NORWEST ADVANTAGE FUNDS
GROWTH BALANCED FUND LARGE COMPANY GROWTH FUND
INCOME EQUITY FUND DIVERSIFIED SMALL CAP FUND
VALUGROWTHSM STOCK FUND SMALL COMPANY STOCK FUND
DIVERSIFIED EQUITY FUND SMALL CAP OPPORTUNITIES FUND
GROWTH EQUITY FUND INTERNATIONAL FUND
A SHARES - B SHARES - C SHARES
Supplement Dated January 28, 1999
to Prospectus Dated October 1, 1998
I. ALL FUNDS
The following replaces, in its entirety, the first sentence under the
section entitled "Conversion Feature" on Page 50 of the Prospectus.
B Shares will automatically convert to A Shares 7 years from the end of
the calendar month in which the Fund accepted your purchase.
II. VALUGROWTHSM STOCK FUND
PORTFOLIO MANAGERS
1. The following replaces, in its entirety, the section entitled
"ValuGrowth Stock Fund" Page 43 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
46 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.
