<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-04-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000109380</issuerCik>
        <issuerName>ZIONS BANCORPORATION /UT/</issuerName>
        <issuerTradingSymbol>ZION</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001184833</rptOwnerCik>
            <rptOwnerName>GISI JOHN J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE SOUTH MAIN STREET, SUITE 1134</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SALT LAKE CITY</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle>Exec Vice President</officerTitle>
            <otherText>Pres of Subsidiary</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Deferred Comp</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.00</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-04-28</value>
                <footnoteId id="F2"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>402.2224</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>56.98</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>402.2224</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0.</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>56.59</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-04-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>20000.</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-04-30</value>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2011-04-29</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>20000.</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>115000.</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each unit represents one share of the company's Common
Stock.</footnote>
        <footnote id="F2">The deemed execution date for this transaction is
4/30/2004. This is the date the Company was notified of the
transaction's execution by the Company's third-party
administrator.</footnote>
        <footnote id="F3">Deferred compensation transferred from Zions Bancorporation
common stock to an alternative investment option.</footnote>
        <footnote id="F4">Units are paid out in cash upon the earlier of death,
retirement or termination of employment.</footnote>
        <footnote id="F5">Options granted under the Zions Bancorporation Key
Employeee Incentive Stock Option Plan.  Options vest 33%
per year for 3 years.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Clark Hinckley, Attorney In Fact for John Gisi</signatureName>
        <signatureDate>2004-05-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
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X0202
4
2004-04-28
0
0000109380
ZIONS BANCORPORATION /UT/
ZION
0001184833
GISI JOHN J
ONE SOUTH MAIN STREET, SUITE 1134
SALT LAKE CITY
UT
84111
0
1
0
1
Exec Vice President
Pres of Subsidiary
Deferred Comp
0.00
2004-04-28
4
S
0
402.2224
56.98
D
Common Stock
402.2224
0.
D
Stock Option (right to buy)
56.59
2004-04-30
4
A
0
20000.
0.00
A
2005-04-30
2011-04-29
Common Stock
20000.
115000.
D
Each unit represents one share of the company's Common
Stock.
The deemed execution date for this transaction is
4/30/2004. This is the date the Company was notified of the
transaction's execution by the Company's third-party
administrator.
Deferred compensation transferred from Zions Bancorporation
common stock to an alternative investment option.
Units are paid out in cash upon the earlier of death,
retirement or termination of employment.
Options granted under the Zions Bancorporation Key
Employeee Incentive Stock Option Plan.  Options vest 33%
per year for 3 years.
Clark Hinckley, Attorney In Fact for John Gisi
2004-05-04