NORWEST CORP
SC 13G/A, 1994-02-11
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. 1)

                                        
                              H.B. Fuller Company
                              -------------------
                                (Name of Issuer)

                                 Common Stock
                         ------------------------------
                         (Title of Class of Securities)

                                  359694 10 6
                                  -----------
                                 (CUSIP Number)



  Check the following 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 of the class of
  securities described in Item 1; and (2)  has filed no amendment subsequent
  thereto reporting beneficial ownership of five percent of such class.)  (See
  Rule 13d-7.)

  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>

CUSIP NO.  359694 10 6      13G    


1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Norwest Corporation
          Tax Identification No.  41-0449260
 
 
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*        (A)   ______
                                                              (B)   ______
 
- --------------------------------------------------------------------------------
3   SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
 
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
            Delaware
- --------------------------------------------------------------------------------
  NUMBER OF     5   SOLE VOTING POWER
 
   SHARES                
                           17,658 
BENEFICIALLY        -----------------------------------------------------------
                    SHARED VOTING POWER
  OWNED BY      6
                           11,633
    EACH             -----------------------------------------------------------
                7   SOLE DISPOSITIVE POWER
 REPORTING                         
                           6,819 
   PERSON       8   -----------------------------------------------------------
                    SHARED DISPOSITIVE POWER
    WITH                           
                           19,172
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
            
            26,591
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
            
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
            Less than 5%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
            HC
- --------------------------------------------------------------------------------

                                       2


<PAGE>

CUSIP NO.  359694 10 6                           13G         

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Norwest Bank Minnesota, National Association
              Tax Identification No. 41-0451159
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*         (A)   ______
                                                               (B)   ______
 
 
- --------------------------------------------------------------------------------
    SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              United States of America
- --------------------------------------------------------------------------------
  NUMBER OF    5   SOLE VOTING POWER
 
   SHARES                  6,243      
                   ------------------------------------------------------------
BENEFICIALLY   6   SHARED VOTING POWER
               
  OWNED BY                 11,633
               7   ------------------------------------------------------------
    EACH           SOLE DISPOSITIVE POWER
                                 
 REPORTING                 3,054
               8   ------------------------------------------------------------
   PERSON          SHARED DISPOSITIVE POWER
                            
    WITH                   14,722      
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          
                   17,876
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
 

                    Less than 5%
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
          
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
          BK
- --------------------------------------------------------------------------------

                                       3



<PAGE>
 
CUSIP NO.  359694 10 6                      13G 

- --------------------------------------------------------------------------------
1   NAME OR REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              H.B. Fuller Company Thrift Plan
              Tax Identification No.  41-0268370
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*          (A)   ______
                                                                (B)   ______
 
- --------------------------------------------------------------------------------
3   SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              MINNESOTA
- --------------------------------------------------------------------------------
  NUMBER OF    5   SOLE VOTING POWER
 
   SHARES                 0
                   ------------------------------------------------------------
BENEFICIALLY       SHARED VOTING POWER
               6
  OWNED BY                0
                   ------------------------------------------------------------
    EACH       7   SOLE DISPOSITIVE POWER
               
  REPORTING               0
                   ------------------------------------------------------------
   PERSON      8   SHARED DISPOSITIVE POWER
               
    WITH                  0
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          0
 
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
 
 
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
          Less than 5%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
          EP
- --------------------------------------------------------------------------------

                                       4


<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13G
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 1)


Item 1(a)          Name of Issuer:
- ---------          --------------

                   H.B. Fuller Company

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

                   2400 Energy Park Drive
                   St. Paul, MN 55108

Item 2(a)          Name of Person Filing:
- ---------          --------------------- 

                   1.  Norwest Corporation

                   2.  Norwest Bank Minnesota, National Association ("NBM")

                   3.  H.B. Fuller Company Thrift Plan ("Plan")

                   This statement is filed by Norwest Corporation on behalf of
                   all of the persons listed above pursuant to Rule 13d-1(b). 
                   Attached is an agreement among the persons listed above to
                   that effect. NBM is a subsidiary of Norwest Corporation and
                   the trustee of the trust that holds assets of Plan.

