U.S. Bancorp Asset Management, Inc., Declares November Distributions for Closed-End Funds

U.S. Bancorp Asset Management today declared Novemberdistributions for the following funds. The distributions will beallocated on a per-share basis on the common stock. The distributionshave a Nov. 1, 2005, ex-dividend date and will be paid on Nov. 23,2005, to shareholders of record on Nov. 3, 2005.
NYSE November October
Fund Symbol Dividend Dividend
---- ------ -------- --------
American Strategic
Income Portfolio ASP $0.0650 $0.0650
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 $0.0425 $0.0425
American Municipal
Income Portfolio XAA $0.0720 $0.0720


AMEX November October
Fund Symbol Dividend Dividend
--------------------- ------ -------- --------
Minnesota Municipal
Income Portfolio MXA $0.0720 $0.0720
Minnesota Municipal
Income Fund II MXN $0.0620 $0.0620

Based in Minneapolis, U.S. Bancorp Asset Management, Inc., asubsidiary of U.S. Bank National Association, serves as the investmentadvisor to the First American Funds. It provides investment managementservices to individuals and institutions-including corporations,foundations, pension funds, public funds, and retirement plans-and hascombined assets under management of more than $122 billion as of June30, 2005.

U.S. Bank National Association is a separate entity and whollyowned subsidiary of

U.S. Bancorp, the sixth-largest(a) financial services holdingcompany in the United States as of June 30, 2005, and a leadingprovider of comprehensive banking, trust, investment and paymentsystems products and service. U.S. Bancorp is the parent company ofU.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.