PITNEY BOWES INC /DE/ — Director's Dealing 2005

Nov 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2005-11-21

Reporting Person: CAMPBELL COLIN G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-21	Common Stock	G	250	—	Disposed	13610	Direct
2005-11-21	Common Stock	G	300	—	Disposed	13310	Direct
2005-11-21	Common Stock	G	500	—	Disposed	12810	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect