STAGECOACH FUNDS INC /AK/, 485APOS, 1999-05-28

STAGECOACH FUNDS INC /AK/
485APOS, 1999-05-28

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<PAGE>

As filed with the Securities and Exchange Commission
on May 28, 1999
Registration No. 33-42927; 811-6419

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------------------
FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [_]

Pre-Effective Amendment No. [_]

Post-Effective Amendment No. 54 [X]
and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [_]

Amendment No. 55 [X]

________________________

STAGECOACH FUNDS, INC.
(Exact Name of Registrant as specified in Charter)
111 Center Street
Little Rock, Arkansas 72201
(Address of Principal Executive Offices, including Zip Code)
Registrant's Telephone Number, including Area Code: (800) 643-9691
Richard H. Blank, Jr.
c/o Stephens Inc.
111 Center Street
Little Rock, Arkansas 72201
(Name and Address of Agent for Service)
With a copy to:
Robert M. Kurucza, Esq.
Marco E. Adelfio, Esq.
Morrison & Foerster LLP
2000 Pennsylvania Ave., N.W.
Washington, D.C. 20006

It is proposed that this filing will become effective (check appropriate box):

[_] Immediately upon filing pursuant to Rule 485(b), or

[_] on _________ pursuant to Rule 485(b)

[X] 60 days after filing pursuant to Rule 485(a)(1), or

[_] on _________ pursuant to Rule 485(a)(1)

[_] 75 days after filing pursuant to Rule 485(a)(2), or

[_] on ___________pursuant to Rule 485(a)(2)

If appropriate, check the following box:

[_] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<PAGE>

EXPLANATORY NOTE
----------------

This Post-Effective Amendment No. 54 (the "Amendment") to the Registration
Statement of Stagecoach Funds, Inc. (the "Company") is being filed to add to the
Company's Registration Statement audited financial statements and certain other
financial information for the year ended March 31, 1999 for the money market
Funds of the Company, and to make certain other changes to the prospectuses and
statement of additional information for these Funds.

This Post Effective Amendment does not affect the Registration Statement
for any of the Company's other funds.
<PAGE>

STAGECOACH FUNDS, INC.
----------------------
Cross Reference Sheet
---------------------

Form N-1A Item Number
- ---------------------

Part A Prospectus Captions
- ------ -------------------

1 Front and Back Cover Pages
2 Objectives and Principal Strategies
Important Risks
3 Summary of Expenses
Example of Expenses
4 Objectives and Principal Strategies
Important Risks
See Individual Fund Summaries
General Investment Risks
5 Not applicable
6 Organization and Management of the Funds
7 Your Account
How to Buy Shares
How to Sell Shares
Dividends and Distributions
Taxes
8 A Choice of Share Classes
Reduced Sales Charges
Distribution Plan
Exchanges
9 See Individual Fund Summaries

Part B Statement of Additional Information Captions
- ------ --------------------------------------------

10 Cover Page and Table of Contents
11 Historical Fund Information
12 Investment Restrictions
Additional Investment Policies
Risk Factors
13 Management
14 Capital Stock
15 Management
16 Portfolio Transactions
17 Capital Stock
18 Determination of Net Asset Value
Additional Purchase and Redemption Information
19 Federal Income Taxes
20 Management
21 Performance Calculations
22 Financial Information

Part C Other Information
- ------ -----------------

23-30 Information required to be included in Part C is set forth under the
appropriate Item, so numbered, in Part C of this Document.
<PAGE>

AUGUST 1, 1999
FRONT COVER

Stagecoach
Money Market Funds
Prospectus

Please read this Prospectus and keep it for future
reference. It is designed to provide you with
important information and to help you decide if the
Fund's goals match your own.
Money Market
Fund These securities have not been approved
or disapproved by the U.S. Securities and
Exchange Commission ("SEC"), any state
securities commission or any other
regulatory authority, nor have any of these
authorities passed upon the accuracy or
adequacy of this Prospectus. Any
Class S representation to the contrary is a
criminal offense.

Fund shares are NOT deposits of Wells Fargo Bank,
N.A. ("Wells Fargo Bank") or any of its affiliates.
Fund shares are NOT insured or guaranteed by the U.S.
Government, the Federal Deposit Insurance Corporation
("FDIC") or any other governmental agency. AN
INVESTMENT IN THE FUND INVOLVES CERTAIN RISKS,
INCLUDING POSSIBLE LOSS OF PRINCIPAL.

1
<PAGE>

INSIDE FRONT COVER

2
<PAGE>

Table of Contents

Overview

This section contains Objective and Principal
important summary Strategy
information about the Summary of Important Risks
Fund. Performance History
Summary of Expenses

- -------------------------------------------------------------------------------

The Fund

This section contains Money Market Fund
important information General Investment Risks
about the Fund. Organization and Management of the Fund

- -------------------------------------------------------------------------------

Your Account

Turn to this section for Your Account
information on how to How to Buy Shares
open and maintain How to Sell Shares
your account, including Exchanges
how to buy, sell and Additional Services and
exchange Fund shares. Other Information

- -------------------------------------------------------------------------------

Glossary

3
<PAGE>

MONEY MARKET FUND OVERVIEW

Money Market Fund

Objective
Seeks to provide investors with a high level of income, while preserving capital
and liquidity.

Principal Strategy
We invest in U.S. dollar-denominated, high quality money market instruments and
repurchase agreements.

SUMMARY OF IMPORTANT RISKS

This section summarizes important risks that are associated with the Fund
described in this Prospectus. Additional information about these and other
risks is included in the Fund Description later in this Prospectus and under
General Investment Risks beginning on page __. An investment in the Fund is
not a deposit of Wells Fargo Bank and is not insured or guaranteed by the
FDIC or any other government agency.

The Fund invest in debt securities, such as notes and bonds, which are
subject to credit risk and interest rate risk. Credit risk is the possibility
that an issuer of an instrument will be unable to make interest payments or
repay principal. Changes in the financial strength of an issuer or changes in
the credit rating of a security may affect its value. Interest rate risk is
the risk that interest rates may increase, which will reduce the resale value
of securities in the Fund's investments, including U.S. Government
obligations. Debt securities with longer maturities are generally more
sensitive to interest rate changes than those with shorter maturities.
Changes in market interest rates do not affect the rate payable on debt
securities held in the Fund, unless the securities have adjustable or
variable rate features, which can reduce interest rate risk. Changes in
market interest rates may also extend or shorten the duration of certain
types of instruments, such as asset-backed securities, and affect their value
and the return on your investment.

Although the Fund seeks to maintain a stable net asset value of $1.00 per
share, there is no assurance it will be able to do so.

4
<PAGE>

PERFORMANCE HISTORY

Money Market Fund

[BAR CHART]

-------------------------------

[TABLE]

-------------------------------

5
<PAGE>

Summary of Expenses

Shareholder Fees
These tables describe the fees and expenses that you may pay if you buy and
hold shares of the Fund.

- -------------------------------------------------------
Minimum sales charge
(load)
imposed on purchases (as
a percentage of
offering price) None
- -------------------------------------------------------
Maximum deferred sales
charge (load)
(as a percentage of
purchase price) None
- -------------------------------------------------------

Annual Fund Operating Expenses
(Expenses that are deducted from Fund assets)

- ----------------------------------------
Management
Fees
- ----------------------------------------
Distribution
(12b-1) Fees
- ----------------------------------------
Other
Expenses
- ----------------------------------------
TOTAL
ANNUAL
FUND
OPERATING

EXPENSES/1/
- ----------------------------------------

/1/ The actual expenses incurred by the Fund will be lower than the contract
amounts shown above as a result of voluntary fee waivers. The Fund's actual
expenses after waivers are currently as follows: (__%). Fee waivers are
voluntary and may be discontinued or modified at any time.

6
<PAGE>

Summary of Expenses (Cont'd)

Example of Expenses
These examples are intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds.

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you redeem your shares at the end of each period:

- --------------------------------
1 YEAR
- --------------------------------
3 YEARS
- --------------------------------
5 YEARS
- --------------------------------
10 YEARS
- --------------------------------

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you do NOT redeem your shares at the end of the periods
shown:

7
<PAGE>

The summary information on the previous pages is designed to provide you with an
overview of the Fund. The sections that follow provide more detailed information
about the investments and management of the Fund. Words appearing in italicized
print and highlighted in color are defined in the Glossary.

Important information you should look for:

Investment Objective and Investment Policies
What is the Fund trying to achieve? How do we intend to invest your money? What
makes the Fund different from other funds?

Permitted Investments
A summary of the Fund's key permitted investments and practices.

Important Risk Factors
What are key risk factors for the Fund? This will include the factors described
in "General Investment Risks" together with any special risk factors for the
Fund.

Financial Highlights
Provides important financial information about each class of shares of the Fund.

8
<PAGE>

Money Market Fund

Investment Objective
The Money Market Fund seeks to provide investors with a high level of income,
while preserving capital and liquidity, by investing in high quality, short-term
instruments.

Investment Policies
We actively manage a portfolio of U.S. dollar-denominated, high quality money
market instruments, including debt obligations with remaining maturities of 397
days or less. We maintain an overall dollar-weighted average maturity of 90 days
or less. We may also make certain other investments including, for example,
repurchase agreements.

Permitted Investments
Under normal market conditions, we invest in:

. commercial paper rated at the date of purchase as "P-1" by Moody's or "A-1+
" or "A-1" by S&P;
. negotiable certificates of deposits and banker's acceptances;
. repurchase agreements;
. U.S. Government obligations;
. short-term, U.S. dollar-denominated debt obligations of U.S. branches of
foreign banks and foreign branches of U.S. banks;
. municipal obligations; and
. share of other money market funds.

Important Risk Factors
You should consider both the General Investment Risks listed on page __ and the
specific risks listed below. They are both important to your investment choice.

MONEY MARKET FUND FINANCIAL HIGHLIGHTS
Class S
- -------------------------------------------------------------------------------

FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- -------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SIX MONTHS
YEAR ENDED YEAR ENDED ENDED
MARCH 31, MARCH 31, MARCH 31,
1999 1998 1997 (1)

- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
NET ASSET VALUE, BEGINNING OF PERIOD $1.00 $1.00 $1.00
---------- ---------- ----------
INCOME FROM INVESTMENT OPERATIONS:
Net investment income (loss) 0.04 0.04 0.02
Net realized gain (loss) on investments 0.00 0.00 0.00
---------- ---------- ----------
TOTAL FROM INVESTMENT OPERATIONS 0.04 0.04 0.02
LESS DISTRIBUTIONS:
Dividends from net investment income (0.04) (0.04) (0.02)
Distributions from net realized gain 0.00 0.00 0.00
---------- ---------- ----------
TOTAL FROM DISTRIBUTIONS (0.04) (0.04) (0.02)
---------- ---------- ----------
NET ASSET VALUE, END OF PERIOD $1.00 $1.00 $1.00
---------- ---------- ----------
---------- ---------- ----------
TOTAL RETURN (NOT ANNUALIZED) 4.10% 4.37% 2.02%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000s) $1,158,589 $951,172 $707,781
RATIOS TO AVERAGE NET ASSETS (ANNUALIZED):
Ratio of expenses to average net assets 1.42% 1.42% 1.43%
Ratio of net investment income to average net assets 4.01% 4.28% 4.02%
- -----------------------------------------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets prior
to waived fees and reimbursed expenses 1.62% 1.62% 1.56%
Ratio of net investment income (loss) to average net
assets prior to waived fees and reimbursed expenses 3.81% 4.08% 3.89%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

(1) THE FUND CHANGED ITS FISCAL YEAR-END FROM SEPTEMBER 30 TO MARCH 31.
(2) THE FUND CHANGED ITS FISCAL YEAR-END FROM DECEMBER 31 TO SEPTEMBER 30.
(3) THIS CLASS OF SHARES COMMENCED OPERATIONS ON MAY 25, 1995.
The accompanying notes are an integral part of these financial statements.

<PAGE>
- -------------------------------------------------------------------------------

- -------------------------------------------------------------------------------

NINE
MONTHS PERIOD
ENDED ENDED
SEPT. 30, DEC. 31,
1996 (2) 1995 (3)
- -------------------------------------------------------------
NET ASSET VALUE, BEGINNING
OF PERIOD $1.00 $1.00
---------- ----------
INCOME FROM INVESTMENT
OPERATIONS:
Net investment income
(loss) 0.03 0.03
Net realized gain (loss)
on investments 0.00 0.00
---------- ----------
TOTAL FROM INVESTMENT
OPERATIONS 0.03 0.03
LESS DISTRIBUTIONS:
Dividends from net
investment income (0.03) (0.03)
Distributions from net
realized gain 0.00 0.00
---------- ----------
TOTAL FROM DISTRIBUTIONS (0.03) (0.03)
---------- ----------
NET ASSET VALUE, END OF
PERIOD $1.00 $1.00
---------- ----------
TOTAL RETURN (NOT
ANNUALIZED) 3.03% 2.73%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period
(000s) $699,231 $618,899
RATIOS TO AVERAGE NET ASSETS
(ANNUALIZED):
Ratio of expenses to
average net assets 1.42% 1.43%
Ratio of net investment
income to average net
assets 3.98% 4.40%
- -------------------------------------------------------------
Ratio of expenses to average
net assets prior to waived
fees and reimbursed
expenses 1.55% 1.53%
Ratio of net investment
income (loss) to average
net assets prior to waived
fees and reimbursed
expenses 3.85% 4.30%

9
<PAGE>

General Investment Risks

Understanding the risks involved in mutual fund investing will help you make an
informed decision that takes into account your risk tolerance and preferences.
You should carefully consider the risks common to investing in all mutual funds,
including the Stagecoach Funds. Certain common risks are identified in the
Summary of Important Risks on page ___. Other risks of mutual fund investing
include the following:

. Unlike bank deposits, such as CDs or savings accounts, mutual funds are not
insured by the FDIC.
. We cannot guarantee that we will meet our investment objectives. In
particular, we cannot guarantee that we will be able to maintain a $1.00
per share net asset value.
. We do not guarantee the performance of the Fund, nor can we assure you that
the market value of your investment will not decline. We will not "make
good" any investment loss you may suffer, nor can anyone we contract with
to provide certain services, such as selling agents or investment advisors,
offer or promise to make good any such losses.
. Share prices -- and therefore the value of your investment -- will increase
and decrease with changes in the value of the underlying securities and
other investments. This is referred to as price volatility.
. Investing in any mutual fund, including those deemed conservative, involves
risk, including the possible loss of any money you invest.
. An investment in a single Fund, by itself, does not constitute a complete
investment plan.
. The Fund may invest a portion of its assets in U.S. Government obligations.
It is important to recognize that the U.S. Government does not guarantee
the market value or current yield of those obligations. Not all U.S.
Government obligations are backed by the full faith and credit of the U.S.
Treasury, and the U.S. Government's guarantee does not extend to the Fund
itself.
. The Fund may also use certain derivative instruments, such as options or
futures contracts. The term "derivatives" covers a wide number of
investments, but in general it refers to any financial instrument whose
value is derived, at least in part, from the price of another security or a
specified index, asset or rate. Some derivatives may be more sensitive to
interest rate changes or market moves, and some may be susceptible to
changes in yields or values due to their structure or contract terms.

What follows is a general list of the types of risks (some of which are
described above) that may apply to the Fund and a table showing some of the
additional investment practices that the Fund may use and the risks associated
with them. Additional information about these practices is available in the
Statement of Additional Information.

Counter-Party Risk -- The risk that the other party in a repurchase agreement or
other transaction will not fulfill its contract obligation.

Credit Risk -- The risk that the issuer of a debt security will be unable to
make interest payments or repay principal on schedule. If an issuer does
default, the affected security could lose all of its value, or be renegotiated
at a lower interest rate or principal amount. Affected securities might also
lose liquidity. Credit risk also includes the risk that a party in a transaction
may not be able to complete the transaction as agreed.

Diplomatic Risk--The risk that an adverse change in the diplomatic relations
between the United States and another country might reduce the value of
liquidity of investments in either country.

Information Risk--The risk that information about a security is either
unavailable, incomplete or is inaccurate.

Interest Rate Risk--The risk that changes in interest rates can reduce the value
of an existing security. Generally, when interest rates increase, the value of a
debt security decreases. The effect is usually more pronounced for securities
with longer dates to maturity.

10
<PAGE>

General Investment Risks (Cont'd)

Leverage Risk--The risk that an investment practice, such as lending portfolio
securities or engaging in forward commitment or when-issued securities
transactions, may increase the Fund's exposure to market risk, interest rate
risk or other risks by, in effect, increasing assets available for investment.

Liquidity Risk--The risk that a security cannot be sold, or cannot be sold
without adversely affecting the price.

Market Risk--The risk that the value of a stock, bond or other security will be
reduced by market activity. This is a basic risk associated with all securities.

Political Risk--The risk that political actions, events or instability may be
unfavorable for investments made in a particular nation's or region's industry,
government or markets.

Regulatory Risk--The risk that changes in government regulations will adversely
affect the value of a security. Also the risk that an insufficiently regulated
market might permit inappropriate trading practices.

Year 2000 Risk--The Fund's principal service providers have advised the Fund
that they are working on the necessary changes to their computer systems to
avoid any system failure based on an inability to distinguish the year 2000 from
the year 1900, and that they expect their systems to be adapted in time. There
can, of course, be no assurance of success. In addition, the companies or
entities in which the Fund invests also could be adversely impacted by the Year
2000 issue, especially foreign entities, which my be less prepared for the Year
2000. The extent of such impact cannot be predicted.

Investment Practice/Risk

The following table lists some of the additional investment practices of the
Fund, including some not disclosed in the Investment Objective and Investment
Policies sections of the Prospectus. The risks indicated after the description
of the practice are NOT the only potential risks associated with that practice,
but are among the more prominent. Market risk is assumed for each. See the
Investment Objective and Investment Policies for the Fund or the Statement of
Additional Information for more information on these practices.

Investment practices and risk levels are carefully monitored. We attempt to
ensure that the risk exposure for the Fund remains within the parameters of its
objective.

In addition to the general risks discussed above, you should carefully consider
and evaluate any special risks that may apply to investing in the Fund. See the
"Important Risk Factors" in the summary for the Fund. You should also see the
Statement of Additional Information for additional information about the
investment practices and risks particular to the Fund.

- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MONEY MARKET
==========================================================================================================
INVESTMENT PRACTICE: RISK:
==========================================================================================================
<S> <C> <C>
FLOATING AND VARIABLE RATE DEBT
Instruments with interest rates that are adjusted either Interest Rate and *
on a schedule or when an index or benchmark changes. Credit Risk
- ----------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
A transaction in which the seller of a security agrees to Credit and
buy back a security at an agreed upon time and price, Counter-Party Risk *
usually with interest.
- ----------------------------------------------------------------------------------------------------------
OTHER MUTUAL FUNDS
The temporary investment in shares of another money Market Risk *
market fund. A pro rata portion of the other fund's
expenses, in addition to the expenses paid by the Fund,
will be borne by Fund shareholders.
- ----------------------------------------------------------------------------------------------------------
FOREIGN OBLIGATIONS
Dollar-denominated debt obligations of foreign Information, Currency,
branches of U.S. banks or U.S. branches of foreign Liquidity, Political, *
banks. Regulatory, and
Diplomatic Risk
- ----------------------------------------------------------------------------------------------------------
LOANS OF PORTFOLIO SECURITIES
The practice of loaning securities to brokers, dealers Credit, Leverage and *
and financial institutions to increase return on those Counter-Party Risk
securities. Loans may be made in accordance with
existing investment policies.
- ----------------------------------------------------------------------------------------------------------
BORROWING POLICIES
The ability to borrow an equivalent of 10% Leverage Risk *
of assets from banks for temporary purposes
to meet shareholder redemptions.
- ----------------------------------------------------------------------------------------------------------
ILLIQUID SECURITIES
A security that cannot be readily sold, or cannot be Liquidity Risk *
readily sold without negatively affecting its fair price.
Illiquid securities are limited to 10% of total assets.
- ----------------------------------------------------------------------------------------------------------
</TABLE>

11
<PAGE>

Organization and Management of the Fund

A number of different entities provide services to the Fund. This section shows
how the Fund is organized, the entities that perform different services, and how
they are compensated. Further information is available in the Statement of
Additional Information for the Fund.

The Fund is one of over 30 Funds of Stagecoach Funds, an open-end management
investment company. Stagecoach was organized on September 9, 1991, as a Maryland
Corporation.

The Board of Directors of Stagecoach supervises the Fund's activities and
approves the selection of various companies hired to manage the Fund's
operation. The major service providers are described in the diagram below.
Except for the advisors, which require shareholder vote to change, if the Board
believes that it is in the best interests of the shareholders, it may make a
change in one of these companies.

