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    <td><div align="center"><B><FONT size=2 face="serif">As filed with the Securities and Exchange
    Commission on August 17, 2007</FONT></B><FONT face="serif"> </FONT></div></td>
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    <td><div align="right"><B><FONT size=2 face="serif">Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></div></td>
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<B><FONT size=4 face="serif">UNITED STATES </FONT></B><BR>
<B><FONT size=4 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B><B><FONT size=5 face="serif"> </FONT></B><FONT face="serif"> </FONT><BR>
<B><FONT face="serif">Washington, D.C. 20549</FONT></B>&nbsp;</P>


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<P align="center">  <B><FONT size=5 face="serif">FORM S-8 </FONT></B><FONT face="serif"> </FONT><BR>
  <B><FONT size=5 face="serif">REGISTRATION STATEMENT </FONT></B><FONT face="serif"> </FONT><BR>
  <B><I><FONT face="serif">UNDER </FONT></I></B><FONT face="serif"></FONT><BR>
<B><I><FONT face="serif">THE SECURITIES ACT OF 1933</FONT></I></B><br><br>


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  <B><FONT size=6 face="serif">PITNEY BOWES INC.</FONT></B><FONT face="serif"> </FONT><BR>
  <B>&nbsp;<FONT size=1 face="serif">(Exact Name of Registrant as Specified in Its
  Charter)<br></FONT>&nbsp;</B>


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	<TD width="2%">&nbsp;
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<B><FONT size=2 face="serif">World Headquarters</FONT></B>
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	<TD width="2%">&nbsp;
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	<TD width=32% align=left nowrap>&nbsp;

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	<TD align=left nowrap>&nbsp;

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<B><FONT size=2 face="serif">1 Elmcroft Road</FONT></B>
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<B><FONT size=2 face="serif">Stamford, CT 06926-0700</FONT></B>
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<B><FONT size=2 face="serif">Delaware</FONT></B>
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	<TD>&nbsp;
	</TD>
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<B><FONT size=2 face="serif">Telephone Number: (203) 356-5000</FONT></B>
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	<TD>&nbsp;
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<B><FONT size=2 face="serif">06-0495050</FONT></B>
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<B><FONT size=1 face="serif">(State or Other Jurisdiction of</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center nowrap>
<B><FONT size=1 face="serif">(Address of Principal Executive Offices Including Zip Code)</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
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<B><FONT size=1 face="serif">(I.R.S. Employer</FONT></B>
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<B><FONT size=1 face="serif">Incorporation or Organization)</FONT></B>
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	<TD>&nbsp;
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<B><FONT size=1 face="serif">Identification No.)</FONT></B>
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<P align="center">
<B><FONT face="serif">Pitney Bowes Inc. 2007 Stock Plan</FONT></B><FONT face="serif"> </FONT><BR>
<B><FONT size=1 face="serif">(Full Title of the Plan) </FONT></B><FONT face="serif"> </FONT></P>

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  <B><FONT size=2 face="serif">Michele Coleman Mayes </FONT></B><BR>
  <B><FONT size=2 face="serif">Senior Vice President and General Counsel </FONT></B><BR>
  <B><FONT size=2 face="serif">Pitney Bowes Inc. </FONT></B><BR>
  <B><FONT size=2 face="serif">World Headquarters </FONT></B><BR>
  <B><FONT size=2 face="serif">1 Elmcroft Road </FONT></B><BR>
  <B><FONT size=2 face="serif">Stamford, CT 06926-0700 </FONT></B><BR>
  <B><FONT size=2 face="serif">(203) 356-5000</FONT></B><FONT face="serif"> </FONT><BR>
  <B><FONT size=1 face="serif">(Name, Address and Telephone Number of Agent For Service)</FONT></B></P>
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<B><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B></P>
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<B><FONT size=1 face="serif">Proposed Maximum</FONT></B>
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<B><FONT size=1 face="serif">Proposed Maximum</FONT></B>
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	<TD align=left nowrap>&nbsp;

