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<p ALIGN="CENTER"><font size="2" face="Times New Roman">
As filed with the Securities and Exchange Commission on September 27, 2000
</font></p>

<p ALIGN="right"><font size="2" face="Times New Roman">Registration No. ___-____</font></p>

<hr color="#000000">

<p align="center"><font size="2" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION
<br>
WASHINGTON, D.C. 20549 <br>
______________________ </font></p>

<p align="center"><font size="2" face="Times New Roman">FORM S-8 <br>
REGISTRATION STATEMENT <br>
Under the <br>
SECURITIES ACT OF 1933 </font></p>

<p align="center"><font size="2" face="Times New Roman">______________________ </font></p>

<p align="center"><font size="2" face="Times New Roman">STATE STREET CORPORATION <br>
(Exact Name of Registrant as Specified in Its Charter) </font></p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="50%"><p align="center"><font size="2" face="Times New Roman">MASSACHUSETTS </font></td>
    <td width="50%"><p align="center"><font size="2" face="Times New Roman">04-2456637</font></td>
  </tr>
  <tr>
    <td width="50%"><p align="center"><font size="2" face="Times New Roman">(State or Other
    Jurisdiction of <br>
    Incorporation or Organization)</font></td>
    <td width="50%"><p align="center"><font size="2" face="Times New Roman">(I.R.S. Employer <br>
    Identification No.)</font></td>
  </tr>
</TABLE>
</center></div>

<p align="center"><font size="2" face="Times New Roman">225 Franklin Street, Boston,
Massachusetts 02110 <br>
(Address of Principal Executive Offices) (Zip Code) </font></p>

<p align="center"><font size="2" face="Times New Roman">STATE STREET CORPORATION <br>
1997 EQUITY INCENTIVE PLAN <br>
(Full Title of the Plan) </font></p>

<p align="center"><font size="2" face="Times New Roman">MAUREEN SCANNELL BATEMAN, ESQ. <br>
Executive Vice President and General Counsel <br>
State Street Corporation <br>
225 Franklin Street, Boston, Massachusetts 02110 <br>
(Name and Address of Agent For Service) </font></p>

<p align="center"><font size="2" face="Times New Roman">(617)786-3000 <br>
(Telephone Number, Including Area Code, of Agent For Service) </font></p>

<p align="center"><font size="2" face="Times New Roman">Copy to: </font></p>

<p align="center"><font size="2" face="Times New Roman">ROBERT F. HAYES, ESQ. <br>
Ropes &amp; Gray <br>
One International Place <br>
Boston, Massachusetts 02110 <br>
(617)951-7000 </font></p>

<p align="center"><font size="2" face="Times New Roman">CALCULATION OF REGISTRATION FEE </font></p>

<p align="center">&nbsp;</p>

<hr color="#000000">
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="20%" valign="bottom"><font size="2" face="Times New Roman">Title of Securities <br>
    <u>to be Registered (1)</u></font></td>
    <td width="20%" valign="bottom"><p align="center"><font size="2" face="Times New Roman">Amount
    to be&nbsp;&nbsp;&nbsp; <u><br>
    Registered (1)&nbsp;&nbsp;&nbsp;&nbsp; </u></font></td>
    <td width="20%" valign="bottom"><p align="center"><font size="2" face="Times New Roman">Proposed
    Maximum<br>
    Offering Price&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u><br>
    Per Share (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></font></td>
    <td width="20%" valign="bottom"><p align="center"><font size="2" face="Times New Roman">Proposed
    Maximum<br>
    Aggregate Offering&nbsp;&nbsp; <br>
    <u>Price (2)
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </u></font></td>
    <td width="20%" valign="bottom"><p align="center"><font size="2" face="Times New Roman">Amount
    of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    <u>Registration Fee</u></font></td>
  </tr>
  <tr>
    <td width="20%"><font size="2" face="Times New Roman">Common Stock<br>
    $1 Par Value</font></td>
    <td width="20%" valign="top" align="center"><font size="2" face="Times New Roman">7,900,000
    shares</font></td>
    <td width="20%" valign="top" align="center"><font size="2" face="Times New Roman">$123.875
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font></td>
    <td width="20%" valign="top" align="center"><font size="2" face="Times New Roman">$978,612,500
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
    <td width="20%" valign="top" align="center"><font size="2" face="Times New Roman">$258,354
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
</TABLE>
</center></div>

<p><font size="2" face="Times New Roman">(1)&nbsp; Includes Preferred Share Purchase
Rights. Prior to the occurrence of certain events the Preferred Share Purchase Rights will
not be evidenced separately from the Common Stock. Also includes such additional shares of
Common Stock as may be required in the event of a stock dividend, recapitalization or
other change in the Registrant's capital stock.</font></p>

