WELLS FARGO VARIABLE TRUST
485BPOS, 1999-08-24
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              As filed with the Securities and Exchange Commission
                               on August 24, 1999
                      Registration No. 333-74283; 811-09255

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549
                                    FORM N-1A

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933   [_]

                              Post-Effective Amendment No. 3           [X]

                                       And

      REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940  [_]

                                   Amendment No. 5                     [X]
                              ------------------------

                           WELLS FARGO VARIABLE TRUST
         (Exact Name of Registrant as specified in Certificate of Trust)
                                111 Center Street
                           Little Rock, Arkansas 72201
          (Address of Principal Executive Offices, including Zip Code)
                            --------------------------

       Registrant's Telephone Number, including Area Code: (800) 643-9691
                              Richard H. Blank, Jr.
                                c/o Stephens Inc.
                                111 Center Street
                           Little Rock, Arkansas 72201
                     (Name and Address of Agent for Service)
                                 With a copy to:
                             Robert M. Kurucza, Esq.
                             Marco E. Adelfio, Esq.
                             Morrison & Foerster LLP
                          2000 Pennsylvania Ave., N.W.
                             Washington, D.C. 20006

It is proposed that this filing will become effective (check appropriate box):

[_] Immediately upon filing pursuant to Rule 485(b), or

[_] 60 Days after filing pursuant to Rule 485(a)(1), or

[_] on September 10, 1999, pursuant to Rule 485(b)

[_] on _________ pursuant to Rule 485(a)(1)

[_] 75 days after filing pursuant to Rule 485(a)(2), or

[_] on _________ pursuant to Rule 485(a)(2)

If appropriate, check the following box:

[_] This post-effective amendment designates a new effective date for a
      previously filed post-effective amendment.




<PAGE>



                                EXPLANATORY NOTE

         This  Post-Effective  Amendment No. 3 to the  Registration  Wells Fargo
Variable  Trust  (the  "Trust")  hereby  incorporates  by  reference  all of the
information set forth in Parts A and B of  Post-Effective  Amendment No. 2 under
the Securities Act of 1933 and Amendment No. 4 under the Investment  Company Act
of 1940,  which was filed on June 10, 1999.  The purpose of this  Post-Effective
Amendment is to delay the effectiveness of Post-Effective  Amendment No. 2 until
September 10, 1999.




<PAGE>


                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act of 1933 and the
Investment Company Act of 1940, the Registrant has duly caused this Amendment to
the  Registration  Statement  on Form  N-1A to be  signed  on its  behalf by the
undersigned,  thereto  duly  authorized  in the City of  Little  Rock,  State of
Arkansas on the 24th day of August, 1999.

                                            WELLS FARGO VARIABLE TRUST

                                            By    /s/ Richard H. Blank, Jr.
                                                  Richard H. Blank, Jr.
                                                  Secretary and Treasurer
                                                  (Principal Financial Officer)

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Amendment  to its  Registration  Statement on Form N-1A has been signed below by
the following persons in the capacities and on the date indicated:
<TABLE>
<S>                                          <C>                     <C>
Signature                                    Title                   Date

                *                            Trustee
Robert C. Brown

                *                            Trustee
Donald H. Burkhardt

                *                            Trustee
Jack S. Euphrat

                *                            Trustee
Thomas S. Goho

                *                            Trustee
Peter G. Gordon

                *                            Trustee
W. Rodney Hughes

                *                            Trustee
Richard M. Leach

                *                            Trustee
J. Tucker Morse

                *                            Trustee
Timothy J. Penny

 /s/ Richard H. Blank, Jr.                   Secretary and Treasurer    8/24/99
Richard H. Blank, Jr.                  (Principal Financial Officer)
As Attorney-in-Fact
August 24, 1999
</TABLE>

<PAGE>




                      [MORRISON & FOERSTER LLP LETTERHEAD]






                                                             August 24, 1999

                                                    Writer's Direct Dial Number
                                                          (202) 887-1537
VIA EDGAR

Securities & Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

              Re:    Wells Fargo Variable Trust
                     SEC File Nos. 333-74283; 811-09255

Ladies/Gentlemen:

         In connection with the  registration of Wells Fargo Variable Trust (the
"Trust") as an investment  company under the Investment Company Act of 1940 (the
"1940 Act"),  and the issuance of shares by it under the  Securities Act of 1933
(the "1933 Act"), we are transmitting  herewith  Post-Effective  Amendment No. 3
under  the  1933 Act and  Amendment  No.  5 under  the  1940 Act to the  Trust's
Registration Statement on Form N-1A pursuant to Rule 485(b).

         This  Post-Effective  Amendment  to the  Registration  Statement of the
Trust hereby incorporates by reference all of the information set forth in Parts
A and B of  Post-Effective  Amendment No. 2 under the Securities Act of 1933 and
Amendment  No. 4 under the  Investment  Company Act of 1940,  which was filed on
June 10,  1998.  The purpose of this  Post-Effective  Amendment  is to delay the
effectiveness of Post-Effective Amendment No. 2 until September 10, 1999.

         This firm  represented  the Trust in connection with the preparation of
the above-referenced Post-Effective Amendment. In accordance with the provisions
of  paragraph  (b) of Rule 485, we are not aware of any  disclosures  that would
render it ineligible to become effective under paragraph (b) of Rule 485.

         If you have any questions or comments,  please contact the  undersigned
at the number set forth above, or Marco E. Adelfio at (202) 887-1530.

                                                     Sincerely,

                                                     /s/ Janis E. Fonda

                                                     Janis E. Fonda




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