FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC 1 Make the Most of Your Investments for College

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC NOT FDIC INSURED  NO BANK GUARANTEE  MAY LOSE VALUE Disclosure statements EdVest 529 portfolio investments involve risks, including the possible loss of principal. Consult a program description for additional information on risks. An investment in the Wells Fargo Money Market Portfolio or the Bank CD Portfolio is not insured or guaranteed by the FDIC or any other government agency. Although these Portfolios seek to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in these Portfolios. Bank CD Portfolio account owners do not have an ownership interest or any other rights as an owner of CDs in which the Bank CD Portfolio invests. Consult the program description for additional information on these and other risks. An investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing. Carefully consider the investment objectives, risks, charges, and expenses of EdVest before investing. For a current program description, containing this and other information, call or visit EdVest.com. Read it carefully before investing. EdVest is a state-sponsored 529 college savings plan administered by the State of Wisconsin. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment management and administrative services for the EdVest plan. Shares in the program are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Agenda  The importance of planning ahead  Different college investing options  What are 529s all about?  The EdVest Plan  Benefits of EdVest  SAGE Scholars Tuition Rewards ® Program  Investment options  Expenses and sales charges

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC “Increased earnings are by no means the only positive outcome of higher education. The knowledge, fulfillment, self-awareness, and broadening of horizons associated with education transform the lives of students and of those with whom they live and work.” - The College Board, “Education Pays,” 2010

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Costs based on estimate of average tuition, fees, and room and board in current dollars for 4-year public and private universities according to the 2011 Trends in College Pricing published by the College Board. Projected pricing assumes a 6% annual increase in college costs. The rising costs of a four-year degree  Tuition, books, room & board add up quickly Private University Public University The need for effective college planning Private University Public University Private University Public University $210,873 $454,439 Private University Public University

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC *Assumptions: Total cost of college $25,000; 8% annual return on savings and 8% loan interest rate, compounded monthly; 10-year investing period and 10-year loan payback period. Annual return does not represent the performance of any specific investment. Invest now or borrow later: To cover $25,000 in college expenses, investing for 10 years before college is a lot cheaper than paying back loans for 10 years after college.* $ $ $0 $50 $100 $150 $200 $250 $300 $350 Monthly investmentMonthly loan repayment Advantage of investing vs. student loans $165.56/month The power of planning ahead

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC A program of regular investment cannot assure a profit or protect against a loss in a declining market. This hypothetical illustration assumes an average annual return of 8%. Annual return does not represent the performance of any specific investment. $ Putting time on your side Regular contributions of any amount can really add up over time. This chart shows an account with monthly contributions over a 10-year period. $125 per month $250 per month $500 per month

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Comparing a 529 to other investments 1 Certain federal tax attributes for Coverdell Education Savings Accounts will expire on December 31, Unless extended or modified by future legislation, the maximum annual contribution limit will be reduced from $2000 to $500 and withdrawals for K–12 education expenses will no longer be tax-free. 2 Up to the amount of the scholarship. (Cont’d)

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Comparing other investments (cont’d) 1 Certain federal tax attributes for Coverdell Education Savings Accounts will expire on December 31, Unless extended or modified by future legislation, the maximum annual contribution limit will be reduced from $2000 to $500 and withdrawals for K–12 education expenses will no longer be tax-free. 2 Up to the amount of the scholarship.

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC  A state-sponsored ‘Section 529’ College Savings Program  Administered by the State of Wisconsin  Managed by Wells Fargo Funds Management, LLC  Oversight by the Wisconsin College Savings Program Board EdVest 529 college savings plan

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC EdVest benefits: taxes  Wisconsin state tax deduction  Up to $3,000 annually from taxable state income per beneficiary  Available for parents, grandparents, great-grandparents, aunts and uncles  Also available for individuals who open accounts for themselves  If withdrawals are made for qualified expenses:  Earnings are federal tax-free  Earnings are Wisconsin state tax-free  Earnings are potentially state-tax free in other states

