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U.S. Bank Launches Internet Scholarship Search Engine

MINNEAPOLIS, Jan 15, 2003 (BUSINESS WIRE) -- U.S. Bank (NYSE:USB) has partnered with Petersons.com to offer students a free scholarship search engine at usbank.com. Petersons.com is a leading provider of educational information and services, and is part of The Thomson Corporation. The search engine content is provided by Petersons.com.

"This new feature is free, and allows students to come to usbank.com and search for scholarships to assist them with paying their education," said Russ Kruse, vice president and manager for U.S. Bank student banking. "At the same time, they can check U.S. Bank out and see if there are other financial services that can help them manage their money while in school."

To reach the scholarship search engine, users go to usbank.com/studentbanking, and click on "Scholarship Search" icon located on the left side of the web page.

"The state of the economy has made it much harder for families to afford a college education," said Mary Gatsch, president of Peterson's. "We are pleased to support U.S. Bank in its efforts to help students find the money they need."

    About The Thomson Corporation and Petersons.com:

The Thomson Corporation (www.thomson.com), with 2001 revenues of $7.2 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software applications and tools to more than 20 million users in the fields of corporate and professional training, assessment and testing, higher education, reference information, law, tax, accounting, financial services, and scientific research and healthcare. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE:TOC)(TSX:TOC). Its learning businesses and brands serve the needs of individuals, learning institutions, corporations, and government agencies with products and services for both traditional and distributed learning. As part of The Thomson Corporation, Peterson's is one of the nation's most respected providers of lifelong learning books and online resources focusing on the educational search, test preparation, and financial aid markets. Peterson's leading book imprints include ARCO; its Web site, www.petersons.com, has searchable databases and interactive tools for contacting U.S.-accredited institutions and programs. Peterson's serves 110 million education consumers annually.

U.S. Bank is one of the top student banking institutions in the nation, providing a comprehensive line of student banking products including student loans, campus ID card programs, Internet banking, U.S. Bank Student Checking and Savings, and Visa Buxx(R) prepaid spending cards. U.S. Bank Student Loans offers quality toll-free customer service, state-of-the-art loan processing, online application accessibility and a variety of repayment options that offer savings to borrowers. Student loan products include Federal Stafford, PLUS, Consolidation, and Supplemental education loans. U.S. Bank offers the Federal Stafford, Federal PLUS and supplemental education loan programs. The U.S. Bank web site offers the full array of student banking products, services and paying for college information as well as an Internet scholarship program.

U.S. Bank is a subsidiary of U.S. Bancorp (NYSE:USB). With assets in excess of $174 billion, it is the 8th largest financial services holding company in the United States. The company operates 2,133 banking offices and 4,680 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 usbank.com.

CONTACT:          U.S. Bank
                  Amy Frantti, 612/303-0733

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SOURCE: U.S. Bank

"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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