NORWEST ADVANTAGE FUNDS
PERFORMA GLOBAL GROWTH FUND
Supplement Dated May 28, 1999
to Prospectus Dated October 1, 1998
On February 10, 1999, Norwest Advantage Funds ("NAF") ceased offering shares of
Performa Global Growth Fund. Effective July 15, 1999, NAF will terminate the
Fund's exchange privileges.
The Fund's service providers have informed the Fund that in August 1999 they may
choose to cease waiving fees payable by the Fund and cease reimbursing the Fund
for expenses because they have determined that it is unlikely that the Fund will
ever attract sufficient assets to be operated profitably. If the service
providers take this action, the Fund's annual operating expenses could total in
excess of 10% of average net assets. The Board of Trustees of NAF is therefore
considering initiating measures to close the Fund.
In connection with these measures, the Fund may convert its portfolio holdings
to cash and/or cash equivalents at any time. The Fund also may distribute its
net capital gains and net investment income to shareholders when it converts its
portfolio holdings to cash.
