<PAGE> PAGE 1
000 B000000 02/28/1999
000 C000000 894617
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 STAGECOACH FUNDS, INC
001 B000000 811-6419
001 C000000 5013772521
002 A000000 111 CENTER STREET
002 B000000 LITTLE ROCK
002 C000000 AR
002 D010000 72201
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 31
007 C010100 1
007 C010200 2
007 C010300 3
007 C020300 ASSET ALLOCATION FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C020700 U.S. GOVERNMENT ALLOCATION FUND
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
<PAGE> PAGE 2
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C023200 INDEX ALLOCATION
007 C033200 N
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
008 A00AA01 WELLS FARGO BANK, N.A.
008 B00AA01 A
008 C00AA01 801-00000
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94105
008 A00AA02 BARCLAYS GLOBAL FUND ADVISORS
008 B00AA02 S
008 C00AA02 801-00000
008 D01AA02 SAN FRANCISCO
008 D02AA02 CA
008 D03AA02 94105
010 A00AA01 WELLS FARGO BANK
010 B00AA01 8-00000
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94105
010 A00AA02 STEPHENS INC.
010 C01AA02 LITTLE ROCK
010 C02AA02 AR
010 C03AA02 72201
011 A00AA01 STEPHENS INC.
011 B00AA01 8-1927
011 C01AA01 LITTLE ROCK
011 C02AA01 AR
011 C03AA01 72201
012 A00AA01 WELLS FARGO BANK
012 B00AA01 84-00000
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94105
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
<PAGE> PAGE 3
013 B03AA01 94111
014 A00AA01 WELLS FARGO BANK SECURITIES INC.
014 B00AA01 8-35225
015 A00AA01 BARCLAY'S GLOBAL INVESTORS, N.A.
015 B00AA01 C
015 C01AA01 SAN FRANCISCO
015 C02AA01 CA
015 C03AA01 94105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 BERNARD L. MADOFF
020 B000001 13-1997126
020 C000001 11
020 A000002 BGI BROKER
020 B000002 UNKNOWN
020 C000002 8
020 A000003 BHF SECURITIES
020 B000003 UNKNOWN
020 C000003 5
020 A000004 COUNTY NATWEST
020 B000004 UNKNOWN
020 C000004 4
020 A000005 LEHMAN BROTHERS
020 B000005 13-2518466
020 C000005 4
020 A000006 MORGAN STANLEY
020 B000006 13-2655998
020 C000006 4
020 A000007 SMITH BARNEY
020 B000007 13-1912900
020 C000007 3
020 A000008 BEAR STEARNS
020 B000008 13-3299429
020 C000008 3
020 A000009 MERRILL LYNCH
020 B000009 13-2761776
020 C000009 2
020 A000010 PORTFOLIO TRADING SERVICES
020 B000010 UNKNOWN
020 C000010 2
021 000000 58
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 150456
022 D000001 279330
022 A000002 LEHMAN BROTHERS
022 B000002 13-2518466
022 C000002 243744
022 D000002 129231
<PAGE> PAGE 4
022 A000003 SALOMON BROTHERS
022 B000003 13-3082694
022 C000003 84574
022 D000003 219504
022 A000004 MERRILL LYNCH
022 B000004 13-2761776
022 C000004 151341
022 D000004 85756
022 A000005 MORGAN STANLEY
022 B000005 13-2655998
022 C000005 234707
022 D000005 0
022 A000006 COUNTY NATWEST
022 B000006 UNKNOWN
022 C000006 90725
022 D000006 1163
022 A000007 JP MORGAN
022 B000007 13-3224016
022 C000007 79329
022 D000007 5265
022 A000008 BERNARD L. MADOFF INC
022 B000008 13-1997126
022 C000008 17226
022 D000008 28017
022 A000009 WELLS
022 B000009 94-1347393
022 C000009 30219
022 D000009 7816
022 A000010 SMITH BARNEY
022 B000010 13-1912900
022 C000010 30148
022 D000010 4581
023 C000000 1241712
023 D000000 774453
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027 000000 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 Y
<PAGE> PAGE 5
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 B000000 Y
080 A00AA00 CHUBB GROUP OF INSURANCE COMPANIES
080 C00AA00 40000
081 A00AA00 Y
081 B00AA00 39
082 A00AA00 Y
082 B00AA00 10
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000300 Y
025 A000301 BEAR STEARNS
025 B000301 13-3299429
025 C000301 E
025 D000301 730
025 A000302 MERRILL LYNCH
025 B000302 13-2761776
025 C000302 E
025 D000302 3881
025 A000303 MORGAN STANLEY DEAN WITTER
<PAGE> PAGE 6
025 B000303 13-2655998
025 C000303 E
025 D000303 7501
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 16516
028 A020300 0
028 A030300 0
028 A040300 31777
028 B010300 15519
028 B020300 6603
028 B030300 0
028 B040300 25583
028 C010300 22562
028 C020300 0
028 C030300 0
028 C040300 19726
028 D010300 24218
028 D020300 143969
028 D030300 0
028 D040300 28127
028 E010300 27571
028 E020300 4911
028 E030300 0
028 E040300 28126
