Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
TOLSTEDT CARRIE L
  2. Issuer Name and Ticker or Trading Symbol
WELLS FARGO & CO/MN [WFC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Group Executive Vice President
(Last)
(First)
(Middle)
420 MONTGOMERY STREET
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2005
(Street)

SAN FRANCISCO, CA 94104
4. If Amendment, Date Original Filed(Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $1 2/3 par value 08/10/2005   M   22,000 A $ 36.7813 22,000 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   720 A $ 37.5625 22,720 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   3,640 A $ 33.5 26,360 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   3,030 A $ 49.58 29,390 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   3,390 A $ 46.6 32,780 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   2,367 A $ 45.24 35,147 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   3,100 A $ 56.86 38,247 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   M   3,320 A $ 59.81 41,567 I By spouse
Common Stock, $1 2/3 par value 08/10/2005   S   33,458 D $ 60.4805 8,109 I By spouse
Common Stock, $1 2/3 par value               32,168.376 I Through family trust
Common Stock, $1 2/3 par value               5,471.569 (1) I Through 401(k) Plan
Common Stock, $1 2/3 par value               9,185.528 (1) I Through spouse's account under 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Purchase Option $ 36.7813 08/10/2005   M     11,000 07/29/1999 07/28/2008 Common Stock, $1 2/3 par value 11,000 $ 0 0 I By spouse
Employee Stock Purchase Option $ 36.7813 08/10/2005   M     11,000 07/29/2000 07/28/2008 Common Stock, $1 2/3 par value 11,000 $ 0 0 I By spouse
Employee Stock Purchase Option $ 37.5625 08/10/2005   M     240 02/23/2000 02/23/2009 Common Stock, $1 2/3 par value 240 $ 0 0 I By spouse
Employee Stock Purchase Option $ 37.5625 08/10/2005   M     240 02/23/2001 02/23/2009 Common Stock, $1 2/3 par value 240 $ 0 0 I By spouse
Employee Stock Purchase Option $ 37.5625 08/10/2005   M     240 02/23/2002 02/23/2009 Common Stock, $1 2/3 par value 240 $ 0 0 I By spouse
Employee Stock Purchase Option $ 33.5 08/10/2005   M     1,214 02/22/2001 02/22/2010 Common Stock, $1 2/3 par value 1,214 $ 0 0 I By spouse
Employee Stock Purchase Option $ 33.5 08/10/2005   M     1,213 02/22/2002 02/22/2010 Common Stock, $1 2/3 par value 1,213 $ 0 0 I By spouse
Employee Stock Purchase Option $ 33.5 08/10/2005   M     1,213 02/22/2003 02/22/2010 Common Stock, $1 2/3 par value 1,213 $ 0 0 I By spouse
Employee Stock Purchase Option $ 49.58 08/10/2005   M     1,010 02/27/2002 02/27/2011 Common Stock, $1 2/3 par value 1,010 $ 0 0 I By spouse
Employee Stock Purchase Option $ 49.58 08/10/2005   M     1,010 02/27/2003 02/27/2011 Common Stock, $1 2/3 par value 1,010 $ 0 0 I By spouse
Employee Stock Purchase Option $ 49.58 08/10/2005   M     1,010 02/27/2004 02/27/2011 Common Stock, $1 2/3 par value 1,010 $ 0 0 I By spouse
Employee Stock Purchase Option $ 46.6 08/10/2005   M     1,130 02/26/2003 02/26/2012 Common Stock, $1 2/3 par value 1,130 $ 0 0 I By spouse
Employee Stock Purchase Option $ 46.6 08/10/2005   M     1,130 02/26/2004 02/26/2012 Common Stock, $1 2/3 par value 1,130 $ 0 0 I By spouse
Employee Stock Purchase Option $ 46.6 08/10/2005   M     1,130 02/26/2005 02/26/2012 Common Stock, $1 2/3 par value 1,130 $ 0 0 I By spouse
Employee Stock Purchase Option $ 45.24 08/10/2005   M     1,184 02/25/2004 02/25/2013 Common Stock, $1 2/3 par value 1,184 $ 0 0 I By spouse
Employee Stock Purchase Option $ 45.24 08/10/2005   M     1,183 02/25/2005 02/25/2013 Common Stock, $1 2/3 par value 1,183 $ 0 0 I By spouse
Employee Stock Purchase Option $ 56.86 08/10/2005   M     3,100 02/24/2004 02/24/2014 Common Stock, $1 2/3 par value 3,100 $ 0 0 I By spouse
Employee Stock Purchase Option $ 59.81 08/10/2005   M     3,320 02/22/2005 02/22/2015 Common Stock, $1 2/3 par value 3,320 $ 0 0 I By spouse

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TOLSTEDT CARRIE L
420 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
      Group Executive Vice President  

Signatures

 Carrie L. Tolstedt, by Robert S. Singley, Attorney-in-Fact   08/12/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Reflects share equivalent of units in the Wells Fargo Stock Fund and ESOP Fund of 401(k) Plan as of July 31, 2005, as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company Common Stock.

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