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<B><FONT size=1 face="serif">Title of Securities</FONT></B>
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<B><FONT size=1 face="serif">Amount to be</FONT></B>
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<B><FONT size=1 face="serif">Offering Price</FONT></B>
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<B><FONT size=1 face="serif">Aggregate</FONT></B>
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<B><FONT size=1 face="serif">Amount of</FONT></B>
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	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">to be Registered</FONT></B></TD><TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">Registered</FONT></B><B><SUP><FONT size=1 face="serif">(1)</FONT></SUP></B></TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">Per Share</FONT></B><B><SUP><FONT size=1 face="serif">(2)</FONT></SUP></B></TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">Offering Price</FONT></B><B><SUP><FONT size=1 face="serif">(2)</FONT></SUP></B></TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">Registration Fee</FONT></B><B><SUP><FONT size=1 face="serif">(2)</FONT></SUP></B></TD>
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<B><FONT size=2 face="serif">Common Stock, &#36;1 par value </FONT></B>
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<B><FONT size=2 face="serif">26,937,586</FONT></B>
	</TD>
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<B><FONT size=2 face="serif">$45.66</FONT></B>
	</TD>
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<B><FONT size=2 face="serif">$1,229,970,176</FONT></B>
	</TD>
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 &nbsp;<B><FONT size=2 face="serif">$37,760.08</FONT></B>
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 &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="serif"></FONT></B>
 <B><FONT size=2 face="serif">per share</FONT></B>	</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="serif">shares</FONT></B>
	</TD>
	<TD align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>&nbsp;

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<FONT size=2 face="serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<FONT size=2 face="serif">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also registers such additional shares of Common Stock that become available under the foregoing plan
in connection with changes in the number of outstanding Common Stock because of events such as recapitalizations, stock dividends, stock splits and reverse stock splits, and any other securities with respect to which the outstanding Shares are
converted or exchanged.</FONT>	</TD>
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<FONT size=2 face="serif">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<FONT size=2 face="serif">Estimated solely for the purpose of calculating the registration fee. The registration fee has been calculated in accordance with Rule 457(h)(1) and Rule 457(c) of the Securities Act based upon the average of the high and
low prices for the Registrant's Common Stock, par value &#36;1 per share, on August 13, 2007 as reported by the New York Stock Exchange, which was &#36;45.66.</FONT>	</TD>
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<P align="center"><B><FONT size=2 face="serif">INTRODUCTION </FONT></B><FONT face="serif"> </FONT></P>
<P align="left">
<FONT size=1 face="serif"> </FONT><FONT size=2 face="serif">This Registration Statement on Form S-8 is filed by Pitney Bowes Inc., a Delaware corporation (the &#147;Registrant&#148; or the &#147;Company&#148;)
relating to up to 26,937,586 shares of the Company&#146;s Common Stock, par value &#36;1 per share (the &#147;Common Stock&#148;), to be issued under the Pitney Bowes Inc. 2007 Stock Plan (the "Plan"). </FONT><FONT size=1 face="serif"> </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">PART I </FONT></B><FONT face="serif"> </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </FONT></B><FONT face="serif"> </FONT></P>
<P align="left">
<FONT size=2 face="serif">Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form
S-8. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B><FONT face="serif"> </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B></P>

<p>
<FONT face="serif"> </FONT><B><FONT size=2 face="serif">Item 3. Incorporation of
Documents by Reference.</FONT></B></P>
<P align="left">
<FONT size=1 face="serif"> </FONT><FONT size=2 face="serif">The following documents previously filed with the Securities and Exchange Commission (&#147;Commission&#148;) are hereby incorporated by reference into this
Registration Statement:</FONT></P>
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  <TD nowrap valign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
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<FONT size=2 face="serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
	<TD width=100%>
<FONT size=2 face="serif">The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Commission on March 1, 2007.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
  <TD nowrap valign=top>&nbsp;</TD>
	<TD nowrap valign=top>
<FONT size=2 face="serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
	<TD width=100%>
<FONT size=2 face="serif">The description of the Common Stock set forth under the caption &#147;Description of Registrant&#146;s Securities to be Registered&#148; in the Registrant&#146;s Registration Statement on Form 8-A filed with
the Commission on February 16, 1996 and as amended on January 16, 1998 and December 19, 2003.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT size=2 face="serif">All reports and other documents that the Registrant subsequently files with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities and Exchange Act of 1934 (the &#147;Exchange
Act&#148;), prior to the filing of a post-effective amendment indicating that the Company has sold all of the securities offered under this Registration Statement or that deregisters the distribution of all such securities then remaining unsold,
shall be deemed to be incorporated by reference into this Registration Statement from the date that the Company files such report or document. </FONT></P>

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<P align="left">
<FONT size=2 face="serif">Any statement contained in this Registration Statement or any report or document incorporated into this Registration Statement by reference, however, shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained in a subsequently dated report or document that is also considered part of this Registration Statement, or in any amendment to this Registration Statement, is inconsistent with such
prior statement, provided, however, that the documents enumerated above or subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act in each year during which the offering made by this Registration
Statement is in effect prior to the filing with the Commission of the Registrant&#146;s Annual Report on Form 10-K covering such year shall not be Incorporated Documents or be incorporated by reference in this Registration Statement or be a part
hereof from and after the filing of such Annual Report on Form 10-K. </FONT></P>
<P align="left">
<FONT size=2 face="serif">The Registrant&#146;s Exchange Act file number with the Commission is 001-03579.</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 4. Description of Securities. </FONT></B></P>

<P align="left">
<FONT size=2 face="serif">Not applicable. </FONT><FONT face="serif"> </FONT></P>

<P align="left">
<B><FONT size=2 face="serif">Item 5. Interests of Named Experts and Counsel. </FONT></B><FONT face="serif"> </FONT></P>
<P align="left">
<FONT size=2 face="serif">Not applicable. </FONT><FONT face="serif"> </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 6. Indemnification of Directors and Officers.</FONT></B></P>
<P align="left">
<FONT size=2 face="serif">Section 145 of the Delaware General Corporation Law allows for indemnification of any person who has been made, or threatened to be made, a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative by reason of the fact that he or she is or was serving as a director, officer, employee or agent of the registrant or by reason of the fact that he or she is or was serving at the request of the
registrant as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. In certain circumstances, indemnity may be provided against expenses (including attorneys&#146; fees), judgments,
fines and amounts paid in settlement if the person acted in good faith and in the manner reasonably believed by him to be in, or not opposed to, the best interests of the registrant and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. In any proceeding by or in the right of the registrant, no indemnification may be made if the person is found to be liable to the corporation, unless and only to the extent the court in which the
proceeding is brought or the Delaware Court of Chancery orders such indemnification.</FONT></P>
<P align="left">
<FONT size=2 face="serif">Section 102(b)(7) of the Delaware General Corporation Law provides that a certificate of incorporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of the director&#146;s duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 (relating to liability for unauthorized acquisitions or redemptions of, or dividends on,
capital stock) of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived an improper personal benefit. The Company&#146;s Restated Certificate of Incorporation includes a provision limiting such
liability.</FONT></P>
<P align="left">
<FONT size=2 face="serif">The Restated Certificate of Incorporation of the Company provides that each person who was or is made a party to or is threatened to be made a party to or is involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative (a &#147;proceeding&#148;), by reason of the fact that he or she, or a person of whom he or she is the legal representative, is or was a director or officer of the Company or is or was serving at the request
of the Company as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether the basis of such proceeding is alleged
action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, officer, employee or agent, shall be indemnified and held harmless by the Company to the fullest extent authorized by the
Delaware General Corporation Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than said law permitted
the Company to provide prior to such amendment), against all expense, liability</FONT></P>

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<P align="left">
<FONT size=2 face="serif">and loss (including attorneys&#146; fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by such person in connection therewith and such
indemnification shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of his or her heirs, executors and administrators. Such right to indemnification is a contract right and
includes the right to be paid by the Company the expenses incurred in defending any such proceeding in advance of its final disposition; provided, however, that, if the Delaware General Corporation Law requires, the payment of such expenses incurred
by a director or officer in his or her capacity as a director or officer (and not in any other capacity in which service was or is rendered by such person while a director or officer, including, without limitation, service to an employee benefit
plan) in advance of the final disposition of a proceeding, shall be made only upon delivery to the Company of an undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined that
such director or officer is not entitled to such indemnity.</FONT></P>
<P align="left">
<FONT size=2 face="serif">The foregoing statements are specifically made subject to the detailed provisions of the Delaware General Corporation Law and the Restated Certificate of Incorporation of the Company.</FONT></P>
<P align="left">
<FONT size=2 face="serif">The Company has a directors and officers liability insurance policy that will reimburse the Company for any payments that it shall make to directors and officers pursuant to law or the indemnification provisions of its
Restated Certificate of Incorporation and that will, subject to certain exclusions contained in the policy, further pay any other costs, charges and expenses and settlements and judgments arising from any proceeding involving any director or officer
of the Company in his or her past or present capacity as such, and for which he may be liable, except as to any liabilities arising from acts that are deemed to be uninsurable.</FONT></P>
<P align="left">
<FONT size=2 face="serif">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, the Company has been informed
that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 7. Exemption from Registration Claimed. </FONT></B><FONT face="serif"> </FONT><BR>
<BR>
<FONT size=2 face="serif">Not applicable. </FONT><FONT face="serif"> </FONT><BR>
<BR>
<B><FONT size=2 face="serif">Item 8. Exhibits. </FONT></B><FONT face="serif"> </FONT></P>
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  <TD width="4%" align=right nowrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
	<TD width="11%" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">Exhibit No.</FONT></B>
	</TD>
	<TD width="2%">&nbsp;
	</TD>
	<TD width="7%" align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=1 face="serif">Description</FONT></B>
	</TD>
    <TD width="76%" align=left nowrap>&nbsp;</TD>
</TR>
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	<TD colspan=5>&nbsp;