<p><font size="2" face="Times New Roman">(2)&nbsp; Estimated solely for the purpose of
calculating the registration fee pursuant to Rule 457(h) under the Securities Act of 1933.
The proposed maximum offering price per share and the proposed maximum aggregate offering
price are based upon the average of the high and low price for the Registrant's Common
Stock as reported on the New York Stock Exchange on September 25, 2000.</font></p>

<p>&nbsp;</p>

<p align="center"><font face="Times New Roman">PART II </font></p>

<p align="center"><font face="Times New Roman">INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT <br>
</font></p>

<p><font face="Times New Roman"><strong>Item 3.&nbsp; Incorporation of Documents by
Reference.</strong></font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Registrant hereby incorporates the following documents herein by reference:</font></p>

<blockquote>
  <p><font face="Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's Annual Report
  on Form 10-K for the fiscal year ended December 31, 2000, as filed with the Securities and
  Exchange Commission (the &quot;Commission&quot;) on March 30, 2000.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's Quarterly
  Reports on Form 10-Q for each of the periods ended March 31, 2000 and June 30, 2000, as
  filed with the Commission on May 15, 2000 and August 11, 2000, respectively.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp; The description of the
  Registrant's Common Stock included in the Registrant's effective registration statement
  report on Form 8A, as filed with the Commission on January 18, 1995. </font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">(4)&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's Current
  Report on Form 8-K dated January 7, 2000.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">(5)&nbsp;&nbsp;&nbsp;&nbsp; All other reports filed by the
  Registrant with the Commission pursuant to Section 13(a) or Section 15 (d) of the
  Securities Exchange Act of 1934 (the &quot;Exchange Act&quot;) since the end of the fiscal
  year covered by the Registrant's Annual Report referred to above.</font></p>
</blockquote>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, 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 the registration
statement and to be part thereof from the date of filing of such documents.<br>
</font></p>

<p><font face="Times New Roman"><strong>Item 4. Description of Securities.</strong></font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable.</font></p>

<p align="center"><font face="Times New Roman">- 2 -</font></p>

<p align="left">&nbsp;</p>

<p align="left"><font face="Times New Roman"><strong>Item 5.&nbsp; Interests of Named
Experts and Counsel.</strong></font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The validity of
the shares to be offered hereby will be passed upon for the Registrant by Ropes &amp;
Gray. Truman S. Casner, a partner of Ropes &amp; Gray, is a director of the Registrant and
owns beneficially a total of 17,631 shares of Common Stock of the Registrant. No shares of
Common Stock of the Registrant were owned beneficially by Ropes &amp; Gray attorneys
participating in this matter. Ropes &amp; Gray performs services for the Registrant from
time to time.</font></p>

<p><font face="Times New Roman"><strong><br>
Item 6.&nbsp; Indemnification of Directors and Officers.</strong></font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 67 of
Chapter 156B of the General Laws of Massachusetts provides that to the extent specified in
or authorized by the articles of organization, a by-law adopted by stockholders or a vote
adopted by the holders of the majority of shares of stock entitled to vote on the election
of directors, a corporation may indemnify directors, officers, employees and other agents
of the corporation, (and persons who serve at its request as directors, officers,
employees or other agents of another organization or in any capacity with respect to any
employee benefit plan) except as to any matter as to which such person shall have been
adjudicated in any proceeding not to have acted in good faith in the reasonable belief
that the action was in the best interest of the corporation or the participants or
beneficiaries of such employee benefit plan.</font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Restated
Articles of Organization of the Registrant (Article 6) provide the following:</font></p>

