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

Sep 6, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2005-09-02

Reporting Person: TORSONE JOHNNA G (Sr. VP & Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-02	Common Stock	S	175	$43.17	Disposed	30353	Direct
2005-09-02	Common Stock	S	257	$43.2	Disposed	30096	Direct
2005-09-02	Common Stock	S	1800	$43.16	Disposed	28296	Direct
2005-09-02	Common Stock	S	3838	$43.18	Disposed	24458	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	550.7427	Indirect