An electronic image pickup apparatus of the present invention is constructed so that an image pickup lens and a diaphragm for adjusting exposure can operate in interlocking relationship with each other. Furthermore, the apparatus has a panorama mode in which an image is obtained by connecting images taken in a plurality of continuous scenes with each other, and a rapid shooting mode in which continuous image pickup is performed. If the operating mode is set to the panorama mode or the rapid shooting mode, reset of the image pickup lens and diaphragm is performed at the first shot only and the backlash cancellation of the image pickup lens is performed starting from the second shot. Preferably, the exposure adjusting mechanism automatically places a predetermined limit on the exposure time in a normal mode and permits a longer exposure time in the panoramic mode.