Zions Bancorporation has filed a registration statement (including a prospectus) with the SEC (File no. 333-132868) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. You may also get a copy at www.esoars.com
      
      

      
      

The option cancellation data set forth below underlies the select historical summary information provided in our preliminary prospectus supplement filed with the SEC on April 24, 2007, related to our registration statement filed with the SEC on March 31, 2006 (File no. 333-132868). The select historical summary information is under the heading “HISTORICAL STOCK OPTION EXERCISE DATA” starting on page S-22 of the preliminary prospectus supplement. The data (and select summaries in the preliminary prospectus supplement) are presented for each of the large option grants that we have made annually to select employees from 1994 to 2005. From time to time throughout each year, we have also made additional, smaller option grants, largely to newly-hired employees. We do not reflect these additional, smaller option grants in the tables, charts and graphs contained in the preliminary prospectus supplement nor in the data presented below. We also do not reflect option grants made to our directors and option grants made pursuant to the "You're the Owner" program, which has been discontinued. In 2000, we made two sizeable option grants, the cancelation data for each of which we have provided below and selectively summarized in the preliminary prospectus supplement. Only option cancellations that occurred on or before March 31, 2007 are shown.
 
The following data items are presented for each cancellation of the relevant employee stock option grants.
 
Grant Date - The date on which Zions Bancorporation’s board of directors authorized the granting of the applicable options to employees.
 
Granted Shares - The number of shares granted to an individual to which the associated canceled shares pertain.
 
Cancellation Date - The date on which the options were canceled.
 
Number Cancelled - The number of options canceled, irrespective of their vesting status.