FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarter ended March 31, 2001              Commission File Number 0-11172


              FIRST CITIZENS BANCORPORATION OF SOUTH CAROLINA, INC.
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

           SOUTH CAROLINA                                   57-0738665
---------------------------------               --------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation  or  organization)

        1230  MAIN  STREET
     COLUMBIA,  SOUTH  CAROLINA                                         29201
------------------------------------                                  ---------
(Address of principal executive offices)                             (Zip Code)

Registrant's  telephone  number,  including  area  code   (803)  733-2659
                                                          ---------------

                                    NO CHANGE
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report.)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the Registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90  days.  YES  [X]  NO  [  ]

Indicate  the  number  of  shares outstanding of each of the issuer's classes of
common  stock,  as  of  the  latest  practicable  date.

     Class                                     Outstanding at April 30, 2001
     -----                                     -----------------------------

VOTING COMMON STOCK, $5.00 PAR VALUE            898,244 SHARES
NON-VOTING COMMON STOCK, $5.00 PAR VALUE         36,409 SHARES


<PAGE>
<TABLE>
<CAPTION>
PART  I  -  FINANCIAL  INFORMATION
ITEM  1.  FINANCIAL  STATEMENTS

FIRST  CITIZENS  BANCORPORATION  OF  SOUTH  CAROLINA,  INC.  AND  SUBSIDIARIES
-------------------------------------------------------------------------------------------------------

CONSOLIDATED  STATEMENTS  OF  CONDITION  -  UNAUDITED  (DOLLARS  IN  THOUSANDS,  EXCEPT  PAR  VALUES)


                                                                 MARCH 31,    December 31,    March 31,
                                                                   2001           2000          2000
                                                                -----------  --------------  -----------
<S>                                                             <C>          <C>             <C>
ASSETS
Cash and due from banks                                         $  136,494   $     156,425   $  118,473
Federal funds sold                                                 328,800          96,700       36,500
                                                                -----------  --------------  -----------
Total cash and cash equivalents                                    465,294         253,125      154,973
                                                                -----------  --------------  -----------
Investment securities:
  Held-to-maturity, at amortized cost                               36,822          33,519       33,752
  Available-for-sale, at fair value                                707,551         707,000      674,491
                                                                -----------  --------------  -----------
Total investment securities                                        744,373         740,519      708,243
                                                                -----------  --------------  -----------

Gross loans                                                      2,089,855       2,081,871    1,925,368
  Less: Allowance for loan losses                                  (37,197)        (37,001)     (34,265)
                                                                -----------  --------------  -----------
Net loans                                                        2,052,658       2,044,870    1,891,103
                                                                -----------  --------------  -----------
Premises and equipment                                              94,621          93,278       86,087
Interest receivable                                                 22,809          24,113       17,422
Intangible assets                                                   50,353          52,218       25,823
Other assets                                                        29,431          32,387       34,431
                                                                -----------  --------------  -----------
     TOTAL ASSETS                                               $3,459,539   $   3,240,510   $2,918,082
                                                                ===========  ==============  ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits:
  Demand                                                        $  507,732   $     467,155   $  427,074
  Time and savings                                               2,377,235       2,088,074    1,887,519
                                                                -----------  --------------  -----------
Total deposits                                                   2,884,967       2,555,229    2,314,593
Securities sold under agreements to repurchase and federal
   funds purchased                                                 239,264         369,218      324,969
Long-term debt                                                      50,963          50,963       50,963
Other liabilities                                                   37,067          31,407       25,649
                                                                -----------  --------------  -----------
     TOTAL LIABILITIES                                           3,212,261       3,006,817    2,716,174
                                                                -----------  --------------  -----------

     Commitments and contingencies                                      --              --           --

STOCKHOLDERS' EQUITY:
  Preferred stock                                                    3,202           3,219        3,248
  Non-voting common stock - $5.00 par value, authorized
    1,000,000; issued and outstanding March 31, 2001,
    December 31, 2000 and March 31, 2000 - 36,409                      182             182          182
  Voting common stock - $5.00 par value, authorized 2,000,000;
    issued and outstanding March 31, 2001 - 898,379;
   December 31, 2000 - 899,879; and March 31, 2000 - 900,870         4,492           4,499        4,504
  Surplus                                                           65,081          65,081       65,081
  Undivided profits                                                156,238         148,502      128,317
  Accumulated other comprehensive income, net of taxes              18,083          12,210          576
                                                                -----------  --------------  -----------
     TOTAL STOCKHOLDERS' EQUITY                                    247,278         233,693      201,908
                                                                -----------  --------------  -----------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                 $3,459,539   $   3,240,510   $2,918,082
                                                                ===========  ==============  ===========
</TABLE>


