MARSHALL & ILSLEY CORP/WI/
SC 13G, 1994-04-22
NATIONAL COMMERCIAL BANKS
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<PAGE>
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549


                              Schedule 13G
                Under the Securities Exchange Act of 1934
                           (Amendment No.   )
                           __________________


                     First Financial Corp. Wisconsin
                     _______________________________

                            (Name of Issuer)


                              Common Stock
                              ____________

                     (Title of Class of Securities)


                                320227101
                                _________

                             (CUSIP Number)


Check the following box if a fee is being paid with this statement [X].  (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent (5%) of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent (5%) or less of such
class.)  (See Rule 13d-7.)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                             Page 1 of 5 Pages

<PAGE>
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


CUSIP No. 320227101


          1)   Name of Reporting Person
               S.S. or I.R.S. Identification No. of Reporting Person:

               MARSHALL & ILSLEY CORPORATION, I.D. No. 39-0452805
_____________________________________________________________________________

          2)   Check the Appropriate Box if a Member of a Group (See
               Instructions):
               (a) [  ]
               (b) [  ]
_____________________________________________________________________________

          3)   SEC Use Only
_____________________________________________________________________________

          4)   Citizenship or Place of Organization:

               MARSHALL & ILSLEY CORPORATION IS A WISCONSIN CORPORATION
_____________________________________________________________________________

     Number of Shares         5) Sole Voting Power:        1,899,946.00
     Beneficially Owned  _______________________________________________
     by Each Reporting
     Person With:        6) Shared Voting Power:              0.00
                         _______________________________________________

                         7) Sole Dispositive Power:      10,994.00
                         _______________________________________________

                         8) Shared Dispositive Power:         0.00
_____________________________________________________________________________

          9)   Aggregate Amount Beneficially Owned by Each Reporting
               Person:
                               1,899,946.00
_____________________________________________________________________________

          10)  Check if the Aggregate Amount in Row (9) Excludes Certain
               Shares (See Instructions):

_____________________________________________________________________________

          11)  Percent of Class Represented by Amount in Row 9:

                                   8.06%
_____________________________________________________________________________

          12)  Type of Reporting Person (See Instructions):

                                    HC
_____________________________________________________________________________


                             Page 2 of 5 Pages

<PAGE>
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

INSTRUCTIONS:

     A.  Statements containing the information required by this Schedule shall
     be filed not later than February 14 following the calendar year covered
     by the statement or within the time specified in Rule 13d-1(b)(2), if
     applicable.

     B.  Information contained in a form which is required to be filed by
     rules under Section 13(f) (15 USC 78m(f)) for the same calendar year as
     that covered by a statement on this Schedule may be incorporated by
     reference in response to any of the items of this Schedule.  If such
     information is incorporated by reference in this Schedule, copies of the
     relevant pages of such form shall be filed as an exhibit to this
     Schedule.

     C.  The item numbers and captions of the items shall be included but the
     text of the items is to be omitted.  The answers to the items shall be so
     prepared as to indicate clearly the coverage of the items without
     referring to the text of the items.  Answer every item.  If an item is
     inapplicable or the answer is in the negative, so state.

     Item 1(a).  Name of Issuer:
                 First Financial Corp. of Wisconsin
     _______________________________________________________________________

     Item 1(b).  Address of Issuer's Principal Executive Offices:
                 1305 Main Street, Stevens Point, WI  54481
     _______________________________________________________________________

     Item 2(a).  Name of Person Filing:
                 Marshall & Ilsley Corporation
     _______________________________________________________________________

     Item 2(b).  Address or Principal Business Office or, if none, Residence:
                 770 N. Water Street, Milwaukee, Wisconsin
     _______________________________________________________________________

     Item 2(c).  Citizenship:
                 Wisconsin Corporation
     _______________________________________________________________________

     Item 2(d).  Title of Class of Securities:
                 Common Stock
     _______________________________________________________________________

