<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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SIGNATURE MICHAEL MARTINS
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Norwest
Select Funds Semi-Annual Report dated June 30, 1996 and is qualified in its
entirety by reference to such report.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 02
<NAME> INTERMEDIATE BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 4,296,065
<INVESTMENTS-AT-VALUE> 4,243,384
<RECEIVABLES> 62,836
<ASSETS-OTHER> 28,896
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,335,116
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,438
<TOTAL-LIABILITIES> 3,438
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,253,231
<SHARES-COMMON-STOCK> 402,686
<SHARES-COMMON-PRIOR> 281,541
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 25,500
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (52,681)
<NET-ASSETS> 4,331,678
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 116,425
<OTHER-INCOME> 0
<EXPENSES-NET> 10,960
<NET-INVESTMENT-INCOME> 105,465
<REALIZED-GAINS-CURRENT> 23,117
<APPREC-INCREASE-CURRENT> (189,216)
<NET-CHANGE-FROM-OPS> (60,634)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 146,977
<NUMBER-OF-SHARES-REDEEMED> 25,832
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,241,765
<ACCUMULATED-NII-PRIOR> 131,801
<ACCUMULATED-GAINS-PRIOR> 10,898
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,931
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43,598
<AVERAGE-NET-ASSETS> 3,663,554
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> (0.49)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.76
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Norwest
Select Funds Semi-Annual Report dated June 30, 1996 and is qualified in its
entirety by reference to such report
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 03
<NAME> VALUGROWTH STOCK FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 6,535,621
<INVESTMENTS-AT-VALUE> 7,623,559
<RECEIVABLES> 40,973
<ASSETS-OTHER> 28,896
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,693,428
<PAYABLE-FOR-SECURITIES> 144,274
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,552
<TOTAL-LIABILITIES> 155,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,521,186
<SHARES-COMMON-STOCK> 576,434
<SHARES-COMMON-PRIOR> 398,232
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (108,024)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,087,938
<NET-ASSETS> 7,537,602
<DIVIDEND-INCOME> 53,384
<INTEREST-INCOME> 8,086
<OTHER-INCOME> 0
<EXPENSES-NET> 24,968
<NET-INVESTMENT-INCOME> 36,502
<REALIZED-GAINS-CURRENT> (11,264)
<APPREC-INCREASE-CURRENT> 471,584
<NET-CHANGE-FROM-OPS> 496,822
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 194,585
<NUMBER-OF-SHARES-REDEEMED> 16,383
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,744,590
<ACCUMULATED-NII-PRIOR> 37,370
<ACCUMULATED-GAINS-PRIOR> (77,676)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24,914
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 63,225
<AVERAGE-NET-ASSETS> 6,262,732
<PER-SHARE-NAV-BEGIN> 12.04
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.98
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.08
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Norwest
Select Funds Semi-Annual Report dated June 30, 1996 and is qualified in its
entirety by reference to such report.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 04
<NAME> SMALL COMPANY STOCK FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 4,065,671
<INVESTMENTS-AT-VALUE> 4,317,141
<RECEIVABLES> 11,484
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,328,625
<PAYABLE-FOR-SECURITIES> 352,129
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,003
<TOTAL-LIABILITIES> 359,132
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,490,745
<SHARES-COMMON-STOCK> 306,332
<SHARES-COMMON-PRIOR> 180,858
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 224,202
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 251,470
<NET-ASSETS> 3,969,493
<DIVIDEND-INCOME> 7,194
<INTEREST-INCOME> 7,428
<OTHER-INCOME> 0
<EXPENSES-NET> 11,546
<NET-INVESTMENT-INCOME> 3,076
<REALIZED-GAINS-CURRENT> 226,595
<APPREC-INCREASE-CURRENT> 139,588
<NET-CHANGE-FROM-OPS> 369,259
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 127,462
<NUMBER-OF-SHARES-REDEEMED> 1,988
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,941,995
<ACCUMULATED-NII-PRIOR> 9,729
<ACCUMULATED-GAINS-PRIOR> 54,909
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,528
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 42,388
<AVERAGE-NET-ASSETS> 2,897,838
<PER-SHARE-NAV-BEGIN> 11.21
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.96
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Norwest
Select Funds Semi-Annual Report dated June 30, 1996 and is qualified in its
entirety by reference to such report.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 05
<NAME> INCOME EQUITY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 2,166,463
<INVESTMENTS-AT-VALUE> 2,176,518
<RECEIVABLES> 3,860
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,180,378
<PAYABLE-FOR-SECURITIES> 116,207
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,334
<TOTAL-LIABILITIES> 117,541
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,049,360
<SHARES-COMMON-STOCK> 204,002
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,055
<NET-ASSETS> 2,062,837
<DIVIDEND-INCOME> 3,191
<INTEREST-INCOME> 1,562
<OTHER-INCOME> 0
<EXPENSES-NET> 1,331
<NET-INVESTMENT-INCOME> 3,422
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 10,055
<NET-CHANGE-FROM-OPS> 13,477
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 204,002
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,062,837
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,253
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,521
<AVERAGE-NET-ASSETS> 1,023,904
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.11
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
