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High School Cheerleaders to Fill the Streets This Weekend; 31 Teams Compete in the U.S. Bank Spirit on the Course at the Rock `n' Roll Marathon

SAN DIEGO--(BUSINESS WIRE)--May 29, 2002--U.S. Bancorp (NYSE:USB)

If you think the world-class athletes running the 5th annual Suzuki Rock `n' Roll Marathon will be the only athletes filling the streets of San Diego early Sunday morning, think again!

More than 1,100 high school cheerleaders will also line the roadways as they root on the runners and compete for the $1,000 first place prize in the U.S. Bank Spirit on the Course competition.

U.S. Bank Spirit on the Course, an annual tradition in America's Finest City, will feature 31 local high school teams competing for one of the largest cheerleading prizes in California. We are excited to once again have U.S. Bank's support of the Suzuki Rock `n' Roll Marathon, said race organizer, Tracy Sundlund. The U.S. Bank Spirit on the Course has become as integral a part of the marathon as the music, and the runners always let us know how important it is to have that kind of encouragement every step of the way.

Escondido High School won last year's contest, taking home $1,000 and an opportunity to host a free cheerleading clinic last March. Escondido will attempt to defend its title this year, but will face stiff competition from 30 other San Diego high school teams that would love to win $1,000 for their program and host next year's clinic.

We know it will not be an easy title to defend, said Bonnie Sparapani, Escondido High School cheer director. Every school is focused on the U.S. Bank Spirit on the Course as the most prestigious competition in San Diego.

As the nation's largest financial institution sponsor of high school athletics, U.S. Bank is proud to continue that tradition in America's Finest City with the U.S. Bank Spirit on the Course, said Robert Armstrong, U.S. Bank San Diego market chairman. We know it will be a spirited competition and the cheers will greatly assist all of the runners get to the finish line.

U.S. Bank is a subsidiary of U.S. Bancorp (NYSE:USB). With assets in excess of $165 billion, U.S. Bancorp is the 8th largest financial services holding company in the United States. The company operates 2,147 banking offices and 4,929 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. Visit U.S. Bancorp on the web at www.usbank.com.

--30--jsw/clv*

CONTACT: U.S. Bank

Sponsorships: Troy Morrison, 858/642-4639

Media Relations: Teri Charest, 612/973-4594

KEYWORD: CALIFORNIA MINNESOTA

INDUSTRY KEYWORD: BANKING EDUCATION SPORTS

SOURCE: U.S. Bancorp

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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