AFP Press Release

The Association for Financial Professionals Calls for Entries for its 2007 Pinnacle Awards

Upcoming Webinar Reviews Process for Entry

March 23, 2007 - Bethesda, MD - The Association for Financial Professionals (AFP) invites treasury and finance professionals to submit applications for the prestigious 2007 AFP Pinnacle Awards, sponsored by Wachovia. In its 11th year, the Pinnacle Awards continues to recognize excellence in treasury and finance for successfully developed leading solutions in the categories of Strategy, Innovation and Risk.

One winner is chosen from each category with a Grand Prize Winner announced at AFP's 2007 Annual Conference in Boston this fall. All winners will receive the coveted Pinnacle Award, recognition in AFP's Exchange magazine reaching over 20,000 of their peers, and complimentary registration, lodging and transportation for two representatives to the Annual Conference. Wachovia will make a $10,000 charitable donation on behalf of the Grand Prize Winner.

A panel of treasury and finance experts will evaluate entries. Judges will select one winner from each category based on originality, innovative technologies and successful methodologies. Submissions are being accepted online at www.AFPonline.org/pinnacle. To learn more about the AFP Pinnacle Award program and how to submit a successful application, join AFP and Wachovia for a complimentary Webinar on April 25 with guest speakers Arthur A. Scott, CTP, chief operating officer of Wachovia's Treasury Services, and Kathy Sabia-Cahill, director of Banking Relations and Cash Management of Tyco International, last year's Grand Prize Winner. Register for the April 25 Webinar online at AFPonline.webex.com.

Entry deadline is May 25, 2007.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Wachovia has retail and commercial banking operations in 21 states with 3,375 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 742 offices in 49 states and nine service affiliate offices in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in 39 states and auto finance covering 46 states. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. At December 31, 2006, Wachovia had assets of $707 billion and market capitalization of $108 billion.

The Association for Financial Professionals, headquartered in Bethesda, Maryland, supports more than 15,000 individual members from a wide range of industries throughout all stages of their careers in various aspects of treasury and financial management. AFP is the preferred daily resource for financial professionals for continuing education, career development, certifications, research, representation to legislators and regulators, and the development of industry standards. Sponsored by the Association for Financial Professionals, the CTP designation is the globally recognized industry standard for treasury and a requirement for a changing profession. More than 16,000 professionals have earned AFP's certification since 1986. For more information about AFP, visit http://www.AFPonline.org