028 F010300 26278
028 F020300 -4
028 F030300 0
028 F040300 21540
028 G010300 132664
028 G020300 155479
028 G030300 0
028 G040300 154879
028 H000300 50572
029 000300 Y
030 A000300 1460
030 B000300 4.50
030 C000300 2.00
031 A000300 135
031 B000300 0
032 000300 248
033 000300 1077
034 000300 Y
035 000300 1006
036 A000300 Y
036 B000300 0
037 000300 N
038 000300 0
<PAGE> PAGE 7
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 3
042 B000300 1
042 C000300 0
042 D000300 96
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 2511
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 250000
048 A020300 0.500
048 B010300 250000
048 B020300 0.400
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 500000
048 K020300 0.300
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
<PAGE> PAGE 8
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 518227
071 B000300 509723
071 C000300 1630958
<PAGE> PAGE 9
071 D000300 31
072 A000300 11
072 B000300 22227
072 C000300 16352
072 D000300 0
072 E000300 0
072 F000300 5218
072 G000300 1057
072 H000300 0
072 I000300 6645
072 J000300 0
072 K000300 0
072 L000300 272
072 M000300 2
072 N000300 126
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 8
072 S000300 102
072 T000300 2163
072 U000300 0
072 V000300 0
072 W000300 432
072 X000300 16025
072 Y000300 44
072 Z000300 22598
072AA000300 142835
072BB000300 0
072CC010300 44505
072CC020300 0
072DD010300 17034
072DD020300 2447
072EE000300 145858
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 6
074 B000300 0
074 C000300 9451
074 D000300 315610
074 E000300 0
074 F000300 1446945
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 7109
074 M000300 46
<PAGE> PAGE 10
074 N000300 1779167
074 O000300 0
074 P000300 2242
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 892
074 S000300 0
074 T000300 1776033
074 U010300 53144
074 U020300 26565
074 V010300 25.65
074 V020300 0.00
074 W000300 0.0000
074 X000300 30618
074 Y000300 0
075 A000300 0
075 B000300 1675049
076 000300 0.00
024 000700 N
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 1348
028 A020700 284
028 A030700 0
028 A040700 1821
028 B010700 1656
028 B020700 255
028 B030700 0
028 B040700 2157
028 C010700 1612
028 C020700 237
028 C030700 0
028 C040700 1931
028 D010700 1164
028 D020700 249
028 D030700 0
028 D040700 1932
028 E010700 2803
028 E020700 191
028 E030700 0
028 E040700 2286
028 F010700 616
028 F020700 237
<PAGE> PAGE 11
028 F030700 0
028 F040700 1468
028 G010700 9199
028 G020700 1453
028 G030700 0
028 G040700 11595
028 H000700 5215
029 000700 Y
030 A000700 37
030 B000700 4.50
030 C000700 2.00
031 A000700 3
031 B000700 0
032 000700 6
033 000700 28
034 000700 Y
035 000700 77
036 A000700 Y
036 B000700 0
042 A000700 4
042 B000700 20
042 C000700 0
042 D000700 76
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 154
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 250000
048 A020700 0.500
048 B010700 250000
048 B020700 0.400
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
<PAGE> PAGE 12
048 J010700 0
048 J020700 0.000
048 K010700 500000
048 K020700 0.300
055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
062 A000700 Y
062 B000700 81.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 19.1
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 4.6
064 A000700 N
064 B000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
<PAGE> PAGE 13
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 39860
071 B000700 50683
071 C000700 26155
071 D000700 152
072 A000700 11
072 B000700 4613
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 435
072 G000700 61
072 H000700 0
072 I000700 383
072 J000700 0
072 K000700 0
072 L000700 40
072 M000700 3
072 N000700 25
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 14
072 S000700 14
072 T000700 111
072 U000700 2
072 V000700 0
072 W000700 86
072 X000700 1174
072 Y000700 54
072 Z000700 3493
072AA000700 508
072BB000700 0
072CC010700 0
072CC020700 588
072DD010700 2967
072DD020700 526
<PAGE> PAGE 14
072EE000700 0
073 A010700 0.5658
073 A020700 0.3447
073 B000700 0.0000
073 C000700 0.0000
074 A000700 4
074 B000700 0
074 C000700 75665
074 D000700 17786
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 496
074 M000700 4
074 N000700 93955
074 O000700 0
074 P000700 84