-----------------------------------------------------------------------------
BOARD OF DIRECTORS
- --------------------------------------------------------------------------------
Supervises the Fund's activities
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
INVESTMENT ADVISOR CUSTODIAN
- --------------------------------------------------------------------------------
Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
525 Market St., San Francisco, CA 525 Market St., San Francisco, CA
Manages the Fund's investment Provides safekeeping for the Fund's
activities assets
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
INVESTMENT SUB-ADVISOR
- --------------------------------------------------------------------------------
Wells Capital Management Incorporated
525 Market St.
San Francisco, CA
Manages the Fund's investment
activities
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

SHAREHOLDER
TRANSFER SERVICING
DISTRIBUTOR ADMINISTRATOR AGENT AGENTS
- --------------------------------------------------------------------------------

Stephens Inc. Wells Fargo Bank, N.A. BFDS, Inc. Various Agents
111 Center St. 525 Market St. Two Heritage Dr.
Little Rock, AR San Francisco, CA Quincy, MA
Markets the Fund Manages the Maintains records Provide
and distributes Fund's business of shares and services to
shares activities supervises the customers
paying of
dividends
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
FINANCIAL SERVICES FIRMS AND SELLING AGENTS
- --------------------------------------------------------------------------------
Advise current and prospective shareholders on their Fund investments
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
SHAREHOLDERS
- --------------------------------------------------------------------------------

12
<PAGE>

Organization and Management of the Fund (Cont'd)

In the following sections, the percentages shown are the percentages of the
average daily net assets of the Fund paid on an annual basis for the services
described.

The Investment Advisor
Wells Fargo Bank provides portfolio management and fundamental security analysis
services as the advisor for the Fund. Wells Fargo Bank, founded in 1852, is the
oldest bank in the western United States and is one of the largest banks in the
United States. Wells Fargo Bank is a wholly owned subsidiary of Wells Fargo &
Company, a national bank holding company. As of [______, 1999,] Wells Fargo Bank
and its affiliates managed over [$___] billion in assets. The Fund paid Wells
Fargo Bank advisory services (after fee waivers) for the last fiscal year of [
___ % ] of average annual net assets.

The Investment Sub-Advisor
Wells Capital Management Incorporated ("WCM"), a wholly owned subsidiary of
Wells Fargo Bank, is the sub-advisor for the Fund. As of [___ __, 1999], WCM
provided investment advice for assets aggregating in excess of [$__ billion].
For providing sub-advisory services to the Fund, WCM is entitled to receive from
Wells Fargo Bank .05% of the Fund's assets up to the first $960 million and .04%
of all assets above $960 million. WCM is entitled to receive from Wells Fargo
Bank a minimum annual sub-advisory fee of $120,000. This minimum annual fee
payable to WCM does not affect the advisory fee paid by the Fund to Wells Fargo
Bank.

The Administrator
Wells Fargo Bank provides the Fund with administration services, including
general supervision of the Fund's operation, coordination of the other services
provided to the Fund, compilation of information for reports to the SEC and the
state securities commissions, preparation of proxy statements and shareholder
reports, and general supervision of data compilation in connection with
preparing periodic reports to the Company's Directors and officers. Wells Fargo
Bank also furnishes office space and certain facilities to conduct the Fund's
business, and compensates the Company's Directors.

Shareholder Servicing Plan
We have a shareholder servicing plan for the Fund. We have agreements with
various shareholder servicing agents to process purchase and redemption
requests, to service shareholder accounts, and to provide other related
services. For these services, shareholder servicing agents are entitled to
receive a fee up to .25% of average annual net assets.

13
<PAGE>

Your Account

This section tells you how to open a Fund account and how to buy, sell or
exchange Fund shares once your Fund account is open.

Opening an Account
Class S shares of the Fund are offered by this Prospectus to business that
establish a Business Dividend Checking Account (an "Account") with Wells Fargo
Bank. Each Account combines a Transaction Account (a non-interest bearing
deposit account) with a periodic sweep of balances to or from the Fund.
Investors may open an Account by completing and signing an Account Application
and appropriate Disclosure Statement. The Disclosure Statement contains
important information about the various features and operations of the Accounts
and should be reviewed in conjunction with this Prospectus. Wells Fargo Bank
may, in the future, permit investors to acquire shares of the Fund through
additional accounts not described in this Prospectus.

Important Information:
. Read this Prospectus carefully. Discuss any questions you have with your
Institution. You may also ask for copies of the Statement of Additional
Information and Annual Report. Copies are available free of charge from
your Selling Agent or by calling 1-800-222-8222.
. We process requests to buy shares each business day. The Fund is open
Monday through Friday and is closed on weekends and federal bank holidays.
. On any day the trading market for both U.S. government securities and money
market instruments close early, the Funds will close early. On these days,
the NAV calculation time discussed below may be earlier than 12:00 noon. On
days when the Fund is closed, NAV will not be calculated.
. Requests received from an Institution in proper form before 12:00 noon
(Pacific time) generally are processed at 12:00 noon on the same day.
. Requests we receive after the above-specified times are processed the next
business day at the applicable Net Asset Value (NAV) per share.
. We reserve the right to cancel any purchase order or delay redemption if
your check does not clear. We may also reserve the right to delay payment
of a redemption so that we may be reasonably certain that investments made
by check have been collected.
. As with all mutual fund investments, the price you pay to purchase shares
or the price you receive when you redeem shares is not determined until
after a request has been received in proper form.
. We determine the NAV of each Fund's shares by subtracting the Fund
liabilities from its total assets, and then dividing the result by the
total number of outstanding shares of that Fund. The Fund uses the
amortized cost method to value portfolio securities pursuant to Rule 2a-7
under the 1940 Act. See the Statement of Additional Information for further
information.
. You may have to complete additional paperwork for certain types of account
registrations, such as a Trust. Please speak to Investor Services
(1-800-222-8222) if you are investing directly with Stagecoach Funds, or
speak to your Selling Agent if you are buying shares through a brokerage
account.
. Once an account has been opened, you can add additional Funds under the
same registration without requiring a new application.

How to Buy Shares
Class S shares may be purchased on any day the Fund and Wells Fargo Bank are
open by making a deposit into your Account. On each day Wells Fargo Bank and the
Fund are open Wells Fargo Bank computes the Net Sweep Amount, which is the net
amount of all deposits, withdrawals, charges and credits made to and from a
Transaction Account. If deposits and credits exceed withdrawals and charges, you
authorize Wells Fargo Bank, on your behalf, to transmit a purchase order to the
Fund designated in your Account in the amount of that day's Net Sweep Amount.
For example, if you make a $500 deposit and withdraw $100 on the same day, and
there are no other transactions on that day, the Net Sweep Amount for that day
would be

14
<PAGE>

Your Account (Cont'd)

$400. Wells Fargo Bank, on your behalf, would transmit a purchase order to the
designated Fund on the next business day in the amount of $400. Your purchase
order will be made effective and full and fractional shares will be purchased at
the next determined NAV, which is expected to remain a constant $1.00 per
shares. Deposits and other transactions to your Account are sometimes not
immediately included in the Net Sweep Amount on the same business day as the day
of deposit. Local and non-local checks are usually credited to your Net Sweep
Amount on the first or second business day, respectively, after the day of your
deposit. In addition, adjustments may sometimes be made to your Account to
reflect dishonored or returned items. For additional information refer to the
applicable Disclosure Statement and, specifically therein, "Holds and Funds
Availability."

How to Sell Shares
If, on any day Wells Fargo Bank and the Fund are open for business, withdrawals
from your Business Dividend Checking Account, including check transactions,
exceed deposits and credits, Wells Fargo Bank will transmit a redemption order
on your behalf to the Fund in the dollar amount of the day's Net Sweep Amount.
If your Business Dividend Checking Account with Wells Fargo Bank is closed as
described in the applicable Disclosure Statement, Wells Fargo Bank transmits a
redemption request on your behalf to the Fund for the balance of the Class S
shares of the Fund held through your Account. Your shares are normally redeemed
at the next NAV, expected to be a constant $1.00 per share, calculated after the
Fund has received the redemption order transmitted on your behalf. The Fund
ordinarily will remit your redemption proceed shortly after your redemption
order is received from Wells Fargo Bank unless the SEC permits a longer period
under extraordinary circumstances. Such extraordinary circumstances could
include a period during which an emergency exists as a result of which (a)
disposal by the Fund of securities owned by it is not reasonably practicable or
(b) it is not reasonably practicable for the Fund to determine fairly the value
of its net assets, or a period during which the SEC by order permits deferral of
redemptions for the protection of security holders of the Fund. In addition,
Wells Fargo Bank may withhold redemption proceeds pending check collection or
processing or for other reasons all as set forth more fully in "Holds and funds
Availability" and elsewhere in the applicable Disclosure Statement.

General Notes for Selling Shares
. We process requests to sell shares each business day. Requests we receive
in proper form for the Fund before 12:00 noon (Pacific time) generally are
processed at 12:00 noon on the same day.
. Selling Agents may establish earlier cut-off times for processing your
order. Requests received by a Selling Agent after the applicable cut-off
time will be processed the next business day.
. If you purchased shares through a packaged investment product or retirement
plan, read the directions for selling shares provided by the product or
plan. There may be special requirements that supersede the directions in
this Prospectus.
. We reserve the right to delay payment of a redemption for up to 15 days so
that we may be reasonably certain that investments made by check have been
collected. Payments of redemptions also may be delayed under extraordinary
circumstances or as permitted by the SEC in order to protect remaining
shareholders. Payments of redemptions also may be delayed up to seven days
under normal circumstances, although it is not our policy to delay such
payments.
. Generally, we pay redemption requests in cash, unless the redemption
request is for more than $250,000 or 1% of the net assets of the Fund by a
single shareholder over any ninety-day period. If a request for a
redemption is over these limits it may be to the detriment of existing
shareholders. Therefore, we may pay the redemption in part or in whole in
securities of equal value.

15
<PAGE>

Your Account (Cont'd)

Distribution Plan
We have adopted a Distribution Plan for the Fund. This Plan is used to defray
all or part of the cost of preparing and distributing prospectuses and
promotional materials. The Fund may participate in joint distribution activities
with other Stagecoach Funds. The cost of these activities is generally allocated
among the Funds. Funds with higher asset levels pay a higher proportion of these
costs. The Fund may pay up to .75% under the Plan for the Class S shares.

16
<PAGE>

Exchanges

Exchanges between Stagecoach Funds are two transactions: a sale of one Fund and
the purchase of another. In general, the same rules and procedures that apply to
sales and purchases apply to exchanges. There are, however, additional factors
you should keep in mind while making or considering an exchange:

. You should carefully read the Prospectus for the Fund into which you wish
to exchange.
. If you exchange between a money market mutual Fund and a Fund with a sales
load, you will buy shares at the Public Offering Price (POP) of the new
Fund and a sales load may be assessed.
. If you are making an initial investment into a new Fund through an
exchange, you must exchange at least the minimum first purchase amount of
the Fund you are redeeming, unless your balance has fallen below that
amount due to market conditions.
. Any exchange between Funds you already own must meet the minimum redemption
and subsequent purchase amounts for the Funds involved.
. Exchanges from any share class to a money market fund can only be re-
exchanged for the original share class.
. In order to discourage excessive Fund transaction expenses that must be
borne by other shareholders, we reserve the right to limit or reject
exchange orders. Generally, we will notify you 60 days in advance of any
changes in your exchange privileges.
. You may exchange shares of the Fund for Class A, B or C shares of a non-
money market fund.

17
<PAGE>

Additional Services and Other Information

Dividend and Capital Gains Distributions
The Fund intends to distribute on a daily basis to shareholders of record as of
12:00 noon (Pacific time). You begin earning dividends on your Class S shares of
the Fund on the day your purchase order for such shares is effective and
continue to earn dividends through the day prior to the date you redeem such
shares. Dividends for a Saturday, Sunday or holiday are credited on the
preceding business day. If you redeem shares before the dividend payment date,
any dividends credited to you will be paid on the following dividend payment
date. The Fund distributes any capital gains at least annually. Dividends
declared in a month are reinvested in S Class shares of the Fund in the early
following month.

Taxes

The following discussion regarding taxes is based on laws that were in effect as
of the date of this Prospectus. The discussion summarizes only some of the
important tax considerations that affect the Funds and you as a shareholder. It
is not intended as substitute for careful tax planning. You should consult your
tax advisor about your specific tax situation. Federal income tax considerations
are discussed further in the Statement of Additional Information.

We will pass on to you net investment income and net short-term capital gains
earned by a Fund as dividend distributions. In general, these are taxable to you
as ordinary income.

We will pass on to you any net capital gains earned by a Fund as capital gain
distributions. In general, these distributions will be taxable to you as
long-term capital gains, which may qualify for taxation at preferential rates in
the hands of non-corporate shareholders. However, distributions declared in
October, November and December and distributed by the following January will be
taxable as if they were paid on December 31 of the year in which they were
declared. We will notify you annually as to the status of your Fund
distributions.

If you buy shares of a Fund shortly before it distributes its annual gains, your
distribution from the Fund will, in effect, be a taxable return of part of your
investment. Similarly, if you buy shares of a Fund that holds appreciated
securities in its portfolio, you will receive a taxable return of part of your
investment if and when the Fund sells the appreciated securities and realizes
the gain. Some of the Funds have built up, or have the potential to build up,
high levels of unrealized appreciation.

Foreign shareholders may be subject to different tax treatment, including
withholding taxes. In certain circumstances, U.S. residents will be subject to
back-up withholding taxes.

As long as the Fund continually maintains a $1.00 NAV, you ordinarily will not
recognize taxable gain or loss on the redemption or exchange of your Fund
Shares.

18
<PAGE>

Glossary

We provide the following definitions to assist you in reading this prospectus.
For a more complete understanding of these terms you should consult your
financial adviser.

ACH
Refers to the "Automated Clearing House" system maintained by the Federal
Reserve Bank which allows banks to process checks, transfer funds and perform
other tasks.

Annual and Semi-Annual Report
A document that provides certain financial and other important information for
the most recent reporting period and each Fund's portfolio of investments.

Asset-Backed Securities
Securities consisting of an undivided fractional interest in pools of consumer
loans, such as car loans or credit card debt, or receivables held in trust.

Business Day
Any day the Fund is open. The Fund is generally open Monday through Friday and
is closed on weekends and federal bank holidays.

Capital Appreciation, Capital Growth
The increase in the value of a security. See also "total return."

Commercial Paper
Debt instruments issued by banks, corporations and other issuers to finance
short-term credit needs. Commercial paper typically is of high credit quality
and offers below market interest rates.

Current Income
Earnings in the form of dividends or interest as opposed to capital growth. See
also "total return."

Debt Securities
Generally, a promise to pay interest and repay principal by an individual or
group of individuals sold as a security. The owner of the security is entitled
to receive any such payments. Examples include bonds and mortgage- and other
asset-backed securities and can include securities in which the right to receive
interest and principal repayment have been sold separately.

Derivatives
Securities whose values are derived in part from the value of another security
or index. An example is a stock option.

Distributions
Dividends and/or capital gains paid by a Fund on its shares.

Dollar-Denominated
Securities issued by foreign banks, companies or governments in U.S. dollars.

Duration
A measure of a security's or portfolio's sensitivity to changes in interest
rates. Duration is usually expressed in years, with longer durations typically
more sensitive to interest rate changes than shorter durations.

19
<PAGE>

Glossary (Cont'd)

FDIC
The Federal Deposit Insurance Corporation. This is the company that provides
federally sponsored insurance covering bank deposits such as savings accounts
and CDs. Mutual funds are not FDIC insured.

Institution
An affiliate, franchise or correspondent bank of Wells Fargo & Company and other
institutions.

Liquidity
The ability to readily sell a security at a fair price.

Money Market Instruments
High-quality short-term instruments meeting the requirements of Rule 2a-7 of the
1940 Act, such as bankers' acceptances, commercial paper, repurchase agreements
and government obligations. In a money market fund, average portfolio maturity
does not exceed 90 days, and all investments have maturities of 397 days or less
at the time of purchase.

Moody's
A nationally recognized ratings organization.

Options
An option is the right to buy or sell a security based on an agreed upon price
for at a specified time. For example, an option may give the holder of a stock
the right to sell the stock to another party, allowing the seller to profit if
the price has fallen below the agreed price. Options may also be based on the
movement of an index such as the S&P 500.

Preservation of Capital
The attempt by a fund's manager to reduce drops in the net asset value of fund
shares in order to preserve the initial investment.

Principal Stability
The degree to which share prices for a fund remain steady. Money market funds
attempt to achieve the highest degree of principal stability by maintaining a
$1.00 per share net asset value. More aggressive funds may not consider
principal stability an objective.

Public Offering Price (POP) The NAV with the sales load added.

Repurchase Agreement
An agreement between a buyer and seller of a security in which the seller agrees
to repurchase the security at an agreed upon price and time.

Selling Agent
A person who has an agreement with the Funds' distributors that allows them to
sell a Fund's shares.

20
<PAGE>

Glossary (Cont'd)

Shareholder Servicing Agent
Anyone appointed by the Fund to maintain shareholder accounts and records,
assist and provide information to shareholders or perform similar functions.

Signature Guarantee
A guarantee given by a financial institution that has verified the identity of
the maker of the signature.

S&P
Standard and Poors is one of the largest nationally recognized ratings
organization. S&P's also publishes various indexes or lists of companies
representative of sectors of the U.S. economy.

Statement of Additional Information
A document that supplements the disclosure made in the Prospectus.

Taxpayer Identification Number
Usually the social security number for an individual or the Employer
Identification Number for a corporation.

Total Return
The total value of capital growth and the value of all distributions, assuming
that distributions were used to purchase additional shares of the Funds.

Turnover Ratio
The percentage of the securities held in a Fund's portfolio, other than
short-term securities, that were bought or sold within a year.

Undervalued
Describes a stock that is believed to be worth more than its current price.

U.S. Government Obligations
Obligations issued or guaranteed by the U.S. Government, its agencies or
instrumentalities.

Weighted-Average Maturity
The average maturity for the debt securities in a portfolio on a
dollar-for-dollar basis.

21
<PAGE>

BACK COVER

STAGECOACH FUNDS(TM)

You may wish to review the following documents:

Statement of Additional Information
supplements the disclosures made by this Prospectus. The Statement of Additional
Information has been filed with the SEC and is incorporated by reference into
this Prospectus and is legally part of this Prospectus.

Annual/Semi-Annual Report
provides certain financial and other important information, including a
discussion of the market conditions and investment strategies that significantly
affected Fund performance, for the most recent reporting period.

These documents are available free of charge:

Call 1-800-222-8222, or

Write to:
Stagecoach Funds
PO Box 7066
San Francisco, CA 94120-7066

Visit the SEC's web site:
http://www.sec.gov, or

Request copies for a fee by writing to:
SEC Public Reference Room, Washington, DC 20549-6009
(call: 1-800-SEC-0330 for details)

ICA No. 811-6419 not FDIC insured -- no bank SC MMF-5 (8/99)
guarantee - may lose value

<PAGE>

AUGUST 1, 1999

Front Cover

Stagecoach
Money Market Funds
Prospectus

Please read this Prospectus and keep it for
future reference. It is designed to provide you
with important information and to help you
Overland Express decide if the Fund's goals match your own.
Sweep Fund
These securities have not been approved or
disapproved by the U.S. Securities and Exchange
Commission ("SEC"), any state securities commission
or any other regulatory authority, nor have any of
these authorities passed upon the accuracy or
adequacy of this Prospectus. Any representation to
the contrary is a criminal offense.

1
<PAGE>

Inside Front Cover

2
<PAGE>

Table of Contents

Overview Objectives and Principal Strategies
Important Risks
This section contains Performance History
important summary Summary of Expenses
information about the
Fund.

- ------------------------------------------------------------------------------

The Fund

This section contains Overland Express Sweep Fund
important information General Investment Risks
about the Fund. Organization and Management of the Fund

- ------------------------------------------------------------------------------

Your Account

Turn to this section for
information on how to Your Account
open and maintain How to Buy Shares
your account, including How to Sell Shares
how to buy, sell and Exchanges
exchange Fund shares. Additional Services and
Other Information

- ------------------------------------------------------------------------------

Glossary

3
<PAGE>

OVERLAND EXPRESS SWEEP FUND OVERVIEW

Overland Express Sweep Fund

Objective
Seeks to provide investors with a high level of current income, while preserving
capital and liquidity.

Principal Strategy
We invest in a broad range of U.S. dollar-denominated, high-quality money market
instruments, including debt obligations as well as certain other investment such
as repurchase agreements.

Summary Of Important Risks

This section summarizes important risks that are associated with the Fund
described in this Prospectus. Additional information about these and other
risks is included in this Prospectus and under "General Investment Risks"
beginning on page __. An investment in the Fund is not a deposit of Wells
Fargo Bank and is not insured or guaranteed by the FDIC or any other
government agency.

Although the Fund seeks to maintain a stable net asset value of $1.00 per
share, there is no assurance it will be able to do so.

4
<PAGE>

PERFORMANCE HISTORY

Overland Express Sweep Fund

[BAR CHART]

-----------------------------

[TABLE]

-----------------------------

5
<PAGE>

Summary of Expenses

Shareholder Fees
These tables describe the fees and expenses that you may pay if you buy and
hold shares of the Fund.

