Fund Management
Wells Fargo Finalizes Mutual Fund Merger With Wachovia

Wells Fargo Funds Management has finalized the merger of the
mutual fund groups under Wells Fargo & Company and the former
Wachovia Corporation.
The combination of the Wells Fargo Advantage and Evergreen fund
families places Wells Fargo Advantage Funds as the eleventh
largest fund family in the US with $224.1 billion in assets under
management, the firm said in a release.
"The integration delivers several benefits to our current and
prospective clients. These benefits include a new array of
offerings that reflects the best investment capabilities from
both fund families, lower expenses for many shareholders, and an
enhanced ability to work closely with clients to help them reach
their financial goals," said
Karla Rabusch, the president of Wells Fargo Advantage
Funds.
The merger covered the reorganization of 27 Evergreen funds into
new Wells Fargo funds and the merger of 53 mutual funds from both
families. Some of Evergreen's former funds have also been
renamed.