1


================================================================================


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 11-K



[X]  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

                   For the fiscal year ended December 31, 2000

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934


                 For the transition period from (not applicable)

                          Commission file number 1-6880


                        U.S. BANCORP 401(k) SAVINGS PLAN
                                 U.S. BANK PLACE
                             601 SECOND AVENUE SOUTH
                        MINNEAPOLIS, MINNESOTA 55402-4302
              ----------------------------------------------------
              (Full title of the plan and the address of the plan)


                                  U.S. BANCORP
                                 U.S. BANK PLACE
                             601 SECOND AVENUE SOUTH
                        MINNEAPOLIS, MINNESOTA 55402-4302
         --------------------------------------------------------------
         (Name and address of principal executive offices of the issuer
                               of the securities)


================================================================================

   2


                              REQUIRED INFORMATION


U.S. Bancorp 401(k) Savings Plan ("the Plan"), fka U.S. Bancorp Capital
Accumulation Plan, is subject to the Employee Retirement Income Security act of
1974 ("ERISA"). Therefore, in lieu of the requirements of Items 1-3 of Form
11-K, the financial statements and schedules of the Plan for the two years ended
December 31, 2000 and 1999, which have been prepared in accordance with the
financial reporting requirements of ERISA, are attached hereto as Exhibit 13 and
incorporated herein by this reference.

The following exhibits are filed with this report:



Exhibit Number      Description                                                         Page
--------------      -----------                                                         ----
                                                                                  

      13            Annual Report for the year ended December 31, 2000

      23            Consent of PricewaterhouseCoopers LLP



                                    SIGNATURE


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
trustees have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.


U.S. BANCORP 401(k) SAVINGS PLAN


By:    U.S. Bancorp 401(k) Savings Plan Benefit Administration Committee


/s/ Ellen Peterson                                                 June 29, 2001
---------------------------------------
Ellen Peterson
Benefit Administration Committee Chairman