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Rule 424(b)(2)
Registration No. 33-25574
PRICING SUPPLEMENT NO. 1 DATED: 11-01-93
(To Prospectus Dated September 11, 1991, as supplemented
by Prospectus Supplement Dated November 12, 1991)
FIRST BANK SYSTEM, INC.
Medium-Term Notes, Series D
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Principal Amount: 15,000,000.00 Issue Price (Dollar Amount and Percentage of Principal Amount)
$15,000,000 / 100%
Date of Original Issue: 11-03-93 Interest Rate/Initial Interest Rate: 3.1875
Maturity Date: 11-16-94 Interest Payment Dates: Monthly-3rd Wednesday-beginning 12-15-93
Interest Rate Basis (and, if applica- Regular Records Dates: Fifteenth calendar day before each interest payment
ble, related Interest Periods): date
/ / Fixed Rate Notes Interest Determination Dates: 2 business days prior to interest reset date
/ / Commercial Paper Rate Note Interest Reset Dates: 3rd Wednesday ea. month beginning 12-15-93
/ / Federal Funds Rate Note Index Maturity: One month
/X/ LIBOR Note Spread: N/A
/ / Prime Rate Note Spread Multiplier:
/ / Eleventh District Alternative Rate Event Spread:
of Funds Rate Note
/ / CD Rate Note Alternative Rate Event Spread Multiplier:
/ / Treasury Rate Notes Maximum Interest Rate:
/ / Other Base Rate Minimum Interest Rate
(as described below)
/ / Zero Coupon Note CUSIP - 31928MAA3
Redemption Terms For Original Issue Discount Notes:
Original issue discount: %
Yield to Maturity: %
Original issue discount applicable to
short accrual period: %
Method used to determine yield to maturity
Applicable to short accrual period:
/ / Approximate
/ / Exact
Other Terms: Original Issue Discount Notes:
/ / Subject to special provisions set forth therein with
respect to the principal amount thereof payable upon
Agents Commission any redemption or acceleration of the maturity
thereof.
.046 / / For Federal income tax purposes only.
Is the record or beneficial owner a California resident?
KDN 11-1-93 Yes _______ No ___X____
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