PCR Perini Cp

CUSIP NO. 713839108 13G PAGE 2 OF 5 PAGES


1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
STATE STREET BANK AND TRUST COMPANY, ACTING IN VARIOUS FIDUCIARY
CAPACITIES. 04-1867445

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.*

 NOT APPLICABLE A __
 B __
3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION

 BOSTON, MASSACHUSETTS

5. SOLE VOTING POWER
 1,006,638 SHARES
6. SHARED VOTING POWER
 0 SHARES
7. SOLE DISPOSITIVE POWER
 0 SHARES
8. SHARED DISPOSITIVE POWER
 1,006,638 SHARES
9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 1,006,638 SHARES
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
 SHARES*
 NOT APPLICABLE
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 2.0%
12. TYPE OF REPORTING PERSON*
 BK


 13G PAGE 3 OF 5 PAGES
ITEM 1.
 (A) NAME OF ISSUER
 PERINI CORPORATION

 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
 73 MT WAYTE AVE
 FRAMINGHAM MA 01701

ITEM 2.

 (A) NAME OF PERSON FILING
 STATE STREET BANK AND TRUST COMPANY, TRUSTEE


 (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
 RESIDENCE

 STATE STREET FINANCIAL CENTER
 ONE LINCOLN STREET
 BOSTON, MA 02111


 (C) CITIZENSHIP

 BOSTON, MASSACHUSETTS

 (D) TITLE CLASS OF SECURITIES
 COMMON

 (E) CUSIP NUMBER
 713839108

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

 (B) _X_ BANK AS DEFINED IN SECTION 3(A)(6) OF THE ACT



 13G PAGE 4 OF 5 PAGES

ITEM 4. OWNERSHIP
(A) AMOUNT BENEFICIALLY OWNED
 1,006,638 SHARES

(B) PERCENT OF CLASS
2.0%

 (C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
 (I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE OF
 1,006,638 SHARES
 (II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE OF
 0 SHARES
 (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
 0 SHARES
 (IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
 1,006,638 SHARES

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS _X_


ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
 PERSON.

 NOT APPLICABLE

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY

 NOT APPLICABLE

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 NOT APPLICABLE

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

 NOT APPLICABLE


 13G PAGE 5 OF 5 PAGES

ITEM 10. CERTIFICATION

 THE FOLLOWING CERTIFICATION SHALL BE INCLUDED IF THE
 STATEMENT IS FILED PURSUANT TO RULE 13D-1(B):

 BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY
KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE
ACQUIRED IN THE ORDINARY COURSE OF BUSINESS AND WERE NOT ACQUIRED
FOR THE PURPOSE OF AND DO NOT HAVE THE EFFECT OF CHANGING OR
INFLUENCING THE CONTROL OF THE ISSUER OF SUCH SECURITIES AND WERE
NOT ACQUIRED IN CONNECTION WITH OR AS A PARTICIPANT IN ANY
TRANSACTION HAVING SUCH PURPOSES OR EFFECT.

 THIS REPORT IS NOT AN ADMISSION THAT STATE STREET BANK AND
TRUST COMPANY IS THE BENEFICIAL OWNER OF ANY SECURITIES COVERED BY
THIS REPORT, AND STATE STREET BANK AND TRUST COMPANY EXPRESSLY
DISCLAIMS BENEFICIAL OWNERSHIP OF ALL SHARES REPORTED HEREIN
PURSUANT TO RULE 13D-4.

 SIGNATURE

 AFTER REASONABLE INQUIRY AND TO THE BEST OF MY KNOWLEDGE AND
BELIEF, I CERTIFY THAT THE INFORMATION SET FORTH IN THIS STATEMENT
IS TRUE, COMPLETE AND CORRECT.

17 FEBRUARY 2009
STATE STREET CORPORATION
STATE STREET BANK AND TRUST COMPANY,
TRUSTEE


/s/ JAYNE DONAHUE
EXECUTIVE VICE PRESIDENT