Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  MALONE WALLACE D JR
 2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2004		 3. Issuer Name and Ticker or Trading Symbol
WACHOVIA CORP NEW [WB]
(Last)
(First)
(Middle)
420 NORTH 20TH STREET, 34TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BIRMINGHAM, AL 35203		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2,489,993.2191
D
 
Common Stock 950,539.6005
I
by 401K
Common Stock 814,350
I
by Ltd. Partnership
Common Stock 97,636.56
I
by Spouse
Common Stock 37,525.96
I
by Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
ESOP (Right To Buy) (1) 11/01/2004 01/16/2007 Common Stock 7,341 $ 13.62 D  
ESOP (Right To Buy) (1) 11/01/2004 01/18/2010 Common Stock 5,673 $ 17.63 D  
ESOP (Right To Buy) (1) 11/01/2004 01/27/2008 Common Stock 267,001 $ 20.32 D  
ESOP (Right To Buy) (1) 11/01/2004 10/20/2009 Common Stock 640,800 $ 20.6 D  
ESOP (Right To Buy) (1) 11/01/2004 01/20/2009 Common Stock 311,500 $ 21.24 D  
ESOP (Right To Buy) (1) 11/01/2004 02/05/2008 Common Stock 533,998 $ 21.91 D  
ESOP (Right To Buy) (1) 11/01/2004 01/15/2011 Common Stock 311,499 $ 22.51 D  
ESOP (Right To Buy) (1) 11/01/2004 04/15/2008 Common Stock 801,002 $ 24.72 D  
ESOP (Right To Buy) (1) 11/01/2004 01/15/2012 Common Stock 311,500 $ 26.99 D  
ESOP (Right To Buy) (1) 11/01/2004 01/13/2013 Common Stock 311,499 $ 29.42 D  
ESOP (Right To Buy) (1) 11/01/2004 01/20/2014 Common Stock 311,500 $ 37.7 D  
ESOP (Right To Buy) (1) 11/01/2004 01/18/2005 Common Stock 187,075 $ 7.16 D  
ESOP (Right To Buy) (1) 11/01/2004 01/17/2006 Common Stock 10,573 $ 9.46 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MALONE WALLACE D JR
420 NORTH 20TH STREET
34TH FLOOR
BIRMINGHAM, AL 35203		   X     Vice Chairman  

Signatures

Wallace D. Malone, Jr. 11/10/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 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.

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