UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
1. Name and Address of Reporting Person
Jones, Dennis R.
770 North Water Street
Milwaukee, WI 53202
USA
2. Issuer Name and Ticker or Trading Symbol
Marshall & Ilsley Corporation (MI)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
11/1999
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Senior Vice President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
+---------------------------------+----------+-------------+-----------------------------+----------------+-----------+------------+
|1. Title of Security |2. Trans- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature |
| | action | action | or Disposed of (D) | Securities | ship | of In- |
| | Date | Code | | Beneficially | Form: | direct |
| | | | | Owned at | Direct | Bene- |
| | (Month/ | | | End of | (D) or | ficial |
| | Day/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- |
| | Year) |Code |V |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/16/1993 21352 A $0.000000 21352 D
Common Stock 12/31/1996 G -252 D $0.000000 21100 D
Common Stock 02/06/1998 M 6000 A $11.292000 21100 D
Common Stock 02/06/1998 S -6000 D $57.773000 21100 D
Common Stock 11/29/1999 M 4000 A $21.000000 21100 D
Common Stock 11/29/1999 S -4000 D $65.867500 21100 D
Common Stock 12/16/1993 4102.8447 A $0.000000 4102.8447 I Spouse
Common Stock 03/21/1995 R 28.4592 A $21.625000 4131.3039 I (2) Spouse
(1)
Common Stock 06/21/1995 R 30.3301 A $22.475000 4161.634 I (2) Spouse
(1)
Common Stock 09/19/1995 R 26.7969 A $25.625000 4188.4309 I (2) Spouse
(1)
Common Stock 12/19/1995 R 26.3272 A $26.250000 4214.7581 I (2) Spouse
(1)
Common Stock 03/19/1996 R 26.8655 A $25.886000 4241.6236 I Spouse
Common Stock 06/20/1996 R 27.9651 A $28.060000 4269.5887 I Spouse
Common Stock 09/20/1996 R 27.4977 A $28.725000 4297.0864 I Spouse
Common Stock 12/18/1996 R 24.5639 A $32.363000 4321.6503 I Spouse
Common Stock 03/19/1997 R 21.2432 A $37.636000 4342.8935 I Spouse
Common Stock 06/18/1997 R 20.3634 A $42.654000 4363.2569 I Spouse
Common Stock 09/17/1997 R 17.4757 A $49.935000 4380.7326 I Spouse
Common Stock 12/17/1997 R 14.8352 A $59.059000 4395.5678 I Spouse
Common Stock 12/17/1998 R V 18.6956 A $52.350000 4414.2634 I Spouse
</TABLE>
<PAGE>
<TABLE>
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+
|1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | |Number |Owner- | |
| | | | | | | | |of |ship | |
| | | | | | | | |Deriv- |Form of| |
| | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | |of Underlying | |Secur- |ative |Nature |
| |Conver- | | |Number of | |Securities | |ities |Secur- |of |
| |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- |
| |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct |
| |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial |
|Derivative |ative |(Month/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- |
|Security |Security|Day/Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(I) |ship |
+-------------+--------+----------+------+--+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option $0 12/12/1996 A 6000 12/12/1997 12/12/2006 Common 6000 $31.875000 6000 D
Stock
Stock Option $11.292 12/14/1989 A 6000 12/14/1990 12/14/1999 Common 6000 $11.292000 6000 D
Stock
Stock Option $11.292 02/06/1998 M 6000 12/14/1999 Common 6000 $11.292000 0 D
Stock
Stock Option $21 02/15/1994 A V 4000 02/15/1995 02/15/2004 Common 4000 $21.000000 4000 D
Stock
Stock Option $21 11/29/1999 M 4000 02/15/1995 02/15/2004 Common 4000 $21.000000 0 D
Stock
Stock Option $26.1875 12/14/1995 A 4 6000 12/14/1996 12/14/2005 Common 6000 $26.187500 6000 D
Stock
Stock Option $57 12/11/1997 A 6000 12/11/1998 12/11/2007 Common 6000 $57.000000 6000 D
Stock
Perf. Shares $0 12/14/1995 A 3000 (3) 12/31/1998 Common 3000 $0.000000 3000 D
Stock (3)
Perf. Shares $0 12/12/1996 A 3000 (3) 12/31/1999 Common 3000 $0.000000 3000 D
Stock (3)
Perf. Shares $0 12/11/1997 A 3000 (3) 12/31/2000 Common 3000 $0.000000 3000 D
Stock (3)
</TABLE>
Explanation of Responses:
(1) Shares acquired pursuant to a dividend reinvestment program exempt under
Rule 16b-2.
(2) The reporting person disclaims beneficial ownership of all securities held
by his children, and this report
shall not be deemed an admission that the reporting person is the beneficial
owner of such secur
(3) Award of performance shares under 1994 Long-Term Incentive Plan for
Executives.
Performance shares may be paid following expiration of the
performance period at
SIGNATURE OF REPORTING PERSON
/s/ Dennis R. Jones
DATE
12/02/1999
