Wells Fargo’s Mutual Fund Family to Be Renamed Wells Fargo Advantage Funds
San Francisco — January 25, 2005
Wells Fargo Funds Management, LLC – part of Wells Fargo & Company (NYSE: WFC) – announced today it will rename its mutual fund family the Wells Fargo Advantage FundsSM when the merger of the Wells Fargo Funds® and certain Strong Funds is completed next quarter. Wells Fargo’s acquisition of $29 billion in assets under management from Strong Financial Corporation, including $24 billion in mutual fund assets, was completed on December 31, 2004, creating the nation’s 20th largest mutual fund company. “Because our fund family is built on the principle of selecting an exceptional portfolio manager for each investment style, Wells Fargo Advantage Funds investors can leverage the specialized expertise of independent investment teams who are backed by the strength, stability and integrity of Wells Fargo,” said Karla Rabusch, president of Wells Fargo Funds. “We’re proud to offer our shareholders the combined talent of so many leading portfolio managers along with pacesetting customer service.” The Wells Fargo Advantage Funds will feature a comprehensive selection of 120 mutual funds across all major asset classes and investment styles, with particular strengths in growth and value stock, fixed-income and asset allocation offerings. Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Funds and Strong Funds, has approximately $100 billion in mutual fund assets under management as of 1/1/05. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Wells Fargo Funds Management, LLC, a wholly-owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for the Wells Fargo Funds. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the Funds. The Funds are distributed by STEPHENS INC., Member NYSE/SIPC. Wells Fargo & Company and its affiliates are not affiliated with Stephens Inc. The Strong Funds are distributed by Strong Investments, Inc. an affiliate of Strong Financial Corporation. Strong Financial Corporation and its affiliates are not affiliated with Stephens Inc.For a prospectus containing more complete information, including charges and expenses, call 1-800-222-8222. Please consider the investment objectives, risks, charges and expenses of the investment carefully before investing. This and other information about Wells Fargo Funds can be found in a current prospectus. Read the prospectus carefully before you invest or send money. Please carefully consider a Strong Fund’s investment objectives, risks, charges, and expenses before investing. For this and other information, call 1-800-368-3863 or visit www.Strong.com for a free prospectus. Please read it carefully before you invest or send money.