Pricing Supplement No. 12 Dated March 10, 1997 Filed Pursuant to: Rule 
424(b)(3)
(To Prospectus dated February 1, 1996 and                   File No.: 33-65431 
Prospectus Supplement dated March 28, 1996)

                         FIRST CHICAGO NBD CORPORATION
                          MEDIUM-TERM NOTES, SERIES G


 
 

                                                                            
Date of Issue: 3/12/97              [_]Fixed Rate    [_]Commercial Paper Rate Note  [_]LIBOR Reuters
                                    [X]Senior        [_]Federal Funds Rate Note     [X]LIBOR Telerate
Maturity Date: 3/12/01              [_]Subordinated  [_]CD Rate Note                [_]Prime Rate Note
                                                     [_]CMT Rate Note               [_]Treasury Rate Note
                                                     [_]LIBOR Note        
 

Principal Amount: $50,000,000.00

Issue Price (As a Percentage of Principal Amount): 100%

Interest Rate/Initial Interest Rate: Not available

Interest Payment Dates: Third Wednesday of March, June, September and December 
of each year

Interest Reset Dates:  Third Wednesday of March, June, September and December 
of each year

Index Maturity:  90 days

Designated CMT Maturity Index:  None

Spread: +7 basis points

Spread Multiplier: None

Minimum Interest Rate: None

Maximum Interest Rate: None

Interest Payment Period: March 12, 1997 to June 18, 1997 and quarterly 
thereafter, up to but excluding the interest payment date

Interest Rate Reset Period: March 12, 1997 to June 18, 1997 and quarterly 
thereafter, up to but excluding the interest payment date

Redemption Date(s) or Period: None

Optional Repayment Date(s): None

Calculation Agent (If Applicable): The First National Bank of Chicago


Additional Terms:


This Pricing Supplement may be used by First Chicago Capital Markets, Inc. 
("FCCM"), a wholly owned subsidiary of the issuer, in connection with offer and 
sales related to secondary market transactions in the Notes. FCCM may act as 
principal or agent in such transactions. Such sales will be made at prices 
related to the prevailing market prices at the time of sale.