Edgar Filing: SMALL LAWRENCE M

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 ^*

SMALL LAWRENCE M

2. Issuer Name and Ticker or Trading Symbol
CHUBB CORP [CB]

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)

SMITHSONIAN INSTITUTION, 1000 JEFFERSON DRIVE, S.W.

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2005

(Street)

WASHINGTON, DC 20560

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)
			Code	V	Amount	(A) or (D)	Price
COMMON								10,000	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

MARKET VALUE UNITS ⁽¹⁾

$ 0

01/03/2005

139.25

⁽¹⁾

COMMON

139.25

$ 76.3

7,921.02

MARKET VALUE UNITS ⁽¹⁾

$ 0

01/04/2005

41.05

⁽¹⁾

COMMON

41.05

$ 75.25

7,962.07

PERFORMANCE SHARE ⁽²⁾

$ 0 ⁽²⁾

⁽²⁾

COMMON

1,930

STOCK OPTION ⁽³⁾

$ 57.78

12/06/2002

12/05/2012

COMMON

3,634

STOCK OPTION ⁽³⁾

$ 22.09

04/24/1990

04/21/2017

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 34.59

04/23/1991

04/21/2017

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 32.59

04/28/1992

04/21/2017

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 43.47

04/27/1993

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 38.75

04/26/1994

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 39.38

04/25/1995

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 46.97

04/23/1996

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 55.25

04/22/1997

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 77.56

04/28/1998

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 60.06

04/27/1999

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 64

04/25/2000

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 64.9

04/24/2001

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 76.32

04/30/2002

04/21/2019

COMMON

4,000

STOCK OPTION ⁽³⁾

$ 53.02

04/29/2003

04/21/2019

COMMON

4,000

STOCK UNITS ⁽⁴⁾

$ 0 ⁽⁴⁾

⁽⁴⁾

COMMON

322

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SMALL LAWRENCE M SMITHSONIAN INSTITUTION 1000 JEFFERSON DRIVE, S.W. WASHINGTON, DC 20560	X

Signatures

By: Patricia S. Tomczyk, POA		01/05/2005
^**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)	Market Value Units in The Chubb Corporation Directors Deferred Compensation Plan. Units are payable in common stock only and the value of such units are based on the market value of the Coporation's common stock.
(2)	Represents 200% of the target performance share award, which is the maximum number of shares issuable under this award for the performance cycle ending December 31, 2006.
(3)	All Stock Options are granted in tandem with tax withholding rights.
(4)	Stock Units vest on the grant date and are payable in stock at the earlier of the third anniversary of the grant or termination of service as a director, unless subject to a deferral election.

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