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 489
074 S000700 0
074 T000700 93382
074 U010700 5029
074 U020700 1725
074 V010700 14.86
074 V020700 10.81
074 W000700 0.0000
074 X000700 1831
074 Y000700 0
075 A000700 0
075 B000700 94608
076 000700 0.00
024 003200 Y
025 A003201 BEAR STEARNS
025 B003201 13-3299429
025 C003201 E
025 D003201 84
025 A003202 MERRILL LYNCH
025 B003202 13-2761776
025 C003202 E
025 D003202 457
025 A003203 MORGAN STANLEY DEAN WITTER
025 B003203 13-2655998
025 C003203 E
025 D003203 881
<PAGE> PAGE 15
025 D003204 0
025 D003205 0
025 D003206 0
025 D003207 0
025 D003208 0
028 A013200 2882
028 A023200 0
028 A033200 0
028 A043200 6928
028 B013200 2089
028 B023200 51
028 B033200 0
028 B043200 4845
028 C013200 2598
028 C023200 0
028 C033200 0
028 C043200 4158
028 D013200 3282
028 D023200 4298
028 D033200 0
028 D043200 2931
028 E013200 5057
028 E023200 22
028 E033200 0
028 E043200 2499
028 F013200 4171
028 F023200 0
028 F033200 0
028 F043200 1655
028 G013200 20079
028 G023200 4371
028 G033200 0
028 G043200 23016
028 H003200 3980
029 003200 Y
030 A003200 185
030 B003200 4.50
030 C003200 2.00
031 A003200 20
031 B003200 0
032 003200 91
033 003200 74
034 003200 Y
035 003200 35
036 A003200 Y
036 B003200 0
042 A003200 0
042 B003200 2
042 C003200 0
042 D003200 98
042 E003200 0
<PAGE> PAGE 16
042 F003200 0
042 G003200 0
042 H003200 0
043 003200 753
044 003200 0
045 003200 Y
046 003200 N
047 003200 Y
048 003200 0.000
048 A013200 500000
048 A023200 0.700
048 B013200 0
048 B023200 0.000
048 C013200 0
048 C023200 0.000
048 D013200 0
048 D023200 0.000
048 E013200 0
048 E023200 0.000
048 F013200 0
048 F023200 0.000
048 G013200 0
048 G023200 0.000
048 H013200 0
048 H023200 0.000
048 I013200 0
048 I023200 0.000
048 J013200 0
048 J023200 0.000
048 K013200 750000
048 K023200 0.600
055 A003200 N
055 B003200 N
056 003200 N
057 003200 N
062 A003200 N
062 B003200 0.0
062 C003200 0.0
062 D003200 0.0
062 E003200 0.0
062 F003200 0.0
062 G003200 0.0
062 H003200 0.0
062 I003200 0.0
062 J003200 0.0
062 K003200 0.0
062 L003200 0.0
062 M003200 0.0
062 N003200 0.0
062 O003200 0.0
062 P003200 0.0
<PAGE> PAGE 17
062 Q003200 0.0
062 R003200 0.0
063 A003200 0
063 B003200 0.0
066 A003200 Y
066 G003200 Y
067 003200 N
068 A003200 N
068 B003200 N
069 003200 Y
070 A013200 Y
070 A023200 N
070 B013200 Y
070 B023200 N
070 C013200 Y
070 C023200 N
070 D013200 Y
070 D023200 N
070 E013200 N
070 E023200 N
070 F013200 N
070 F023200 N
070 G013200 Y
070 G023200 N
070 H013200 N
070 H023200 N
070 I013200 N
070 I023200 N
070 J013200 Y
070 J023200 N
070 K013200 Y
070 K023200 N
070 L013200 Y
070 L023200 Y
070 M013200 N
070 M023200 N
070 N013200 Y
070 N023200 N
070 O013200 Y
070 O023200 N
070 P013200 N
070 P023200 N
070 Q013200 N
070 Q023200 N
070 R013200 N
070 R023200 N
071 A003200 21172
071 B003200 18775
071 C003200 155788
071 D003200 12
072 A003200 11
<PAGE> PAGE 18
072 B003200 80
072 C003200 2061
072 D003200 0
072 E003200 0
072 F003200 1008
072 G003200 101
072 H003200 0
072 I003200 354
072 J003200 0
072 K003200 0
072 L003200 40
072 M003200 3
072 N003200 32
072 O003200 0
072 P003200 0
072 Q003200 0
072 R003200 25
072 S003200 8
072 T003200 665
072 U003200 0
072 V003200 0
072 W003200 112
072 X003200 2348
072 Y003200 24
072 Z003200 -183
072AA003200 8684
072BB003200 0
072CC013200 9193
072CC023200 0
072DD013200 148
072DD023200 0
072EE003200 5537
073 A013200 0.0000
073 A023200 0.0000
073 B003200 0.0000
073 C003200 0.0000
074 A003200 6
074 B003200 0
074 C003200 2523
074 D003200 0
074 E003200 0
074 F003200 170390
074 G003200 0
074 H003200 0
074 I003200 0
074 J003200 0
074 K003200 0
074 L003200 529
074 M003200 0
074 N003200 173448
074 O003200 0
<PAGE> PAGE 19
074 P003200 493
074 Q003200 0
074 R013200 0
074 R023200 0
074 R033200 0
074 R043200 368
074 S003200 0
074 T003200 172587
074 U013200 4866
074 U023200 3393
074 V013200 19.04
074 V023200 0.00
074 W003200 0.0000
074 X003200 3368
074 Y003200 0
075 A003200 0
075 B003200 157942
076 003200 0.00
SIGNATURE ANN BONSTEEL
TITLE ASST. SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> ASSET ALLOCATION FUND CLASS A
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 1327972946
<INVESTMENTS-AT-VALUE> 1772005947
<RECEIVABLES> 7109011
<ASSETS-OTHER> 5757
<OTHER-ITEMS-ASSETS> 45989
