GainsKeeper FundTax Automates Wash Sales For U.S. Bancorp Fund Services

Takes the crunch out of excise season

(RIVERWOODS, ILL., February 10, 2004) – U.S. Bancorp Fund Services, LLC has adopted GainsKeeper FundTax™ to automate wash sales for select mutual fund clients. FundTax is an automated tax lot service from CCH INCORPORATED (CCH), a leading provider of securities law information and software and a Wolters Kluwer company.

FundTax was introduced in 2000 and remains the only tax lot accounting service with fully automated wash sales. FundTax fully automates the wash sale reconciliation process in the back office and provides book and tax gain/loss reports. The companion system, FundMax, provides real-time wash sale avoidance and loss harvesting tools to maximize after-tax returns.

"FundTax has simplified tracking wash sales for our mutual fund clients that trade frequently," said Joe Neuberger, Senior Vice President, U.S. Bancorp Fund Services.

"FundTax relieves financial institutions from manually tracking wash sales," said Peggy Hayner, product manager for CCH . "It can give fund managers the tools they need to make tax-wise decisions and takes the crunch out of excise season."

About U.S. Bancorp Fund Services

Headquartered in Milwaukee since 1969, U.S. Bancorp Fund Services, LLC currently provides services to more than 250 fund families, with 980 portfolios and 1,100 fund classes and administers 1.9 million shareholder accounts with $170 billion in client assets. U.S. Bancorp Fund Services’ clients include mutual funds, investment partnerships, hedge funds, separately managed accounts, fund-of-funds, and offshore funds. It is a subsidiary of U.S. Bancorp. Visit U.S. Bancorp Fund Services at usbfs.com.

U.S. Bancorp (NYSE: USB), with assets of $189 billion, is the eighth largest financial services holding company in the United States. The company operates 2,243 banking offices and 4,425 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

About GainsKeeper

GainsKeeper is the leading provider of automated tax-based financial tools and services for the investment community, and is a division of CCH INCORPORATED.

Individual investors and professionals seeking cutting-edge investment tools and automated portfolio tracking services, including accounting for investment cost basis adjustments and capital gain/loss calculations, can access GainsKeeper directly via the World Wide Web at www.gainskeeper.com.

GainsKeeper Institutional Services (GKIS) provides ASP solutions for financial institutions, enabling its partners to offer sophisticated tax lot accounting to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service. GKIS serves the brokerage, mutual fund, and fund administration industries, providing solutions ranging from back-office outsourcing to fully integrated Internet-based tools and services. Additional information is available at www.GKIS.net, via e-mail to marketing@gainskeeper.com, or by calling 617-472-3314.

About CCH INCORPORATED

CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, human resources, health care, and small business markets. CCH is a Wolters Kluwer company. The CCH web site can be accessed at cch.com.

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