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 <TITLE>FORM S-8</TITLE>
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<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="5" COLOR="#000000" FACE="'Times New Roman', Times"> <B>UNITED STATES</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="5" COLOR="#000000" FACE="'Times New Roman', Times"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Washington, D.C. 20549</B></FONT></DIV>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><HR WIDTH="21%" SIZE="1" NOSHADE></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="5" COLOR="#000000" FACE="'Times New Roman', Times"><B>Form S-8</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="4" COLOR="#000000" FACE="'Times New Roman', Times"><B>REGISTRATION STATEMENT</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="4" COLOR="#000000" FACE="'Times New Roman', Times"><B>Under The Securities Act of 1933</B></FONT></DIV>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="5" COLOR="#000000" FACE="'Times New Roman', Times"><B>MELLON FINANCIAL CORPORATION</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>(Exact name of registrant as specified in its charter)</B></FONT></DIV>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>

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<TH VALIGN="bottom" NOWRAP ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Pennsylvania</B></FONT></TH>
<TH><FONT SIZE="1">&nbsp;&nbsp;</FONT></TH>
<TH VALIGN="bottom" NOWRAP ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>25-1233834</B></FONT></TH>
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<TR>
<TH VALIGN="bottom" NOWRAP ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>(State or other jurisdiction of</B></FONT></TH>
<TH><FONT SIZE="1">&nbsp;&nbsp;</FONT></TH>
<TH VALIGN="bottom" NOWRAP ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>(I.R.S. Employer</B></FONT></TH>
</TR>
<TR>
<TH VALIGN="bottom" NOWRAP ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>incorporation or organization)</B></FONT></TH>
<TH><FONT SIZE="1">&nbsp;&nbsp;</FONT></TH>
<TH VALIGN="bottom" NOWRAP ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>Identification No.)</B></FONT></TH>
</TR>
</TABLE>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>One Mellon Center</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>500 Grant Street</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Pittsburgh, Pennsylvania 15258-0001</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>(412) 234-5000</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>(Address of principal executive offices) (Zip Code)</B></FONT></DIV>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="3" COLOR="#000000" FACE="'Times New Roman', Times"><B>MELLON FINANCIAL CORPORATION</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="3" COLOR="#000000" FACE="'Times New Roman', Times"><B>LONG-TERM PROFIT INCENTIVE PLAN (1996)</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>(Full title of the plan)</B></FONT></DIV>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Carl Krasik, Esq.</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Associate General Counsel and Secretary</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Mellon Financial Corporation</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>One Mellon Center</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>500 Grant Street</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>Pittsburgh, Pennsylvania 15258-0001</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>(412) 234-5222</B></FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>(Name, address and telephone number of agent for service)</B></FONT></DIV>
<DIV><FONT SIZE="2">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times"><B>CALCULATION OF REGISTRATION FEE</B></FONT>
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<TD COLSPAN="9"> <HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="2"> </TD>
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<TD WIDTH="30%"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>Title of Securities
<BR>
to be Registered</B></FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="16%"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>Amount to be
<BR>
Registered</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"></FONT></TD>
<TD WIDTH="13%"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>Proposed
<BR>
Maximum
<BR>
Offering Price
<BR>
Per Share</B></FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="15%"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>Proposed
<BR>
Maximum
<BR>
Aggregate
<BR>
Offering Price</B></FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="22%"><FONT SIZE="1" COLOR="#000000" FACE="'Times New Roman', Times"><B>Amount of
<BR>
Registration Fee</B></FONT></TD>
</TR>
<TR>
<TD WIDTH="100%" COLSPAN="9"> <HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="1"> </TD>