- -------------------------------------------------------------
Minimum sales charge (load)
imposed on purchases (as a percentage of
offering price) None
- -------------------------------------------------------------
Maximum deferred sales charge (load)
(as a percentage of purchase price) None
- -------------------------------------------------------------

Annual Fund Operating Expenses
(Expenses that are deducted from Fund assets)

- ---------------------------------------

Management Fees
- ---------------------------------------
Distribution (12b-1)
Fees
- ---------------------------------------
Other Expenses
- ---------------------------------------
TOTAL ANNUAL
FUND OPERATING
EXPENSES/1/
- ---------------------------------------

/1/ The actual expenses incurred by the Fund will be lower than the contract
amounts shown above as a result of voluntary fee waivers. The Fund's
actual expenses after waivers are currently as follows: __%. Fee waivers
are voluntary and may be discontinued or modified at any time.

6
<PAGE>

Summary of Expenses (Cont'd)

Example of Expenses
These examples are intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds.

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you redeem your shares at the end of each period:

- -----------------------------------
1 YEAR
- -----------------------------------
3 YEARS
- -----------------------------------
5 YEARS
- -----------------------------------
10 YEARS
- -----------------------------------

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you do NOT redeem your shares at the end of the periods
shown:

- ----------------------------------
1 YEAR
- ----------------------------------
3 YEARS
- ----------------------------------
5 YEARS
- ----------------------------------
10 YEARS
- ----------------------------------

7
<PAGE>

Important information you should look for:

Investment Objective and Investment Policies
What is the Fund trying to achieve? How do we intend to invest your money? What
makes the Fund different from other funds?

Permitted Investments
A summary of the Fund's key permitted investments and practices.

Important Risk Factors
What are key risk factors for the Fund? This will include the factors described
in "General Investment Risks" together with any special risk factors for the
Fund.

Financial Highlights
Provides important financial information about the Fund.

8
<PAGE>

Overland Express Sweep Fund

Investment Objective
The Overland Express Sweep Fund seeks to provide investors with a high level of
current income, while preserving capital and liquidity.

Investment Policies
We pursue this objective by actively managing a portfolio consisting of a broad
range of U.S. dollar-denominated, high-quality money market instruments,
including debt obligations with remaining maturities of 397 days or less. We
maintain an overall weighted average maturity of 90 days or less. We may also
make certain other investment including, for example, repurchase agreements.

Permitted Investments
Under normal market conditions, we invest in:

. commercial paper rated at the date of purchase as "P-1" by Moody's or "A-
1+" or "A-1" by S&P;
. negotiable certificates of deposit and banker's acceptances;
. repurchase agreements;
. U.S. Government obligations;
. short-term, U.S. dollar-denominated debt obligations of U.S. branches of
foreign banks and foreign branches of U.S. banks; and
. shares of other money market funds.

Important Risk Factors
You should consider both the General Investment Risks beginning on page ___ and
the specific risks listed below. They are both important to your investment
choice.

OVERLAND EXPRESS SWEEP FUND FINANCIAL HIGHLIGHTS
- --------------------------------------------------------------------------------

FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
THREE
MONTHS
YEAR ENDED ENDED MAR.
<S> <C> <C>
MARCH 31, 31,
1999 1998 (2)

- --------------------------------------------------------------------------------------------
NET ASSET VALUE, BEGINNING OF PERIOD $1.00 $1.00
---------- ----------
INCOME FROM INVESTMENT OPERATIONS:
Net investment income (loss) 0.04 0.01
LESS DISTRIBUTIONS:
Dividends from net investment income (0.04) (0.01)
---------- ----------
NET ASSET VALUE, END OF PERIOD $1.00 $1.00
---------- ----------
TOTAL RETURN (NOT ANNUALIZED) 4.26% 1.11%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000s) $3,097,219 $2,594,910
RATIOS TO AVERAGE NET ASSETS (ANNUALIZED):
Ratio of expenses to average net assets(1) 1.25% 1.25%
Ratio of net investment income to average net assets(1) 4.16% 4.49%
- --------------------------------------------------------------------------------------------
Ratio of expenses to average net assets prior to waived fees and
reimbursed expenses(1) 1.28% 1.26%
Ratio of net investment income to average net assets prior to
waived fees and reimbursed expenses(1) 4.13% 4.48%
- --------------------------------------------------------------------------------------------
</TABLE>

(1) RATIOS INCLUDE ACTIVITY OF THE CASH INVESTMENT TRUST MASTER PORTFOLIO
PRIOR TO DECEMBER 15, 1997.
(2) THE FUND CHANGED ITS FISCAL YEAR-END FROM DECEMBER 31 TO MARCH 31.
The accompanying notes are an integral part of these financial statements.

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>

YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1997 1996 1995 1994
<S> <C> <C> <C> <C>

- ----------------------------------------------------------------------------------
NET ASSET VALUE, BEGINNING
OF PERIOD $1.00 $1.00 $1.00 $1.00
---------- ---------- ---------- --------
INCOME FROM INVESTMENT
OPERATIONS:
Net investment income
(loss) 0.04 0.04 0.05 0.03
LESS DISTRIBUTIONS:
Dividends from net
investment income (0.04) (0.04) (0.05) (0.03)
---------- ---------- ---------- --------
NET ASSET VALUE, END OF
PERIOD $ 1.00 $ 1.00 $ 1.00 $ 1.00
---------- ---------- ---------- --------
---------- ---------- ---------- --------
TOTAL RETURN (NOT
ANNUALIZED) 4.47% 4.29% 4.80% 3.11%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period
(000s) $2,956,090 $2,002,725 $1,209,183 $812,559
RATIOS TO AVERAGE NET ASSETS
(ANNUALIZED):
Ratio of expenses to
average net assets(1) 1.24% 1.24% 1.25% 1.25%
Ratio of net investment
income to average net
assets(1) 4.40% 4.20% 4.70% 2.92%
- ----------------------------------------------------------------------------------
Ratio of expenses to average
net assets prior to waived
fees and reimbursed
expenses(1) 1.26% 1.26% 1.28% 1.33%
Ratio of net investment
income to average net
assets prior to waived
fees and reimbursed
expenses(1) 4.38% 4.18% 4.67% 2.84%
- ----------------------------------------------------------------------------------
</TABLE>

9
<PAGE>

General Investment Risks

. Unlike bank deposits, such as CDs or savings accounts, mutual funds are not
insured by the FDIC.
. We cannot guarantee that we will meet our investment objectives. In
particular, we cannot guarantee that we will be able to maintain a $1.00
per share net asset value.
. We do not guarantee the performance of a Fund, nor can we assure you that
the market value of your investment will not decline. We will not "make
good" any investment loss you may suffer, nor can anyone we contract with
to provide certain services, such as selling agents or investment advisors,
offer or promise to make good any such losses.
. Share prices -- and therefore the value of your investment -- will increase
and decrease with changes in the value of the underlying securities and
other investments. This is referred to as price volatility.
. Investing in any mutual fund, including those deemed conservative, involves
risk, including the possible loss of any money you invest.
. An investment in a single Fund, by itself, does not constitute a complete
investment plan.
. The Fund may invest a portion of their assets in U.S. Government
obligations. It is important to recognize that the U.S. Government does not
guarantee the market value or current yield of those obligations. Not all
U.S. Government obligations are backed by the full faith and credit of the
U.S. Treasury, and the U.S. Government's guarantee does not extend to the
Fund itself.
. The Fund may also use certain derivative instruments, such as options or
futures contracts. The term "derivatives" covers a wide number of
investments, but in general it refers to any financial instrument whose
value is derived, at least in part, from the price of another security or a
specified index, asset or rate. Some derivatives may be more sensitive to
interest rate changes or market moves, and some may be susceptible to
changes in yields or values due to their structure or contract terms.

Counter-Party Risk -- The risk that the other party in a repurchase agreement or
other transaction will not fulfill its contract obligation.

Diplomatic Risk--The risk that an adverse change in the diplomatic relations
between the United States and another country might reduce the value of
liquidity of investments in either country.

Information Risk--The risk that information about a security is either
unavailable, incomplete or is inaccurate.

10
<PAGE>

General Investment Risks (Cont'd)

Leverage Risk--The risk that an investment practice, such as lending portfolio
securities or engaging in forward commitment or when-issued securities
transactions, may increase a Fund's exposure to market risk, interest rate risk
or other risks by, in effect, increasing assets available for investment.

Liquidity Risk--The risk that a security cannot be sold, or cannot be sold
without adversely affecting the price.

Market Risk--The risk that the value of a stock, bond or other security will be
reduced by market activity. This is a basic risk associated with all securities.

Political Risk--The risk that political actions, events or instability may be
unfavorable for investments made in a particular nation's or region's industry,
government or markets.

Year 2000 Risk--The Fund's principal service providers have advised the Fund
that they are working on the necessary changes to their computer systems to
avoid any system failure based on an inability to distinguish the year 2000 from
the year 1900, and that they expect their systems to be adapted in time. There
can, of course, be no assurance of success. In addition, the companies or
entities in which the Fund invests also could be adversely impacted by the Year
2000 issue, especially foreign entities, which may be less prepared for Year
2000. The extent of such impact cannot be predicted.

Investment Practice/Risk

The following table lists some of the additional investment practices of the
Fund, including some not disclosed in the Investment Objective and Investment
Policies sections of the Prospectus. The risks indicated after the description
of the practice are NOT the only potential risks associated with that practice,
but are among the more prominent. Market risk is assumed. See the Investment
Objective and Investment Policies for the Fund or the Statement of Additional
Information for more information on these practices.

Investment practices and risk levels are carefully monitored. We attempt to
ensure that the risk exposure for the Fund remains within the parameters of its
objective.

In addition to the general risks discussed above, you should carefully consider
and evaluate any special risks that may apply to investing in a particular Fund.
See the "Summary of Important Risk Factors" for the Fund. You should also see
the Statement of Additional Information for additional information about the
investment practices and risks particular to the Fund.

- --------------------------------------------------------------------------------
OVERLAND
SWEEP
================================================================================
INVESTMENT PRACTICE: RISK
================================================================================
FLOATING AND VARIABLE RATE DEBT
Instruments with interest rates that Interest Rate and
are adjusted either on a schedule or Credit Risk .
when an index or benchmark changes.
- --------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
A transaction in which the seller or Credit and
a security agrees to buy back a security Counter-Party Risk .
at an agreed upon time and price,
usually with interest.
- --------------------------------------------------------------------------------
OTHER MUTUAL FUNDS
The temporary investment in shares of Market Risk
another money market fund. A pro rata
portion of the other fund's expenses, .
in addition to the expenses paid by the
Fund, will be borne by Fund shareholders.
- --------------------------------------------------------------------------------
FOREIGN OBLIGATIONS
Dollar-denominated debt obligations of Information, Liquidity
foreign branches of U.S. banks or U.S. Political, Regulatory, and .
branches of foreign banks. Diplomatic Risk
- --------------------------------------------------------------------------------
BORROWING POLICIES
The ability to borrow an equivalent of Leverage Risk
10% of assets from banks for temporary .
purposes to meet shareholder redemptions.
- --------------------------------------------------------------------------------
ILLIQUID SECURITIES
A security that cannot be readily sold, Liquidity Risk
or cannot be readily sold without .
negatively affecting its fair price.
Illiquid securities are limited to 10%
of assets.
- --------------------------------------------------------------------------------

11
<PAGE>

Organization and Management of the Fund

The Fund is one of over 30 Funds of Stagecoach Funds, an open-end management
investment company. Stagecoach was organized on September 9, 1991, as a Maryland
Corporation.

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------
BOARD OF DIRECTORS
------------------------------------------------------------------------------------
Supervises the Fund's activities
------------------------------------------------------------------------------------

------------------------------------------------------------------------------------
INVESTMENT ADVISOR CUSTODIAN
------------------------------------------------------------------------------------
<S> <C>
Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
525 Market St., San Francisco, CA 525 Market St., San Francisco, CA
Manages the Fund's investment Provides safekeeping for the Fund's assets
activities
------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------
INVESTMENT SUB-ADVISOR
------------------------------------------------------------------------------------
Wells Capital Management Incorporated
525 Market St.
San Francisco, CA
Manages the Fund's investment activities
------------------------------------------------------------------------------------

------------------------------------------------------------------------------------

SHAREHOLDER
TRANSFER SERVICING
DISTRIBUTOR ADMINISTRATOR AGENT AGENTS
------------------------------------------------------------------------------------
<S> <C> <C> <C>
Stephens Inc. Wells Fargo Bank, N.A. BFDS, Inc. Various Agents
111 Center St. 525 Market St. Two Heritage Lane
Little Rock, AR San Francisco, CA Quincy, MA
Markets the Fund Manages the Maintains records Provide
and distributes Fund's business of shares and services to
share activities supervises the customers
paying of dividends
------------------------------------------------------------------------------------

------------------------------------------------------------------------------------
FINANCIAL SERVICES FIRMS AND SELLING AGENTS
------------------------------------------------------------------------------------
Advise current and prospective shareholders on their Fund investments
------------------------------------------------------------------------------------

------------------------------------------------------------------------------------
SHAREHOLDERS
------------------------------------------------------------------------------------
</TABLE>

12
<PAGE>

Organization and Management of the Fund (Cont'd)

In the following sections, the percentages shown are the percentages of the
average daily net assets of the Fund paid on an annual basis for the services
described.

The Investment Advisor
Wells Fargo Bank provides portfolio management and fundamental security analysis
services as the advisor for the Fund. Wells Fargo Bank, founded in 1852, is the
oldest bank in the western United States and is one of the largest banks in the
United States. Wells Fargo Bank is a wholly owned subsidiary of Wells Fargo &
Company, a national bank holding company. As of [______ __, 1999,] Wells Fargo
Bank and its affiliates managed over [$__] billion in assets. For these
services, the Fund paid Wells Fargo Bank a fee of up to [ % ] of its average
annual net assets.

The Sub-Advisor
Wells Capital Management Incorporated ("WCM"), a wholly owned subsidiary of
Wells Fargo Bank, is the sub-advisor for the Fund. As of [____ ___, 1999], WCM
provided investment advice for assets aggregating in excess of [$____ billion].
For providing sub-advisory services to the Fund, WCM is entitled to receive from
Wells Fargo Bank .05% of the Fund's assets up to the first $960 million and .04%
of all assets above $960 million. WCM is entitled to receive from Wells Fargo
Bank a minimum annual sub-advisory fee of $120,000. This minimum annual fee
payable to WCM does not affect the advisory fee paid by the Fund to Wells Fargo
Bank.

13
<PAGE>

Your Account

This section tells you how to open a Fund account and how to buy and sell Fund
shares once your Fund account is open.

Minimum Investments:
. The Fund has no minimum initial or subsequent investment requirement.

How to Buy Shares

You can buy Fund shares exclusively through a Shareholder Servicing Agent who
has entered into an agreement with us to make investments into the Fund on your
behalf. Share purchases are made through your Customer Account with a
Shareholder Servicing Agent and are governed in accordance with the terms of the
Customer Account. Shareholder Servicing Agents automatically invest or "sweep"
balances in your Customer Account into shares of the Fund. There are no sales
loads for purchasing shares of the Fund, and there are no minimum initial or
subsequent purchase amounts applicable to Fund shares. Please contact your
Shareholder Servicing Agent for more information.

You may purchase shares of the Fund through certain retirement, benefit and
pension plans, through certain packaged investment products, or as permitted by
the SEC. Check the specific disclosure statements and applications for the
program through which you intend to invest.

Important Information
. Your Shareholder Servicing Agent buys and sells shares on your behalf. The
Shareholder Servicing Agent maintains an account with us in its name on
your behalf.
. Your account with your Shareholder Servicing Agent describes the procedures
an regulations governing transactions.
. Read this Prospectus carefully. Discuss any questions you have with your
Shareholder Servicing Agent. You may also ask for copies of the Statement
of Additional Information. Copies are available free of charge from your
Shareholder Servicing Agent or by calling 1-800-222-8222.
. We process requests to buy or sell shares each business day at 9:00 a.m.
(Pacific time). The Fund is open Monday through Friday and is closed on
weekends and federal bank holidays. Any request we receive in proper form
before 9:00 a.m. (Pacific time) is processed the same day. Any request we
receive after 9:00 a.m. (Pacific time) are processed the next business day.
Occasionally the markets for US Government securities and money market
instruments close early. On such days, the cut-off time for trades may be
earlier.
. It is the nature of a mutual fund investment that the price you pay to
purchase shares or the price you receive when you redeem shares is not
determined until after a request has been received in proper form.
. We determine the Net Asset Value (NAV) of the Fund's shares each business
day as of 9:00 a.m. (Pacific time) by subtracting the Fund's liabilities
from its total assets, and then dividing the result by the total number of
outstanding shares. The Fund uses the amortized cost method to value
portfolio securities pursuant to Rule 2a-7 under the 1940 Act. See the
Statement of Additional Information for further disclosure.

How to Sell Shares

Shares may be redeemed on any day your Shareholder Servicing Agent is open for
business in accordance with the terms of your Customer Account agreement. Please
read your account agreement with your Shareholder Servicing Agent. The
Shareholder Servicing Agent is responsible for the prompt transmission of your
redemption order to the Fund. Proceeds of your redemption order will be credited
to your Customer Account by your Servicing Agent. The Fund does not charge
redemption fees.

14
<PAGE>

General notes for Selling Shares
. We process requests to sell shares each business day. Requests we receive
in proper form before 9:00 a.m. (Pacific time) generally are processed at
9:00 a.m. (Pacific time) on the same day.
. Request we receive after the above-specified time are deemed to be received
and are processed the next business day at the applicable NAV.
. We reserve the right to delay payment of a redemption until we are
reasonably certain that investments made by check have been collected.
Payments of redemptions also may be delayed under extraordinary
circumstances or as permitted by the SEC in order to protect remaining
shareholders. Payments of redemptions also may be delayed up to seven days
under normal circumstances, although it is not policy to delay such
payments.
. Generally, we pay redemption requests in cash, unless the redemption
requests is for more than $250,000 or 1% of the net assets of the Fund by a
single shareholder over any ninety-day period. If a request for a
redemption is over these limits, it may be to the detriment of existing
shareholders to pay such redemption in cash. Therefore, we may pay all or
part of the redemption in securities of equal value.

15
<PAGE>

Distribution Plan
We have adopted distribution plan, pursuant to Rule 12b-1 of the Investment
Company Act of 1940, for the Fund. The plan is used to pay for
distribution-related services, including on-going compensation to selling
agents.

The Fund may participate in joint distribution activities with other Stagecoach
Funds. Funds with higher asset levels pay a higher proportion of these costs.
The fees paid under these plans are .30%.

Exchanges

. You should carefully read the Prospectus for the Fund into which you wish
to exchange.
. If you exchange between a money market fund and a Fund with a sales load,
you will buy shares at the Public Offering Price (POP) of the new Fund and
a sales load may be assessed.
. If you are making an initial investment into a new Fund through an
exchange, you must exchange at least the minimum first purchase amount of
the Fund you are redeeming, unless your balance has fallen below that
amount due to market conditions.
. Any exchange between Funds you already own must meet the minimum redemption
and subsequent purchase amounts for the Funds involved.
. Exchanges from any share class to a money market fund can only be re-
exchanged for the original share class.
. In order to discourage excessive fund transaction expenses that must be
borne by other shareholders, we reserve the right to limit or reject
exchange orders. Generally, we will notify you 60 days in advance of any
changes in your exchange privileges.
. You may exchange shares of the Fund for Class A, Class B or Class C shares
of a non-money market fund.

16
<PAGE>

Additional Services and Other Information

Automatic Programs:
These programs help you conveniently purchase and/or redeem shares each month.
Call Investor Services 1-800-222-8222 for more information.

. Systematic Purchase Plan - With this program, you can regularly purchase
shares of a Wells Fargo Fund with money automatically transferred from a
linked bank account. Simply select the Fund you would like to purchase,
specify an amount of at least $100, and tell us the day of the month you
would like the money invested. If you do not specify a date, we will
transfer the money and invest in shares of the Fund you select on or about
the 25th day of the month.
. Systematic Exchange Plan - With this program, you can regularly exchange
shares of a Wells Fargo Fund you own for shares of another Wells Fargo
Fund. The exchange amount must be at least $100, and the exchange will take
place on or about the 25th of each month. See the "Exchanges" section of
this prospectus for the conditions that apply to your shares. This feature
may not be available for certain types of accounts.
. Systematic Withdrawal Plan - With this program, you can regularly redeem
shares and receive the proceeds by check or by transfer to a linked bank
account. Simply specify an amount of at least $100 and we will sell your
shares equal to that amount on or about the 25th of each month. To
participate in this program, you:
. must have a Fund account value at $10,000 or more;
. must have your distributions reinvested; and
. may not simultaneously participate in the Systematic Purchase Plan.

It generally takes about ten days to establish a plan once we have received your
instructions. It generally takes about five days to change or cancel
participation in a plan. We automatically cancel your program if the linked bank
account your specified is closed.

Dividend and Capital Gain Distributions Options
We declare dividends, if any, daily and pay them monthly. You earn dividends
from the day your purchase of shares is effected and you continue to earn them
until the day before your shares are redeemed. Capital gains, if any, are
distributed at least annually.