                                     Page 2
<PAGE>
<TABLE>
<CAPTION>
FIRST CITIZENS BANCORPORATION OF SOUTH CAROLINA, INC. AND SUBSIDIARIES
---------------------------------------------------------------------------
CONSOLIDATED  STATEMENTS  OF  INCOME  -  UNAUDITED
(DOLLARS  IN  THOUSANDS-EXCEPT  PER  SHARE  DATA)

                                                        FOR THE
                                                    QUARTER ENDED
                                                       MARCH 31,
                                                  ------------------
                                                    2001      2000
                                                  --------  --------
<S>                                               <C>       <C>
INTEREST INCOME:
  Interest and fees on loans                      $ 44,802  $ 38,881
  Interest on investment securites:
    Taxable                                         10,192     8,184
    Non-taxable                                        283       390
  Federal funds sold                                 3,261       910
                                                  --------  --------
Total interest income                               58,538    48,365
                                                  --------  --------
INTEREST EXPENSE:
  Deposits                                          24,122    17,014
  Securities sold under agreements to repurchase
    and federal funds purchased                      3,733     4,127
  Long-term debt                                     1,050     1,050
                                                  --------  --------
Total interest expense                              28,905    22,191
                                                  --------  --------

Net interest income                                 29,633    26,174
Provision for loan losses                              624     1,559
                                                  --------  --------
Net interest income after
  provision for loan losses                         29,009    24,615
                                                  --------  --------

NONINTEREST INCOME:
  Service charges on deposit accounts                5,897     5,080
  Commissions and fees from fiduciary activities       625       610
  Fees for other customer services                     646       611
  Mortgage servicing fees                              561       549
  Bankcard fees                                      1,238     1,004
  Insurance premiums earned                            400       358
  Gain on sale of investment securities              1,793        31
  Other                                                728       183
                                                  --------  --------
Total noninterest income                            11,888     8,426
                                                  --------  --------

NONINTEREST EXPENSE:
  Salaries and employee benefits                    13,238    11,291
  Net occupancy expense                              1,830     1,671
  Furniture and equipment expense                    1,443     1,616
  Amortization of intangibles                        2,652     1,378
  Bankcard processing expense                        1,297     1,061
  Data processing expense                            2,096     1,873
  Professional services                                576       494
  Other                                              5,127     3,947
                                                  --------  --------
Total noninterest expense                           28,259    23,331
                                                  --------  --------

Income before income tax expense                    12,638     9,710
Income tax expense                                   4,234     3,350
                                                  --------  --------
NET INCOME                                        $  8,404  $  6,360
                                                  ========  ========
--------------------------------------------------------------------
====================================================================
--------------------------------------------------------------------
NET INCOME PER COMMON SHARE -
BASIC AND DILUTED                                 $   8.93  $   6.73
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING-BASIC AND DILUTED               936,158   938,902
</TABLE>


                                   Page 3
<PAGE>
<TABLE>
<CAPTION>
FIRST CITIZENS BANCORPORATION OF SOUTH CAROLINA, INC. AND SUBSIDIARIES

-------------------------------------------------------------------------------------------------------------------

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME - UNAUDITED
(DOLLARS  IN  THOUSANDS)

                                               Non-                                       Accumulated      Total
                                              Voting    Voting                               Other         Stock-
                                  Preferred   Common    Common              Undivided    Comprehensive    holders'
                                    Stock      Stock    Stock    Surplus     Profits     Income/(Loss)     Equity
                                 -----------  -------  --------  --------  -----------  ---------------  ----------
<S>                              <C>          <C>      <C>       <C>       <C>          <C>              <C>
Balance at December 31, 1999     $    3,282   $   182  $ 4,531   $ 65,081  $  123,328   $        3,669   $ 200,073
Comprehensive income:
  Net income                                                                    6,360                        6,360
  Change in unrealized gains
     on investment securities
     available-for-sale, net of
     benefit of $1,218                                                                          (3,093)     (3,093)
                                                                                                         ----------
Total comprehensive income                                                                                   3,267
                                                                                                         ----------
Reacquired preferred stock              (34)                                        6                          (28)
Reacquired voting common stock                             (27)                (1,335)                      (1,362)
Preferred stock dividends                                                         (42)                         (42)
                                 -----------  -------  --------  --------  -----------  ---------------  ----------
Balance at March 31, 2000             3,248       182    4,504     65,081     128,317              576     201,908
Comprehensive income:
  Net income                                                                   21,229                       21,229
  Change in unrealized gains
     on investment securities
     available-for-sale, net of
     taxes of $6,264                                                                            11,634      11,634
                                                                                                         ----------
Total comprehensive income                                                                                  32,863
                                                                                                         ----------
Reacquired preferred stock              (29)                                      (16)                         (45)
Reacquired voting common stock                              (5)                  (226)                        (231)
Preferred stock dividends                                                        (127)                        (127)
Common stock dividends                                                           (675)                        (675)
                                 -----------  -------  --------  --------  -----------  ---------------  ----------
Balance at December 31, 2000          3,219       182    4,499     65,081     148,502           12,210     233,693
Comprehensive income:
  Net income                                                                    8,404                        8,404
  Change in unrealized gains
     on investment securities
     available-for-sale, net of
     taxes of $2,959                                                                             5,873       5,873
                                                                                                         ----------
Total comprehensive income                                                                                  14,277
                                                                                                         ----------
Reacquired preferred stock              (17)                                        3                          (14)
Reacquired voting common stock                              (7)                  (405)                        (412)
Common stock dividends                                                           (225)                        (225)
Preferred stock dividends                                                         (41)                         (41)
                                 -----------  -------  --------  --------  -----------  ---------------  ----------
Balance at March, 2001           $    3,202   $   182  $ 4,492   $ 65,081  $  156,238   $       18,083   $ 247,278
                                 ===========  =======  ========  ========  ===========  ===============  ==========
</TABLE>


