QUANTUMONLINE.COM SECURITY DESCRIPTION:  Wachovia Corp., 19.25% Enhanced Yield Securities, linked to the common stock of General Motors Corp. (NYSE: GM), due 7/10/2007, and issued at $1000 per security. The notes are not redeemable prior to maturity. Distributions of 19.25% ($192.50) per annum are paid quarterly on 10/10/2006, 1/10/2007, 4/10/2007 and 7/10/2007 to holders of record on 9/26/06, 12/27/06, 3/27/07 & 6/26/2007 respectively. At maturity, the holder will receive a maturity payment based on the price change in the General Motors common stock price during the term of the notes. The maturity payment will be the $1000 principal amount plus the final interest payment - unless the final stock price has decreased and a knock-in event has occurred. If the stock price has decreased and a knock-in event has occurred, the holder will receive a maturity payment in shares of General Motors common stock that is equal to $1000 divided by the $27.75 initial stock price times the share multiplier (which is initially 1.0 and subject to adjustment), or initially 36.0360 shares of common stock per security. When the stock price has decreased and a knock-in event has occurred, the holder will receive a payment based on the full percentage of the decrease in the stock price. As a result, the maturity payment may be less, and possibly significantly less, than the $1000 offering price. The initial stock price is $27.75 as of 6/26/2006. The knock-in price for the stock price is $16.65 or 40% below the initial stock price. A knock-in event will occur if, at any time during the term of the notes, the stock price closes at a level equal to or lower then the knock-in price. See page S-2 of the IPO prospectus for further information on the calculation of the maturity payment and hyprthetical examples of possible payouts. The enhanced yield securities are senior unsecured debt obligations of Wachovia Corp. See the IPO prospectus for further information on the enhanced yield securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Company's Online Information Links

HOME PAGE:     http://www.wachovia.com/ (This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	Wachovia.investor_relations@wachovia.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   One Wachovia Center, 301 South College Street, Suite 4000, Charlotte, NC 28288
Main Phone Number	704-374-6565
Fax Number	704-374-3425
Investor Relations   Alice Lehman	704-374-2137

CEO - G. Kennedy Thompson

CFO - Robert P. Kelly