We offer the following distribution options:

. Automatic Reinvestment Option - Lets you buy new shares of the same class
of the Fund that generated the distributions. The new shares are purchased
at NAV generally on the day the income is paid. This option is
automatically assigned to your account unless you specify another plan.

. Check Payment Option - Allows you to receive checks for distributions
mailed to your address of record or to another name and address which you
have specified in written, signature guaranteed instructions. If checks
remain uncashed for six months or are undeliverable by the Post Office, we
will reinvest the distributions at the earliest date possible.

Two Things to Keep In Mind About Distributions
Remember, distributions have the effect of reducing the NAV per share by the
amount distributed. Also, distributions on new shares shortly after purchase
would be in effect a return of capital, although the distribution may still be
taxable to you.

17
<PAGE>

Additional Services and Other Information (Cont'd)

Taxes

The following discussion regarding taxes is based on laws that were in effect as
of the date of this Prospectus. The discussion summarizes only some of the
important tax considerations that affect the Fund and you as a shareholder. It
is not intended as substitute for careful tax planning. You should consult your
tax advisor about your specific tax situation. Federal income tax considerations
are discussed further in the Statement of Additional Information.

We will pass on to you net investment income and net short-term capital gains
earned by a Fund as dividend distributions. In general, these are taxable to you
as ordinary income.

Foreign shareholders may be subject to different tax treatment, including
withholding taxes. In certain circumstances, U.S. residents will be subject to
back-up withholding taxes.

As long as the Fund continually maintains a $1.00 NAV, you ordinarily will not
recognize taxable gain or loss on the redemption or exchange of your Fund
Shares.

18
<PAGE>

Glossary

We provide the following definitions to assist you in reading this prospectus.
For a more complete understanding of these terms you should consult your
financial adviser.

Annual and Semi-Annual Report
A document that provides certain financial and other important information for
the most recent reporting period and the Fund's portfolio of investments.

Asset-Backed Securities
Securities consisting of an undivided fractional interest in pools of consumer
loans, such as car loans or credit card debt, or receivables held in trust.

Business Day
Any day the Fund is open. The Fund is generally open Monday through Friday and
is closed on weekends and federal bank holidays.

Capital Appreciation
The increase in the value of a security. See also "total return."

Current Income
Earnings in the form of dividends or interest as opposed to capital growth. See
also "total return."

Derivatives
Securities whose values are derived in part from the value of another security
or index. An example is a stock option.

Distributions
Dividends and/or capital gains paid by a Fund on its shares.

Dollar-Denominated
Securities issued by foreign banks, companies or governments in U.S. dollars.

19
<PAGE>

Glossary (Cont'd)

Liquidity
The ability to readily sell a security at a fair price.

Moody's
A nationally recognized ratings organization.

Preservation of Capital
The attempt by a fund's manager to reduce drops in the net asset value of fund
shares in order to preserve the initial investment.

Public Offering Price (POP)
The NAV with the sales load added.

Repurchase Agreement
An agreement between a buyer and seller of a security in which the seller agrees
to repurchase the security at an agreed upon price and time.

Selling Agent
A person who has an agreement with the Fund's distributors that allows them to
sell a Fund's shares.

Shareholder Servicing Agent
Anyone appointed by the Fund to maintain shareholder accounts and records,
assist and provide information to shareholders or perform similar functions.

Signature Guarantee
A guarantee given by a financial institution that has verified the identity of
the maker of the signature.

S&P
Standard and Poors, a nationally recognized ratings organization. S&P also
publishes various indexes or lists of companies representative of sectors of the
U.S. economy.

20
<PAGE>

Glossary (Cont'd)

Statement of Additional Information
A document that supplements the disclosure made in the Prospectus.

Total Return
The total value of capital growth and the value of all distributions, assuming
that distributions were used to purchase additional shares of the Fund.

U.S. Government Obligations
Obligations issued or guaranteed by the U.S. Government, its agencies or
instrumentalities.

Weighted-Average Maturity
The average maturity for the debt securities in a portfolio on a
dollar-for-dollar basis.

21
<PAGE>

BACK COVER

STAGECOACH FUNDS (TM)

You may wish to review the following documents:

These documents are available free of charge:

Call 1-800-222-8222, or

Write to:
Stagecoach Funds
PO Box 7066
San Francisco, CA 94120-7066

Visit the SEC's web site:
http://www.sec.gov, or

Request copies for a fee by writing to:
SEC Public Reference Room, Washington, DC 20549-6009
(call: 1-800-SEC-0330 for details)

ICA No. 811-6419 NOT FDIC INSURED - NO Sc OEX (8/99)
BANK GUARANTEE - may
LOSE VALUE

<PAGE>

AUGUST 1, 1999

FRONT COVER

Stagecoach
Money Market Funds
Prospectus

Please read this Prospectus and keep it for future
reference. It is designed to provide you with
important information and to help you decide if a
Fund's goals match your own.

These securities have not been approved
or disapproved by the U.S. Securities and
Exchange Commission ("SEC"), any state
Prime Money Market securities commission or any other
Fund regulatory authority, nor have any of these
authorities passed upon the accuracy or
Treasury Plus Money adequacy of this Prospectus. Any
Market Fund representation to the contrary is a
criminal offense.

Fund shares are NOT deposits of Wells Fargo
Administrative Class Bank, N.A. ("Wells Fargo Bank") or any of its
affiliates. Fund shares are NOT insured or
guaranteed by the U.S. Government, the
Federal Deposit Insurance Corporation
("FDIC") or any other governmental agency.
AN INVESTMENT IN THE FUNDS INVOLVES
CERTAIN RISKS, INCLUDING POSSIBLE
LOSS OF PRINCIPAL.

1
<PAGE>

INSIDE FRONT COVER

2
<PAGE>

Table of Contents

Overview

This section contains Objectives and Principal
important summary Strategies
information about the Important Risks
Funds. Performance History
Summary of Expenses

- --------------------------------------------------------------------------------

The Funds

This section contains Prime Money Market Fund
important information Treasury Plus Money Market Fund
about the individual General Investment Risks
Funds. Organization and Management of the Funds

- --------------------------------------------------------------------------------

Your Account

- --------------------------------------------------------------------------------

Glossary

3
<PAGE>

STAGECOACH MONEY MARKET FUNDS OVERVIEW

Prime Money Market Fund

Objective
Seeks to provide investors with maximized current income to the extent
consistent with preservation of capital and maintenance of liquidity.

Principal Strategy
We invest in a broad range of U.S. dollar-denominated, high quality money market
instruments, including debt obligations as well as certain other investments
such as repurchase agreements.

Treasury Plus Money Market Fund

Objective
Seeks to provide investors with current income and stability of principal.

Principal Strategy
We invest in obligations issued or guaranteed by the U.S. Treasury as well as
notes, repurchase agreements and other instruments collateralized or secured by
Treasury obligations.

4
<PAGE>

SUMMARY OF IMPORTANT RISKS

This section summarizes important risks that are common to all of the Funds
described in this Prospectus, and important risks that relate specifically to
particular Funds. Both are important to your investment choice. Additional
information about these and other risks is included in the individual Fund
descriptions later in this Prospectus and under "General Investment Risks"
beginning on page __. An investment in a Fund is not a deposit of Wells Fargo
Bank and is not insured or guaranteed by the FDIC or any other government
agency.

The Funds invest in debt securities, such as notes and bonds, which are subject
to credit risk and interest rate risk. Credit risk is the possibility that an
issuer of an instrument will be unable to make interest payments or repay
principal. Changes in the financial strength of an issuer or changes in the
credit rating of a security may affect its value. Interest rate risk is the
risk that interest rates may increase, which will reduce the resale value of
securities in a Fund's investments, including U.S. Government obligations. Debt
securities with longer maturities are generally more sensitive to interest rate
changes than those with shorter maturities. Changes in market interest rates do
not affect the rate payable on debt securities held in a Fund, unless the
securities have adjustable or variable rate features, which can reduce interest
rate risk. Changes in market interest rates may also or shorten the duration of
certain types of instruments, such as securities, and affect their value and
the return on your investment.

Although each of the Funds seek to maintain a stable net asset value of $1.00
per share, there is no assurance it will be able to do so.

5
<PAGE>

- ----------------------------------------------------

Prime Money Market Fund

[BAR CHART]

-----------------------------

[TABLE]

-----------------------------

6
<PAGE>

- ----------------------------------------------------

Treasury Plus Money Market Fund

[BAR CHART]

-----------------------------

[TABLE]

-----------------------------

7
<PAGE>

Summary of Expenses

Shareholder Fees
These tables describe the fees and expenses that you may pay if you buy and
hold shares of a Fund.

- ----------------------------------------------------------------------------

All
Funds
- ----------------------------------------------------------------------------
Minimum sales charge (load)
imposed on purchases (as a percentage of
offering price) None
- ----------------------------------------------------------------------------
Maximum deferred sales charge (load)
(as a percentage of purchase price) None
- ----------------------------------------------------------------------------

Annual Fund Operating Expenses
(Expenses that are deducted from fund assets)

- -----------------------------------------------------------------------------

Prime Money Treasury Plus Money
Market Fund Market Fund
- -----------------------------------------------------------------------------
Management Fees
- -----------------------------------------------------------------------------
Distribution (12b-1) Fees
- -----------------------------------------------------------------------------
Other Expenses
- -----------------------------------------------------------------------------
TOTAL ANNUAL
FUND OPERATING
EXPENSES/1/
- -----------------------------------------------------------------------------

Summary of Expenses (Cont'd)

Example of Expenses
These examples are intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds. The examples assume a
fixed rate of return and that Fund operating expenses remain the same. Your
actual costs may be higher or lower than those shown.

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you redeem your shares at the end of each period:

8
<PAGE>

- -----------------------------------------------------------
Prime Treasury
Money Plus Money
Market Market
Fund Fund

- -----------------------------------------------------------
1 YEAR
- -----------------------------------------------------------
3 YEARS
- -----------------------------------------------------------
5 YEARS
- -----------------------------------------------------------
10 YEARS
- -----------------------------------------------------------

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you do NOT redeem your shares at the end of the periods
shown:

- -----------------------------------------------------------
Prime Treasury
Money Plus Money
Market Market
Fund Fund

9
<PAGE>

The summary information on the previous pages is designed to provide you with an
overview of each Fund. The sections that follow provide more detailed
information about the investments and management of each Fund. Words appearing
in italicized print and highlighted are defined in the Glossary.

Important information you should look for:

Investment Objective and Investment Policies
What is the Fund trying to achieve? How do we intend to invest your money? How
does the Fund compare with the other Fund this Prospectus?

Permitted Investments
A summary of the Fund's key permitted investments and practices.

Important Risk Factors
What are key risk factors for the Fund? This will include the factors described
in "General Investment Risks" together with any special risk factors for the
Fund.

Financial Highlights
Provides important financial information about each class of shares of the Fund.

10
<PAGE>

Prime Money Market Fund

Investment Objective
The Prime Money Market Fund seeks to provide investors with maximum current
income to the extent consistent with preservation of capital and maintenance of
liquidity.

Investment Policies
We pursue this objective by actively managing a portfolio consisting of a broad
range of U.S. dollar-denominated, high quality money market instruments,
including debt obligations with remaining maturities of 397 days or less. We
maintain an overall dollar-weighted average maturity of 90 days or less. We may
also make certain other investment including, for example, repurchase
agreements.

Permitted Investments
. U.S. Government obligations;
. commercial paper rated at the date of purchase as "P-1" by Moody's or "A-
1+" or "A-1" by S&P;
. negotiable certificates of deposits and banker's acceptances;
. repurchase agreements;
. short-term, U.S. dollar-denominated debt of U.S. branches of foreign banks;
and
. shares of other money market funds.

Important Risk Factors
You should consider both the "General Investment Risks" beginning on page ___
and the specific risks listed below. They are both important to your investment
choice.

PRIME MONEY MARKET FUND (1)
Administrative Class FINANCIAL HIGHLIGHTS
- --------------------------------------------------------------------------------

FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- --------------------------------------------------------------------------------

PERIOD
YEAR ENDED ENDED
MARCH 31, MARCH 31,
1999 1998 (2)

- -----------------------------------------------------
NET ASSET VALUE, BEGINNING
OF PERIOD $ 1.00 $ 1.00
------ --------
INCOME FROM INVESTMENT
OPERATIONS:
Net investment income
(loss) 0.05 0.02
Net realized gain (loss)
on investments 0.00 0.00
------ --------
TOTAL FROM INVESTMENT
OPERATIONS 0.05 0.02
LESS DISTRIBUTIONS:
Dividends from net
investment income (0.05) (0.02)
Distributions from net
realized gain 0.00 0.00
------ --------
TOTAL FROM DISTRIBUTIONS (0.05) (0.02)
------ --------
NET ASSET VALUE, END OF
PERIOD $ 1.00 $ 1.00
====== ========
TOTAL RETURN (NOT
ANNUALIZED) 5.12% 1.57%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period
(000s) 7,151 $600,975
RATIOS TO AVERAGE NET ASSETS
(ANNUALIZED):
Ratio of expenses to
average net assets 0.43% 0.40%
Ratio of net investment
income to average net
assets 5.02% 5.34%
- ------------------------------------------------------
Ratio of expenses to average
net assets prior to waived
fees and reimbursed
expenses 0.59% 0.55%
Ratio of net investment
income (loss) to average
net assets prior to waived
fees and reimbursed
expenses 4.86% 5.19%
- ------------------------------------------------------

(1) THE FUND OPERATED AS PACIFIC AMERICAN LIQUID ASSETS, INC. THROUGH OCTOBER
1, 1994, WHEN IT WAS REORGANIZED AS THE PACIFIC AMERICAN MONEY MARKET
PORTFOLIO, A PORTFOLIO OF PACIFICA FUNDS TRUST. IN JULY 1995, THE FUND WAS
RENAMED THE PACIFICA PRIME MONEY MARKET FUND, AND ON SEPTEMBER 6, 1996, THE
FUND WAS REORGANIZED AS A SERIES OF STAGECOACH FUNDS, INC. IN CONJUNCTION
WITH THE SEPTEMBER 6, 1996 REORGANIZATION, WFB ASSUMED INVESTMENT ADVISORY
RESPONSIBILITIES. PRIOR TO APRIL 1, 1996, FIRST INTERSTATE CAPITAL
MANAGEMENT, INC. ("FICM") SERVED AS THE FUND'S ADVISER. IN CONNECTION WITH
THE MERGER OF FIRST INTERSTATE BANCORP INTO WELLS FARGO & CO. ON APRIL 1,
1996, FICM WAS RENAMED WELLS FARGO INVESTMENT MANAGEMENT, INC.,
SUBSEQUENTLY RENAMED WELLS CAPITAL MANAGEMENT, INC.
(2) THIS CLASS OF SHARES COMMENCED OPERATIONS ON DECEMBER 15, 1997.
The accompanying notes are an integral part of these financial statements.

11
<PAGE>

Treasury Plus Money Market Fund

Investment Objective
The Treasury Plus Money Market Fund seeks to provide investors with current
income and stability of principal.

Investment Policies
We actively manage a portfolio composed of obligations issued or guaranteed by
the U.S. Treasury. We also invest in notes, repurchase agreements and other
instruments collateralized or secured by Treasury obligations. We buy
obligations with remaining maturities of 397 days (13 months) or less. We
maintain an overall dollar-weighted average maturity of 90 days or less.

Permitted Investments
Under normal market conditions, we invest:

. in U.S. Treasury obligations; and
. in repurchase agreements collateralized by U.S. Treasury obligations;

As a temporary defensive measure, or to maintain liquidity, we may invest in
shares of other money market funds that have similar investment objectives.

Important Risk Factors
You should consider both the "General Investment Risks" listed on page __ and
the specific risks listed below. They are both important to your investment
choice.

TREASURY PLUS MONEY MARKET FUND (1) FINANCIAL HIGHLIGHTS
Administrative Class
- --------------------------------------------------------------------------------

FOR A SHARE OUTSTANDNG THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- --------------------------------------------------------------------------------

PERIOD
YEAR ENDED ENDED
MARCH 31, MARCH 31,
1999 1998 (2)

- ------------------------------------------------------
NET ASSET VALUE, BEGINNING
OF PERIOD $ 1.00 $ 1.00
-------- --------
INCOME FROM INVESTMENT
OPERATIONS:
Net investment income
(loss) 0.05 0.02
Net realized gain (loss)
on investments 0.00 0.00
-------- --------
TOTAL FROM INVESTMENT
OPERATIONS 0.05 0.02
LESS DISTRIBUTIONS:
Dividends from net
investment income (0.05) (0.02)
Distributions from net
realized gain 0.00 0.00
-------- --------
TOTAL FROM DISTRIBUTIONS (0.05) (0.02)
-------- --------
NET ASSET VALUE, END OF
PERIOD $ 1.00 $ 1.00
======== ========
TOTAL RETURN (NOT
ANNUALIZED) 4.85% 1.52%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period
(000s) $100,109 $176,942
RATIOS TO AVERAGE NET ASSETS
(ANNUALIZED):
Ratio of expenses to
average net assets 0.43% 0.40%
Ratio of net investment
income to average net
assets 4.80% 5.17%
- ------------------------------------------------------
Ratio of expenses to average
net assets prior to waived
fees and reimbursed
expenses 0.63% 0.56%
Ratio of net investment
income (loss) to average
net assets prior to waived
fees and reimbursed
expenses 4.60% 5.01%
- ------------------------------------------------------

(1) THE FUND OPERATED AS A PORTFOLIO OF PACIFIC AMERICAN FUNDS THROUGH OCTOBER
1, 1994, WHEN IT WAS REORGANIZED AS THE PACIFIC AMERICAN U.S. TREASURY
PORTFOLIO, A PORTFOLIO OF PACIFICA FUNDS TRUST. IN JULY 1995, THE FUND WAS
RENAMED THE PACIFICA TREASURY MONEY MARKET FUND, AND ON SEPTEMBER 6, 1996,
THE FUND WAS REORGANIZED AS A SERIES OF STAGECOACH FUNDS, INC. IN
CONJUNCTION WITH THE SEPTEMBER 6, 1996 REORGANIZATION, WFB ASSUMED
INVESTMENT ADVISORY RESPONSIBILITIES. PRIOR TO APRIL 1, 1996, FIRST
INTERSTATE CAPITAL MANAGEMENT, INC. ("FICM") SERVED AS THE FUND'S ADVISER.
IN CONNECTION WITH THE MERGER OF FIRST INTERSTATE BANCORP INTO WELLS FARGO &
CO. ON APRIL 1, 1996, FICM WAS RENAMED WELLS FARGO INVESTMENT MANAGEMENT,
INC., SUBSEQUENTLY RENAMED WELLS CAPITAL MANAGEMENT, INC.
(2) THIS CLASS OF SHARES COMMENCED OPERATIONS ON DECEMBER 15, 1997.
The accompanying notes are an integral part of these financial statements.

12
<PAGE>

General Investment Risks

. Unlike bank deposits, such as CDs or savings accounts, mutual funds are not
insured by the FDIC.
. We cannot guarantee that we will meet our investment objectives. In
particular, we cannot guarantee that we will be able to maintain a $1.00
per share net asset value.
. We do not guarantee the performance of a Fund, nor can we assure you that
the market value of your investment will not decline. We will not "make
good" any investment loss you may suffer, nor can anyone we contract with
to provide certain services, such as selling agents or investment advisors,
offer or promise to make good any such losses.
. Share prices -- and therefore the value of your investment -- will increase
and decrease with changes in the value of the underlying securities and
other investments. This is referred to as price volatility.
. Investing in any mutual fund, including those deemed conservative, involves
risk, including the possible loss of any money you invest.
. An investment in a single Fund, by itself, does not constitute a complete
investment plan.
. The Funds may invest a portion of their assets in U.S. Government
obligations. It is important to recognize that the U.S. Government does not
guarantee the market value or current yield of those obligations. Not all
U.S. Government obligations are backed by the full faith and credit of the
U.S. Treasury, and the U.S. Government's guarantee does not extend to the
Funds themselves.
. The Funds may also use certain derivative instruments, such as options or
futures contracts. The term "derivatives" covers a wide number of
investments, but in general it refers to any financial instrument whose
value is derived, at least in part, from the price of another security or a
specified index, asset or rate. Some derivatives may be more sensitive to
interest rate changes or market moves, and some may be susceptible to
changes in yields or values due to their structure or contract terms.

What follows is a general list of the types of risks (some of which are
described above) that may apply to a given Fund and a table showing some of the
additional investment practices that each Fund may use and the risks associated
with them. Additional information about these practices is available in the
Statement of Additional Information.

Counter-Party Risk -- The risk that the other party in a repurchase agreement or
other transaction will not fulfill its contract obligation.

Diplomatic Risk--The risk that an adverse change in the diplomatic relations
between the United States and another country might reduce the value of
liquidity of investments in either country.

Information Risk--The risk that information about a security is either
unavailable, incomplete or is inaccurate.

13
<PAGE>

General Investment Risks (Cont'd)

Leverage Risk--The risk that an investment practice, such as lending portfolio
securities or engaging in forward commitment or when-issued securities
transactions, may increase a Fund's exposure to market risk, interest rate risk
or other risks by, in effect, increasing assets available for investment.

Liquidity Risk--The risk that a security cannot be sold, or cannot be sold
without adversely affecting the price.

Market Risk--The risk that the value of a stock, bond or other security will be
reduced by market activity. This is a basic risk associated with all securities.

Political Risk--The risk that political actions, events or instability may be
unfavorable for investments made in a particular nation's or region's industry,
government or markets..

Year 2000 Risk--The Funds' principal service providers have advised the Funds
that they are working on the necessary changes to their computer systems to
avoid any system failure based on an inability to distinguish the year 2000 from
the year 1900, and that they expect their systems to be adapted in time. There
can, of course, be no assurance of success. In addition, the companies or
entities in which the Funds invest also could be adversely impacted by the Year
2000 issue, especially foreign entities, which may be less prepared for the Year
2000. The extent of such impact cannot be predicted.

Investment Practice/Risk

The following table lists some of the additional investment practices of the
Funds, including some not disclosed in the Investment Objective and Investment
Policies sections of the Prospectus. The risks indicated after the description
of the practice are NOT the only potential risks associated with that practice,
but are among the more prominent. Market risk is assumed for each. See the
Investment Objective and Investment Policies for each Fund or the Statement of
Additional Information for more information on these practices.

Investment practices and risk levels are carefully monitored. We attempt to
ensure that the risk exposure for each Fund remains within the parameters of its
objective.

Remember, each Fund is designed to meet different investment needs and
objectives.

In addition to the general risks discussed above, you should carefully consider
and evaluate any special risks that may apply to investing in a particular Fund.
See the "Important Risk Factors" in the summary for each Fund. You should also
see the Statement of Additional Information for additional information about the
investment practices and risks particular to each Fund.

- --------------------------------------------------------------------------------

PRIMARY TREASURY
================================================================================
INVESTMENT PRACTICES: RISK:
================================================================================
FLOATING AND VARIABLE
RATE DEBT
Instruments with interest Interest Rate and . .
rates that are adjusted Credit Risk
either on a schedule or
when an index or benchmark
changes.
- --------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
A transaction in which Credit, Leverage and . .
the seller of a security Counter-Party Risk
agrees to buy back a
security at an agreed upon
time and price, usually
with interest.
- --------------------------------------------------------------------------------
OTHER MUTUAL FUNDS
The temporary investment Market Risk . .
in shares of another money
market fund. A pro rata
portion of the other fund's
expenses, in addition to the
expenses paid by the Fund,
will be borne by Fund
shareholders.
- --------------------------------------------------------------------------------
FOREIGN OBLIGATIONS
Dollar-denominated debt Information, Liquidity . .
obligations of foreign Political, Regulatory, and
branches of U.S. banks Diplomatic Risk
or U.S. branches of
foreign banks.
- --------------------------------------------------------------------------------
LOANS OF PORTFOLIO SECURITIES
The practice of loaning Credit, Leverage and .
securities to brokers, Counter-Party Risk
dealers and financial
institutions to increase
return on those securities.
Loans may be made in accordance
with existing investment
redemptions.
- --------------------------------------------------------------------------------
BORROWING POLICIES
The ability to borrow an Leverage Risk . .
equivalent of 20% of assets
from banks for temporary
purposes to meet shareholder
redemption.
- --------------------------------------------------------------------------------
ILLIQUID SECURITIES
A security that cannot be Liquidity Risk . .
readily sold, or cannot be
readily sold without
negatively affecting its
fair price. Illiquid
securities are limited
to 10% of assets for
each Fund.
- --------------------------------------------------------------------------------

14
<PAGE>

Organization and Management of the Funds

A number of different entities provide services to the Funds. This section shows
how the Funds are organized, the entities that perform different services, and
how they are compensated. Further information is available in the Statement of
Additional Information for the Funds.

Each Fund is one of over 30 Funds of Stagecoach Funds, an open-end management
investment company. Stagecoach was organized on September 9, 1991, as a Maryland
Corporation.

The Board of Directors of Stagecoach supervises the Funds' activities and
approves the selection of various companies hired to manage the Funds'
operation. The major service providers are described in the diagram below.
Except for the advisors, which require shareholder vote to change, if the Board
believes that it is in the best interests of the shareholders, it may make a
change in one of these companies.

---------------------------------------------------------------------------
BOARD OF DIRECTORS
---------------------------------------------------------------------------
Supervises the Fund's activities
---------------------------------------------------------------------------

---------------------------------------------------------------------------
INVESTMENT ADVISOR CUSTODIAN
---------------------------------------------------------------------------
Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
525 Market St., San Francisco, CA 525 Market St., San Francisco, CA
Manages the Fund's investment Provides safekeeping for the Fund's
activities assets
---------------------------------------------------------------------------

---------------------------------------------------------------------------
INVESTMENT SUB-ADVISOR
---------------------------------------------------------------------------
Wells Capital Management Incorporated
525 Market St.
San Francisco, CA
Manages the Fund's investment
activities
---------------------------------------------------------------------------

---------------------------------------------------------------------------

SHAREHOLDER
TRANSFER SERVICING
DISTRIBUTOR ADMINISTRATOR AGENT AGENTS
---------------------------------------------------------------------------
Stephens Inc. Wells Fargo Bank, N.A. BFDS, Inc. Various Agents
111 Center St. 525 Market St. Two Heritage Drive
Little Rock, AR San Francisco, CA Quincy, MA
Markets the Fund Manages the Maintains records Provide
and distributes Fund's business of shares and services to
shares activities supervises the customers
paying of dividends
---------------------------------------------------------------------------

---------------------------------------------------------------------------
FINANCIAL SERVICES FIRMS AND SELLING AGENTS
---------------------------------------------------------------------------
Advise current and prospective shareholders on their Fund investments
---------------------------------------------------------------------------

---------------------------------------------------------------------------
SHAREHOLDERS
---------------------------------------------------------------------------

15
<PAGE>

Organization and Management of the Funds (Cont'd)

In the following sections, the percentages shown are the percentages of the
average daily net assets of each Fund class paid on an annual basis for the
services described.

The Investment Advisor
Wells Fargo Bank provides portfolio management and fundamental security analysis
services as the advisor for each of the Funds. Wells Fargo Bank, founded in
1852, is the oldest bank in the western United States and is one of the largest
banks in the United States. Wells Fargo Bank is a wholly owned subsidiary of
Wells Fargo & Company, a national bank holding company. As of [______ __, 1999,]
Wells Fargo Bank and its affiliates managed over [$___] billion in assets. The
Funds paid Wells Fargo Bank the following for advisory services (after fee
waivers) for the last fiscal year: For these services, each of the Funds pay
Wells Fargo Bank a fee of up to [__%] of its average nets assets.

The Investment Sub-Advisor
Wells Capital Management Incorporated ("WCM"), a wholly owned subsidiary of
Wells Fargo Bank, is the sub-advisor for each of the Funds. As of [_________ __,
1999], WCM provided investment advice for assets aggregating in excess of [$___
billion]. For providing sub-advisory services to the Funds, WCM is entitled to
receive from Wells Fargo Bank .05% of each Fund's assets up to the first $960
million and .04% of all assets above $960 million. WCM is entitled to receive
from Wells Fargo Bank a minimum annual sub-advisory fee of $120,000. This
minimum annual fee payable to WCM does not affect the advisory fee paid by the
Funds to Wells Fargo Bank.

The Administrator
Wells Fargo Bank provides the Funds with administration services, including
general supervision of each Fund's operation, coordination of the other services
provided to each Fund, compilation of information for reports to the SEC and the
state securities commissions, preparation of proxy statements and shareholder
reports, and general supervision of data compilation in connection with
preparing periodic reports to the Company's Directors and officers. Wells Fargo
Bank also furnishes office space and certain facilities to conduct each Fund's
business, and compensates the Company's Directors.

Shareholder Servicing Plan
We have a shareholder servicing plans for Administrative Class shares. We have
agreements with various Institutions and shareholder servicing agents to process
purchase and redemption requests, to service shareholder accounts, and to
provide other related services. For these services, shareholder servicing agents
are entitled to receive up to .15 % of the annual average net assets of each
Fund.

16
<PAGE>

Your Account

This section tells you how to open a Fund account and how to buy, sell or
exchange Fund shares once your Fund account is open.

Typically, Administrative Class shares are bought and held on your behalf by the
Institution through which you are investing. Check with your customer account
representative or your Customer Account agreement for the rules governing your
investment.

Minimum Investments:
. Minimum initial investment amounts are determined by your Customer Account
agreement with your institution, and are generally:
. $150,000 per Fund minimum initial investment; and
. $25,000 per Fund for all investments after your first.

Important Information:
. Read this Prospectus carefully. Discuss any questions you have with your
Institution. You may also ask for copies of the Statement of Additional
Information and Annual Report. Copies are available free of charge from
your Institution or by calling 1-800-260-5969.
. We process requests to buy or sell shares each business day. The Funds are
open Monday through Friday and is closed on weekends and federal bank
holidays.
. 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 Institutions,
generally are processed on the same business day.
. Requests we receive after the above-specified times for each Fund are
deemed to be received and are processed the next business day at the
applicable Net Asset Value (NAV).
. Payment for shares may be made by Institutions in funds immediately
available to us no later than 2:00 p.m. (Pacific time) on the same business
day as the purchase order is processed. If payment is not received on the
same business day, the order will be cancelled and the Institution will be
responsible for any loss.
. We reserve the right to cancel any purchase order or delay redemption if
your check does not clear. We may also reserve the right to delay payment
of a redemption so that we may be reasonably certain that investments made
by check have been collected.
. As with all mutual fund investments, the price you pay to purchase shares
or the price you receive when you redeem shares is the NAV next determined
after a request has been received in proper form.
. We determine the NAV of each Fund's shares by subtracting the Fund
liabilities from its total assets, and then dividing the result by the
total number of outstanding shares of that Fund. The Fund uses the
amortized cost method to value portfolio securities pursuant to Rule 2a-7
under the 1940 Act. See the Statement of Additional Information for further
information.

How to Buy Shares
You can open a Fund account and buy Fund shares through an Institution through
which you have established a Customer Account. Investors interested in
purchasing Institutional shares of the Funds should contact an account
representative at their Institution and should understand the following:

. Share purchases are made through a Customer Account at an Institution in
accordance with the terms of the Customer Account involved;
. Institutions are usually the holders of record Institutional shares held
through Customer Accounts and maintain records reflecting their customers'
beneficial ownership of the shares;
. Institutions are responsible for transmitting their customers' purchase and
redemption orders to the Funds and for delivering required payment on a
timely basis;
. The exercise of voting rights and the delivery of shareholder
communications from the Funds is governed by the terms of the Customer
Account involved; and

17
<PAGE>

. Institutions may charge their customers account fees and may receive fees
from us with respect to investments their customers have made with the
Funds. See "Organization and Management of the Funds" for further details
about these fees.

How to Sell Shares
Administrative shares must be redeemed in accordance with the account agreement
governing your Customer Account at the Institution. Please read the Customer
Account agreement with your Institution for rules governing selling shares.

General Notes for Selling Shares
. We process requests we receive from and Institution in proper form before
2:00 p.m. (Pacific time) on any business day at the NAV determined at 2:00
p.m. (Pacific time) on the same business day.
. Redemption proceeds are usually wired to the redeeming Institution the
following business day.
. Requests we receive after the above specified times are deemed to be
received and are processed the next business day at the applicable NAV.
. We reserve the right to delay payment of a redemption for up to 15 days so
that we may be reasonably certain that investments made by check have been
collected. Payments of redemptions also may be delayed under extraordinary
circumstances or as permitted by the SEC in order to protect remaining
shareholders. Payments of redemptions also may be delayed up to seven days
under normal circumstances, although it is not our policy to delay such
payments.
. Generally, we pay redemption requests in cash, unless the redemption
request is for more than $250,000 or 1% of the net assets of the Fund by a
single shareholder over any ninety-day period. If a request for a
redemption is over these limits it may be to the detriment of existing
shareholders. Therefore, we may pay the redemption in part or in whole in
securities of equal value.

18
<PAGE>

Exchanges

. You should carefully read the Prospectus for the Fund into which you wish
to exchange.
. Every exchange involves selling Fund shares and that sale may produce a
capital gain or loss for federal income tax purposes.
. If you are making an initial investment into a new Fund through an
exchange, you must exchange at least the minimum first purchase amount of
the Fund you are redeeming, unless your balance has fallen below that
amount due to market conditions.
. Any exchange between Funds you already own must meet the minimum redemption
and subsequent purchase amounts for the Funds involved.
. In order to discourage excessive Fund transaction expenses that must be
borne by other shareholders, we reserve the right to limit or reject
exchange orders. Generally, we will notify you 60 days in advance of any
changes in your exchange privileges.
. Administrative Class shares may be exchanged for other Administrative Class
shares, for Institutional Class shares, for Institutional Class shares of
the Company's non-money market funds or for Class A shares in certain
qualified accounts. Contact your account representative for further
details.

19
<PAGE>

Additional Services and Other Information

Dividend and Capital Gains Distributions
We declare dividends, if any, daily and pay them monthly. You earn dividends
from the day your purchase of shares is effected and you continue to earn them
until the day before your shares are redeemed. Capital gains, if any, are
distributed at least annually.

Distributions paid by a Fund are automatically reinveseted to purchase new
shares of the Fund. The new shares are purchased at NAV, generally on the day
the distributions are paid.

Taxes

We will pass on to you net investment income and net short-term capital gains
earned by a Fund as dividend distributions. In general, these are taxable to you
as ordinary income. However, dividends distributed by the California Tax-Free
Money market Trust, which are attributable to the Fund's net interest income
from tax-exempt securities will not be subject to federal income tax.

Foreign shareholders may be subject to different tax treatment, including
withholding taxes. In certain circumstances, U.S. residents will be subject to
back-up withholding taxes.

As long as the Fund continually maintains a $1.00 NAV, you ordinarily will not
recognize taxable gain or loss on the redemption or exchange of your Fund
Shares.

20
<PAGE>

Glossary

We provide the following definitions to assist you in reading this prospectus.
For a more complete understanding of these terms you should consult your
financial adviser.

Annual and Semi-Annual Report
A document that provides certain financial and other important information for
the most recent reporting period and each Fund's portfolio of investments.

Asset-Backed Securities
Securities consisting of an undivided fractional interest in pools of consumer
loans, such as car loans or credit card debt, or receivables held in trust.

Business Day
Any day a Fund is open. The Funds are generally open Monday through Friday and
are closed on weekends and bank holidays.

Current Income
Earnings in the form of dividends or interest as opposed to capital growth. See
also "total return."

Derivatives
Securities whose values are derived in part from the value of another security
or index. An example is a stock option.

Distributions
Dividends and/or capital gains paid by a Fund on its shares.

Dollar-Denominated
Securities issued by foreign banks, companies or governments in U.S. dollars.

Illiquid Security
A security which cannot be readily sold, or cannot be readily sold without
negatively affecting its share price.

21
<PAGE>

Glossary (Cont'd)

Institution
An affiliate, franchise or correspondent bank of Wells Fargo & Company and other
institutions.

Liquidity
The ability to readily sell a security at a fair price.

Moody's
A nationally recognized ratings organization.

Preservation of Capital
The attempt by a fund's manager to reduce drops in the net asset value of fund
shares in order to preserve the initial investment.

Public Offering Price (POP)
The NAV with the sales load added.

Repurchase Agreement
An agreement between a buyer and seller of a security in which the seller agrees
to repurchase the security at an agreed upon price and time.

Selling Agent
A person who has an agreement with the Funds' distributors that allows them to
sell a Fund's shares.

Shareholder Servicing Agent
Anyone appointed by the Fund to maintain shareholder accounts and records,
assist and provide information to shareholders or perform similar functions.

22
<PAGE>

Glossary (Cont'd)

S&P
Standard and Poors, a nationally recognized ratings organization. S&P also
publishes various indexes or lists of companies representative of sectors of the
U.S. economy.

Statement of Additional Information
A document that supplements the disclosure made in the Prospectus.

Total Return
The total value of capital growth and the value of all distributions, assuming
that distributions were used to purchase additional shares of the Funds.

U.S. Government Obligations
Obligations issued or guaranteed by the U.S. Government, its agencies or
instrumentalities.

Weighted-Average Maturity
The average maturity for the debt securities in a portfolio on a dollar-for-
dollar basis.

23
<PAGE>

BACK COVER

STAGECOACH FUNDS (TM)

You may wish to review the following documents:

Statement of Additional Information
supplements the disclosures made by this Prospectus. The Statement of
Additional Information has been filed with the SEC and is incorporated
by reference into this Prospectus and is legally part of this
Prospectus.

Annual/Semi-Annual Report
provides certain financial and other important information, including
a discussion of the market conditions and investment strategies that
significantly affected Fund performance, for the most recent reporting
period.

These documents are available free of charge:

Call 1-800-260-5969, or

Write to:
Stagecoach Funds
PO Box 7066
San Francisco, CA 94120-7066

Visit the SEC's web site:
http://www.sec.gov, or

Request copies for a fee by writing to:
SEC Public Reference Room, Washington, DC 20549-6009
(call: 1-800-SEC-0330 for details)

ICA No. 811-6419 NOT FDIC INSURED - NO Sc MM-ADM (8/99)
BANK GUARANTEE - MAY
LOSE VALUE

24
<PAGE>

AUGUST 1, 1999

FRONT COVER

Stagecoach
Money Market Funds
Prospectus

Please read this Prospectus and keep it for future
reference. It is designed to provide you with
important information and to help you decide if a
Fund's goals match your own.

National Tax-Free These securities have not been approved
Money Market Fund or disapproved by the U.S. Securities and
Exchange Commission ("SEC"), any state
Prime Money Market securities commission or any other
Fund regulatory authority, nor have any of these
authorities passed upon the accuracy or
Treasury Plus Money adequacy of this Prospectus. Any
Market Fund representation to the contrary is a
criminal offense.

Fund shares are NOT deposits of Wells Fargo
Institutional Class Bank, N.A. ("Wells Fargo Bank") or any of its
affiliates. Fund shares are NOT insured or
guaranteed by the U.S. Government, the
Federal Deposit Insurance Corporation
("FDIC") or any other governmental agency.
AN INVESTMENT IN A FUND INVOLVES
CERTAIN RISKS, INCLUDING POSSIBLE
LOSS OF PRINCIPAL.

1
<PAGE>

INSIDE FRONT COVER

2
<PAGE>

Table of Contents

Overview Objectives and Principal
Strategies
This section contains Important Risks
important summary Performance History
information about the Summary of Expenses
Funds.

- --------------------------------------------------------------------------------

The Funds

This section contains
important information National Tax-Free Money Market Fund
about the individual Prime Money Market Fund
Funds. Treasury Plus Money Market Fund

General Investment Risks
Organization and Management of the Funds

- --------------------------------------------------------------------------------

Your Account

- --------------------------------------------------------------------------------

Glossary

3
<PAGE>

MONEY MARKET FUNDS OVERVIEW

National Tax-Free Money Market Fund

Objective
Seeks to provide investors with a high level of income exempt from federal
income tax, while preserving capital and liquidity.

Principal Strategy
We invest in U.S. dollar-denominated, high-quality, short-term instruments,
primarily municipal obligations.

Prime Money Market Fund

Objective
Seeks to provide investors with maximized current income to the extent
consistent with preservation of capital and maintenance of liquidity.

Treasury Plus Money Market Fund

Objective
Seeks to provide investors with current income and stability of principal.

Principal Strategy
We invest in obligations issued or guaranteed by the U.S. Treasury as well as
notes, repurchase agreements and other instruments collateralized or secured by
Treasury obligations.

SUMMARY OF IMPORTANT RISKS

This section summarizes important risks that are common to all of the Funds
described in this Prospectus, and important risks that relate specifically to
particular Funds. Both are important to your investment choice. Additional
information about these and other risks is included in the individual Fund
Descriptions later in this Prospectus and under General Investment Risks
beginning on page __. An investment in a Fund is not a deposit of Wells Fargo
Bank and is not insured or guaranteed by the FDIC or any other government
agency.

The Funds invest in debt securities, such as notes and bonds, which are
subject to credit risk and interest rate risk. Credit risk is the possibility
that an issuer of an instrument will be unable to make interest payments or
repay principal. Changes in the financial strength of an issuer or changes in
the credit rating of a security may affect its value. Interest rate risk is
the risk that interest rates may increase, which will reduce the resale value
of securities in a Fund's investments, including U.S. Government obligations.
Debt securities with longer maturities are generally more sensitive to
interest rate changes than those with shorter maturities. Changes in market
interest rates do not affect the rate payable on debt securities held in a
Fund, unless the securities have adjustable or variable rate features, which
can reduce interest

4
<PAGE>

rate risk. Changes in market interest rates may also extend or shorten the
duration of certain types of instruments, such as asset-backed securities,
and affect their value and the return on your investment.

FUND-SPECIFIC RISKS

Although each of the Funds seek to maintain a stable net asset value of $1.00
per share, there is no assurance it will be able to do so.

