Multiple memory banks design is employed in many high performance DSP processors. This architectural feature supports higher memory bandwidth by allowing multiple data memory access to be executed in parallel. Dedicated address generation units (AGUs) are commonly presented in DSPs to perform address arithmetic in parallel to the main datapath. Address assignment, optimization of memory layout of program variables to reduce address arithmetic instruction, has been studied extensively on single memory architecture. Make effective use of AGUs on multiple memory banks is a great challenge to compiler design and has not been studied previously. In this paper, we exploit address assignment with variable partitioning for scheduling on DSP architectures with multiple memory banks and AGUs. Our approach is built on novel graph models which capture both parallelism and serialism demands. An efficient scheduling algorithm, Address Assignment Sensitive Variable Partitioning (AASVP), is proposed...