Wachovia Corp. has joined the list of lending

institutions participating on the DealerTrack™ auto finance platform. According to the company, Wachovia will accelerate its

dealer-to-lender relationships by making its financing services available to dealers within its

Southeastern footprint that currently use DealerTrack.

Wachovia had previously automated its auto financing through participation on Credit Online's

CreditConnection® network. Following DealerTrack's recent acquisition of Credit Online, Wachovia

has now migrated to the DealerTrack platform. The combination of DealerTrack and CreditConnection

will offer Wachovia dealers the ability to integrate their dealer management systems with

DealerTrack, says the company.

Wachovia's dealer customers who use DealerTrack are now able to electronically submit credit

applications to the lender. Dealers can also use the platform to monitor changes in application

status, share information instantly with lenders on the system and access credit reports.

"DealerTrack has demonstrated commitment and technological leadership in this market, and has built

upon its offering considerably through its acquisition of CreditConnetion," said David Stevens,

head of Wachovia Dealer Financial Services. "Our dealers will be able to maintain direct

integration with their dealer management system platforms, while we will have access to a wider

array of dealers. We believe the level of service we will be able to offer our dealers through

DealerTrack is critical to our continued success in this market."

"We are proud to announce the addition of yet another marquee lender like Wachovia to the

DealerTrack family," said Mark O'Neil, DealerTrack president and chief executive officer. "The

growth and quality of our list of lenders is one of the best measures of our success in this

market. We look forward to building on the success Wachovia has enjoyed through its use of the

CreditConnection platform."

About DealerTrack

With over 20,000 dealers and over 30 lenders currently connected, DealerTrack is an independent Web-based platform that automates and accelerates the entire dealer-to-lender

relationship, from financing to daily information sharing. The DealerTrack suite of products

includes credit application processing, credit bureau access, electronic contracting and lease

comparisons - all in one integrated solution. Additionally, the DealerTrack platform

features integration with dealer management systems for credit application processing and

credit bureau access. More information on DealerTrack is available at www.dealertrack.com or by

calling 877-357-8725.

About Wachovia Corporation

Wachovia Corporation, created through the September 1, 2001, merger of First

Union and Wachovia, had assets of $348 billion and stockholder's equity of $32 billion at March 31,

2003. Wachovia is a provider of financial services to retail, brokerage and corporate

customers throughout the East Coast and the nation. The company operates full-service banking

offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and

offers full-service brokerage with offices in 48 of the 50 states. Global services through more

than 30 international offices. Online banking and brokerage products and services are available

through wachovia.com.