SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 APPLIED POWER, INC (NAME OF ISSUER) COMMON SHARES WITHOUT PAR VALUE (Title of Class of Securities) 038225108 (CUSIP Number) DECEMBER 31, 1993 (Date) Check the following box if fee is being paid with this statement _____________________________________________________ CUSIP NO. 038225108 ______________________________________________________________________________ 1) Names of Reporting Persons I.R.S. No. 31-0738296 S.S. or I.R.S. Identification Nos. of BANC ONE CORPORATION Above Persons ___________________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (a) ____________________ (See Instructions) (b) ____________________ _____________________________________________________________________________ 3) SEC Use only ______________________________________________________________________________ 4) Citizenship or Place of Organization OHIO CORPORATION ______________________________________________________________________________ Number of Shares (5) Sole Voting Power 241,000 Beneficially (6) Shared Voting Power 0 Owned by (7) Sole Dispositive Power 307,425 Each Reporting (8) Shared Dispositive Power 406,596 Person with ______________________________________________________________________________ 9) Aggregate Amount Beneficially 714,021 Owned by Each Reporting Person ______________________________________________________________________________ 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ______________________________________________________________________________ 11) Percent of Class Represented by Amount in Row 9 5.50% ______________________________________________________________________________ 12) Type of Reporting Person (See Instructions) HC ____________________________________________________________________________ Item 1(a) Name of Issuer: APPLIED POWER, INC. Item 1(b) Address of Issuer's principal executive offices: 13000 W. SILVER SPRING DR. BUTLER, WI 53007 Item 2(a) Name of person filing: BANC ONE CORPORATION Item 2(b) Address of principal business office or, 100 East Broad Street if none residence: Columbus, Ohio 43271-0251 Item 2(c) Citizenship: Not Applicable Item 2(d) Title of class of securities: COMMON SHARES WITHOUR PAR VALUE Item 2(e) CUSIP No.: 038225108 Item 3. This statement is filed pursuant to Rule 13d-1(c). Item 4. Ownership This beneficial ownership by BANC ONE CORPORATION with respect to common shares of APPLIED POWER, INC. as of December 31, 1993 is as follows : (a) Amount beneficially owned: 714,021 (b) Percent of class 5.50% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 241,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 307,425 (iv) Shared power to dispose or to direct the disposition of: 406,596 Item 5. Ownership of 5 percent or less of a Class. N/A Item 6. Ownership of More than 5 percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. BANK ONE WISCONSIN TRUST CO., NA Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of group. N/A Item 10. Certification. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: FEBRUARY 15, 1994 BANC ONE CORPORATION By: WILLIAM C. LEITER William C. Leiter, Controller