STAGECOACH FUNDS INC /AK/
497, 1998-11-24
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                             STAGECOACH FUNDS, INC.
 
 Balanced Fund, Diversified Equity Income Fund, Equity Value Fund, Growth Fund,
      International Equity Fund, Small Cap Fund and Strategic Growth Fund
 
                                 Class A, B & C
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                 PROSPECTUS DATED AUGUST 1, 1998, AS PREVIOUSLY
                          SUPPLEMENTED AUGUST 31, 1998
 
        Balanced Fund, Equity Value Fund, Growth Fund and Small Cap Fund
 
                              Institutional Class
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
                               Equity Index Fund
 
                                  Class A & B
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
For the Strategic Growth Fund, under the sub-heading "Permitted Investments" on
page 33 of the prospectus, add the following:
 
    - up to 25% of our total assets in foreign companies through AMERICAN
      DEPOSITARY RECEIPTS and similar instruments;
 
For the STAGECOACH EQUITY FUNDS, the following paragraph replaces the paragraph
entitled "Wells Fargo & Company/Norwest Merger" that appears under the heading
"Additional Services and Other Information" on page 59 of the Prospectus for
Class A, B & C shares; and under the heading "Other Information" on page 34 of
the Prospectus for the Institutional Class shares. The following paragraph also
replaces the paragraph entitled "Wells Fargo Bank & Company/Norwest Merger"
under the heading "Additional Services and Other Information" on page 30 of the
Prospectus for the STAGECOACH EQUITY INDEX FUND.
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Fund(s), became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Fund(s) that the merger will
    not reduce the level or quality of advisory and other services provided
    by Wells Fargo Bank to the Fund(s).
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                             STAGECOACH FUNDS, INC.
 
                         STAGECOACH MONEY MARKET FUNDS:
   Money Market Fund, California Tax-Free Money Market Fund, Government Money
  Market Fund, National Tax-Free Money Market Fund, Treasury Plus Money Market
                     Fund, 100% Treasury Money Market Fund
 
                                    Class A
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following paragraph replaces the paragraph entitled "Wells Fargo &
Co./Norwest Merger" that appears under the heading "Additional Services and
Other Information" on page 40 of the Prospectus:
 
  WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
  Company, the parent company of Wells Fargo Bank, merged with Norwest
  Corporation. The combined company is called Wells Fargo & Company. Wells
  Fargo Bank, which provides investment advice and other services to the
  Funds, became an indirect wholly-owned subsidiary of the new combined
  company. Wells Fargo Bank has advised the Funds that the merger will not
  reduce the level or quality of advisory and other services provided by Wells
  Fargo Bank to the Funds.
 
                            Prime Money Market Fund
 
                                    Class A
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following paragraph replaces the paragraph in the sub-heading entitled
"Management" that appears under the heading "The Fund and Management" on page 12
of the Prospectus:
 
  WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
  Company, the parent company of Wells Fargo Bank, merged with Norwest
  Corporation. The combined company is called Wells Fargo & Company. Wells
  Fargo Bank, which provides investment advice and other services to the Fund,
  became an indirect wholly-owned subsidiary of the new combined company.
  Wells Fargo Bank has advised the Fund that the merger will not reduce the
  level or quality of advisory and other services provided by Wells Fargo Bank
  to the Fund.
 
In the sub-heading entitled "Share Value" that appears under the heading
"Investing in the Fund" on page 13 of the Prospectus, the time the Fund
calculates share value is changed from 12 noon (Pacific time) to 2:00 p.m.
(Pacific time). In the same sentence, the following two sentences replace the
second and third sentences in the second paragraph:
 
  Purchase orders received in proper form before 2:00 p.m. (Pacific time), or
  at such earlier cut-off time as established by your selling agent, generally
  are processed at 2:00 p.m. (Pacific time)on the same BUSINESS DAY. Requests
  received after this time generally are processed the next BUSINESS DAY.
 
