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<PAGE> PAGE 4
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 18
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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SIGNATURE ANN BONSTEEL
TITLE ASST.SECRETARY
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<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 1
<NAME> LIFEPATH 2000 FUND INSTITUTIONAL CLASS
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<NAME> STAGECOACH TRUST
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<NAME> LIFEPATH 2000 FUND RETAIL CLASS
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<CIK> 0000906921
<NAME> STAGECOACH TRUST
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<NUMBER> 3
<NAME> LIFEPATH 2010 FUND INSTITUTIONAL CLASS
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<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> 1.57
<PER-SHARE-GAIN-APPREC> (0.36)
<PER-SHARE-DIVIDEND> (1.57)
<PER-SHARE-DISTRIBUTIONS> (0.17)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.94
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 4
<NAME> LIFEPATH 2010 FUND RETAIL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 82,407,446
<RECEIVABLES> 909,580
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 83,317,026
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 297,575
<TOTAL-LIABILITIES> 297,757
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 70,720,524
<SHARES-COMMON-STOCK> 6,801,286
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 507,952
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,751,771
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,039,022
<NET-ASSETS> 82,970,657
<DIVIDEND-INCOME> 817,715
<INTEREST-INCOME> 2,533,708
<OTHER-INCOME> 0
<EXPENSES-NET> 913,345
<NET-INVESTMENT-INCOME> 2,438,078
<REALIZED-GAINS-CURRENT> 2,784,852
<APPREC-INCREASE-CURRENT> 704,734
<NET-CHANGE-FROM-OPS> 5,927,664
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,393,878
<DISTRIBUTIONS-OF-GAINS> 999,794
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,915,095
<NUMBER-OF-SHARES-REDEEMED> 2,272,271
<SHARES-REINVESTED> 275,092
<NET-CHANGE-IN-ASSETS> (18,616,742)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 913,345
<AVERAGE-NET-ASSETS> 74,408,432
<PER-SHARE-NAV-BEGIN> 11.42
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 0.95
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (0.17)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.20
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 5
<NAME> LIFEPATH 2020 FUND INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 146,243,012
<RECEIVABLES> 624,760
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 146,867,772
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573,029
<TOTAL-LIABILITIES> 573,029
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,438,148
<SHARES-COMMON-STOCK> 5,615
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 504,941
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,116,111
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,235,542
<NET-ASSETS> 68,950
<DIVIDEND-INCOME> 1,874,322
<INTEREST-INCOME> 2,898,781
<OTHER-INCOME> 0
<EXPENSES-NET> 1,607,756
<NET-INVESTMENT-INCOME> 3,165,347
<REALIZED-GAINS-CURRENT> 8,285,130
<APPREC-INCREASE-CURRENT> 3,932,094
<NET-CHANGE-FROM-OPS> 15,382,571
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,862
<DISTRIBUTIONS-OF-GAINS> 97,440
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 124,129
<NUMBER-OF-SHARES-REDEEMED> 3,533,425
<SHARES-REINVESTED> 29,678
<NET-CHANGE-IN-ASSETS> (16,762,978)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,607,756
<AVERAGE-NET-ASSETS> 2,987,253
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> 0.96
<PER-SHARE-GAIN-APPREC> 0.72
<PER-SHARE-DIVIDEND> (0.96)
<PER-SHARE-DISTRIBUTIONS> (0.42)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.28
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 6
<NAME> LIFEPATH 2020 FUND RETAIL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 146,243,012
<RECEIVABLES> 624,760
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 146,867,772
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573,029
<TOTAL-LIABILITIES> 573,029
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,438,148
<SHARES-COMMON-STOCK> 11,263,827
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 504,941
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,116,111
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,235,542
<NET-ASSETS> 146,225,793
<DIVIDEND-INCOME> 1,874,322
<INTEREST-INCOME> 2,898,781
<OTHER-INCOME> 0
<EXPENSES-NET> 1,607,756
<NET-INVESTMENT-INCOME> 3,165,347
<REALIZED-GAINS-CURRENT> 8,285,130
<APPREC-INCREASE-CURRENT> 3,932,094
<NET-CHANGE-FROM-OPS> 15,382,571
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,234,978
<DISTRIBUTIONS-OF-GAINS> 4,457,911
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,270,394
<NUMBER-OF-SHARES-REDEEMED> 3,506,234
<SHARES-REINVESTED> 275,620
<NET-CHANGE-IN-ASSETS> (16,762,978)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,607,756
<AVERAGE-NET-ASSETS> 132,746,065
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 1.43
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (0.42)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.98
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 7
<NAME> LIFEPATH 2030 FUND INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 100,672,759
<RECEIVABLES> 673,460
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,346,219
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 226,762
<TOTAL-LIABILITIES> 226,762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,761,749
<SHARES-COMMON-STOCK> 2,990
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 239,292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,429,299
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,689,117
