Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Modjtabai Avid
2. Date of Event Requiring Statement (Month/Day/Year)
06/28/2005
3. Issuer Name and Ticker or Trading Symbol
WELLS FARGO & CO/MN [WFC]
(Last)
(First)
(Middle)
420 MONTGOMERY STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN FRANCISCO, CA 94104
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $1 2/3 par value 17,380.291 (1)
D
 
Common Stock, $1 2/3 par value 1,398.0021 (2)
I
Through 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units 03/01/2025 03/01/2025 Common Stock, $1 2/3 par value 83.7088 $ (3) D  
Phantom Stock Units   (4)   (4) Common Stock, $1 2/3 par value 2,269.2095 $ (3) D  
Employee Stock Purchase Option 07/15/1999 07/15/2007 Common Stock, $1 2/3 par value 987 $ 26.55 D  
Employee Stock Purchase Option 07/15/2000 07/15/2007 Common Stock, $1 2/3 par value 1,493 $ 26.55 D  
Employee Stock Purchase Option 02/17/1999 02/17/2008 Common Stock, $1 2/3 par value 2,530 $ 32.66 D  
Employee Stock Purchase Option 02/17/2000 02/17/2008 Common Stock, $1 2/3 par value 2,530 $ 32.66 D  
Employee Stock Purchase Option 02/17/2001 02/17/2008 Common Stock, $1 2/3 par value 2,530 $ 32.66 D  
Employee Stock Purchase Option 02/27/2002 02/27/2011 Common Stock, $1 2/3 par value 5,600 $ 49.58 D  
Employee Stock Purchase Option 02/27/2003 02/27/2011 Common Stock. $1 2/3 par value 5,600 $ 49.58 D  
Employee Stock Purchase Option 02/27/2004 02/27/2011 Common Stock, $1 2/3 par value 5,600 $ 49.58 D  
Employee Stock Purchase Option 02/26/2003 02/26/2012 Common Stock, $1 2/3 par value 6,950 $ 46.6 D  
Employee Stock Purchase Option 02/26/2004 02/26/2012 Common Stock, $1 2/3 par value 6,950 $ 46.6 D  
Employee Stock Purchase Option 02/26/2005 02/26/2012 Common Stock, $1 2/3 par value 6,950 $ 46.6 D  
Employee Stock Purchase Option 02/25/2004 02/25/2013 Common Stock, $1 2/3 par value 10,497 $ 45.24 D  
Employee Stock Purchase Option 02/25/2005 02/25/2013 Common Stock, $ 1 2/3 par value 10,497 $ 45.24 D  
Employee Stock Purchase Option 02/25/2006 02/25/2013 Common Stock, $1 2/3 par value 10,496 $ 45.24 D  
Employee Stock Purchase Option 01/12/2004 02/22/2010 Common Stock, $1 2/3 par value 4,740 $ 57.38 D  
Employee Stock Purchase Option 02/24/2004 02/24/2014 Common Stock, $1 2/3 par value 34,390 $ 56.86 D  
Employee Stock Purchase Option 08/18/2004 02/22/2010 Common Stock, $1 2/3 par value 7,015 $ 57.88 D  
Employee Stock Purchase Option 02/22/2005 02/22/2015 Common Stock, $1 2/3 par value 49,760 $ 59.81 D  
Employee Stock Purchase Option 03/15/2005 02/23/2009 Common Stock, $1 2/3 par value 9,308 $ 60.1 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Modjtabai Avid
420 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
      Executive Vice President  

Signatures

Avid Modjtabai, by Robert S. Singley, as Attorney-in-Fact 07/05/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 4,093 shares resulting from vesting of three grants of restricted share rights but whose delivery has been deferred to July 1, 2008, 2009 and 2010, respectively; these shares will be subject to withholding for income taxes on those dates. Also includes 3,493.291 shares in dividend reinvestment plan as of June 6, 2005.
(2) Reflects share equivalent of units in Wells Fargo Stock Fund and ESOP Fund of 401(k) Plan as of June 30, 2005, as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company Common Stock.
(3) Conversion price is 1-for-1
(4) Payable in a lump sum upon termination of employment

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