content: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(d) OF
                         THE SECURITIES EXCHANGE ACT OF 1934
  
                         Date of Report: October 11, 2001
                         (Date of earliest event reported)
  
                                    PAYCHEX, INC.
            (Exact name of registrant as specified in its charter)
  
           DELAWARE                0-11330                 16-1124166
    (State of incorporation)      (Commission            (IRS Employer
                                   File Number)           Identification Number)
  
               911 PANORAMA TRAIL SOUTH, ROCHESTER, NEW YORK 14625-0397
                 (Address of principal executive offices)     (Zip Code)
  
                                   (716) 385-6666
               (Registrant's telephone number, including area code)
  
  
  
  <PAGE>
  
  
  
  ITEM 9.  REGULATION FD DISCLOSURE
  
  The registrant's press release dated October 11, 2001 is attached. This release
  announces that the Company's Board of Directors has declared an increase in the
  Company's quarterly dividend from $.09 per share to $.11 per share payable
  November 15, 2001 to shareholders of record November 1, 2001.
  
  
  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 thereunto duly authorized.
  
                                    PAYCHEX, INC.
  
  Date:     October 12, 2001
                                                   /s/ B. Thomas Golisano
                                                   -----------------------
                                                   B. Thomas Golisano
                                                   Chairman, President and
                                                   Chief Executive Officer
  
  Date:     October 12, 2001
                                                   /s/ John M. Morphy
                                                   -----------------------
                                                   John M. Morphy
                                                   Vice President, Chief
                                                   Financial Officer and
                                                   Secretary
  
  
  <PAGE>
  
  
  FOR IMMEDIATE RELEASE
  
                  John M. Morphy, Chief Financial Officer
                  Paychex, Inc.      716-385-6666
                     or
                  Jan Shuler
                  Paychex, Inc.      716-383-3406
                  Access Paychex, Inc. News Releases on the World Wide Web
                  http://www.businesswire.com  or  http://www.paychex.com
  
  
  
                  PAYCHEX ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
  
  
           ROCHESTER, N.Y., October 11, 2001 - The Board of Directors of Paychex,
  Inc. (NASDAQ-PAYX) has declared a increase in the company's quarterly dividend
  from $.09 per share to $.11 per share payable November 15, 2001 to shareholders
  of record November 1, 2001.
           Paychex, Inc. is a leading national provider of payroll, human
  resource, and benefits outsourcing solutions for small- to medium-sized
  businesses. The company offers comprehensive payroll services, including payroll
  processing, payroll tax administration, and employee pay services, including
  direct deposit, check signing, and Readychex(Service Mark).
           Human resource and benefits outsourcing services include 401(k) plan
  recordkeeping, workers' compensation administration, section 125 plans, a
  professional employer organization, and other administrative services for
  business. Paychex was founded in 1971. Headquartered in Rochester, New York, the
  company has more than 100 offices nationwide.
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metadata_filer: {"company-data": {"conformed-name": "PAYCHEX INC", "cik": "0000723531", "assigned-sic": "8700", "irs-number": "161124166", "state-of-incorporation": "DE", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11330", "film-number": "1757924"}, "business-address": {"street1": "911 PANORAMA TRAIL S", "city": "ROCHESTER", "state": "NY", "zip": "14625-0397", "phone": "7163856666"}, "mail-address": {"street1": "911 PANORAMA TRAIL SOUTH", "city": "ROCHESTER", "state": "NY", "zip": "14625-0397"}}
text: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(d) OF
                         THE SECURITIES EXCHANGE ACT OF 1934
  
                         Date of Report: October 11, 2001
                         (Date of earliest event reported)
  
                                    PAYCHEX, INC.
            (Exact name of registrant as specified in its charter)
  
           DELAWARE                0-11330                 16-1124166
    (State of incorporation)      (Commission            (IRS Employer
                                   File Number)           Identification Number)
  
               911 PANORAMA TRAIL SOUTH, ROCHESTER, NEW YORK 14625-0397
                 (Address of principal executive offices)     (Zip Code)
  
                                   (716) 385-6666
               (Registrant's telephone number, including area code)
  ITEM 9.  REGULATION FD DISCLOSURE
  
  The registrant's press release dated October 11, 2001 is attached. This release
  announces that the Company's Board of Directors has declared an increase in the
  Company's quarterly dividend from $.09 per share to $.11 per share payable
  November 15, 2001 to shareholders of record November 1, 2001.
  
  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 thereunto duly authorized.
  
                                    PAYCHEX, INC.
  
  Date:     October 12, 2001
                                                   /s/ B. Thomas Golisano
                                                   -----------------------
                                                   B. Thomas Golisano
                                                   Chairman, President and
                                                   Chief Executive Officer
  
  Date:     October 12, 2001
                                                   /s/ John M. Morphy
                                                   -----------------------
                                                   John M. Morphy
                                                   Vice President, Chief
                                                   Financial Officer and
                                                   Secretary
  FOR IMMEDIATE RELEASE
  
                  John M. Morphy, Chief Financial Officer
                  Paychex, Inc.      716-385-6666
                     or
                  Jan Shuler
                  Paychex, Inc.      716-383-3406
                  Access Paychex, Inc. News Releases on the World Wide Web
                  http://www.businesswire.com  or  http://www.paychex.com
  
                  PAYCHEX ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
  
           ROCHESTER, N.Y., October 11, 2001 - The Board of Directors of Paychex,
  Inc. (NASDAQ-PAYX) has declared a increase in the company's quarterly dividend
  from $.09 per share to $.11 per share payable November 15, 2001 to shareholders
  of record November 1, 2001.
           Paychex, Inc. is a leading national provider of payroll, human
  resource, and benefits outsourcing solutions for small- to medium-sized
  businesses. The company offers comprehensive payroll services, including payroll
  processing, payroll tax administration, and employee pay services, including
  direct deposit, check signing, and Readychex(Service Mark).
           Human resource and benefits outsourcing services include 401(k) plan
  recordkeeping, workers' compensation administration, section 125 plans, a
  professional employer organization, and other administrative services for
  business. Paychex was founded in 1971. Headquartered in Rochester, New York, the
  company has more than 100 offices nationwide.