                                    Page 4
<PAGE>
<TABLE>
<CAPTION>
FIRST CITIZENS BANCORPORATION OF SOUTH CAROLINA, INC. AND SUBSIDIARY
---------------------------------------------------------------------------------------------------------
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED (DOLLARS IN THOUSANDS)

                                                                                For the three months ended
                                                                                        March  31,
                                                                                   ----------------------
                                                                                      2001        2000
                                                                                   ----------  ----------
<S>                                                                                <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                                                       $   8,404   $   6,360
  Adjustments to reconcile net income to net cash provided
    by operating activities:
    Provision for loan losses                                                            624       1,559
    Depreciation and amortization                                                      4,260       3,370
    (Accretion) amortization of investment securities                                    938        (731)
    Deferred income tax benefit                                                         (105)       (134)
    decrease (Increase) in interest receivable                                         1,304      (2,287)
    Increase in interest payable                                                       2,393       1,913
    Origination of mortgage loans held-for-sale                                      (53,664)    (20,233)
    Proceeds from sales of mortgage loans held-for-sale                               50,346      21,134
    Gains on sales of mortage loans held-for-sale                                       (214)        (64)
    Gains on call or sale of investment securities                                    (1,793)        (31)
    Decrease in other assets                                                             119       1,376
    Increase in other liabilities                                                      3,267       1,114
                                                                                   ----------  ----------
  NET CASH PROVIDED BY OPERATING ACTIVITIES                                           15,879      13,346

CASH FLOWS FROM INVESTING ACTIVITIES:
    Net increase in loans                                                             (4,880)    (38,504)
    Calls, maturities and prepayments of investment securities held-to-maturity        2,456       7,881
    Purchases of investment securities held-to-maturity                               (6,697)       (205)
    Calls, maturities and prepayments of investment securities available-for-sale    127,112      63,308
    Purchases of investment securities available-for-sale                           (116,835)   (220,231)
    Proceeds from sales of premises and equipment                                          0           0
    Purchases of premises and equipment                                               (2,951)     (2,158)
    Increase in other real estate owned                                                 (220)        (39)
    Increase in intangible assets                                                       (787)        (87)
    Purchase of institutions, net of cash acquired                                         0      24,478
                                                                                   ----------  ----------
      NET CASH USED IN INVESTING ACTIVITIES                                           (2,802)   (165,557)

CASH FLOWS FROM FINANCING ACTIVITIES:
    Net increase in deposits                                                         329,738      25,254
    Increase in federal funds purchased and securities sold
      under agreements to repurchase                                                (129,954)     94,065
    Cash dividends paid                                                                 (266)        (42)
    Cash paid to reacquire preferred stock                                               (14)        (28)
    Cash paid to reacquire common stock                                                 (412)     (1,362)
                                                                                   ----------  ----------
      NET CASH PROVIDED BY FINANCING ACTIVITIES                                      199,092     117,887

NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS                                   212,169     (34,324)
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD                                       253,125     189,297
                                                                                   ----------  ----------
CASH AND DUE FROM BANKS AT END OF PERIOD                                           $ 465,294   $ 154,973
                                                                                   ==========  ==========
</TABLE>


                                   Page 5
<PAGE>
NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)

SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

A  summary  of  the  significant  accounting  policies  of  First  Citizens
Bancorporation of South Carolina, Inc. ("Bancorporation") is set forth in Note 1
to  the  Consolidated  Financial Statements in Bancorporation's Annual Report on
Form 10-K for 2000.  The significant accounting policies used during the current
quarter  are  unchanged  from  those  disclosed  in  the  2000  Annual  Report.

