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Shareholders Approve Fundamental Policy Changes for California Tax-Free Money Market Funds; Funds to Be Renamed

On November 9, 2009, shareholders of the Wells Fargo Advantage California Tax-Free Money Market Fund and the Wells Fargo Advantage California Tax-Free Money Market Trust approved fundamental investment policy changes for their Funds. The changes will allow each Fund to invest any amount of its assets in municipal obligations with income that is subject to the federal alternative minimum tax (AMT). As a result of the changes, the Funds, under normal circumstances, will invest at least 80% of their net assets in municipal obligations that pay interest exempt from California individual income tax and regular federal income tax, but not necessarily from the federal AMT. Based on current market conditions, each Fund currently expects to invest only 35% to 40% of its assets in municipal obligations that are subject to the AMT. The investment policy changes will take effect on December 1, 2009. Currently, each Fund may invest up to 20% of its net assets in municipal obligations that pay interest subject to the federal AMT. The new policies will eliminate the 20% limitation.

Funds Will Be Renamed on December 1, 2009.
Effective December 1, 2009, the Funds will be renamed as follows:

Current Fund Name New Fund Name Share Class Fund Number CUSIP Ticker
Wells Fargo Advantage
California Tax-Free Money Market Fund
Wells Fargo Advantage
California Municipal Money Market Fund
A 29 94975H478 SGCXX
Service 253 94975H460 WFCXX
Institutional 3163 949921548 WCTXX
Wells Fargo Advantage
California Tax-Free Money Market Trust
Wells Fargo Advantage
California Municipal Money Market Trust
651 94975H452


The Funds will also make related changes to their investment objectives, principal investments, and principal investment strategies. The current investment objectives, principal investments, and principal investment strategies of the Funds will change to allow them to invest any amount of their assets in municipal obligations that pay interest subject to the federal AMT.

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 Fund seeks 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. A portion of the Fund's income may be subject to federal, state, and/or local income taxes or the alternative minimum tax (AMT). Any capital gains distributions may be taxable.

If you have questions, please contact your investment professional, trust officer, or Wells Fargo Advantage Funds Investor Services at 1-800-222-8222.