	</TD>
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  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">4.1</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Restated Certificate of Incorporation, as amended</FONT>
	</TD>
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<TR valign="bottom">
  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">4.2</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Certificate of Amendment to the Restated Certificate of Incorporation</FONT>
	</TD>
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  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">4.3</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Amended and Restated By-laws</FONT>
	</TD>
</TR>
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  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">5.1</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Opinion of Lori Zyskowski, Esq.</FONT>
	</TD>
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<TR valign="bottom">
  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">10.1</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Pitney Bowes Inc. 2007 Stock Plan</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">23.1</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Consent of Lori Zyskowski, Esq. (contained in Exhibit 5.1)</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=center nowrap>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="serif">23.2</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left nowrap>
<FONT size=2 face="serif">Consent of PricewaterhouseCoopers LLP</FONT>
	</TD>
</TR>
</TABLE>
<P align="left">
<B><FONT size=2 face="serif">Item 9. Undertakings. </FONT></B><FONT face="serif"> </FONT><BR>
<BR>
<FONT size=2 face="serif">1. The undersigned Registrant hereby undertakes: </FONT><FONT face="serif"> </FONT></P>
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    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td colspan="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a)
        To file, during any period in which offers or sales are being made, a
    post-effective amendment to this Registration Statement:</FONT></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td><p><FONT size=2 face="serif">(i)
          To include any prospectus required by Section 10(a)(3) of the Securities
          Act; </FONT><FONT face="serif"> </FONT></p>
      <p><FONT size=2 face="serif">(ii)
            To reflect in the prospectus any facts or events arising after the effective
            date of this 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. Notwithstanding the foregoing, any increase or decrease in
    volume </FONT></p></td>
  </tr>
</table>
<P align="left">&nbsp;</P>

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<P STYLE="page-break-before:always"></P><PAGE><br>


<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td><P align="left"><FONT size=2 face="serif">of securities offered (if the
          total dollar value of securities offered would not exceed that which
          was registered) and any deviation from the low or high end of the estimated
          maximum offering range may be reflected in the form of prospectus filed
          with the Commission pursuant to Rule 424(b) if, in the aggregate, the
          changes in volume and price represent no more than a 20% change in
          the maximum aggregate offering price set forth in the &#147;Calculation
          of Registration Fee&#148; table in the effective registration statement;
          and </FONT></P>
      <P align="left"><FONT size=2 face="serif">(iii) To include any material
          information with respect to the plan of distribution not previously
          disclosed in this Registration Statement or any material change to
          such information in this Registration Statement; </FONT> <I><FONT size=2 face="serif"></FONT></I></P>
    </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td colspan="2"><P align="left"><I><FONT size=2 face="serif">Provided, however</FONT></I><FONT size=2 face="serif">,
          that paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information
          required to be included in a post-effective amendment by those paragraphs
          is contained in periodic reports filed with or furnished to the Commission
          by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange
          Act that are incorporated by reference in this Registration Statement; </FONT><FONT face="serif"> </FONT></P>      <P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b)
            That, for the purpose of determining any liability under the Securities
            Act, 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 </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering
            thereof; and </FONT></P>      <P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c)
              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> <FONT size=2 face="serif"></FONT></P></td>
  </tr>
</table>
<P align="left">
  <FONT size=2 face="serif">2. The undersigned Registrant hereby undertakes that,
  for purposes of determining any liability under the Securities Act, each filing
  of the Registrant&#146;s annual report pursuant to Section 13(a) or Section
  15(d) of the Exchange Act 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 </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof. </FONT><FONT face="serif"> </FONT></P>
<P align="left">
<FONT size=2 face="serif">3. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other
than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company 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 Company 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 Securities Act and will be governed by the final adjudication of such issue. </FONT><FONT face="serif"> </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">[SIGNATURES ON THE NEXT PAGE] </FONT></B><FONT face="serif"> </FONT></P>

