FORM 5                                        U.S. SECURITIES AND EXCHANGE COMMISSION
                                            STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b).

1. Name and Address of Reporting      2. Issuer Name and                       3. IRS or Social    4. Statement    5. If Amendment,
   Person                                Ticker or Trading                        Security            for             Date of
                                         Symbol                                   Number of           Month/Year      Original
                                                                                  Reporting Person                    (Month/Year)
                                                                                  (Voluntary)

                                                                                                          
Bellon, Nolan X.                         Zions Bancorporation                                         12-2002
One South Main Street, Suite 1134        (ZION)

Salt Lake City, UT 84111


6. Relationship of Reporting Person to Issuer (Check all applicable)

[ ]Director [ ]10% Owner  [ ]Officer (give title below) [ ]Other (specify below)
                                               
                          Sr. Vice President
                          & Controller

7. Individual or Joint/Group Reporting
   [X] Form Filed by One Reporting Person
   [ ] Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially owned

1. Title of       2. Trans-   3. Trans-   4. Securities aquired (A)    5. Amount of    6. Owner-  7. Nature of Indirect
   Security          action      action      or Disposed of (D)           Securities      Ship       Beneficial Ownership
   (Instr. 3)        Date        Code        (Instr. 3, 4 and 5)          Beneficially    Form:      (Instr. 4)
                                 (Instr.                                  Owned at        Direct
                     (Month/     8)                       (A)             End of Month    (D) or
                      Day/                                or              (Instr. 3       Indirect
                      Year)      Code  V  Amount          (D) Price       and 4)          (I)
                                                                           
Common Stock                                                              10,548           D

Common Stock                              3,051.0391(a)   A                                I          By 401(k) Plan

Common Stock                                274.3757(b)   A                                I          By 401(k) Plan

Common Stock         05-22-2002   S5      1,742.9385      D   $56.50       3,318.8552      I          By 401(k) Plan

Common Stock                              3,051.0391(a)   D                None            I          By Employee Stock Savings Plan
                                          (a)


Table II - Derivative Securities Acquired, Disposed of, or Beneficially owned
              (e.g., puts, calls, warrants, options, convertable securities)

1.                   2.       3.     4.      5.              6.          7.                    8.      9.      10.    11.
Title of             Con-     Trans- Trans-  Number of       Date exer-  Title and Amount      Price   Number  Owner- Nature
Derivative           version  action action  Derivative      cisable and of Underlying         of      of      Ship   of
Security             or       Date   Code    Securities      Expiration  Securities            Deriv-  Deriv-  Form   Indirect
(Instr. 3)           Exercise        (Instr. Acquired (A)    Date        (Instr. 3 and 4)      ative   ative   of     Bene-
                     Price of        8)      or Disposed     (Month/                           Secu-   Secu-   Deriv- ficial
                     Deriv-                  of (D)          Day/Year)                         rity    rities  ative  Owner-
                     ative                   (Instr. 3,                                        (Instr. Bene-   Secu-  ship
                     Security                4 and 5)                                          5)      fically rity:  (Instr.
                                                                                                       Owned   Direct 4)
                                                                                                       at end  (D) or
                              (                                                        Amount          of      Indi-
                              Month/  C                      Date  Expi-               or              Month   rect
                              Day/    O                      Exer- ra-                 Number          (Instr. (I)
                              Year    D                      cis-  tion                of              4)      (Instr.
                              )       E   V  (A)    (D)      able  Date  Title         Shares                  4)
                                                                            
Stock Option (right                                                      Common Stock                  41,100  D
to buy)

Broad Based Stock Op                                                     Common Stock                     675  D
tion (right to buy)


Explanation of responses:

          a. Shares transferred from terminated stock savings plan to
             401(k) plan.  No new acquisition of shares.

          b. During the calendar year ended December 31, 2002, the
             reporting person acquired the shares indicated under the
             Company's 401(k) Plan at prices ranging from $34.45 to
             $59.40 per share.


Signature of Reporting Person:

         /s/Clark B. Hinckley
         --------------------------------------------------
         as Attorney In Fact for Nolan X. Bellon