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Evergreen Investments Completes Liquidation of Evergreen International Balanced Income Fund

BOSTON--(BUSINESS WIRE)--The Evergreen International Balanced Income Fund (NYSE: EBI) was liquidated after the close of business on August 16, 2010. Shares of the Fund ceased trading on the New York Stock Exchange at that time.

As of the close of business on August 16, 2010, the net asset value (NAV) of the Evergreen International Balanced Income Fund was $15.88. Shareholders will receive a liquidating distribution equal to the NAV of their investments in the Fund as of the close of business on August 16, 2010. The Board of Trustees of the Evergreen International Balanced Income Fund approved the liquidation of the Fund on July 16, 2010.

Any information regarding the tax characterization of the liquidating distribution will be provided in conjunction with the completion and provision of Form 1099-DIV to shareholders.

For more information, please visit the Press Room at www.wellsfargo.com/advantagefunds, contact your financial advisor, or call 1-800-343-2898.

The Fund's shares are no longer offered as an initial public offering and are only offered through broker/dealers on the secondary market.

About Evergreen Investments

Evergreen Investments is one of the brand names under which Wells Fargo & Company (NYSE: WFC) conducts its investment management business and is part of the Wells Fargo Asset Management Group. Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets as of June 30, 2010, providing banking, insurance, investments, mortgage and consumer finance through almost 10,000 stores and the internet (WellsFargo.com) across North America and internationally. The Wells Fargo Asset Management Group serves individual and institutional investors through a broad range of investment products and strives to meet client investment objectives through disciplined, team-based asset management. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Copyright 2010. Evergreen Investment Management Company, LLC. For more information on Evergreen, please visit www.wellsfargo.com/advantagefunds.

Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage FundsĀ®. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company.

Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company's broker/dealer subsidiaries. 125354 08-10

The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company. Information regarding the fund may also be found on the Securities and Exchange Commission's website (http://www.sec.gov).

Funds: NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE

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