Two in BB&T Funds lineup recognized as top performers by Lipper Inc.

RALEIGH, N.C., April 29 /PRNewswire-FirstCall/ -- Two funds in the BB&T Funds
lineup have received prestigious Lipper Fund Awards based on multi-year,
risk-adjusted performance. Lipper, a leading global research firm, presented
the awards at a ceremony earlier this month in New York City.

The award-winning funds and their categories were:

-- BB&T Virginia Intermediate Tax-Free Fund; I (BVATX): Best Other
States Intermediate Muni Debt - over the three- and five-year periods
ending Dec. 31 (among 128 and 123 funds, respectively)

-- BB&T Equity Income Fund; B (BEIBX): Equity Income - over the
three-year period ending Dec. 31 (among 230 funds)

"We're extremely pleased for shareholders of these funds," said Jeffrey
Schappe, chief investment officer for Raleigh, N.C.-based BB&T Asset
Management. "One of our primary goals is to provide clients with high quality
performance. These awards certainly recognize that we continually strive to
achieve those goals."

The BB&T Virginia Intermediate Tax-Free Fund is managed by Bob Millikan,
director of fixed income for BB&T Asset Management. The fund seeks capital
growth and current income. Millikan also manages additional five
state-specific tax-free funds (Kentucky, Maryland, North Carolina, South
Carolina and West Virginia).

Millikan and his team have more than seven decades of combined investment
management experience and have managed the BB&T Virginia Intermediate Tax-Free
Fund since 2000.

The BB&T Equity Income Fund is managed by George Shipp, chief investment
officer for Scott & Stringfellow, subadvisor to the fund and an affiliate of
BB&T Asset Management. The fund seeks capital growth and current income.

Shipp and his team at Scott & Stringfellow have more than four decades of
combined investment management experience and have managed the BB&T Equity
Income Fund since its inception in 2004. The team also acts as a subadvisor to
the BB&T Special Opportunities Equity Fund.

The Lipper Fund Awards are awarded to funds in 21 countries in the Americas,
Asia, Europe, the Middle East and North Africa. Lipper designates
award-winning funds in most individual classifications for three-, five-, and
10-year periods. The Lipper Fund Awards program also spotlights fund families
with high average scores for all funds within a particular asset class or
overall. Past performance is not indicative of future results and high ratings
do not guarantee favorable performance.

BB&T Asset Management, a wholly owned subsidiary of Winston-Salem, N.C.-based
BB&T Corporation (NYSE: BBT), serves as investment adviser to the BB&T Funds
and is paid a fee for its services. The funds are distributed by BB&T AM
Distributor Inc., which is not affiliated with BB&T Corp. principal subsidiary
Branch Banking and Trust Company or its affiliates.

The BB&T Funds offer 25 mutual funds covering a broad spectrum of equity and
fixed-income styles, including value and growth stock funds targeting the
large-cap, mid-cap and small-cap sectors, and bond funds focusing on the
government, corporate and municipal markets. Two money market funds also are
included in the lineup. The funds had more than $5 billion in assets under
management as of Dec. 31.

An investment in a money market fund is neither insured nor guaranteed by the
FDIC or any other government agency. Although the Fund seeks to preserve the
net asset value of $1 per share, it is possible to lose money by investing in
the Fund.

Mutual fund investing involves risk, including the possible loss of principal.
Tax-free municipal bond funds may be subject to certain state and local taxes
and depending on an investor's tax status, to the federal alternative minimum
tax.

Carefully consider the investment objectives, risks, charges and expenses of
the BB&T Funds before investing. For a prospectus, call 1-800-228-1872 or
visit www.bbtfunds.com. Carefully read the prospectus before investing.

With $143.4 billion in assets, Winston-Salem, N.C.-based BB&T Corporation
(NYSE: BBT) is the nation's 11th largest financial holding company. Founded in
1872, it operates more than 1,500 financial centers in 11 states and
Washington, D.C. More information about the company is available at BBT.com.

SOURCE BB&T Corporation

Jeffrey Schappe, Chief Investment Officer, BB&T Asset Management,
+1-919-716-6249, George F. Shipp, Chief Investment Officer, Scott &
Stringfellow Inc., +1-757-417-4900, Robert Millikan, Fixed Income Dir., BB&T
Asset Mgmt., +1-919-716-9244, Jeff Nichols, Vice President, BB&T Corp. Comm.,
+1-336-733-1472