<NET-ASSETS> 40,966
<DIVIDEND-INCOME> 1,534,532
<INTEREST-INCOME> 1,203,319
<OTHER-INCOME> 0
<EXPENSES-NET> 1,080,216
<NET-INVESTMENT-INCOME> 1,657,635
<REALIZED-GAINS-CURRENT> 4,461,859
<APPREC-INCREASE-CURRENT> 5,090,075
<NET-CHANGE-FROM-OPS> 11,209,569
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,645)
<DISTRIBUTIONS-OF-GAINS> (61,335)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 156,936
<NUMBER-OF-SHARES-REDEEMED> 2,227,326
<SHARES-REINVESTED> 15,512
<NET-CHANGE-IN-ASSETS> (7,338,770)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,080,216
<AVERAGE-NET-ASSETS> 1,988,663
<PER-SHARE-NAV-BEGIN> 12.37
<PER-SHARE-NII> 0.49
<PER-SHARE-GAIN-APPREC> 1.66
<PER-SHARE-DIVIDEND> (0.49)
<PER-SHARE-DISTRIBUTIONS> (0.33)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.70
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 8
<NAME> LIFEPATH 2030 FUND RETAIL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 100,672,759
<RECEIVABLES> 673,460
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,346,219
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 226,762
<TOTAL-LIABILITIES> 226,762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,761,749
<SHARES-COMMON-STOCK> 7,306,805
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 239,292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,429,299
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,689,117
<NET-ASSETS> 101,078,492
<DIVIDEND-INCOME> 1,534,532
<INTEREST-INCOME> 1,203,319
<OTHER-INCOME> 0
<EXPENSES-NET> 1,080,216
<NET-INVESTMENT-INCOME> 1,657,635
<REALIZED-GAINS-CURRENT> 4,461,859
<APPREC-INCREASE-CURRENT> 5,090,075
<NET-CHANGE-FROM-OPS> 11,209,569
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,710,475
<DISTRIBUTIONS-OF-GAINS> 2,265,932
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,403,224
<NUMBER-OF-SHARES-REDEEMED> (2,120,516)
<SHARES-REINVESTED> 296,195
<NET-CHANGE-IN-ASSETS> (7,338,770)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,080,216
<AVERAGE-NET-ASSETS> 89,334,804
<PER-SHARE-NAV-BEGIN> 12.34
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 1.83
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (0.33)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.83
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 9
<NAME> LIFEPATH 2040 FUND INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 188,629,384
<RECEIVABLES> 1,326,211
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 189,955,595
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375,670
<TOTAL-LIABILITIES> 375,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,066,846
<SHARES-COMMON-STOCK> 1,464
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 278,583
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,273,556
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,960,940
<NET-ASSETS> 20,405
<DIVIDEND-INCOME> 3,087,936
<INTEREST-INCOME> 890,450
<OTHER-INCOME> 0
<EXPENSES-NET> 1,958,488
<NET-INVESTMENT-INCOME> 2,019,898
<REALIZED-GAINS-CURRENT> 13,884,725
<APPREC-INCREASE-CURRENT> 11,621,464
<NET-CHANGE-FROM-OPS> 27,526,087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 338
<DISTRIBUTIONS-OF-GAINS> 797,501
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 148,636
<NUMBER-OF-SHARES-REDEEMED> 2,763,338
<SHARES-REINVESTED> 19,679
<NET-CHANGE-IN-ASSETS> 13,456,187
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,958,488
<AVERAGE-NET-ASSETS> 2,304,540
<PER-SHARE-NAV-BEGIN> 12.86
<PER-SHARE-NII> 0.63
<PER-SHARE-GAIN-APPREC> 1.78
<PER-SHARE-DIVIDEND> (0.64)
<PER-SHARE-DISTRIBUTIONS> (0.69)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.94
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906921
<NAME> STAGECOACH TRUST
<SERIES>
<NUMBER> 10
<NAME> LIFEPATH 2040 FUND RETAIL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-START> MAR-01-1996
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 188,629,384
<RECEIVABLES> 1,326,211
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 189,955,595
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375,670
<TOTAL-LIABILITIES> 375,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,066,846
<SHARES-COMMON-STOCK> 13,073,372
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 278,583
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,273,556
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,960,940
<NET-ASSETS> 189,559,520
<DIVIDEND-INCOME> 3,087,936
<INTEREST-INCOME> 890,450
<OTHER-INCOME> 0
<EXPENSES-NET> 1,958,488
<NET-INVESTMENT-INCOME> 2,019,898
<REALIZED-GAINS-CURRENT> 13,884,725
<APPREC-INCREASE-CURRENT> 11,621,464
<NET-CHANGE-FROM-OPS> 27,526,087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,045,803
<DISTRIBUTIONS-OF-GAINS> 7,609,699
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,678,582
<NUMBER-OF-SHARES-REDEEMED> 3,916,082
<SHARES-REINVESTED> 196,508
<NET-CHANGE-IN-ASSETS> 13,456,187
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,958,488
<AVERAGE-NET-ASSETS> 162,878,113
<PER-SHARE-NAV-BEGIN> 12.84
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 2.35
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (0.69)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.50
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Independent Auditors' Report on Internal Accounting Controls
To the Board of Trustees and Shareholders
Stagecoach Trust:
In planning and performing our audit of the financial statements of Stagecoach
Trust (comprising, respectively, LifePath 2000 Fund, LifePath 2010 Fund,
LifePath 2020 Fund, LifePath 2030 Fund, and LifePath 2040 Fund) for the year
ended February 28, 1997, we considered its internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of Stagecoach Trust is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses, as defined above as of
February 28, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ Peat Marwick LLP
April 11, 1997
