FIRST CHICAGO NBD CORP
SC 13G, 1998-03-06
NATIONAL COMMERCIAL BANKS
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 Schedule 13G


                   Under the Securities Exchange Act of 1934
                             (Amendment No.    )*


                         St. Joseph Light & Power Co.
                                 Common Stock
                                   790654107


Check the following box if a fee is being paid with their 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 of the class of 
securities described in item 1; and (2) has filed no amendment subsequent 
thereto reporting beneficial ownership of five percent 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 their 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>
 
 
CUSIP NO.  790654107                  13G                          PAGE 2 of 4 

 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                                                                                
      First Chicago NBD Corporation 38-1984850*

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [X]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 
      Delaware

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            
                          426,935
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          -0-
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             424,840
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          5,100

- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
      430,540

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10           
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
                                                                         
      5.4

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12           
      *Unless otherwise disclosed herein, all holdings of the Reporting Person 
       are indirect through one or more subsidiaries.

      HC CO

- ------------------------------------------------------------------------------
Sec 1745 (6-80)      SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>


SEC 13G                                                              Page 3 of 4

SECURITIES AND EXCHANGE COMMISSION

SCHEDULE 13G Amendment No.


Item 1(a)      Name of Issuer:

               St. Joseph Light & Power Co.             

Item 1(b)      Address of Issuer's Principal Executive Offices:

               520 Francis St.
               St. Joseph, MO. 64502
             
Item 2(a)      Name of Person Filing:
                  
               First Chicago NBD Corporation ("FCN")
             
Item 2(b)      Address of Principal Business Offices:

               One First National Plaza
               Chicago, Illinois 60670
             
Item 2(c)      Citizenship:

               Delaware
             
Item 2(d)      Title of Class of Securities:

               Common Stock
             
Item 2(e)      CUSIP No.:

               790654107
             
Item 3         Type of Person Filing:

               (g) FCN is a Parent Holding Company in accordance with 
               240.13d-1(b)(ii)(g).

Item 4         Ownership:

               The shares listed below were held in a fiduciary capacity by one
               or more subsidiaries of First Chicago NBD Corporation as of
               February 27, 1998
               A.) Amount Beneficially owned: 430,540
               B.) Percent of Class: 5.4
               C.) Number of shares to which the subject Holding company has:
                   1.) Sole power to vote or direct the vote: 426,935       
                   2.) Shared power to vote or to direct the vote: -0-
                   3.) Sole power to dispose or to direct the disposition of:  
                       424,840
                   4.) Shares power to dispose or to direct the disposition of:
                       5,100
<PAGE>


                                                                     Page 4 of 4


Item 5         Ownership of 5 percent or less of a Class:

               Not Applicable

Item 6         Ownership of More than 5 percent on Behalf of Another Person:

               Not Applicable

Item 7         Identification and Classification of the Subsidiary which
               Acquired the Security being Reported on By the Parent Holding
               Company: See Item 3

Item 8         Identification and Classification of Members of the Group:

               Not Applicable

Item 9         Notice of Dissolution of Group: Not Applicable

Item 10        Certification: By signing below I certify that to the best of my
               knowledge and belief, the securities referred 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 purpose of 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.

Dated:         March 5, 1998


                                       /s/ Daniel T. Lis
                                       ----------------
                                       Daniel T. Lis
                                       Assistant Secretary
                                       First Chicago NBD Corporation 
                                       (313) 225-3154


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