NORWEST CORP
424B2, 1994-12-05
NATIONAL COMMERCIAL BANKS
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Pricing Supplement No. 3                               Rule 424(b)(2)

Dated: December 2, 1994                                Registration No. 33-55429

(To Prospectus Dated November 8, 1994, as Supplemented by Prospectus Supplement 
Dated November 15, 1994)

                              NORWEST CORPORATION

                          Medium-Term Notes, Series E

                              Floating Rate Notes

            Principal Amount:  $50,000,000

         Proceeds to Company:  $49,972,950

         Original Issue Date:  12/9/94

             Stated Maturity:  12/9/97

                        Form:  Book Entry  X  Certificated ____

         Floating Rate Basis:  LIBOR Telerate page 3750

       Initial Interest Rate:  To be set on 12/07/94

      Interest Payment Dates:  Quarterly - 9th day of March, June, September and
                               December

        Regular Record Dates:  Fifteen calendar days preceding each interest 
                               reset date.

Interest Determination Dates:  Second London banking day preceding each interest
                               reset date

        Interest Reset Dates:  Quarterly - 9th day of March, June, September and
                               December

              Index Maturity:  3-month                 Spread: +10 bp

                       Agent:  Donaldson, Lufkin & Jenrette

                    Currency:  U.S. Dollars

Other Terms:  CUSIP #66938FHR8




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