Wells Fargo & Company (WFC) 8-K Financial Statements and Exhibits

Exhibit 23.1

October 7, 2004

Wells Fargo & Company

420 Montgomery Street

San Francisco, California 94163

Ladies and Gentlemen:

Reference is made to the Prospectus Supplement dated September 30, 2004 relating to Wells Fargo & Company Basket Linked Notes due October 7, 2009 (the “Prospectus Supplement”), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended. We hereby consent to the inclusion of our opinion and to the reference to us under the heading “United States Federal Income Tax Consequences” in the Prospectus Supplement.

Very truly yours,

/s/ FAEGRE & BENSON LLP

FAEGRE & BENSON LLP