NORWEST ADVANTAGE FUNDS
VALUGROWTH (SM) STOCK FUND
I SHARES
Supplement Dated December 1, 1998
to Prospectus Dated October 1, 1998
PORTFOLIO MANAGERS
1. The following replaces, in its entirety, the section entitled "ValuGrowth
Stock Fund" Page 67 of the Prospectus.
VALUGROWTH STOCK FUND
PORTFOLIO MANAGER: Charles J. Meyer, CFA (1998)
ADVISORY FEE: 0.80% - first $300 million; 0.76% - next
$400 million; 0.72% - remaining
2. The following replaces, in its entirety, the paragraph entitled "David S.
Lunt" under the section entitled Norwest Portfolio Managers on Page 70 of the
Prospectus.
CHARLES J. MEYER, CFA, associated with Norwest or its affiliates since
1998. Mr. Meyer is a Director - Institutional Portfolio Management. From 1992 to
1998 Mr. Meyer was a portfolio manager for Montana Board of Investments.
