STAGECOACH FUNDS INC /AK/
497, 1999-11-01
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                              STAGECOACH FUNDS, INC.

                  Balanced Fund Diversified Equity Income Fund
                                Equity Value Fund

                Class A, Class B, Class C and Institutional Class

                    Supplement dated November 1, 1999 to the
                         Prospectuses dated May 1, 1999
                                       and
                    Supplement dated November 1, 1999 to the
                     Statement of Additional Information for
                Class A, Class B, Class C and Institutional Class
                                dated May 1, 1999



         Effective October 22, 1999, Rex Wardlaw no longer serves as a portfolio
         manager for the  dat-to-day  management  of the  Balanced,  Diversified
         Equity Income,  and Equity Value Funds.  The Balanced Fund continues to
         be managed by Scott Smith and Gregg  Giboney,  the  Diversified  Equity
         Income Fund continues to be managed by Allen Wisneiwski, and The Equity
         Value  Fund  continues  to be  managed  by Allen  Wisneiwski  and Gregg
         Giboney.






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