Wells Fargo & Company Announces Dividend

    SAN FRANCISCO, Jan. 22 /CNW/ -- Wells Fargo & Company (NYSE:   WFC) today
announced a quarterly common stock dividend of 31 cents per share.  The
dividend is payable March 1, 2008, to stockholders of record on Feb. 8, 2008. 
The Company has approximately 3.3 billion shares outstanding.
    "This quarterly cash dividend is a result of the outstanding efforts of
our talented team members to earn more of our customers' financial services
business, which enabled us to generate record revenue in the most recent
quarter," said CFO Howard Atkins.
    Wells Fargo & Company is a diversified financial services company with
$575 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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