Registration Statement No. 333-67120


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM T-1

                            STATEMENT OF ELIGIBILITY
                      UNDER THE TRUST INDENTURE ACT OF 1939
                  OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

                CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
                 OF A TRUSTEE PURSUANT TO SECTION 305(B)(2) [X]



                  BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION
               (EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)

    A NATIONAL BANKING ASSOCIATION                    31-0838515
                                                   (I.R.S. EMPLOYER
                                                IDENTIFICATION NUMBER)

 100 EAST BROAD STREET, COLUMBUS, OHIO                43271-0181
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)              (ZIP CODE)

                  BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION
                              100 EAST BROAD STREET
                            COLUMBUS, OHIO 43271-0181
                ATTN: STEVEN M. WAGNER, DIRECTOR, (312) 407-1819
            (NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)

                          ----------------------------

                             WELLS FARGO CAPITAL IV
               (Exact name of obligor as specified in its charter)

             DELAWARE                                       41-6492582
    (State or other jurisdiction                          (IRS Employer
  of incorporation or organization)                    Identification No.)


                               WELLS FARGO CENTER
                                 MAC # N9305-173
                                SIXTH & MARQUETTE
                          MINNEAPOLIS, MINNESOTA 55479
          (Address, including zip code of principal executive offices)

                          ----------------------------

                 7.0% Capital Securities in connection with the
                       Junior Subordinated Debt Securities
                         (Title of Indenture Securities)


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ITEM 1.   GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE
          TRUSTEE:

          (A)     NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING
                  AUTHORITY TO WHICH IT IS SUBJECT.

                  Comptroller of Currency, Washington, D.C.;
                  Federal Deposit Insurance Corporation,
                  Washington, D.C.; The Board of Governors of
                  the Federal Reserve System, Washington D.C.

          (B)     WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.

                  The trustee is authorized to exercise corporate trust powers.

ITEM 2.   AFFILIATIONS WITH THE OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE
          OF THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.

                  No such affiliation exists with the trustee.


ITEM 16.  LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART
          OF THIS STATEMENT OF ELIGIBILITY.

                  1.  A copy of the articles of association of the
                      trustee now in effect.

                  2.  A copy of the certificates of authority of the
                      trustee to commence business.

                  3.  A copy of the authorization of the trustee to
                      exercise corporate trust powers.

                  4.  A copy of the existing by-laws of the trustee.

                  5.  Not Applicable.

                  6.  The consent of the trustee required by
                      Section 321(b) of the Act.
                  7.  A copy of the latest report of condition of the
                      trustee published pursuant to law or the
                      requirements of its supervising or examining
                      authority.

                  8.  Not Applicable.

                  9.  Not Applicable.

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          Pursuant to the requirements of the Trust Indenture Act of 1939, as
          amended, the trustee, Bank One Trust Company, NA, a national banking
          association organized and existing under the laws of the United States
          of America, has duly caused this Statement of Eligibility to be signed
          on its behalf by the undersigned, thereunto duly authorized, all in
          the City of Chicago and State of Illinois, on the 23rd day of August
          2001.


                                             BANK ONE TRUST COMPANY, NA,
                                             TRUSTEE

                                             BY  /s/ CHRISTOPHER HOLLY
                                                 ------------------------------
                                                 ASSISTANT VICE PRESIDENT


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