Julene R. Melquist

JULENE R. MELQUIST is a co-manager at u.s. bancorp asset management of
the Real Estate Securities product, which invests primarily in equity
real estate investment trusts. She has 15 years of financial industry
experience. Ms. Melquist, who joined the firm in 1994, previously was a
retail investment executive at Kidder Peabody. She received a BA in
accounting from Gustavus Adolphus College and an MBA in finance from the
University of St. Thomas.