</TR>
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<TD WIDTH="30%"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">Common Stock ($ 0.50 par
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;value)(1)</FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="16%" ALIGN="center" VALIGN="bottom"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">14,000,000</FONT></TD>
<TD WIDTH="1%" ALIGN="center" VALIGN="bottom">&nbsp;</TD>
<TD WIDTH="13%" ALIGN="center" VALIGN="bottom"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">$45.09375(2)</FONT></TD>
<TD WIDTH="1%" ALIGN="center" VALIGN="bottom">&nbsp;</TD>
<TD WIDTH="15%" ALIGN="center" VALIGN="bottom"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">$631,312,500(2)</FONT></TD>
<TD WIDTH="1%" ALIGN="center" VALIGN="bottom">&nbsp;</TD>
<TD WIDTH="22%" ALIGN="center" VALIGN="bottom"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">$157,829.00</FONT></TD>
</TR>
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<TD COLSPAN="9"> <HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="2"> </TD>
</TR>
</TABLE>
</DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV></DIV>

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<TD WIDTH="3%" ALIGN="left" VALIGN="top"><DIV ALIGN="left"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">(1)</FONT></DIV>
</TD>
<TD WIDTH="97%" ALIGN="left" VALIGN="top"> <DIV ALIGN="left"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">Includes preferred stock purchase rights. Prior to the occurrence of certain events, these rights will not be exercisable or
evidenced separately from the Common Stock.</FONT></DIV>
</TD>
</TR>
</TABLE>

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<TD WIDTH="3%" ALIGN="left" VALIGN="top"><DIV ALIGN="left"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">(2)</FONT></DIV>
</TD>
<TD WIDTH="97%" ALIGN="left" VALIGN="top"> <DIV ALIGN="left"><FONT SIZE="2" COLOR="#000000" FACE="'Times New Roman', Times">Estimated solely for the purpose of calculating the registration fee, pursuant to Rule 457(h) of the Securities Act, on the basis
of $45.09375 per share, the average of the high and low sales price of the Common Stock in the consolidated reporting system on January 18, 2001.</FONT></DIV>
</TD>
</TR>
</TABLE>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>

<P><FONT SIZE="2"></FONT></P>
<P ALIGN="center"><B><FONT SIZE=2 FACE="serif">PART</FONT></B><B><FONT SIZE=2 FACE="serif"> </FONT></B><B><FONT SIZE=2 FACE="serif">II</FONT></B> </P>
<P ALIGN="center"> <B><FONT SIZE="2" FACE="Times New Roman, Times, serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></B> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 3. Incorporation of Documents by Reference</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The following documents heretofore filed with the Securities and Exchange Commission by Mellon Financial Corporation (the &#147;Corporation&#148;) (Commission File No. 1-7410) pursuant to the
Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) are incorporated in this Registration Statement by reference and made a part hereof:</FONT> </P>
<BLOCKQUOTE>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Corporation&#146;s Annual Report on Form 10K for the year ended on December 31, 1999, filed pursuant to Section 13 of the Exchange Act.</FONT> </P>
</BLOCKQUOTE>
<BLOCKQUOTE>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act by the Corporation since December 31, 1999.</FONT> </P>

<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of the Corporation&#146;s Common Stock set forth in the Corporation&#146;s Registration Statement on Form 8-A, dated June 10, 1981, filed pursuant to
Section 12(b) of the Exchange Act, including all reports updating such description.</FONT> </P>

<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The description of the Rights set forth in the Corporation&#146;s Registration Statement on Form 8-A/A, dated October 19, 1999, filed pursuant to Section 12(b) of
the Exchange Act, including all reports updating such description.</FONT> </P>
</BLOCKQUOTE>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Each document or report filed by the Corporation with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to the filing of a
post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part thereof from the
date of filing of such documents until the information contained in such document is superseded or updated by any subsequently filed document which is incorporated by reference into this Registration Statement.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 4. Description of Securities</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Not applicable.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 5. Interests of Named Experts and Counsel</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The validity of the Common Stock covered by this Registration Statement will be passed upon for the Corporation by Carl Krasik, Esq., Associate General Counsel and Secretary of the Corporation, One
