PAGE 1 000 B000000 04/30/2011 000 C000000 0001210123 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 WFA Income Opportunities Fund 001 B000000 811-21269 001 C000000 4153960446 002 A000000 525 Market Street 002 B000000 San Francisco 002 C000000 CA 002 D010000 94105 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 WELLS FARGO FUNDS MANAGEMENT, LLC 008 B000001 A 008 C000001 801-58237 008 D010001 SAN FRANCISCO 008 D020001 CA 008 D030001 94105 008 A000002 WELLS CAPITAL MANAGEMENT, INC. 008 B000002 A 008 C000002 801-21122 008 D010002 SAN FRANCISCO 008 D020002 CA 008 D030002 94105 010 A000001 WELLS FARGO FUNDS MANAGEMENT, LLC 010 B000001 801-58237 010 C010001 SAN FRANCISCO 010 C020001 CA 010 C030001 94105 011 A000001 Wells Fargo Funds Distributor, LLC 011 B000001 8-066716 011 C010001 San Francisco 011 C020001 CA 011 C030001 94105 012 A000001 Computershare Trust Company, N.A 012 B000001 85-000 012 C010001 Providence 012 C020001 RI 012 C030001 02940 012 C040001 3010 PAGE 2 013 A000001 KPMG LLP 013 B010001 Boston 013 B020001 MA 013 B030001 02110 014 A000001 HD VEST INVESTMENT SERVICES, INC. 014 B000001 8-029892 014 A000002 Wells Fargo Brokerage Services, LLC 014 B000002 8-033283 014 A000003 Wells Fargo Institutional Securities, LLC 014 B000003 8-016600 014 A000004 Wells Fargo Investments, LLC 014 B000004 8-0158211 014 A000005 Wells Fargo Securities, LLC 014 B000005 8-0142443 014 A000006 Wells Fargo Funds Distributor, LLC 014 B000006 8-066716 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 KANSAS CITY 015 C020001 MO 015 C030001 64105 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 152 019 C000000 WELLSFARGO 020 A000001 National Financial Services Corp. 020 B000001 04-3523567 020 C000001 3 020 A000002 UBS SECURITIES (FORMERLY UBS WARBURG) 020 B000002 13-3873456 020 C000002 3 020 A000003 JEFFERIES & CO. INC. 020 B000003 95-2622900 020 C000003 1 020 A000004 Pershing LLC 020 B000004 13-2741729 020 C000004 1 020 A000005 KNIGHT EQUITY MARKETS, L.P. 020 B000005 22-3689303 020 C000005 1 020 A000006 Fidelity Capital Markets 020 C000006 1 021 000000 12 022 A000001 BANK OF AMERICA SECURITIES 022 B000001 56-2058405 022 C000001 55334 022 D000001 37567 022 A000002 JP MORGAN SECURITIES 022 B000002 13-3224016 022 C000002 39962 PAGE 3 022 D000002 38080 022 A000003 Credit Suisse First Boston 022 B000003 13-5659485 022 C000003 43994 022 D000003 33182 022 A000004 BARCLAYS CAPITAL INC 022 B000004 06-1031656 022 C000004 49843 022 D000004 18077 022 A000005 GOLDMAN SACHS & CO 022 B000005 13-5108880 022 C000005 22984 022 D000005 17083 022 A000006 CITIGROUP 022 B000006 13-3214963 022 C000006 22978 022 D000006 12594 022 A000007 DEUTSCHE BANK - ALEX BROWN 022 B000007 13-2730828 022 C000007 26138 022 D000007 9223 022 A000008 UBS SECURITIES (FORMERLY UBS WARBURG) 022 B000008 13-3873456 022 C000008 21653 022 D000008 10859 022 A000009 Pershing LLC 022 B000009 13-2741729 022 C000009 13827 022 D000009 10782 022 A000010 Morgan Stanley & Co. Inc 022 B000010 13-2655998 022 C000010 13764 022 D000010 4999 023 C000000 370394 023 D000000 240554 024 000000 N 026 A000000 N 026 B000000 N 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 PAGE 4 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.600 048 A010000 0 048 A020000 0.000 048 B010000 0 PAGE 5 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 Y 053 C000000 N 054 A000000 Y 054 B000000 N 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 N 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 N 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 0 062 A000000 Y PAGE 6 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 1.7 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 117.1 062 Q000000 10.6 062 R000000 -29.4 063 A000000 0 063 B000000 4.4 064 A000000 N 064 B000000 Y 065 000000 N 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 Y 070 B010000 Y 070 B020000 Y 070 C010000 Y 070 C020000 Y 070 D010000 Y 070 D020000 Y 070 E010000 Y 070 E020000 Y 070 F010000 Y 070 F020000 Y 070 G010000 Y 070 G020000 Y 070 H010000 Y 070 H020000 Y 070 I010000 Y 070 I020000 Y 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y PAGE 7 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 Y 070 O010000 Y 070 O020000 Y 070 P010000 N 070 P020000 N 070 Q010000 N 070 Q020000 N 070 R010000 Y 070 R020000 Y 071 A000000 458577 071 B000000 368540 071 C000000 870833 071 D000000 42 072 A000000 12 072 B000000 78471 072 C000000 448 072 D000000 0 072 E000000 0 072 F000000 5442 072 G000000 454 072 H000000 0 072 I000000 36 072 J000000 74 072 K000000 0 072 L000000 90 072 M000000 15 072 N000000 0 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 103 072 S000000 0 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 3589 072 X000000 9803 072 Y000000 2356 072 Z000000 71472 072AA000000 16219 072BB000000 0 072CC010000 13087 072CC020000 0 072DD010000 71414 072DD020000 0 072EE000000 0 073 A010000 1.0200 073 A020000 0.0000 PAGE 8 073 B000000 0.0000 073 C000000 0.0000 074 A000000 0 074 B000000 0 074 C000000 0 074 D000000 905016 074 E000000 4554 074 F000000 2249 074 G000000 0 074 H000000 0 074 I000000 11876 074 J000000 9577 074 K000000 0 074 L000000 20409 074 M000000 126 074 N000000 953807 074 O000000 7299 074 P000000 174 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 236484 074 S000000 0 074 T000000 709850 074 U010000 70238 074 U020000 0 074 V010000 10.11 074 V020000 0.00 074 W000000 0.0000 074 X000000 0 074 Y000000 0 075 A000000 0 075 B000000 679561 076 000000 10.38 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 Y 077 P000000 N PAGE 9 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 Great American 080 B000000 Zurich, Berkley, Chubb, Axis 080 C000000 135000 081 A000000 Y 081 B000000 149 082 A000000 Y 082 B000000 50 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 450 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 Wells Fargo Advantage Income Opportunies Fund 087 A020000 30023Y105 087 A030000 EAD 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 Y SIGNATURE KASEY PHILLIPS TITLE TREASURER