Pricing Supplement Dated: May 7, 1996                         Rule 424(b)(5)
No.: FX154                                                    File No. 33-60573
(To Prospectus dated August 8, 1995 and                       
Prospectus Supplement dated August 24, 1995)                  

THE NOTE IS NOT A DEPOSIT AND IS NOT INSURED BY THE FDIC OR ANY OTHER
FEDERAL AGENCY.
                           Wells Fargo & Company

Medium-Term Notes and Subordinated Medium-Term Notes,Series B, Due From 9 
Months to 12 Years From Date of Issue
Fixed Rate                                Principal Amount: US$ $100,000,000.00

Trade Date:              05/07/96         Original Issuance Date:  05/10/96
Issue Price:             99.51300         Stated Maturity:         05/10/01
Selling Agent's Discount                  Interest Rate:           6.87500%
or Commission:           %
Net Proceeds to Issuer:  $99,513,000.00

   Form:                                    Ranking:
      _X_  Book-Entry                       _X_    Senior
      ___  Certificated                     ___    Subordinated

   Redemption:
      _X_  The Note cannot be redeemed prior to maturity
      ___  The Note may be redeemed prior to maturity

           Earliest Redemption Date: 
           Redemption Price: 
           Annual Redemption Price Reduction: 

           Sinking Fund Redemption Dates:  
           Sinking Fund Amount:                $0.00

   Repayment:
      _X_  The Notes cannot be repaid prior to maturity
      ___  The Notes can be repaid prior to maturity at the
           option of the holder of the Note
           Repayment Date :  
           Repayment Price:


   Discount Note:        ___  Yes     _X_  No
           Total Amount of OID:    
           Yield to Maturity:      
           Initial Accrual Period: 

   Agent: UBS SECURITIES







   Other Provisions:

       Terms are not completed for certain items above either because such
       items are not applicable or because the terms are as specified in the
       Prospectus Supplement.