Mellon Center, Pittsburgh, Pennsylvania 15258. Mr. Krasik is an employee and a shareholder of the Corporation and holds options to purchase additional shares of the Corporation&#146;s Common Stock issued pursuant to the Corporation&#146;s Long-Term Profit
Incentive Plan (1996).</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 6. Indemnification of Directors and Officers</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The Restated Articles of Incorporation, as amended, of the Corporation (the &#147;Articles&#148;) provide that, except as prohibited by law, every director and officer of the Corporation shall be
entitled as of right to be indemnified by the Corporation against fees and expenses and any liability paid or</FONT> </P>

<P> </P>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">incurred by such person in connection with any actual or threatened claim, action, suit or proceeding, civil, criminal, administrative, investigative or other, whether brought by or in the right of
the Corporation or otherwise, in which such person may be involved as a party or otherwise (subject to certain limitations in the case of actions by such person against the Corporation) by reason of such person being or having been a director or officer
of the Corporation or serving or having served at the request of the Corporation as a director, officer, fiduciary or other representative of another entity. The Articles also give to indemnitees the right to have their expenses in defending such actions
paid in advance by the Corporation, subject to any obligation imposed by law or otherwise to reimburse the Corporation in certain events. The Corporation has entered into an indemnity agreement (the &#147;Indemnity Agreement&#148;) with each director and
certain of its officers which provides a contractual right to indemnification against such expenses and liabilities (subject to certain limitations and exceptions) and a contractual right to advancement of expenses and contains additional provisions
regarding determination of entitlement, defense of claims, rights of contribution and other matters.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The Pennsylvania Business Corporation Law permits a corporation to indemnify its directors and officers, and to pay their expenses in advance, subject to certain limitations and exceptions. The
specific indemnity provisions, which are by their terms not intended to be exclusive, are, in general, not as broad as the provisions of the Articles and the Indemnity Agreement; however, one provision would preclude indemnification in any case where the
act or failure to act giving rise to the claim for indemnification is determined by a court to have constituted willful misconduct or recklessness, and another provision requires that advances of expenses may be made by a corporation only upon receipt of
an undertaking to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The Corporation has purchased liability insurance policies covering its directors and officers to insure against the claims arising out of certain alleged wrongful acts on the part of such directors
and officers and against claims arising out of certain alleged breaches of fiduciary duty under the Employee Retirement Income Security Act of 1974 on the part of such directors and officers.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Article Seventh of the Articles and Article Two of the Corporation&#146;s By-Laws, as amended, both adopted by the shareholders of the Corporation at their annual meeting on April 20, 1987, further
provide that, to the fullest extent that the laws of Pennsylvania, as in effect on January 27, 1987 or as thereafter amended, permit elimination or limitation of the liability of directors, no director of the Corporation shall be personally liable for
monetary damages as such for any action taken, or any failure to take any action, as a director. The Pennsylvania Business Corporation Law provides that whenever the by-laws of a corporation by a vote of the shareholders so provide, a director shall not
be personally liable for monetary damages as such for any action taken, or failure to take any action, unless (i) the director has breached or failed to perform the duties of his office under the standard of care and justifiable reliance specified in such
act and (ii) the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness. These provisions do not apply to (i) responsibility or liability of a director pursuant to any criminal statute or (ii) the liability of a director
for payment of taxes.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 7. Exemption From Registration Claimed</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Not Applicable.</FONT> </P>

