SECURITIES AND EXCHANGE COMMISSION
                WASHINGTON, D.C.  20549

                       Form 8-K

          Pursuant to Section 13 or 15(d) of
          the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): March 20, 2000


              HIGH COUNTRY BANCORP, INC.
- ----------------------------------------------------------------
(Exact Name of Small business Issuer as Specified in its Charter)


      Colorado                 0-23409           84-1438612
- ------------------         --------------    ------------------
(State or Other            (Commission       (I.R.S. Employer
Jurisdicction of            File Number)     Identification No.)
Incorporation or
Organization)


130 West 2nd Street, Salida, Colorado          81201
- ----------------------------------------    ----------
(Address of Principal Executive Offices)    (Zip Code)


Registrant's telephone number, including area code:(719) 539-2516
                                                   --------------

                    Not Applicable
- -------------------------------------------------------------
(Former name or former address, if changed since last report)


ITEM 5. OTHER EVENTS.

On March 20, 2000 the registrant announced that it is commencing
a stock repurchase program to acquire up to 10% of the Company's
outstanding common stock, or approximately 119,025 shares, over
a twelve month period.  For more information, see the Company's
press release, which is attached hereto as Exhibit 99.1 and
is incorporated by reference herein.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
        AND EXHIBITS.

        Exhibit 99.1 Press Release dated March 20, 2000


                       SIGNATURE



     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 author-
ized.

                                High Country Bancorp, Inc.



                                By: /s/ Larry D. Smith
                                    ---------------------------
                                    Larry D. Smith
                                    President


Date:  March 20, 2000