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) February 8, 2008

THE TALBOTS, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-12552	41-1111318
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

One Talbots Drive, Hingham, Massachusetts	02043
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (781) 749-7600

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):

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

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

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

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

INFORMATION TO BE INCLUDED IN THE REPORT

Section 1 — Registrant’s Business and Operations

Item 1.01     Entry into a Material Definitive Agreement.

Renewal of Banking Facilities

     On February 8, 2008 the Talbots, Inc. and The Talbots Group Limited Partnership (collectively “Talbots”) and The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) entered into a renewal of its banking facility dated January 31, 2008, which replaces Talbots existing facility dated July 20, 2006. The effective date of the facility is January 31, 2008. The new facility decreases the limit and replaces The J. Jill Group, Inc. as a borrower with Talbots Group Limited Partnership. The facility provides for the issuance of letters of credit for period of up to six months, with validity period of up to one year, to finance the import of general merchandise. The amount of the facility is $135,000,000. The prior agreement provided for the issuance of letters of credit for periods up to six months, with a validity period for up to one year, to finance the import of general merchandise, in the amount of $150,000,000. HSBC has an overriding right of suspension, withdrawal and repayment on demand, including the right to call for cash cover on demand for prospective and contingent liabilities. The facility is subject to review at any time and, in any event by September 15, 2008.

     The foregoing summary is subject in all respects to the actual terms of facility, a copy of which is attached as Exhibit 10.1 to this Form 8-K.

Section 9 — Financial Statements and Exhibits

Item 9.01     Financial Statements and Exhibits.

(d)     Exhibits.

10.1 Letter Agreement concerning credit facilities between HSBC and Talbots dated January 31, 2008.

SIGNATURE

     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.

	THE TALBOTS, INC.
Date February 14, 2008	By:	/s/ Carol Stone
		Name:	Carol Stone
		Title:	Vice President, Corporate Controller