NORWEST CORP
SC 13G/A, 1994-05-05
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. 4)

                                        
                              Glacier Bancorp Inc.
                              -------------------
                                (Name of Issuer)

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

                                  376376 10 9
                                  -----------
                                 (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.  376376 10 9      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                
                            
BENEFICIALLY        -----------------------------------------------------------
                    SHARED VOTING POWER
  OWNED BY      6
                           
    EACH             -----------------------------------------------------------
                7   SOLE DISPOSITIVE POWER
 REPORTING                         
                            
   PERSON       8   -----------------------------------------------------------
                    SHARED DISPOSITIVE POWER
    WITH                           
                           
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
            
              
- --------------------------------------------------------------------------------
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.  376376 10 9                           13G         

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

              Norwest Capital Management & Trust Co., Montana
              Tax Identification No. 81-0357739
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*         (A)   ______
                                                               (B)   ______
 
 
- --------------------------------------------------------------------------------
    SEC USE ONLY
 
 
- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              Montana
- --------------------------------------------------------------------------------
  NUMBER OF    5   SOLE VOTING POWER
 
   SHARES                        
                   ------------------------------------------------------------
BENEFICIALLY   6   SHARED VOTING POWER
               
  OWNED BY                       
               7   ------------------------------------------------------------
    EACH           SOLE DISPOSITIVE POWER
                                 
 REPORTING                 
               8   ------------------------------------------------------------
   PERSON          SHARED DISPOSITIVE POWER
                            
    WITH                         
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          
                                         
- --------------------------------------------------------------------------------
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>
 
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13G
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 4)


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

                   Glacier Bancorp Inc.

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

                   202 Main St.
                   Kalispell, MT 59903

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

                   1.  Norwest Corporation

                   2.  Norwest Capital Management & Trust Co., Montana
                       ("Montana Trust")

                   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. Montana Trust is a subsidiary of Norwest 
                   Corporation and serves as trustee of a trust that holds 
                   assets of Plan. 

                                       4




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

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

              2.  Norwest Capital Management & Trust Co., Montana 
                  P.O. Box 30058
                  Billings, MT 59117

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

              1.  Norwest Corporation is a Delaware corporation.
              2.  Montana Trust is a Montana trust company.

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

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

              376376 10 9

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

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

              1.  Norwest Corporation

              (a)  Amount Beneficially Owned.  At April 30, 1994, Norwest
              Corporation indirectly owned less than 5% of the common stock and 
              had no other rights to acquire additional shares through the 
              exercise of options or otherwise.

              2.  Montana Trust 

              (a) Amount Beneficially Owned. At April 30, 1994, Montana Trust
              was deemed to own less than 5% of the common stock and had no
              other rights to acquire additional shares through the exercise of
              options or otherwise.

              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.

                                       5



<PAGE>
 
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:
          ------------------------------------------------------------ 

          Not Applicable

Item 8    Identification and Classficiation 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 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:  May 4, 1994

NORWEST CORPORATION

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

                                       6
   




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