5
<PAGE>

----------------------------------------------

National Tax-Free Money Market Fund

[BAR CHART]

----------------------------------------------

[TABLE]

----------------------------------------------

Prime Money Market Fund

[BAR CHART]

----------------------------------------------

[TABLE]

----------------------------------------------

6
<PAGE>

----------------------------------------------

Treasury Plus Money Market Fund

[BAR CHART]

----------------------------------------------

[TABLE]

----------------------------------------------

7
<PAGE>

Summary of Expenses

Shareholder Fees
These tables describe the fees and expenses that you may pay if you buy and hold
shares of a Fund.

- ------------------------------------------------------

All
Funds
- ------------------------------------------------------
Minimum sales charge (load)
imposed on purchases (as
a percentage of offering price) None
- ------------------------------------------------------
Maximum deferred sales charge (load)
(as a percentage of purchase price) None
- ------------------------------------------------------

Annual Fund Operating Expenses
(Expenses that are deducted from Fund assets)

- -----------------------------------------------------------------------------

National Prime Money Treasury Plus
Tax-Free Money Market Fund Money
Market Fund Market Fund
- -----------------------------------------------------------------------------

Management Fees
- -----------------------------------------------------------------------------
Distribution
(12b-1) Fees
- -----------------------------------------------------------------------------
Other Expenses .
- -----------------------------------------------------------------------------
TOTAL ANNUAL
FUND OPERATING
EXPENSES/1/
- -----------------------------------------------------------------------------

/1/ The actual expenses incurred by the Funds will be lower than the contract
amounts shown above as a result of voluntary fee waivers. The Funds' actual
expenses after waivers are currently as follows: National Tax-Free Money
Market Fund __%, Prime Money Market Fund __%, and Treasury Plus Money
Market Fund __%. Fee waivers are voluntary and may be discontinued or
modified at any time.

8
<PAGE>

Summary of Expenses (Cont'd)

Example of Expenses
These examples are intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds.

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you redeem your shares at the end of each period:

- -----------------------------------------------------------------------------
National Prime Money Treasury Plus
Tax-Free Money Market Fund Money Market
Market Fund Fund
- -----------------------------------------------------------------------------
1 YEAR
- -----------------------------------------------------------------------------
3 YEARS
- -----------------------------------------------------------------------------
5 YEARS
- -----------------------------------------------------------------------------
10 YEARS
- -----------------------------------------------------------------------------

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you do NOT redeem your shares at the end of the periods
shown:

9
<PAGE>

Important information you should look for:

Investment Objective and Investment Policies
What is each Fund trying to achieve? How do we intend to invest your money? What
makes a fund different from the other Funds offered in this Prospectus?

Permitted Investments
A summary of the Fund's key permitted investments and practices.

Important Risk Factors
What are key risk factors for each Fund? This will include the factors described
in "General Investment Risks" together with any special risk factors for each
Fund.

Financial Highlights
Provides important financial information about each Fund.

10
<PAGE>

National Tax-Free Money Market Fund

Investment Objective
The National Tax-Free Money Market Fund seeks to provide investors with a high
level of income exempt from federal income tax, while preserving capital and
liquidity.

Investment Policies
We actively manage a portfolio of U.S. dollar-denominated, high-quality,
short-term instruments, primarily municipal obligations with remaining
maturities of 397 days or less. Among the municipal obligations we buy are
bonds, notes and commercial paper issued by or on behalf of the states,
territories and possessions of the United States and their political
subdivisions and other public authorities. Under normal market conditions we
invest substantially all of our assets in debt obligations that are exempt from
federal income tax. We maintain an overall dollar-weighted average maturity of
90 days or less.

Permitted Investments
Under normal market conditions, we invest:

. at least 80% of our net assets in municipal obligations the interest on
which is exempt from federal income tax and not subject to the federal
alternative minimum tax; and
. in obligations rated within the two highest categories by nationally
recognized ratings organizations.

We may also invest up to 20% of our assets in permitted taxable investments as a
defensive measure due to unusual market conditions or to maintain liquidity.

Important Risk Factors
You should consider both the General Investment Risks listed on page __ and the
specific risks listed below. They are both important to your investment choice.

Up to 25% or more of our assets invested in municipal obligations may be related
in such a way that political, economic or business developments affecting one
obligation would affect the others. For example, we may own different
obligations that pay interest based on the revenue of similar projects.

There is no guarantee that we will be able to maintain a $1.00 per share net
asset value. Generally, short-term funds do not earn as high a level of income
as funds that invest in longer-term instruments. No government agency either
directly or indirectly insures or guarantees the performance of the Fund.
Although it is our intention to minimize such exposure, a portion of the income
earned by the Fund may be subject to the federal alternative minimum tax.

NATIONAL TAX-FREE MONEY MARKET FUND (1) FINANCIAL HIGHLIGHTS
Institutional Class
- --------------------------------------------------------------------------------

FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
PERIOD
YEAR ENDED ENDED
MARCH 31, MARCH 31,
1999 1998 (2)
- -----------------------------------------------------------------------------------------------------
<S> <C> <C>
NET ASSET VALUE, BEGINNING OF PERIOD $1.00 $1.00
---------- ---------
INCOME FROM INVESTMENT OPERATIONS:
Net investment income (loss) 0.03 0.01
Net realized gain (loss) on investments 0.00 0.00
---------- ---------
TOTAL FROM INVESTMENT OPERATIONS 0.03 0.01
LESS DISTRIBUTIONS:
Dividends from net investment income (0.03) (0.01)
Distributions from net realized gain 0.00 0.00
---------- ---------
TOTAL FROM DISTRIBUTIONS (0.03) (0.01)
---------- ---------
NET ASSET VALUE, END OF PERIOD $1.00 $1.00
---------- ---------
---------- ---------
TOTAL RETURN (NOT ANNUALIZED) 3.01% 0.91%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000s) $23,929 $54,302
RATIOS TO AVERAGE NET ASSETS (ANNUALIZED):
Ratio of expenses to average net assets 0.30% 0.30%
Ratio of net investment income to average net assets 3.02% 3.05%
- -----------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets prior to waived fees and
reimbursed expenses 0.62% 0.52%
Ratio of net investment income (loss) to average net assets prior to
waived fees and reimbursed expenses 2.70% 2.83%
- -----------------------------------------------------------------------------------------------------
</TABLE>

11
<PAGE>

Prime Money Market Fund

Investment Objective
The Prime Money Market Fund seeks to provide investors with maximum current
income to the extent consistent with preservation of capital and maintenance of
liquidity.

Permitted Investments
. U.S. Government obligations;
. commercial paper rated at the date of purchase as "P-1" by Moody's or "A-1+"
or "A-1" by S&P;
. negotiable certificates of deposits and banker's acceptances;
. repurchase agreements;
. short-term, U.S. dollar-denominated debt of U.S. branches of foreign banks;
and
. shares of other money market funds.

Important Risk Factors
You should consider both the General Investment Risks beginning on page ___ and
the specific risks listed below. They are both important to your investment
choice.

PRIME MONEY MARKET FUND (1) FINANCIAL HIGHLIGHTS
Institutional Class
- --------------------------------------------------------------------------------

FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SIX MONTHS
YEAR ENDED YEAR ENDED ENDED
MARCH 31, MARCH 31, MARCH 31,
1999 1998 1997 (2)

- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
NET ASSET VALUE, BEGINNING OF PERIOD $1.00 $1.00 $1.00
---------- ---------- ----------
INCOME FROM INVESTMENT OPERATIONS:
Net investment income (loss) 0.05 0.05 0.03
Net realized gain (loss) on investments 0.00 0.00 0.00
---------- ---------- ----------
TOTAL FROM INVESTMENT OPERATIONS 0.05 0.05 0.03
LESS DISTRIBUTIONS:
Dividends from net investment income (0.05) (0.05) (0.03)
Distributions from net realized gain 0.00 0.00 0.00
---------- ---------- ----------
TOTAL FROM DISTRIBUTIONS (0.05) (0.05) (0.03)
---------- ---------- ----------
NET ASSET VALUE, END OF PERIOD $1.00 $1.00 $1.00
---------- ---------- ----------
---------- ---------- ----------
TOTAL RETURN (NOT ANNUALIZED) 5.31% 5.58% 2.64%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000s) $1,704,093 $802,511 $538,195
RATIOS TO AVERAGE NET ASSETS (ANNUALIZED):
Ratio of expenses to average net assets 0.25% 0.25% 0.25%
Ratio of net investment income to average net assets 5.12% 5.46% 5.25%
- ------------------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets prior to waived
fees and reimbursed expenses 0.39% 0.41% 0.38%
Ratio of net investment income (loss) to average net assets
prior to waived fees and reimbursed expenses 4.98% 5.30% 5.12%
- ------------------------------------------------------------------------------------------------------------
</TABLE>

- --------------------------------------------------------------------------------

PERIOD
YEAR ENDED ENDED
SEPT. 30, SEPT. 30,
1996 1995 (3)

- ------------------------------------------------------------
NET ASSET VALUE, BEGINNING
OF PERIOD $1.00 $1.00
-------- --------
INCOME FROM INVESTMENT
OPERATIONS:
Net investment income
(loss) 0.05 0.01
Net realized gain (loss)
on investments 0.00 0.00
-------- --------
TOTAL FROM INVESTMENT
OPERATIONS 0.05 0.01
LESS DISTRIBUTIONS:
Dividends from net
investment income (0.05) (0.01)
Distributions from net
realized gain 0.00 0.00
-------- --------
TOTAL FROM DISTRIBUTIONS (0.05) (0.01)
-------- --------
NET ASSET VALUE, END OF
PERIOD $1.00 $1.00
-------- --------
-------- --------
TOTAL RETURN (NOT
ANNUALIZED) 5.39% 5.65%**
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period
(000s) $423,959 $30,606
RATIOS TO AVERAGE NET ASSETS
(ANNUALIZED):
Ratio of expenses to
average net assets 0.25% 0.26%
Ratio of net investment
income to average net
assets 5.33% 5.67%
- ------------------------------------------------------------
Ratio of expenses to average
net assets prior to waived
fees and reimbursed
expenses 0.60% 0.69%
Ratio of net investment
income (loss) to average
net assets prior to waived
fees and reimbursed
expenses 4.98% 5.24%
- ------------------------------------------------------------

12
<PAGE>

Treasury Plus Money Market Fund

Investment Objective
The Treasury Plus Money Market Fund seeks to provide investors with current
income and stability of principal.

Investment Policies
We actively manage a portfolio composed of obligations issued or guaranteed by
the U.S. Treasury. We also invest in notes, repurchase agreements and other
instruments collateralized or secured by Treasury obligations. We buy
obligations with remaining maturities of 397 days or less. We maintain an
overall dollar-weighted average maturity of 90 days or less.

Permitted Investments
Under normal market conditions, we invest:

. in U.S. Treasury obligations; and
. in repurchase agreements collateralized by U.S. Treasury obligations;

As a temporary defensive measure, or to maintain liquidity, we may invest in
shares of other money market funds that have similar investment objectives.

Important Risk Factors
You should consider both the General Investment Risks listed on page __ and the
specific risks listed below. They are both important to your investment choice.

There is no guarantee that we will be able to maintain a $1.00 per share net
asset value. Generally, short-term funds to not earn as high a level of income
as funds that invest in longer-term instruments. The U.S. Treasury does not
directly or indirectly insure or guarantee the performance of the Fund. Treasury
obligations have historically involved little risk of loss of principal if held
to maturity. However, fluctuations in market interest rates may cause the market
value of Treasury obligations in the Fund's portfolio to fluctuate. Income from
repurchase agreements is not generally exempt from state or local taxes.

TREASURY PLUS MONEY MARKET FUND (1) FINANCIAL HIGHLIGHTS
Institutional Class
- -------------------------------------------------------------------------------

FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SIX MONTHS PERIOD
YEAR ENDED YEAR ENDED ENDED YEAR ENDED ENDED
MARCH 31, MARCH 31, MARCH 31, SEPT. 30, SEPT. 30,
1999 1998 1997 (3) 1996 1995 (4)

- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
NET ASSET VALUE, BEGINNING
OF PERIOD $1.00 $1.00 $1.00 $1.00 $1.00
---------- ---------- ---------- ---------- ----------
INCOME FROM INVESTMENT
OPERATIONS:
Net investment income
(loss) 0.05 0.05 0.03 0.05 0.01
Net realized gain (loss)
on investments 0.00 0.00 0.00 0.00 0.00
---------- ---------- ---------- ---------- ----------
TOTAL FROM INVESTMENT
OPERATIONS 0.05 0.05 0.03 0.05 0.01
LESS DISTRIBUTIONS:
Dividends from net
investment income (0.05) (0.05) (0.03) (0.05) (0.01)
Distributions from net
realized gain 0.00 0.00 0.00 0.00 0.00
---------- ---------- ---------- ---------- ----------
TOTAL FROM DISTRIBUTIONS (0.05) (0.05) (0.03) (0.05) (0.01)
---------- ---------- ---------- ---------- ----------
NET ASSET VALUE, END OF
PERIOD $1.00 $1.00 $1.00 $1.00 $1.00
---------- ---------- ---------- ---------- ----------
---------- ---------- ---------- ---------- ----------
TOTAL RETURN (NOT
ANNUALIZED) 5.04% 5.41% 2.58% 5.26% 5.51%**
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period
(000s) $493,987 $501,494 $449,647 $540,689 $36,443
RATIOS TO AVERAGE NET ASSETS
(ANNUALIZED):
Ratio of expenses to
average net assets 0.25% 0.25% 0.25% 0.25% 0.26%
Ratio of net investment
income to average net
assets 4.92% 5.28% 5.11% 5.21% 5.42%
- -----------------------------------------------------------------------------------------------------------
Ratio of expenses to average
net assets prior to waived
fees and reimbursed
expenses 0.41% 0.40% 0.39% 0.59% 0.69%
Ratio of net investment
income (loss) to average
net assets prior to waived
fees and reimbursed
expenses 4.76% 5.13% 4.97% 4.87% 4.99%
- -----------------------------------------------------------------------------------------------------------
</TABLE>

** ANNUALIZED
(1) THE FUND OPERATED AS A PORTFOLIO OF PACIFIC AMERICAN FUNDS THROUGH OCTOBER
1, 1994, WHEN IT WAS REORGANIZED AS THE PACIFIC AMERICAN U.S. TREASURY
PORTFOLIO, A PORTFOLIO OF PACIFICA FUNDS TRUST. IN JULY 1995, THE FUND WAS
RENAMED THE PACIFICA TREASURY MONEY MARKET FUND, AND ON SEPTEMBER 6, 1996,
THE FUND WAS REORGANIZED AS A SERIES OF STAGECOACH FUNDS, INC. IN
CONJUNCTION WITH THE SEPTEMBER 6, 1996 REORGANIZATION, WFB ASSUMED
INVESTMENT ADVISORY RESPONSIBILITIES. PRIOR TO APRIL 1, 1996, FIRST
INTERSTATE CAPITAL MANAGEMENT, INC. ("FICM") SERVED AS THE FUND'S ADVISER.
IN CONNECTION WITH THE MERGER OF FIRST INTERSTATE BANCORP INTO WELLS FARGO
& CO. ON APRIL 1, 1996, FICM WAS RENAMED WELLS FARGO INVESTMENT MANAGEMENT,
INC., SUBSEQUENTLY RENAMED WELLS CAPITAL MANAGEMENT, INC.
(2) THIS CLASS OF SHARES COMMENCED OPERATIONS ON MARCH 24, 1997.
(3) THE FUND CHANGED ITS FISCAL YEAR-END FROM SEPTEMBER 30 TO MARCH 31.
(4) THIS CLASS OF SHARES COMMENCED OPERATIONS ON AUGUST 11, 1995.
The accompanying notes are an integral part of these financial statements.

13
<PAGE>

General Investment Risks

. Unlike bank deposits, such as CDs or savings accounts, mutual funds are not
insured by the FDIC.
. We cannot guarantee that we will meet our investment objectives. In
particular, we cannot guarantee that we will be able to maintain a $1.00
per share net asset value.
. We do not guarantee the performance of a Fund, nor can we assure you that
the market value of your investment will not decline. We will not "make
good" any investment loss you may suffer, nor can anyone we contract with
to provide certain services, such as selling agents or investment advisors,
offer or promise to make good any such losses.
. Share prices -- and therefore the value of your investment -- will increase
and decrease with changes in the value of the underlying securities and
other investments. This is referred to as price volatility.
. Investing in any mutual fund, including those deemed conservative, involves
risk, including the possible loss of any money you invest.
. An investment in a single Fund, by itself, does not constitute a complete
investment plan.
. The Funds may invest a portion of their assets in U.S. Government
obligations. It is important to recognize that the U.S. Government does not
guarantee the market value or current yield of those obligations. Not all
U.S. Government obligations are backed by the full faith and credit of the
U.S. Treasury, and the U.S. Government's guarantee does not extend to the
Funds themselves.
. The Funds may also use certain derivative instruments, such as options or
futures contracts. The term "derivatives" covers a wide number of
investments, but in general it refers to any financial instrument whose
value is derived, at least in part, from the price of another security or a
specified index, asset or rate. Some derivatives may be more sensitive to
interest rate changes or market moves, and some may be susceptible to
changes in yields or values due to their structure or contract terms.

Counter-Party Risk -- The risk that the other party in a repurchase agreement or
other transaction will not fulfill its contract obligation.

Diplomatic Risk--The risk that an adverse change in the diplomatic relations
between the United States and another country might reduce the value of
liquidity of investments in either country.

Information Risk--The risk that information about a security is either
unavailable, incomplete or is inaccurate.

14
<PAGE>

General Investment Risks (Cont'd)

Leverage Risk--The risk that an investment practice, such as lending portfolio
securities or engaging in forward commitment or when-issued securities
transactions, may increase a Fund's exposure to market risk, interest rate risk
or other risks by, in effect, increasing assets available for investment.

Liquidity Risk--The risk that a security cannot be sold, or cannot be sold
without adversely affecting the price.

Market Risk--The risk that the value of a stock, bond or other security will be
reduced by market activity. This is a basic risk associated with all securities.

Political Risk--The risk that political actions, events or instability may be
unfavorable for investments made in a particular nation's or region's industry,
government or markets.

Year 2000 Risk--The Funds' principal service providers have advised the Funds
that they are working on the necessary changes to their computer systems to
avoid any system failure based on an inability to distinguish the year 2000 from
the year 1900, and that they expect their systems to be adapted in time. There
can, of course, be no assurance of success. In addition, the companies or
entities in which the Fund invests also could be adversely impacted by the Year
2000 issue, especially foreign entities, which may be less prepared for Year
2000. The extent of such impact cannot be predicted.

Investment Practice/Risk

Investment practices and risk levels are carefully monitored. We attempt to
ensure that the risk exposure for each Fund remains within the parameters of its
objective.

Remember, each Fund is designed to meet different investment needs and
objectives.

- --------------------------------------------------------------------------------

NATIONAL TREASURY
TAX-FREE PRIME PLUS
================================================================================
INVESTMENT PRACTICE: RISK:
================================================================================
FLOATING AND VARIABLE
RATE DEBT
Instruments with interest Interest Rate and . . .
rates that are adjusted Credit Risk
either on a schedule or
when an index or benchmark
changes.
- --------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
A transaction in which Credit and . . .
the seller of a security Counter-Party Risk
agrees to buy back a
security at an agreed upon
time and price, usually
with interest.
- --------------------------------------------------------------------------------
OTHER MUTUAL FUNDS
The temporary investment Market Risk . . .
in shares of another money
market fund. A pro rata
portion of the other fund's
expenses, in addition to the
expenses paid by the Fund,
will be borne by Fund
shareholders.
- --------------------------------------------------------------------------------
FOREIGN OBLIGATIONS
Dollar-denominated debt Information, Liquidity . . .
obligations of foreign Political, Regulatory,
branches of U.S. banks and Diplomatic Risk
or U.S. branches of
foreign banks.
- --------------------------------------------------------------------------------
LOANS OF PORTFOLIO SECURITIES
The practice of loaning Credit, Leverage and . . .
securities to brokers, Counter-Party Risk
dealers and financial
institutions to increase
return on those securities.
Loans may be made in accordance
with existing investment
policies.
- --------------------------------------------------------------------------------
BORROWING POLICIES
The ability to borrow an Leverage Risk . . .
equivalent of 20% (10%
for the National Tax-Free
Money Market) of assets
from banks for temporary
purposes to meet shareholder
redemptions.
- --------------------------------------------------------------------------------
ILLIQUID SECURITIES
A security that cannot be Liquidity Risk . . .
readily sold, or cannot be
readily sold without
negatively affecting its
fair price. Illiquid
securities are limited
to 10% of assets for
each Fund.
- --------------------------------------------------------------------------------

15
<PAGE>

Organization and Management of the Funds

Each Fund is one of over 30 Funds of Stagecoach Funds, an open-end management
investment company. Stagecoach was organized on September 9, 1991, as a Maryland
Corporation.