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC If donor contributes more than $13,000 in one year, and elects to apply the gift tax exclusion ratably over 5 years, but dies before the close of the 5-year period, the portion allocable to calendar years beginning after the date of death is included in the decedent’s estate. EdVest benefits: gift and estate taxes  Gift and estate tax benefits:  Contributions are considered a completed gift and are eligible for the annual $13,000 ($26,000 for married couples) gift tax and generation-skipping exemptions  For larger contributions, up to a $65,000 ($130,000 for married couples) one-time gift may be prorated over five years  IRS Form 709 should be filed to report this contribution  All contributions are removed from the contributor’s taxable estate (Cont’d)

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC = $390,000 removed from the couple’s taxable estate $195,000 + $195,000 EdVest benefits: gift and estate taxes The gift tax exclusion can be very powerful. In this example, a grandfather and grandmother each provide 3 one-time gifts of $65,000 to 3 grandchildren. The gifts are prorated over five years and a total of $390,000 is removed from the couple’s taxable estate. Gifts $65,000 per grandchild Gifts $65,000 for same grandchildren Gift and estate tax benefits (cont’d): Grandfather Smith Grandmother Smith

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC *The earnings portion of a distribution on account of a qualified scholarship is subject to applicable federal and state income tax, but free from the additional 10% federal tax. Using EdVest investments  Funds can be used at any eligible school of higher education  Includes public and private colleges, vocational schools, post-secondary schools, graduate schools, and some schools abroad  Eligible schools can be determined by searching for a school code at fafsa.ed.gov or EdVest.com/schools  Money can be used for tuition, room and board (student must be enrolled at least half-time), books, supplies, fees and equipment required for enrollment or attendance  If the student receives scholarships, you can withdraw the amount equal to the scholarships penalty-free*

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Additional benefits  Transfers between investment options and beneficiaries are allowed  Investment changes are allowed once per calendar year without a change in the designated beneficiary  Beneficiary changes are allowed between family members  Includes siblings, children, parents, aunts/uncles, first- cousins, among others  Flexible contribution options  Clients can invest as little as $250 or $15 per month with an Automatic Investment Plan (AIP) or as much as $330,000 per beneficiary A program of regular investment cannot assure a profit or protect against a loss in a declining market.

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Value-added program  SAGE Scholars Tuition Rewards  EdVest account owners receive discounts at private colleges  No fee to join  Over 265 member schools  Tuition points are earned based on account balances  Up to 10% annually  Earn up to 25% off of a four-year undergraduate tuition  Clients can register online at EdVest.com/sage  As an advisor, you can also enroll clients and keep track of accounts online at tuitionrewards.com The Tuition Rewards program is offered and administered by SAGE Scholars, Inc., a private for-profit corporation. SAGE Scholars is not sponsored by or affiliated with Wells Fargo or the EdVest college savings plan.

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Investment options  Choice of investments ranging from aggressive to conservative  Professionally managed portfolios with underlying investments from Wells Fargo Advantage Funds and Vanguard  14 investment choices:  11 fixed allocation options  3 enrollment-based options

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Aggressive Portfolios Vanguard Small Cap Index Portfolio Vanguard Stock Index Portfolio Wells Fargo Aggressive Portfolio Invests entirely in the Vanguard Institutional Index Fund. Invests entirely in the Vanguard Small-Cap Index Fund. Invests primarily in Wells Fargo Advantage U.S. stock and international funds. International Stock Funds Domestic Stock FundsBond Funds 100% 17%10% 73% 100% More AggressiveLess Aggressive Fixed allocation portfolios Vanguard International Index Portfolio Invests entirely in the Vanguard Total International Stock Index Fund. 100%

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Wells Fargo Moderate Portfolio Invests entirely in the Vanguard Wellington TM Fund. Invests in both Wells Fargo Advantage stock and bond funds. Invests primarily in Wells Fargo Advantage U.S. stock funds. Vanguard Balanced Portfolio Wells Fargo Balanced Portfolio 100% Moderate/Balanced Portfolios 30%-40% 60-70% 8% 30% 13% 57% 60%-70% 30%- 40% 41% 9% 50% More AggressiveLess Aggressive 30% International Stock FundsDomestic Stock FundsBond Funds Fixed allocation portfolios