<blockquote>
  <p><font face="Times New Roman">The Corporation shall to the fullest extent legally
  permissible indemnify each person who is or was a director, officer, employee or other
  agent of the corporation and each person who is or was serving at the request of the
  corporation as a director, trustee, officer, employee or other agent of another
  corporation or of any partnership, joint venture, trust, employee benefit plan or other
  enterprise or organization against all liabilities, costs and expenses, including but not
  limited to amounts paid in satisfaction of judgments, in settlement or as fines and
  penalties, and counsel fees and disbursements, reasonably incurred by him in connection
  with the defense or disposition of or otherwise in connection with or resulting from any
  action, suit or other proceeding, whether civil, criminal, administrative or
  investigative, before any court or administrative or legislative or investigative body, in
  which he may be or may have been involved as a party or otherwise or with which he may be
  or may </font></p>
  <p align="center"><font face="Times New Roman">- 3 -</font></p>
  <p><font face="Times New Roman">have been threatened, while in office or thereafter, by
  reason of his being or having been such a director, officer, employee, agent or trustee,
  or by reason of any action taken or not taken in any such capacity, except with respect to
  any matter as to which he shall have been finally adjudicated by a court of competent
  jurisdiction not to have acted in good faith in the reasonable belief that his action was
  in the best interests of the corporation (any person serving another organization in one
  or more of the indicated capacities at the request of the corporation who shall not have
  been adjudicated in any proceeding not to have acted in good faith in the reasonable
  belief that his action was in the best interest of such other organization shall be deemed
  so to have acted in good faith with respect to the corporation) or to the extent that such
  matter relates to service with respect to an employee benefit plan, in the best interest
  of the participants or beneficiaries of such employee benefit plan. Expenses, including
  but not limited to counsel fees and disbursements, so incurred by any such person in
  defending any such action, suit or proceeding, shall be paid from time to time by the
  corporation in advance of the final disposition of such action, suit or proceeding upon
  receipt of an undertaking by or on behalf of the person indemnified to repay the amounts
  so paid if it shall ultimately be determined that indemnification of such expenses is not
  authorized hereunder.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">If, in an action, suit or proceeding brought by or in the
  name of the corporation, a director of the corporation is held not liable for monetary
  damages, whether because that director is relieved of personal liability under the
  provisions of this Article Six of the Articles of Organization, or otherwise, that
  director shall be deemed to have met the standard of conduct set forth above and to be
  entitled to indemnification for expenses reasonably incurred in the defense of such
  action, suit or proceeding.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">As to any matter disposed of by settlement by any such
  person, pursuant to a consent decree or otherwise, no such indemnification either for the
  amount of such settlement or for any other expenses shall be provided unless such
  settlement shall be approved as in the best interests of the corporation, after notice
  that it involves such indemnification, (a) by vote of a majority of the disinterested
  directors then in office (even though the disinterested directors be less than a quorum),
  or (b) by any disinterested person or persons to whom the question may be referred by vote
  of a majority of such disinterested directors, or (c) by vote of the holders of a majority
  of the outstanding stock </font></p>
  <p align="center"><font face="Times New Roman">- 4 -</font></p>
  <p><font face="Times New Roman">at the time entitled to vote for directors, voting as a
  single class, exclusive of any stock owned by any interested person, or (d) by any
  disinterested person or persons to whom the question may be referred by vote of the
  holders of a majority of such stock. No such approval shall prevent the recovery from any
  such director, officer, employee, agent or trustee of any amounts paid to him or on his
  behalf as indemnification in accordance with the preceding sentence if such person is
  subsequently adjudicated by a court of competent jurisdiction not to have acted in good
  faith in the reasonable belief that his action was in the best interests of the
  corporation.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">The right of indemnification hereby provided shall not be
  exclusive of or affect any other rights to which any director, officer, employee, agent or
  trustee may be entitled or which may lawfully be granted to him. As used herein, the terms
  &quot;director,&quot; &quot;officer,&quot; &quot;employee,&quot; &quot;agent&quot; and
  &quot;trustee&quot; include their respective executors, administrators and other legal
  representatives, an &quot;interested&quot; person is one against whom the action, suit or
  other proceeding in question or another action, suit or other proceeding on the same or
  similar grounds is then or had been pending or threatened, and a &quot;disinterested&quot;
  person is a person against whom no such action, suit or other proceeding is then or had
  been pending or threatened.</font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">By action of the board of directors, notwithstanding any
  interest of the directors in such action, the corporation may purchase and maintain
  insurance, in such amounts as the board of directors may from time to time deem
  appropriate, on behalf of any person who is or was a director, officer, employee or other
  agent of the corporation, or is or was serving at the request of the corporation as a
  director, trustee, officer, employee or other agent of another corporation or of any
  partnership, joint venture, trust, employee benefit plan or other enterprise or
  organization against any liability incurred by him in any such capacity, or arising out of
  his status as such, whether or not the corporation would have the power to indemnify him
  against such liability.</font></p>
</blockquote>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition,
the Registrant maintains a directors' and officers' liability insurance policy.</font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Article 6 of
the Registrant's Restated Articles of Organization provides that a director of this
corporation shall not be personally liable to the corporation or its stockholders for
monetary damages for breach of fiduciary duty as a director notwithstanding any provision </font></p>

<p align="center"><font face="Times New Roman">- 5 -</font></p>

<p><font face="Times New Roman">of law imposing such liability, provided, however, that
this paragraph of Article Six shall not eliminate the liability of a director to the
extent such liability is imposed by applicable law (i) for any breach of the director's
duty of loyalty to this corporation or its stockholders, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation or law, (iii)
for any transaction from which the director derived an improper personal benefit, or (iv)
for paying a dividend, approving a stock repurchase or making loans which are illegal
under certain provisions of Massachusetts law, as the same exists or hereafter may be
amended.<br>
</font></p>

<p><font face="Times New Roman"><strong>Item 7.&nbsp; Exemption From Registration Claimed.</strong></font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable.</font></p>