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<P STYLE="page-break-before:always"></P><PAGE><br>


<P align="center">
<B><FONT size=2 face="serif">SIGNATURES </FONT></B><FONT face="serif"> </FONT></P>
<P align="left">
<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of 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 Stamford, State of Connecticut, on this 17</FONT><SUP><FONT size=2 face="serif">th</FONT></SUP><FONT size=2 face="serif"> day of August,
2007.</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="70%" align=left nowrap>&nbsp;</TD>
  <TD colspan="2" align=left nowrap><B><FONT size=2 face="serif">PITNEY BOWES INC.</FONT></B> </TD>
  </TR>
<TR valign="bottom">
  <TD width=70% align=left nowrap>&nbsp;</TD>
	<TD width="4%" align=left nowrap>&nbsp;

	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">(Registrant)</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
  <TD width=70% align=left nowrap>&nbsp;</TD>
	<TD width="4%" align=left nowrap>
<FONT size=2 face="serif">By:</FONT>
	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Murray D. Martin</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width="70%" align=left nowrap>&nbsp;</TD>
  <TD width="4%" align=left nowrap><FONT size=2 face="serif">Name:&nbsp;</FONT></TD>
  <TD align=left nowrap><FONT size=2 face="serif"> Murray D. Martin</FONT> </TD>
</TR>
<TR valign="bottom">
  <TD width="70%" align=left nowrap>&nbsp;</TD>
  <TD width="4%" align=left nowrap><FONT size=2 face="serif">Title:</FONT></TD>
  <TD align=left nowrap><FONT size=2 face="serif"> President and Chief
    Executive</FONT> </TD>
</TR>
<TR valign="bottom">
  <TD width=70% align=left nowrap></TD>
	<TD width="4%" align=left nowrap></TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Officer</FONT></TD>
</TR>
</TABLE>
<BR>

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<P STYLE="page-break-before:always"></P><PAGE><br>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="33%" align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">Name
          and Signature</FONT></B> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="33%" align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">Title</FONT></B> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%" align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">Date</FONT></B> </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">President and Chief Executive</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Officer (Principal Executive</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Murray D. Martin</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Officer) and Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Murray D. Martin</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Executive Vice President
        and Chief</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Financial Officer (Principal</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Bruce P. Nolop</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Financial Officer)</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Bruce P. Nolop</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Vice President - Finance
        and Chief</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Accounting Officer</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Steven J. Green</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">(Principal Accounting Officer)</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17 ,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Steven J. Green</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Michael J. Critelli</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Executive Chairman</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Michael J. Critelli</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Linda G. Alvarado</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Linda G. Alvarado</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Anne S. Fuchs</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Anne S. Fuchs</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Ernie Green</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Ernie Green</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        James H. Keyes</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">James H. Keyes</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        John S. McFarlane</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">John S. McFarlane</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Eduardo R. Menasc&eacute;</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Eduardo R. Menasc&eacute;</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Michael I. Roth</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Michael I. Roth</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        David L. Shedlarz</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">David L. Shedlarz</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        David B. Snow, Jr.</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">David B. Snow, Jr.</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Robert E. Weissman</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Director</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=center nowrap><FONT size=2 face="serif">August 17,
        2007</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">Robert E. Weissman</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="20%" align=left nowrap>&nbsp;</TD>
  </TR>
</TABLE>
<BR>

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<P STYLE="page-break-before:always"></P><PAGE><br>


