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STAGECOACH TRUST
LIFEPATH 2000 FUND
LIFEPATH 2010 FUND
LIFEPATH 2020 FUND
LIFEPATH 2030 FUND
LIFEPATH 2040 FUND
INSTITUTIONAL AND RETAIL CLASS
SUPPLEMENT DATED JANUARY 2, 1996
TO THE PROSPECTUS DATED JUNE 28, 1995
AND THE STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1995
Effective January 1, 1996, BZW Barclays Global Fund Advisors ("BGFA")
replaced Wells Fargo Bank, N.A. ("Wells Fargo") as investment adviser to each
of the LifePath 2000, LifePath 2010, LifePath 2020, LifePath 2030 and LifePath
2040 Master Series (the "Master Series") of Master Investment Portfolio. BGFA
was created by the reorganization of Wells Fargo Nikko Investment Advisors
("WFNIA"), the former sub-adviser to each Master Series, with and into an
affiliate of Wells Fargo Institutional Trust Company, N.A. ("WFITC"). Pursuant
to an Investment Advisory Contract with each Master Series, BGFA provides
investment guidance and policy direction in connection with the management of
each Master Series' assets. The same WFNIA investment professionals that were
previously responsible for the day-to-day management of each Master Series'
investment portfolio will continue to manage each Master Series' investment
portfolio using the approach developed by WFNIA. BGFA is entitled to receive
as compensation for its advisory services to each Master Series a monthly fee
at the annual rate of 0.55% of the average daily net assets of such Master
Series. Effective January 1, 1996, each Master Series no longer retains a
sub-investment adviser. BGFA is an indirect subsidiary of Barclays Bank PLC
and is located at 45 Fremont Street, San Francisco, CA 94105. As of January
1, 1996, BGFA and its affiliates provide investment advisory services for over
$220 billion of assets.
Effective January 1, 1996, WFITC, due to a change in control of its
outstanding voting securities, became a wholly owned subsidiary of BZW Barclays
Global Investors Holdings Inc. (formerly, The Nikko Building U.S.A., Inc.) and
was renamed BZW Barclays Global Investors, N.A. ("BGI"). BGI currently acts as
custodian to each Master Series. BGFA is a subsidiary of BGI. BGI will not be
entitled to receive compensation for its custodial services so long as BGFA is
entitled to receive fees for providing investment advisory services to the
Master Series. The principal business address of BGI is 45 Fremont Street, San
Francisco, California 94105.
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Each of the Master Series has adopted a "defensive" 12b-1 Plan (a
"Plan"). The Plan will not increase the overall level of fees or other
expenses of the Master Series or the Funds.
The Prospectus describing the Institutional Class Shares of the
LifePath Funds, the Prospectus describing the Retail Class Shares of the
LifePath Funds and the Statement of Additional Information describing each
Class are each hereby amended accordingly.
