NORWEST CORP
424B2, 1995-01-24
NATIONAL COMMERCIAL BANKS
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Pricing Supplement No. 7                       Rule 424(b)(2)

Dated: January 23, 1995                        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 

                               Fixed Rate Notes

         Interest payable each January 30 and July 30 and at Maturity

<TABLE> 
<CAPTION> 

 Aggregate
 Principal        Proceeds      Date of    Maturity    Interest      
  Amount         to Company      Issue       Date        Rate         Agent
- ------------    ------------    -------    --------    --------   --------------
<S>             <C>             <C>        <C>         <C>        <C> 
$200,000,000    $199,764,000    1/30/95    1/30/97     7.875%     Lehman Bros.
- ------------    ------------    -------    --------    --------   --------------

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</TABLE> 
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Other Terms:  Cusip #66938FHV9


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