FIRST CHICAGO NBD CORP
13F-E, 1998-04-28
NATIONAL COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                                   FORM 13F-E                                                                                     
                                                                                                                                  
                                                                                                                                  
Report for the Calendar Year or Quarter Ended:    03/31/1998                                                                      
                                                                                                                                  
                                                                                                                                  
Institutional Investment Manager:                                                                                                 
                                                                                                                                  
DANIEL T. LIF                                                                                                                     
611 WOODWARD AVE.                                                                                                                 
DETROIT                                           MI            48226                                                             
                                                                                                                                  
                                                                                                                                  
<PAGE>                                                                                                                            
                                                                                                                                  
                                   FORM 13F                                                                                       
               INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT                                                                   
            MANAGERS PURSUANT TO SECTION 13 (F) OF THE SECURITIES                                                                 
                   EXCHANGE ACT OF 1934 AND RULES THEREUNDER                                                                      
                      Securities and Exchange Commission                                                                          
                            Washington, D. C. 20549                                                                               
                 Report For the Quarter Ended March 31, 1998                                                                      
                 -------------------------------------------                                                                      
Name of Institutional Investment Manager: First Chicago NBD Corporation**                                                         
Business Address: One First National Plaza   Chicago, Illinois  60670                                                             
Name, Phone No., and Title of Person Duly Authorized to Submit This Report:                                                       
Daniel T. Lis, Senior Vice President & Assistant Secretary - (313)225-3154                                                        
                                                                                                                                  
Attention - Intentional misstatements or omissions of facts constitute Federal                                                    
Criminal Violation. See 18 U.S.C 78ff(a).                                                                                         
First Chicago NBD Corporation has reported pursuant to Section 13(f) of the                                                       
Securities Exchange Act of 1934 on behalf of its subsidiaries, with respect to                                                    
securities as to which First Chicago NBD Corporation is institutional investment                                                  
manager.                                                                                                                          
                                                                                                                                  
The institutional investment manager submitting this form and its attachments                                                     
and the person by whom it is signed represent hereby that all information                                                         
contained therein is true, correct and complete. It is understood that all                                                        
required items statements and schedules are considered integral parts of this                                                     
Form and that the submission of any amendment represents that all unamended                                                       
items, statements and schedules remain true, correct and complete as previously                                                   
submitted.                                                                                                                        
                                                                                                                                  
Pursuant to the requirements of Securities Exchange act of 1934, the undersigned                                                  
institutional investment manager has caused this report to be signed on its                                                       
behalf in the City of Detroit and State of Michigan on the 13th day of April,                                                     
1998                                                                                                                              
                                                                                                                                  
First Chicago NBD Corporation                                                                                                     
(Name of Institutional Investment Manager)                                                                                        
/s/ Daniel T. Lis                                                                                                                 
- -----------------                                                                                                                 
(Manual signature of Person Duly Authorized to Submit This Report)                                                                
                                                                                                                                  
Name and 13f file numbers of all Institutional Investment Managers with respect                                                   
to which this schedule is filed (other than the one filing this report) (Listed                                                   
below)                                                                                                                            
<PAGE>      PAGE   2                                                                                                              
                                                                                                                                  
              INVESTMENT MANAGER IDENTIFICATION NO.* 13F FILE NO.                                                                 
                                                                                                                                  
1. NBD Bank (Michigan)               1  7. NBD Bank (Florida)             7                                                       
2. Daniel R. Efroymson             2,8  8. NBD Bank (Indiana N.A.)        8                                                       
3. First Chicago NBD Investment      3                                                                                            
    Management Company                                                                                                            
4. PEGASUS  FUNDS                    4                                                                                            
*Identifies those investment managers with whom the First Chicago NBD                                                             
Corporation shares investment discretion. These identification numbers are                                                        
listed in the column labeled Managers of the Institutional Investment Managers                                                    
Report..                                                                                                                          
<PAGE>                                                                                                                            
                                                                                                                                  
                                                                                                                                  
Name, Title and Telephone Number of Person Submitting Report:                                                                     
                                                                                                                                  
    DANIEL T. LIF                  MANAGER                      313-225-3154                                                      
                                                                                                                                  
                                                                                                                                  
Signature, Place and Date of Signing:                                                                                             
                                                                                                                                  
/s/ DANIEL T. LIF                  DETROIT                      MI    04/13/1998                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   3                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
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