Full title of the plan and the address of the plan, if different from that of the issuer named below: WACHOVIA SAVINGS PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Report of Independent Registered Public Accounting Firm Financial Statements: Consent of Independent Registered Public Accounting Firm.

Loan payable - Employee Stock Ownership Plan - unallocated. STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS. Under the Plan, an employee is eligible to make contributions beginning on the first month in which the employee has completed one full calendar month of service.

The employee is eligible to receive employer matching contributions after one year of service. Participants are fully vested in their entire account balances at all times. Four types of withdrawals are allowed under the Plan: The amount of tax withholding depends on the type of withdrawal.

In addition, participants may elect to receive current distributions of cash dividends on shares of Wachovia Corporation common stock allocated to them under the Employee Stock Ownership Plan portion of the Plan.

Loan balances are charged interest at a fixed rate for the life of the loan. The interest rate is determined at origination as the prime interest rate in use by Wachovia Bank, National Association, on the business day preceding the date the loan is processed.

Loan repayments are generally made semi-monthly as a payroll deduction. If a participant retires or is otherwise terminated, the loan balance must be paid in full or the outstanding balance will be considered as a taxable distribution. Participants, at retirement, may elect to receive a distribution of their account balances.

Although the employer has not expressed any intent to terminate the Plan, it may do so at any time subject to the provisions of ERISA. If the Plan is terminated, the accounts of each participant shall be adjusted in accordance with Plan provisions. Target duration is 1.

Its investment objective is preservation of principal with stable market value. This fund invests primarily in U. Treasury securities and other securities issued by the U. Government, its agencies or instrumentalities. Its investment objective is a high level of current income with stability of principal. Its investment objective is long-term capital growth. This fund uses a diversified equity strategy that invests in both value and growth oriented companies.

This fund invests in strong, growing companies based chiefly in Europe and the Pacific Basin, ranging from small firms to large corporations.

The fund invests primarily in common and preferred stocks, convertible securities, American Depositary Receipts, European Depositary Receipts, bonds and cash.

The fund also invests in a diversified portfolio of investment grade fixed-income securities, such as U. Government obligations, mortgage and asset-backed securities, and corporate bonds.

Its investment objective is regular income and conservation of principal. This fund invests primarily in a broadly diversified portfolio of common stocks. Its investment objective is long-term growth of principal and income. Its investment objective is long-term capital appreciation. The fund seeks to maximize total return through a combination of current income and capital growth.

This fund invests primarily in common stocks of small U. Management looks for significantly undervalued companies they believe have the potential for above-average appreciation potential with below average risk.

The fund seeks to produce wachovia enhanced stock market fund a black crowes shake your money maker album artwork capital.

This fund invests primarily in stocks selected on the basis of potential for capital appreciation. The fund seeks long-term growth of capital. Only participants employed by a business entity not taxable as a corporation, such as the employees of Wachovia Securities LLC, may invest in this fund. The fund seeks to achieve its objective through investments in Wachovia Corporation common stock. This options trading in roth ira invests primarily in Wachovia Corporation common stock and varying levels of short-term cash equivalent investments.

Its primary investment objective is long-term capital appreciation. This fund invests solely in short-term, direct obligations of the U.

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Treasury, which is considered the most conservative type of money market fund. This fund is not federally nasdaq stock market board of directors or guaranteed and does not pay a fixed rate of return. This fund seeks to 2speced how to make money as high of a level of income as possible with the safety of U.

This fund invests in bonds of the U. These investments in government bonds are not federally guaranteed. This fund is composed of short-term investment grade, corporate, U. Government and agency bonds with an average maturity of five years or less.

These investments in agency bonds are not federally guaranteed. This fund seeks capital growth. To achieve this goal, the fund invests in companies it believes to be emerging leaders such as small companies offering new or innovative products, services or processes having the potential to enhance earnings growth.

