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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000898822-07-000902.txt : 20070705
<SEC-HEADER>0000898822-07-000902.hdr.sgml : 20070704
<ACCEPTANCE-DATETIME>20070705215136
ACCESSION NUMBER:		0000898822-07-000902
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070702
FILED AS OF DATE:		20070705
DATE AS OF CHANGE:		20070705

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTORS FINANCIAL SERVICES CORP
		CENTRAL INDEX KEY:			0000949589
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				043279817
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		200 CLARENDON ST
		STREET 2:		PO BOX 9130
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		6173306700

	MAIL ADDRESS:	
		STREET 1:		200 CLARENDON STREET
		STREET 2:		PO BOX 9130
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SPINNEY JOHN N JR
		CENTRAL INDEX KEY:			0001179989

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26996
		FILM NUMBER:		07966200

	MAIL ADDRESS:	
		STREET 1:		200 CLARENDON STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>spinney_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-07-02</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000949589</issuerCik>
        <issuerName>INVESTORS FINANCIAL SERVICES CORP</issuerName>
        <issuerTradingSymbol>IFIN</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>SPINNEY JOHN N JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 CLARENDON STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02116</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
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            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP, Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

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                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Disposed of pursuant to the Agreement and Plan of Merger, dated 02/04/2007 among the Issuer and State Street Corporation in
 exchange for the right to receive 0.906 shares of State Street Corporation Common Stock.  On the date of closing shares of
 State Street Corporation Common Stock closed at $68.70.</footnote>
        <footnote id="F2">This option was cancelled on 07/02/07, the date of the merger of the Issuer into State Street Bank for a cash payment of the
 excess of $61.9957 over the exercise price per share of Issuer common stock subject to such option.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>John E. Henry p/a for John N. Spinney, Jr.</signatureName>
        <signatureDate>2007-07-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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