<TOTAL-ASSETS> 1779166704
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3133649
<TOTAL-LIABILITIES> 3133649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1310242279
<SHARES-COMMON-STOCK> 53143536
<SHARES-COMMON-PRIOR> 52257872
<ACCUMULATED-NII-CURRENT> 3116526
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18641249
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 444033001
<NET-ASSETS> 1362966040
<DIVIDEND-INCOME> 16351828
<INTEREST-INCOME> 22227037
<OTHER-INCOME> 0
<EXPENSES-NET> (15980409)
<NET-INVESTMENT-INCOME> 22598456
<REALIZED-GAINS-CURRENT> 142835083
<APPREC-INCREASE-CURRENT> 44504574
<NET-CHANGE-FROM-OPS> 209938113
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17033688)
<DISTRIBUTIONS-OF-GAINS> (114145484)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3967005
<NUMBER-OF-SHARES-REDEEMED> 8542275
<SHARES-REINVESTED> 5460934
<NET-CHANGE-IN-ASSETS> 203124795
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 21664933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5217515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16025209
<AVERAGE-NET-ASSETS> 1675049000
<PER-SHARE-NAV-BEGIN> 24.99
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 2.92
<PER-SHARE-DIVIDEND> (0.33)
<PER-SHARE-DISTRIBUTIONS> (2.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.65
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> ASSET ALLOCATION FUND CLASS B
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 1327972946
<INVESTMENTS-AT-VALUE> 1772005947
<RECEIVABLES> 7109011
<ASSETS-OTHER> 5757
<OTHER-ITEMS-ASSETS> 45989
<TOTAL-ASSETS> 1779166704
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3133649
<TOTAL-LIABILITIES> 3133649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1310242279
<SHARES-COMMON-STOCK> 25918699
<SHARES-COMMON-PRIOR> 17614333
<ACCUMULATED-NII-CURRENT> 3116526
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18641249
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 444033001
<NET-ASSETS> 402990599
<DIVIDEND-INCOME> 16351828
<INTEREST-INCOME> 22227037
<OTHER-INCOME> 0
<EXPENSES-NET> (15980409)
<NET-INVESTMENT-INCOME> 22598456
<REALIZED-GAINS-CURRENT> 142835083
<APPREC-INCREASE-CURRENT> 44504574
<NET-CHANGE-FROM-OPS> 209938113
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2432608)
<DISTRIBUTIONS-OF-GAINS> (31172331)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9161518
<NUMBER-OF-SHARES-REDEEMED> 3093434
<SHARES-REINVESTED> 2236282
<NET-CHANGE-IN-ASSETS> 203124795
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 21664933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5217515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16025209
<AVERAGE-NET-ASSETS> 1675049000
<PER-SHARE-NAV-BEGIN> 15.16
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 1.77
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (1.40)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.55
<EXPENSE-RATIO> 1.62
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 033
<NAME> ASSET ALLOCATION FUND CLASS C
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 1327972946
<INVESTMENTS-AT-VALUE> 1772005947
<RECEIVABLES> 7109011
<ASSETS-OTHER> 5757
<OTHER-ITEMS-ASSETS> 45989
<TOTAL-ASSETS> 1779166704
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3133649
<TOTAL-LIABILITIES> 3133649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1310242279
<SHARES-COMMON-STOCK> 646262
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3116526
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18641249
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 444033001
<NET-ASSETS> 10076416
<DIVIDEND-INCOME> 16351828
<INTEREST-INCOME> 22227037
<OTHER-INCOME> 0
<EXPENSES-NET> (15980409)
<NET-INVESTMENT-INCOME> 22598456
<REALIZED-GAINS-CURRENT> 142835083
<APPREC-INCREASE-CURRENT> 44504574
<NET-CHANGE-FROM-OPS> 209938113
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (15634)
<DISTRIBUTIONS-OF-GAINS> (540952)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 648391
<NUMBER-OF-SHARES-REDEEMED> 37191
<SHARES-REINVESTED> 35062
<NET-CHANGE-IN-ASSETS> 203124795
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 21664933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5217515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16025209