<P> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 8. Exhibits</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The following exhibits are filed herewith or incorporated by reference as part of this Registration</FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Statement:</FONT> </P>
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0 ALIGN="center">
<TR>
<TD WIDTH="19%" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Number</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Description</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%"> <HR NOSHADE SIZE=1 WIDTH="40" ALIGN="center"> </TD>
<TD WIDTH="81%"> <HR NOSHADE SIZE=1 WIDTH="63" ALIGN="left"> </TD>
</TR>
<TR>
<TD WIDTH="19%">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4.1</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Restated Articles of Incorporation of Mellon Financial Corporation, as amended and restated as of September 17, 1998, and as amended October 19, 1999.</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4.2</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">By-Laws of Mellon Financial Corporation, as amended, effective October 19, 1999.</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4.3</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Shareholder Protection Rights Agreement between Mellon Financial Corporation and Mellon Bank, N.A., as Rights Agent, dated as of October 15, 1996, as amended and restated as of October
19, 1999.</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center" HEIGHT="16">&nbsp;</TD>
<TD WIDTH="81%" HEIGHT="16">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5.1</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Opinion of Carl Krasik, Esq. as to the legality of the Common Stock being registered</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">15.1</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Consent of KPMG LLP</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">23.1</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Consent of Carl Krasik, Esq. (included in Exhibit 5.1)</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="19%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">24.1</FONT></TD>
<TD WIDTH="81%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Powers of Attorney</FONT></TD>
</TR>
<TR>
<TD WIDTH="19%" ALIGN="center">&nbsp;</TD>
<TD WIDTH="81%">&nbsp;</TD>
</TR>
</TABLE>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">Item 9. Undertakings</FONT> </P>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule 415 Offering</FONT></P>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">The undersigned registrant hereby undertakes:</FONT> </P>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</FONT> </P>
<BLOCKQUOTE>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">(i)</FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;</FONT></P>

<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">(ii)&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement;</FONT> </P>

<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">(iii)&nbsp;&nbsp;To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the
registration statement;</FONT> </P>
</BLOCKQUOTE>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S</FONT><FONT FACE="Times New Roman, Times, serif">-<FONT SIZE=2>8 </FONT></FONT>
<FONT SIZE="2" FACE="Times New Roman, Times, serif">or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant</FONT> </P>

<P> </P>
<P><FONT FACE="Times New Roman, Times, serif" SIZE="2">pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement;</FONT></P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(2)&nbsp;&nbsp;&nbsp; That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(3)&nbsp; &nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(b) &nbsp;&nbsp;&nbsp;Filings Incorporating Subsequent Exchange Act Documents by Reference</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">The undersigned registrant hereby undertakes that for the purpose of determining any liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant to section
13(a) or section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(c) &nbsp;&nbsp;&nbsp;Filing of Registration Statement on Form S-8</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</FONT> </P>
<P>&nbsp;</P>
<P><FONT SIZE="2"></FONT></P>
<P ALIGN="center"> <B><FONT SIZE=2 FACE="serif"><FONT FACE="Times New Roman, Times, serif">SIGNATURES</FONT></FONT></B> </P>
<P ALIGN="center"> <FONT FACE="Times New Roman, Times, serif"><B><FONT SIZE=2>MELLON FINANCIAL CORPORATION</FONT></B> </FONT></P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Pursuant to the requirements of the Securities Act of 1933, Mellon Financial Corporation certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pittsburgh, Commonwealth of Pennsylvania on the 19th day of January, 2001.</FONT> </P>
<TABLE WIDTH="91%" BORDER="0">
<TR>
<TD WIDTH="62%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Mellon Financial Corporation</FONT> </TD>
