8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): March 25, 2005

                     The St. Paul Travelers Companies, Inc.
             (Exact name of registrant as specified in its charter)


           Minnesota                  001-10898                41-0518860
(State or other jurisdiction   (Commission File Number)       (IRS Employer
       of incorporation)                                 Identification Number)

           385 Washington Street                                  55102
           Saint Paul, Minnesota
  (Address of principal executive offices)                     (Zip Code)

                                 (651) 310-7911
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))




Item 8.01    Other Events.

On March 25, 2005, The St. Paul Travelers Companies, Inc. (the "Company") issued
a press release reporting plans for the sale of the Company's investment in
Nuveen Investments, Inc. The press release is furnished as Exhibit 99 to this
Report and is incorporated by reference herein.

Item 9.01.   Financial Statements and Exhibits.

      (c)    Exhibits.

Exhibit No.  Description

99        Press release issued by The St. Paul Travelers Companies, Inc., dated
          March 25, 2005.




                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:    March 25, 2005          THE ST. PAUL TRAVELERS COMPANIES, INC.

                                 By:     /s/ Kenneth F. Spence, III
                                         --------------------------------
                                         Name:  Kenneth F. Spence, III
                                         Title: Executive Vice President and
                                                General Counsel




                                  EXHIBIT INDEX

Exhibit No.   Description

99            Press release issued by The St. Paul Travelers Companies, Inc.,
              dated March 25, 2005.

EX-99.CERT

[ST. PAUL TRAVELERS LOGO]                       [NUVEEN INVESTMENTS LOGO]


          Nuveen Investments and St. Paul Travelers Announce Plans For
                the Sale of St. Paul Travelers' Stake in Nuveen

CHICAGO, IL and SAINT PAUL, MN - March 25, 2005 -- Nuveen Investments, Inc.
(NYSE: JNC), and The St. Paul Travelers Companies, Inc. (NYSE: STA), announced
today that St. Paul Travelers is implementing a program to sell its equity
interest in Nuveen Investments. The program has three parts:

     o   St. Paul Travelers will sell 39.6 million Nuveen shares, exclusive of
         an underwriters' over-allotment option, through a public secondary
         offering. Nuveen Investments will be filing a prospectus supplement for
         the secondary offering;

     o   Additionally, Nuveen Investments intends to repurchase $600 million of
         Nuveen shares from St. Paul Travelers at the price of the secondary
         offering, net of the underwriters' discount; and

     o   Finally, St. Paul Travelers will enter into forward sale agreements
         with affiliates of Merrill Lynch and Morgan Stanley, with respect to
         its remaining equity interest in Nuveen Investments, or approximately
         13.5 million shares. Merrill Lynch and Morgan Stanley will in turn each
         issue public securities mandatorily exchangeable into shares of Nuveen.

The objective of the transactions is for St. Paul Travelers to sell its entire
interest in Nuveen Investments, resulting in Nuveen Investments becoming a fully
independent, publicly traded company.

Merrill Lynch & Co., Morgan Stanley and Citigroup will act as the joint
bookrunners and lead managers in the underwritten common stock offering, and
Merrill Lynch & Co. and



Morgan  Stanley  will  also act as  joint  bookrunners  of the  mandatorily
exchangeable securities.

The transactions described in this announcement are subject to market conditions
and other factors, and there can be no assurance that the transactions will be
completed as contemplated or that St. Paul Travelers will sell all or any of its
shares in Nuveen. This announcement is not an offer to sell, or the solicitation
of an offer to buy, any of the securities described in this press release.

Interested parties may obtain a written prospectus relating to the common stock
offering from Merrill Lynch Pierce Fenner & Smith Incorporated, 4 World
Financial Center, New York, NY 10080, Morgan Stanley & Co. Incorporated, 1585
Broadway, New York, New York 10036, or Citigroup Global Markets Inc., 388
Greenwich Street, New York, New York, 10013.

This press release contains certain forward-looking statements under the federal
securities laws. These statements are based on management's current expectations
and are subject to significant uncertainty and changes in circumstances. Actual
events, including Nuveen Investments' actual future results, may differ
significantly from those anticipated in any forward looking statements due to
numerous factors. Forward-looking statements are not guarantees of future
performance and involve certain risks and uncertainties, including those set
forth in filings with the SEC by Nuveen Investments' and St. Paul Travelers.
Nuveen Investments and St. Paul Travelers undertake no responsibility to
publicly update or revise any forward-looking statements.

Contacts:

     Nuveen Investments, Inc.        The St. Paul Travelers Companies, Inc.
     333 West Wacker Drive           385 Washington Street
     Chicago, IL 60606               St. Paul, MN 55102

     Media:                          Media:
     Laurel O'Brien, 610-293-2402    Joan Palm, 651-310-2685
                                     or
     Institutional Investors:        Marlene Ibsen, 860-277-9039
     Peggy Wilson, 312-917-6801
                                     Institutional Investors:
                                     Maria Olivo, 860-277-8330

                                     Individual Investors:
                                     Marc Parr, 860-277-0779