FAF Advisors, Inc., Declares June Distributions for Closed-End Funds

In addition, American Income Fund (MRF) has increased its monthlydistribution, beginning with the June distribution. This distributionwas increased to more closely reflect current earnings.
NYSE June May
Fund Symbol Amount Amount
---- ------ ------- -------
American Strategic
Income Portfolio ASP $0.0600 $0.0600
American Strategic
Income Portfolio II BSP $0.0800 $0.0800
American Strategic
Income Portfolio III CSP $0.0650 $0.0650
American Select
Portfolio SLA $0.0700 $0.0700
American Income
Fund MRF $0.0450 $0.0425
American Municipal
Income Portfolio XAA $0.0720 $0.0720


AMEX June May
Fund Symbol Amount Amount
---- ------ ------- -------
Minnesota Municipal
Income Portfolio MXA $0.0640 $0.0640
Minnesota Municipal
Income Fund II MXN $0.0560 $0.0560

Based in Minneapolis, FAF Advisors, Inc., a subsidiary of U.S.Bank National Association, serves as the investment advisor to theFirst American Funds. It provides investment management services toindividuals and institutions-including corporations, foundations,pension funds, public funds, and retirement plans-and had combinedassets under management of more than $91 billion as of March 31, 2006.

U.S. Bank National Association is a separate entity and whollyowned subsidiary of U.S. Bancorp (NYSE:USB), the sixth-largest(a)financial services holding company in the United States as of March31, 2006, and a leading provider of comprehensive banking, trust,investment, and payment systems products and service. U.S. Bancorp isthe parent company of U.S. Bank. Visit U.S. Bancorp at usbank.com.

Investment products, including shares of closed-end funds, are notobligations of, or guaranteed by, any bank, including U.S. Bank or anyU.S. Bancorp affiliate, nor are they insured by the Federal DepositInsurance Corporation, the Federal Reserve Board, or any other agency.An investment in such products involves investment risk, includingpossible loss of principal.

(a)Information provided by U.S. Bank Investor Relations.