</TR>
<TR>
<TD WIDTH="62%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="35%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="62%" HEIGHT="16"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%" VALIGN="top" HEIGHT="16"><FONT SIZE="2" FACE="Times New Roman, Times, serif">By:</FONT></TD>
<TD WIDTH="35%" VALIGN="top" HEIGHT="16"><FONT SIZE="2" FACE="Times New Roman, Times, serif">/s/ Steven G. Elliot
<BR>
Steven G. Elliott</FONT> <FONT FACE="Times New Roman, Times, serif">
<BR>
<FONT SIZE=2>Senior Vice Chairman and</FONT></FONT> <FONT FACE="Times New Roman, Times, serif">
<BR>
<FONT SIZE=2>Chief Financial Officer</FONT></FONT> </TD>
</TR>
<TR>
<TD WIDTH="62%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="35%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD COLSPAN="3"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on the 19th day of January
,</FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">2001.</FONT> </TD>
</TR>
<TR>
<TD WIDTH="62%" HEIGHT="25"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%" HEIGHT="25"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="35%" HEIGHT="25"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="62%" HEIGHT="51"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%" VALIGN="top" HEIGHT="51"><FONT SIZE="2" FACE="Times New Roman, Times, serif">By:</FONT></TD>
<TD WIDTH="35%" VALIGN="top" HEIGHT="51"><FONT SIZE="2" FACE="Times New Roman, Times, serif">/s/ Steven G. Elliott
<BR>
Steven G. Elliott
<BR>
Principal Financial Officer and Director</FONT></TD>
</TR>
<TR>
<TD WIDTH="62%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="35%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="62%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">By:</FONT></TD>
<TD WIDTH="35%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">/s/ Michael K. Hughey
<BR>
Michael K. Hughey</FONT> <FONT FACE="Times New Roman, Times, serif">
<BR>
<FONT SIZE=2>Principal Accounting Officer</FONT></FONT> </TD>
</TR>
<TR>
<TD WIDTH="62%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="35%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD COLSPAN="3"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Martin G. McGuinn, Director and Principal Executive Officer; Burton C. Borgelt, Director; Carol R. Brown, Director; Jared L. Cohon, Director; Christopher M. Condron, Director; J. W.
Connolly, Director; Charles A Corry, Director; Ira J. Gumberg, Director; Pemberton Hutchinson, Director; Edward J. McAniff, Director; Seward Prosser Mellon, Director; Robert Mehrabian, Director;</FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">Mark A. Nordenberg, Director; David S. Shapira, Director; Joab L. Thomas, Director; Wesley W. von Schack, Director.</FONT> </TD>
</TR>
<TR>
<TD WIDTH="62%" HEIGHT="26"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%" HEIGHT="26"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="35%" HEIGHT="26"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="62%" HEIGHT="47"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="3%" HEIGHT="47" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">By:</FONT></TD>
<TD WIDTH="35%" HEIGHT="47">
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">/s/ Carl Krasik
<BR>
Carl Krasik</FONT> <FONT FACE="Times New Roman, Times, serif">
<BR>
<FONT SIZE=2>Attorney-in-Fact</FONT></FONT> </P>
</TD>
</TR>
</TABLE>

<P><FONT SIZE="2"></FONT> </P>
<TABLE WIDTH="91%" BORDER="0">
<TR ALIGN="center">
<TD COLSPAN="7"><FONT FACE="Times New Roman, Times, serif"><B><FONT SIZE=2>Index to Exhibits</FONT></B></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif">Exhibit No.</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="49%" ALIGN="center" COLSPAN="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Description</FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="41%" ALIGN="center" COLSPAN="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Method of Filing</FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4.1</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Restated Articles of Incorporation of Mellon Financial Corporation, as amended and restated as of Sept. 17, 1998, and as amended Oct. 19, 1999.</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Previously filed as Exhibit 3.1to the Quarterly Report on Form 10-Q (File No. 1-7410) for the quarter ended September 30, 1999, and incorporated herein by reference.</FONT></TD>

</TR>
<TR>
<TD WIDTH="8%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4.2</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">By-Laws of Mellon Financial Corporation, as amended, effective October 19, 1999.</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Previously filed as Exhibit 3.2 to the Quarterly Report on Form 10-Q (File No. 1-7410) for the quarter ended September 30, 1999, and incorporated herein by reference.</FONT>
</TD>
</TR>
<TR>