--------------------------------------------------------------------------
BOARD OF DIRECTORS
--------------------------------------------------------------------------
Supervises the Funds' activities
--------------------------------------------------------------------------

--------------------------------------------------------------------------
INVESTMENT ADVISOR CUSTODIAN
--------------------------------------------------------------------------
Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
525 Market St., San Francisco, CA 525 Market St., San Francisco, CA
Manages the Funds' investment Provides safekeeping for the Funds'
activities assets
--------------------------------------------------------------------------

--------------------------------------------------------------------------
INVESTMENT SUB-ADVISOR
--------------------------------------------------------------------------
Wells Capital Management Incorporated
525 Market St.
San Francisco, CA
Manages the Funds' investment activities
--------------------------------------------------------------------------

<TABLE>
<CAPTION>
--------------------------------------------------------------------------

SHAREHOLDER
TRANSFER SERVICING
DISTRIBUTOR ADMINISTRATOR AGENT AGENTS
--------------------------------------------------------------------------
<S> <C> <C> <C>
Stephens Inc. Wells Fargo Bank, N.A. BFDS, Inc. Various Agents
111 Center St. 525 Market St. Two Heritage
Little Rock, AR San Francisco, CA Drive Quincy, MA
Markets the Funds Manages the Maintains records Provide
and distributes Funds' business of shares and services to
shares activities supervises the customers
paying of dividends
--------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------
FINANCIAL SERVICES FIRMS AND SELLING AGENTS
--------------------------------------------------------------------------
Advise current and prospective shareholders on their Fund investments
--------------------------------------------------------------------------

--------------------------------------------------------------------------
SHAREHOLDERS
--------------------------------------------------------------------------

16
<PAGE>

Organization and Management of the Funds (Cont'd)

In the following sections, the percentages shown are the percentages of the
average daily net assets of each Fund paid on an annual basis for the services
described.

The Investment Advisor
Wells Fargo Bank provides portfolio management and fundamental security analysis
services as the advisor for each of the Funds. Wells Fargo Bank, founded in
1852, is the oldest bank in the western United States and is one of the largest
banks in the United States. Wells Fargo Bank is a wholly owned subsidiary of
Wells Fargo & Company, a national bank holding company. As of [______ __, 1999,]
Wells Fargo Bank and its affiliates managed over [$__] billion in assets. The
Funds paid Wells Fargo Bank the following for advisory services (after fee
waivers) for the last fiscal year:

<TABLE>
- -----------------------------------------------------------------------------------
<S> <C>
National Tax-Free Money Market Fund [___%]
- -----------------------------------------------------------------------------------
Prime Money Market Fund [___%]
- -----------------------------------------------------------------------------------
Treasury Plus Money Market Fund [___%]
- -----------------------------------------------------------------------------------
</TABLE>

The Sub-Advisor
Wells Capital Management Incorporated ("WCM"), a wholly owned subsidiary of
Wells Fargo Bank, is the sub-advisor for each of the Funds. As of [May 1, 1999],
WCM provided investment advice for assets aggregating in excess of [$32
billion]. For providing sub-advisory services to the Funds, WCM is entitled to
receive from Wells Fargo Bank .05% of each Fund's assets up to the first $960
million and .04% of all assets above $960 million. WCM is entitled to receive
from Wells Fargo Bank a minimum annual sub-advisory fee of $120,000. This
minimum annual fee payable to WCM does not affect the advisory fee paid by the
Funds to Wells Fargo Bank.

Shareholder Servicing Plan
We have a shareholder servicing plans for Institutional Class shares. We have
agreements with various shareholder servicing agents to process purchase and
redemption requests, to service shareholder accounts, and to provide other
related services. For these services, shareholder servicing agents are entitled
to receive as follows:

<TABLE>
- -----------------------------------------------------------------------------------
<S> <C>
National Tax-Free Money Market Fund .20%
- -----------------------------------------------------------------------------------
Prime Money Market Fund .25%
- -----------------------------------------------------------------------------------
Treasury Plus Money Market Fund .25%
- -----------------------------------------------------------------------------------
</TABLE>

17
<PAGE>

Your Account

This section tells you how to open a Fund account and how to buy, sell or
exchange Fund shares once your Fund account is open.

Typically, Institutional Class shares are bought and held on your behalf by the
Institution through which you are investing. Check with your customer account
representative or your Customer Account agreement for the rules governing your
investment.

Minimum Investments:
. Minimum, Initial and subsequent investment amounts are determined by your
Customer Account agreement with your institution, and are generally:
. $5,000,000 per Fund minimum initial Investment for the Prime and
Treasury Plus Money Market Funds;
. $150,000 minimum initial investment for the National Tax-Free Money
Market Fund; and
. $25,000 per Fund for all investments after your first.

Important Information:
. Read this Prospectus carefully. Discuss any questions you have with your
Institution. You may also ask for copies of the Statement of Additional
Information and Annual Report. Copies are available free of charge from
your Institution or by calling 1-800-260-5969.
. We process requests to buy or sell shares each business day. The Funds are
open Monday through Friday and are closed on weekend and federal bank
holidays.
. Requests we receive from an Institution in proper form before 2:00 p.m.
(Pacific time) or at such earlier cut-off time as established by your
Institution for the Prime and Treasury Plus Money Market Funds are
generally processed at 2:00 p.m. on the same day. Requests we receive in
proper form for the Treasury Plus Money Market Fund before 2:00 p.m.
(Pacific time) generally are processed at 2:00 p.m. on the same day.
. Requests we receive from an Institution in proper form before 9:00 a.m.
(Pacific time) for the National Tax-Free Money Market Fund generally are
processed at 9:00 a.m. on the same day.
. Requests we receive in proper form for the Prime and Treasury Plus Money
Market Funds before 2:00 p.m. (Pacific time) from certain Institutions with
certain automated arrangements in place generally are processed at 2:00
p.m. on the same day.
. Requests we receive after the above-specified times for each Fund are
deemed to be received and are processed the next business day at the
applicable Net Asset Value (NAV).
. Payment for shares may be made by Institutions in funds immediately
available to us no later than [1:00 p.m.] (Pacific time) on the same
business day as the purchase order is processed. If payment is not received
on the same business day, the order will be cancelled and the Institution
will be responsible for any loss.
. We reserve the right to cancel any purchase order or delay redemption if
your check does not clear. We may also reserve the right to delay payment
of a redemption so that we may be reasonably certain that investments made
by check have been collected.
. As with all mutual fund investments, the price you pay to purchase shares
or the price you receive when you redeem shares is the NAV next determined
after a request has been received in proper form.
. We determine the NAV of each Fund's shares by subtracting the Fund
liabilities from its total assets, and then dividing the result by the
total number of outstanding shares of that Fund. The Funds use the
amortized cost method to value portfolio securities pursuant to Rule 2a-7
under the 1940 Act. See the Statement of Additional Information for further
information.
. On any day the trading markets for both U.S. government securities and
money market instruments close early, the Funds will close early.

How to Buy Shares

18
<PAGE>

You can open a Fund account and buy Fund shares through an Institution through
which you have established a Customer Account. Investors interested in
purchasing Institutional shares of the Funds should contact an account
representative at their Institution and should understand the following:

How to Sell Shares
Institutional shares must be redeemed in accordance with the account agreement
governing your Customer Account at the Institution. Please read the Customer
Account agreement with your institution for rules governing selling shares.

General Notes for Selling Shares
. We process requests we receive from an institution in proper form before
2:00 p.m. (Pacific time) on any business day for the Prime and Treasury
Plus Money Market Funds at the NAV determined as of 2:00 p.m. on the same
business day. Requests we receive in proper form for the Treasury Plus
Market Fund before 2:00 p.m. noon (Pacific time) generally are processed at
2:00 PM on the same day.
. We process requests we receive in proper form before 9:00 a.m. (Pacific
time) on any business day for the National Tax-Free Money Market Fund at
the NAV determined as of 9:00 a.m. on the same business day.
. Requests we receive in proper form for the Prime and Treasury Plus Money
Market Fund before 2:00 p.m. (Pacific time) from certain Institutions with
certain automated arrangements in place generally are processed at 2:00
p.m. on the same day.
. Redemption proceeds are usually wired to the redeeming Institution the
following business day.
. Requests we receive after the above specified times are deemed to be
received and are processed the next business day at the applicable NAV.
. We reserve the right to delay payment of a redemption for up to 15 days so
that we may be reasonably certain that investments made by check have been
collected. Payments of redemptions also may be delayed under extraordinary
circumstances or as permitted by the SEC in order to protect remaining
shareholders. Payments of redemptions also may be delayed up to seven days
under normal circumstances, although it is not our policy to delay such
payments.
. Generally, we pay redemption requests in cash, unless the redemption
request is for more than $250,000 or 1% of the net assets of the Fund by a
single shareholder over any ninety-day period. If a request for a
redemption is over these limits it may be to the detriment of existing
shareholders. Therefore, we may pay the redemption in part or in whole in
securities of equal value.

19
<PAGE>

Exchanges

. You should carefully read the Prospectus for the Fund into which you wish
to exchange.
. Every exchange involves selling Fund shares and that sale may produce a
capital gain or loss for federal income tax purposes.
. If you are making an initial investment into a new Fund through an
exchange, you must exchange at least the minimum first purchase amount of
the Fund you are redeeming, unless your balance has fallen below that
amount due to market conditions.
. Any exchange between Funds you already own must meet the minimum redemption
and subsequent purchase amounts for the Funds involved.
. In order to discourage excessive Fund transaction expenses that must be
borne by other shareholders, we reserve the right to limit or reject
exchange orders. Generally, we will notify you 60 days in advance of any
changes in your exchange privileges.
. Institutional Class shares may be exchanged for other Institutional Class
shares, or for Class A shares in certain qualified accounts. Contact your
account representative for further details.

20
<PAGE>

Additional Services and Other Information

[Automatic Programs:??]

Taxes

We will pass on to you net investment income and net short-term capital gains
earned by a Fund as dividend distributions. In general, these are taxable to you
as ordinary income.

Foreign shareholders may be subject to different tax treatment, including
withholding taxes. In certain circumstances, U.S. residents will be subject to
back-up withholding taxes.

As long as the Fund continually maintains a $1.00 NAV, you ordinarily will not
recognize taxable gain or loss on the redemption or exchange of your Fund
Shares.

21
<PAGE>

Glossary

We provide the following definitions to assist you in reading this prospectus.
For a more complete understanding of these terms you should consult your
financial adviser.

ACH
Refers to the "Automated Clearing House" system maintained by the Federal
Reserve Bank which allows banks to process checks, transfer funds and perform
other tasks.

Annual and Semi-Annual Report
A document that provides certain financial and other important information for
the most recent reporting period and each Fund's portfolio of investments.

Asset-Backed Securities
Securities consisting of an undivided fractional interest in pools of consumer
loans, such as car loans or credit card debt, or receivables held in trust.

Business Day
Any day the Fund is open for business. The Funds are open Monday through Friday
and are closed on weekend and federal bank holidays.

Current Income
Earnings in the form of dividends or interest as opposed to capital growth. See
also "total return."

Derivatives
Securities whose values are derived in part from the value of another security
or index. An example is a stock option.

Distributions
Dividends and/or capital gains paid by a Fund on its shares.

Dollar-Denominated
Securities issued by foreign banks, companies or governments in U.S. dollars.

22
<PAGE>

Glossary (Cont'd)

Institution
An affiliate, franchise or correspondent bank of Wells Fargo & Company and other
institutions.

Investment-Grade Debt
A type of bond rated in the top four investment categories by a nationally
recognized ratings organization. Generally these are bonds whose issuers are
considered to have a strong ability to pay interest and repay principal,
although some investment-grade bonds may have some speculative characteristics.

Liquidity
The ability to readily sell a security at a fair price.

Moody's
A nationally recognized ratings organization.

Net Asset Value (NAV)
The value of a single fund share. It is determined by adding together all of a
Fund's assets, subtracting accrued expenses and other liabilities, then dividing
by the total number of shares. The NAV is calculated separately for each Fund,
and is determined as of 2:00 p.m. (Pacific time) for the Prime Money Market and
Treasury Plus Money Market Funds, and as of 9:00 a.m. (Pacific time) for the
National Tax-Free Money Market Fund.

Preservation of Capital
The attempt by a fund's manager to reduce drops in the net asset value of fund
shares in order to preserve the initial investment.

23
<PAGE>

Glossary (Cont'd)

Public Offering Price (POP)
The NAV with the sales load added.

Repurchase Agreement
An agreement between a buyer and seller of a security in which the seller agrees
to repurchase the security at an agreed upon price and time.

Selling Agent
A person who has an agreement with the Funds' distributors that allows them to
sell a Fund's shares.

Shareholder Servicing Agent
Anyone appointed by the Fund to maintain shareholder accounts and records,
assist and provide information to shareholders or perform similar functions.

S&P
Standard and Poors, a nationally recognized ratings organization. S&P also
publishes various indexes or lists of companies representative of sectors of the
U.S. economy.

Statement of Additional Information
A document that supplements the disclosure made in the Prospectus.

Stripped Treasury Securities
Debt obligations in which the interest payments and the repayment of principal
are separated and sold as securities.

U.S. Government Obligations
Obligations issued or guaranteed by the U.S. Government, its agencies or
instrumentalities.

Weighted-Average Maturity
The average maturity for the debt securities in a portfolio on a
dollar-for-dollar basis.

24
<PAGE>

BACK COVER

STAGECOACH FUNDS (TM)

You may wish to review the following documents:

These documents are available free of charge:

Call 1-800-260-5969, or

Write to:
Stagecoach Funds
PO Box 7066
San Francisco, CA 94120-7066

Visit the SEC's web site:
http://www.sec.gov, or

Request copies for a fee by writing to:
SEC Public Reference Room, Washington, DC 20549-6009
(call: 1-800-SEC-0330 for details)

ICA NO. 811-6419 NOT FDIC INSURED - NO SC MM-Inst (8/99)
BANK GUARANTEE -
MAY LOSE VALUE
<PAGE>

August 1, 1999
FRONT COVER

Stagecoach
Money Market Funds
Prospectus

Please read this Prospectus and keep
it for future reference. It is
designed to provide you with important
information and to help you decide if
a Fund's goals match your own.

Treasury Plus These securities have not been
Money Market Fund approved or disapproved by the U.S.
Securities and Exchange Commission
("SEC"), any state securities
commission or any other regulatory
authority, nor have any of these
authorities passed upon the accuracy
or adequacy of this Prospectus. Any
representation to the contrary is a
criminal offense.

Fund shares are NOT deposits of Wells
Class E Fargo Bank, N.A. ("Wells Fargo Bank")
or any of its affiliates. Fund shares
are NOT insured or guaranteed by the
U.S. Government, the Federal Deposit
Insurance Corporation ("FDIC") or any
other governmental agency. AN
INVESTMENT IN THE FUND INVOLVES
CERTAIN RISKS, INCLUDING POSSIBLE LOSS
OF PRINCIPAL.

1
<PAGE>

INSIDE FRONT COVER

2
<PAGE>

Table of Contents

Overview Objectives and Principal
Strategies
This section contains Important Risks
important summary Performance History
information about the Summary of Expenses
Fund.

- --------------------------------------------------------------------------------

The Fund

This section contains Treasury Plus Money Market Fund
important information General Investment Risks
about the Fund. Organization and Management of the Fund

- --------------------------------------------------------------------------------

Your Account

- --------------------------------------------------------------------------------

Glossary

3
<PAGE>

TREASURY PLUS MONEY MARKET FUND OVERVIEW

Treasury Plus Money Market Fund

Objective
Seeks to provide investors with current income and stability of principal.

Principal Strategy
We invest in obligations issued or guaranteed by the U.S. Treasury as well as
notes, repurchase agreements and other instruments collateralized or secured by
Treasury obligations.

SUMMARY OF IMPORTANT RISKS

Although the Fund seeks to maintain a stable net asset value of $1.00 per
share, there is no assurance it will be able to do so.

4
<PAGE>

- -------------------------------------------------

Treasury Plus Money Market Fund

[BAR CHART]

--------------------------

[TABLE]

--------------------------

5
<PAGE>

Summary of Expenses

Shareholder Fees
These tables describe the fees and expenses that you may pay if you buy and
hold shares of the Fund.

- ------------------------------------------------
Minimum sales charge (load)
imposed on purchases (as a
percentage of
offering price) None
- ------------------------------------------------
Maximum deferred sales charge (load)
(as a percentage of purchase None
price)
- ------------------------------------------------

Annual Fund Operating Expenses
(Expenses that are deducted from Fund assets)

- --------------------------------

Management Fees
- --------------------------------
Distribution
(12b-1)
Fees
- --------------------------------
Other Expenses
- --------------------------------
TOTAL ANNUAL
FUND OPERATING
EXPENSES/1/
- --------------------------------

/1/ The actual expenses incurred by the Fund will be lower than the contract
amounts shown above as a result of voluntary fee waivers. The Fund's actual
expenses after waivers are currently as follows: __%. Fee waivers are
voluntary and may be discontinued or modified at any time.

6
<PAGE>

Summary of Expenses (Cont'd)

Example of Expenses
These examples are intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds.

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you redeem your shares at the end of each period:

- -------------------------------
1 YEAR
- -------------------------------
3 YEARS
- -------------------------------
5 YEARS
- -------------------------------
10 YEARS
- -------------------------------

You would pay the following expenses on a $10,000 investment assuming a 5%
annual return and that you do NOT redeem your shares at the end of the periods
shown:

7
<PAGE>

Important information you should look for:

Investment Objective and Investment Policies
What is the Fund trying to achieve? How do we intend to invest your money? What
makes a fund different from the Fund offered in this Prospectus?

Permitted Investments
A summary of the Fund's key permitted investments and practices.

Important Risk Factors
What are key risk factors for the Fund? This will include the factors described
in "General Investment Risks" together with any special risk factors for the
Fund.

Financial Highlights
Provides important financial information about the Fund.

8
<PAGE>

Treasury Plus Money Market Fund

Investment Objective
The Treasury Plus Money Market Fund seeks to provide investors with current
income and stability of principal.

Investment Policies
We actively manage a portfolio composed of obligations issued or guaranteed by
the U.S. Treasury. We also invest in notes, repurchase agreements and other
instruments collateralized or secured by Treasury obligations. We buy
obligations with remaining maturities of 397 days or less. We maintain an
overall dollar-weighted average maturity of 90 days or less.

Permitted Investments
Under normal market conditions, we invest:

. in U.S. Treasury obligations; and
. in repurchase agreements collateralized by U.S. Treasury obligations;

As a temporary defensive measure, or to maintain liquidity, we may invest in
shares of other money market funds that have similar investment objectives.

Important Risk Factors
You should consider both the "General Investment Risks" listed on page __ and
the specific risks listed below. They are both important to your investment
choice.

<TABLE>
<CAPTION>
TREASURY PLUS MONEY MARKET FUND(1) FINANCIAL HIGHLIGHTS
Class E
- ----------------------------------------------------------
<S> <C>
</TABLE>
FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD IS AS FOLLOWS:
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------

PERIOD
YEAR ENDED YEAR ENDED ENDED
MARCH 31, MARCH 31, MARCH 31,
1999 1998 1997 (2)
<S> <C> <C> <C>

- ---------------------------------------------------------------------------------------------------
NET ASSET VALUE, BEGINNING OF PERIOD $ 1.00 $ 1.00 $ 1.00
-------- -------- --------
INCOME FROM INVESTMENT OPERATIONS:
Net investment income (loss) 0.05 0.05 0.00
Net realized gain (loss) on investments 0.00 0.00 0.00
-------- -------- --------
TOTAL FROM INVESTMENT OPERATIONS 0.05 0.05 0.00
LESS DISTRIBUTIONS:
Dividends from net investment income (0.05) (0.05) 0.00
Distributions from net realized gain 0.00 0.00 0.00
-------- -------- --------
TOTAL FROM DISTRIBUTIONS (0.05) (0.05) 0.00
-------- -------- --------
NET ASSET VALUE, END OF PERIOD $ 1.00 $ 1.00 $ 1.00
-------- -------- --------
TOTAL RETURN (NOT ANNUALIZED) 4.62% 4.99% 0.11%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000s) $584,451 $715,554 $820,657
RATIOS TO AVERAGE NET ASSETS (ANNUALIZED):
Ratio of expenses to average net assets 0.65% 0.65% 0.65%
Ratio of net investment income to average net assets 4.54% 4.87% 4.86%
- ---------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets prior to waived
fees and reimbursed expenses 0.78% 0.84% 0.88%
Ratio of net investment income (loss) to average net assets
prior to waived fees and reimbursed expenses 4.41% 4.68% 4.63%
- ---------------------------------------------------------------------------------------------------
</TABLE>

** ANNUALIZED
(1) THE FUND OPERATED AS A PORTFOLIO OF PACIFIC AMERICAN FUNDS THROUGH OCTOBER
1, 1994, WHEN IT WAS REORGANIZED AS THE PACIFIC AMERICAN U.S. TREASURY
PORTFOLIO, A PORTFOLIO OF PACIFICA FUNDS TRUST. IN JULY 1995, THE FUND WAS
RENAMED THE PACIFICA TREASURY MONEY MARKET FUND, AND ON SEPTEMBER 6, 1996,
THE FUND WAS REORGANIZED AS A SERIES OF STAGECOACH FUNDS, INC. IN
CONJUNCTION WITH THE SEPTEMBER 6, 1996 REORGANIZATION, WFB ASSUMED
INVESTMENT ADVISORY RESPONSIBILITIES. PRIOR TO APRIL 1, 1996, FIRST
INTERSTATE CAPITAL MANAGEMENT, INC. ("FICM") SERVED AS THE FUND'S ADVISER.
IN CONNECTION WITH THE MERGER OF FIRST INTERSTATE BANCORP INTO WELLS FARGO
& CO. ON APRIL 1, 1996, FICM WAS RENAMED WELLS FARGO INVESTMENT MANAGEMENT,
INC., SUBSEQUENTLY RENAMED WELLS CAPITAL MANAGEMENT, INC.
(2) THIS CLASS OF SHARES COMMENCED OPERATIONS ON MARCH 24, 1997.
The accompanying notes are an integral part of these financial statements.

