WELLS FARGO & CO
8-K, 1998-03-20
NATIONAL COMMERCIAL BANKS
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                        SECURITIES AND EXCHANGE COMMISSION 
                                          
                              Washington, D.C.  20549
                                          
                                      FORM 8-K
                                          
                                          
                                          
                                          
                                   CURRENT REPORT
                                          
                                          
                                          
                                          
                      Pursuant to Section 13 or 15(d) of the 
                          Securities Exchange Act of 1934
                                          
                                          
         Date of Report (date of earliest event reported):  March 16, 1998
                                          
                                          
                               WELLS FARGO & COMPANY
               (Exact name of registrant as specified in its charter)
                                          

        Delaware                      l-6214            No. 13-2553920
(State or other juris-           (Commission File        (IRS Employer 
 diction of incorporation)           Number)             Identification No.)
                                          
                                          
              420 Montgomery Street, San Francisco, California  94l04
            (Address of principal executive offices)         (Zip Code)
                                          
                                          
        Registrant's telephone number, including area code:  l-800-411-4932
                                          
                                          
                                   Not applicable
            (Former name or former address, if changed since last report)

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Item 5:  OTHER EVENTS

         Wells Fargo & Company received the following information after
         the printing of the proxy statement for its 1998 annual meeting
         of shareholders:  Oppenheimer Capital ("Oppenheimer") has
         reported beneficial ownership of 6,129,043 shares of Wells Fargo
         Common Stock as of December 31, 1997.  This amount represents
         approximately 7.0 percent of the total shares then outstanding,
         calculated in accordance with SEC rules.  Oppenheimer is a
         registered investment adviser and shares voting and dispositive
         power over the reported shares with certain investment advisory
         clients and discretionary accounts.
                    
                                          
                                     SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned, thereunto duly authorized, on March 20, l998. 

                              WELLS FARGO & COMPANY 



                              By: /s/ GUY ROUNSAVILLE, JR.
                                 ----------------------------
                                     Guy Rounsaville, Jr.   
                                 Executive Vice President and
                                          Secretary 

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