Wells Fargo Adopts Cooke & Bieler Funds

March 10, 2004 (PLANSPONSOR.com) - Wells Fargo Funds Management has agreed to adopt all three Cooke & Bieler mutual funds.

Thefunds to be adopted are the C&B Large Cap Value Fund, the C&B Mid Cap ValueFund and the C&B Tax-Managed Value Fund.   The trio of funds has a combined total of $569 million in assets, according to a news release.

Cooke & Bieler will continue to be responsible for the investmentmanagement of the three adopted mutual funds through a sub-advisory agreementwith Wells Fargo Fund Management, LLC.   Wells Fargo Funds Management, the investment advisor to Wells Fargo Funds, currently manages over $74 billion in mutual fund assets.

The adoption is expected to be finalized in mid-2004, subject to theapproval of the shareholders of the Cooke & Bieler Funds.