Ownership Submission
FORM 4
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
KELLY STANHOPE A
  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, Pres of Wealth Mgmt.
(Last)
(First)
(Middle)
WACHOVIA CORPORATION, 932 KENLEIGH CIRCLE
3. Date of Earliest Transaction (Month/Day/Year)
11/21/2005
(Street)

WINSTON SALEM, NC 27106
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 11/21/2005   M   408 A $ 21.88 137,690.0436 D  
Common Stock 11/21/2005   S   408 D $ 52.76 137,282.0436 D  
Common Stock 11/21/2005   M(3)   9,592 A $ 21.88 146,874.0436 D  
Common Stock 11/21/2005   F   3,980 D $ 52.72 142,894.0436 (1) D  
Common Stock               1,515 I By Daughter 2 (HK)
Common Stock               1,665 I By Daughter
Common Stock               1,603.5946 I By RSPSP Trust/401k

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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 (Right to Buy) (2) $ 21.88 11/21/2005   M     408 01/26/1997(5) 01/26/2006 Common Stock 408 $ 0 0 D  
ESOP (Right to Buy) (4) $ 21.88 11/21/2005   M     9,592 01/26/1997(5) 01/26/2006 Common Stock 9,592 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KELLY STANHOPE A
WACHOVIA CORPORATION
932 KENLEIGH CIRCLE
WINSTON SALEM, NC 27106
      SEVP, Pres of Wealth Mgmt.  

Signatures

 Stanhope A. Kelly   11/23/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) As of 11/21/05, includes 39,545 shares of unvested restricted stock with respect to which provisions exist to allow for the withholding of shares to satisfy tax withholding obligations.
(2) 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.
(3) The exercise price for the 9,592 shares was paid by delivering 3980 shares of common stock at a fair market value of $52.72, plus $47.36 in cash.
(4) 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.
(5) The option becomes exercisable in 20% increments on each of January 26, 1997, 1998,1999, 2000 and 2001, respectively.

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