<TD WIDTH="8%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4.3</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Shareholder Protection Rights Agreement between Mellon Financial Corporation and Mellon Bank, N.A., as Rights Agent, dated as of Oct. 15, 1996, as amended and restated as of
Oct. 19, 1999. </FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Previously filed as Exhibit 1 to Form 8-A/A Registration Statement (File No. 1</FONT><FONT FACE="Times New Roman, Times, serif">-<FONT SIZE=2>7410) dated </FONT></FONT><FONT
SIZE="2" FACE="Times New Roman, Times, serif">October 19, 1999, and incorporated herein by reference. </FONT></TD>
</TR>
<TR>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" VALIGN="top" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5.1</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Opinion of Carl Krasik, Esq. as to the legality of the Common Stock being registered.</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Filed herewith</FONT></TD>
</TR>
<TR>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">15.1</FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Consent of KPMG LLP.</FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Filed herewith</FONT></TD>
</TR>
<TR>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">23.1</FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Consent of Carl Krasik, Esq. (included in Exhibit 5.1).</FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Filed herewith.</FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="15%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="26%" VALIGN="top"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
</TR>
<TR>
<TD WIDTH="8%" ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">24.1</FONT></TD>
<TD WIDTH="1%" ALIGN="center"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="40%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Powers of Attorney.</FONT></TD>
<TD WIDTH="9%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Filed herewith.</FONT></TD>
</TR>
</TABLE>
 </BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "0001.htm", "description": "FORM S-8", "secsgml_size_bytes": 40194}]
{"company-data": {"conformed-name": "MELLON FINANCIAL CORP", "cik": "0000064782", "assigned-sic": "6021", "irs-number": "251233834", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-54054", "film-number": "1512114"}, "business-address": {"street1": "ONE MELLON BANK CTR", "street2": "500 GRANT ST", "city": "PITTSBURGH", "state": "PA", "zip": "15258-0001", "phone": "4122345000"}, "former-company": [{"former-conformed-name": "MELLON BANK CORP", "date-changed": "19920703"}, {"former-conformed-name": "MELLON NATIONAL CORP", "date-changed": "19841014"}]}
FORM S-8
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
Under The Securities Act of 1933
MELLON FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania
25-1233834
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
One Mellon Center
500 Grant Street
Pittsburgh, Pennsylvania 15258-0001
(412) 234-5000
(Address of principal executive offices) (Zip Code)
MELLON FINANCIAL CORPORATION
LONG-TERM PROFIT INCENTIVE PLAN (1996)
(Full title of the plan)
Carl Krasik, Esq.
Associate General Counsel and Secretary
Mellon Financial Corporation
One Mellon Center
500 Grant Street
Pittsburgh, Pennsylvania 15258-0001
(412) 234-5222
(Name, address and telephone number of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount to be
Registered
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration Fee
Common Stock ($ 0.50 par
value)(1)
14,000,000
$45.09375(2)
$631,312,500(2)
$157,829.00
(1)
Includes preferred stock purchase rights. Prior to the occurrence of certain events, these rights will not be exercisable or
evidenced separately from the Common Stock.
(2)
Estimated solely for the purpose of calculating the registration fee, pursuant to Rule 457(h) of the Securities Act, on the basis
of $45.09375 per share, the average of the high and low sales price of the Common Stock in the consolidated reporting system on January 18, 2001.
PART
II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents heretofore filed with the Securities and Exchange Commission by Mellon Financial Corporation (the "Corporation") (Commission File No. 1-7410) pursuant to the
Securities Exchange Act of 1934 (the "Exchange Act") are incorporated in this Registration Statement by reference and made a part hereof:
(1)      The Corporation's Annual Report on Form 10K for the year ended on December 31, 1999, filed pursuant to Section 13 of the Exchange Act.
(2)      All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act by the Corporation since December 31, 1999.
(3)      The description of the Corporation's Common Stock set forth in the Corporation's Registration Statement on Form 8-A, dated June 10, 1981, filed pursuant to
Section 12(b) of the Exchange Act, including all reports updating such description.