<AVERAGE-NET-ASSETS> 1675049000
<PER-SHARE-NAV-BEGIN> 15.16
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.82
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (1.40)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.59
<EXPENSE-RATIO> 1.64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> U.S. GOVERNMENT ALLOCATION FUND CLASS A
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 94213589
<INVESTMENTS-AT-VALUE> 93451593
<RECEIVABLES> 495999
<ASSETS-OTHER> 4389
<OTHER-ITEMS-ASSETS> 2805
<TOTAL-ASSETS> 93954786
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 572664
<TOTAL-LIABILITIES> 572664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116217383
<SHARES-COMMON-STOCK> 5029449
<SHARES-COMMON-PRIOR> 5578396
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (22073265)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (761996)
<NET-ASSETS> 74727700
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4613424
<OTHER-INCOME> 0
<EXPENSES-NET> (1120666)
<NET-INVESTMENT-INCOME> 3492758
<REALIZED-GAINS-CURRENT> 508359
<APPREC-INCREASE-CURRENT> (588263)
<NET-CHANGE-FROM-OPS> 3412854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2966379)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 591991
<NUMBER-OF-SHARES-REDEEMED> 1324622
<SHARES-REINVESTED> 183684
<NET-CHANGE-IN-ASSETS> (3720049)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (22581624)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 434501
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1173561
<AVERAGE-NET-ASSETS> 1675049
<PER-SHARE-NAV-BEGIN> 14.87
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.86
<EXPENSE-RATIO> 1.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 072
<NAME> U.S. GOVERNMENT ALLOCATION FUND CLASS B
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 94213589
<INVESTMENTS-AT-VALUE> 93451593
<RECEIVABLES> 495999
<ASSETS-OTHER> 4389
<OTHER-ITEMS-ASSETS> 2805
<TOTAL-ASSETS> 93954786
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 572664
<TOTAL-LIABILITIES> 572664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116217383
<SHARES-COMMON-STOCK> 18654422
<SHARES-COMMON-PRIOR> 1306824
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (22073265)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (761996)
<NET-ASSETS> 18654422
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4613424
<OTHER-INCOME> 0
<EXPENSES-NET> (1120666)
<NET-INVESTMENT-INCOME> 3492758
<REALIZED-GAINS-CURRENT> 508359
<APPREC-INCREASE-CURRENT> (588263)
<NET-CHANGE-FROM-OPS> 3412854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (526379)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 692988
<NUMBER-OF-SHARES-REDEEMED> 316931
<SHARES-REINVESTED> 42193
<NET-CHANGE-IN-ASSETS> (3720049)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (22581624)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 434501
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1173561
<AVERAGE-NET-ASSETS> 1675049
<PER-SHARE-NAV-BEGIN> 10.82
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.81
<EXPENSE-RATIO> 1.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 321
<NAME> INDEX ALLOCATION FUND CLASS A
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 124034050
<INVESTMENTS-AT-VALUE> 172913453
<RECEIVABLES> 529223
<ASSETS-OTHER> 4856
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 173447532
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 861017
<TOTAL-LIABILITIES> 861017
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 119266530
<SHARES-COMMON-STOCK> 4865671
<SHARES-COMMON-PRIOR> 5284329
<ACCUMULATED-NII-CURRENT> (73536)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4514118
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48879403
<NET-ASSETS> 92655262
<DIVIDEND-INCOME> 2060542
<INTEREST-INCOME> 79573
<OTHER-INCOME> 0
<EXPENSES-NET> (2323517)
<NET-INVESTMENT-INCOME> (183402)
<REALIZED-GAINS-CURRENT> 8684372
<APPREC-INCREASE-CURRENT> 9193064
<NET-CHANGE-FROM-OPS> 17694034
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (148741)
<DISTRIBUTIONS-OF-GAINS> (3122516)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 571737
<NUMBER-OF-SHARES-REDEEMED> 1138366
<SHARES-REINVESTED> 147971
