MINNEAPOLIS, March 21 /PRNewswire-FirstCall/ -- U.S. Bancorp Asset Management today declared April distributions for the following funds. The distributions will be allocated on a per-share basis on the common stock. The distributions have an April 1, 2003, ex-dividend date and will be paid on April 23, 2003, to shareholders of record on April 3, 2003.

     Fund                                     NYSE    April       March
                                              Symbol  Amount      Amount

     American Strategic Income Portfolio      ASP     $0.0725     $0.0725
     American Strategic Income Portfolio II   BSP     $0.0950     $0.0950
     American Strategic Income Portfolio III  CSP     $0.0875     $0.0875
     American Select Portfolio                SLA     $0.0875     $0.0875
     American Income Fund                     MRF     $0.0575     $0.0575
     American Municipal Income Portfolio      XAA     $0.0780     $0.0780


     Fund                                     AMEX    April       March
                                              Symbol  Amount      Amount

     Minnesota Municipal Income Portfolio     MXA     $0.0780     $0.0780
     Minnesota Municipal Income Fund II       MXN     $0.06625    $0.06625

Based in Minneapolis, U.S. Bancorp Asset Management, Inc., a subsidiary of U.S. Bank National Association, serves as the investment advisor to the First American Funds. It provides investment management services to individuals and institutions -- including corporations, foundations, pension funds, public funds, and retirement plans -- and has combined assets under management of more than $113 billion as of Dec. 31, 2002. The firm has offices in 22 states.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp, the eighth-largest financial services holding company in the United States and a leading provider of comprehensive banking, trust, investment and payment systems products and service. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the Web at usbank.com .

Investment products, including shares of mutual funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank or any U.S. Bancorp affiliate, nor are they insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency. An investment in such products involves investment risk, including possible loss of principal.

SOURCE U.S. Bancorp Asset Management, Inc.