The following two sentences replace the third and fourth sentences in the first
paragraph that appears under the heading "How to Redeem Shares" on page 18 of
the Prospectus:
 
  We process redemption requests that we receive in proper form before 2:00
  p.m. (Pacific time), or at such earlier cut-off time as established by your
  shareholder servicing agent, on any BUSINESS DAY. Requests received after
  this time generally are processed the next BUSINESS DAY.
 
The following two sentences replace the third and fourth sentences in the first
paragraph that appears under the heading "Redemptions Through Shareholder
Servicing Agents" on page 22 of the Prospectus:
 
  We process redemption requests that we receive in proper form before 2:00
  p.m. (Pacific time), or at such earlier cut-off time as established by your
  shareholder servicing agent, on any BUSINESS DAY. Requests received after
  this time generally are processed the next BUSINESS DAY.
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                             STAGECOACH FUNDS, INC.
 
                      National Tax-Free Money Market Fund
                            Prime Money Market Fund
                        Treasury Plus Money Market Fund
                              Institutional Class
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following two bullet points replace the third and fifth bullet points under
the sub-heading entitled "Important Information" that appears under the heading
"Your Fund Account" on page 24 of the Prospectus:
 
     - Requests we receive from an INSTITUTION in proper form for the Prime
       and Treasury Plus Money Market Funds before 2:00 PM (Pacific time),
       or at such earlier cut-off time as established by your INSTITUTION,
       generally are processed at 2:00 PM on the same day.
 
     - Requests we receive in proper form for the Prime and Treasury Plus
       Money Market Funds before 2:00 PM (Pacific time) from certain
       INSTITUTIONS with certain automated arrangements in place generally
       are processed at 2:00 PM on the same day.
 
The following two bullet points replace the first and third bullet points under
the sub-heading entitled "General Notes for Selling Shares" that appears under
the heading "Your Fund Account" on page 26 of the Prospectus:
 
     - Requests we receive from an INSTITUTION in proper form for the Prime
       and Treasury Plus Money Market Funds before 2:00 PM (Pacific time),
       or at such earlier cut-off time as established by your INSTITUTION,
       generally are processed at 2:00 PM on the same day.
 
     - Requests we receive in proper form for the Prime and Treasury Plus
       Money Market Funds before 2:00 PM (Pacific time) from certain
       INSTITUTIONS with certain automated arrangements in place generally
       are processed at 2:00 PM on the same day.
 
The following paragraph replaces the paragraph entitled "WFB/Norwest Merger"
that appears under the heading "Other Information" on page 30 of the Prospectus:
 
    WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo
     & Company, the parent company of Wells Fargo Bank, merged with Norwest
     Corporation. The combined company is called Wells Fargo & Company.
     Wells Fargo Bank, which provides investment advice and other services
     to the Funds, became an indirect wholly-owned subsidiary of the new
     combined company. Wells Fargo Bank has advised the Funds that the
     merger will not reduce the level or quality of advisory and other
     services provided by Wells Fargo Bank to the Funds.
<PAGE>
                             STAGECOACH FUNDS, INC.
 
                            Prime Money Market Fund
                        Treasury Plus Money Market Fund
 
                              Administrative Class
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
In the sub-heading entitled "Minimum Investments" that appears under the heading
"Your Fund Account" on page 18 of the Prospectus, the minimum subsequent
investment amount is eliminated.
 
The following bullet point replaces the second and third bullet points in the
sub-heading entitled "Important Information" that appears under the heading
"Your Fund Account" on page 18 of the Prospectus:
 
    - We process requests to buy or sell shares each BUSINESS DAY. Requests
      we receive in proper form for the Funds before 2:00 p.m. (Pacific
      time), or at such earlier cut-off time as established by your
      INSTITUTION, generally are processed on the same BUSINESS DAY.
 
The following bullet point replaces the first bullet point in the sub-heading
entitled "General Notes for Selling Shares" that appears under the heading "Your
Fund Account" on page 20 of the Prospectus:
 
    - We process requests we receive in proper form for the Funds before
      12:00 noon (Pacific time) on any BUSINESS DAY at the NAV determined at
      2:00 PM on the same BUSINESS DAY.
 