<p>&nbsp;</p>

<p><font face="Times New Roman"><strong>Item 8.&nbsp; Exhibits.</strong></font></p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman"><u>Exhibit No.</u></font></td>
    <td width="75%"><font face="Times New Roman"><u>Description<br>
    <br>
    </u></font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">4.1</font></td>
    <td width="75%" valign="top"><font face="Times New Roman">Restated Articles of
    Organization as amended (filed with the Securities and Exchange Commission as Exhibit 3.1
    to Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1995,
    and amendment thereto filed with the Securities and Exchange Commission as Exhibit 3.4 to
    Registrant's Quarterly Report on Form 10-Q for the period ended June 30, 1997, and
    incorporated by reference).<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">4.2</font></td>
    <td width="75%" valign="top"><font face="Times New Roman">By-laws as amended (filed with
    the Securities and Exchange Commission as Exhibit 3.2 to Registrant's Annual Report on
    Form 10-K for the fiscal year ended December 31, 1995, and incorporated by reference).<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">5.1</font></td>
    <td width="75%" valign="top"><font face="Times New Roman">Opinion of Counsel.<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">15.1</font></td>
    <td width="75%" valign="top"><font face="Times New Roman">Letter re unaudited interim
    financial information.<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">23.1</font></td>
    <td width="75%" valign="top"><font face="Times New Roman">Consent of Ernst &amp; Young
    LLP.<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">23.2</font></td>
    <td width="75%" valign="top"><font face="Times New Roman">Consent of Ropes &amp; Gray
    (included in Exhibit 5.1).<br>
    <br>
    </font></td>
  </tr>
</TABLE>
</center></div>

<p align="center"><font face="Times New Roman">- 6 -</font></p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">24.1</font></td>
    <td width="76%" valign="top"><font face="Times New Roman">Power of Attorney (contained in
    Part II hereof under Signature and Power of Attorney).<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="24%" valign="top"><font face="Times New Roman">99.1</font></td>
    <td width="76%" valign="top"><font face="Times New Roman">State Street Corporation 1997
    Equity Incentive Plan, as amended.</font></td>
  </tr>
</TABLE>
</center></div>

<p>&nbsp;</p>

<p><font face="Times New Roman"><strong>Item 9. Undertakings.</strong></font></p>

<p><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp; The undersigned Registrant
hereby undertakes:</font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)
&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 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)
  &nbsp;&nbsp;&nbsp;&nbsp; To include any prospectus required by Section 10(a)(3) of the
  Securities Act of 1933; </font></p>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)
  &nbsp;&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>
</blockquote>

<blockquote>
  <p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (iii)&nbsp;&nbsp;&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; <u>provided, however</u>, that paragraphs (a)(i) and (a)(ii) shall
  not apply if 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.</font></p>
</blockquote>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (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 <u>bona fide</u> offering thereof.</font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (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 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)
&nbsp;&nbsp;&nbsp; The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to </font></p>

<p align="center"><font face="Times New Roman">- 7 -</font></p>

<p><font face="Times New Roman">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 <u>bona
fide</u> offering thereof.</font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)
&nbsp;&nbsp;&nbsp; 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 align="center"><font face="Times New Roman">- 8 -</font></p>

<p>&nbsp;</p>

<p ALIGN="CENTER"><font face="Times New Roman">SIGNATURES AND POWER OF ATTORNEY </font></p>

<p>&nbsp;</p>

<p><font face="Times New Roman">Pursuant to the requirements of the Securities Act of
1933, 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
Boston, the Commonwealth of Massachusetts on September 27, 2000.</font></p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="55%"></td>
    <td width="45%"><p align="left"><font face="Times New Roman">STATE STREET CORPORATION</font></p>
    <p align="left">&nbsp;</td>
  </tr>
  <tr>
    <td width="55%"></td>
    <td width="45%"><p align="left"><font face="Times New Roman">By:<u> /s/Frederick P.
    Baughman
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></font></td>
  </tr>
  <tr>
    <td width="55%"></td>
    <td width="45%"><blockquote>
      <p align="left"><font face="Times New Roman">&nbsp; Frederick P. Baughman<br>
      &nbsp;&nbsp;&nbsp; Senior Vice President, <br>
      Corporate Controller and<br>
      Chief Accounting Officer</font></p>
    </blockquote>
    </td>
  </tr>
</TABLE>
</center></div>

<p>&nbsp;</p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has been signed by
the following persons in the capacities indicated on September 27, 2000</font></p>

<p><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We, the
undersigned officers and directors of State Street Corporation (the
&quot;Corporation&quot;) hereby severally constitute and appoint Ronald L. O'Kelley,
Maureen Scannell Bateman and Frederick P. Baughman, and each of them singly, our true and
lawful attorneys with full power to them, and each of them singly, to sign for us and in
our names in the capacities as indicated, any and all amendments or supplements to the
Registration Statement on Form S-8 of the Corporation, and generally to do all such things
in our name and on our behalf in our capacities as indicated to enable the Corporation to
comply with the provisions of the Securities Act of 1933, as amended, and all requirements
of the Securities and Exchange Commission, hereby ratifying and confirming our signatures
as they may be required by our said attorneys or any of them, to any and all amendments.</font></p>

