Wells Fargo & Company (f.k.a. Norwest Corporation) and Subsidiaries - Page 32





                                                - 32 -                                                  

                                                            1991     1992     1993     1994             

            A. Investment return                          6.6%   6.0%   5.7%   4.9%                     
            B. Present value accrued benefits                                                           
            a. Active                                      $11.2    $30.5 $38.4 $61.0                   
            b. Retired                                      23.8     33.0    38.4    42.6               
            c. Total                                       35.0     63.5  76.8 103.6                    
            C. Accrued liability                                                                        
            a. Active                                      9.4       22.7     27.3    43.4              
            b. Retired                                      23.8     33.0     38.4    42.6              
            c. Total                                       33.1      55.2     64.1    84.7              
            D. Normal cost                                 0.2      1.0   1.5   2.4                     
            E. Average present value of future service     4.62      6.26     6.46    6.68              
            F. Amortized accrued liability from prior                                                   
            years1                                         ---       7.9      13.7    20.1              
            G. Remaining unamortized accrued liability2    33.1      47.3     50.4    64.6              
            H. Amortization of accrued liability3          7.2       7.6      7.8     9.7               
            I. Account limit (beginning of year)4          7.4       16.4     23.0    32.2              
            J. Interest to yearend                         0.5       1.0      1.3     1.6               
            K. Account limit (yearend)5                    7.9       17.4     24.3    33.8              
            L. Benefits paid less employee                                                              
            contributions                                  ---       3.6      4.1      ---              
            M. Interest for one-half year                  ---       0.1      0.1      ---              
            N. Amortized accrued liability (yearend)6      7.9       13.7     20.1     ---              
            O. Nondeductible contribution from prior                                                    
            years7                                         ---      22.8  17.2  21.8                    
            P. Actuarial value of assets                                                                
            a. VEBA                                        ---      30.7  30.2  39.9                    
            b. 401(h)                                      ---       1.1      1.2     7.6               
            c. Total (beginning of year)                   ---      31.9  31.3  47.5                    
            d. Net after nondeductible                                                                  
            contributions8                                 ---       9.1      14.2    25.8              
            e. Interest to yearend                         ---       0.5      0.8     1.3               
            f. Total (yearend)9                            ---       9.6      15.0    27.0              
            Q. Actual contribution                         30.7     2.2  14.0  12.2                     
            R. Deductible contribution10                   7.9      7.8   9.4   6.7                     
            S. Nondeductible contribution                                                               
            carryforward11                                 22.8     17.2  21.8  27.3                    

            1    N of prior year                                                                        
            2    C.c - F                                                                                
            3    G/E                                                                                    
            4    D + F + H                                                                              
            5    I + J                                                                                  
            6    K - L - M                                                                              
            7    S of prior year                                                                        
            8    P.c - O                                                                                
            9    P.d + P.e                                                                              






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