RTW INC /MN/
SC 13G/A, 1996-10-01
FIRE, MARINE & CASUALTY INSURANCE
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*


                                    RTW. Inc.
- --------------------------------------------------------------------------------

                                (Name of Issuer)



                           Common Stock, No Par Value
- --------------------------------------------------------------------------------

                         (Title of Class of Securities)


                                   74974R 10 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).


                        (Continued on following page(s))

<PAGE>


CUSIP NO. 74974 R 107                 13G                      PAGE 2 OF 3 PAGES
          ------------                                             ---  ---

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

                  David C. Prosser Irrevocable Insurance Trust

2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) / /
                                                                         (b) / /

3    SEC USE ONLY

4    CITIZENSHIP OR PLACE OF ORGANIZATION

                                  South Dakota

     NUMBER OF           5    SOLE VOTING POWER
                                                  0
       SHARES
                         6    SHARED VOTING POWER
   BENEFICIALLY

      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   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           / /


11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                                             0%
12   TYPE OF REPORTING PERSON*


                                              OO

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

Item 4.   OWNERSHIP

     As of September 23, 1996, the Trust owned less than five percent of the
shares of RTW, Inc.


                                   SIGNATURES

     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.


September 30, 1996
                              David C. Prosser Irrevocable Insurance Trust

                              By: /s/ Thomas J. Flynn, Senior Vice President
                                  --------------------------------------------
                                  First Bank of South Dakota, N.A., Trustee





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