Evergreen Investments Appoints John Rhoades as Divisional Sales Manager

February 7, 2007

Press Release

BOSTON – Evergreen Investments today announced the appointment of John Rhoades as Divisional Sales Manager of the firm’s National Broker Dealer (NBD) Retail division. In this position, Rhoades will have responsibility for supervising wholesalers and driving sales of open- and closed-end mutual funds and separately managed accounts. He will also act as a key liasion for strategic partnerships with major sponsor firms; oversee business development, sales objectives and professional development for NBD wholesalers; and represent the firm at key due diligence meetings and seminars. Rhoades will report to Tim Curtin, Senior Vice President and National Sales Manager of Evergreen’s National Broker Dealer channel.

“With more than 24 years in the industry, John brings a superior track record of sales results and managerial experience to the firm,” said Peter Cieszko, President of Global Distribution. “Evergreen continues to focus on investing in exceptional personnel with the goal of being the best, most trusted and admired asset management firm. Along with the appointments of Bill Taylor, Evergreen’s new head of Separately Managed Accounts, and Gail Eisenkraft, the firm’s new Director of Marketing, John’s appointment demonstrates Evergreen’s commitment to hiring, developing, and retaining best-in-class industry talent.”

Rhoades joins the firm after 11 years with MFS Investment Management, where he most recently served as Senior Divisional Vice President supervising a top-selling wholesaler team in the Central Southern Division. Rhoades also served as National Sales Manager and Director of the Broker Dealer channel during his tenure at MFS. Previously, Rhoades spent three years at Prudential Securities, serving as a Branch and Regional Manager, with prior experience including roles at PaineWebber and Merrill Lynch.

About Evergreen Investments
Evergreen Investments is the brand name under which Wachovia Corporation (NYSE:WB) conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the United States. Combined, the groups serve more than four million individual and institutional investors through a broad range of investment products. Led by more than 300 investment professionals, Evergreen Investments strives to meet client investment objectives through disciplined, team-based asset management. Evergreen Investments manages more than $273 billion in assets (as of December 31, 2006). For more information on Evergreen, please visit EvergreenInvestments.com.

Source:Evergreen Investments

Media Inquiries:
Laura Fay: 617.210.3867, lfay@EvergreenInvestments.com
Dan Flaherty: 617.210.3887, dflaherty@EvergreenInvestments.com

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