INTER REGIONAL FINANCIAL GROUP INC
8-K, 1996-05-06
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
                              May 1, 1996

                    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


Item 5.   OTHER EVENTS

          Reference is made to Exhibit 99 filed herewith.

Item 7.   FINANCIAL STATEMENTS AND EXHIBITS

          Exhibit 99  Press  release  regarding  an  increase  in
                      Inter-Regional  Financial   Group,   Inc.'s
                      quarterly cash  dividend to  15  cents  per
                      share of  common stock  from 11  cents  per
                      common share.


                            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:  May 6, 1996            By:  Louis C. Fornetti
                                   -----------------------------
                                   Louis C. Fornetti
                                   Executive Vice President &
                                   Chief Financial Officer

                              By:  Daniel J. Reuss
                                   ------------------------------
                                   Daniel J. Reuss
                                   Senior Vice President,
                                   Corporate Controller
                                   & Treasurer


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


Exhibit No. 99 - Press release  regarding an  increase in  Inter-
                 Regional Financial  Group, Inc.'s quarterly cash
                 dividend to  15 cents  per share of common stock
                 from 11 cents per common share.


                                                            Exhibit 99

    
[IFG LOGO]                                                NEWS RELEASE

                IFG INCREASES QUARTERLY DIVIDEND
                36 PERCENT TO 15 CENTS PER SHARE


  MINNEAPOLIS, May  1, 1996  --  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 increased
its regular  quarterly cash  dividend by  36 percent, to 15 cents
per share  of common  stock from  11 cents per common share.  The
first such  quarterly dividend  will be  payable  on  May  29  to
shareholders of record at the close of business on May 15.  There
are presently 12,106,819 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:  Jennifer Driscoll, Corporate Communications
          (612) 373-1647



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