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

                                    FORM 8-K

                                 Current Report

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                                 April 28, 2005
                Date of Report (Date of earliest event reported)


                                Pitney Bowes Inc.
             (Exact name of registrant as specified in its charter)

      Delaware                           1-3579                  06-0495050
(State or other jurisdiction of    (Commission file number)     (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                               World Headquarters
                                 1 Elmcroft Road
                        Stamford, Connecticut 06926-0700
                    (Address of principal executive offices)

                                 (203) 356-5000
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[] Written communications pursuant to Rule 425 under the Securities Act 
   (17 CFR 230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   (17 CFR 240.14a-12)

[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
   Exchange Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
   Exchange Act (17 CFR 240.13e-4(c))


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ITEM 2.02.     RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The  following  information  is furnished  pursuant to Item 2.02  Disclosure  of
"Results of Operations and Financial Condition."

On April 28, 2005,  the  registrant  issued a press  release  setting  forth its
financial results, including consolidated statements of income, selected segment
data, and a reconciliation of reported results to adjusted results for the three
months ended March 31, 2005 and 2004, and  consolidated  balance sheets at March
31, 2005,  December 31, 2004 and March 31, 2004. A copy of the press  release is
attached hereto as Exhibit 99.1 and hereby incorporated by reference.


ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

    99.1   Press release of Pitney Bowes Inc. dated April 28, 2005



                                   SIGNATURES



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                   Pitney Bowes Inc.

April 28, 2005




                                   /s/ B.P. Nolop                 
                                   -------------------------------
                                   B.P. Nolop
                                   Executive Vice President and
                                   Chief Financial Officer
                                   (Principal Financial Officer)



                                   /s/ S.J. Green                 
                                   -------------------------------
                                   S.J. Green
                                   Vice President - Finance and
                                   Chief Accounting Officer
                                   (Principal Accounting Officer)