Wachovia Preferred Funding Corp Informs Shareholders About Dividend Payable On 31 December 2008

Wachovia Preferred Funding Corp., an indirect subsidiary of Wachovia Corporation, declares dividend on series A preferred securities. Wachovia Preferred Funding Corp. is qualified as a real estate investment trust for federal income tax purposes. Its board of directors has declared

By None

Wachovia Preferred Funding Corp., an indirect subsidiary of Wachovia Corporation, declares dividend on series A preferred securities.

Wachovia Preferred Funding Corp. is qualified as a real estate investment trust for federal income tax purposes. Its board of directors has declared a regular quarterly dividend on its Series A 7.25% preferred securities. The dividend is equal to $0.453125 per Series A security.

The dividend is payable on 31 December 2008, to holders of record as of the close of business on 15 December 2008.

L.D.

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