<P align="center">
<B><FONT size=2 face="serif">EXHIBIT INDEX </FONT></B><FONT face="serif"> </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="10%" align=left valign="top" nowrap></TD>
    <TD width="2%"></TD>
    <TD colspan="2" align=left valign="top"></TD>
    <TD width="0%"></TD>
    <TD width="9%" align=center nowrap><B><FONT size=1 face="serif">Sequentially</FONT></B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top" nowrap></TD>
    <TD width="2%"></TD>
    <TD colspan="2" align=left valign="top"></TD>
    <TD></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Numbered</FONT></B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" nowrap style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">Exhibit
          No.</FONT></B></TD>
    <TD width="2%" valign="bottom"></TD>
    <TD width="7%" align=left valign="bottom" style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">Description</FONT></B></TD>
    <TD width="74%" align=left valign="bottom"></TD>
    <TD></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">Page</FONT></B></TD>
  </TR>
  <TR>
    <TD colspan=6 valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">4.1</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Restated
        Certificate of Incorporation, as amended, incorporated by reference to
        Exhibit (3)(a) to Form 10-Q as filed with the Commission on August 14,
        1996 (Commission file number 1-3579).</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">N/A</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD colspan=6 align=center valign="top"><FONT size=2 face="serif">&nbsp;</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">4.2</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Certificate
        of Amendment to the Restated Certificate of Incorporation (as amended
        May 29, 1996), incorporated by reference to Exhibit (3)(a.1) to</FONT> <FONT size=2 face="serif">Form
        10-K as filed with the Commission on March 27, 1998 (Commission file
        number 1-3579).</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">N/A</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=6 valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">4.3</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Amended
        and Restated By-laws, incorporated by reference to Exhibit 3(ii) to Form
        10-Q as filed with the Commission on August 6, 2007 (Commission file
        number 1-3579).</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">N/A</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=6 valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">5.1</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Opinion
        of Lori Zyskowski, Esq.</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">10</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=6 valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">10.1</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Pitney
        Bowes Inc. 2007 Stock Plan, incorporated by reference to Exhibit 10.1
        to Form 10-Q as filed with the Commission on August 6, 2007 (Commission
        file number 1-3579).</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">N/A</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=6 valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">23.1</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Consent
        of Lori Zyskowski, Esq. (contained in Exhibit 5.1).</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">N/A</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=6 valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top" nowrap><FONT size=2 face="serif">23.2</FONT> </TD>
    <TD width="2%">&nbsp;</TD>
    <TD colspan="2" align=left valign="top"><FONT size=2 face="serif">Consent
        of PricewaterhouseCoopers LLP.</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">12</FONT> </TD>
  </TR>
</TABLE>
<BR>

