Investment dictionary

WACHOVIA HYBRID AND PREFERRED SECURITIES (WHPPSM) INDICIES

Market capitalization weighted indicies designed by Wachovia to measure the performance of theU.S.preferred shares in addition to five other specialized indecies. The Wachovia Hybrid and Preferred Securities (WHPS) Aggregate Index consist of preferred securities representing in excess of $100 billion in total market value. The specialized indexes are sub-groups to the main index.

The aggregate index is composed of five specialized indexes including WHPS Non-REIT Index, WHPS REIT Index, WHPS investment-grade REIT Index, WHPS below-investment-grade REIT Index, and WHPS equity REIT Index.