This fund invests in stocks of large, well established companies which are selling at below average valuations that are believed to create an attractive investment opportunity. This fund invests mainly in the stocks of large, well established companies with above average financial strength and predictable, stable growth in earnings. This fund invests mainly in the equity securities of companies located anywhere in the world, including emerging markets. Emerging Growth Fund, Strong Government Securities Fund, Target Small Cap Value Fund and the Washington Mutual Investors Fund.

Additionally, inassets of the savings plan of AMI Capital Inc. The specific identification method is used in determining the cost of securities. Security transactions are recognized on the trade date the date the order to buy or sell is executed. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Investments in commercial paper, U. Government and agency securities, corporate bonds, mutual funds, collective investment funds and common stocks are stated at fair value, which is based on closing market quotations.

If Plan management is aware that an event has occurred that may affect the ability to recover the full value of a contract, the contract is reported at its estimated realizable value. Otherwise the contract value of investment contracts, including any accrued interest approximates the fair value.

The accompanying financial statements are prepared on an accrual wachovia enhanced stock market fund a in accordance with accounting principles generally accepted in the United States of America. The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires the plan administrator to make estimates and assumptions that affect reported amounts of assets, liabilities and obligations and disclosure of contingent liabilities at the date of the financial statements, as well as additions to and deductions from these amounts during the reporting period.

Actual results could differ from those estimates. The Plan allows for investments in mutual funds, which have investments in debt and equity securities of companies within various markets. Investment securities are exposed to several risks, such as interest rate, market and credit risks. Accordingly, the GIC is carried at its fair value which approximates its contract value at December 31, Duringthe GIC was settled for its contract value.

Wachovia Corporation Common Stock Fund - unallocated. Wachovia Bank, National Association, a party-in-interest, serves as the trustee for the Plan. The loan was originally collateralized by 3, shares of Wachovia Corporation common stock. The loan repayment schedule is presented below:. In, shares were released based on principal and interest paydowns on the loan. The lender has no rights against shares once they are allocated under the Plan.

Accordingly, the financial statements of the Plan present separately the assets and liabilities and changes therein pertaining to: Each participant is entitled to exercise voting rights attributable to the shares allocated to his or her account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee is required to vote all shares in the Plan, including unallocated shares, in proportion to the response received for participants and beneficiaries with respect to stock allocated to participant accounts.

The fair value of the loan payable is based on the current rates available to the Plan for debt with the same or similar maturities and terms. Allstate Life Insurance Company, Contract GA, 7.

John Hancock Mutual Life Insurance Company, Contract GAC, 7. Metropolitan Life Insurance Company, Contract7. Metropolitan Life Insurance Company, Contract GAC, 6. Monumental Life Insurance Company, Contract SVQ, 5. Pacific Life Insurance Company, Contract G, 6. Principal Life Insurance Company, Contract7.

Travelers Insurance Company, Contract GR, 8. Travelers Insurance Company, Contract GR, 5.

Travelers Insurance Company, Contract GR, 7. CDC-Ixis, Contract4.

"Enhanced Stock Market Fund" - (k), S&P index, rate of return, fact sheet, Davis NY Venture

AIG Financial Products, Contract3. Bank of America, Contract3. UBS Warburg, Contract3. Rabobank, Contract WAC, 3. Total AIG, Bank of America, State Street, UBS Warburg and Rabobank contracts.

Federal Register :: Proposed Exemptions; Wachovia Corporation (Wachovia)

Royal Bank of Canada NYDWI10WACH, 3. Jolley Senior Vice President Wachovia Benefits Committee, Plan Administrator. Marketable investments, at contract value. Year Ended December 31, Net appreciation in fair value of investments.

Increase in net assets available for benefits. DECEMBER 31, and Prudential Jennison Equity Opportunity Fund. American Century International Growth Fund. Credit Suisse Small Cap Company Growth Fund. Wachovia Corporation Common Stock Fund - allocated. Thornburg Mtg Capital DCP, 2.

Dwight Core Target 2 Fund and Dwight Target 5 Fund. Total synthetic guaranteed investment contracts. Accrued receivable on assets of the stable fund. Valiant General Fund - Cash Management Account.