[BARCLAYS GLOBAL INVESTORS LETTERHEAD]
November 4, 1998
Contact
Company Name
Address
Address
City, STATE Zip
Re: MasterWorks Growth Stock Mutual Fund and MasterWorks Short-Intermediate
Term Mutual Fund
Dear [Salutation]:
Your plan offers the MasterWorks Growth Stock Mutual Fund and/or the
MasterWorks Short-Intermediate Term Mutual Fund as plan options. The Board of
Directors has authorized a merger plan for each fund. In the case of the Growth
Stock, as a fall back, the Board approved a plan of liquidation.
You should already have received a proxy outlining a proposed merger of
these funds into successor funds, and a letter dated October 30, 1998, mailed
under separate cover, discussing the merger plans. The purpose of this letter is
to clarify certain statements made in our October 30th letter. Please disregard
that letter.
The proxy proposes that the assets of the MasterWorks Growth Stock Fund
will be transferred to the Large Company Growth Fund of the Norwest Advantage
Funds and the assets of the MasterWorks Short-Intermediate Term Fund will be
transferred to the Short-Intermediate U.S. Government Income Fund of the
Stagecoach Funds. In the absence of 50.1% of the shareholders approving the
merger, the Growth Stock Fund will be liquidated if 50.1% of the shareholders
approve the liquidation.
The merger or liquidation will occur either on the weekend of December
4, 1998 or December 11, 1998, pursuant to the proxy.
Please feel free to contact your client representative at Merrill Lynch
should you have questions or require additional explanation regarding these
proposals.
Sincerely,
/s/Lawrence G. Tint
Lawrence G. Tint
Managing Director
