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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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072 E000400 0
072 F000400 31
072 G000400 8
072 H000400 0
072 I000400 3
072 J000400 1
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 46
072 R000400 13
072 S000400 2
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 6
072 X000400 110
072 Y000400 79
072 Z000400 6
072AA000400 508
072BB000400 0
072CC010400 593
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
<PAGE> PAGE 22
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 5710
074 G000400 0
074 H000400 0
074 I000400 625
074 J000400 0
074 K000400 0
074 L000400 15
074 M000400 0
074 N000400 6350
074 O000400 242
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 17
074 S000400 0
074 T000400 6091
074 U010400 451
074 U020400 0
074 V010400 13.50
074 V020400 0.00
074 W000400 0.0000
074 X000400 1
074 Y000400 0
075 A000400 0
075 B000400 3906
076 000400 0.00
SIGNATURE RICHARD BUTT
TITLE DIRECTOR
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE NORWEST
SELECT ANNUAL REPORT DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 003
<NAME> SELECT VALUGROWTH STOCK FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 8,706,552
<INVESTMENTS-AT-VALUE> 10,640,742
<RECEIVABLES> 62,158
<ASSETS-OTHER> 23,943
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,726,843
<PAYABLE-FOR-SECURITIES> 117,853
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,605
<TOTAL-LIABILITIES> 143,458
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,698,759
<SHARES-COMMON-STOCK> 737,045
<SHARES-COMMON-PRIOR> 398,232
<ACCUMULATED-NII-CURRENT> 156
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (49,720)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,934,190
<NET-ASSETS> 10,583,385
<DIVIDEND-INCOME> 124,369
<INTEREST-INCOME> 19,510
<OTHER-INCOME> 0
<EXPENSES-NET> 61,126
<NET-INVESTMENT-INCOME> 82,753
<REALIZED-GAINS-CURRENT> 47,040
<APPREC-INCREASE-CURRENT> 1,317,836
<NET-CHANGE-FROM-OPS> 1,447,629
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 82,597
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,742,341
<NUMBER-OF-SHARES-REDEEMED> 399,886
<SHARES-REINVESTED> 82,886
<NET-CHANGE-IN-ASSETS> 5,790,373
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (96,760)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,011
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 154,084
<AVERAGE-NET-ASSETS> 7,626,415
<PER-SHARE-NAV-BEGIN> 12.04
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 2.32
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.36
<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 THE NORWEST
SELECT ANNUAL REPORT DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 002
<NAME> SELECT INTERMEDIATE BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 5,810,021
<INVESTMENTS-AT-VALUE> 5,828,507
<RECEIVABLES> 112,484
<ASSETS-OTHER> 23,943
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,964,934
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,146
<TOTAL-LIABILITIES> 6,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,940,886
<SHARES-COMMON-STOCK> 555,820
<SHARES-COMMON-PRIOR> 281,541
<ACCUMULATED-NII-CURRENT> (422)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (162)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,486
<NET-ASSETS> 5,958,788
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 287,955
<OTHER-INCOME> 0
<EXPENSES-NET> 25,987
<NET-INVESTMENT-INCOME> 261,968
<REALIZED-GAINS-CURRENT> 9,221
<APPREC-INCREASE-CURRENT> (118,049)
<NET-CHANGE-FROM-OPS> 153,140
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 262,553
<DISTRIBUTIONS-OF-GAINS> 11,766
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,418,591
<NUMBER-OF-SHARES-REDEEMED> 703,845
<SHARES-REINVESTED> 275,308
<NET-CHANGE-IN-ASSETS> 2,868,875
<ACCUMULATED-NII-PRIOR> 163
<ACCUMULATED-GAINS-PRIOR> 2,383
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 25,920
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 108,662
<AVERAGE-NET-ASSETS> 4,319,947
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> .50
<PER-SHARE-GAIN-APPREC> (.24)
<PER-SHARE-DIVIDEND> (.50)
<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.72
<EXPENSE-RATIO> .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 THE NORWEST
SELECT ANNUAL REPORT DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 004
<NAME> SELECT SMALL COMPANY STOCK FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 5,629,777
<INVESTMENTS-AT-VALUE> 6,334,658
<RECEIVABLES> 15,410
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,350,068
<PAYABLE-FOR-SECURITIES> 242,577
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,824
<TOTAL-LIABILITIES> 259,401
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,385,754
<SHARES-COMMON-STOCK> 451,235
<SHARES-COMMON-PRIOR> 180,858
<ACCUMULATED-NII-CURRENT> 32
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 704,881
<NET-ASSETS> 6,090,667
<DIVIDEND-INCOME> 21,223
<INTEREST-INCOME> 16,533
<OTHER-INCOME> 0
<EXPENSES-NET> 31,309
<NET-INVESTMENT-INCOME> 6,447
<REALIZED-GAINS-CURRENT> 507,685
<APPREC-INCREASE-CURRENT> 592,999
<NET-CHANGE-FROM-OPS> 1,107,131
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,415
<DISTRIBUTIONS-OF-GAINS> 505,292
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,076,390
<NUMBER-OF-SHARES-REDEEMED> 120,128
<SHARES-REINVESTED> 511,483
<NET-CHANGE-IN-ASSETS> 4,063,169
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,393)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 31,252
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 110,121
<AVERAGE-NET-ASSETS> 3,906,485
<PER-SHARE-NAV-BEGIN> 11.21
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 3.51
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> (1.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.50
<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 THE NORWEST
SELECT ANNUAL REPORT DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000915985
<NAME> NORWEST SELECT FUNDS
<SERIES>
<NUMBER> 005
<NAME> SELECT INCOME EQUTIY FUND
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> MAY-06-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 8,823,894
<INVESTMENTS-AT-VALUE> 9,323,502
<RECEIVABLES> 108,578
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,432,080
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,844
<TOTAL-LIABILITIES> 16,844
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,915,597
<SHARES-COMMON-STOCK> 862,697
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 90
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (59)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 499,608
<NET-ASSETS> 9,415,236
<DIVIDEND-INCOME> 74,249
<INTEREST-INCOME> 16,029
<OTHER-INCOME> 0
<EXPENSES-NET> 23,223
<NET-INVESTMENT-INCOME> 67,055
<REALIZED-GAINS-CURRENT> 5,479
<APPREC-INCREASE-CURRENT> 499,608
<NET-CHANGE-FROM-OPS> 572,142
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 66,965
<DISTRIBUTIONS-OF-GAINS> 5,538
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,938,723
<NUMBER-OF-SHARES-REDEEMED> 96,185
<SHARES-REINVESTED> 73,059
<NET-CHANGE-IN-ASSETS> 9,415,236
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23,198
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 72,643
<AVERAGE-NET-ASSETS> 4,422,112
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> .92
<PER-SHARE-DIVIDEND> (.08)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.91
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
