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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number     811-21271

First American Strategic Income Portfolio Inc.

(Exact name of registrant as specified in charter)

800 Nicollet Mall, Minneapolis, MN	55402
(Address of principal executive offices)	(Zip code)

Kathleen L. Prudhomme, Deputy General Counsel
U.S. Bancorp Asset Management
800 Nicollet Mall
Minneapolis, MN 55402

(Name and address of agent for service)

Registrant’s telephone number, including area code: 612-303-3738

Date of fiscal year end: N/A

Date of reporting period: 7/1/03 – 6/30/04

Item 1.     Proxy Voting Record.

The registrant is a newly-formed closed-end investment company established for use in connection with a proposed merger of American Strategic Income Portfolio Inc., American Strategic Income Portfolio Inc. II, American Strategic Income Portfolio Inc. III and American Select Portfolio Inc. (collectively, the Funds) into First American Strategic Real Estate Portfolio Inc. (the REIT). Shareholders of the approving Funds who do not wish to receive REIT shares can elect to receive, instead, shares of the registrant. Because the proposed merger has not yet been submitted to shareholders for a vote, registrant held no securities during the period covered by this report. Accordingly, there are no proxy votes to report.

SIGNATURES

        Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)    First American Strategic Income Portfolio Inc.

By   (Signature and Title)*	/s/   Joseph M. Ulrey III
	Joseph M. Ulrey III, Treasurer

Date    November 5, 2004

*Print the name and title of each signing officer under his or her signature.

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