SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

STROTHER JAMES M

(Last)

(First)

(Middle)

633 FOLSOM STREET

7TH FLOOR

(Street)

SAN FRANCISCO

94107

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2004

3. Issuer Name and Ticker or Trading Symbol
WELLS FARGO & CO/MN [ WFC ]

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 of 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

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	12,140	D
Common Stock, $1 2/3 par value	9,716.269⁽¹⁾	I	Through 401(k) Plan

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Stock Units	⁽²⁾	⁽²⁾	Common Stock, $1 2/3 par value	1,734.9664	⁽³⁾	D
Employee Stock Purchase Option	07/23/1998	07/22/2007	Common Stock, $1 2/3 par value	1,666	$30.875	D
Employee Stock Purchase Option	07/23/1999	07/22/2007	Common Stock, $1 2/3 par value	11,667	$30.875	D
Employee Stock Purchase Option	07/23/2000	07/22/2007	Common Stock, $1 2/3 par value	11,667	$30.875	D
Employee Stock Purchase Option	02/23/2000	02/23/2009	Common Stock, $1 2/3 par value	1,284	$37.5625	D
Employee Stock Purchase Option	02/23/2001	02/23/2009	Common Stock, $1 2/3 par value	1,283	$37.5625	D
Employee Stock Purchase Option	02/23/2002	02/23/2009	Common Stock, $1 2/3 par value	1,283	$37.5625	D
Employee Stock Purchase Option	02/22/2001	02/22/2010	Common Stock, $1 2/3 par value	4,850	$33.5	D
Employee Stock Purchase Option	02/22/2002	02/22/2010	Common Stock, $1 2/3 par value	4,850	$33.5	D
Employee Stock Purchase Option	02/22/2003	02/22/2010	Common Stock, $1 2/3 par value	4,850	$33.5	D
Employee Stock Purchase Option	02/27/2002	02/27/2011	Common Stock, $1 2/3 par value	4,614	$49.58	D
Employee Stock Purchase Option	02/27/2003	02/27/2011	Common Stock, $1 2/3 par value	4,613	$49.58	D
Employee Stock Purchase Option	02/27/2004	02/27/2011	Common Stock. $1 2/3 par value	4,613	$49.58	D
Employee Stock Purchase Option	02/26/2003	02/26/2012	Common Stock, $1 2/3 par value	5,404	$46.6	D
Employee Stock Purchase Option	02/26/2004	02/26/2012	Common Stock, $1 2/3 par value	5,403	$46.6	D
Employee Stock Purchase Option	02/26/2005	02/26/2012	Common Stock, $1 2/3 par value	5,403	$46.6	D
Employee Stock Purchase Option	04/17/2002	07/22/2007	Common Stock, $1 2/3 par value	7,888	$50.1	D
Employee Stock Purchase Option	02/25/2004	02/25/2013	Common Stock, $1 2/3 par value	6,037	$45.24	D
Employee Stock Purchase Option	02/25/2005	02/25/2013	Common Stock, $ 1 2/3 par value	6,037	$45.24	D
Employee Stock Purchase Option	02/25/2006	02/25/2013	Common Stock, $1 2/3 par value	6,036	$45.24	D

Explanation of Responses:

1. Reflects share equivalent of units in Wells Fargo Stock Fund and ESOP Fund of 401(k) Plan as of December 31, 2003 as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company Common Stock.

2. Payable in a lump sum upon termination of employment

3. Conversion price is 1-for-1

Remarks:

	James M. Strother, by Robert S. Singley, as Attorney-in-Fact	01/09/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.