- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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 ^*

O'Hara John E

2. Date of Event Requiring Statement (MM/DD/YYYY) 4/11/2011

3. Issuer Name and Ticker or Trading Symbol

PITNEY BOWES INC /DE/ [PBI]

(Last) (First) (Middle)

WORLD HEADQUARTERS, ONE ELMCROFT ROAD

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

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
EVP&President, PB Software S /

(Street)

STAMFORD, CT 06926

(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	760.5927	D

*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)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Common Stock	10952.0000	$0.0000	D
Restricted Stock Units	⁽²⁾	2/3/2015 ⁽²⁾	Common Stock	3117.0000	$0.0000	D
Restricted Stock Units	⁽²⁾	2/4/2014 ⁽²⁾	Common Stock	1026.0000	$0.0000	D
Restricted Stock Units	⁽²⁾	2/5/2013 ⁽²⁾	Common Stock	531.0000	$0.0000	D
Restricted Stock Units	2/11/2012	2/11/2012	Common Stock	178.0000	$0.0000	D
Restricted Stock Units	6/23/2013	6/23/2013	Common Stock	15645.0000	$0.0000	D
Restricted Stock Units	9/4/2011	9/4/2011	Common Stock	1500.0000	$0.0000	D
Stock Option	2/8/2011 ⁽³⁾	2/7/2020	Common Stock	10718.0000	$22.0900	D
Stock Option	2/8/2010 ⁽³⁾	2/8/2019	Common Stock	8635.0000	$24.7500	D
Stock Option	2/14/2012 ⁽³⁾	2/13/2021	Common Stock	23551.0000	$26.0700	D
Stock Option	2/11/2009 ⁽⁴⁾	2/10/2018	Common Stock	8077.0000	$36.9600	D

Explanation of Responses:
( 1)	Each performance based restricted stock unit will vest subject to predetermined EBIT performance metrics at 3,130 shares on February 7, 2012; 3,352 shares on February 5, 2013 and 4,470 shares June 23, 2013 and expired upon vesting date.
( 2)	The restricted stock units expire upon vesting and vest in four equal annual installments.
( 3)	The stock option grant vest in three equal annual installments.
( 4)	The stock option grant vest in four annual installments.

Remarks:
poajohnohara.txt

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
O'Hara John E WORLD HEADQUARTERS ONE ELMCROFT ROAD STAMFORD, CT 06926			EVP&President, PB Software S

Signatures
Patricia M. Johnson-POA for John E. O'Hara		4/19/2011
^** 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.