BASIS  OF  PRESENTATION

The  preceding  consolidated  financial  statements  and  the  notes thereto are
unaudited;  however,  in  the  opinion of management, all adjustments comprising
normal  recurring accruals necessary for a fair presentation of the consolidated
financial  statements have been recorded.  Certain amounts in prior periods have
been  reclassified  to  conform  to  the  2001  presentation.

In  September  2000, the FASB issued SFAS No. 140, "Accounting for Transfers and
Servicing  of  Financial  Assets  and  Extinguishments  of  Liabilities."  This
Statement  replaces  SFAS  No.  125,  "Accounting for Transfers and Servicing of
Financial  Assets  and  Extinguishments of Liabilities." It revises the standard
for  accounting  for  securitizations  and  other  transfers of financial assets
(including  loan  sales) and collateral and requires certain disclosures, but it
carries  over  most  of  the provisions of SFAS No. 125 without reconsideration.
Bancorporation  adopted  this  statement  on  January  1, 2001. Adoption of this
statement  did  not  have  a  material  impact  on  the  consolidated  financial
statements  of  Bancorporation.

ACQUISITIONS  (DOLLARS  IN  THOUSANDS)

There  were  no  acquisitions  during  the  quarter  ending  March  31,  2001.

SUBSEQUENT  EVENTS

On  February 14, 2001, the Bank entered into a purchase and assumption agreement
to  acquire four branches from an unrelated financial institution with estimated
total  deposits and loans of $56,000 and $41,000, respectively.  The acquisition
is  expected to be completed during the third quarter of 2001 pending regulatory
approvals.

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS OF OPERATIONS AND
FINANCIAL  CONDITION

                              RESULTS OF OPERATIONS

FORWARD-LOOKING  STATEMENTS

This  discussion  may  contain  statements  that could be deemed forward-looking
statements  within  the meaning of Section 21E of the Securities Exchange Act of
1934  and  the  Private  Securities  Litigation Reform Act, which statements are
inherently  subject  to risks and uncertainties.  Forward-looking statements are
statements  that include projections, predictions, expectations or beliefs about
future  events  or  results  or otherwise are not statements of historical fact.
Such  statements are often characterized by the use of the qualifying words (and
their  derivatives)  such as "expect," "believe," "estimate," "plan," "project,"
"anticipate,"  or  other  statements  concerning  opinions  or  judgments  of
Bancorporation  and  its  management  about  future  events.  Factors that could
influence  the  accuracy of such forward-looking statements include, but are not
limited  to,  the  financial  success or changing strategies of Bancorporations'
customers, actions of government regulators, the level of market interest rates,
and  general  economic  conditions.

SUMMARY  (DOLLARS  IN  THOUSANDS)

Net  income  for  the quarter ended March 31, 2001 totaled  $8,404, or $8.93 per
common  share.  Net  income for the quarter ended March 31, 2000 totaled $6,360,
or  $6.73  per  common  share.

The  primary  factors affecting the increase in net income for the quarter ended
March  31,  2001  were  a $4,394 or 17.85% increase in net interest income after
provision  for  loan  losses,  and  a  $3,462  or 41.09% increase in noninterest
income.  Included in noninterest income is a nonrecurring gain of $1,793 related
to  a  nonmonetary  exchange  of  a  processing  company's  stock  owned  by
Bancorporation.  These  favorable  changes  were partially offset by a $4,928 or
21.12%  increase in noninterest expense, and a $884 or 26.39% increase in income
tax  expense. Included in income tax expense is $601 related to the nonrecurring
gain.

Return  on  average  stockholders' equity and average assets are key measures of
earnings  performance.  Return  on  average  stockholders' equity for the period
ended  March  31,  2001 and March 31, 2000 were 14.22% and 12.50%, respectively.
The increase was primarily the result of an increase in return on average assets
from  .90%  to  1.02%  for  the quarter ended March 31, 2000 and March 31, 2001,
respectively.  The  increase  in  return  on  assets was due to a 24 basis point
increase  in  noninterest  income  to  average  assets.  This  was  offset by an
increase  of  12  basis  points  in  noninterest  expense  to  average  assets.


                                     Page 6
<PAGE>
<TABLE>
<CAPTION>
Table  1  provides  summary information on selected average balances and ratios.

