1
                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549



                                   FORM 8-K


                            CURRENT REPORT PURSUANT
                        TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934



      Date of report (Date of earliest event reported)   October 4, 1996
                                                        ------------------------
 

                        Midwest Federal Financial Corp.
       -----------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


                                   Wisconsin
                 ---------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

          0-20331                                       39-1725856
- ----------------------------          ------------------------------------------
  (Commission File Number)                (I.R.S. Employer Identification No.)


              1159 Eighth Street, Baraboo, Wisconsin        53913
        ---------------------------------------------------------------
             (Address of Principal Executive Offices)   (Zip Code)


                                 (608) 356-7771
        ---------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
        ---------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)
   2


Item 4.         Changes in Registrant's Certifying Accountants


        (a)     (1)     (i)     On October 4, 1996, the Registrant dismissed
                                Wipfli Ullrich Bertelson CPAs ("Wipfli") as the
                                Registrant's certifying accountants.

                        (ii)    In connection with Wipfli's report on the
                                Registrant's consolidated financial statements
                                for the two most recent fiscal years ended
                                December 31, 1994 and 1995, such reports did not
                                contain an adverse opinion or disclaimer
                                opinion, nor were the reports modified as to
                                uncertainty, audit scope, or accounting
                                principles.

                        (iii)   Wipfli's dismissal was approved by the
                                Registrant's Board of Directors.

                        (iv)    There were no disagreements with Wipfli,
                                whether or not resolved, on any matter of 
                                accounting principles or practices, financial
                                statement disclosure, or auditing scope or 
                                procedure which, if not resolved to the 
                                satisfaction of Wipfli, would have caused it to
                                make reference to the subject of such
                                disagreement in connection with its reports.

                (2)     The Registrant formally engaged McGladrey & Pullen on
                        October 4, 1996 as its new certifying accountants.

                (3)     The Registrant has requested that Wipfli furnish the 
                        Registrant with a letter addressed to the Securities
                        and Exchange Commission stating whether it agrees with
                        the statements made by the Registrant in this Form 8-K
                        and, if not, stating the respects in which it does not 
                        agree.  A copy of the Wipfli letter will be filed with 
                        the Commission when it becomes available.

Item 7.         Financial Statements, Pro Forma Financial Information and
                Exhibits

                None.


   3
                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         MIDWEST FEDERAL FINANCIAL CORP.

                                                  
Date:  October 10, 1996                  By: /s/ Gary E. Wegner
                                         ------------------------------ 
                                         Gary E. Wegner
                                         President and Chief Executive Officer