ARMCO INC
SC 13G/A, 1995-04-10
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3)


Armco, Inc.
(Name of Issuer)

$3.625 Convertible Preferred Stock
(Title of Class of Securities)

042170 40 7
(CUSIP Number)



Check the following box 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 or less of such class.)  (See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.

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).
 


                                   13G

CUSIP NO.  042170 40 7


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 BOX 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                    0
BENEFICIALLY       (6)  SHARED VOTING POWER
OWNED BY                  0
EACH               (7)  SOLE DISPOSITIVE POWER
REPORTING                 0
PERSON             (8)  SHARED DISPOSITIVE POWER
WITH                      0

9)         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
             0

10)        CHECK 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

                                   13G

CUSIP NO.  042170 40 7


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

            Norwest Colorado, Inc.
            Tax Identification No.  84-1187164

2)        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                               (b)  [ ]
3)        SEC USE ONLY

4)        CITIZENSHIP OR PLACE OF ORGANIZATION

            Colorado

NUMBER OF          (5)  SOLE VOTING POWER
SHARES                    0
BENEFICIALLY       (6)  SHARED VOTING POWER
OWNED BY                  0
EACH               (7)  SOLE DISPOSITIVE POWER
REPORTING                 0
PERSON             (8)  SHARED DISPOSITIVE POWER
WITH                      0

9)         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
             0

10)        CHECK 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

                                   13G

CUSIP NO.  042170 40 7


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

            Norwest Bank Colorado, National Association
            Tax Identification No.  84-0187632

2)        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                               (b)  [ ]
3)        SEC USE ONLY

4)        CITIZENSHIP OR PLACE OF ORGANIZATION

            United States of America

NUMBER OF          (5)  SOLE VOTING POWER
SHARES                    0
BENEFICIALLY       (6)  SHARED VOTING POWER
OWNED BY                  0
EACH               (7)  SOLE DISPOSITIVE POWER
REPORTING                 0
PERSON             (8)  SHARED DISPOSITIVE POWER
WITH                      0

9)         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
             0

10)        CHECK 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*

             BK

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)

DISCLAIMER:  Information in this Schedule 13G is provided solely for the
             purpose of complying with Sections 13(d) and 13(g) of the Act
             and regulations promulgated thereunder, and is not to be
             construed as an admission that Norwest Corporation or any
             of its subsidiaries is the beneficial owner of the securities
             covered by this Schedule 13G for any purpose whatsoever.

Item 1(a)  Name of Issuer:

           Armco, Inc.

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

           1 Oxford Centre
           301 Grant St.
           Pittsburgh, PA  15219

Item 2(a)  Name of Person Filing:

           1.  Norwest Corporation
           2.  Norwest Colorado, Inc. (NCI)
           3.  Norwest Bank Colorado, N.A.  (NBC)

Item 2(b)  Address of Principal Business Office:

           1.  Norwest Corporation
               Norwest Center
               Sixth and Marquette
               Minneapolis, MN  55479-1026

           2.  Norwest Colorado, Inc.
               Norwest Bank Bldg.
               1740 Broadway
               Denver, CO  80274-8620

           3.  Norwest Bank Colorado, National Association
               1740 Broadway
               Denver, CO  80274-8677

Item 2(c)  Citizenship:

           1.  Norwest Corporation:  Delaware
           2.  NCI:  Colorado
           3.  NBC:  United States

Item 2(d)  Title of Class of Securities:

           $3.625 Convertible Preferred Stock

Item 2(e)  CUSIP Number:

           042170 40 7
Item 3     The person filing is a:

           1.  Norwest Corporation:  Parent Holding Company in
               accordance with 240.13d-1(b)(ii)(G)
           2.  NCI:  Parent Holding Company in accordance with 
               240.13d-1(b)(ii)(G)
           3.  NBC:  Bank as defined in Section 3(a)(6) of the Act

Item 4     Ownership:

           (a)  Amount beneficially owned:  Less than 5%

           (b)  Percent of class:  Less than 5%

           (c)  Number of shares as to which such person has:

               (i)    Sole power to vote or direct the vote:  0

               (ii)   Shared power to vote or direct the vote:  0

               (iii)  Sole power to dispose or to direct the
                      disposition of:  0

               (iv)   Shared power to dispose or direct the disposition 
                      of:  0

Item 5     Ownership of Five Percent or Less of a 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 {SYMBOL 120 \f "Wingdings"}.

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:

           See Attachment A.

Item 8     Identification and Classification 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.

Date:  April 10, 1995

NORWEST CORPORATION

By:  	
         Bruce Moland, Vice President and
          Assistant General Counsel


ATTACHMENT A

The Schedule 13G to which this attachment is appended is filed on behalf of
the subsidiaries listed below.  Norwest Colorado, Inc. is a wholly owned
subsidiary of Norwest Corporation and is the parent holding company of
Norwest Bank Colorado, National Association, which is classified for
purposes of Regulation 13d-1(b)(ii)(B) as a bank.


Norwest Bank Colorado, National Association

Norwest Colorado, Inc.




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