Wells Fargo & Company Announces Dividend

    SAN FRANCISCO, Oct. 23 /CNW/ -- Wells Fargo & Company (NYSE:   WFC) today
announced a quarterly common stock dividend of 31 cents per share. The
dividend is payable Dec. 1, 2007, to stockholders of record on Nov. 9, 2007. 
The Company has approximately 3.4 billion shares outstanding.
    Wells Fargo & Company is a diversified financial services company with
$549 billion in assets, providing banking, insurance, investments, mortgage
and consumer finance through almost 6,000 stores and the internet
(wellsfargo.com) across North America and internationally. Wells Fargo Bank,
N.A. is the only bank in the U.S., and one of only two banks worldwide, to
have the highest credit rating from both Moody's Investors Service, "Aaa," and
Standard & Poor's Ratings Services, "AAA."

For further information:

For further information: Media, Heather Schow, +1-415-222-1940, or 
Investors, Bob Strickland, +1-415-396-0523, both of Wells Fargo & Company Web
Site: http://www.wellsfargo.com

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