X0303 5 2009-12-31 0 0 0 0001341141 Wells Timberland REIT, Inc. N/A 0001255766 FRETZ RANDY 6200 CORNERS PARKWAY STE 250 NORCROSS GA 30092 0 1 0 0 Senior VP Common Stock 548.246 D The total number of securities owned was previously purchased by the reporting person before he was required to report purchases on a Form 4. The reporting person's ownership of these shares was inadvertently omitted from a Form 3 filed on April 8, 2008. Randy Fretz 2010-02-04