PRESS RELEASES

Wells Fargo Championship Donates $250,000 to the First Tee of Charlotte

Event's Contributions Grow to $4.2 Million in First Three Years

CHARLOTTE, N.C., October 18, 2005 – The Wells Fargo Championship today announced a donation of $250,000 to the First Tee of Charlotte.

The First Tee of Charlotte was established in 2001 and is part of 172 chapters and 210 facilities existing throughout the world that has introduced the game to over 450,000 children. Currently, the program operates at The Golf Village of Pineville. The facility provides a complete driving range, chipping green and putting green. In the future, the facility will move to an area in Revolution Park and will include a short course, a driving range, a chipping and putting green and a learning center.

“The First Tee of Charlotte is an important part of this community and we are glad we can help it grow,” said Wells Fargo Championship Tournament Director Kym Hougham. “This organization is developing accessible opportunities for young people of all backgrounds to learn life-enhancing values such as honesty, integrity and sportsmanship through the game of golf. It offers young people the chance to develop good character through this great game.”

In its first three years of existence, the Wells Fargo Championship has donated $4.2 million to Teach For America, the First Tee of Charlotte and other charities. The 2006 Wells Fargo Championship is scheduled for May 1-7, 2006.

“The Charlotte community has embraced the Wells Fargo Championship from the beginning and we are glad we can give something back,” said Hougham. “Not only is it our mission to raise money to help charitable causes, but the entire PGA TOUR is all about giving back and is closely aligned with First Tee programs around the world.”

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About the Wells Fargo Championship

The Wells Fargo Championship is one of the largest, most prestigious sporting events in the Charlotte region. Now leading up to its fourth year, the tournament is intended as an annual tradition that will bring customers, players and patrons back each year for an unforgettable golf experience. In a short three years, the national and international golf community has already recognized it as one of the top events on the PGA TOUR. The 2006 tournament will be held May 1-7. Sponsored by Wachovia Corporation (NYSE:WB), the tournament's $6.0 million purse is one of the largest on the PGA TOUR. A combination of Quail Hollow Club, the spirit of the Charlotte area community and the support of Wachovia are several reasons the Wells Fargo Championship has and should continue to draw many of the world's top golfers to Charlotte.

For more information, visit the tournament website, www.wachoviachampionship.com.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $532.4 billion, market capitalization of $73.9 billion and stockholders' equity of $46.8 billion at September 30, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,138 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 702 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are availablethrough Wachovia.com.

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