Greensboro, NC (March 2007)—Pace Communications, the world’s largest private custom publishing company, announced that it will expand its portfolio of work for Wachovia Corporation with a new magazine for college-bound students and their parents. CollegeReady provides valuable information on federal financial aid, college savings plan options, scholarship strategies, identify theft on campus and much more. By taking the guesswork out of planning for college, CollegeReady explains its benefits to students from a range of economic backgrounds.

With content targeted to both parents and teens, the magazine addresses questions that arise in the college application and decision-making process such as navigating financial-aid applications, finding scholarships and grants, and choosing the perfect college.

“This is an exciting project to create a magazine that appeals to teenagers, but also is fact-filled and sensible enough to address the needs of educators and parents,” said Craig Waller, Chief Marketing and Sales Officer for Pace.

The publication also features the advice of College Parents of America and includes a profile of Teach for America, the organization that encourages young people to teach in high-need schools. Wachovia, a leading provider of federally sponsored student loans, recently was named a founding national partner for Teach for America, honoring the bank’s donations to help the program expand.

“With college costs continuing to escalate and with 66 percent of all students at four-year colleges receiving financial aid, we believe it is important to provide a tool to help families make informed choices about paying for college,” said Kathy Claar, Consumer Channel Director for Wachovia.

CollegeReady is being mailed to high school guidance counselors around the country, and is available at select Wachovia Financial Centers.

For more information, please visit wachovia.com/collegeready.

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.

About Wachovia Education Finance
Wachovia Education Finance, the 4th largest holder and 6th largest originator of education loans in the United States, is the education loan division of Wachovia Corporation (NYSE:WB). Wachovia Education Finance does business with over 4,000 schools in all 50 states and several U.S. territories. Education loan products and financial aid services are available online at www.wachovia.com/education.

About Pace Communications
For more than thirty years, Pace Communications has been a leader in customized content. With dedication to excellence, Pace helps leading corporate clients develop successful branded editorial strategies and achieve unparalleled marketing and communication prominence. Our staff of more than 200 professionals consistently produces award-winning work in a variety of media, including magazines, Web, catalog, book, video and e-commerce. Founded and owned by Bonnie McElveen-Hunter, the current chair of the American Red Cross, Pace is based in Greensboro, N.C. For more information, please visit www.pacecommunications.com.

Pace Communications is a leader in the custom publishing industry.

Pace Communications is a leader in the custom publishing industry.

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