(4)      The description of the Rights set forth in the Corporation's Registration Statement on Form 8-A/A, dated October 19, 1999, filed pursuant to Section 12(b) of
the Exchange Act, including all reports updating such description.
Each document or report filed by the Corporation with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to the filing of a
post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part thereof from the
date of filing of such documents until the information contained in such document is superseded or updated by any subsequently filed document which is incorporated by reference into this Registration Statement.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
The validity of the Common Stock covered by this Registration Statement will be passed upon for the Corporation by Carl Krasik, Esq., Associate General Counsel and Secretary of the Corporation, One
Mellon Center, Pittsburgh, Pennsylvania 15258. Mr. Krasik is an employee and a shareholder of the Corporation and holds options to purchase additional shares of the Corporation's Common Stock issued pursuant to the Corporation's Long-Term Profit
Incentive Plan (1996).
Item 6. Indemnification of Directors and Officers
The Restated Articles of Incorporation, as amended, of the Corporation (the "Articles") provide that, except as prohibited by law, every director and officer of the Corporation shall be
entitled as of right to be indemnified by the Corporation against fees and expenses and any liability paid or
incurred by such person in connection with any actual or threatened claim, action, suit or proceeding, civil, criminal, administrative, investigative or other, whether brought by or in the right of
the Corporation or otherwise, in which such person may be involved as a party or otherwise (subject to certain limitations in the case of actions by such person against the Corporation) by reason of such person being or having been a director or officer
of the Corporation or serving or having served at the request of the Corporation as a director, officer, fiduciary or other representative of another entity. The Articles also give to indemnitees the right to have their expenses in defending such actions
paid in advance by the Corporation, subject to any obligation imposed by law or otherwise to reimburse the Corporation in certain events. The Corporation has entered into an indemnity agreement (the "Indemnity Agreement") with each director and
certain of its officers which provides a contractual right to indemnification against such expenses and liabilities (subject to certain limitations and exceptions) and a contractual right to advancement of expenses and contains additional provisions
regarding determination of entitlement, defense of claims, rights of contribution and other matters.
The Pennsylvania Business Corporation Law permits a corporation to indemnify its directors and officers, and to pay their expenses in advance, subject to certain limitations and exceptions. The
specific indemnity provisions, which are by their terms not intended to be exclusive, are, in general, not as broad as the provisions of the Articles and the Indemnity Agreement; however, one provision would preclude indemnification in any case where the
act or failure to act giving rise to the claim for indemnification is determined by a court to have constituted willful misconduct or recklessness, and another provision requires that advances of expenses may be made by a corporation only upon receipt of
an undertaking to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation.
The Corporation has purchased liability insurance policies covering its directors and officers to insure against the claims arising out of certain alleged wrongful acts on the part of such directors
and officers and against claims arising out of certain alleged breaches of fiduciary duty under the Employee Retirement Income Security Act of 1974 on the part of such directors and officers.
Article Seventh of the Articles and Article Two of the Corporation's By-Laws, as amended, both adopted by the shareholders of the Corporation at their annual meeting on April 20, 1987, further
provide that, to the fullest extent that the laws of Pennsylvania, as in effect on January 27, 1987 or as thereafter amended, permit elimination or limitation of the liability of directors, no director of the Corporation shall be personally liable for
monetary damages as such for any action taken, or any failure to take any action, as a director. The Pennsylvania Business Corporation Law provides that whenever the by-laws of a corporation by a vote of the shareholders so provide, a director shall not
be personally liable for monetary damages as such for any action taken, or failure to take any action, unless (i) the director has breached or failed to perform the duties of his office under the standard of care and justifiable reliance specified in such
act and (ii) the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness. These provisions do not apply to (i) responsibility or liability of a director pursuant to any criminal statute or (ii) the liability of a director
for payment of taxes.
Item 7. Exemption From Registration Claimed
Not Applicable.
