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<SEC-DOCUMENT>0000895813-08-000210.txt : 20080902
<SEC-HEADER>0000895813-08-000210.hdr.sgml : 20080901
<ACCEPTANCE-DATETIME>20080718100938
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000895813-08-000210
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080718

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHERN TRUST CORP
		CENTRAL INDEX KEY:			0000073124
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				362723087
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		50 S LASALLE ST
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60603
		BUSINESS PHONE:		3126306000

	MAIL ADDRESS:	
		STREET 1:		50 S LASALLE ST
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60603

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTRUST CORP
		DATE OF NAME CHANGE:	19780525
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>





   NORTHERN TRUST CORPORATION
   50 South La Salle Street
   Chicago, Illinois  60675
   (312) 630-6000

   [NORTHERN TRUST LOGO]



                                      July 18, 2008


   Mr. Gregory Dundas
   Staff Attorney
   Division of Corporation Finance
   U.S. Securities and Exchange Commission
   Mail Stop 4561
   100 F Street, N.E.
   Washington, D.C.  20549

        Re:  Northern Trust Corporation
             Form 10-K for the Fiscal Year Ended
             December 31, 2007 Definitive Proxy
             Statement on Schedule 14A filed March 10, 2008
             Form 10-Q for the Quarterly Period Ended March 31, 2008
             File No. 000-05965
             -------------------------------------------------------

   Dear Mr. Dundas:

        We have reviewed the letter of the staff of the Securities and
   Exchange Commission (the "Commission") dated July 11, 2008 following
   up on our response filed with the Commission on July 9, 2008 to the
   staff's comments on the above-referenced filings of Northern Trust
   Corporation (the "Corporation").  The following is the Corporation's
   response to the Commission staff's additional comment.  For
   convenience, the Commission staff's comment is reproduced in bold
   typeface, and the Corporation's response appears in regular
   typeface.

   FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007
   -----------------------------------------------------
   ITEM 1A - RISK FACTORS, PAGE 25
   ------------------------------
   1.   WE NOTE YOUR RESPONSE TO OUR PRIOR COMMENT NO. 1, SPECIFICALLY
        THAT YOU WILL IN THE FUTURE, "WHERE APPROPRIATE, SUBDIVIDE SOME
        OF THE CATEGORIES INTO PARAGRAPHS OR BULLET POINTS. . . ."
        WE CONTINUE TO BELIEVE THAT ITEM 503(c) OF REGULATION S-K CALLS
        FOR A VERY SPECIFIC FORMAT, NAMELY "A DISCUSSION OF THE
        MOST SIGNIFICANT FACTORS" THAT MAKE INVESTMENT IN THE ISSUER'S
        ------------------------
        SECURITIES RISKY.  EACH RISK FACTOR SHOULD BE SET FORTH
        INDIVIDUALLY, WITH A CLEAR SUBHEADING DESCRIBING THE RISK, AND
        A DISCUSSION THAT ADEQUATELY DESCRIBES THE RISK IN CLEAR,
        CONCRETE TERMS SPECIFIC TO THE ISSUER, QUANTIFYING THOSE TERMS
        WHERE APPROPRIATE.  IN YOUR RESPONSE, PLEASE INDICATE YOUR
        INTENTION TO REVISE YOUR RISK FACTORS ACCORDINGLY IN FUTURE
        FILINGS.

        RESPONSE:
        --------

        In future filings, the Corporation will present its discussion
   of risk factors in a format that sets forth each risk factor



   [NORTHERN TRUST LOGO]

   Mr. Gregory Dundas
   U.S. Securities and Exchange Commission
   Division of Corporation Finance
   July 18, 2008
   Page 2




   individually, with a subcaption that clearly describes the
   particular risk and a clear explanation of how the risk affects the
   Corporation.

        If you have any questions regarding this letter, please call me
   at (312) 557-8265.

                                      Very truly yours,



                                      /s/ Kelly R. Welsh
                                      ----------------------------
                                      Kelly R. Welsh
                                      Executive Vice President and
                                      General Counsel
</TEXT>
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</SEC-DOCUMENT>
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