Pricing Supplement Dated  November 20, 1997        Rule 424 (b)(2)
                                                   File No. 33-52157
(To Prospectus dated March 1, 1994 and             CUSIP 66938H AE 0
Prospectus Supplement dated November 8, 1994)

NORWEST FINANCIAL, INC.
Senior
Medium Term Notes, Series B
(U.S. $ Fixed Rate)



Trade Date: November 20, 1997     Original Issue Date: November 25, 1997
Principal Amount: $25,000,000.00  Net Proceeds to  Issuer:$24,982,750.00
Issue Price:  100%*
Selling Agent's Commission: $17,250.00
Interest Rate:  6.20%
Maturity Date:  February 15, 2001



Form:
 X    Book Entry              Certificated


Redemption:
 X    The Notes cannot be redeemed prior to maturity
      The Notes may be redeemed prior to maturity

Initial Redemption Date:
Initial Redemption Price:                 %
Annual Redemption Price Reduction:        %

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:


Selling Agent or Dealer:  BancAmerica ROBERTSON STEPHENS
   * BancAmerica  ROBERTSON STEPHENS has purchased the  Notes  as
     principal  in  this transaction for resale to  one  or  more
     investors  at  varying prices related to  prevailing  market
     conditions  at the time or times of resale as determined  by
     BancAmerica ROBERTSON STEPHENS.