INDEPENDENT AUDITORS' REPORT
To the Board of Trustees and Shareholders
Wells Fargo Funds Trust:
In planning and performing our audits of the financial statements of Cash
Investment Money Market Fund, 100% Treasury Money Market Fund, Government Money
Market Fund, National Tax-Free Institutional Money Market Fund, Prime Investment
Money Market Fund, Treasury Plus Institutional Money Market Fund, Money Market
Fund, National Tax-Free Money Market Fund, Treasury Plus Money Market Fund,
California Tax-Free Money Market Fund, California Tax-Free Money Market Trust,
Money Market Trust, National Tax-Free Money Market Trust and Overland Express
Sweep Fund (fourteen funds of Wells Fargo Funds Trust) (collectively the
"Funds") for the year or period ended March 31, 2000, we considered their
internal control, including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of the Funds is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with accounting principles generally accepted
in the United States of America. Those controls include the safeguarding of
assets against unauthorized acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that error or fraud in amounts that would be material in relation to the
financial statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned functions.
However, we noted no matters involving internal control, including controls over
safeguarding securities, that we consider to be material weaknesses as defined
above as of March 31, 2000.
This report is intended solely for the information and use of management, the
Board of Trustees and the Securities and Exchange Commission and is not intended
to be and should not be used by anyone other than those specified parties.
/S/KPMG
May 12, 2000