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c49886_s-8.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
As filed with the Securities and Exchange
    Commission on August 17, 2007
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PITNEY BOWES INC.
(Exact Name of Registrant as Specified in Its
  Charter)
World Headquarters
1 Elmcroft Road
Stamford, CT 06926-0700
Delaware
Telephone Number: (203) 356-5000
06-0495050
(State or Other Jurisdiction of
(Address of Principal Executive Offices Including Zip Code)
(I.R.S. Employer
Incorporation or Organization)
Identification No.)
Pitney Bowes Inc. 2007 Stock Plan
(Full Title of the Plan)
Michele Coleman Mayes
Senior Vice President and General Counsel
Pitney Bowes Inc.
World Headquarters
1 Elmcroft Road
Stamford, CT 06926-0700
(203) 356-5000
(Name, Address and Telephone Number of Agent For Service)
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Title of Securities
Amount to be
Offering Price
Aggregate
Amount of
to be Registered
Registered
(1)
Per Share
(2)
Offering Price
(2)
Registration Fee
(2)
Common Stock, $1 par value
26,937,586
$45.66
$1,229,970,176
$37,760.08
per share
shares
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also registers such additional shares of Common Stock that become available under the foregoing plan
in connection with changes in the number of outstanding Common Stock because of events such as recapitalizations, stock dividends, stock splits and reverse stock splits, and any other securities with respect to which the outstanding Shares are
converted or exchanged.
(2)
Estimated solely for the purpose of calculating the registration fee. The registration fee has been calculated in accordance with Rule 457(h)(1) and Rule 457(c) of the Securities Act based upon the average of the high and
low prices for the Registrant's Common Stock, par value $1 per share, on August 13, 2007 as reported by the New York Stock Exchange, which was $45.66.
INTRODUCTION
This Registration Statement on Form S-8 is filed by Pitney Bowes Inc., a Delaware corporation (the "Registrant" or the "Company")
relating to up to 26,937,586 shares of the Company's Common Stock, par value $1 per share (the "Common Stock"), to be issued under the Pitney Bowes Inc. 2007 Stock Plan (the "Plan").
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form
S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of
Documents by Reference.
The following documents previously filed with the Securities and Exchange Commission ("Commission") are hereby incorporated by reference into this
Registration Statement:
1.
The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Commission on March 1, 2007.
2.
The description of the Common Stock set forth under the caption "Description of Registrant's Securities to be Registered" in the Registrant's Registration Statement on Form 8-A filed with
the Commission on February 16, 1996 and as amended on January 16, 1998 and December 19, 2003.
All reports and other documents that the Registrant subsequently files with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities and Exchange Act of 1934 (the "Exchange
Act"), prior to the filing of a post-effective amendment indicating that the Company has sold all of the securities offered under this Registration Statement or that deregisters the distribution of all such securities then remaining unsold,
shall be deemed to be incorporated by reference into this Registration Statement from the date that the Company files such report or document.
Any statement contained in this Registration Statement or any report or document incorporated into this Registration Statement by reference, however, shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained in a subsequently dated report or document that is also considered part of this Registration Statement, or in any amendment to this Registration Statement, is inconsistent with such
prior statement, provided, however, that the documents enumerated above or subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act in each year during which the offering made by this Registration
Statement is in effect prior to the filing with the Commission of the Registrant's Annual Report on Form 10-K covering such year shall not be Incorporated Documents or be incorporated by reference in this Registration Statement or be a part
hereof from and after the filing of such Annual Report on Form 10-K.
The Registrant's Exchange Act file number with the Commission is 001-03579.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law allows for indemnification of any person who has been made, or threatened to be made, a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative by reason of the fact that he or she is or was serving as a director, officer, employee or agent of the registrant or by reason of the fact that he or she is or was serving at the request of the
registrant as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. In certain circumstances, indemnity may be provided against expenses (including attorneys' fees), judgments,
fines and amounts paid in settlement if the person acted in good faith and in the manner reasonably believed by him to be in, or not opposed to, the best interests of the registrant and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. In any proceeding by or in the right of the registrant, no indemnification may be made if the person is found to be liable to the corporation, unless and only to the extent the court in which the
proceeding is brought or the Delaware Court of Chancery orders such indemnification.
Section 102(b)(7) of the Delaware General Corporation Law provides that a certificate of incorporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 (relating to liability for unauthorized acquisitions or redemptions of, or dividends on,
capital stock) of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived an improper personal benefit. The Company's Restated Certificate of Incorporation includes a provision limiting such
liability.
The Restated Certificate of Incorporation of the Company provides that each person who was or is made a party to or is threatened to be made a party to or is involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative (a "proceeding"), by reason of the fact that he or she, or a person of whom he or she is the legal representative, is or was a director or officer of the Company or is or was serving at the request
of the Company as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether the basis of such proceeding is alleged
action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, officer, employee or agent, shall be indemnified and held harmless by the Company to the fullest extent authorized by the
Delaware General Corporation Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than said law permitted
the Company to provide prior to such amendment), against all expense, liability
and loss (including attorneys' fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by such person in connection therewith and such
indemnification shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of his or her heirs, executors and administrators. Such right to indemnification is a contract right and
