Distributions

Listed below are estimated distribution amounts for the short- and long-term 2009 capital gains distributions for Wells Fargo Advantage Funds^®. A shareholder's actual capital gains for 2009 tax-reporting purposes will be stated on Form 1099-DIV, which is expected to be mailed to shareholders in January. Please also remember that tax rules may not apply in the same way to everyone, and you should consult with a tax advisor about your individual financial situation.

Learn more about capital gains distributions by reading our FAQ.

Only Funds that are expected to make a distribution are listed. Estimates shown apply to all share classes of the Funds. NAVs shown are for Class A shares, unless otherwise indicated and are as of 9-30-09.

Mutual fund investing involves risks, including the possible loss of principal. Consult a Fund's prospectus for additional information on risks.

Account owners as of the record date will receive the capital gains distribution. The ex-date is the date when the NAV will be adjusted by the amount of the capital gains distribution. The payable date is the date when the distribution will be credited to the account.

LARGE CAP STOCK FUNDS
					Short-Term Capital Gains Per Share		Long-Term Capital Gains Per Share		NAV at 9-30-09		Estimated Short-Term & Long-Term Total % of NAV
	Growth Equity		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		–		0.00–0.03		10.32		0.02%
ASSET ALLOCATION FUNDS
					Short-Term Capital Gains Per Share		Long-Term Capital Gains Per Share		NAV at 9-30-09		Estimated Short-Term & Long-Term Total % of NAV
	Target 2010*		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		–		0.00–0.03		11.95		0.01%
	Target 2020*		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		–		0.00–0.03		12.35		0.02%
	Target 2030*		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		–		0.00–0.03		12.35		0.02%
	Target 2040*		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		–		0.00–0.03		13.21		0.03%
	Target 2050*		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		0.01–0.07		0.00–0.05		7.891		0.76%
INCOME FUNDS
					Short-Term Capital Gains Per Share		Long-Term Capital Gains Per Share		NAV at 9-30-09		Estimated Short-Term & Long-Term Total % of NAV
	Diversified Bond		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		0.00–0.04		–		23.781		0.05%
	Government Securities		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		0.06–0.12		–		10.87		0.84%
	Total Return Bond		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		0.11–0.17		–		13.05		1.11%
MUNICIPAL INCOME FUNDS
					Short-Term Capital Gains Per Share		Long-Term Capital Gains Per Share		NAV at 9-30-09		Estimated Short-Term & Long-Term Total % of NAV
	Minnesota Tax-Free		Record Date: 12-10-09 Ex-Date: 12-11-09 Payable Date: 12-14-09		–		0.00–0.04		10.85		0.10%

¹ NAV is Administrator Class
*The Wells Fargo Advantage Dow Jones Target 2010 Fund^SM is referred to as the Target 2010 Fund.
*The Wells Fargo Advantage Dow Jones Target 2020 Fund^SM is referred to as the Target 2020 Fund.
*The Wells Fargo Advantage Dow Jones Target 2030 Fund^SM is referred to as the Target 2030 Fund.
*The Wells Fargo Advantage Dow Jones Target 2040 Fund^SM is referred to as the Target 2040 Fund.
*The Wells Fargo Advantage Dow Jones Target 2050 Fund^SM is referred to as the Target 2050 Fund.

"Dow Jones" and "Dow Jones Target Date Indexes" are service marks of Dow Jones & Company, Inc., and have been licensed for use for certain purposes by Global Index Advisors, Inc, and Wells Fargo Funds Management, LLC. The Dow Jones Target Date Indexes are based in part on the Barclays Capital Bond Indexes, which are published by Barclays Capital Inc. The Wells Fargo Advantage Dow Jones Target Date Funds, based on the Dow Jones Target Date Indexes, are not sponsored, endorsed, sold, or promoted by Dow Jones or Barclays Capital, and neither Dow Jones nor Barclays Capital makes any representation regarding the advisability of investing in such product(s) and/or about the quality, accuracy, and/or completeness of the Dow Jones Target Date Indexes or the Barclays Capital Bond Indexes. IN NO EVENT SHALL DOW JONES, BARCLAYS CAPITAL, OR ANY OF THEIR LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds®, an EdVestSM program description (PDF), and a tomorrow's scholar® program description (PDF). For 529 plans, an investor's or a designated beneficiary's home state may offer state tax or other benefits that are only available for investments in that state's qualified tuition program. Please consider this before investing. Not FDIC Insured  •  No Bank Guarantee  •  May Lose Value ©2009 Wells Fargo Funds Management, LLC. All rights reserved. EdVest and tomorrow's scholar are state-sponsored 529 college savings plans administered by the Wisconsin Office of the State Treasurer. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Managed Account Services, Wells Fargo Advantage Funds, and the EdVest and tomorrow's scholar plans. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Funds and shares in the 529 plans are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company. This Web site is for information purposes only and is not intended as a solicitation to sell or buy any security. Wells Fargo Advantage Funds are offered by prospectus and only to residents of the United States. Wells Fargo does not control or endorse and is not responsible for third-party Web sites to which this site links. Terms of Use | PRIVACY POLICY | Proxy Policies & Voting Records | Security Policy Wells Fargo Advantage Funds 1-800-359-3379