We extend the coset space formulation of the one-field realization of w 1+∞ to include more fields as the coset parameters. This can be done either by choosing a smaller stability subalgebra in the nonlinear realization of w 1+∞ symmetry, or by considering a nonlinear realization of some extended symmetry, or by combining both options. We show that all these possibilities give rise to the multi-field realizations of w 1+∞ . We deduce the twofield realization of w 1+∞ proceeding from a coset space of the symmetry groupG which is an extension of w 1+∞ by the second self-commuting set of higher spin currents. Next, starting with the unextended w 1+∞ but placing all its spin 2 generators into the coset, we obtain a new two-field realization of w 1+∞ which essentially involves a 2D dilaton. In order to construct the invariant action for this system we add one more field and so get a new three-field realization of w 1+∞ . We re-derive it within the coset space approach, by applying the latter to an extended symmetry groupĜ which is a nonlinear deformation ofG. Finally we present some multi-field generalizations of our three-field realization and discuss several intriguing parallels with N = 2 strings and conformal affine Toda theories. * BITNET: BELLUCCI@IRMLNF † BITNET: EIVANOV@ENSLAPP.ENS-LYON.FR ‡ BITNET: KRIVONOS@LTP.JINR.DUBNA.SU