includes the right to be paid by the Company the expenses incurred in defending any such proceeding in advance of its final disposition; provided, however, that, if the Delaware General Corporation Law requires, the payment of such expenses incurred
by a director or officer in his or her capacity as a director or officer (and not in any other capacity in which service was or is rendered by such person while a director or officer, including, without limitation, service to an employee benefit
plan) in advance of the final disposition of a proceeding, shall be made only upon delivery to the Company of an undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined that
such director or officer is not entitled to such indemnity.
The foregoing statements are specifically made subject to the detailed provisions of the Delaware General Corporation Law and the Restated Certificate of Incorporation of the Company.
The Company has a directors and officers liability insurance policy that will reimburse the Company for any payments that it shall make to directors and officers pursuant to law or the indemnification provisions of its
Restated Certificate of Incorporation and that will, subject to certain exclusions contained in the policy, further pay any other costs, charges and expenses and settlements and judgments arising from any proceeding involving any director or officer
of the Company in his or her past or present capacity as such, and for which he may be liable, except as to any liabilities arising from acts that are deemed to be uninsurable.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, the Company has been informed
that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No.
Description
4.1
Restated Certificate of Incorporation, as amended
4.2
Certificate of Amendment to the Restated Certificate of Incorporation
4.3
Amended and Restated By-laws
5.1
Opinion of Lori Zyskowski, Esq.
10.1
Pitney Bowes Inc. 2007 Stock Plan
23.1
Consent of Lori Zyskowski, Esq. (contained in Exhibit 5.1)
23.2
Consent of PricewaterhouseCoopers LLP
Item 9. Undertakings.
1. The undersigned Registrant hereby undertakes:
(a)
        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;
(ii)
            To reflect in the prospectus any facts or events arising after the effective
            date of this 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. Notwithstanding the foregoing, any increase or decrease in
    volume
of securities offered (if the
          total dollar value of securities offered would not exceed that which
          was registered) and any deviation from the low or high end of the estimated
          maximum offering range may be reflected in the form of prospectus filed
          with the Commission pursuant to Rule 424(b) if, in the aggregate, the
          changes in volume and price represent no more than a 20% change in
          the maximum aggregate offering price set forth in the "Calculation
          of Registration Fee" table in the effective registration statement;
          and
(iii) To include any material
          information with respect to the plan of distribution not previously
          disclosed in this Registration Statement or any material change to
          such information in this Registration Statement;
Provided, however
,
          that paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information
          required to be included in a post-effective amendment by those paragraphs
          is contained in periodic reports filed with or furnished to the Commission
          by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange
          Act that are incorporated by reference in this Registration Statement;
(b)
            That, for the purpose of determining any liability under the Securities
            Act, 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
(c)
              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.
2. The undersigned Registrant hereby undertakes that,
  for purposes of determining any liability under the Securities Act, each filing
  of the Registrant's annual report pursuant to Section 13(a) or Section
  15(d) of the Exchange Act 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.
3. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other
than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company 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 Company 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 Securities Act and will be governed by the final adjudication of such issue.
[SIGNATURES ON THE NEXT PAGE]
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of 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 Stamford, State of Connecticut, on this 17
th
day of August,
2007.
PITNEY BOWES INC.
(Registrant)
By:
/s/ Murray D. Martin
Name:
Murray D. Martin
Title:
President and Chief
    Executive
Officer
Name
          and Signature
Title
Date
President and Chief Executive
Officer (Principal Executive
/s/
        Murray D. Martin
Officer) and Director
August 17,
        2007
Murray D. Martin
Executive Vice President
        and Chief
Financial Officer (Principal
/s/
        Bruce P. Nolop
Financial Officer)
August 17,
        2007
Bruce P. Nolop
Vice President - Finance
        and Chief
Accounting Officer
/s/
        Steven J. Green
(Principal Accounting Officer)
August 17 ,
        2007
Steven J. Green
/s/
        Michael J. Critelli
Executive Chairman
August 17,
        2007
Michael J. Critelli
/s/
        Linda G. Alvarado
Director
August 17,
        2007
Linda G. Alvarado
/s/
        Anne S. Fuchs
Director
August 17,
        2007
Anne S. Fuchs
/s/
        Ernie Green
Director
August 17,
        2007
Ernie Green
/s/
        James H. Keyes
Director
August 17,
        2007
James H. Keyes
Director
/s/
        John S. McFarlane
August 17,
        2007
John S. McFarlane
/s/
        Eduardo R. Menascé
Director
August 17,
        2007
Eduardo R. Menascé
/s/
        Michael I. Roth
Director
August 17,
        2007
Michael I. Roth
/s/
        David L. Shedlarz
Director
August 17,
        2007
David L. Shedlarz
/s/
        David B. Snow, Jr.
Director
August 17,
        2007
David B. Snow, Jr.
/s/
        Robert E. Weissman
Director
August 17,
        2007
Robert E. Weissman
EXHIBIT INDEX
Sequentially
Numbered
Exhibit
          No.
Description
Page
4.1
Restated
        Certificate of Incorporation, as amended, incorporated by reference to
        Exhibit (3)(a) to Form 10-Q as filed with the Commission on August 14,
        1996 (Commission file number 1-3579).
N/A
4.2
Certificate
        of Amendment to the Restated Certificate of Incorporation (as amended
        May 29, 1996), incorporated by reference to Exhibit (3)(a.1) to
Form
        10-K as filed with the Commission on March 27, 1998 (Commission file
        number 1-3579).
N/A
4.3
Amended
        and Restated By-laws, incorporated by reference to Exhibit 3(ii) to Form
        10-Q as filed with the Commission on August 6, 2007 (Commission file
        number 1-3579).
N/A
5.1
Opinion
        of Lori Zyskowski, Esq.
10
10.1
Pitney
        Bowes Inc. 2007 Stock Plan, incorporated by reference to Exhibit 10.1
        to Form 10-Q as filed with the Commission on August 6, 2007 (Commission
        file number 1-3579).
N/A
23.1
Consent
        of Lori Zyskowski, Esq. (contained in Exhibit 5.1).
N/A
23.2
Consent
        of PricewaterhouseCoopers LLP.
12