Wells Fargo Advantage Asia Pacific Fund and Wells Fargo Advantage Intermediate Tax-Free...

Wells Fargo Advantage Asia Pacific Fund and Wells Fargo Advantage Intermediate
Tax-Free Fund Win Lipper Awards

SAN FRANCISCO, April 10 /PRNewswire/ -- For the third consecutive year,
Wells Fargo Advantage Funds(R) have been named a recipient of an annual Lipper
Fund Award. This year, the Wells Fargo Advantage Asia Pacific Fund has been
recognized as the Best Pacific Region Fund over the three-year period and the
Wells Fargo Advantage Intermediate Tax-Free Fund has been named the Best
Intermediate Municipal Debt Fund over the five-year period by Lipper, Inc.
"We've always strived to provide clients with management teams who are
best
of the breed in their respective areas of expertise," said Karla Rabusch,
president of Wells Fargo Advantage Funds. "We believe our history of wining
these awards validates our rigorous manager selection and investment process."
The Wells Capital Management Asia Pacific Equity team, led by portfolio
manager Anthony Cragg, oversees the Wells Fargo Advantage Asia Pacific Fund.
Cragg has managed the Fund since its inception in 1993 and has more than 25
years of experience in international equity investing, including developed and
emerging markets.
The Wells Capital Management Municipal and Customized Fixed Income team,
led
by portfolio manager Lyle Fitterer and co-managed by Wendy Casetta, oversees
the
Wells Fargo Advantage Intermediate Tax-Free Fund. Fitterer and Casetta each
have
more than 15 years of experience in the investments industry. The same Fund
was
also the 2006 winner of the Lipper Fund Award for its consistent return over
the
three-year period in the Intermediate Municipal Debt category.
In 2007, the Wells Fargo Advantage WealthBuilder Tactical Equity Portfolio
was recognized by Lipper as the Best Large-Cap Growth Fund over the three-year
period. The Wells Capital Management WealthBuilder Portfolio management team,
led by portfolio managers Jeffrey Mellas, Galen Blomster, and Doug Beath,
manage
the Fund, applying their proprietary Tactical Equity Allocation (TEA) Model to
the Portfolio.
For each of the three-, five-, and ten-year periods, Lipper presents
annual
awards to funds in each Lipper category for the consistent achievement of
strong, risk-adjusted returns.
About the Lipper Awards
The Lipper Fund Awards are awarded to funds in 21 countries in Asia,
Europe,
and the Americas. Lipper designates award-winning funds in most individual
classifications for the three-, five-, and ten-year periods. In addition, the
Lipper Fund Awards program spotlights fund families with high average scores
for
all funds within a particular asset class or overall.
Lipper Leader scores are derived from highly sophisticated formulas that
analyze funds against clearly defined criteria. Funds are compared to similar
funds, and only those that truly stand out are awarded Lipper Leader status.
Funds are ranked against their peers on each five measures: Total Return,
Consistent Return, Preservation, Tax Efficiency, and Expense. Source: Lipper
Stock fund values fluctuate in response to the activities of individual
companies and general market and economic conditions. Bond fund values
fluctuate
in response to the financial condition of individual issuers, general market
and
economic conditions, and changes in interest rates. In general, when interest
rates rise, bond fund values fall and investors may lose principal value. Some
funds, including nondiversified funds and funds investing in foreign
investments, high-yield bonds, small and mid cap stocks, and/or more volatile
segments of the economy, entail additional risk and may not be appropriate for
all investors. Consult a Fund's prospectus for additional information on these
and other risks.
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
http://www.wellsfargo.com/advantagefunds. Read it carefully before investing.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo
& Company, offers investment solutions for individual and institutional
investors. Through its Wells Fargo Advantage Funds(R), the firm offers 120
mutual funds across a wide range of asset classes representing more than
$152.89
billion in assets under management, as of 03-31-08. Wells Fargo Funds
Management, LLC, provides investment advisory and administrative services for
Wells Fargo Advantage Funds. 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 FINRA/SIPC, an affiliate of Wells Fargo &
Company.
NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE
SOURCE Wells Fargo Funds Management, LLC

John Roehm of Wells Fargo Funds Management, LLC, +1-415-222-5338