Item 8. Exhibits
The following exhibits are filed herewith or incorporated by reference as part of this Registration
Statement:
Number
Description
4.1
Restated Articles of Incorporation of Mellon Financial Corporation, as amended and restated as of September 17, 1998, and as amended October 19, 1999.
4.2
By-Laws of Mellon Financial Corporation, as amended, effective October 19, 1999.
4.3
Shareholder Protection Rights Agreement between Mellon Financial Corporation and Mellon Bank, N.A., as Rights Agent, dated as of October 15, 1996, as amended and restated as of October
19, 1999.
5.1
Opinion of Carl Krasik, Esq. as to the legality of the Common Stock being registered
15.1
Consent of KPMG LLP
23.1
Consent of Carl Krasik, Esq. (included in Exhibit 5.1)
24.1
Powers of Attorney
Item 9. Undertakings
(a)        Rule 415 Offering
The undersigned registrant hereby undertakes:
(1)        To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii)   To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement;
(iii)  To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the
registration statement;
Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S
-
8
or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant
pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement;
(2)    That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and
(3)    To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)    Filings Incorporating Subsequent Exchange Act Documents by Reference
The undersigned registrant hereby undertakes that for the purpose of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section
13(a) or section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)    Filing of Registration Statement on Form S-8
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
MELLON FINANCIAL CORPORATION
Pursuant to the requirements of the Securities Act of 1933, Mellon Financial Corporation certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pittsburgh, Commonwealth of Pennsylvania on the 19th day of January, 2001.
Mellon Financial Corporation
By:
/s/ Steven G. Elliot
Steven G. Elliott
Senior Vice Chairman and
Chief Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on the 19th day of January
,
2001.
By:
/s/ Steven G. Elliott
Steven G. Elliott
Principal Financial Officer and Director
By:
/s/ Michael K. Hughey
Michael K. Hughey
Principal Accounting Officer
Martin G. McGuinn, Director and Principal Executive Officer; Burton C. Borgelt, Director; Carol R. Brown, Director; Jared L. Cohon, Director; Christopher M. Condron, Director; J. W.
Connolly, Director; Charles A Corry, Director; Ira J. Gumberg, Director; Pemberton Hutchinson, Director; Edward J. McAniff, Director; Seward Prosser Mellon, Director; Robert Mehrabian, Director;
Mark A. Nordenberg, Director; David S. Shapira, Director; Joab L. Thomas, Director; Wesley W. von Schack, Director.
By:
/s/ Carl Krasik
Carl Krasik
Attorney-in-Fact
Index to Exhibits
Exhibit No.
Description
Method of Filing
4.1
Restated Articles of Incorporation of Mellon Financial Corporation, as amended and restated as of Sept. 17, 1998, and as amended Oct. 19, 1999.
Previously filed as Exhibit 3.1to the Quarterly Report on Form 10-Q (File No. 1-7410) for the quarter ended September 30, 1999, and incorporated herein by reference.
4.2
By-Laws of Mellon Financial Corporation, as amended, effective October 19, 1999.
Previously filed as Exhibit 3.2 to the Quarterly Report on Form 10-Q (File No. 1-7410) for the quarter ended September 30, 1999, and incorporated herein by reference.
4.3
Shareholder Protection Rights Agreement between Mellon Financial Corporation and Mellon Bank, N.A., as Rights Agent, dated as of Oct. 15, 1996, as amended and restated as of
Oct. 19, 1999.
Previously filed as Exhibit 1 to Form 8-A/A Registration Statement (File No. 1
-
7410) dated
October 19, 1999, and incorporated herein by reference.
5.1
Opinion of Carl Krasik, Esq. as to the legality of the Common Stock being registered.
Filed herewith
15.1
Consent of KPMG LLP.
Filed herewith
23.1
Consent of Carl Krasik, Esq. (included in Exhibit 5.1).
Filed herewith.
24.1
Powers of Attorney.
Filed herewith.