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U.S. Bank Named `Top Supplier' by Leading Software Provider

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 18, 2005--U.S. Bancorp (NYSE:USB)

Autodesk, Inc., the world's leading design software and digital content company, recently named U.S. Bank Corporate Payment Systems "Supplier-of-the-Year" for 2004 at its annual company Supplier Day. U.S. Bank was singled out by Autodesk for its exceptional purchasing card product and service and beat out a bevy of well-known industrial providers of such things as computers and computer peripherals, airline travel and overnight shipment services.

In naming U.S. Bank its top supplier, Autodesk identified the company's ability to help the company align with the CEO's direction and achieve its corporate goal of improving its margins. The Autodesk purchasing card program has been such a success that U.S. Bank was also recently awarded the company's corporate travel card business.

"We strive to provide our customers with great products supported by great people. This recognition certainly helps to validate that we are focusing on the right things," said U.S. Bank executive vice president, Robert T. Abele. "Plus, this is an excellent example of where outstanding customer service has provided an opportunity for us to expand our relationship with a fantastic customer."

Autodesk offers customers progressive business solutions through powerful technology products and services. Autodesk helps customers in the building, manufacturing, infrastructure, digital media, and wireless data services fields increase the value of their digital design data and improve efficiencies across their entire project lifecycle management processes.

U.S. Bank Corporate Payment Systems, a division of U.S. Bancorp, offers clients a full suite of solutions for commercial, fleet and B2B payment needs. U.S. Bank was the first to offer corporate bankcard, purchasing and relocation card programs, the first to offer a private-label fleet card and is one of the largest merchant acquirers in the world. Corporate Payment Systems maintains an enviable list of clients including nearly half of the Fortune 100 and more than 30 percent of the Fortune 500.

U.S. Bancorp (NYSE:USB), with $195 billion in assets, is the 6th largest financial services holding company in the United States. The company operates 2,370 banking offices and 4,620 ATMs in 24 states, 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 in which the company pays customers if certain key banking benefits and services are not met. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

    CONTACT: U.S. Bank Corporate Payment Systems
             Dan Endy, 612-973-1512
             U.S. Bank Media Relations
             Teri Charest, 612-303-0732

    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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