-----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,
 VU47swyC26patrEZpboxq/QybCvUIaQIibEU/O/T8FyxiCEU3CSs9W/dbIHcSlr6
 MvA+nA7JQINmbmR18n1tNg==

<SEC-DOCUMENT>0000078814-04-000061.txt : 20040524
<SEC-HEADER>0000078814-04-000061.hdr.sgml : 20040524
<ACCEPTANCE-DATETIME>20040524155746
ACCESSION NUMBER:		0000078814-04-000061
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040524
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PITNEY BOWES INC /DE/
		CENTRAL INDEX KEY:			0000078814
		STANDARD INDUSTRIAL CLASSIFICATION:	OFFICE MACHINES, NEC [3579]
		IRS NUMBER:				060495050
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03579
		FILM NUMBER:		04827063

	BUSINESS ADDRESS:	
		STREET 1:		WORLD HEADQUARTERS 61-11
		STREET 2:		ONE ELMCROFT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06926
		BUSINESS PHONE:		2033565000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ed8k052404.txt
<DESCRIPTION>ACQUISITION OF INTERNATIONAL MAIL EXPRESS
<TEXT>
                                  United States
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549-1004


                                   FORM 8-K

                    CURRENT REPORT PURSUANT TO SECTION 13 OR
                  15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




         Date of Report (Date of earliest event reported): May 21, 2004



                                PITNEY BOWES INC.



                         Commission File Number: 1-3579




State of Incorporation                           IRS Employer Identification No.
       Delaware                                             06-0495050





                               World Headquarters
                                 1 Elmcroft Road
                        Stamford, Connecticut 06926-0700
                        Telephone Number: (203) 356-5000



<PAGE>


Item 5 - Other Events.

The registrant's press release dated May 21, 2004 regarding its acquisition of
International Mail Express, Inc.



Item 7 - Financial Statements and Exhibits.

c. Exhibits.

The following exhibit is furnished in accordance with the provisions of Item
601 of Regulation S-K:

Exhibit     Description
- -------     --------------------------------------------------------------------

  (1)       Pitney Bowes Inc. press release dated May 21, 2004.









<PAGE>


                                   Signatures
                                   ----------



Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                   PITNEY BOWES INC.

May 24, 2004

                                   /s/ B.P. Nolop
                                   -----------------------------
                                   B. P. Nolop
                                   Executive Vice President and
                                   Chief Financial Officer
                                   (Principal Financial Officer)




                                   /s/ J.R. Catapano
                                   -----------------------------
                                   J. R. Catapano
                                   Controller
                                   (Principal Accounting Officer)



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>edex1052404.txt
<DESCRIPTION>ACQUISITION OF INTERNATIONAL MAIL EXPRESS
<TEXT>
                                                                       EXHIBIT 1
                                                                       ---------

For Immediate Release
- ---------------------

                PITNEY BOWES ACQUIRES INTERNATIONAL MAIL EXPRESS
                ------------------------------------------------

STAMFORD, Conn., May 21, 2004- Pitney Bowes Inc. (NYSE:PBI) today acquired
substantially all of the assets of International Mail Express, Inc. (IMEX) for
$29 million. With annual revenue of approximately $54 million, IMEX consolidates
letters and flat-sized mail headed to international addresses to reduce postage
costs and expedite delivery.
         With this acquisition the company is continuing to execute its growth
strategy according to Michael J. Critelli, Chairman and CEO of Pitney Bowes.
"The acquisition of International Mail Express is another example of how we are
enhancing customer and shareholder value by expanding our participation in the
mailstream. IMEX helps us add more value and grow the set of services that we
offer current and potential customers."
         IMEX, founded in 1986, is headquartered in College Point, New York and
employs approximately 170 people. Its expertise is in developing the most cost
effective route for getting letters, flat-sized mail, publications and
literature to their final destination outside of the U.S. That includes using
proprietary software to reduce transportation costs. IMEX has processing centers
in College Point, New York, San Francisco, California and Ashburn, Virginia.
         IMEX will become part of the company's Global Mailstream Solutions
segment and continue to operate under its current management.
         Pitney Bowes is a $4.6 billion global provider of integrated mail and
document management solutions headquartered in Stamford, Connecticut. The
company serves over 2 million businesses of all sizes in more than 130 countries
through dealer and direct operations. For more information please visit
www.pb.com.
- -----------
================================================================================
         The statements contained in this news release that are not purely
historical are forward-looking statements with the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements may be identified by their use of forward-looking terminology
such as the words "expects," "anticipates," "intends" and other similar words.
Such forward-looking statements include, but are not limited to, statements
about growth strategies, market expansion, etc. Such forward-looking statements
involve risks and uncertainties that could cause actual results to differ
materially from those projected. These risks and uncertainties include, but are
not limited to: severe adverse changes in the economic environment, timely
development and acceptance of new products or gaining product approval;
successful entry into new markets; changes in interest rates; and changes in
postal regulations, as more fully outlined in the company's 2003 Form 10-K
Annual Report filed with the Securities and Exchange Commission. In addition,
the forward-looking statements are subject to change based on the timing and
specific terms of any announced acquisitions. The forward-looking statements
contained in this news release are made as of the date hereof and we do not
assume any obligation to update the reasons why actual results could differ
materially from those projected in the forward-looking statements.


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