Applications approved under Bank Holding Company Act by the Secretary of the Board. (Legal Developments).

APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT
By the Secretary of the Board

Recent applications have been approved by the Secretary of the Board
as listed below. Copies are available upon request to the Freedom of
Information Office, Office of the Secretary, Board of Governors of
the Federal Reserve System, Washington, D.C. 20551.

Section 4

Applicant(s)                Bank(s)                    Effective Date

Wells Fargo & Company,      Telmark LLC,               February 5, 2003
 San Francisco, California    DeWitt, New York
Wells Fargo Financial       Telease Financial
 Services, Inc., Des          Services Ltd., Ontario,
 Moines, Iowa                 Canada
Wells Fargo Financial,      Telmark Lease Funding II,
 Inc., Des Moines, Iowa       LLC, DeWitt, New York
                            Telmark Lease Funding
                              III, LLC, DeWitt, New
                              York