The Wisconsin State Department of Administration has announced that Wells Fargo Funds Management has been selected to provide management services for EdVest - the state's 529 college savings plan - effective May 1, 2006, according to U.S. Fed News.

The EdVest College Savings Plan was launched in 1997 and in May of 2001 it was expanded to include mutual fund investments. In addition, Wisconsin also began to offer the Tomorrow's Scholar program. Together the two programs have gained more than 200,000 account holders and invested assets of more that $1.5 billion.

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