Mairs and Power Balanced Fund Board of Directors

Balanced Fund Board of Directors

The directors of the Mairs and Power Balanced Fund and their principal occupations for the last five years are set forth below. [Updated 1/28/08]

Name and Age	Positions Held with the Fund	Principal Occupations
William B. Frels, (68)	President (June 2004 - present) Director (1992 - present)	Chairman and CEO of the Investment Advisor (2007 - present) President of the Investment Advisor (2002 - 2007) Treasurer of the Investment Advisor (1996 - 2007) Vice President of the Investment Advisor
Norbert J. Conzemius, (66)	Board Chair (Feb. 2006 - present) Director (2000 - present)	Retired Chief Executive Officer, Road Rescue Incorporated, St. Paul, Minnesota
Charles M. Osborne, (54)	Audit Committee Chair (effective Feb. 2006) Director (2001 - present)	Chief Financial Officer, Fair Isaac Corporation (May 2004 - present) Vice President, University of Minnesota Foundation (2003 - 2004) Chief Financial Officer, University of Minnesota Foundation (2000 - 2004) Vice President and General Manager, MN (1999), Vice President Corporate Human Resources, IA (2000), McLeod USA/Ovation Communications
Edward C. Stringer, (72)	Director (2002 - present)	Attorney (2002 - 2005), Briggs and Morgan, P.A. Associate Justice, State of Minnesota Supreme Court (1994 - 2002)
Bert J. McKasy, (65)	Director (2006 - present)	Attorney (2000 - present), Lindquist & Vennum, P.L.L.P.

If you wish to contact any member of the Balanced Fund's Board of Directors, you may write them at this address:

c/o Mairs and Power Balanced Fund
332 Minnesota Street, Suite W-1520
St. Paul, MN 55101-1363