NORWEST CORP
424B2, 1995-03-22
NATIONAL COMMERCIAL BANKS
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Pricing Supplement No. 1                       Rule 424(b)(2)

Dated: March 21, 1995                          Registration No. 33-55429


(To Prospectus Dated November 8, 1994, as Supplemented by Prospectus Supplement
Dated February 17, 1995)

                              NORWEST CORPORATION

                         Medium-Term Notes, Series F 

                               Fixed Rate Notes

         Interest payable each March 15 and September 15 and at Maturity

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<CAPTION> 

 Aggregate
 Principal        Proceeds      Date of    Maturity    Interest      
  Amount         to Company      Issue       Date        Rate              Agent
- ------------    ------------    -------    --------    --------   --------------------------
<S>             <C>             <C>        <C>         <C>        <C> 
$100,000,000     $99,538,000    3/28/95     3/15/05      7.650%     Morgan Stanley & Co.
- ------------    ------------    -------    --------    --------   --------------------------

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- --------------------------------------------------------------------------------------------
Other Terms:  Cusip #66938FHY3

- --------------------------------------------------------------------------------------------
</TABLE> 




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