BANK OF AMERICA CORPORATION
               SUMMARY OF 2000 CORPORATE MANAGEMENT INCENTIVE PLAN


I.       Objective of the Plan

         The purposes of this plan is to retain key management of the
         Corporation and to motivate them to increase shareholders' wealth.

II.      Participants

         Participants are approved by the Management Compensation Committee.
         Participants whose employment is terminated (either by Bank of America
         or the participant) prior to the receipt of payment will not be
         eligible to receive the award. This rule does not apply in cases
         related to death, retirement or disability.

III.     Determination of the Annual Fund

         Funding will be based on a target incentive award and the achievement
         of goals or objectives as determined at the beginning of the year.
         Preliminary funding of the pool will be based primarily on the
         Corporation's achievement of its financial goals such as EPS growth,
         Revenue growth, and SVA.

         o    If the Corporation achieves a minimum performance level, the
              funding level will be adjusted accordingly. If this minimum level
              of performance is not achieved, a pool will not be funded.

         o    Upon achievement of the target performance level, a pool will be
              funded based on the targeted incentive award for all participants
              in the plan.

         o    The pool funding for achievement above target performance will be
              determined by the Management Compensation Committee.

         The pool as determined above may be adjusted up or down based on the
         Corporation's financial performance and achievement of goals or
         objectives as determined by the Management Compensation Committee.


IV.      Funding Allocation/Award Determination

         Participants will be evaluated on the achievement of specific
         performance goals. The Management Compensation Committee has the
         authority to:

         A.       Determine the award amount, if any, to eligible participants
                  based on guidelines or rules deemed appropriate.

         B.       Allocate among the eligible participants all or any portion
                  of the pool funded.

         C.       Reduce or eliminate awards based on a less than acceptable
                  level of performance.


V.       Plan Year

         The plan year shall be from January 1 to December 31.