PITNEY BOWES INC /DE/ — Director's Dealing 2007

Sep 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2007-09-04

Reporting Person: Adkins Rodney C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-04	Common Stock	A	1543	$44.935	Acquired	1743	Direct

Footnotes

F1: Award of Restricted Stock under the Pitney Bowes Inc. Directors' Stock Plan.