SAN FRANCISCO, Oct. 20 /PRNewswire-FirstCall/ -- The Wells Fargo Advantage Funds(SM) Web site has been honored with nine STAR Awards from the Mutual Fund Education Alliance (MFEA), including the award for Best Overall Communications by a Large Company. The awards were announced Wednesday night as part of the MFEA's Tenth Annual STAR Awards Celebration and include high recognition for both the fund complex's Investment Professionals and Individual Investors Web sites.

Wells Fargo Advantage Funds received the following nine awards in the Large Company category:

     --   Best Overall Communications
     --   Best Online Retirement Center
     --   Best Online Planning Center
     --   Best Online Shareholder Services
     --   Best Online Innovation
     --   Best Electronic Advisor Newsletter
     --   Best Advisor Website
     --   Best Online Advisor Services
     --   Best Advisor Website Home Page

For the second year in a row, the Wells Fargo Advantage Funds Investment Professionals Web site was presented with the Best Advisor Services and Best Advisor Home Page awards. In addition, the Individual Investor site received the Best Planning Center award for the second year in a row.

"Each year, the STAR Awards provide valuable feedback and recognition for our marketing efforts, both offline and online," said Martha Smolen, senior vice president and head of Marketing for Wells Fargo Advantage Funds. "We feel honored to have again received recognition for our efforts to innovate and create effective communication for our clients."

The MFEA's annual STAR Awards recognize mutual fund companies for outstanding investor communications, education, and support. Each year, the MFEA examines the best educational materials, both in print and electronic, in the mutual fund industry and then asks industry judges to select from the best. In 2006, 30 different companies were recognized for excellence in 28 categories ranging from best annual report to best online innovation and to the coveted best overall award.

Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage Funds. The firm manages 120 mutual funds across a wide range of asset classes, representing more than $116.8 billion in assets under management, as of 9-30-06. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Funds are distributed by Wells Fargo Funds Distributor, LLC, Member NASD/SIPC, an affiliate of Wells Fargo & Company.

Carefully consider a fund's investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, call 1-800-222-8222 or visit our Web site, www.wellsfargo.com/advantagefunds. Read it carefully before investing.

101211 10-06

            NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE

Source: Wells Fargo Funds Management, LLC