JOHN G. WENKER is the lead manager at u.s. bancorp asset management of
the Real Estate Securities team, as well as the Real Estate Securities
product, which invests primarily in equity real estate investment
trusts. In addition, he oversees the Whole Loan Mortgage team. Mr.
Wenker joined the firm in 1992 as a managing director of the Fixed
Income department. He has 21 years of financial industry experience,
including 12 years in portfolio management. Previously, he was director
of Revitalization Resources at the Minneapolis Community Development
Agency. He also has four years of experience at a regional investment-
banking firm. Mr. Wenker has a BA in public administration from
Metropolitan State University and an MBA in finance from the University
of St. Thomas.
J.MELQUIST / J.WENKER - U.S. BANCORP ASSET MANAGEMENT
November 22, 2004