NORWEST ADVANTAGE FUNDS
SUPPLEMENT DATED APRIL 23, 1999
TO CURRENT PROSPECTUS
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
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
Total Return Bond Fund Income 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.
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.
You should be aware that, for certain share classes of certain Funds,
expense ratio increases of up to 0.28% are contemplated. In other cases,
expense ratios are expected to remain unchanged. THE REORGANIZATIONS ARE
EXPECTED TO BE TAX-FREE TRANSACTIONS. 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.
