WELLS FARGO & CO/MN
8-K, 1999-01-29
NATIONAL COMMERCIAL BANKS
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                                    UNITED STATES
                                          
                         SECURITIES AND EXCHANGE COMMISSION
                                          
                               Washington, D.C. 20549
                                          
                                      FORM 8-K
                                          
                                   CURRENT REPORT
                                          
                                          
                       Pursuant to Section 13 or 15(d) of the
                          Securities Exchange Act of 1934
                                          
                                          
        Date of Report (date of earliest event reported):  January 26, 1999
                                          
                                          
                                          
                               WELLS FARGO & COMPANY
               (Exact name of registrant as specified in its charter)


        Delaware                     1-2979                   No. 41-0449260
(State or other jurisdiction    (Commission File              (IRS Employer
     of incorporation)               Number)                Identification No.)


               420 Montgomery Street, San Francisco, California 94163
                (Address of principal executive offices)  (Zip Code)
                                          
                                          
        Registrant's telephone number, including area code:  1-800-411-4932
                                          
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Item 5:   OTHER EVENTS

          On January 26, 1999, Wells Fargo & Company's (Company) Board of
          Directors authorized the Company to acquire, from time to time, up to
          an additional eight million shares of Wells Fargo common stock.  The
          Company has approximately 1.6 billion shares outstanding.
          
          The shares, to be purchased at market price, are part of the Company's
          systematic pattern of common stock repurchases to meet the periodic
          common stock issuance requirements for the Company's benefit plans and
          other stock issuance requirements, including acquisitions accounted
          for as purchases.




                                   SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, on January 29, 1999.

                                   WELLS FARGO & COMPANY



                                   By:  LES L. QUOCK   
                                        -------------------------------------
                                        Les L. Quock
                                        Senior Vice President and Controller


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