<p align="center">&nbsp;</p>

<p align="center">&nbsp;</p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="30%" valign="top" align="center"><p align="center"><font size="2"
    face="Times New Roman"><u>Signature</u></font></p>
    <p align="center">&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><p align="left"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <u>Title</u></font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><p align="center"><font face="Times New Roman"><u><small>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/David A. Spina
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </small><br>
    </u><small>David A. Spina</small></font></td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">President , Chief
    Executive Officer and Director <br>
    (Principal Executive Officer)</font><p>&nbsp;</td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><p align="center"><font face="Times New Roman"><u><small>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Ronald L.
    O'Kelley&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </small><br>
    </u><small>Ronald L. O'Kelley</small></font></td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Executive Vice
    President and Chief Financial Officer<br>
    (Principal Financial Officer)</font><p>&nbsp;</td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Frederick P. Baughman &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Frederick P. Baughman</font></td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Senior Vice President,
    Corporate Controller and<br>
    Chief Accounting Officer <br>
    (Principal Accounting Officer)</font><p>&nbsp;</td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Marshall N. Carter&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Marshall N. Carter</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Chairman and Director<br>
    </font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Tenley E. Albright&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Tenley E. Albright</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font face="Times New Roman"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/I. MacAllister Booth
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
    size="4"><br>
    </font></u><small>I. MacAllister Booth</small></font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </u>James I. Cash, Jr.</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Truman S.
    Casner&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Truman S. Casner</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Nader F. Darehshori
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </u>Nader F. Darehshori</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Arthur L. Goldstein&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Arthur L. Goldstein</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/David P. Gruber
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </u>David P. Gruber</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/John M. Kucharski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>John M. Kucharski</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Charles R. LaMantia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Charles R. LaMantia</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font face="Times New Roman"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </font></u><small>Ronald E. Logue</small></font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font face="Times New Roman"><u><small>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Nicholas A. Lopardo&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </small><br>
    </u><small>Nicholas A. Lopardo</small></font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Dennis J. Picard
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </u>Dennis J. Picard</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font face="Times New Roman"><font size="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </u></font><small>Alfred Poe</small></font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Bernard W. Reznicek&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Bernard W. Reznicek</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Richard P. Sergel
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Richard P. Sergel</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Diana Chapman Walsh&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Diana Chapman Walsh</font><p>&nbsp;</td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
  <tr>
    <td width="30%" valign="top" align="center"><font size="2" face="Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/Robert E. Weissman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </u>Robert E. Weissman</font></td>
    <td width="15%" valign="top"></td>
    <td width="55%" valign="top"><font size="2" face="Times New Roman">Director</font></td>
  </tr>
</TABLE>
</center></div>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p align="center"><font face="Times New Roman" size="3"><u>INDEX TO EXHIBITS</u> </font></p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3"><u>Exhibit Number</u></font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3"><u>Exhibit<br>
    <br>
    </u></font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">4.1</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">Restated Articles of
    Organization as amended (filed with the Securities and Exchange Commission as Exhibit 3.1
    to Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1995,
    and amendment thereto filed with the Securities and Exchange Commission as Exhibit 3.4 to
    Registrant's Quarterly Report on Form 10-Q for the period ended June 30, 1997, and
    incorporated by reference).<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">4.2</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">By-laws as amended
    (filed with the Securities and Exchange Commission as Exhibit 3.2 to Registrant's Annual
    Report on Form 10-K for the fiscal year ended December 31, 1995, and incorporated by
