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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000093751-02-000027.txt : 20020415
<SEC-HEADER>0000093751-02-000027.hdr.sgml : 20020415
ACCESSION NUMBER:		0000093751-02-000027
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020312
FILED AS OF DATE:		20020320

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:		1934 Act
		SEC FILE NUMBER:	001-07511
		FILM NUMBER:		02579740

	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:			GAVELL STEFAN
	CENTRAL INDEX KEY:			0001169236
<RELATIONSHIP>OFFICER

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		STATE STREET CORP
	STREET 2:		225 FRANKLIN ST
	CITY:			BOSTON
	STATE:			MA
	ZIP:			02110
	BUSINESS PHONE:		6177863000

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
<FILENAME>edgar.txt
<DESCRIPTION>FORM 3 - 3/12/02
<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
   Gavell, Stefan M
   State Street Corporation
   225 Franklin Street
   Boston, MA  02110
2. Date of Event Requiring Statement (Month/Day/Year)
   3/12/02
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)
   Acting Executive Vice President, CFO and Treasurer
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                               |3,812                 |D               |                                               |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock                               |4,470                 |I               |401(k) Plan(1)                                 |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<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 Option (r|6/19/98- |6/18/07  |Common Stock           |3,000    |26.21875  |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |6/19/00  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option (r|6/18/99- |6/17/08  |Common Stock           |3,000    |34.15625  |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |6/18/01  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option (r|6/17/00- |6/16/09  |Common Stock           |7,406    |40.51565  |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |6/17/02  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option (r|12/16/00-|2/16/10  |Common Stock           |25,000   |39.25     |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |12/16/02 |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option (r|12/21/01-|12/20/10 |Common Stock           |15,600   |60.73750  |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |12/21/03 |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option (r|12/20/02-|12/19/11 |Common Stock           |25,800   |51.975    |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |12/20/04 |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option (r|2/21/03- |12/20/12 |Common Stock           |13,500   |49.705    |D(2)         |                           |
ight to buy)            |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                        |2/21/05  |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) As of last plan
statement.
(2) Employee stock option granted pursuant to State Street Corporation 1997
Equity Incentive Plan exercisable in 33 1/3% installments over a
three-year
period.
SIGNATURE OF REPORTING PERSON
/s/Stefan M. Gavell
DATE
03/19/02

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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