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U.S. Bancorp Piper Jaffray Promotes Angela Samfilippo to Senior Health Care

Services Research Analyst

MINNEAPOLIS, June 14 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray is pleased to announce that Angela Samfilippo has been promoted to vice president and senior research analyst, covering the health care services sector.  Samfilippo spent the past two years as a research analyst with the firm covering health care services, including diagnostic laboratories, alternate site providers and outpatient facilities.

We're very delighted to promote Angela to a senior analyst in our research department, said Robert W. Peterson, head of Equity Capital Markets Research Department.  Since joining in 2000, Angie has displayed tremendous knowledge of the health care services sector.  This knowledge, coupled with her history and commitment to the firm, made Angela the ideal candidate for the position.  We expect Angela will continue to produce the leading research Piper Jaffray has provided in the health care services sector in the past.

Prior to joining U.S. Bancorp Piper Jaffray, Samfilippo was a consultant with Arthur Andersen LLP, in its hedge fund advisory group.  She holds a bachelor of arts degree in accounting from Michigan State University in East Lansing, Mich., and a Master's of Business Administration from the Eli Broad Graduates School of Management.  Samfilippo is also a Certified Public Accountant (CPA).

U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based

U.S. Bancorp (NYSE: USB), provides a full range of investment products and services to businesses, institutions and individuals.  The company's investment banking business has grown exponentially in the last several years by focusing on the needs of growth companies in the health care, technology, financial institutions, consumer and industrial growth sectors.  U.S. Bancorp Piper Jaffray has a national reputation for its expertise in fundamental research and equity and debt financing.  U.S. Bancorp offers a comprehensive range of financial solutions through U.S. Bank, U.S. Bancorp Asset Management, U.S. Bancorp Libra Investments and U.S. Bancorp Piper Jaffray.  Securities products and services offered through U.S. Bancorp Piper Jaffray, Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp.

Nondeposit investment products are not insured by the FDIC, are not deposits or other obligations of or guaranteed by U.S. Bank National Association or its affiliates, and involve investment risks, including possible loss of the principal amount invested.  Securities products and services are offered through U.S. Bancorp Piper Jaffray Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp.   (5/99-0679)

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http://tbutton.prnewswire.com/prn/11690X03781941

SOURCE  U.S. Bancorp Piper Jaffray

    -0-                             06/14/2002

/CONTACT:  Susan Beatty, Public Relations of U.S. Bancorp Piper Jaffray, +1-612-303-5680/

/Web site:  http://www.piperjaffray.com  /

(USB)

CO:  U.S. Bancorp Piper Jaffray
ST:  Minnesota
IN:  FIN HEA
SU:  PER

ES-CK
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1591 06/14/2002 09:02 EDT http://www.prnewswire.com

"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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