INTER REGIONAL FINANCIAL GROUP INC
8-K, 1995-11-01
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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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 Earliest Event Reported
                           October 31, 1995

              Inter-Regional Financial Group, Inc.

     (Exact name of registrant as specified in its charter)



                            DELAWARE

 (State or other jurisdiction of incorporation of organization)


               1-8186                         41-1228350
      (Commission File Number)       (IRS Employer Identification
Number)

        Dain Bosworth Plaza
       60 South Sixth Street
       Minneapolis, Minnesota                 55402-4422
(Address of principal executive offices)      (Zip Code)


Registrant's telephone number, including area code (612) 371-7750

<PAGE>

Item 5.   OTHER EVENTS

          Reference is made to Exhibit 99 filed herewith.

Item 7.   FINANCIAL STATEMENTS AND EXHIBITS

          Exhibit 99  Press release regarding a three-for-two
                      stock split to be effected in the form
                      of a 50-percent stock dividend.

<PAGE>
                            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.


                           INTER-REGIONAL FINANCIAL GROUP, INC.
                                        Registrant


Date:   November 1, 1995         By:  Louis C. Fornetti
        ------------------            ----------------------
                                      Louis C. Fornetti
                                      Executive Vice President,
                                       Chief Financial Officer
                                         and Treasurer

                                 By:  Angela M. Chicoine
                                      -----------------------
                                      Angela M. Chicoine
                                      Vice President &
                                       Controller
<PAGE>

      INTER-REGIONAL FINANCIAL GROUP, INC. AND SUBSIDIARIES
                        INDEX OF EXHIBITS


Exhibit No.

      99       - Press release  regarding a three-for-two stock
                 split to be effected in the form of a 50-
                 percent stock dividend.


                                                  Exhibit 99


            IFG DECLARES THREE-FOR-TWO STOCK SPLIT
             IN FORM OF 50-PERCENT STOCK DIVIDEND

Also Declares Regular Quarterly Dividend of 16 Cents Per Share

MINNEAPOLIS, October  31, 1995  -- Inter-Regional Financial Group
(NYSE:   IFG), parent  company of  regional  broker-dealers  Dain
Bosworth Incorporated,  Minneapolis, and Rauscher Pierce Refsnes,
Dallas, today reported that its board of directors has declared a
three-for-two stock  split to  be effected  in the  form of a 50-
percent stock  dividend payable on December 20 to shareholders of
record at the close of business on December 6.

According to Irving Weiser, chairman and chief executive officer,
"We are pleased that IFG shares have been trading at record highs
in recent  weeks, and  we are  taking this step to broaden public
interest in  and improve  the trading  liquidity of the company's
stock."

IFG reported  that approximately  150,000  shares  remain  to  be
repurchased under  the 400,000-share  repurchase program approved
by the board in April 1994.  After the stock dividend, there will
be approximately  12.1 million  IFG shares outstanding, including
219,300 shares  remaining to  be  repurchased  under  the  share-
repurchase authorization.

In other  action, the IFG board also declared a regular quarterly
cash dividend  of 16  cents per share of common stock (pre-split)
payable on  December 5  to shareholders of record at the close of
business on November 21.  There are presently 8,067,681 shares of
IFG common stock outstanding.

Inter-Regional  Financial   Group  is,   through  Dain   Bosworth
Incorporated and  Rauscher  Pierce  Refsnes,  Inc.,  one  of  the
nation's largest  full-service regional  brokerage and investment
banking companies.   IFG's  two broker-dealers  serve individual,
institutional, corporate  and governmental  clients in 24 states,
predominantly in the western half of the United States.  IFG also
is the  parent company  of Regional Operations Group, Inc., which
provides brokerage  operations and  technology  services  to  IFG
broker-dealers and  correspondent firms, and IFG Asset Management
Services,  Inc.,  which  provides  financial  services  to  IFG's
broker-dealers, and which, through Insight Investment Management,
manages the Great Hall Funds and other institutional fixed income
accounts.   The company's  common stock is traded on the New York
Stock Exchange under the symbol IFG.

                              ###

CONTACT:  B. J. French, Corporate Communications (612) 371-2363



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