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Media Contact: Leah Dering
704-383-0551

November 02, 2004
Wachovia Leaders to Attend the 25th Annual AFP Conference
Wachovia to sponsor Pinnacle Award and speakers

CHARLOTTE, NC -Wachovia announced today its participation in the 25th annual Association for Financial Professionals (AFP) conference, the nation's premier conference for treasury and finance professionals, scheduled for Nov. 7-10 in San Diego.

"The annual AFP Conference provides us a wonderful opportunity to hear directly from our clients. It is the perfect venue to engage in a meaningful dialogue about challenges and opportunities we see on the horizon that may affect all treasury and cash managers," said Ranjana Clark, Executive Vice President and head of Wachovia's Treasury Services division.

For the eighth consecutive year, Wachovia will sponsor the 2004 Pinnacle Awards. The Pinnacle Awards are designed to recognize companies that have demonstrated innovation, insightful use of technology and strategic partnering to implement creative treasury services solutions in their companies.

In addition, Wachovia executives will lead educational sessions at this year's conference, including:

Shena Corbett-Worthy, Vice President, Wachovia's Treasury Services Division, and Maureen Elworthy, Retail Treasurer Manager, Ahold USA, "National Depository Systems"

Jay Bryson, Wachovia's Global Economist, "Global Economic Trends and Their Impact on International Treasury"

Along with Clark, a number of Wachovia's Treasury Services executives will attend the AFP this year including Michael Daley, Head of the Product Solutions Group; Brian Lambert, Head of Business Development; and leaders of Wachovia's Treasury Services' International, Payables, Receivables, Information Access and Investment Solutions Teams. Colleagues from Evergreen Investments, a Wachovia Corporation subsidiary, will also be present at the conference.

In a recent survey of upper-middle and large corporate customers by independent surveyor Phoenix Hecht, 20 out of 26 of Wachovia's treasury service products ranked "A" or "A+". Additionally, ten of the bank's 12 key treasury product capabilities are ranked in the top four for market share in Ernst & Young's survey.

Recently, Wachovia Connection was named, for the second consecutive year, the "Best Corporate/Institutional Online Cash Management Service in North America" by Global Finance, and the most recent Bank Leader Survey placed Wachovia's Treasury Services Number 2 for "Overall Satisfaction" and "Overall Quality of Customer Service."

About Wachovia

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 retail brokerage operations nationwide. Wachovia had assets of $436.7 billion, market capitalization of $61.4 billion and stockholders' equity of $33.9 billion at September 30, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 12 million client relationships (including households and businesses), primarily in 11 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through Wachovia.com.