MARSHALL & ILSLEY CORP/WI/
SC 13G/A, 1997-02-18
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. 3)
                     _______________________


                 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 [  ].  (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>
               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:

                         Wisconsin

Number of Shares    5)   Sole Voting Power:       2,801,602
Beneficially Owned       ______________________________________________
by Each Reporting
Person With:        6)   Shared Voting Power:     29,125*
                    ______________________________________________

                    7)   Sole Dispositive Power:  79,305
                    ______________________________________________

                    8)   Shared Dispositive Power:2,750,922*

9)   Aggregate Amount Beneficially Owned by Each Reporting Person:
                           2,830,727*

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

11)  Percent of Class Represented by Amount in Row 9:
                              7.57%


12)  Type of Reporting Person (See Instructions):
                               HC


*Includes shares held in one or more employee benefit plans that provide for
participant voting and/or investment direction, where the Marshall & Ilsley
Trust Company may be viewed as having voting  or dispositive authority in
certain situations pursuant to Department of Labor regulations or
interpretations. Beneficial ownership of 25,375 of such shares is specifically
disclaimed.  See Item 4.


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 13-d(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, Wisconsin 54481


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


Item 2(b).Address or Principal Business Office or, if none, Residence:
     
          770 North 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

Item 3.             If this statement is filed pursuant to rules 13d-1 (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 theAct
     (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-1(b) (1) (ii) (F)
     (g)  [XX] Parent Holding Company, in accordance with Sec. 240.13d-1
               (b)(1)(ii)(G) (Note:  See Item 7)
     (h)  [  ] Group, in accordance with Sec. 240.13d-1 (b) (1) (h) (H)

Item 4.        Ownership.
     (a)  Amount Beneficially Owned:
                           2,830,727*

     
     (b)  Percent of Class:
                              7.57%

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

            (i)Sole power to vote or to direct the vote
                         2,801,602
           (ii)Shared power to vote or to direct the vote
                         29,125*
          (iii)Sole power to dispose or to direct the disposition of
                         79,305
           (iv)Shared power to dispose or to direct the disposition of
                         2,750,923*

*Includes shares held in one or more employee benefit plans, where the Marshall
& Ilsley Trust Company, as custodian, may be viewed as having voting or
dispositive authority in certain situations pursuant to Department of Labor
regulations or interpretations or federal case law.  Pursuant to SEC Rule 13d-4,
inclusion of  25,375 of such shares in this statement shall not be construed as
an admission that the Reporting Person or its subsidiaries are, for purposes of
Sections 13(d) or 13(g) of the Act, the beneficial owners of such securities. 

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-1(b)(1)(ii)(g) and each relevant subsidiary hereby consents to the filing
of this statement on its behalf by the parent company:

                 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-1 (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:     February 14, 1997

Signature:/s/ Patricia R. Justiliano    
          
Name/Title:Patricia R. Justiliano, Senior Vice President & Corporate Controller


(13G-FIRSTFIN.)


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