TABLE  1:  SELECTED  SUMMARY  INFORMATION  (DOLLARS  IN  THOUSANDS)

                                                                  AS OF AND FOR THE
                                                                 THREE MONTHS ENDED
                                                                      MARCH  31,
                                                               ------------------------
SELECTED AVERAGE BALANCES:                                        2001         2000
                                                               -----------  -----------
<S>                                                            <C>          <C>
Total assets                                                   $3,353,687   $2,817,140
Interest-earning assets                                         3,057,506    2,575,796
Investment securities                                             751,988      641,689
Loans                                                           2,078,094    1,868,559
Total liabilities                                               3,113,981    2,613,606
Deposits                                                        2,728,660    2,236,351
Noninterest-bearing deposits                                      456,248      399,327
Interest-bearing deposits                                       2,272,412    1,837,024
Interest-bearing liabilities                                    2,626,182    2,191,200
Stockholders' equity                                              239,706      203,534


SELECTED RATIOS:
Return on average assets                                             1.02%         .90%
Return on average stockholders' equity                              14.22%       12.50%
Return on average common stockholders' equity                       14.41%       12.70%

Net yield on average interest-earning assets (tax equivalent)        3.98%        4.15%
Average loans to average deposits                                   76.24%       83.55%
Nonperforming assets to total loans                                   .21%         .17%
Allowance for loan losses to total loans                             1.78%        1.78%
Allowance for loan losses to nonperforming assets                    8.68x       10.90x

Average stockholders' equity to average total assets                 7.15%        7.22%
Total risk-based capital ratio                                      12.14%       13.20%
Tier I risk-based capital ratio                                     10.89%       11.96%
Tier I leverage ratio                                                7.02%        8.16%
</TABLE>


NET  INTEREST  INCOME  (DOLLARS  IN  THOUSANDS)

Net  interest  income  represents  the  principal  source  of  earnings  for
Bancorporation.  Table  2  compares average balance sheet items and analyzes net
interest  income  on a taxable equivalent basis for the quarters ended March 31,
2001 and 2000.


                                     Page 7
<PAGE>
<TABLE>
<CAPTION>
TABLE  2:  COMPARATIVE  AVERAGE  BALANCE  SHEETS  AND  TAXABLE  EQUIVALENT  RATE/VOLUME  VARIANCE  (DOLLARS  IN  THOUSANDS)

                                           AS OF AND FOR THE QUARTER ENDED MARCH 31,
                                   ------------------------------------------------------------
                                                                                     Yield/       Change Due to(2)
                                       Average Balance       Interest Inc/Exp(1)      Rate        ----------------     Net
                                   ------------------------  ------------------  --------------   Yield              Increase
                                      2001         2000        2001      2000     2001    2000    /Rate    Volume   (Decrease)
                                   -----------  -----------  --------  --------  -------  -----  -------  --------  -----------
<S>                                <C>          <C>          <C>       <C>       <C>      <C>    <C>      <C>       <C>
INTEREST-EARNING ASSETS:
Loans (3)                          $2,078,094   $1,868,559   $44,988   $39,061     8.78%  8.41%  $1,328   $ 4,599   $    5,927
Investment securities:
  Taxable                             730,770      612,553    10,289     8,184     5.71   5.37      417     1,688        2,105
  Non-taxable                          21,218       29,136       435       600     8.20   8.24       (3)     (162)        (165)
Federal funds sold                    227,424       65,548     3,094       910     5.52   5.58      (50)    2,234        2,184
                                   -----------  -----------  --------  --------                  -------  --------  -----------

Total interest-earning assets       3,057,506    2,575,796    58,806    48,755     7.80   7.61    1,692     8,359       10,051
                                   -----------  -----------  --------  --------                  -------  --------  -----------

NONINTEREST-EARNING ASSETS:
Cash and due from banks               134,606      116,823
Premises and equipment                 94,245       85,135
Other, less allowance for loan
losses                                 67,330       39,386
                                   -----------  -----------


Total noninterest-earning assets      296,181      241,344
                                   -----------  -----------

TOTAL ASSETS                       $3,353,687   $2,817,140
                                   -----------  -----------

INTEREST-BEARING LIABILITIES:
Deposits                            2,272,412   $1,837,024   $24,121   $17,014     4.30   3.73   $2,427   $ 4,680   $    7,107
Federal funds purchased and
 securities sold under
 agreements to repurchase             302,807      303,213     3,665     4,127     4.91   5.47     (457)       (5)        (462)
Long-term debt                         50,963       50,963     1,050     1,050     8.24   8.24        0         0            0
                                   -----------  -----------  --------  --------                  -------  --------  -----------

Total interest-bearing
liabilities                         2,626,182    2,191,200    28,836    22,191     4.45   4.07    1,970     4,675        6,645
                                   -----------  -----------  --------  --------                  -------  --------  -----------

