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STATE STREET CORP Director's Dealing 2004

Jan 21, 2004

30131_dirs_2004-01-21_b03d4542-bd5f-4dda-a289-bfef6ae78bdc.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STATE STREET CORP (STT)
CIK: 0000093751
Period of Report: 2004-01-16

Reporting Person: BAUGHMAN FREDERICK (SVP, Controller & CAO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-01-16 Common Stock S 4409 $55.5427 Disposed 7906 Direct
2004-01-16 Common Stock S 7400 $55.55 Disposed 506 Direct
2004-01-16 Common Stock S 506 $55.57 Disposed 0 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1854 Indirect
Common Stock 810 Indirect

Footnotes

F1: The reporting person indirectly beneficially owns 1,854 shares of State Street common stock through State Street Corporation's 401(k) plan, as of January 16, 2004. The plan accounts for interest in units of shares and a small amount of cash. As a result the number of underlying shares may fluctuate from time to time. The reporting person also indirectly beneficially owns 810 units of State Street common stock, as of January 16, 2004. The units were acquired under State Street Corporation's 401(k) Restoration and Voluntary Deferral Plan and will be settled upon reporting person's retirement.