/C O R R E C T I O N -- U.S. Bancorp Piper Jaffray/

May 31, 2002

In the news release, U.S. Bancorp Piper Jaffray Significantly Expands Fixed-Income Sales and Trading Capabilities; Launches Fixed-Income Trading Office in New York, Hires Top Mortgage Talent, issued earlier today by U.S. Bancorp Piper Jaffray, a subsidiary of U.S. Bancorp (NYSE: USB), over PR Newswire, we are advised by the company that the first paragraph, second sentence should read This expansion builds upon the firm's nation-wide fixed income sales and trading services in Minneapolis, San Francisco, Kansas City, Seattle, Chicago, Denver, Portland and Phoenix... rather than ...Minneapolis, San Francisco, Kansas City, Seattle, Chicago, Denver and Phoenix... as originally issued inadvertently.

SOURCE  U.S. Bancorp Piper Jaffray

    -0-                             5/31/2002 C MNF004

/PRNewswire -- May 31/

(USB)

CO:  U.S. Bancorp Piper Jaffray; U.S. Bancorp
ST:  New York, Minnesota
IN:  FIN
SU:  PER

KE-ES
-- MNF004a --
5747 05/31/2002 09:46 EDT http://www.prnewswire.com

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