NORWEST ADVANTAGE FUNDS
SUPPLEMENT DATED APRIL 30, 1999
TO CURRENT PROSPECTUS
This Supplement addresses the following matters:
o The reorganization of Norwest Advantage Funds into new funds of
Wells Fargo Funds Trust as part of the combination of the
Stagecoach and Norwest Advantage fund families; and
o Certain changes to the way you purchase, redeem or exchange Fund
shares.
FUND REORGANIZATIONS
On March 25, 1999, the Board of Trustees of Norwest Advantage Funds
approved the reorganization of each Norwest Advantage Fund into a new
portfolio of Wells Fargo Funds Trust. The reorganizations are part of a
plan to consolidate the Stagecoach and Norwest Advantage fund families
following last November's merger of Wells Fargo & Company and Norwest
Corporation. Norwest Advantage Funds will present each proposed fund
reorganization to the fund's shareholders for their approval at a special
shareholders' meeting that is planned for August 1999.
If shareholders approve the reorganizations, each Norwest Advantage Fund
will reorganize into a corresponding Wells Fargo Funds Trust portfolio
that has substantially similar investment objectives and, except as noted
below, investment policies. In general, the Wells Fargo Funds Trust
portfolios will not combine with other funds of the Stagecoach or Norwest
Advantage fund families.
The reorganizations contemplate, however, that each of the following
funds or classes of funds of Norwest Advantage Funds will reorganize into
a portfolio of Wells Fargo Funds Trust that may have somewhat different
investment policies from those of the fund and may combine with other
Stagecoach or Norwest Advantage funds:
Norwest Advantage Funds Wells Fargo Funds Trust
----------------------- -----------------------
Valugrowth Stock Fund Growth Fund
Small Company Stock Fund Small Cap Fund
Limited-Term Government Income Fund Limited-Term Government Income Fund
Performa Strategic Value Bond Fund Income Fund
Total Return Bond Fund Income Fund
Treasury Plus Fund Treasury Plus Money Market Fund
Investor Shares of Money Market Fund
Ready Cash Investment Fund
You may not purchase shares of the Wells Fargo Funds Trust portfolios
until after the reorganizations occur, but you currently may purchase
shares of substantially similar funds within the Stagecoach or Norwest
Advantage fund families.
You need not act with respect to the reorganizations at this time or make
any changes to your investments. Norwest Advantage Funds and Wells Fargo
Funds Trust will mail proxy materials to you in June if you are a
shareholder as of May 6, 1999. These materials will describe the
reorganizations in detail, including any effect on expense ratios. If you
buy fund shares after that date, you will not be entitled to vote those
shares on the fund's reorganization, but you may request a copy of the
proxy materials.
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The funds' reorganizations (except for those of Ready Cash Investment
Fund and Municipal Money Market Fund) are expected to be tax-free
transactions. Ready Cash Investment Fund's and Municipal Money Market
Fund's reorganizations will not be tax-free transactions, but are not
expected to result in tax consequences to shareholders. THE
REORGANIZATIONS WILL NOT TRIGGER ANY SALES CHARGES.
If you have any questions or, after early June, if you want to request
a copy of the proxy materials, you should call 1-800-394-0736.
CHANGES TO PURCHASES, REDEMPTIONS AND EXCHANGES OF FUND SHARES
After May 17, 1999, you should use the following new addresses when
mailing or wiring funds to your Norwest Advantage Funds account or
sending written requests to the transfer agent:
BY REGULAR MAIL: Norwest Advantage Funds
P.O. Box 8265
Boston, MA 02266-8265
BY OVERNIGHT MAIL ONLY TO: Norwest Advantage Funds
Attn: CCSU
Boston Financial
66 Brooks Drive
Braintree, MA 02184
BY WIRE TO: State Street Bank & Trust
Boston, MA
ABA 011000028
FNF: (Norwest Advantage Fund name]
AC: 9905-434-8
For Further Credit: _____________
(Name on Norwest Advantage Fund Account
and Fund Account Number)
You should use these addresses instead of those currently set forth in
the section of your current Prospectus describing how to buy and sell
fund shares. All other information in that section remains unchanged.
YOUR CURRENT SHAREHOLDER SERVICES TELEPHONE NUMBER WILL REMAIN THE SAME.
FOR INFORMATION ON YOUR ACCOUNT, YOU SHOULD CONTINUE TO CALL
1-612-667-8833 (MINNEAPOLIS/ST. PAUL) OR 1-800-338-1348 (ELSEWHERE) AND
PRESS OPTION 3.
MANAGEMENT OF THE WEALTHBUILDER PORTFOLIOS
The following replaces, in its entirety, the section entitled
"Portfolio Managers" on Page 17 of the Wealthbuilder Portfolios
Prospectus.
Many persons on the advisory staff of Norwest contribute to the
investment services provided to the Portfolios. Galen Blomster, Ph.D.,
CFA, Vice President & Director of Research is primarily responsible for
day-to-day management and allocation services and has been since the
inception of each Portfolio. Mr. Blomster has been employed by Norwest
since 1977. In addition to his responsibilities for the Portfolios, Mr.
Blomster may perform portfolio management and other duties for other
funds of the Trust and for Norwest Bank.