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Wells Fargo Money Market Portfolio Vanguard Bond Index Portfolio Wells Fargo Bond Portfolio Invests entirely in the Vanguard Total Bond Market Index Fund. Invests entirely in the Wells Fargo Advantage Heritage Money Market Fund SM Invests only in Wells Fargo Advantage bond funds. Conservative Portfolios 100% Less ConservativeMore Conservative Invests primarily in Wells Fargo Advantage bond funds. 70% 5% 25% International Stock Funds Domestic Stock Funds Bond Funds Money Market Funds Wells Fargo Conservative Portfolio Fixed allocation portfolios

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Single-fund portfolios  Six single-fund portfolios include the following mutual fund options:  Vanguard Institutional Index Fund  Vanguard Small-Cap Index Fund  Vanguard Total Bond Market Index Fund  Vanguard Total International Stock Index Fund  Vanguard Wellington Fund  Wells Fargo Advantage Heritage Money Market Fund

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Wells Fargo multi-fund portfolios  Five multi-fund portfolios include a combination of the following mutual funds:  Wells Fargo Advantage Capital Growth Fund  Wells Fargo Advantage Diversified International Fund  Wells Fargo Advantage Diversified Small Cap Fund  Wells Fargo Advantage Emerging Markets Equity Fund  Wells Fargo Advantage Equity Value Fund  Wells Fargo Advantage Government Securities Fund  Wells Fargo Advantage Growth Fund  Wells Fargo Advantage Large Company Value Fund  Wells Fargo Advantage Opportunity Fund  Wells Fargo Advantage Short-Term Bond Fund  Wells Fargo Advantage Special Mid Cap Value Fund  Wells Fargo Advantage Total Return Bond Fund

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC 10+ Years to College 7-9 Years to College 4-6 Years to College 1-3 Years to College Aggressive GrowthModerate GrowthConservative Growth In College International Stock Funds Domestic Stock Funds Bond Funds Money Market Funds Enrollment-based portfolios

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC  No enrollment fee  No annual maintenance fee for Wisconsin residents  Non-resident fee of $20 may be waived for accounts with any of the following:  Account balance is over $25,000  Active monthly automatic investment plan for previous 12 months or since inception on the account  Active monthly payroll direct deposit for previous 12 months or must have been started within 6 weeks of opening the account  Annual asset-based fees ranging from 0.33% to 1.06% as of July 8, 2011  Ten portfolios with an expense ratio less than 1.00%  Excludes the trailing commissions, which are 0.25% for Class A shares and the Money Market Portfolio Class C shares and 1.00% for all other Class C shares A program of regular investment cannot assure a profit or protect against a loss in a declining market. EdVest: A low cost plan

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Growth and Balanced Portfolios 1 Fixed-Income 2 and Conservative Portfolios Money Market Portfolio BreakpointsSales Charge $0 - $49, %4.50%0.00% $50,000 - $99, %4.00%0.00% $100,000 - $249, % 0.00% $250,000 - $499, % 0.00% $500,000 - $999, % 0.00% $1,000, % 1 Growth and Balanced Portfolios include the Vanguard Balanced, Vanguard International Index, Vanguard Small Cap Index, Vanguard Stock Index, Wells Fargo Aggressive, Wells Fargo Balanced, and Wells Fargo Moderate. 2 Fixed-Income Portfolios include the Vanguard Bond Index and Wells Fargo Bond Portfolios. Class A load schedule

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC EdVest materials  Product brochure for clients  One-page program reference sheet  SAGE Scholars enrollment instructions and school listing  Program description

FOR INSTITUTIONAL INVESTOR USE ONLY – NOT FOR USE WITH THE RETAIL PUBLIC Thank you