Edgar Filing: MCDERMOTT THOMAS P

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MCDERMOTT THOMAS P

2. Issuer Name and Ticker or Trading Symbol
INVESTORS FINANCIAL SERVICES CORP [IFIN]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

INVESTORS BANK & TRUST COMPANY, 200 CLARENDON STREET

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2005

(Street)

BOSTON, MA 02116

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/07/2005		F		787	D	$ 50	14,205	D
Common Stock	03/07/2005		A		1,146	A	$ 34.344	15,351	D
Common Stock	03/07/2005		F		77	D	$ 50	15,274	D
Common Stock	03/07/2005		A		104	A	$ 37.4375	15,378	D
Common Stock	03/07/2005		F		884	D	$ 50	14,494	D
Common Stock	03/07/2005		A		1,562	A	$ 28.3	16,056	D
Common Stock	03/07/2005		F		113	D	$ 50	15,943	D
Common Stock	03/07/2005		A		152	A	$ 37.46	16,095	D
Common Stock	03/07/2005		F		3,681	D	$ 50	12,414	D
Common Stock	03/07/2005		A		4,859	A	$ 37.88	17,273	D
Common Stock	03/07/2005		F		915	D	$ 50	16,358	D
Common Stock	03/07/2005		A		2,083	A	$ 21.98	18,441	D
Common Stock	03/07/2005		F		80	D	$ 50	18,361	D
Common Stock	03/07/2005		A		111	A	$ 36.08	18,472	D
Common Stock	03/07/2005		F		81	D	$ 50	18,391	D
Common Stock	03/07/2005		A		113	A	$ 36.08	18,504	D
Common Stock	03/07/2005		F		80	D	$ 50	18,424	D
Common Stock	03/07/2005		A		112	A	$ 36.08	18,536	D
Common Stock	03/07/2005		F		77	D	$ 50	18,459	D
Common Stock	03/07/2005		A		108	A	$ 36.08	18,567	D
Common Stock	03/07/2005		F		2,646	D	$ 50	15,921	D
Common Stock	03/07/2005		A		3,668	A	$ 36.08	19,589	D
Common Stock	03/07/2005		F		76	D	$ 50	19,513	D
Common Stock	03/07/2005		A		106	A	$ 36.08	19,619	D
Common Stock	03/07/2005		F		75	D	$ 50	19,544	D
Common Stock	03/07/2005		A		105	A	$ 36.08	19,649	D
Common Stock	03/07/2005		F		77	D	$ 50	19,572	D
Common Stock	03/07/2005		A		108	A	$ 36.08	19,680	D
Common Stock	03/07/2005		F		1,473	D	$ 50	18,207	D
Common Stock	03/07/2005		A		2,042	A	$ 36.08	20,249	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock (right to buy)

$ 34.344

03/07/2005

1,146

11/08/2000⁽²⁾

11/08/2010

Common Stock

1,146

$ 0

26,951

Common Stock (right to buy)

$ 50

03/07/2005

787

03/07/2005⁽¹⁾

11/08/2010

Common Stock

787

$ 0

27,738

Common Stock (right to buy)

$ 37.4375

03/07/2005

104

01/02/2001⁽¹⁾

01/02/2011

Common Stock

104

$ 0

27,634

Common Stock (right to buy)

$ 50

03/07/2005

03/07/2005⁽¹⁾

01/02/2011

Common Stock

$ 0

27,711

Common Stock (right to buy)

$ 28.3

03/07/2005

1,562

11/08/2001⁽²⁾

11/08/2011

Common Stock

1,562

$ 0

26,149

Common Stock (right to buy)

$ 50

03/07/2005

884

03/07/2005⁽¹⁾

11/08/2011

Common Stock

884

$ 0

27,033

Common Stock (right to buy)

$ 37.46

03/07/2005

152

04/01/2002⁽¹⁾

04/01/2012

Common Stock

152

$ 0

26,881

Common Stock (right to buy)

$ 50

03/07/2005

113

03/07/2005⁽¹⁾

04/01/2012

Common Stock

113

$ 0

26,994

Common Stock (right to buy)

