FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

NIELSEN-KINDLER LIZANNE

2. Date of Event Requiring Statement (MM/DD/YYYY)
3/5/2010 

3. Issuer Name and Ticker or Trading Symbol

TALBOTS INC [TLB]

(Last)        (First)        (Middle)

C/O THE TALBOTS, INC., ONE TALBOTS DRIVE

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

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
EVP, Gen Merchandise Manager /

(Street)

HINGHAM, MA 02043       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share   77218   (1) D    
Common Stock, par value $0.01 per share   520   I   By R.S.V.P. 401(k)   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Executive Stock Options (Right to Buy)     (3) 1/31/2018   Common Stock   15000   $9.67   D    
Executive Stock Options (Right to Buy)     (4) 4/30/2019   Common Stock   65000   $2.36   D    

Explanation of Responses:
( 1)  Includes 65,000 shares of restricted stock which will vest as follows: 7,500 shares vesting on January 31, 2011; 7,500 shares vesting on January 31, 2012; 16,666 shares vesting on February 26, 2011; 16,667 shares vesting on February 26, 2012; and 16,667 shares vesting on February 26, 2013.
( 2)  Information presented as of March 3, 2010.
( 3)  Two-thirds of this option is currently vested and exercisable. The remaining one-third will vest on January 31, 2011.
( 4)  This option will vest in one-third increments on April 30, 2010, April 30, 2011 and April 30, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
NIELSEN-KINDLER LIZANNE
C/O THE TALBOTS, INC.
ONE TALBOTS DRIVE
HINGHAM, MA 02043


EVP, Gen Merchandise Manager

Signatures
/s/ Warren J. Casey, Attorney-in-Fact 3/12/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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