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Investors   ■  Mutual Fund Investors  ■  Wells Fargo Funds

On July 23, 2004, Wells Fargo Management, LLC completed the adoption of the Cooke & Bieler mutual funds.

Through a sub-advisory agreement with Wells Fargo Funds Management, Cooke & Bieler is responsible for the investment management of these adopted mutual funds.

For more information about the funds, please visit the Wells Fargo Web site at:
www.wellsfargoadvantagefunds.com

You can also call:

1-800-222-8222

Wells Fargo Funds Management, LLC is the investment advisor to Wells Fargo Funds.

• Wells Fargo Advantage C&B Large Cap Value Fund
• Wells Fargo Advantage C&B Mid Cap Value Fund

A variety of share classes have been created to meet investors’ specific needs. The ticker symbols for the share classes are as follows:

Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for the Wells Fargo Advantage Funds®. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the Funds. The Funds are distributed by Stephens Inc., Member NYSE/SIPC. Wells Fargo & Company and its affiliates are not affiliated with Stephens Inc.

For more information, please call 1-800-222-8222

Mutual fund investing involves risk, including loss of principal. This material must be preceded or accompanied by a prospectus. Investors in the Wells Fargo Advantage C&B Funds should read the prospectus carefully before investing or sending money. To view or download the prospectus, which contains information on the Fund's objectives, risk factors, and charges and expenses, please visit: www.wellsfargoadvantagefunds.com/wfweb/wf/funds/reports.jsp