SECURITIES AND EXCHANGE COMMISSION
                                    
                                    
                        WASHINGTON,  D. C.  20549
                                    
                                    
                              SCHEDULE 13G/A
                                    
                                    
                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, 1994
                                 (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                   239,596     
Beneficially             (6)  Shared Voting Power                  -0-          
Owned by            (7)  Sole Dispositive Power                    36,000      
Each Reporting      (8)  Shared Dispositive Power                 203,596      
Person with



9)   Aggregate Amount Beneficially                           552,121     
     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                                        4.17%    



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 WITHOUT 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, 1994 is as follows:                               

          (a)  Amount beneficially owned:               552,121               
          (b)  Percent of class                           4.17%                

          (c)  Number of shares as to which such person has:
          
              (i) Sole power to vote or to direct the vote:       239,596      
              (ii) Shared power to vote or to direct the vote:    -0-           
              (iii)     Sole power to dispose or to direct the
                  disposition of:                        36,000         
              (iv)      Shared power to dispose or to direct the
                  disposition of:                       203,596        

Item 5.   Ownership of 5 percent or less of a Class.               4.17%      

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
          LIBERTY NATIONAL BANK & TRUST

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 14, 1995


                                   BANC ONE CORPORATION

                              By:  __/s/ William C. Leiter_________
                                     William C. Leiter, Controller