Notice to SHAREHOLDERSAugust 31, 2008 (unaudited)OfficersName, Address, andYear of BirthThomas S. Schreier, Jr.FAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1962)*Jeffery M. WilsonFAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1956)*Charles D. Gariboldi, Jr.FAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1959)*Jill M. StevensonFAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1965)*David H. LuiFAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1960)*Mark D. CornsFAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1963)*Kathleen L. PrudhommeFAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1953)*James D. AltDorsey & Whitney, LLP50 South Sixth StreetSuite 1500,Minneapolis, MN 55402(1951)James R. ArnoldU.S. Bancorp Fund Services, LLC615 E. Michigan StreetMilwaukee, WI 53202(1957)*Richard J. ErtelFAF Advisors, Inc.800 Nicollet MallMinneapolis, MN 55402(1967)*Position(s)Heldwith <strong>Funds</strong>PresidentVicePresident –AdministrationTreasurerAssistantTreasurerChiefComplianceOfficerAnti-<strong>Money</strong>LaunderingOfficerSecretaryAssistantSecretaryAssistantSecretaryAssistantSecretaryTerm of Officeand Length ofTime ServedRe-elected by the Board annually;President of FAF since February 2001Re-elected by the Board annually; VicePresident – Administration of FAF sinceMarch 2000Re-elected by the Board annually;Treasurer of FAF since October 2004Re-elected by the Board annually;Assistant Treasurer of FAF sinceSeptember 2005Re-elected by the Board annually; ChiefCompliance Officer of FAF since March2005Re-elected by the Board annually; Anti-<strong>Money</strong> Laundering Officer of FAF sinceSeptember 2008Re-elected by the Board annually;Secretary of FAF since December 2004;prior thereto, Assistant Secretary ofFAF since September 1998 throughDecember 2004Re-elected by the Board annually;Assistant Secretary of FAF sinceDecember 2004; prior thereto,Secretary of FAF since June 2002;Assistant Secretary of FAF fromSeptember 1998 through June 2002Re-elected by the Board annually;Assistant Secretary of FAF since June2003Re-elected by the Board annually;Assistant Secretary of FAF since June2006 and from June 2003 throughAugust 2004Principal Occupation(s) During Past 5 YearsChief Executive Officer of FAF Advisors, Inc.; Chief Investment Officer of FAFAdvisors, Inc., since September 2007Senior Vice President of FAF Advisors, Inc.Mutual <strong>Funds</strong> Treasurer, FAF Advisors, Inc., since October 2004; prior thereto,Vice President of Investment Accounting and Fund Treasurer for Thrivent<strong>Financial</strong> for LutheransMutual <strong>Funds</strong> Assistant Treasurer, FAF Advisors, Inc., since September 2005;prior thereto, Director, Senior Project Manager, FAF Advisors, Inc.Chief Compliance Officer for First American <strong>Funds</strong> and FAF Advisors, Inc.,since March 2005; prior thereto, Chief Compliance Officer, Franklin Advisors,Inc. and Chief Compliance Counsel, Franklin Templeton Investments fromMarch 2004 to March 2005; prior thereto, Vice President, Charles Schwab &Co., Inc.Director of Compliance, FAF Advisors, Inc. since June 2006; ComplianceManager, FAF Advisors, Inc. from January 2005 to June 2006; prior thereto,Compliance Manager, Oppenheimer<strong>Funds</strong>, Inc.Deputy General Counsel, FAF Advisors, Inc., since November 2004; priorthereto, Partner, Dorsey & Whitney LLP, a Minneapolis-based law firmPartner, Dorsey & Whitney LLP, a Minneapolis-based law firmSenior Vice President, U.S. Bancorp Fund Services, LLCCounsel, FAF Advisors, Inc., since May 2006; prior thereto, Counsel,Ameriprise <strong>Financial</strong> Services, Inc. from September 2004 to May 2006; priorthereto, Counsel, FAF Advisors, Inc.* Messrs. Schreier, Wilson, Gariboldi, Lui, Corns, and Ertel, Ms. Stevenson and Ms. Prudhomme are each officers and/or employees of FAF Advisors, Inc., which serves as investment adviserand administrator for FAF. Mr. Arnold is an officer of U.S. Bancorp Fund Services, LLC, which is a subsidiary of U.S. Bancorp and which serves as Transfer Agent for FAF.50 FIRST AMERICAN FUNDS 2008 Annual Report
BOARD OF DIRECTORSFirst American <strong>Funds</strong>, Inc.Virginia StringerChairperson of First American <strong>Funds</strong>, Inc.Governance Consultant; former Owner and President of Strategic ManagementResources, Inc.Benjamin Field IIIDirector of First American <strong>Funds</strong>, Inc.Retired; former Senior <strong>Financial</strong> Advisor, Senior Vice President,Chief <strong>Financial</strong> Officer, and Treasurer of Bemis Company, Inc.Roger GibsonDirector of First American <strong>Funds</strong>, Inc.Director of Charterhouse Group, Inc.Victoria HergetDirector of First American <strong>Funds</strong>, Inc.Investment Consultant; former Managing Director of Zurich Scudder InvestmentsJohn KayserDirector of First American <strong>Funds</strong>, Inc.Retired; former Principal, Chief <strong>Financial</strong> Officer, and Chief Administrative Officer ofWilliam Blair & Company, LLCLeonard KedrowskiDirector of First American <strong>Funds</strong>, Inc.Owner and President of Executive and Management Consulting, Inc.Richard RiedererDirector of First American <strong>Funds</strong>, Inc.Owner and Chief Executive Officer of RKR Consultants, Inc.Joseph StraussDirector of First American <strong>Funds</strong>, Inc.Owner and President of Strauss Management CompanyJames WadeDirector of First American <strong>Funds</strong>, Inc.Owner and President of Jim Wade HomesFirst American <strong>Funds</strong>’ Board of Directors is comprised entirely of independent directors.
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