<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE WELLS FARGO FUNDS ANNUAL REPORT DATED MARCH 31, 2000
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 551
<NAME> Equity Value Fund - A Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 122281970
<INVESTMENTS-AT-VALUE> 168302656
<RECEIVABLES> 9608228
<ASSETS-OTHER> 26999340
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 204910224
<PAYABLE-FOR-SECURITIES> 7551516
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27722227
<TOTAL-LIABILITIES> 35273743
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 121170630
<SHARES-COMMON-STOCK> 2038327
<SHARES-COMMON-PRIOR> 2228532
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 74263
<ACCUMULATED-NET-GAINS> 2519428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46020686
<NET-ASSETS> 169636481
<DIVIDEND-INCOME> 1420272
<INTEREST-INCOME> 117622
<OTHER-INCOME> 22075
<EXPENSES-NET> 1270617
<NET-INVESTMENT-INCOME> 289352
<REALIZED-GAINS-CURRENT> 3014260
<APPREC-INCREASE-CURRENT> 12935036
<NET-CHANGE-FROM-OPS> 16238648
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 52652
<DISTRIBUTIONS-OF-GAINS> 4526606
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 99064
<NUMBER-OF-SHARES-REDEEMED> 628745
<SHARES-REINVESTED> 339476
<NET-CHANGE-IN-ASSETS> (44687124)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 31066767
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 685220
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1462961
<AVERAGE-NET-ASSETS> 29150444
<PER-SHARE-NAV-BEGIN> 14.25
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 1.17
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 2.27
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.15
<EXPENSE-RATIO> 1.18
</TABLE>
