UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Lopardo, Nicholas A.
   State Street Corporation
   225 Franklin Street
   Boston, MA  02110
2. Issuer Name and Ticker or Trading Symbol
   State Street Corporation
   STT
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
   07/01/01
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
   (specify below)
   Vice Chairman
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person


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 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
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1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
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Common Stock               |7/2/01|F   |V|2,804             |D  |48.825     |304,196(1)         |D     |                           |
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                           |      |    | |                  |   |           |27,090(1)          |I     |By Trust(2)                |
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 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
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1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                            
Employee Stock Option |15.875  |     |    | |           |   |12/31|12/18|Common Stock|138,000|       |            |   |            |
(right to buy)        |        |     |    | |           |   |/97- |/06  |            |(1)    |       |            |   |            |
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                      |        |     |    | |           |   |12/31|     |            |       |       |            |   |            |
                      |        |     |    | |           |   |/99  |     |            |       |       |            |   |            |
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Employee Stock Option |28.125  |     |    | |           |   |12/18|12/17|Common Stock|50,000(|       |            |   |            |
(right to buy)        |        |     |    | |           |   |/98- |/07  |            |1)     |       |            |   |            |
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                      |        |     |    | |           |   |12/18|     |            |       |       |            |   |            |
                      |        |     |    | |           |   |/00  |     |            |       |       |            |   |            |
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Employee Stock Option |33.71875|     |    | |           |   |12/17|12/16|Common Stock|99,200(|       |            |   |            |
(right to buy)        |        |     |    | |           |   |/99- |/08  |            |1)     |       |            |   |            |
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                      |        |     |    | |           |   |12/17|     |            |       |       |            |   |            |
                      |        |     |    | |           |   |/01  |     |            |       |       |            |   |            |
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Employee Stock Option |34.6407 |     |    | |           |   |12/16|12/15|Common Stock|133,200|       |            |   |            |
(right to buy)        |        |     |    | |           |   |/00- |/09  |            |(1)    |       |            |   |            |
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                      |        |     |    | |           |   |12/16|     |            |       |       |            |   |            |
                      |        |     |    | |           |   |/02  |     |            |       |       |            |   |            |
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Employee Stock Option |60.7375 |     |    | |           |   |12/21|12/20|Common Stock|156,400|       |            |   |            |
(right to buy)        |        |     |    | |           |   |/01- |/10  |            |(1)    |       |            |   |            |
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                      |        |     |    | |           |   |12/21|     |            |       |       |            |   |            |
                      |        |     |    | |           |   |/03  |     |            |       |       |            |   |            |
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                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|

Explanation of Responses:
(1) Reflects two-for-one stock split distributed on May 30,
2001.
(2) Shares held in a charitable lead trust of which the reporting person is a
co-trustee and members of the reporting person's family have a remainder
interest.  Reporting person discliams beneficial ownership of any such
shares.
SIGNATURE OF REPORTING PERSON
/s/Nicholas A. Lopardo
DATE
7/16/01