FAF Advisors 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 2, 2007, ex-dividend date and will be paid on April 25, 2007, to shareholders of record on April 4, 2007.

Fund

NYSE
Symbol

April
Amount

March
Amount

American Strategic Income Portfolio ASP $0.0650  $0.0650 
American Strategic Income Portfolio II BSP $0.0650  $0.0650 
American Strategic Income Portfolio III CSP $0.0800  $0.0800 
American Select Portfolio SLA $0.0800  $0.0800 
American Income Fund MRF $0.0425  $0.0425 
American Municipal Income Portfolio XAA $0.0720  $0.0720 

Fund

AMEX
Symbol

April
Amount

March
Amount

Minnesota Municipal Income Portfolio MXA $0.0500  $0.0500 
Minnesota Municipal Income Fund II MXN $0.0500  $0.0500 

Based in Minneapolis, FAF Advisors, 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 had combined assets under management of more than $100 billion as of December 31, 2006.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp, the sixth-largest(a) financial services holding company in the United States as of December 31, 2006, 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 at usbank.com.

Investment products, including shares of closed-end 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.

(a) Information provided by U.S. Bank Investor Relations.