$ 37.88

03/07/2005

4,859

04/23/2002⁽²⁾

04/23/2012

Common Stock

4,859

$ 0

22,135

Common Stock (right to buy)

$ 50

03/07/2005

3,681

03/07/2005⁽¹⁾

04/23/2012

Common Stock

3,681

$ 0

25,816

Common Stock (right to buy)

$ 21.98

03/07/2005

2,083

04/15/2003⁽³⁾

04/15/2013

Common Stock

2,083

$ 0

23,733

Common Stock (right to buy)

$ 50

03/07/2005

915

03/07/2005⁽¹⁾

04/15/2013

Common Stock

915

$ 0

24,648

Common Stock (right to buy)

$ 36.08

03/07/2005

111

11/25/2003⁽¹⁾

01/03/2010

Common Stock

111

$ 0

24,537

Common Stock (right to buy)

$ 36.08

03/07/2005

113

11/25/2003⁽¹⁾

04/03/2010

Common Stock

113

$ 0

24,424

Common Stock (right to buy)

$ 36.08

03/07/2005

112

11/25/2003⁽¹⁾

07/03/2010

Common Stock

112

$ 0

24,312

Common Stock (right to buy)

$ 36.08

03/07/2005

108

11/25/2003⁽¹⁾

10/02/2010

Common Stock

108

$ 0

24,204

Common Stock (right to buy)

$ 36.08

03/07/2005

3,668

11/25/2003⁽¹⁾

11/08/2010

Common Stock

3,668

$ 0

20,536

Common Stock (right to buy)

$ 36.08

03/07/2005

106

11/25/2003⁽¹⁾

04/02/2011

Common Stock

106

$ 0

20,430

Common Stock (right to buy)

$ 36.08

03/07/2005

105

11/25/2003⁽¹⁾

07/02/2011

Common Stock

105

$ 0

20,325

Common Stock (right to buy)

$ 36.08

03/07/2005

108

11/25/2003⁽¹⁾

10/01/2011

Common Stock

108

$ 0

20,217

Common Stock (right to buy)

$ 36.08

03/07/2005

2,042

11/25/2003⁽¹⁾

11/08/2011

Common Stock

2,042

$ 0

18,175

Common Stock (right to buy)

$ 36.08

03/07/2005

158

11/25/2003⁽¹⁾

01/02/2012

Common Stock

158

$ 0

18,017

Common Stock (right to buy)

$ 36.08

03/07/2005

127

11/25/2003⁽¹⁾

07/01/2012

Common Stock

127

$ 0

17,890

Common Stock (right to buy)

$ 36.08

03/07/2005

170

11/25/2003⁽¹⁾

10/01/2012

Common Stock

170

$ 0

17,720

Common Stock (right to buy)

$ 36.08

03/07/2005

223

11/25/2003⁽¹⁾

01/02/2013

Common Stock

223

$ 0

17,497

Common Stock (right to buy)

$ 36.08

03/07/2005

224

11/25/2003⁽¹⁾

04/01/2013

Common Stock

224

$ 0

17,273

Common Stock (right to buy)

$ 36.08

03/07/2005

225

11/25/2003⁽¹⁾

07/01/2013

Common Stock

225

$ 0

17,048

Common Stock (right to buy)

$ 36.08

03/07/2005

208

11/25/2003⁽¹⁾

10/01/2013

Common Stock

208

$ 0

16,840

Common Stock (right to buy)

$ 36.08

03/07/2005

676

11/25/2003⁽¹⁾

04/15/2013

Common Stock

676

$ 0

16,164

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MCDERMOTT THOMAS P INVESTORS BANK & TRUST COMPANY 200 CLARENDON STREET BOSTON, MA 02116	X

Signatures

John E. Henry		03/09/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Options granted pursuant to the Company's 1995 Non-Employee Director Stock Option Plan and became exercisable on the date of the grant.
(2)	Options granted pursuant to the Company's 1995 Non-Employee Director Stock Option Plan and become exercisabe in 48 equal monthly installments beginning on the date of the grant.
(3)	Options granted pursuant to the Company's 1995 Non-Employee Director Stock Option Plan and become exercisable in 36 equal monthly installments beginning on the date of the grant.

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