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Media Contact:   Mary Eshet
(704) 383-7777

Media Contact:   Christy Phillips Brown
(704) 383-8178

Investor Contact:   Alice Lehman
(704) 374-4139

Investor Contact:   Ellen Taylor
(704) 383-1381

Investor Contact:   Jeff Richardson
(704) 383-8250

May 20, 2005
WACHOVIA CEO KEN THOMPSON TO PARTICIPATE IN MERRILL LYNCH CONFERENCE CALL

CHARLOTTE, N.C. - Wachovia CEO Ken Thompson will participate in a Merrill Lynch Global Securities Research Conference Call on Monday, May 23, 2005. A replay of the conference call will be available beginning at 7:00 p.m. ET May 23, 2005 until 7:00 p.m. ET May 26, 2005. The replay numbers are 877-810-2665 (domestic) and 617-801-6881 (international). Please reference participant passcode: 21915709.

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $506.8 billion, market capitalization of $80.3 billion and stockholders' equity of $46.5 billion at March 31, 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 3,277 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 693 offices in 49 states and five Latin American countries. Our Corporate and Investment Bank serves clients primarily in 10 key industry sectors nationwide. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through Wachovia.com.

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