EXHIBIT 23.1

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in this Annual Report (Form 10-K)
of Zions Bancorporation of our report dated January 24, 2001, included in the
2000 Annual Report to Shareholders of Zions Bancorporation.

We also consent to the incorporation by reference in Zions Bancorporation's (i)
Registration Statement (Form S-3 No. 033-58801) and related Prospectus
pertaining to the Zions Bancorporation Dividend Reinvestment and Common Stock
Purchase Plan, (ii) Registration Statement (Form S-8 No. 333-36207) and related
Prospectus pertaining to Zions Bancorporation Employee Stock Savings Plan, (iii)
Registration Statement (Form S-8 No. 333-36205) and related Prospectus
pertaining to Zions Bancorporation Employee Investment Savings Plan, (iv)
Registration Statement (Form S-8 No. 033-57963) and related Prospectus
pertaining to Zions Bancorporation 1994 Nonqualified Stock Options, (v)
Registration Statement (Form S-8 No. 333-68461) and related Prospectus
pertaining to Aspen Bancshares, Inc. 1993 Non-Qualified Stock Option Plan for
Directors, Aspen Bancshares, Inc. 1990 Incentive Stock Option Plan, Vectra
Banking Corporation Employees' Equity Incentive Stock Option Plan, Vectra
Banking Corporation Non-Employee Directors' Stock Option Plan, Vectra Banking
Corporation 1989 Non-Statutory Stock Option Plan, Second Amended and Restated
1988 Stock Option Plan of FP Bancorp, Inc., SBT Bankshares, Inc. 1995
Non-Qualified Stock Option Agreement, The Commerce Bancorporation 1995 Restated
Incentive Compensation Plan, and The Commerce Bancorporation 1987 Stock Option
Plan, (vi) Registration Statement (Form S-8 No. 333-74179) and related
Prospectus pertaining to Zions Bancorporation 1996 Non-Employee Directors Stock
Option Plan, and Hemingway Stock Option Agreement, (vii) Registration Statement
(Form S-8 No. 333-79699) and related prospectus pertaining to Zions Key Employee
Incentive Stock Option Plan, (viii) Registration Statement (Form S-8 No.
333-88477) and related Prospectus pertaining to Zions 1998 Non-Qualified Stock
Option and Incentive Plan, (ix) Registration Statement (Form S-8 No. 333-89611)
and related Prospectus pertaining to Pioneer Bancorporation Non-Qualified Stock
Option Plan, (x) Registration Statement (Form S-8 No. 333-49700) and related
Prospectus pertaining to County Bank Incentive Stock Option Plan and County Bank
Nonqualified Stock Option Plan, (xi) Registration Statement (Form S-8 POS No.
333-50592) and related Prospectus pertaining to Draper BanCorp 1998 Incentive
Plan and Draper BanCorp 1999 Incentive Plan, and (xii) Registration Statement
(Form S-8 POS No. 333-54986) and related Prospectus pertaining to Eldorado
Bancshares, Inc. 1997 Stock Option Plan, of our report dated January 24, 2001,
with respect to the consolidated financial statements incorporated herein by
reference.



                                         /s/ ERNST & YOUNG LLP



Salt Lake City, Utah
April 2, 2001