<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d61922_ex99-1.txt
<DESCRIPTION>FUND FACT SHEET AS OF DECEMBER 31, 2004
<TEXT>
    Tri-Continental Corporation              |     FACT SHEET as of 12/31/04
  an investment you can live with            |
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NYSE Symbol: TY                                           www.tricontinental.com
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PORTFOLIO MANAGEMENT
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Portfolio Manager:
John B. Cunningham and Michael F. McGarry

Investment Team:
Seligman Core Investment Team

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FUND OBJECTIVE
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Tri-Continental Corporation invests to produce future growth of both capital and
income, while providing reasonable current income.

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PORTFOLIO COMPOSITION
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The equity portfolio is widely diversified, covering 44 different industries and
103 issues, with not one holding representing more than 3.9% of the portfolio.

Common Stocks ........................................................     97.1%
Other Investments ....................................................      0.1
Cash and Cash Equivalents ............................................      2.5
Other Assets Less Liabilities ........................................      0.3

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TOP EQUITY HOLDINGS
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General Electric .....................................................      3.9%
Microsoft ............................................................      3.1
Pfizer ...............................................................      3.0
Citigroup ............................................................      2.8
Exxon Mobil ..........................................................      2.7
Altria Group .........................................................      2.4
Wal-Mart Stores(4)....................................................      2.0
International Business Machines ......................................      2.0
American International Group .........................................      1.8
Tyco International ...................................................      1.8

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PER SHARE CHARACTERISTICS
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Net Asset Value                                                   $21.87
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Market Price                                                      $18.28
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Premium/(Discount)                                                (16.42)%
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Accumulated Realized Capital Loss                                 ($4.62)
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Net Unrealized Capital Gain                                       $ 1.80
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PORTFOLIO CHARACTERISTICS(1)
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Median Market Cap                                                 $69.32 billion
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Weighted Average Price/Earnings Ratio (2004)(2)                    18.99
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Weighted Average Price/Book Ratio (2004)(3)                         2.8x
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Net Investment Assets                                             $ 2.51 billion

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HOLDINGS BY SECTOR
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                                  Tri-Continental Corporation       S&P 500
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Consumer Discretionary                        9.32%                  11.90%
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Consumer Staples                             12.12                   10.48
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Energy                                        4.44                    7.16
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Financials                                   19.44                   20.64
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Health Care                                  12.97                   12.68
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Industrials                                  10.54                   11.79
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Information Technology                       19.14                   16.05
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Materials                                     4.17                    3.09
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Telecommunication Services                    3.76                    3.27
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Utilities                                     1.29                    2.94
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Unassigned                                      --                      --
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Cash                                          2.81                      --

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INVESTMENT RESULTS
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Total returns for the periods ended December 31, 2004

                                                       Average Annual
                                               --------------------------------
                                 One Month*    One Year   Five Years   10 Years
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Net Asset Value                     3.50%        13.36%      (2.85)%      9.26%
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Market Price                        3.62         12.95       (3.17)       9.22
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S&P 500                             3.56         11.04       (2.27)      12.08
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Lipper Closed-End Growth &
Income Funds Average                3.15         13.29        3.13       10.37

*     Not annualized.

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IMPORTANT PERFORMANCE INFORMATION
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Performance data quoted herein represents past performance. Past performance
does not guarantee future results. Investment return and principal value of an
investment will fluctuate so that an investor's shares, when sold, may be worth
more or less than their original cost. Current performance may be higher or
lower than the performance data quoted. Total returns for the Fund as of the
most recent month-end will be made available at www.tricontinental.com by the
seventh business day following that month-end.

The Net Asset Value and Market Price investment results assume the reinvestment
of all distributions. The Lipper Closed-End Growth & Income Funds Average and
the S&P 500 are an unmanaged average and benchmark, respectively, that assume
the reinvestment of all distributions. The S&P 500 excludes the effect of fees.
Investors cannot invest directly in an average or index.

The Corporation is actively managed, and its holdings are subject to change.
Holdings and Portfolio Composition are shown as a percentage of net assets.

(1)   Calculations are based upon information provided by FactSet as of 12/31/04
      for the securities held in the Corporation.

(2)   Price/Earnings Ratio is the "multiple" of earnings at which a stock sells,
      determined by dividing current stock price by estimated earnings per
      share, adjusted for stock splits. A higher "multiple" indicates investors
      have greater expectations for future growth. The weighted average is the
      mean of the price/earnings ratios of all securities held in
      Tri-Continental's portfolio, weighted by the percent of equity.

(3)   Price/Book Ratio is the comparison of a stock's market value to the value
      of total assets less total liabilities (book value), determined by
      dividing current stock price by common stockholder equity per share,
      adjusted for stock splits. The weighted average is the mean of the
      price/book ratios of all securities held in Tri-Continental's portfolio,
      weighted by the percent of equity.

(4)   New to Top Equity Holdings this month.


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            NOT FDIC INSURED o NOT BANK GUARANTEED o MAY LOSE VALUE
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<PAGE>


    Tri-Continental Corporation              |     FACT SHEET as of 12/31/04
  an investment you can live with            |
================================================================================
NYSE Symbol: TY                                           www.tricontinental.com
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YEAR-BY-YEAR ANNUAL TOTAL RETURNS
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  [THE FOLLOWING TABLE WAS REPRESENTED AS A BAR CHART IN THE PRINTED MATERIAL.]

                Net Asset Value          Market Value

1995                  28.0%                  30.8%
1996                  22.0                   21.4
1997                  27.9                   26.6
1998                  26.2                   25.8
1999                  12.6                   10.7
2000                 -11.6                   -8.3
2001                  -5.2                  -10.2
2002                 -28.2                  -26.4
2003                  25.2                   25.8
2004                  13.4                   13.0

See Important Performance Information on page 1 of this fact sheet.

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FOR MORE INFORMATION
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You should consider the investment objectives, risks, charges, and expenses of
the Fund carefully before investing. A prospectus containing information about
the Fund (including its investment objectives, risks, charges, expenses, and
other information about the Fund) may be obtained by calling 800-TRI-1092. The
prospectus should be read carefully before investing in the Fund.

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A WORD ABOUT RISK
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The net asset value of shares may not always correspond to the market price of
such shares. Shares of many closed-end funds frequently trade at a discount from
their net asset value. Tri-Continental Corporation is subject to stock market
risk, which is the risk that stock prices overall will decline over short or
long periods, adversely affecting the value of an investment in the Fund.

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             NOT FDIC INSURED o NOT BANK GUARANTEED o MAY LOSE VALUE
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CETRI8 12/04
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