<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
WELLS FARGO VARIABLE TRUST FUNDS SEMI-ANNUAL REPORT DATED JUNE 30, 2000
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> WFVT ASSET ALLOCATION FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 234025546
<INVESTMENTS-AT-VALUE> 259206886
<RECEIVABLES> 1934798
<ASSETS-OTHER> 5798
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 261147482
<PAYABLE-FOR-SECURITIES> 132098
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 280184
<TOTAL-LIABILITIES> 412282
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 224337114
<SHARES-COMMON-STOCK> 17586315
<SHARES-COMMON-PRIOR> 16688676
<ACCUMULATED-NII-CURRENT> 85188
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11258633
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25054265
<NET-ASSETS> 260735200
<DIVIDEND-INCOME> 824810
<INTEREST-INCOME> 3349490
<OTHER-INCOME> 0
<EXPENSES-NET> 1239867
<NET-INVESTMENT-INCOME> 2934433
<REALIZED-GAINS-CURRENT> 4048345
<APPREC-INCREASE-CURRENT> 2902474
<NET-CHANGE-FROM-OPS> 9885252
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2986255
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1187379
<NUMBER-OF-SHARES-REDEEMED> 488756
<SHARES-REINVESTED> 199016
<NET-CHANGE-IN-ASSETS> 20064210
<ACCUMULATED-NII-PRIOR> 137010
<ACCUMULATED-GAINS-PRIOR> 7210288
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 681939
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<GROSS-EXPENSE> 1396093
<AVERAGE-NET-ASSETS> 249340167
<PER-SHARE-NAV-BEGIN> 14.42
<PER-SHARE-NII> 0.17
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<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.83
<EXPENSE-RATIO> 1.00
</TABLE>
