-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LRmROfonV57hfD3iUv189GmSrW4WA3GUJdAO0Y5C+OCJVSJz2yCKMd/1VkHRM1Ax
 Gt8Y+zbUnqPNu6O6Kb69nw==

<SEC-DOCUMENT>0000093751-00-000052.txt : 20000313
<SEC-HEADER>0000093751-00-000052.hdr.sgml : 20000313
ACCESSION NUMBER:		0000093751-00-000052
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000303
FILED AS OF DATE:		20000310

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STATE STREET CORP
		CENTRAL INDEX KEY:			0000093751
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				042456637
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		
		SEC FILE NUMBER:	001-07511
		FILM NUMBER:		565835

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6177863000

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STATE STREET BOSTON FINANCIAL CORP
		DATE OF NAME CHANGE:	19780525
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			BAUGHMAN FREDERICK
	CENTRAL INDEX KEY:			0001108435
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>OFFICER

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		STATE STREET CORP.
	STREET 2:		225 FRANKLIN STREET
	CITY:			BOSTON
	STATE:			MA
	ZIP:			02110

MAIL ADDRESS:	
	STREET 1:		STATE STREET CORP.
	STREET 2:		225 FRANKLIN STREET
	CITY:			BOSTON
	STATE:			MA
	ZIP:			02110
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<DESCRIPTION>FORM 3 - 3/3/2000
<TEXT>

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
   Baughman, Frederick P.
   State Street Corporation
   225 Franklin Street
   Boston, MA  02110
   USA
2. Date of Event Requiring Statement (Month/Day/Year)
   3/3/2000
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Issuer Name and Ticker or Trading Symbol
   State Street Corporation
   STT
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director  ( ) 10% Owner  (X) Officer (give title below) ( ) Other
   (specify below)
   Senior Vice President, Corporate Controller and Chief Accounting Officer
6. If Amendment, Date of Original (Month/Day/Year)

7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Beneficially Owned                                                                           |
___________________________________________________________________________________________________________________________________|
1. Title of Security                       |2. Amount of          |3. Ownership    |4. Nature of Indirect                          |
                                           |   Securities         |   Form:        |   Beneficial Ownership                        |
                                           |   Beneficially       |   Direct(D) or |                                               |
                                           |   Owned              |   Indirect(I)  |                                               |
___________________________________________________________________________________________________________________________________|
<S>                                        <C>                    <C>              <C>
Common Stock                               |1,325                 |D(1)            |                                               |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock                               |828(2)                |I               |401(k) plan                                    |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock                               |91                    |I               |(3)                                            |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Beneficially Owned                                                                             |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Date Exer-       |3.Title and Amount     |         |4. Conver-|5. Owner-    |6. Nature of Indirect      |
  Security              |  cisable and      |  of Underlying        |         |sion or   |ship         |   Beneficial Ownership    |
                        |  Expiration       |  Securities           |         |exercise  |Form of      |                           |
                        |  Date(Month/      |-----------------------|---------|price of  |Deriv-       |                           |
                        |  Day/Year)        |                       |Amount   |deri-     |ative        |                           |
                        | Date    | Expira- |                       |or       |vative    |Security:    |                           |
                        | Exer-   | tion    |         Title         |Number of|Security  |Direct(D) or |                           |
                        | cisable | Date    |                       |Shares   |          |Indirect(I)  |                           |
___________________________________________________________________________________________________________________________________|
<S>                     <C>       <C>       <C>                     <C>       <C>        <C>           <C>
Employee Stock Options (|2/21/96  |2/20/01  |Common Stock           |2,120    |10.3594   |D(4)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|2/20/97  |2/19/02  |Common Stock           |1,488    |16.1250   |D(4)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|2/18/98  |2/17/03  |Common Stock           |1,102    |22.6563   |D(4)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|2/17/99  |2/16/04  |Common Stock           |1,220    |18.6250   |D(4)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|2/16/00  |2/15/05  |Common Stock           |2,460    |16.2500   |D(5)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|6/20/01  |6/19/06  |Common Stock           |2,000    |26.4063   |D(5)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|6/19/98- |6/18/07  |Common Stock           |3,000    |52.4375   |D(6)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |6/19/00  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|6/18/99- |6/17/08  |Common Stock           |4,000    |68.3125   |D(7)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |6/18/01  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
(CONTINUE ON THE NEXT PA|         |         |                       |         |          |             |                           |
GE)                     |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|6/17/00- |6/16/09  |Common Stock           |4,443    |81.0313   |D(8)         |                           |
right to buy)           |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |6/17/02  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) 1,000 of these shares were granted as restricted stock award pursuant to
State Street Corporation 1997
Equity Incentive Plan with 50% vesting commencing on June 30,
2000.
(2) As of last plan statement.  The Plan accounts for interests in units of
shares and a small amount of cash.  As a
result the number of underlying shares may fluctuate from time to
time.
(3) 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.
(4) Employee stock option granted pursuant to State Street Corporation 1989
Stock Option Plan in transaction
exempt under old Rule
16b-3.
(5) Employee stock option granted pursuant to State Street Corporation 1994
Stock Option and Performance Unit
Plan in transaction exempt under old Rule
16b-3.
(6) Employee stock option granted pursuant to State Street Corporation 1997
Equity Incentive Plan exercisable in
33 1/3% installments over a three-year period commencing June 19,
1998.
(7) Employee stock option granted pursuant to State Street Corporation 1997
Equity Incentive Plan exercisable in
33 1/3% installments over a three-year period commencing June 18,
1999.
(8) Employee stock option granted pursuant to State Street Corporation 1997
Equity Incentive Plan exercisable in
33 1/3% installments over a three-year period commencing June 17,
2000.
SIGNATURE OF REPORTING PERSON
/s/Frederick P. Baughman
DATE
3/9/00

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
