Income accrual resumes and a distribution will be declared for Wells Fargo Advantage Inflation-Protected Bond Fund
The Wells Fargo Advantage Inflation-Protected Bond Fund resumed accruing income effective September 24, 2010. As previously communicated, the Fund stopped accruing daily dividends on August 16, 2010, due in part to a low inflationary environment in which the inflation-indexed holdings of the Fund were not able to generate enough income to support a distribution.While inflation continues to remain low, enough nominal income has accrued from the Treasury Inflation-Protected Bonds in the portfolio to be paid out to shareholders. Therefore, the Fund will Declare a distribution. Since the Fund's income is accrued daily, the distribution will include the earnings for the period of September 24–30, 2010. The ex-date will be September 30, 2010, with the income payable on October 1, 2010.
The most recent yield information for the Fund can be found on our Web site at www.wellsfargo.com/advantagefunds.
Fund Information
| Wells Fargo Advantage Inflation-Protected Bond Fund Share Class | Ticker | CUSIP |
| Class A | IPBAX | 94975J730 |
| Class B | IPBBX | 94975J722 |
| Class C | IPBCX | 94975J714 |
| Administrator Class | IPBIX | 94975J698 |
Bond fund values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. In general, when interest rates rise, bond fund values fall and investors may lose principal value. The principal value of and interest payments on inflation-protected debt securities tend to fall with the rate of inflation. The use of derivatives may reduce returns and/or increase volatility. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This Fund is exposed to mortgage- and asset-backed securities risk. Consult the Fund's prospectus for additional information on these and other risks.