Neal, Gerber & Eisenberg
                        Two N. LaSalle Street, Suite 2200
                             Chicago, Illinois 60602
                                 (312) 269-8000






                                October 10, 1996


Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549

     Re:  TELETECH HOLDINGS, INC.
          REGISTRATION STATEMENT ON FORM S-1

Ladies and Gentlemen:

     We are counsel to TeleTech Holdings, Inc., a Delaware corporation (the
"Company"), and, in such capacity, we have assisted in the preparation and
filing with the Securities and Exchange Commission under the Securities Act of
1933, as amended, of the Company's Registration Statement on Form S-1, and any
amendments thereto that may be filed (the "Registration Statement"), relating to
the proposed offering by certain stockholders of the Company (the "Selling
Stockholders") of 3,600,000 shares of the common stock, $.01 par value per share
(the "Common Stock"), of the Company (and, if the underwriters' over-allotment
option is exercised, by the Company of up to 540,000 shares of Common Stock).

     As such counsel, we have examined the Registration Statement, and such
other papers, documents and certificates of public officials and certificates of
officers of the Company as we have deemed necessary and appropriate as the basis
for the opinions hereinafter expressed.  In such examinations, we have assumed
the genuineness of all signatures, the legal capacity of natural persons, the
authenticity of all documents submitted to us as originals and the conformity to
original documents of all documents submitted to us as conformed or photostatic
copies.  As to any facts material to this opinion, we have relied upon
statements and representations of (a) the Company, its officers and its other
representatives, (b) the Selling Stockholders and, if applicable, their officers
and other representatives, and (c) public officials.

     Based upon the foregoing, and subject to the limitations, qualifications,
exceptions, and assumptions set forth herein, we are of the opinion that the
shares of Common Stock covered by the Registration Statement to be sold by the
Selling Stockholders (and,



Securities and Exchange Commission
October 10, 1996
Page 2


if the underwriters' over-allotment option is exercised, to be issued and sold
by the Company), when issued and delivered in accordance with the terms
described in the Registration Statement, will be duly and validly issued, fully
paid and nonassessable.

     We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to our firm under the caption "Legal
Matters" in the prospectus contained therein.


                                        Very truly yours,

                                        /s/ Neal, Gerber & Eisenberg


                                        Neal, Gerber & Eisenberg