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New Alternative Investment Funds Selected for Wells Fargo Advantage WealthBuilder PortfoliosSM

On June 21, 2007, we announced some changes to the Wells Fargo Advantage WealthBuilder Portfolios that allow the use of alternative investments. On June 27, 2007, two new underlying mutual funds – the ING Global Real Estate Fund, a global real estate investment trust (REIT) fund, and the PIMCO CommodityRealReturn Strategy Fund, a commodities fund – were added to the four Wells Fargo Advantage WealthBuilder Portfolios listed below:

  • Wells Fargo Advantage WealthBuilder Growth Allocation PortfolioSM
  • Wells Fargo Advantage WealthBuilder Growth Balanced PortfolioSM
  • Wells Fargo Advantage WealthBuilder Moderate Balanced PortfolioSM
  • Wells Fargo Advantage WealthBuilder Conservative Allocation PortfolioSM

The Wells Fargo Advantage WealthBuilder Tactical Equity PortfolioSM and the Wells Fargo Advantage WealthBuilder Equity PortfolioSM were not impacted by this change.

The initial combined allocation for each of the four WealthBuilder Portfolios is 5% (3% PIMCO CommodityRealReturn Strategy Fund and 2% ING Global Real Estate Fund). However, each Portfolio’s new investment policy permits up to a 10% allocation in alternative investments.

About the Wells Fargo Advantage WealthBuilder Portfolios
The Wells Fargo Advantage WealthBuilder Portfolios were first introduced in 1997 and are part of our long history of pioneering asset allocation strategies. The Portfolios in the series utilize a fund-of-funds approach composed of both proprietary and nonproprietary mutual funds and offer investors a range of portfolios to match their risk profile. The portfolio managers apply the disciplines of Tactical Asset Allocation and Tactical Equity Allocation modeling to help manage risk and to capitalize on rotating market cycles.

Balanced funds may invest in stocks and bonds. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond 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 values fall and investors may lose principal value. 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). These Portfolios are exposed to one or more of the following risks: foreign investment risk, high-yield securities risk, and small company investment risk. Consult the Wells Fargo Advantage WealthBuilder Portfolios' prospectus for additional information on these and other risks.