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Media Contact:   Mary Eshet
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Media Contact:   Christy Phillips Brown
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Investor Contact:   Alice Lehman
(704) 374-4139

May 12, 2003
Wachovia CEO Ken Thompson to Present at Morgan Stanley Financial Services "CEOs Unplugged" Conference

CHARLOTTE, N.C. - Wachovia CEO Ken Thompson will present at Morgan Stanley Financial Services "CEOs Unplugged" Conference on Thursday, May 15, 2003. This presentation will be available via live audio webcast beginning at 10:15 a.m. EDT through Wachovia's Investor Relations home page at www.wachovia.com/investor. A replay of the webcast will be available beginning May 15, 2003, at 12:15 p.m. EDT until June 15, 2003, at 5 p.m. EDT.

Wachovia Corporation (NYSE:WB), created through the September 1, 2001, merger of First Union and Wachovia, had assets of $348 billion and stockholders' equity of $32 billion at March 31, 2003. Wachovia is a leading provider of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 48 of the 50 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com.

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