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Wells Fargo Advantage Funds® and Evergreen Funds Win Seven Lipper Awards

SAN FRANCISCO – Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Advantage Funds and its affiliate, Evergreen Investment Management Company, LLC, the investment advisor to the Evergreen Funds, have announced that several of their funds have been named recipients of various annual Lipper Fund Awards. This year, Lipper Inc. presented Wells Fargo Advantage Funds with three Fund Awards and presented Evergreen Funds with four Fund Awards, all for Consistent Returns within each winner’s respective category as of December 31, 2009.

“We are pleased to again have multiple Lipper Fund Award winners from both the Wells Fargo Advantage Funds and the Evergreen Funds,” said Karla Rabusch, president of Wells Fargo Funds Management, LLC. “As we work towards uniting these two Fund families, we view this recognition as a testament to the strength of our product line and are excited at the prospects of combining both organizations for the benefit of our clients.”

The Wells Fargo Advantage Growth Fund, Institutional Class, was named the Best Multi-Cap Growth Fund, out of 357 funds, for the three-year period. Wells Capital Management Portfolio Managers Thomas Ognar, CFA, Bruce Olson, CFA, and Joseph Eberhardy, CFA, CPA oversee the Fund. Ognar has managed the Fund since 2002 and has 16 years of experience. Olson has managed the Fund since 2005 and has 24 years of experience; Eberhardy has managed the Fund since 2008 and has 17 years of experience.

The Wells Fargo Advantage Short-Term Municipal Bond Fund, Investor Class, received two awards. The Fund was named the Best Short Municipal Debt Fund, out of 50 funds, over the five-year period, as well as the Best in this Lipper Classification, out of 26 funds, for the comparative ten-year period. Wells Capital Management portfolio managers Lyle Fitterer, CFA, CPA and Wendy Casetta oversee the Fund. Fitterer has 20 years of experience and has managed the Fund since 2000. Casetta has 17 years of experience and has managed the Fund since 2007.

The Evergreen International Bond Fund, Institutional Class, also received two awards. The Fund was named the Best International Income Fund, out of 63 funds, for the three-year period as well as the Best in this Lipper Classification, out of 35 funds, for the ten-year period. First International Advisors portfolio managers Anthony Norris, Peter Wilson, Alex Perrin, and Michael Lee oversee the Fund. All four managers have managed the Fund since 1993 and have a combined average of 30 years of experience.

The Evergreen Large Company Growth Fund, Institutional Class, was named the Best Large-Cap Growth Fund, out of 684 funds, for the three-year period. Evergreen Investment Portfolio Manager Aziz Hamzaogullari, CFA oversees the Fund. Hamzaogullari has managed the Fund since 2006 and has 17 years of experience.

The Evergreen Precious Metals Fund, Institutional Class, was named the Best Gold-Oriented Fund, out of 56 funds, over the three-year period. Evergreen Investment portfolio manager Michael Bradshaw oversees the Fund. He has 15 years of experience and has managed the Fund since 2007.

About the Lipper Awards
The Lipper Fund Awards recognize funds in 21 countries in Asia, Europe, the Middle East and North Africa, and the Americas. Lipper designates award-winning funds in most individual classifications for 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, visit www.evergreeninvestments.com for Evergreen Funds. Read the prospectus carefully before investing.

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