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                                                                   EXHIBIT 99.1


REPORT OF INDEPENDENT ACCOUNTANTS

To the Board of Directors and Shareholders of Firstar Corporation


In our opinion, the consolidated balance sheets of Firstar Corporation and
subsidiaries and the related consolidated statements of income, changes in
shareholders' equity and cash flows, set forth on pages 34 through 57 of
Exhibit 13 to Firstar Corporation's Annual Report on Form 10-K for the year
ended December 31, 1998, present fairly, in all material respects, the financial
position of Firstar Corporation and its subsidiaries at December 31, 1998 and
1997, and the results of their operations and their cash flows for each of the
three years in the period ended December 31, 1998, in conformity with generally
accepted accounting principles. These financial statements are the
responsibility of Firstar Corporation's management; our responsibility is to
express an opinion on these financial statements based on our audits. We
conducted our audits of these statements in accordance with generally accepted
auditing standards, which require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for the opinion expressed above.




PRICEWATERHOUSECOOPERS LLP

Milwaukee, Wisconsin
June 21, 1999