NONINTEREST-BEARING LIABILITIES:
Demand deposits                       456,248      399,327
Other liabilities                      31,551       23,079
                                   -----------  -----------

Total noninterest-bearing
liabilities                           487,799      422,406
                                   -----------  -----------

TOTAL LIABILITIES                   3,113,981    2,613,606
                                   -----------  -----------

Stockholders' equity                  239,706      203,534

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY               $3,353,687   $2,817,140
                                   ===========  ===========

NET INTEREST SPREAD                                                                3.35%  3.54%
                                                                                 =======  =====
NET INTEREST MARGIN:                                         $ 29,970  $ 26,564                   ($278)  $ 3,684   $    3,406
                                                             ========  ========                  =======  ========  ===========
   to average assets                                                               3.62%  3.77%
                                                                                 =======  =====
   to average interest-earning
    assets                                                                         3.98%  4.15%
                                                                                 =======  =====
<FN>
(1)  Non-taxable  interest  income  has  been  adjusted to a taxable equivalent rate, using the federal income tax rate of 35%.
(2)  Yield/rate-volume  changes  have  been  allocated  to  each  category based on the percentage of each to the total change.
(3)  Nonaccrual loans are included in the average loan balances.  Income on such loans generally is recognized on a cash basis.
</TABLE>


                                     Page 8
<PAGE>
MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS OF OPERATIONS AND FINANCIAL
CONDITION  (CONTINUED)

--------------------------------------------------------------------------------

NET  INTEREST  INCOME  (CONTINUED)

Net interest income on a taxable equivalent basis increased $3,406 or 12.82% for
the  quarter  ended  March  31,  2001,  over the comparable period in 2000.  Net
interest  margin  to  average  assets decreased from 3.77% for the quarter ended
March  31,  2000  to  3.62%  for  the  quarter  ended  March  31, 2001.  This is
attributable  to a 17 basis point decrease in the net interest margin to average
interest-earning  assets  (3.98%  compared  to  4.15%  for  the  same comparable
periods),  and  a decrease in the ratio of earning assets to average assets from
91.43%  at  March  31,  2000  to  91.17%  at  March  31,  2001.

Net  interest margin to average interest-earning assets decreased from 4.15% for
the  quarter ended March 31, 2000 to 3.98% for the quarter ended March 31, 2001.
This was attributable to a decline in the net interest spread from 3.54% for the
quarter ended March 31, 2000 to 3.35% for the quarter ended March 31, 2001.  The
decline  in  the  net  interest  spread  was  due to the increase in the cost of
interest-bearing  liabilities  exceeding  the  increase  in  interest  earned on
interest-earning  assets.  The  cost  of  interest-bearing liabilities increased
from  4.07%  at  March  31, 2000 to 4.45% at March 31, 2001, or 38 basis points,
while  the yield on interest-earning assets increased from 7.61% to 7.80%, or 19
basis  points.  The increase in the cost of interest-bearing liabilities was due
to  an  increase in the rates paid on deposits (primarily CDs).  The increase in
the  yield  on  interest-earning  assets was due to an increase in the yields on
loans  and  taxable  investment  securities.

NONINTEREST  INCOME  AND  EXPENSE  (DOLLARS  IN  THOUSANDS)

Noninterest income increased by $3,462 or 41.09% for the quarter ended March 31,
2001,  over the comparable period in 2000 due to increases in service charges on
deposits,  bankcard  fees  and  gain  on sale of securities.  Service charges on
deposits increased by $817 or 16.08% over the comparable period primarily due to
overall  deposit  growth. Bankcard activities increased by $234 or 23.31%.  Gain
on  sale  on securities increased $1,762 or 5683.87% over the comparable period.
This increase was due to the recognition of a nonrecurring gain of $1,793 due to
the  nonmonetary  exchange  of  a  processing  company's  stock  owned  by
Bancorporation.

Noninterest  expense  increased  by $4,928 or 21.12% for the quarter ended March
31,  2001  over  the  comparable period in 2000 due to increases in salaries and
employee  benefits,  amortization  of  intangibles,  data processing expense and
bankcard  processing expense. Salaries and employee benefits increased $1,947 or
17.24%  over the comparable period primarily due to an increase in the number of
employees,  the  addition  of  seven  new  branches  in December 2000, and merit
increases.  Amortization  of  intangibles increased by $1,274 or 92.45% over the
comparable  period  due  to the goodwill related to the acquisition of seven new
branches  in  December  2000.  Data  processing expense increased $223 or 11.91%
over  the  comparable  period  due  to  the  on-going  growth  realized  by
Bancorporation.  Bankcard  processing  expense  increased by $236 or 22.24% over
the  comparable  period  due  to  increased  bankcard  activity.

Overall, the noninterest margin (noninterest income less noninterest expense) to
average  assets  improved  from a negative 2.11% for the quarter ended March 31,
2000  to a negative 1.98% for the quarter ended March 31, 2001.  This was due to
a  24  basis point increase in noninterest income to average assets, offset by a
11  basis point increase in non-interest expense to average assets.  This factor
had  the  most  measurable impact on the improvement in return on assets for the
comparable  periods.


INCOME  TAXES  (DOLLARS  IN  THOUSANDS)

Total income tax expense increased by $884 or 26.39% for the quarter ended March
31,  2001  over the comparable period in 2000 due to the increase in net income.
The effective tax rate was 33.5% and 34.5% at March 31, 2001 and March 31, 2000,
respectively.


                                     Page 9
<PAGE>
MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS OF OPERATIONS AND FINANCIAL
CONDITION  (CONTINUED)

--------------------------------------------------------------------------------

                               FINANCIAL CONDITION

INVESTMENT  SECURITIES  (DOLLARS  IN  THOUSANDS)

As  of  March  31,  2001, the investment portfolio totaled $744,373, compared to
$708,243  at  March  31, 2000.  The investment portfolio increased as funds were
shifted from federal funds sold to the bond portfolio.  Bancorporation continues
to  invest  primarily  in  short-term  U.S.  government  obligations  and agency
securities to minimize credit, interest rate and liquidity risk.  The investment
portfolio  consisted  of 91.88% and 90.84% U.S. government and government agency
securities as of March 31, 2001 and March 31, 2000, respectively.  The remainder
of  the  investment portfolio consists of municipal bonds and equity securities.

LOANS  AND  ALLOWANCE  FOR  LOAN  LOSSES  (DOLLARS  IN  THOUSANDS)

As  of March 31, 2001, loans totaled $2,089,855, compared to $1,925,368 at March
31,  2000, an increase of $164,487, or 8.54%, which is the result of normal loan
growth  and  acquisitions.  Between  March  31,  2000  and  March  31,  2001,
approximately  $32,592 of loans were acquired from other financial institutions.
The  composition of the loan portfolio has not shifted significantly since March
31,  2000.  Loan growth was funded through core deposits and short-term borrowed
funds.

During the month of February 2001, Bancorporation sold approximately $22 million
of  mortgage  loans  to  a third party investor.  The effect on the consolidated
statements  of  income  was  not  significant.

It  is  the  policy  of  Bancorporation to maintain an allowance for loan losses
which  is  adequate  to  absorb  probable losses inherent in the loan portfolio.
Management  believes that the provision taken during the quarter ended March 31,
2001 was appropriate to provide an allowance for loan losses which considers the
past  experience of charge-offs, the level of past due and nonaccrual loans, the
size  and mix of the loan portfolio, credit classifications and general economic
conditions  in  Bancorporation's  market  areas.

An  analysis  of  activity in the allowance for loan losses as of March 31, 2001
and  2000  is  presented  below.  The  allowance  for  loan losses is maintained
through  charges  to  the  provision  for  loan  losses.  Loan  charge-offs  and
recoveries  are  charged  or credited directly to the allowance for loan losses.

                                 AS OF AND FOR THE
                                  QUARTER  ENDED
                                    MARCH 31,
                                ------------------
ALLOWANCE FOR LOAN LOSSES:        2001      2000
                                --------  --------
Balance at beginning of period  $37,001   $32,972
Provision for loan losses           624     1,559
                                --------  --------
Charge-offs                        (767)     (700)
Recoveries                          339       434
                                --------  --------
Net charge-offs                    (428)     (266)
                                --------  --------
Balance at end of period        $37,197   $34,265
                                --------  --------

Nonperforming assets            $ 4,285   $ 3,143

Annualized net charge-offs to:
  Average loans                     .08%      .06%
  Loans at end of period            .08%      .06%
  Allowance for loan losses        4.60%     3.11%


FUNDING  SOURCES  (DOLLARS  IN  THOUSANDS)

Bancorporation's  primary  source  of funds is its deposit base.  Total deposits
increased  $570,374 or by 24.64% from March 31, 2000 to March 31, 2001.  Between
March  31,  2000  and  March  31,  2001, approximately $189,123 of deposits were
acquired  from  other  financial  institutions.  Additionally, $226,096 formerly
classified  as  securities sold under agreements to repurchase were reclassified
to  deposits  at  the  beginning  of  February,  2001.  Average  deposits  were
$2,728,660  and  $2,236,351  at March 31, 2001 and March 31, 2000, respectively.


                                     Page 10
<PAGE>
MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS OF OPERATIONS AND FINANCIAL
CONDITION  (CONTINUED)

--------------------------------------------------------------------------------

Short-term borrowings in the form of repurchase agreements are another source of
funds.  Short-term borrowings decreased $85,705 or by 26.37% from March 31, 2000
to  March  31,  2001,  primarily  due  to  the reclassification discussed in the
previous paragraph.  Average short-term borrowings were $302,807 and $303,213 at
March  31,  2001  and  March  31,  2000,  respectively.

CAPITAL  RESOURCES

Regulatory agencies define capital as Tier I, consisting of stockholders' equity
less  ineligible  intangible  assets,  and  Total  Capital, consisting of Tier I
capital  plus the allowable portion of the allowance for loan losses and certain
long-term  debt.

Regulatory  guidelines require a minimum ratio of total capital to risk-adjusted
assets  of  8  percent,  with  at least 50 percent consisting of tangible common
stockholders'  equity  and  a minimum Tier I leverage ratio of 3 percent.  Banks
which  meet  or  exceed a Tier I ratio of 6 percent, a total capital ratio of 10
percent,  and  a  Tier  I  leverage  ratio  of  5  percent  are  considered
well-capitalized  by  regulatory  standards.  The  following  table  details
Bancorporation's  capital  ratios  at  March  31,  2001  and  2000.

CAPITAL  RATIOS                             MARCH  31,
                                         ---------------
                                         2001      2000
                                         -----     -----
Tier I leverage ratio                    7.02%     8.16%
Total risk-based capital ratio          12.14%    13.20%
  Tier I                                10.89%    11.96%
  Tier II                                1.25%     1.24%

ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK

There  have  been  no  material changes in market risk exposures that affect the
quantitative  and  qualitative disclosures presented as part of Bancorporation's
Annual  Report  on  Form  10-K  for  the  year  ended  December  31,  2000.


                                     Page 11
<PAGE>
                           PART II - OTHER INFORMATION

Item  1.  Legal  Proceedings

Bancorporation  and  its  subsidiaries,  are not parties to, nor is any of their
property  the  subject of, any material or other pending legal proceeding, other
than  ordinary  routine  proceedings  incidental  to  their  business.

Item  2.  Changes  in  Securities

Not  Applicable.

Item  3.  Defaults  upon  Senior  Securities

Not  Applicable.

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders

Not  Applicable.

Item  5.  Other  Information

Not  Applicable.

Item  6.  Exhibits  and  Reports  on  Form  8-K

(a)  Exhibits- The following exhibits are either attached hereto or incorporated
     by  reference:

     3.1  Articles  of  Incorporation of the Registrant as amended (incorporated
          herein  by  reference  to  Exhibit 3.1 of the Registrant's 1994 Annual
          Report  on  Form  10-K).

     3.3  Bylaws  of the Registrant as amended (incorporated herein by reference
          to  Exhibit  3.3 of the Registrant's 1997 Annual Report on Form 10-K).

     4.1  Amended  and  Restated  Trust  Agreement  of  FCB/SC  capital  Trust I
          (incorporated  herein  by  reference  to  Exhibit  4.1 of Registrant's
          Registration  Statement  No.  333-60319 filed with the SEC on July 31,
          1998).

     4.2  Form  of  Guaranty  Agreement  (incorporated  herein  by  reference to
          Exhibit 4.2 of Registrant's registration Statement No. 333-60319 filed
          with  the  SEC  on  July  31,  1998).

     4.3  Junior  Subordinated  Indenture  between  Registrant and Bankers Trust
          Company,  as  Debenture  Trustee  (incorporated herein by reference to
          Exhibit 4.3 of Registrant's Registration Statement No. 333-60319 filed
          with  the  SEC  on  July  31,  1998).

     4.4  Form of Certificate evidencing Capital Securities (incorporated herein
          by reference to Exhibit 4.5 in the Registrant's Registration Statement
          No.  333-60319  filed  with  the  SEC  on  July  31,  1998).

     4.5  Form  of  Junior  Subordinated  Debenture  (incorporated  herein  by
          reference  to  Exhibit  4.6 in the Registrant's Registration Statement
          No.  333-60319  filed  with  the  SEC  on  July  31,  1998).

     11   Statement  re  computation  of  per  share  earnings (filed herewith).

(b)  No  reports  on Form 8-K were filed during the quarter ended March 31, 2001


                                     Page 12
<PAGE>
SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.


                                                FIRST CITIZENS BANCORPORATION
                                                OF  SOUTH  CAROLINA,  INC.
                                                (Registrant)


Dated:    May 11, 2001                          By:  /s/  Craig  L.  Nix
        -----------------                            ---------------------------
                                                     Craig  L.  Nix
                                                     (Chief Financial Officer)


                                     Page 13
<PAGE>