First American Strategic Real Estate Portfolio Inc.
c/o U.S. Bancorp Asset Management, Inc.
800 Nicollet Mall, BC-MN-H05F
Minneapolis, MN 55402



July 26, 2005



VIA EDGAR

U.S. Securities and Exchange Commission
Division of Corporate Finance
450 Fifth Street, N.W.
Washington, D.C.  20549

RE:      First American Strategic Real Estate Portfolio Inc.
         Registration Statement on Form S-4
         File No. 333-85338

Ladies and Gentlemen:

Pursuant to Rule 477 under the Securities Act of 1933, as amended, First
American Strategic Real Estate Portfolio Inc. (the "Company") respectfully
requests the withdrawal of its above-referenced registration statement on Form
S-4 filed on April 1, 2002 and amended on May 24, 2002, December 26, 2002 and
April 22, 2003, together with all exhibits thereto, effective immediately. No
securities were sold in connection with the offering contemplated by the
registration statement.

The Company is a specialty real estate finance company that was formed in
connection with the proposed merger of four closed-end investment companies,
American Strategic Income Portfolio Inc., American Strategic Income Portfolio
Inc. - II, American Strategic Income Portfolio Inc. - III, and American Select
Portfolio Inc. (together, the "Funds"), into the Company. We are requesting
withdrawal of the Company's registration statement because the Board of
Directors of the Funds, in consultation with U.S. Bancorp Asset Management, the
investment adviser to the Funds, has decided not pursue the proposed merger.

Please contact me at 612-303-3738 if you need any additional information to
consent to our request to withdraw the Company's registration statement.

Sincerely,

/s/ Kathleen L. Prudhomme

Kathleen L. Prudhomme
Secretary