Seligman Select Municipal Fund, Inc. and Seligman Quality Municipal Fund, Inc. Announce Dividend Information

  
    
  
  
    
      Seligman Select Municipal Fund, Inc. (NYSE: SEL) announced that it 
      currently estimates that 3.9% of the monthly distributions paid to 
      common stockholders in 2006 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 4.1% of the monthly distributions paid to common stockholders in 
      2006 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.
    
    
      Seligman Quality Municipal Fund, Inc. and Seligman Select Municipal 
      Fund, Inc. are managed by J. & W. Seligman & Co. Incorporated, a New 
      York-based investment manager and advisor, which was founded in 1864. 
      Seligman Advisors, Inc. is the principal underwriter of the Seligman 
      mutual funds. Seligman Services, Inc. provides client services to 
      shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are 
      each an affiliate of J. & W. Seligman & Co. Incorporated.
    
    
      You should consider the investment objectives, risks, charges, and 
      expenses of a Fund carefully before investing. You can obtain the Fund’s 
      most recent annual, semi-annual and quarterly reports by contacting your 
      financial advisor or Seligman Services, Inc. at 800-597-6068. These 
      reports and other information are also available on the Securities and 
      Exchange Commission’s EDGAR Database.
    
  
Seligman Select Municipal Fund, Inc. (NYSE: SEL) announced that it
currently estimates that 3.9% of the monthly distributions paid to
common stockholders in 2006 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 4.1% of the monthly distributions paid to common stockholders in
2006 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.

   Seligman Quality Municipal Fund, Inc. and Seligman Select
Municipal Fund, Inc. are managed by J. & W. Seligman & Co.
Incorporated, a New York-based investment manager and advisor, which
was founded in 1864. Seligman Advisors, Inc. is the principal
underwriter of the Seligman mutual funds. Seligman Services, Inc.
provides client services to shareholders. Seligman Advisors, Inc. and
Seligman Services, Inc. are each an affiliate of J. & W. Seligman &
Co. Incorporated.

   You should consider the investment objectives, risks, charges, and
expenses of a Fund carefully before investing. You can obtain the
Fund's most recent annual, semi-annual and quarterly reports by
contacting your financial advisor or Seligman Services, Inc. at
800-597-6068. These reports and other information are also available
on the Securities and Exchange Commission's EDGAR Database.