Corey Redfield joins U.S. Bancorp Piper Jaffray as Manager of General Capital Markets Strategy and Research.

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 6, 1999--

U.S. Bancorp Piper Jaffray has hired Corey Redfield as manager of General Capital Markets Strategy and Research, a division of Fixed Income Capital Markets.

"As our chief fixed income strategist, Corey will lead our strategy team in developing portfolio strategy, market commentary, trade ideas and customer communications," said Joe Tessmer, manager of General Capital Markets. "In an increasingly competitive environment, this is a key component in providing value-added service to our clients."

Prior to joining U.S. Bancorp Piper Jaffray, Redfield owned and operated two companies - Arbitrage Asset Management, a commodity trading advisor, and Bondseye.com, an Internet company with bond market content. Previously, he led the Fixed Income division of Investors Management Group, Ltd. in Des Moines Iowa. Redfield also spent several years as a fixed income derivatives specialist with Merrill Lynch and as manager of fixed income research with John G. Kinnard & Co. He has a bachelor's degree from the University of Minnesota - Morris, and an MBA from Vanderbilt University's Owen Graduate School of Management in Nashville, Tenn.

U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based U.S. Bancorp, provides a full range of investment products and services to individuals, institutions and businesses. The firm is the leading municipal bond underwriter in the nation based on long-term new issues, according to Securities Data Company. U.S. Bancorp Piper Jaffray provides public finance expertise in health care, housing, education, state and local governments, real estate and economic development. Founded in 1895, U.S. Bancorp Piper Jaffray is the 11th largest brokerage in the nation. The company also has a national reputation for its investment banking expertise in emerging growth companies. U.S. Bancorp offers a comprehensive range of financial solutions through U.S. Bank, First American Asset Management, U.S. Bancorp Libra Investments and U.S. Bancorp Piper Jaffray. For more information, visit our Web site at piperjaffray.com.

Nondeposit investment products are not insured by the FDIC, are not deposits or other obligations of or guaranteed by U.S. Bank National Association or its affiliates, and involve investment risks, including possible loss of the principal amount invested. Securities products and services are offered through U.S. Bancorp Piper Jaffray Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp.