Exhibit
10.1          COMMUNITY FIRST BANKSHARES, INC. ANNUAL INCENTIVE PLAN 2000 2000 AIPGROUP
  
  TARGET INCENTIVE
  MAXIMUMI
  CEO
  50%
  100%II
  VICE CHAIRS/EVPS
  35%
  70%III
  SVPS
  25%
  50%IV
  VPS
  15%
  30%



SPLIT 50% INTERNAL & 50% EXTERNALTARGET
  INTERNAL
  EXTERNALI
  50%
  25%
  25%II
  35%
  17.5%
  17.5%III
  25%
  12.5%
  12.5%IV
  15%
  7.5%
  7.5%

INTERNAL AWARD CALCULATIONBased
on performance versus plan EPS as target.
No award if less than 90% of plan.
Double internal amount @ 110% of plan (see schedule).
Round up at .5 (plan) and down at <.5.



Award % of Base Salary% of Plan
  Fully Diluted
  EPS
  I
  II
  III
  IV90.00%
  $1.530
  0.000%
  0.000%
  0.000%
  0.000%91.00%
  $1.547
  2.500%
  1.750%
  1.250%
  0.750%92.00%
  $1.564
  5.000%
  3.500%
  2.500%
  1.500%93.00%
  $1.581
  7.500%
  5.250%
  3.750%
  2.250%94.00%
  $1.598
  10.000%
  7.000%
  5.000%
  3.000%95.00%
  $1.615
  12.500%
  8.750%
  6.250%
  3.750%96.00%
  $1.632
  15.000%
  10.500%
  7.500%
  4.500%97.00%
  $1.649
  17.500%
  12.250%
  8.750%
  5.250%98.00%
  $1.666
  20.000%
  14.000%
  10.000%
  6.000%99.00%
  $1.683
  22.500%
  15.750%
  11.250%
  6.750%100.00%
  $1.700
  25.000%
  17.500%
  12.500%
  7.500%101.00%
  $1.717
  27.500%
  19.250%
  13,750%
  8.250%102.00%
  $1.734
  30.000%
  21.000%
  15.000%
  9.000%103.00%
  $1.751
  32.500%
  22.750%
  16.250%
  9.750%104.00%
  $1.768
  35.000%
  24.500%
  17,500%
  10.500%105.00%
  $1.785
  37.500%
  26.250%
  18.750%
  11.250%106.00%
  $1.802
  40.000%
  28.000%
  20.000%
  12.000%107.00%
  $1.819
  42.500%
  29.750%
  21.250%
  12.750%108.00%
  $1.836
  45.000%
  31.500%
  22.500%
  13.500%109.00%
  $1.853
  47.500%
  33.250%
  23.750%
  14.250%110.00%
  $1.870
  50.000%
  35.000%
  25.000%
  15.000%

EXTERNAL AWARD CALCULATIONSNL
peer group (30 banks) for current performance year based on group as of
12/31/98.

Combines
incentive for Return on Equity (ROE) and Total Shareholder Return (TSR) (see
matrix).

SNL 20 Bank Group



Percentile
  85th or higher
  100%
  150%
  200%ROE
  50th*
  50%
  100%
  150%49th or lower
  0%
  50%
  100%49th or lower
  50th *
  85th or higherPercentile TSR



*Award will be prorated from 50th%
to 85th%.

External
award calculation:

% of Salary at Performance LevelTarget
  
  50%
  100%
  150%
  20%I
  25%
  
  12.5%
  25%
  37.5%
  50%II
  17.5%
  
  8.75%
  17.5%
  26.25%
  35%III
  12.5%
  
  6.25%
  12.5%
  18.75%
  25%IV
  7.5%
  
  3.75%
  7.5%
  11.25%
  15%

The
Selected
Peer Group reflects our selection of the 29 other institutions
most like the subject institution to be used as a peer group in comparing
relative compensation levels.  The
automated process searches in sequence for:

1.
  Banks in the same state within 40% of total
  assets.2.
  Banks in the same region within 40% of
  total assets.3.
  Banks in the same state within 80% of total
  assets.4.
  Banks in the same region within 80% of
  total assets.5.
  Any bank within 40% of total assets.6.
  Any bank within 80% of total assts.7.
  Banks closest in asset size.

If
at any point in the sequence 29 banks are found, the sequence stops and those
banks form the Selected Peer Group.  If
step six is reached and there are still not 29 other banks, the banks closest
in asset size any where in the country are chosen to round out the peer group.