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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F4fS76mramROOod2CYioY6VyskDYvAOBI2RzXHl+NCpXfDhSaVGpCER+Kp2lt2hC
 xL1EFTYt8fwf83+NY103ew==

<SEC-DOCUMENT>0000891836-03-000721.txt : 20031212
<SEC-HEADER>0000891836-03-000721.hdr.sgml : 20031212
<ACCEPTANCE-DATETIME>20031212213136
ACCESSION NUMBER:		0000891836-03-000721
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030611
FILED AS OF DATE:		20031212

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WACHOVIA PREFERRED FUNDING CORP
		CENTRAL INDEX KEY:			0001188382
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				561986430
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		301 SOUTH COLLEGE ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28288
		BUSINESS PHONE:		7043746558

	MAIL ADDRESS:	
		STREET 1:		301 S COLLEGE ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28288

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WACHOVIA CORP NEW
		CENTRAL INDEX KEY:			0000036995
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31557
		FILM NUMBER:		031053014

	BUSINESS ADDRESS:	
		STREET 1:		ONE FIRST UNION CTR
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28288-0013
		BUSINESS PHONE:		7043746565

	MAIL ADDRESS:	
		STREET 1:		ONE FIRST UNION CENTER
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28288-0013

	FORMER NAME:	
		FORMER CONFORMED NAME:	FIRST UNION CORP
		DATE OF NAME CHANGE:	19920703

	FORMER NAME:	
		FORMER CONFORMED NAME:	CAMERON FINANCIAL CORP
		DATE OF NAME CHANGE:	19750522

	FORMER NAME:	
		FORMER CONFORMED NAME:	FIRST UNION NATIONAL BANCORP INC
		DATE OF NAME CHANGE:	19721115
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sc0368-03_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-06-11</periodOfReport>
   <notSubjectToSection16>1</notSubjectToSection16>
    <issuer>
        <issuerCik>0001188382</issuerCik>
        <issuerName>WACHOVIA PREFERRED FUNDING CORP</issuerName>
        <issuerTradingSymbol>WNA Pr</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000036995</rptOwnerCik>
            <rptOwnerName>WACHOVIA CORP NEW</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE FIRST UNION CTR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28288-0013</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>7.25% Non-cumulative Series A Preferred Securities</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-11</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>12000000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>27.67</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>(1)</value>
            <footnoteId id="F1"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1">These securities were owned directly by Wachovia Preferred Funding Holding
     Corp., which is a subsidiary of Wachovia Bank, National Association, which
     is a wholly owned subsidiary of Wachovia Corporation. Wachovia Corporation
     was an indirect beneficial owner of the reported securities. As a result of the reported transaction,
     Wachovia Corporation is no longer a beneficial owner, directly
     or indirectly, of more than ten percent of any class of equity securities
     of Wachovia Preferred Funding Corp. registered pursuant to Section 12 of
     the Securities Exchange Act of 1934 and therefore will not be required to
     make additional filings pursuant to Section 16(a) of the Securities
     Exchange Act of 1934 with respect to such securities or any other equity
     security of Wachovia Preferred Funding Corp. which is not registered
     pursuant to Section 12 of the Securities Exchange Act of 1934.
     </footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Ross E. Jeffries, Jr.</signatureName>
      <signatureDate>2003-12-12</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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