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Business Continuity Disclosure Statement

Wells Fargo Funds Distributor (WFFD) is providing you with this document to inform you of its ability to respond to certain business disruptions. WFFD, is a limited purpose broker-dealer that provides wholesale mutual fund distribution services, conducts a direct-to-fund business through Boston Financial Data Services, and sells municipal fund securities. WFFD does not hold customer accounts, funds or securities of any kind. WFFD is a wholly owned subsidiary of Wells Fargo Investment Group, Inc., which is a wholly owned subsidiary of Wells Fargo & Company.

Consistent with WFFD's business continuity plan, back-up facilities are maintained in separate geographic locations from its primary facilities. Using these back-up facilities, WFFD intends to continue its business in the event of a significant business disruption. Nevertheless, there are some disruptions that may render WFFD unable to continue business. Under such circumstances, WFFD will ensure that clients will be able to access their funds and securities within a reasonable time.

In the event of a business disruption, clients may call our general toll free phone number at 1-800-222-8222 for updates. A copy of this disclosure statement is posted to www.wellsfargo.com/advantagefunds, keyword: BCP. Alternatively, clients may request that WFFD send them a copy of a current disclosure statement by mail by calling the general telephone number.

The following sections describe specific events and WFFD's corresponding general response to those events. Clients, however, should note that these responses are subject to modification and, depending on the severity of a specific event, WFFD cannot guarantee that it will be able to follow the stated course of action.

A Disruption to a Single Building

This disruption may be caused by physical damage, technology problems, or an inability to have personnel arrive at the office. Because some buildings, such as the home office, are more critical to sustained operations, WFFD's ability to resume business following a business disruption to a specific building depends on the affected building. If the location is unusable, WFFD will relocate to alternate facilities. WFFD expects only minimal delays from the transfer of operations. If there is a disruption to the home office, WFFD expects that operations could be disrupted for up to two (2) hours. However, specific circumstances could result in a longer delay.

A Firm-Only Business Disruption

In the event that there is a significant business disruption to the internal primary systems, WFFD will transfer its operations to its back-up facilities. In this process, clients may experience a minor delay in reaching WFFD due to increased client calls, technology delays, or other minor difficulties arising from the transfer of operations. WFFD expects that any delay will be less than two (2) hours. However, specific circumstances could result in a longer delay.

A Business District, Citywide, or Regional Disruption

In the event that there is a significant business disruption that affects the business district, city, or region where any of WFFD's primary systems are located, WFFD will transfer its operations to its back-up facilities. In this process, clients may experience a minor delay in reaching WFFD due to increased client calls, technology delays, or other minor difficulties arising from the transfer of operations. WFFD expects that any delay will be less than two (2) hours. However, specific circumstances could result in a longer delay.