                                       5


<PAGE>


Item 2(b)     Address of Principal Business Office(s):
- ---------     --------------------------------------- 

              1.  Norwest Corporation
                  Norwest Center
                  Sixth and Marquette
                  Minneapolis, MN  55479-1000

              2.  Norwest Bank Minnesota, National Association
                  Norwest Center 
                  Sixth and Marquette 
                  Minneapolis, MN 55479-0001

Item 2(c)     Citizenship:
- ---------     ----------- 

              1.  Norwest Corporation is a Delaware corporation.
              2.  NBM is a national banking association.

Item 2(d)     Title of Class of Securities:
- ---------     ---------------------------- 
                
              Common Stock

Item 2(e)     CUSIP Number:
- ---------     ------------ 

              359694 10 6

Item 3        Type of Person:
- ------        -------------- 

              (g)  Parent holding company for Norwest Corporation
              (b)  Bank for NBM
          
Item 4        Ownership:
- ------        --------- 

              1.  Norwest Corporation

              (a)  Amount Beneficially Owned.  At December 31, 1993, Norwest
              Corporation was deemed to own, indirectly through its          ,
              subsidiaries, 26,591 shares, including the shares indicated
              below as held by NBM.  This amount represents less than 5% of the 
              total shares of common stock outstanding at that date. Norwest 
              Corporation has no other 

                                       6
<PAGE>

          rights to acquire additional shares through the exercise of options or
          otherwise.

          2.  NBM 

          (a)  Amount Beneficially Owned.  At December 31, 1993, NBM was deemed
          to own 17,876 shares. This amount represents less than 5% of the total
          shares of common stock outstanding at that date. NBM has no other
          rights to acquire additional shares through the exercise of options
          or otherwise.

                                       7

<PAGE>

          The persons filing disclaim beneficial ownership of, and the filing of
          this statement shall not be construed as an admission that the persons
          filing are beneficial owners of, the shares covered by this statement
          for purposes of Sections 13, 14, or 16 of the Act.

Item 5    Ownership of Five Percent or Less of Class:
- ------    ------------------------------------------ 

          If this statement is being filed to report the fact that as of the 
          date hereof the reporting persons have ceased to be the beneficial
          owners of more than five percent of the class of securities, check
          the following [X].

Item 6    Ownership of More than Five 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 Exhibit A

Item 8    Identification and Classficiation of Members of the Group:
- ------    --------------------------------------------------------- 

          Not Applicable

Item 9    Notice of Dissolution of Group:
- ------    ------------------------------ 

          Not Applicable

                                       8

<PAGE>

Item 10   Certification:
- -------   ------------- 

          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.

Dated:  February 11, 1994

NORWEST CORPORATION

By  /s/ Laurel A. Holschuh
    ----------------------
        Laurel A. Holschuh, Senior Vice President
          and Secretary

                                       9

<PAGE>

                                   EXHIBIT A
                                   ---------

(Attached to and forming a part of Schedule 13G filed by Norwest Corporation on
its own behalf and on behalf of Norwest Bank Minnesota, National Association,
which serves as the trustee for the trust established in connection with the
H.B. Fuller Company Thrift Plan, and the H.B. Fuller Company Thrift Plan
regarding H.B. Fuller Company Common Stock.)

Item 7
- ------

       (a) Chalfen Bankshares, Inc. is a parent holding company - Item 3(g)

       (b) Norwest Bank Minnesota, National Association is a bank - Item 3(b)

       (c) Norwest Bank Minnesota North, National Association is a bank - 
           Item 3(b)

       (d) Norwest Bank Nebraska,  National Association is a bank - Item 3(b)

       (e) Norwest Bank North Dakota, National Association is a bank - Item 3(b)

       (f) Norwest Bank South Dakota, National Association is a bank - Item 3(b)

       (g) Norwest Capital Management & Trust Co., Montana is a bank - Item 3(b)

       (h) Norwest Holding Company is a parent holding company - Item 3(g)
      
                                      10

<PAGE>

                                   AGREEMENT
                                   ---------

  The undersigned hereby agree that the statement on Schedule 13G to which this
Agreement is attached shall be filed on behalf of Norwest Bank Minnesota,
National Association by Norwest Corporation, which directly or indirectly holds
100% of the outstanding capital stock of Norwest Bank Minnesota, National
Association. 

Dated:  February 11, 1994

NORWEST CORPORATION


 /s/ Laurel A. Holschuh
- -----------------------
     Laurel A. Holschuh, Senior Vice President
       and Secretary

NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION


/s/ John R. Caswell
- ---------------------
    John R. Caswell, Vice President

                                      11



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