UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

FIRST INTERSTATE BANCSYSTEM, INC.

(Name of Issuer)

(Title of Class of Securities)

(Cusip Number)

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule if filed:

þ Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing of this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall be deemed to be “filed: for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provision of the Act (however, see the Notes).

 

 

CUSIP No.		Not Applicable.

CUSIP No.				Not Applicable.
Item 1.
		(a)		Name of Issuer:
				First Interstate BancSystem, Inc.
		(b)		Address of Issuer’s Principal Executive Offices:
				401 North 31st Street Billings, Montana 59116
Item 2.
		(a)		Name of Person Filing:
						First Interstate Bank
		(b)		Address of Principal Business Office or, if none, Residence:
						P.O. Box 30918 Billings, Montana 59101
		(c)		Citizenship:
						Montana, USA
		(d)		Title of Class of Securities:
						Common Stock
		(e)		CUSIP Number:
						Not Applicable
Item 3.		If this statement if filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
		(a)		o		Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
		(b)		þ		Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
		(c)		o		Insurance company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
		(d)		o		Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80-a-8);
		(e)		o		An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

		(f)		þ		An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
		(g)		o		A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
		(h)		o		A savings associations as defined in Section 3(b) for the Federal Deposit Insurance Act (12 U.S.C. 1813);
		(i)		o		A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
		(j)		o		Group, in accordance with §240.13d(b)(1)(ii)(J).
Item 4.		Ownership.
		First Interstate Bank beneficially owns 1,293,008 shares, or 16.2%, of issuer’s common stock.
		First Interstate Bank has sole voting power for 273,371 shares, including 273,250 shares held as trustee for various Scott family members and 121 shares held in trust for others.
		First Interstate Bank has sole dispositive power for 403,809 shares, including 401,163 shares held as trustee for various Scott family members and 2,646 shares held in trust for others.
		First Interstate Bank has shared voting power for 713,363 shares, including 604,202 shares held as trustee for the Savings and Profit Sharing Plan of First Interstate BancSystem, Inc., 92,021 shares held as trustee for various Scott family members and 17,140 shares held in trust for others.
		First Interstate Bank has shared dispositive power for 889,199 shares, including 604,202 shares held as trustee for the Savings and Profit Sharing Plan of First Interstate BancSystem, Inc., 265,264 shares held as trustee for various Scott family members and 19,733 shares held in trust for others.
		First Interstate Bank has no voting power for 306,274 shares, including 301,156 shares held as trustee for various Scott family members and 5,118 shares held in trust for others.
Item 5.		Ownership of Five Percent or Less of a Class
						Not Applicable.
Item 6.		Ownership of More than Five Percent of Behalf of Another Person.
						Not Applicable.

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
				Not Applicable.
Item 8.		Identification and Classification of Members of the Group.
				Not Applicable.
Item 9.		Notice of Dissolution of Group.
				Not Applicable.

Item 10. Certification.

(a)

The following certification shall be included if the statement if filed pursuant to §240.13d-1(b):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

(b)

Not Applicable.

SIGNATURE

     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.

		February 8, 2008
		Date
		/s/ LYLE R. KNIGHT
		Signature
		Lyle R. Knight, Chief Executive Officer
		Name/Title

     The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).