American Municipal Income Portfolio Inc., Minnesota Municipal Income Portfolio Inc., and American Select Portfolio Inc. to Withdraw Chicago Stock Exchange Listings.

Companies to Retain Other Exchange Listings

MINNEAPOLIS -- American Municipal Income Portfolio Inc. (NYSE:XAA), Minnesota Municipal Income Portfolio Inc. (AMEX:MXA), and American Select Portfolio Inc. (NYSE:SLA) announced today that they have notified the Chicago Stock Exchange of their intent to withdraw their common stock from listing and registration on the exchange.

American Municipal Income Portfolio Inc. and American Select Portfolio Inc. will continue to be listed on the New York Stock Exchange; Minnesota Municipal Income Portfolio Inc. will continue to be listed on the American Stock Exchange.

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 $105 billion as of September 30, 2007.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp (NYSE:USB), the sixth-largest(1) financial services holding company in the United States as of September 30, 2007, 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.

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