NOTES TO THE FINANCIAL STATEMENTS (UNAUDITED)
3. CAPITAL SHARES TRANSACTIONS
As of August 31, 1995, there were 10 billion shares of $.001 par value capital stock authorized by the
Company. As of August 31, 1995, each Fund except the Money Market Fund, the U.S. Treasury Allocation
Fund and the Short-Intermediate Term Fund was authorized to issue 100 million shares of $.001 per value
capital stock. The Money Market Fund was authorized to issue 3 billion shares. The U.S. Treasury Allocation
Fund and Short-Intermediate Term Fund were each authorized to issue 300 million shares. Transactions in capital
shares, for each Fund, are disclosed in detail in the Statements of Changes in Net Assets.
4. ORGANIZATION OF THE FUNDS
Certain Funds are successors to certain assets of collective investment funds managed by WFB. A portion of the
assets of the collective investment funds were transferred to the Funds on behalf of the Retirement Plans wishing
to liquidate their collective investment fund holdings and acquire corresponding investments in the Funds. Such
transfers occurred at or shortly after the commencement of operations of the Funds. In addition, two "special"
meetings were held in 1994 which affected the organization of the Funds. At a special meeting held February 14,
1994, the shareholders voted to change the name of the Company from "WellsFunds Inc." to "Stagecoach Inc."
At a special meeting held January 31, 1994, the shareholders of the Funds approved the reorganization of certain
funds into a "master-feeder" structure, whereby the existing Funds invest all of their assets in a corresponding
series of the Master Investment Portfolio or the Managed Series Investment Trust (both open-end registered
investment companies). On the conversion date the funds transferred their investments to the corresponding
Master Series in exchange for shares in the corresponding Master Series. Certain existing funds then became
"feeder" funds. This reorganization was effected in May 1994. The reorganization had