WELLS FARGO FUNDS TRUST
Corporate Bond Fund
Income Fund
Income Plus Fund
Limited Term Government Income Fund
Variable Rate Government Fund
Class A, Class B, Class C and Institutional Class
Supplement dated July 31, 2000 to the
Prospectuses dated November 8, 1999
Effective July 31, 2000, Jeffrey L. Weaver, CFA, is responsible as the sole
portfolio manager for the day-to-day management of the Corporate Bond Fund.
Mr. Weaver joined Wells Fargo Bank/Wells Capital Management Incorporated
("WCM") in 1994 as a portfolio manager for taxable short-duration fixed
income portfolios. Prior to joining WCM, Mr. Weaver was a short-term fixed
income securities trader and portfolio manager with Bankers Trust Company
in New York. He has over nine years of investment management experience. He
earned his BA in Economics from the University of Colorado, Boulder, and is
a Chartered Financial Analyst. Mr. Weaver is a member of the Association
for Investment Management and Research (AIMR) and the Security Analysts of
San Francisco.
Effective July 31, 2000, Mark Walter is responsible as a portfolio manager
for the day-to-day management of the Income Fund with Marjorie H. Grace,
CFA, who continues to manage the Fund, and he replaces Paul C. Single and
Jacqueline A. Flippen as sole portfolio manager for the day-to-day
management of the Limited Term Government Income Fund. Mr. Walter joined
WCM in 1999 as a portfolio manager with the Tax-Exempt Fixed-Income Team,
and simultaneously held the position of assistant portfolio manager at
Norwest Investment Management, Inc. ("NIM") (since 1997) until WCM and NIM
combined investment advisory services under the WCM name in 1999. As an
assistant portfolio manager, Mr. Walter assisted in the management of both
taxable and tax-exempt fixed-income funds. Prior to WCM, he worked as an
Investment Consultant for Kirkpatrick, Petris, a brokerage firm that is a
wholly owned subsidiary of the Mutual of Omaha. In his capacity as an
Investment Consultant, Mr. Walter sold and traded taxable and tax-exempt
fixed-income securities to institutional clients. Mr. Walter received a BS
in Finance from the University of Colorado at Boulder in 1996.
Jacqueline A. Flippin, John W. Burgess, CFA, Paul C. Single and Allen E.
Wisniewski, CFA, no longer serve as portfolio managers for the day-to-day
management of the Income Plus Fund. The Income Plus Fund continues to be
managed by N. Graham Allen, FCMA, Daniel J. Kokoszka, CFA, and Scott M.
Smith, CFA.
Scott M. Smith, CFA, no longer serves as a portfolio manager for the
day-to-day management of the Variable Rate Government Fund. The Variable
Rate Government Fund continues to be managed by Paul C. Single.