    reference).<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">5.1</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">Opinion of Counsel. <br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">15.1</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">Letter re unaudited
    interim financial information. <br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">23.1</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">Consent of Ernst &amp;
    Young LLP.<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">23.2</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">Consent of Ropes &amp;
    Gray (included in Exhibit 5.1) <br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="20%" valign="top"><font face="Times New Roman" size="3">24.1</font></td>
    <td width="10%" valign="top"></td>
    <td width="70%" valign="top"><font face="Times New Roman" size="3">Power of Attorney
    (contained in Part II hereof under Signature and Power of Attorney)<br>
    <br>
    </font></td>
  </tr>
</TABLE>
</center></div>
</body>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "0001.htm", "description": "AMENDED 1997 EQUITY INCENTIVE PLAN", "secsgml_size_bytes": 43763}]
{"company-data": {"conformed-name": "STATE STREET CORP", "cik": "0000093751", "assigned-sic": "6022", "irs-number": "042456637", "state-of-incorporation": "MA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-46678", "film-number": "729413"}, "business-address": {"street1": "225 FRANKLIN ST", "city": "BOSTON", "state": "MA", "zip": "02110", "phone": "6177863000"}, "mail-address": {"street1": "225 FRANKLIN STREET", "city": "BOSTON", "state": "MA", "zip": "02110"}, "former-company": {"former-conformed-name": "STATE STREET BOSTON FINANCIAL CORP", "date-changed": "19780525"}}
[TYPE]
As filed with the Securities and Exchange Commission on September 27, 2000
Registration No. ___-____
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
FORM S-8
REGISTRATION STATEMENT
Under the
SECURITIES ACT OF 1933
______________________
STATE STREET CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
MASSACHUSETTS
04-2456637
(State or Other
    Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
225 Franklin Street, Boston,
Massachusetts 02110
(Address of Principal Executive Offices) (Zip Code)
STATE STREET CORPORATION
1997 EQUITY INCENTIVE PLAN
(Full Title of the Plan)
MAUREEN SCANNELL BATEMAN, ESQ.
Executive Vice President and General Counsel
State Street Corporation
225 Franklin Street, Boston, Massachusetts 02110
(Name and Address of Agent For Service)
(617)786-3000
(Telephone Number, Including Area Code, of Agent For Service)
Copy to:
ROBERT F. HAYES, ESQ.
Ropes & Gray
One International Place
Boston, Massachusetts 02110
(617)951-7000
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered (1)
Amount
    to be
Registered (1)
Proposed
    Maximum
Offering Price
Per Share (2)
Proposed
    Maximum
Aggregate Offering
Price (2)
Amount
    of
Registration Fee
Common Stock
$1 Par Value
7,900,000
    shares
$123.875
$978,612,500
$258,354
(1)  Includes Preferred Share Purchase
Rights. Prior to the occurrence of certain events the Preferred Share Purchase Rights will
not be evidenced separately from the Common Stock. Also includes such additional shares of
Common Stock as may be required in the event of a stock dividend, recapitalization or
other change in the Registrant's capital stock.
(2)  Estimated solely for the purpose of
calculating the registration fee pursuant to Rule 457(h) under the Securities Act of 1933.
The proposed maximum offering price per share and the proposed maximum aggregate offering
price are based upon the average of the high and low price for the Registrant's Common
Stock as reported on the New York Stock Exchange on September 25, 2000.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3.  Incorporation of Documents by
Reference.
The
Registrant hereby incorporates the following documents herein by reference:
(1)     The Registrant's Annual Report
  on Form 10-K for the fiscal year ended December 31, 2000, as filed with the Securities and
  Exchange Commission (the "Commission") on March 30, 2000.
(2)     The Registrant's Quarterly
  Reports on Form 10-Q for each of the periods ended March 31, 2000 and June 30, 2000, as
  filed with the Commission on May 15, 2000 and August 11, 2000, respectively.
(3)     The description of the
  Registrant's Common Stock included in the Registrant's effective registration statement
  report on Form 8A, as filed with the Commission on January 18, 1995.
(4)     The Registrant's Current
  Report on Form 8-K dated January 7, 2000.
(5)     All other reports filed by the
  Registrant with the Commission pursuant to Section 13(a) or Section 15 (d) of the
  Securities Exchange Act of 1934 (the "Exchange Act") since the end of the fiscal
  year covered by the Registrant's Annual Report referred to above.
All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, 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 the registration
statement and to be part thereof from the date of filing of such documents.
Item 4. Description of Securities.
Not Applicable.
- 2 -
Item 5.  Interests of Named
Experts and Counsel.
The validity of
the shares to be offered hereby will be passed upon for the Registrant by Ropes &
Gray. Truman S. Casner, a partner of Ropes & Gray, is a director of the Registrant and
owns beneficially a total of 17,631 shares of Common Stock of the Registrant. No shares of
Common Stock of the Registrant were owned beneficially by Ropes & Gray attorneys
participating in this matter. Ropes & Gray performs services for the Registrant from
time to time.
Item 6.  Indemnification of Directors and Officers.
Section 67 of
Chapter 156B of the General Laws of Massachusetts provides that to the extent specified in
or authorized by the articles of organization, a by-law adopted by stockholders or a vote
adopted by the holders of the majority of shares of stock entitled to vote on the election
of directors, a corporation may indemnify directors, officers, employees and other agents
of the corporation, (and persons who serve at its request as directors, officers,
employees or other agents of another organization or in any capacity with respect to any