<NET-CHANGE-IN-ASSETS> 20367025
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1628546
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1008438
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2348275
<AVERAGE-NET-ASSETS> 157942
<PER-SHARE-NAV-BEGIN> 17.55
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 2.14
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> (0.65)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.04
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 322
<NAME> INDEX ALLOCATION FUND CLASS B
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 124034050
<INVESTMENTS-AT-VALUE> 172913453
<RECEIVABLES> 529223
<ASSETS-OTHER> 4856
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 173447532
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 861017
<TOTAL-LIABILITIES> 861017
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 119266530
<SHARES-COMMON-STOCK> 12567531
<SHARES-COMMON-PRIOR> 152304
<ACCUMULATED-NII-CURRENT> (73536)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4514118
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48879403
<NET-ASSETS> 12567531
<DIVIDEND-INCOME> 2060542
<INTEREST-INCOME> 79573
<OTHER-INCOME> 0
<EXPENSES-NET> (2323517)
<NET-INVESTMENT-INCOME> (183402)
<REALIZED-GAINS-CURRENT> 8684372
<APPREC-INCREASE-CURRENT> 9193064
<NET-CHANGE-FROM-OPS> 17694034
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (343110)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 415134
<NUMBER-OF-SHARES-REDEEMED> 48393
<SHARES-REINVESTED> 14619
<NET-CHANGE-IN-ASSETS> 20367025
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1628546
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1008438
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2348275
<AVERAGE-NET-ASSETS> 157942
<PER-SHARE-NAV-BEGIN> 21.81
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 2.61
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.80)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.55
<EXPENSE-RATIO> 2.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 323
<NAME> INDEX ALLOCATION FUND CLASS C
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 124034050
<INVESTMENTS-AT-VALUE> 172913453
<RECEIVABLES> 529223
<ASSETS-OTHER> 4856
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 173447532
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 861017
<TOTAL-LIABILITIES> 861017
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 119266530
<SHARES-COMMON-STOCK> 2859363
<SHARES-COMMON-PRIOR> 2573524
<ACCUMULATED-NII-CURRENT> (73536)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4514118
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48879403
<NET-ASSETS> 67363722
<DIVIDEND-INCOME> 2060542
<INTEREST-INCOME> 79573
<OTHER-INCOME> 0
<EXPENSES-NET> (2323517)
<NET-INVESTMENT-INCOME> (183402)
<REALIZED-GAINS-CURRENT> 8684372
<APPREC-INCREASE-CURRENT> 9193064
<NET-CHANGE-FROM-OPS> 17694034
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2072172)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 860963
<NUMBER-OF-SHARES-REDEEMED> 641920
<SHARES-REINVESTED> 66796
<NET-CHANGE-IN-ASSETS> 20367025
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1628546
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1008438
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2348275
<AVERAGE-NET-ASSETS> 157942
<PER-SHARE-NAV-BEGIN> 21.82
<PER-SHARE-NII> (0.10)
<PER-SHARE-GAIN-APPREC> 2.64
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.80)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.56
<EXPENSE-RATIO> 2.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Independent Auditors' Report on Internal Accounting Controls
The Board of Trustees and Shareholders
Stagecoach Funds, Inc.:
In planning and performing our audit of the financial statements of Stagecoach
Funds, Inc.(comprised of the Asset Allocation Fund, Index Allocation Fund, and
U.S. Government Allocation Fund) for the eleven months ended February 28, 1999,
we considered internal control, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on internal control.
The management of Stagecoach Funds, Inc. is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
February 28, l999.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.
April 2 , 1999