9
<PAGE>

General Investment Risks

. Unlike bank deposits, such as CDs or savings accounts, mutual funds are not
insured by the FDIC.
. We cannot guarantee that we will meet our investment objectives. In
particular, we cannot guarantee that we will be able to maintain a $1.00
per share net asset value.
. We do not guarantee the performance of a Fund, nor can we assure you that
the market value of your investment will not decline. We will not "make
good" any investment loss you may suffer, nor can anyone we contract with
to provide certain services, such as selling agents or investment advisors,
offer or promise to make good any such losses.
. Share prices -- and therefore the value of your investment -- will increase
and decrease with changes in the value of the underlying securities and
other investments. This is referred to as price volatility.
. Investing in any mutual fund, including those deemed conservative, involves
risk, including the possible loss of any money you invest.
. An investment in a single Fund, by itself, does not constitute a complete
investment plan.
. The Fund may invest a portion of their assets in U.S. Government
obligations. It is important to recognize that the U.S. Government does not
guarantee the market value or current yield of those obligations. Not all
U.S. Government obligations are backed by the full faith and credit of the
U.S. Treasury, and the U.S. Government's guarantee does not extend to the
Fund itself.
. The Fund may also use certain derivative instruments, such as options or
futures contracts. The term "derivatives" covers a wide number of
investments, but in general it refers to any financial instrument whose
value is derived, at least in part, from the price of another security or a
specified index, asset or rate. Some derivatives may be more sensitive to
interest rate changes or market moves, and some may be susceptible to
changes in yields or values due to their structure or contract terms.

Counter-Party Risk -- The risk that the other party in a repurchase agreement or
other transaction will not fulfill its contract obligation.

Diplomatic Risk--The risk that an adverse change in the diplomatic relations
between the United States and another country might reduce the value of
liquidity of investments in either country.

Information Risk--The risk that information about a security is either
unavailable, incomplete or is inaccurate.

10
<PAGE>

General Investment Risks (Cont'd)

Leverage Risk--The risk that an investment practice, such as lending portfolio
securities or engaging in forward commitment or when-issued securities
transactions, may increase a Fund's exposure to market risk, interest rate risk
or other risks by, in effect, increasing assets available for investment.

Liquidity Risk--The risk that a security cannot be sold, or cannot be sold
without adversely affecting the price.

Market Risk--The risk that the value of a stock, bond or other security will be
reduced by market activity. This is a basic risk associated with all securities.

Political Risk--The risk that political actions, events or instability may be
unfavorable for investments made in a particular nation's or region's industry,
government or markets.

Year 2000 Risk--The Fund's principal service providers have advised the Fund
that they are working on the necessary changes to their computer systems to
avoid any system failure based on an inability to distinguish the year 2000 from
the year 1900, and that they expect their systems to be adapted in time. There
can, of course, be no assurance of success. In addition, the companies or
entities in which the Fund invests also could be adversely impacted by the Year
2000 issue, especially foreign entities, which may be less prepared for Year
2000. The extent of such impact cannot be predicted.

Investment Practice/Risk

Investment practices and risk levels are carefully monitored. We attempt to
ensure that the risk exposure for the Fund remains within the parameters of its
objective.

General Investment Risks
- --------------------------------------------------------------------------------

Treasury
Plus
================================================================================
INVESTMENT PRACTICE: RISK:
================================================================================

FLOATING AND VARIABLE RATE DEBT
Instruments with interest rates that are Interest Rate and .
adjusted either on a schedule or when an Credit Risk
index or benchmark changes.
- --------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
A transaction in which the seller of a Credit and .
security agrees to buy back a security Counter-Party Risk
at an agreed upon time and price, usually
with interest.
- --------------------------------------------------------------------------------
OTHER MUTUAL FUNDS
The temporary investment in shares of Market Risk .
another money market fund. A pro rata
portion of the other fund's expenses, in
addition to the expenses paid by the Fund,
will be borne by Fund shareholders.
- --------------------------------------------------------------------------------
FOREIGN OBLIGATIONS
Dollar-denominated debt obligations Information, Liquidity, .
of foreign branches of U.S. banks or U.S. Political, Regulatory,
branches of foreign banks. and Diplomatic Risk
- --------------------------------------------------------------------------------
LOANS OF PORTFOLIO SECURITIES
The practice of loaning securities to Credit, Counter-Party .
brokers, dealers and financial institutions and Leverage Risk
to increase return on those securities.
Loans may be made in accordance with
existing investment policies.
- --------------------------------------------------------------------------------
BORROWING POLICIES
The ability to borrow an equivalent of Leverage Risk .
20% of assets from banks for temporary
purposes to meet shareholder redemptions.
- --------------------------------------------------------------------------------
ILLIQUID SECURITIES
A security that cannot be readily sold, Liquidity Risk .
or cannot be readily sold without negatively
affecting its fair price. Illiquid securities are
limited to 10% of total assets.
- --------------------------------------------------------------------------------

11
<PAGE>

Organization and Management of the Fund

The Fund is one of over 30 Funds of Stagecoach Funds, an open-end management
investment company. Stagecoach was organized on September 9, 1991, as a Maryland
Corporation.

---------------------------------------------------------------------------

SHAREHOLDER
TRANSFER SERVICING
DISTRIBUTOR ADMINISTRATOR AGENT AGENTS
---------------------------------------------------------------------------

Stephens Inc. Wells Fargo Bank, N.A. BFDS, Inc. Various Agents
111 Center St. 525 Market St. Two Heritage Drive
Little Rock, AR San Francisco, CA Quincy, MA
Markets the Fund Manages the Maintains records Provide
and distributes Fund's business of shares and services to
shares activities supervises the customers
paying of dividends
---------------------------------------------------------------------------

---------------------------------------------------------------------------
SHAREHOLDERS
---------------------------------------------------------------------------

12
<PAGE>

Organization and Management of the Fund (Cont'd)

In the following sections, the percentages shown are the percentages of the
average daily net assets of the Fund class paid on an annual basis for the
services described.

The Investment Advisor
Wells Fargo Bank provides portfolio management and fundamental security analysis
services as the advisor for the Fund. Wells Fargo Bank, founded in 1852, is the
oldest bank in the western United States and is one of the largest banks in the
United States. Wells Fargo Bank is a wholly owned subsidiary of Wells Fargo &
Company, a national bank holding company. As of [________, 1999,] Wells Fargo
Bank and its affiliates managed over [$___] billion in assets. For these
services, the Fund pays Wells Fargo Bank a fee of up to [___%] of its average
annual net assets.

The Sub-Advisor
Wells Capital Management Incorporated ("WCM"), a wholly owned subsidiary of
Wells Fargo Bank, is the sub-advisor for the Fund. As of [________, 1999], WCM
provided investment advice for assets aggregating in excess of [$__ billion].
For providing sub-advisory services to the Fund, WCM is entitled to receive from
Wells Fargo Bank .05% of each Fund's assets up to the first $960 million and
.04% of all assets above $960 million. WCM is entitled to receive from Wells
Fargo Bank a minimum annual sub-advisory fee of $120,000. This minimum annual
fee payable to WCM does not affect the advisory fee paid by the Fund to Wells
Fargo Bank.

The Administrator
Wells Fargo Bank provides the Fund with administration services, including
general supervision of each Fund's operation, coordination of the other services
provided to the Fund, compilation of information for reports to the SEC and the
state securities commissions, preparation of proxy statements and shareholder
reports, and general supervision of data compilation in connection with
preparing periodic reports to the Company's Directors and officers. Wells Fargo
Bank also furnishes office space and certain facilities to conduct the Fund's
business, and compensates the Company's Directors.

Shareholder Servicing Plan
We have a shareholder servicing plan for the Fund class. We have agreements with
various shareholder servicing agents to process purchase and redemption
requests, to service shareholder accounts, and to provide other related
services. For these services, the shareholder servicing agents are entitled to
receive up to .30% of the Fund's average annual net assets

13
<PAGE>

Your Account

This section tells you how Fund shares are priced, how to open an account and
how to buy and sell Fund shares once your account is open.

Pricing Fund Shares:
. As with all mutual fund investments, the price you pay to purchase shares
or the price you receive when you redeem shares is not determined until
after a request has been received in proper form.
. We process requests to buy or sell shares each business day. The Fund is
open Monday through Friday and is closed on weekends and federal bank
holidays.
. We process requests to buy or sell shares of the funds each business day.
We determine the NAV of each share of the Fund at 2:00 p.m. (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. If the markets close
early, the Fund may close early and may value its shares at earlier times
under these circumstances. Any request we receive in proper form before
these times is processed the same day. Requests we receive after the cutoff
times are processed the next business day.
. We determine the NAV of each Fund's shares by subtracting the Fund
liabilities from its total assets, and then dividing the result by the
total number of outstanding shares of that Fund. The Fund uses the
amortized cost method to value portfolio securities pursuant to Rule 2a-7
under the 1940 Act. See the Statement of Additional Information for further
information.

You can buy Fund shares:
. By opening an account directly with the Fund (simply complete and return a
Stagecoach Funds application with proper payment);
. Through a brokerage account with an approved selling agent; or
. Through certain retirement, benefits and pension plans, or through certain
packaged investment products (please see the providers of the plan for
instructions).

Minimum Investments:

. $1,000 minimum initial investment; or
. $100 if you use the AutoSaver Plan Program; and
. $100 for all investments after your first.

We may waive the minimum purchases through certain retirement, benefit and
pension plans, through certain packaged investment products, or for certain
classes of shareholders as permitted by the SEC. Check the specific disclosure
statements and applications for the program through which you intend to invest.

14
<PAGE>

Your Account (Cont'd)

How to Buy Shares
The following section explains how you can buy shares directly from Stagecoach
Funds. For Funds held through brokerage and other types of accounts, please
consult your Selling Agent.

<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------
BY MAIL
- ----------------------------------------------------------------------------------------
IF YOU ARE BUYING SHARES FOR THE FIRST TIME:
- ----------------------------------------------------------------------------------------
Complete a Stagecoach Funds application. Be sure to indicate
the Fund name and the share class into which you intend to
invest. Failure to complete an application properly may result
in a delay in processing your request. Mail to:
- ------------------------------------------------------------- Stagecoach Funds
Enclose a check for at least $1,000 made out in the full P.O. Box 8266
name and share class of the Fund. For example, "Treasury Boston, MA 02266-8266
Plus Money Market Fund, Class E."
- -------------------------------------------------------------
You may start your account with $100 if you elect the
AutoSaver Plan option on the application.
- ----------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------
IF YOU ARE BUYING ADDITIONAL SHARES:
- ----------------------------------------------------------------------------------------
Make a check payable to the full name and share class of Mail to:
your Fund for at least $100. Be sure to write your account Stagecoach Funds
number on the check as well. P.O. Box 8266
Boston, MA 02266-8266
- ----------------------------------------------------------------------------------------
Enclose the payment stub/card from your statement if available.
- ----------------------------------------------------------------------------------------
</TABLE>

15
<PAGE>

Your Account (Cont'd)

<TABLE>
<S> <C>
- ---------------------------------------------------------------------------------------------
BY WIRE
- ---------------------------------------------------------------------------------------------
IF YOU ARE BUYING SHARES FOR THE FIRST TIME:
- -------------------------------------------------------------
If you do not currently have an account, complete a Mail to:
Stagecoach Funds application. You must wire at least Stagecoach Funds
$1,000. Be sure to indicate the Fund name and the share P.O. Box 8266
class into which you intend to invest. Boston, MA 02266-8266
- -------------------------------------------------------------
Mail the completed application. Fax to:
- -------------------------------------------------------------
You may also fax the completed application (with original 1-617-483-5765
to follow). You must first call BFDS at 1-800-222-8222 to
notify them of an incoming wire trade.
- -------------------------------------------------------------

- ---------------------------------------------------------------------------------------------
IF YOU ARE BUYING ADDITIONAL SHARES:
- ---------------------------------------------------------------------------------------------
Instruct your wiring bank to transmit at least $100 Wire to:
according to the instructions given to the right. Be sure Stagecoach Funds
to have the wiring bank include your current account number c/o State Street Bank &
and the name your account is registered in. Trust
Boston, MA
- -------------------------------------------------------------

Bank Routing Number:
ABA 011000028

Wire Purchase Account
Number:
9905-437-1

Attention:
Stagecoach Funds (Name
of Fund and Share Class)

Account Name:
(Registration Name
Indicated on Application)
- ---------------------------------------------------------------------------------------------
</TABLE>

16
<PAGE>

Your Account (Cont'd)

<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------
BY PHONE
- ----------------------------------------------------------------------------------------
IF YOU ARE BUYING SHARES FOR THE FIRST TIME:
- -------------------------------------------------------------
You can only make your first purchase of a Fund by phone if
you already have an existing Stagecoach Funds Trust Account. Call:
- -------------------------------------------------------------
Call Investor Services and instruct the representative to 1-800-222-8222
either:
. transfer at least $1,000 from a linked settlement
account, or
. exchange at least $1,000 worth of shares from an
existing Wells Fargo Fund. Please see "Exchanges" for
special rules.
- -------------------------------------------------------------

- ----------------------------------------------------------------------------------------
IF YOU ARE BUYING ADDITIONAL SHARES:
- ----------------------------------------------------------------------------------------
Call Investor Services and instruct the representative to Call:
either: 1-800-222-8222
. transfer at least $100 from a linked settlement
account, or
. exchange at least $100 worth of shares from another
Wells Fargo Fund.
- ----------------------------------------------------------------------------------------
</TABLE>

How to Sell Shares
The following section explains how you can sell shares held directly through an
account with Stagecoach Funds by mail or telephone. For Fund shares held through
brokerage and other types of accounts, please consult your Selling Agent.

<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------
BY MAIL
- ----------------------------------------------------------------------------------------
IF YOU ARE SELLING SHARES FOR THE FIRST TIME:
- ----------------------------------------------------------------------------------------
Write a letter stating your account registration, your
account number, the Fund you wish to redeem and the dollar
amount ($100 or more) of the redemption you wish to receive
(or write "Full Redemption").
- -------------------------------------------------------------
Make sure all the account owners sign the request.
- -------------------------------------------------------------
You may request that redemption proceeds be sent to you by Mail to:
check, by ACH transfer into a bank account, or by wire. Stagecoach Funds
Please call Investor Services regarding requirements for P.O. Box 8266
linking bank accounts or for wiring funds. We reserve the Boston, MA 02266-8266
right to charge a fee for wiring funds although it is not
currently our practice to do so.
- -------------------------------------------------------------
Signature Guarantees are required for mailed redemption
requests over $5,000. You can get a signature guarantee
at financial institutions such as a bank or brokerage
house. We do not accept notarized signatures.
- ----------------------------------------------------------------------------------------
</TABLE>

17
<PAGE>

Your Account (Cont'd)

<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------
BY PHONE
- ----------------------------------------------------------------------------------------
Call Investor Services to request a redemption of at least
$100. Be prepared to provide your account number and
Taxpayer Identification Number.
- -------------------------------------------------------------
Unless you have instructed us otherwise, only one account
owner needs to call in redemption requests.
- -------------------------------------------------------------
You may request that redemption proceeds be sent to you by
check, by transfer into an ACH-linked bank account, or by
wire. Please call Investor Services regarding requirements
for linking bank accounts or for wiring funds. We reserve
the right to charge a fee for wiring funds although it is Call:
not currently our practice to do so. 1-800-222-8222
- -------------------------------------------------------------
Telephone privileges are automatically made available to
you unless you specifically decline them on your
application or subsequently in writing.
- -------------------------------------------------------------
Phone privileges allow us to accept transaction instructions
by anyone representing themselves as the shareholder and who
provides reasonable confirmation of their identity, such as
providing the Taxpayer Identification Number on the account.
We will not be liable for any losses incurred if we follow
telephone instructions we reasonably believe to be genuine.
- -------------------------------------------------------------
Telephone requests are not accepted if the address on your
account was changed by phone in the last 15 days.
- ----------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------
GENERAL NOTES FOR SELLING SHARES
- ----------------------------------------------------------------------------------------
We determine the NAV of the Fund each day as of 2:00 p.m. (Pacific time).
- ----------------------------------------------------------------------------------------
Generally, we pay redemption requests in cash, unless the redemption request is
for more than $250,000 or 1% of the net assets of the Fund by a single
shareholder over any ninety-day period. If a request for a redemption is over
these limits, it may be to the detriment of existing shareholders to pay such
redemption in cash. Therefore, we may pay all or part of the redemption in
securities of equal value.
- ----------------------------------------------------------------------------------------
We will process requests to sell shares at the first NAV calculated after a
request in proper form is received. Requests received before the cutoff times
are processed on the same business day.
- ----------------------------------------------------------------------------------------
If your purchased shares through a packaged investment product or retirement
plan, read the directions for selling shares provided by the product or plan.
There may be special requirements that supersede the directions in this
Prospectus.
- ----------------------------------------------------------------------------------------
We reserve the right to delay payment of a redemption so that we may be
reasonably certain that investments made by check or AutoSaver Plan have been
collected. Payments of redemptions also may be delayed under extraordinary
circumstances or as permitted by the SEC in order to protect remaining
shareholders.
- ----------------------------------------------------------------------------------------
</TABLE>

18
<PAGE>

Exchanges

. You should carefully read the Prospectus for the Fund into which you wish
to exchange.
. If you exchange between a money market fund and a Fund with a sales load,
you will buy shares at the Public Offering Price (POP) of the new Fund and
a sales load may be assessed.
. If you are making an initial investment into a new Fund through an
exchange, you must exchange at least the minimum first purchase amount of
the Fund you are redeeming, unless your balance has fallen below that
amount due to market conditions.
. Any exchange between Fund you already own must meet the minimum redemption
and subsequent purchase amounts for the Funds involved.
. Exchanges from any share class to a money market fund can only be re-
exchanged for the original share class.
. In order to discourage excessive fund transaction expenses that must be
borne by other shareholders, we reserve the right to limit or reject
exchange orders. Generally, we will notify you 60 days in advance of any
changes in your exchange privileges.
. You may exchange shares of the Fund for Class A, Class B or Class C shares
of a non-money market fund.

19
<PAGE>

Additional Services and Other Information

Automatic Programs:
These programs help you conveniently purchase and/or redeem shares each month.
Call Investor Services 1-800-222-8222 for more information.

. Systematic Withdrawal Plan - With this program, you can regularly redeem
shares and receive the proceeds by check or by transfer to a linked bank
account. Simply specify an amount of at least $100 and we will sell your
shares equal to that amount on or about the 25th of each month. To
participate in this program, you:
. must have a Fund account value at $10,000 or more;
. must have your distributions reinvested; and
. may not simultaneously participate in the AutoSaver Plan.

We offer the following distribution options:

. Automatic Clearing House Option - Deposits your dividends and capital gains
into any bank account you link to your Fund account if it is part of the
ACH system. If your specified bank account is closed, we will reinvest your
distributions.

20
<PAGE>

Additional Services and Other Information (Cont'd)

Taxes

The following discussion regarding taxes is based on laws that were in effect as
of the date of this Prospectus. The discussion summarizes only some of the
important tax considerations that affect the Fund and you as a shareholder. It
is not intended as substitute for careful tax planning. You should consult your
tax advisor about your specific tax situation. Federal income tax considerations
are discussed further in the Statement of Additional Information.

We will pass on to you net investment income and net short-term capital gains
earned by a Fund as dividend distributions. In general, these are taxable to you
as ordinary income.

Foreign shareholders may be subject to different tax treatment, including
withholding taxes. In certain circumstances, U.S. residents will be subject to
back-up withholding taxes.

As long as the Fund continually maintains a $1.00 NAV, you ordinarily will not
recognize taxable gain or loss on the redemption or exchange of your Fund
Shares.

21
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Glossary

We provide the following definitions to assist you in reading this prospectus.
For a more complete understanding of these terms you should consult your
financial adviser.

ACH
Refers to the "Automated Clearing House" system maintained by the Federal
Reserve Bank which allows banks to process checks, transfer funds and perform
other tasks.

Annual and Semi-Annual Report
A document that provides certain financial and other important information for
the most recent reporting period and each Fund's portfolio of investments.

Asset-Backed Securities
Securities consisting of an undivided fractional interest in pools of consumer
loans, such as car loans or credit card debt, or receivables held in trust.

Business Day
Any day the Fund is open. The Fund is generally open Monday through Friday and
is closed weekends and on federal bank holidays.