employee benefit plan) except as to any matter as to which such person shall have been
adjudicated in any proceeding not to have acted in good faith in the reasonable belief
that the action was in the best interest of the corporation or the participants or
beneficiaries of such employee benefit plan.
The Restated
Articles of Organization of the Registrant (Article 6) provide the following:
The Corporation shall to the fullest extent legally
  permissible indemnify each person who is or was a director, officer, employee or other
  agent of the corporation and each person who is or was serving at the request of the
  corporation as a director, trustee, officer, employee or other agent of another
  corporation or of any partnership, joint venture, trust, employee benefit plan or other
  enterprise or organization against all liabilities, costs and expenses, including but not
  limited to amounts paid in satisfaction of judgments, in settlement or as fines and
  penalties, and counsel fees and disbursements, reasonably incurred by him in connection
  with the defense or disposition of or otherwise in connection with or resulting from any
  action, suit or other proceeding, whether civil, criminal, administrative or
  investigative, before any court or administrative or legislative or investigative body, in
  which he may be or may have been involved as a party or otherwise or with which he may be
  or may
- 3 -
have been threatened, while in office or thereafter, by
  reason of his being or having been such a director, officer, employee, agent or trustee,
  or by reason of any action taken or not taken in any such capacity, except with respect to
  any matter as to which he shall have been finally adjudicated by a court of competent
  jurisdiction not to have acted in good faith in the reasonable belief that his action was
  in the best interests of the corporation (any person serving another organization in one
  or more of the indicated capacities at the request of the corporation who shall not have
  been adjudicated in any proceeding not to have acted in good faith in the reasonable
  belief that his action was in the best interest of such other organization shall be deemed
  so to have acted in good faith with respect to the corporation) or to the extent that such
  matter relates to service with respect to an employee benefit plan, in the best interest
  of the participants or beneficiaries of such employee benefit plan. Expenses, including
  but not limited to counsel fees and disbursements, so incurred by any such person in
  defending any such action, suit or proceeding, shall be paid from time to time by the
  corporation in advance of the final disposition of such action, suit or proceeding upon
  receipt of an undertaking by or on behalf of the person indemnified to repay the amounts
  so paid if it shall ultimately be determined that indemnification of such expenses is not
  authorized hereunder.
If, in an action, suit or proceeding brought by or in the
  name of the corporation, a director of the corporation is held not liable for monetary
  damages, whether because that director is relieved of personal liability under the
  provisions of this Article Six of the Articles of Organization, or otherwise, that
  director shall be deemed to have met the standard of conduct set forth above and to be
  entitled to indemnification for expenses reasonably incurred in the defense of such
  action, suit or proceeding.
As to any matter disposed of by settlement by any such
  person, pursuant to a consent decree or otherwise, no such indemnification either for the
  amount of such settlement or for any other expenses shall be provided unless such
  settlement shall be approved as in the best interests of the corporation, after notice
  that it involves such indemnification, (a) by vote of a majority of the disinterested
  directors then in office (even though the disinterested directors be less than a quorum),
  or (b) by any disinterested person or persons to whom the question may be referred by vote
  of a majority of such disinterested directors, or (c) by vote of the holders of a majority
  of the outstanding stock
- 4 -
at the time entitled to vote for directors, voting as a
  single class, exclusive of any stock owned by any interested person, or (d) by any
  disinterested person or persons to whom the question may be referred by vote of the
  holders of a majority of such stock. No such approval shall prevent the recovery from any
  such director, officer, employee, agent or trustee of any amounts paid to him or on his
  behalf as indemnification in accordance with the preceding sentence if such person is
  subsequently adjudicated by a court of competent jurisdiction not to have acted in good
  faith in the reasonable belief that his action was in the best interests of the
  corporation.
The right of indemnification hereby provided shall not be
  exclusive of or affect any other rights to which any director, officer, employee, agent or
  trustee may be entitled or which may lawfully be granted to him. As used herein, the terms
  "director," "officer," "employee," "agent" and
  "trustee" include their respective executors, administrators and other legal
  representatives, an "interested" person is one against whom the action, suit or
  other proceeding in question or another action, suit or other proceeding on the same or
  similar grounds is then or had been pending or threatened, and a "disinterested"
  person is a person against whom no such action, suit or other proceeding is then or had
  been pending or threatened.
By action of the board of directors, notwithstanding any
  interest of the directors in such action, the corporation may purchase and maintain
  insurance, in such amounts as the board of directors may from time to time deem
  appropriate, on behalf of any person who is or was a director, officer, employee or other
  agent of the corporation, or is or was serving at the request of the corporation as a
  director, trustee, officer, employee or other agent of another corporation or of any
  partnership, joint venture, trust, employee benefit plan or other enterprise or
  organization against any liability incurred by him in any such capacity, or arising out of
