FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CUMMINGS STEPHEN E 		2. Issuer Name and Ticker or Trading Symbol

WACHOVIA CORP NEW [ WB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SEVP & Head CIB
(Last)          (First)          (Middle)

WACHOVIA CORPORATION, ONE WACHOVIA CENTER 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2008
(Street)

CHARLOTTE, NC 28288
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/31/2008     D    436.3686   D $0   (1) 0   I   By 401(k) plan  
Common Stock   12/31/2008     D    400   D $0   (1) 0   I   By wife as cust for ACC trust  
Common Stock   12/31/2008     D    400   D $0   (2) 0   I   By wife as cust for CMC trust  
Common Stock   12/31/2008     D    400   D $0   (1) 0   I   By wife as cust for LWC trust  
Common Stock   12/31/2008     D    400   D $0   (1) 0   I   By wife as cust for RLC trust  
Common Stock   12/31/2008     D    400   D $0   (1) 0   I   By wife as cust for SCC trust  
Common Stock   12/31/2008     D    400   D $0   (1) 0   I   By wife as cust for WLC trust  
Common Stock   12/31/2008     F    30521   D $5.54   141280   D    
Common Stock   12/31/2008     D    141280   (14) D $0   (2) 0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
ESOP   (3) $44.65   12/31/2008     D        61112    4/19/2005   (4) 4/19/2014   Common Stock   61112   $0   (5) 0   D    
ESOP   (6) $50.38   12/31/2008     D        112771    4/18/2006   (7) 4/18/2015   Common Stock   112771   $0   (5) 0   D    
ESOP (Right to Buy)   (8) $56.05   12/31/2008     D        146850    3/31/2007   (9) 3/30/2016   Common Stock   146850   $0   (5) 0   D    
ESOP (Right to Buy)   (10) $58.36   12/31/2008     D        47972    2/20/2008   (11) 2/20/2017   Common Stock   47972   $0   (5) 0   D    
ESOP (Right to Buy)   (12) $33.79   12/31/2008     D        93075    2/19/2009   (13) 2/19/2018   Common Stock   93075   $0   (5) 0   D    

Explanation of Responses:
( 1)  Shares disposed of in the merger between Wachovia Corporation and Wells Fargo & Company pursuant to which each share of Wachovia Corporation common stock was exchanged for .1991 shares of Wells Fargo common stock.
( 2)  Shares disposed of in the merger between Wachovia Corporation and Wells Fargo & Company pursuant to which each share of Wachovia Corporation common stock was exchanged for .1991 shares of Wells Fargo common stock.
( 3)  Provisions exist with respect to these shares to allow for the withholding of shares to satisfy tax withholding obligations and the withholding of shares in payment of the exercise price. The exercise of certain options in any one-year is limited to 100,000 dollars.
( 4)  The option becomes exercisable in substantially equal installments on each of the five anniversaries of the date of grant (20% pe r year), beginning April 19, 2005.
( 5)  In the merger of Wachovia Corporation and Wells Fargo & Company, each outstanding option to purchase Wachovia Corporation common stock was converted to an option to purchase Wells Fargo stock on substantially the same terms, except that the number of options was adjusted by multiplying the number of Wachovia Corporation options by .1991 and the exercise price was adjusted by dividing the Wachovia Corporation exercise price by .1991.
( 6)  Provisions exist with respect to these shares to allow for the witholding of shares to satisfy tax witholding obligations and the witholding of shares in payment of the exercise price.
( 7)  The option becomes exercisable in substantially equal installments on each of the five anniversaries of the date of grant (20% per year) beginning April 18, 2006.
( 8)  Provisions exist with respect to these shares to allow for the withholding of shares to statisfy tax withholding obligations and the withholding of shares in payment of the exercise price.
( 9)  The option becomes exercisable in substantially equal installments on each of the five anniversaries of the date of grant (20% per year) beginning March 31, 2007.
( 10)  Provisions exist with respect to these shares to allow for the withholding of shares to satisfy tax withholding obligations and the withholding of shares in payment of the exercise price.
( 11)  The option becomes exercisable in substantially equal installments on each of the five anniversaries of the date of grant (20% per year) beginning Feb 20, 2008.
( 12)  Provisions exist with respect to these shares to allow for the withholding of shares to satisfy tax withholding obligations and the withholding of shares in payment of the exercise price.
( 13)  The option becomes exercisable in substantially equal installments on each of the five anniversaries of the date of grant (20% per year) beginning Feb. 19, 2009.
( 14)  Includes 99,918 shares of unvested restricted stock with respect to which provisions exist to allow for the withholding of shares to satisfy tax withholding obligations.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CUMMINGS STEPHEN E
WACHOVIA CORPORATION
ONE WACHOVIA CENTER
CHARLOTTE, NC 28288

SEVP & Head CIB

Signatures
Stephen E. Cummings 1/4/2009
** 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 4(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.
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