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Media Contact: Leah Dering
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October 27, 2003
Wachovia to Host Two Exhibit Booths, Sponsor 2003 Pinnacle Awards at the 24th Annual AFP Conference

Charlotte, NC - Wachovia announced today its participation in the 24th Annual Association for Financial Professionals Conference, the nation's premiere conference for treasury and finance professionals, scheduled for Nov. 2-5 in Orlando.

"The Annual AFP Conference provides us with a wonderful opportunity to showcase our innovative and market-leading cash management solutions," said Ranjana Clark, Executive Vice President and head of Wachovia's Treasury Services Division. "We are excited to host two booths this year and to be able to hear, firsthand, from many of our clients. The AFP Conference also gives us the opportunity to hear from a host of other corporations about their impressions and expectations for next year as it relates to treasury management."

Wachovia's Treasury Services Group will host two displays at this year's conference, including one exhibit booth for demonstrations of its payables and receivables solutions, such as Electronic Check Conversion, E-Box, Positive Payee Match and Wachovia Connection®.

In a recent survey of middle- and large-corporate customers by independent surveyor Phoenix Hecht, 15 out of 18 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 three for market share in Ernst & Young's survey.

Recently, Wachovia Connection was voted 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."

Several Wachovia executives will lead information sessions at this year's conference, including:

Henry Waszkowski, Senior Vice President and head of Wachovia's Treasury & Financial Consulting Group, "What is Your Relationship Worth to Your Bank? Understanding Commonly Used Approaches"
Scott Leavitt, Vice President, Client Development, "Treasury Management: Fresh Ideas & Innovative Practices"
Craig Jeffrey, Senior Vice President, Treasury & Financial Consulting, "Creating Financial Transparency for Fun and Profit"
Francine Smith, Client Management Sales Support Officer, "The Bank Score Card: Six Continent Hotel's Blueprint for Optimizing a Banking Relationship".

Along with Clark, a number of Wachovia executives will attend the AFP this year including Michael Daley, Head of the Product Solutions Group; Roger Pearce, Head of Client Management; and leaders of Wachovia 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.

For the seventh year running, Wachovia will sponsor the 2003 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.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $389 billion and stockholders' equity of $33 billion at Sept. 30, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Wachovia is also the nation's second-largest treasury management services provider for both domestic and international treasury management and consulting services. Cash flow solutions include, among other products, e-commerce, integrated payables and receivables, information reporting via Web or PC, and risk management. Its broker-dealer, Wachovia Securities, LLC, serves clients in 48 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services also are available through Wachovia.com.