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CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS

 CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT
 DECLARE MONTHLY DIVIDENDS
 MINNEAPOLIS, April 27 /PRNewswire/ -- The following funds declared their May dividends:
 FUND NYSE CURRENT MONTH PREVIOUS
 SYMBOL AMOUNT DIVIDEND
 American Adjustable Rate Term
 Trust Inc. -- 1995 ADJ $0.0645 $0.0645
 American Adjustable Rate Term
 Trust Inc. -- 1996 BDJ $0.0645 $0.0645
 American Adjustable Rate Term
 Trust Inc. -- 1997 CDJ $0.0660 $0.0660
 American Government Income
 Fund Inc. AGF $0.0640 $0.0740(a)
 American Government Income
 Portfolio Inc. AAF $0.0800 $0.0950(b)
 American Government Term
 Trust Inc. AGT $0.0785 $0.0785
 American Municipal Term
 Trust Inc. AXT $0.0542 $0.0542
 American Municipal Term
 Trust Inc. -- II BXT $0.0517 $0.0517
 American Opportunity Income
 Fund Inc. OIF $0.0833 $0.0983(c)
 American Strategic Income
 Portfolio ASP $0.1125 $0.1125
 Minnesota Municipal Term Trust MNA $0.0509 $0.0509
 (a) The April dividend for American Government Income Fund (AGF) included a special dividend paid on April 22, 1992, to shareholders of record on April 7, 1992. The entire $0.01 special dividend was from ordinary income.
 (b) The April dividend for American Government Income Portfolio (AAF) included a special dividend paid on April 22, 1992, to shareholders of record on April 7, 1992. The entire $0.015 special dividend was from ordinary income.
 (c) The April dividend for American Opportunity Income Fund (OIF) included a special dividend paid on April 22, 1992, to shareholders of record on April 7, 1992. The entire $0.015 special dividend was from ordinary income.
 These dividend amounts are distributed on a per-share basis on the common stock. The dividends, which have an ex-dividend date of May 1, 1922, will be paid May 27, 1992, to shareholders of record on May 7, 1992.
 These funds are managed by Piper Capital Management Incorporated. Based in Minneapolis, Piper Capital Management, a full-service money management firm, has $7 billion under management. Piper Capital is an independent, wholly owned subsidiary of Piper Jaffray Companies Inc., an investment banking firm founded in 1895.
 NOTE: There are two series of closed-end funds with similar names -- American Adjustable Rate Term Trust -- 1995 (ADJ), American Adjustable Rate Term Trust -- 1996 (BDJ), American Adjustable Rate Term Trust -- 1997 (CDJ) and American Adjustable Rate Term Trust -- 1998 (DDJ); and American Municipal Term Trust (AXT) and American Municipal Term Trust -- II (BXT). To avoid confusion, please use the full name including the year or Roman numeral when referencing this press release.
 -0- 04/27/92
 /CONTACT: Linda Ruhland, 612-342-6280, or Kimberly Kaul, 612-342-6384, both of Piper Capital Management/ CO: Piper Capital Management, Piper Jaffray Incorporated ST: Minnesota IN: FIN SU: DIV


AL -- MN019 -- 3308 04/27/92 15:38 EDT
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Publication:PR Newswire
Date:Apr 27, 1992
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