First American Asset Management Declares September Distributions for Closed-End Funds.

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 24, 1998--The following funds are declaring their September September: see month. distributions, which will be allocated on a per-share basis on the common stock. These distributions have a September 1, 1998, ex-dividend date Ex-dividend date

The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. and will be paid on September 23, 1998, to shareholders of record on September 3, 1998. -0-



                       NYSE            September               August
Fund                   Symbol          Amount                  Amount

American
  Strategic
  Income
  Portfolio            ASP             $0.0825                 $0.0825
American
  Strategic
  Income
  Portfolio-II         BSP             $0.0850                 $0.0850
American
  Strategic
  Income
  Portfolio-III        CSP             $0.0850                 $0.0850
American
  Select
  Portfolio            SLA             $0.0875                 $0.0875
American
  Municipal
  Term Trust           AXT             $0.0542                 $0.0542
American
  Municipal
  Term Trust-IIBXT          $0.0517                 $0.0517
American
  Municipal
  Term Trust-III       CXT             $0.0475                 $0.0475



                      NYSE            September               August
Fund                  Symbol          Amount                  Amount

Minnesota
  Municipal
  Term Trust          MNA             $0.0509                 $0.0509
American
  Municipal
  Income Portfolio    XAA             $0.06275                $0.06275



                      AMEX            September              August
Fund                  Symbol          Amount                 Amount
Minnesota
  Municipal
  Term Trust-II       MNB             $0.0492                $0.0492
Minnesota
  Municipal
  Income Portfolio    MXA             $0.063125              $0.063125

Based in Minneapolis Minneapolis (mĭn'ēăp`əlĭs), city (1990 pop. 368,383), seat of Hennepin co., E Minn., at the head of navigation on the Mississippi River, at St. Anthony Falls; inc. 1856. , First American First American may refer to:

First American (comics), A superhero from America's Best Comics
First American, a division of the now-defunction Bank of Credit and Commerce International.

Asset Management provides investment management services to individuals and institutions, including corporations, foundations, pensions and retirement plans. First American Asset Management manages more than $78 billion in total assets.


    CONTACT: Mutual Fund Services     800 866-7778

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Publication:	Business Wire
Article Type:	Article
Geographic Code:	1USA
Date:	Aug 24, 1998
Words:	209
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Topics:	Closed end mutual funds

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