UNITED STATES
SECURITES AND EXCHANGE COMMISSION
Washington, D. C.  20549

FORM 13F

FORM 13F COVER PAGE

Report for the quarter ended:  March 31, 2001

Check here if Amendment [ ];  Amendment Number:
This amendment (check only one.)  [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     U.S. Bank, N.A.
Address:  601 Second Avenue South
          Minneapolis, MN  55402-4302

Form 13F File Number:  28-2267

The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information is true,
correct and complete, and that it is understood that all required
items, statements, schedules, charts, and tables, are considered
integral parts of this form.

Person signing this report on behalf of Reporting Manager:

Name:   Jennie P. Carlson
Title:  Executive Vice President
Phone:  (414) 765-5717

Signature, Place, and Date of Signing:



Jennie P. Carlson, Minneapolis, MN  May 14, 2001

Report Type (Check only one.):

[ ]  13F HOLDINGS REPORT

[X]  13F NOTICE

[ ]  13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:

Form 13F File Number   Name
28-00551               U.S. Bancorp