Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  HOOLEY JOSEPH L
 2. Date of Event Requiring Statement (Month/Day/Year)
01/19/2005		 3. Issuer Name and Ticker or Trading Symbol
STATE STREET CORP [STT]
(Last)
(First)
(Middle)
STATE STREET CORPORATION, ONE LINCOLN STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BOSTON, MA 02111		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,800
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
EMPLOYEE STOCK OPTION (right to buy)   (1) 02/19/2009 Common Stock 16,800 $ 36.4844 D  
EMPLOYEE STOCK OPTION (right to buy)   (2) 02/18/2010 Common Stock 48,000 $ 39.25 D  
EMPLOYEE STOCK OPTION (right to buy)   (3) 12/22/2010 Common Stock 54,200 $ 60.7375 D  
EMPLOYEE STOCK OPTION (right to buy)   (4) 12/21/2011 Common Stock 96,600 $ 51.975 D  
EMPLOYEE STOCK OPTION (right to buy) 02/21/2004 02/21/2012 Common Stock 13,400 $ 49.705 D  
EMPLOYEE STOCK OPTION (right to buy)   (5) 12/19/2012 Common Stock 93,300 $ 40.22 D  
EMPLOYEE STOCK OPTION (right to buy)   (6) 12/17/2013 Common Stock 61,600 $ 49.81 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HOOLEY JOSEPH L
STATE STREET CORPORATION
ONE LINCOLN STREET
BOSTON, MA 02111		       Executive Vice President  

Signatures

Joseph L. Hooley 01/26/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Options become exercisable in 33 1/3% installments over a three-year period commencing on February 18, 2000.
(2) Options become exercisable in 33 1/3% installments over a three-year period commencing on February 17, 2001.
(3) Options become exercisable in 33 1/3% installments over a three-year period commencing on December 21, 2001.
(4) Options become exercisable in 33 1/3% installments over a three-year period commencing on December 20, 2002.
(5) Options become exercisable in 33 1/3% installments over a three-year period commencing on December 19, 2004.
(6) Options become exercisable in 33 1/3% installments over a three-year period commencing on December 17, 2005.

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