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New Underlying Fund Within the Wells Fargo Advantage WealthBuilder PortfoliosSM

Our portfolio managers regularly examine the underlying funds within the Wells Fargo Advantage WealthBuilder Portfolios. As a result of this ongoing process, effective August 8, 2007, the T. Rowe Price International Discovery Fund will be added as an underlying holding within all six Wells Fargo Advantage WealthBuilder Portfolios. This change adds small company exposure to the international equity investing styles of the WealthBuilder Portfolios, providing additional diversification and complementing the existing international large-cap growth, blend, and value styles that are already part the Portfolios. This addition also expands the team of international equity portfolio managers who support the WealthBuilder Portfolios.

The Wells Fargo Advantage WealthBuilder Portfolios continue to utilize the collective expertise of fund managers from these mutual fund families:

  • Wells Fargo Advantage Funds
  • DWS Funds
  • ING Funds
  • John Hancock Funds
  • Oppenheimer Funds
  • PIMCO
  • T. Rowe Price
  • Thornburg

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.