A new filing for Wells Fargo Municipal Money Market Fund explains, "Effectively immediately, the Wells Fargo Municipal Money Fund is no longer offered and all references to the Fund are hereby removed." An earlier Prospectus Supplement filing for Wells Fargo Muni MMF," says, "At a meeting held on August 9-10, 2016, the Wells Fargo Funds Trust Board of Trustees unanimously approved the merger of the Wells Fargo Municipal Money Market Fund ("Target Fund") into the Wells Fargo National Tax-Free Money Market Fund ("Acquiring Fund"). The merger was proposed by Wells Fargo Funds Management, LLC, investment manager to the Wells Fargo Funds. The merger is subject to the satisfaction of a number of conditions, including approval by the shareholders of the Target Fund at a special meeting of the shareholders expected to be held in December 2016.... The merger, if it is approved by shareholders and all conditions to the closing are satisfied, is expected to occur in January 2017. Prior to the merger, shareholders of the Target Fund may continue to purchase and redeem their shares subject to the limitations described in the Target Fund's Prospectus. No shareholder action is necessary at this time." A separate filing for the Morgan Stanley Institutional Liquidity Funds states, "Patricia Maleski joined the Board of Trustees of the Fund as an Independent Trustee effective January 1, 2017. In addition, Ms. Maleski has been appointed to the Compliance and Insurance Committee, the Investment Committee and the Liquidity and Alternatives Sub-Committee of the Investment Committee of the Morgan Stanley Funds."

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