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Wells Fargo Advantage Funds® Adds Institutional Share Classes for Six Domestic and International Mutual Funds

SAN FRANCISCO, CA – September 19, 2006 – Wells Fargo Funds Management, LLC, today announced the launch of institutional share classes for six mutual funds offered by Wells Fargo Advantage Funds.

"The addition of institutional share classes for these funds was driven by demand from plan sponsors and administrators of large retirement plans that are seeking to benefit from economies of scale," said Randy Henze, Senior Vice President and national sales manager for the Institutional and Money Market channels. "As retirement plan assets continue to grow across the industry, it is our goal to provide access to our premier investment managers while ensuring appropriate packaging and pricing for our clients."

The new institutional share classes will be applied to the following Wells Fargo Advantage Funds:

Domestic Funds

  • Wells Fargo Advantage Equity Value Fund
  • Wells Fargo Advantage Discovery FundSM
  • Wells Fargo Advantage Large Cap Appreciation Fund
  • Wells Fargo Advantage Small Mid Cap Value Fund

International Funds

  • Wells Fargo Advantage International Equity Fund
  • Wells Fargo Advantage International Value Fund

Stock funds should only be considered for long-term goals as values fluctuate in response to the activities of individual companies and general market and economic conditions. Some funds, including non-diversified funds and funds investing in foreign investments, small and mid cap stocks, and/or more volatile segments of the economy, entail additional risk and may not be appropriate for all investors. Consult a Fund's prospectus for additional information on these and other risks.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Wells Fargo Advantage Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.