The following paragraph replaces the paragraph entitled "Wells Fargo Bank &
Company/Norwest Merger" that appears under the heading "Other Information" on
page 23 of the Prospectus:
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Funds, became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Funds that the merger will not
    reduce the level or quality of advisory and other services provided by
    Wells Fargo Bank to the Funds.
<PAGE>
                             STAGECOACH FUNDS, INC.
 
                            Prime Money Market Fund
                        Treasury Plus Money Market Fund
                        100% Treasury Money Market Fund
 
                                 Service Class
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
In the paragraph entitled "Minimum Investment" that appears under the heading
"Your Fund Account" on page 22 of the Prospectus, the minimum subsequent
purchase amount is eliminated.
 
In the sub-heading entitled "Important Information" that appears under the
heading "Your Fund Account" on page 22 of the Prospectus, the third bullet point
is deleted and the first three sentences in the fifth bullet point are replaced
as follows:
 
    We determine the NAV of each share of the Prime and the Treasury Plus
    Money Market Funds at 2:00 pm (Pacific time). Purchase and redemption
    requests received in proper form by 2:00 p.m. (Pacific time), or at such
    other cut-off time established by your INSTITUTION, are processed on
    that BUSINESS DAY.
 
In the sub-heading entitled "General Notes for Selling Shares" that appears
under the heading "Your Fund Account" on page 24 of the Prospectus, reference to
the Prime Money Market Fund is removed from the first bullet point and is added
to the second bullet point.
 
The following paragraph replaces the paragraph entitled "Wells Fargo Bank &
Company/Norwest Merger" that appears under the heading "Other Information" on
page 27 of the Prospectus:
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Funds, became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Funds that the merger will not
    reduce the level or quality of advisory and other services provided by
    Wells Fargo Bank to the Funds.
<PAGE>
                             STAGECOACH FUNDS, INC.
 
                               Money Market Fund
 
                                    Class S
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following paragraph replaces the paragraph entitled "Wells Fargo &
Company/Norwest Merger" that appears under the heading "Additional Services and
Other Information" on page 22 of the Prospectus:
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Fund, became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Fund that the merger will not
    reduce the level or quality of advisory and other services provided by
    Wells Fargo Bank to the Fund.
<PAGE>
                             STAGECOACH FUNDS, INC.
 
                        Treasury Plus Money Market Fund
 
                                    Class E
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following paragraph replaces the paragraph entitled "Wells Fargo Bank &
Company/Norwest Merger" that appears under the heading "Additional Services and
Other Information" on page 23 of the Prospectus:
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Fund, became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Fund that the merger will not
    reduce the level or quality of advisory and other services provided by
    Wells Fargo Bank to the Fund.
<PAGE>
                             STAGECOACH FUNDS, INC.
 
                     California Tax-Free Money Market Trust
                               Money Market Trust
                      National Tax-Free Money Market Trust
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following paragraph replaces the paragraph in the sub-heading entitled
"Management" that appears under the heading "The Fund and Management" in each of
the Prospectuses:
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Fund, became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Fund that the merger will not
    reduce the level or quality of advisory and other services provided by
    Wells Fargo Bank to the Fund.
<PAGE>
                             STAGECOACH FUNDS, INC.
 
                          Overland Express Sweep Fund
 
                   SUPPLEMENT DATED NOVEMBER 24, 1998 TO THE
                        PROSPECTUS DATED AUGUST 1, 1998
 
The following paragraph replaces the paragraph entitled "Wells Fargo &
Company/Norwest Merger" that appears under the heading "Other Information" on
page 18 of the Prospectus:
 
   WELLS FARGO & COMPANY/NORWEST MERGER - On November 2, 1998, Wells Fargo &
    Company, the parent company of Wells Fargo Bank, merged with Norwest
    Corporation. The combined company is called Wells Fargo & Company. Wells
    Fargo Bank, which provides investment advice and other services to the
    Fund, became an indirect wholly-owned subsidiary of the new combined
    company. Wells Fargo Bank has advised the Fund that the merger will not
    reduce the level or quality of advisory and other services provided by
    Wells Fargo Bank to the Fund.


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