MARSHALL & ILSLEY CORP/WI/
424B2, 1997-07-22
NATIONAL COMMERCIAL BANKS
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                                                            Rule 424(b)(2)
                                                            File No. 33-644

               PRICING SUPPLEMENT  NO.  35  DATED    July 18, 1997
                                       ----        -----------------

               (To Prospectus dated December 7, 1995 as supplemented
                  by Prospectus Supplement dated December 27, 1995)

                            MARSHALL & ILSLEY CORPORATION

                             Medium-Term Notes, Series D

                  Due from 9 months to 30 years from date of Issue

                                 Fixed Rate Notes

                                -------------------

Trade Date:           July 18, 1997       Issue Price:        99.750%
                     ----------------                       --------------
Original Issued Date: July 23, 1997       Principal Amount: $5,000,000.00
                     ----------------                       --------------
                                          Interest Rate
Maturity Date:        July 23, 1999         Per Annum:        6.200%
                     ----------------                       --------------

Redemption:

            Check box opposite applicable paragraph.

                  [X]   The Notes cannot be redeemed prior to maturity

                  [ ]   The Notes may be redeemed prior to maturity

Terms of Redemption:


Additional Terms:
CUSIP - 57183HED9


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