  his status as such, whether or not the corporation would have the power to indemnify him
  against such liability.
In addition,
the Registrant maintains a directors' and officers' liability insurance policy.
Article 6 of
the Registrant's Restated Articles of Organization provides that a director of this
corporation shall not be personally liable to the corporation or its stockholders for
monetary damages for breach of fiduciary duty as a director notwithstanding any provision
- 5 -
of law imposing such liability, provided, however, that
this paragraph of Article Six shall not eliminate the liability of a director to the
extent such liability is imposed by applicable law (i) for any breach of the director's
duty of loyalty to this corporation or its stockholders, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation or law, (iii)
for any transaction from which the director derived an improper personal benefit, or (iv)
for paying a dividend, approving a stock repurchase or making loans which are illegal
under certain provisions of Massachusetts law, as the same exists or hereafter may be
amended.
Item 7.  Exemption From Registration Claimed.
Not Applicable.
Item 8.  Exhibits.
Exhibit No.
Description
4.1
Restated Articles of
    Organization as amended (filed with the Securities and Exchange Commission as Exhibit 3.1
    to Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1995,
    and amendment thereto filed with the Securities and Exchange Commission as Exhibit 3.4 to
    Registrant's Quarterly Report on Form 10-Q for the period ended June 30, 1997, and
    incorporated by reference).
4.2
By-laws as amended (filed with
    the Securities and Exchange Commission as Exhibit 3.2 to Registrant's Annual Report on
    Form 10-K for the fiscal year ended December 31, 1995, and incorporated by reference).
5.1
Opinion of Counsel.
15.1
Letter re unaudited interim
    financial information.
23.1
Consent of Ernst & Young
    LLP.
23.2
Consent of Ropes & Gray
    (included in Exhibit 5.1).
- 6 -
24.1
Power of Attorney (contained in
    Part II hereof under Signature and Power of Attorney).
99.1
State Street Corporation 1997
    Equity Incentive Plan, as amended.
Item 9. Undertakings.
(a)     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 (a)(i) and (a)(ii) shall
  not apply if 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.
(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)
    The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to
- 7 -
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)
    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.
- 8 -
SIGNATURES AND POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act of
1933, 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
Boston, the Commonwealth of Massachusetts on September 27, 2000.
STATE STREET CORPORATION
By:
/s/Frederick P.
    Baughman
Frederick P. Baughman
Senior Vice President,
Corporate Controller and
Chief Accounting Officer
Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has been signed by
the following persons in the capacities indicated on September 27, 2000
We, the
undersigned officers and directors of State Street Corporation (the
"Corporation") hereby severally constitute and appoint Ronald L. O'Kelley,
Maureen Scannell Bateman and Frederick P. Baughman, and each of them singly, our true and
lawful attorneys with full power to them, and each of them singly, to sign for us and in
our names in the capacities as indicated, any and all amendments or supplements to the
Registration Statement on Form S-8 of the Corporation, and generally to do all such things
in our name and on our behalf in our capacities as indicated to enable the Corporation to
comply with the provisions of the Securities Act of 1933, as amended, and all requirements
of the Securities and Exchange Commission, hereby ratifying and confirming our signatures
as they may be required by our said attorneys or any of them, to any and all amendments.
Signature
Title
/s/David A. Spina
David A. Spina
President , Chief
    Executive Officer and Director
(Principal Executive Officer)
/s/Ronald L.
    O'Kelley
Ronald L. O'Kelley
Executive Vice
    President and Chief Financial Officer
(Principal Financial Officer)
/s/Frederick P. Baughman
Frederick P. Baughman
Senior Vice President,
    Corporate Controller and
Chief Accounting Officer
(Principal Accounting Officer)
/s/Marshall N. Carter
Marshall N. Carter
Chairman and Director
/s/Tenley E. Albright
Tenley E. Albright
Director
/s/I. MacAllister Booth
I. MacAllister Booth
Director
James I. Cash, Jr.
Director
/s/Truman S.
    Casner
Truman S. Casner
Director
/s/Nader F. Darehshori
Nader F. Darehshori
Director
/s/Arthur L. Goldstein
Arthur L. Goldstein
Director
/s/David P. Gruber
David P. Gruber
Director
/s/John M. Kucharski
John M. Kucharski
Director
/s/Charles R. LaMantia
Charles R. LaMantia
Director
Ronald E. Logue
Director
/s/Nicholas A. Lopardo
Nicholas A. Lopardo
Director
/s/Dennis J. Picard
Dennis J. Picard
Director
Alfred Poe
Director
/s/Bernard W. Reznicek
Bernard W. Reznicek
Director
/s/Richard P. Sergel
Richard P. Sergel
Director
/s/Diana Chapman Walsh
Diana Chapman Walsh
Director
/s/Robert E. Weissman
Robert E. Weissman
Director
INDEX TO EXHIBITS
Exhibit Number
Exhibit
4.1
Restated Articles of
    Organization as amended (filed with the Securities and Exchange Commission as Exhibit 3.1
    to Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1995,
    and amendment thereto filed with the Securities and Exchange Commission as Exhibit 3.4 to
    Registrant's Quarterly Report on Form 10-Q for the period ended June 30, 1997, and
    incorporated by reference).
4.2
By-laws as amended
    (filed with the Securities and Exchange Commission as Exhibit 3.2 to Registrant's Annual
    Report on Form 10-K for the fiscal year ended December 31, 1995, and incorporated by
    reference).
5.1
Opinion of Counsel.
15.1
Letter re unaudited
    interim financial information.
23.1
Consent of Ernst &
    Young LLP.
23.2
Consent of Ropes &
    Gray (included in Exhibit 5.1)
24.1
Power of Attorney
    (contained in Part II hereof under Signature and Power of Attorney)