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 * ROGERS MICHAEL F   2. Issuer Name and Ticker or Trading Symbol INVESTORS FINANCIAL SERVICES CORP [IFIN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 200 CLARENDON ST 3. Date of Earliest Transaction (Month/Day/Year) 07/02/2007 (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) Code V Amount (A) or (D) Price Common Stock 07/02/2007   D   1,214,387 D (1) 0 D

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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	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock (right to buy)	$ 46.9	07/02/2007		D			17,056	(2)	01/19/2017	Common Stock	17,056	$ 0	0	D
Common Stock (right to buy)	$ 34.79	07/02/2007		D			270	(2)	11/17/2013	Common Stock	270	$ 0	0	D
Common Stock (right to buy)	$ 46.9	07/02/2007		D			25,369	(2)	01/19/2017	Common Stock	25,369	$ 0	0	D
Common Stock (right to buy)	$ 46.9	07/02/2007		D			132,944	(2)	01/19/2017	Common Stock	132,944	$ 0	0	D
Common Stock (right to buy)	$ 39.19	07/02/2007		D			75,000	(2)	11/14/2015	Common Stock	75,000	$ 0	0	D
Common Stock (right to buy)	$ 39.19	07/02/2007		D			87,875	(2)	11/14/2015	Common Stock	87,875	$ 0	0	D
Common Stock (right to buy)	$ 34.9	07/02/2007		D			18,100	(2)	11/15/2009	Common Stock	18,100	$ 0	0	D
Common Stock (right to buy)	$ 28.969	07/02/2007		D			3,354	(2)	11/12/2007	Common Stock	3,354	$ 0	0	D
Common Stock (right to buy)	$ 34.75	07/02/2007		D			97,124	(2)	11/13/2010	Common Stock	97,124	$ 0	0	D
Common Stock (right to buy)	$ 10.7579	07/02/2007		D			54,436	(2)	11/18/2007	Common Stock	54,436	$ 0	0	D
Common Stock (right to buy)	$ 10.7579	07/02/2007		D			32,444	(2)	11/16/2008	Common Stock	32,444	$ 0	0	D
Common Stock (right to buy)	$ 33.125	07/02/2007		D			8,990	(2)	11/16/2008	Common Stock	8,990	$ 0	0	D
Common Stock (right to buy)	$ 33.125	07/02/2007		D			8,122	(2)	11/18/2007	Common Stock	8,122	$ 0	0	D
Common Stock (right to buy)	$ 34.75	07/02/2007		D			46,080	(2)	11/13/2010	Common Stock	46,080	$ 0	0	D
Common Stock (right to buy)	$ 31.665	07/02/2007		D			96,842	(2)	11/14/2011	Common Stock	96,842	$ 0	0	D
Common Stock (right to buy)	$ 31.09	07/02/2007		D			3,324	(2)	11/16/2008	Common Stock	3,324	$ 0	0	D
Common Stock (right to buy)	$ 36.215	07/02/2007		D			4,454	(2)	11/16/2008	Common Stock	4,454	$ 0	0	D
Common Stock (right to buy)	$ 36.215	07/02/2007		D			3,476	(2)	11/18/2007	Common Stock	3,476	$ 0	0	D
Common Stock (right to buy)	$ 31.09	07/02/2007		D			41,513	(2)	11/12/2012	Common Stock	41,513	$ 0	0	D
Common Stock (right to buy)	$ 34.9	07/02/2007		D			2,850	(2)	11/18/2007	Common Stock	2,850	$ 0	0	D
Common Stock (right to buy)	$ 31.665	07/02/2007		D			86,878	(2)	11/14/2011	Common Stock	86,878	$ 0	0	D
Common Stock (right to buy)	$ 41.03	07/02/2007		D			65,697	(2)	11/15/2014	Common Stock	65,697	$ 0	0	D
Common Stock (right to buy)	$ 38.05	07/02/2007		D			25,953	(2)	11/15/2009	Common Stock	25,953	$ 0	0	D
Common Stock (right to buy)	$ 38.05	07/02/2007		D			2,627	(2)	11/15/2009	Common Stock	2,627	$ 0	0	D
Common Stock (right to buy)	$ 41.03	07/02/2007		D			25,000	(2)	11/15/2014	Common Stock	25,000	$ 0	0	D
Common Stock (right to buy)	$ 36	07/02/2007		D			8,215	(2)	11/16/2008	Common Stock	8,215	$ 0	0	D
Common Stock (right to buy)	$ 34.79	07/02/2007		D			22,126	(2)	11/17/2013	Common Stock	22,126	$ 0	0	D
Common Stock (right to buy)	$ 31.09	07/02/2007		D			21,781	(2)	11/12/2012	Common Stock	21,781	$ 0	0	D
Common Stock (right to buy)	$ 34.79	07/02/2007		D			36,837	(2)	11/17/2013	Common Stock	36,837	$ 0	0	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ROGERS MICHAEL F 200 CLARENDON ST BOSTON, MA 02116			President

Signatures

/s/ John Henry p/a for Michael F. Rogers		07/05/2007
**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)	Disposed of pursuant to the Agreement and Plan of Merger, dated 2/4/07 among the Issuer and State Street Corporation in exchange for the right to receive 0.906 shares of State Street Corporation Common Stock. On the date of closing shares of State Street Corporation Common Stock closed at $68.70.
(2)	This option was cancelled on 7/2/2007, the date of the merger of the Issuer into State Street Bank for a cash payment of the excess of $61.9957 over the exercise price per share of Issuer common stock subject to such option.

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