WELLS FARGO VARIABLE TRUST, 497, 1999-11-30

WELLS FARGO VARIABLE TRUST
497, 1999-11-30

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                           WELLS FARGO VARIABLE TRUST

                                Equity Value Fund

                    Supplement dated November 30, 1999 to the
                      Prospectuses dated September 20, 1999



         Effective October 22, 1999, Rex Wardlaw no longer serves as a portfolio
         manager for the  day-to-day  management  of the Equity  Value Fund (the
         "Fund"). The Fund continues to be managed by Allen Wisneiwski and Gregg
         Giboney.