     Item 2(e).  CUSIP Number:
                 320227101
     _______________________________________________________________________

                             Page 3 of 5 Pages

<PAGE>
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


     Item 3.   If this statement is flied pursuant to rules 13d-l(b)(1), or
               13d-2(b), check whether the person filing is a:

             (a)  [ ]    Broker or dealer registered under Section 15 of the Act
             (b)  [ ]    Bank as defined in Section 3(a)(6) of the Act
             (c)  [ ]    Insurance Company as defined in Section 3(a)(19) of the
                         Act
             (d)  [ ]    Investment Company registered under Section 8 of the
                         Investment Company Act
             (e)  [ ]    Investment Adviser registered under Section 203 of the
                         Investment Advisers Act of 1940
             (f)  [ ]    Employee Benefit Plan, Pension Fund which is subject to
                         the provisions of the Employee Retirement Income
                         Security Act of 1974 or Endowment fund: see Sec.
                         240.13d-l(b)(1)(ii)(F)
             (g)  [X]    Parent Holding Company, in accordance with Sec.
                         240.13d-l(b)(ii)(G) (Note: See Item 7)
             (h)  [ ]    Group, in accordance with Sec. 240.13d-l(b)(1)(h)(H)

     Item 4.   Ownership.

           (a) Amount Beneficially Owned:
               1,899,946.00
     _______________________________________________________________________

           (b) Percent of Class:
               8.06%
     _______________________________________________________________________

           (c) Number of shares as to which such person has:

                (i) Sole power to vote or to direct the vote
                    1,899,946.00

               (ii) Shared power to vote or to direct the vote
                    0.00

              (iii) Sole power to dispose or to direct the disposition of
                    10,994.00

               (iv) Shared power to dispose or to direct the disposition of 
                    0.00

     Item 5.   Ownership of Five Percent or Less of a Class.

               Not Applicable
     _______________________________________________________________________

     Item 6.   Ownership of More than Five Percent on Behalf of Another
               Person.

          The following person is believed to have the right to receive or
     the power to direct the receipt of dividends from, or the proceeds from
     the sale of the securities:

          First Financial Corp. 401(k) Profit Sharing Plan

     Item 7.   Identification and Classification of the Subsidiary Which
               Acquired the Security Being Reported on by the Parent Holding
               Company.

               The parent holding company has filed this schedule pursuant
               to Rule 13d-l(c) and each relevant subsidiary hereby consents
               to the filing of this statement on its behalf by the parent
               company:


                             Page 4 of 5 Pages

<PAGE>
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                    Marshall & Ilsley Trust Company of Florida
                    a Florida trust company
                    Tax Identification No. 39-1501473

                    Marshall & Ilsley Trust Company
                    a Wisconsin banking corporation
                    Tax Identification No. 39-1186267


     Item 8.   Identification and Classification of Members of the Group.

               Not Applicable
     _______________________________________________________________________

     Item 9.   Notice of Dissolution of Group.

               Not Applicable
     _______________________________________________________________________

     Item 10.  Certification.

     The following certification shall be included if the statement is filed
     pursuant to Rule 13d-l(b):

     By signing below I certify that, to the best of my knowledge and belief,
     the securities referred to above were acquired in the ordinary course of
     business and were not acquired for the purpose of and do not have the
     effect of changing or influencing the control of the issuer of such
     securities and were not acquired in connection with or as a participant
     in any transaction having such purposes or effect.


      Signature.

      After reasonable inquiry and to the best of my knowledge and belief, I
      certify that the information set forth in this statement is true,
      complete and correct.

      Date        March 11, 1994
                  ___________________________________________________________

      Signature   /s/ Patricia R. Justiliano
                  ___________________________________________________________

      Name/Title  Patricia R. Justiliano
                  Vice President & Corporate Controller
                  ___________________________________________________________


                             Page 5 of 5 Pages



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