Amer Strat Portfolio : FAF Advisors, Inc., Declares December Distributions for Closed-End Funds

FAF Advisors today declared December distributions for the following funds. The distributions will be allocated on a per-share basis on the common stock. The distributions have a December 1, 2006, ex-dividend date and will be paid on December 27, 2006, to shareholders of record on December 5, 2006.

Fund		NYSE Symbol		December Amount		November 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		December Amount		November Amount
Minnesota Municipal Income Portfolio		MXA		$0.0510		$0.0510
Minnesota Municipal Income Fund II		MXN		$0.0540		$0.0540

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 $98 billion as of September 30, 2006.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp (NYSE:USB), the sixth-largest¹ financial services holding company in the United States as of September 30, 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.

¹Information provided by U.S. Bank Investor Relations.