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U.S. Bancorp Foundation Awards $10,000 Grant to Mapping Your Future for Its Web Site

MINNEAPOLIS--(BUSINESS WIRE)--May 4, 2005--The U.S. Bancorp Foundation has awarded a $10,000 grant to Mapping Your Future(TM), Inc. (MYF). The grant will be used to assist in further development and promotion of MYF's web site that provides free college, career and financial aid information and services. Located on the web at mapping-your-future.org, students and their families can make higher education and career dreams a reality by utilizing online information and resources on the MYF web site.

    Features of the MYF web site include:

    --  Early Career Awareness - career planning information and the
        interactive feature CareerShip to help middle school students
        explore career options;

    --  College Preparation and Selection - information about academic
        preparation needed for college, what to expect from admission
        procedures and standardized tests, and tips on selecting a
        school;

    --  Financial Fitness - "Ten Steps to Financial Fitness," an
        interactive financial trainer dedicated to helping high school
        and college students build financial muscle; includes
        calculators to help students and families with budgeting and
        financial aid planning;

    --  College Financial Aid - information about how to apply for
        student financial aid, and information on scholarships,
        grants, loans, and work-study programs, and a calendar of
        important dates in the financial aid process;

    --  Online Student Loan Counseling - interactive and
        college-customized Stafford and Perkins entrance and exit
        counseling sessions;

    --  Live Chat Events - events that enable visitors to ask
        counselors about college, career, financial aid, and loan
        management and receive answers immediately.

MYF is a national collaborative effort of the financial aid industry, bringing together the expertise of the industry to provide free college, career, financial aid, and financial literacy services for schools, students, and families. To develop new features and services, MYF relies on functional and project teams. More than 200 volunteers serve on various teams, including default prevention, early awareness, content, technology and data exchange and online student loan counseling. MYF team members create new features, write and edit content, develop promotional and marketing materials, review new ideas, and plan for the future. In other words, most of what happens on MYF wouldn't be possible without the work of team members. Because team members represent various organizations across the country, MYF's features and services are non-proprietary, providing a neutral source of information for parents and students.

U.S. Bank is one of the top student banking institutions in the nation providing a comprehensive line of student banking products, including campus ID card programs, student loans, Internet banking, U.S. Bank student checking and savings, and Visa Buxx(R) prepaid cards. For more information on these services, visit www.usbank.com/studentbanking.

U.S. Bancorp (NYSE:USB), with $198 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,377 banking offices and 4,654 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. Bancorp
Amy Frantti, 612-303-0733

SOURCE: U.S. Bancorp

"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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