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Table: On Paper, No Contest


News: Analysis & Commentary: BANKING

TABLE: ON PAPER, NO CONTEST

Current offers for First Interstate Bank, and estimated 1997 returns to

shareholders

WELLS FARGO FIRST BANK

SYSTEM

PER-SHARE VALUE* $137.50 $135.85

TOTAL VALUE* $10.4 $10.3

billion billion

COST SAVINGS $800 $500

million million

SHAREHOLDER RETURN 26% 18%

*Based on acquirers' stock prices Nov. 14

DATA: COMPANY REPORTS


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