WELLS FARGO VARIABLE TRUST
Equity Value Fund
Class A, Class B, Class C and Institutional Class
Supplement dated November 1, 1999 to the
Prospectuses dated May 1, 1999
and
Supplement dated November 1, 1999 to the
Statement of Additional Information for
Class A, Class B, Class C and Institutional Class
dated May 1, 1999
Effective October 22, 1999, Rex Wardlaw no longer serves as a portfolio
manager for the dat-to-day management of the Equity Value Fund (the
"Fund"). The Fund continues to be managed by Allen Wisneiwski and Gregg
Giboney.