SEL Seligman Select Mun FD

Directors of Seligman Select Municipal Fund, Inc. (NYSE: SEL) today declared an income dividend of $0.036 per common share. The dividend will be payable August 22, 2008 to shareholders of record on August 15, 2008. Common shares of Seligman Select Municipal Fund, Inc. will be offered �ex-dividend� on August 13, 2008. Seligman Select Municipal Fund, Inc. is managed by J. & W. Seligman & Co. Incorporated (JWS), 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 managed by JWS. Seligman Services, Inc. provides client services to shareholders of Seligman Select Municipal Fund, Inc. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of JWS. 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.