UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D. C. 20549
                                   Form 13F

                                Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:   12/31/2008

Check here if Amendment [ ]; Amendment Number:
   This Amendment (Check only one.):  [ ] is a restatement.
                                      [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:                    Marshall & Ilsley Corporation
Address:                 770 North Water Street
                         Milwaukee, WI 53202

Form 13F File Number: 28-12609

The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the report
is authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Kenneth C. Krei
Title:     Senior Vice President
Phone:     414-765-7448

Signature, Place, and Date of Signing:

  /s/ Kenneth C. Krei                  Milwaukee, WI       02/13/2009
_________________________________     _______________     ____________
        [Signature]                    [City, State]         [Date]

Report Type (Check only one.):

[X]   13F HOLDINGS REPORT.  (Check here if all holdings of this reporting
      manager are reported in this report.)

[ ]   13F NOTICE.  (Check here if no holdings reported are in this report,
      and all holdings are reported by other reporting manager(s).)

[ ]   13F COMBINATION REPORT.  (Check here if a portion of the holdings
      for this reporting manager are reported in this report and a portion
      are reported by other reporting manager(s).)




                                Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                    3

Form 13F Information Table Entry Total:               2,423

Form 13F Information Table Value Total:             $ 3,425,667
                                                    (thousands)

List of Other Included Mangers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]

 No.     Form 13F File Number                    Name
____    ______________________    _____________________________________
  1           28-12568             North Star Trust Company

  2           28-274               M&I Investment Management Corp.

  3           28-05085             Marshall & Ilsley Trust Company N.A.




                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
AAR CORP                  COM         000361105        692     37605 SH              X               3      37605
ABB LTD                   SPON ADR    000375204        405     26974 SH                     X        3       3454    8019    15501
ABB LTD                   SPON ADR    000375204       1253     83474 SH              X               3      54807            28667
ACCO BRANDS CORP          COM         00081T108         53     15318 SH              X               3      15318
A D C TELECOM             COM NEW     000886309         38      6962 SH              X               3       6962
A D C TELECOM             COM NEW     000886309         38      6922 SH                     X        3                812     6110
AFC ENTERPRISES INC       COM         00104Q107         56     11850 SH              X               3      11850
AFLAC INC                 COM         001055102        782     17050 SH              X             1,3      17050
AFLAC INC                 COM         001055102        121      2650 SH                     X      1,3       1850     800
AFLAC INC                 COM         001055102       3005     65558 SH              X               2      65558
AFLAC INC                 COM         001055102        953     20789 SH                     X        3       1990   17431     1368
AFLAC INC                 COM         001055102      10510    229268 SH              X               3     222351    4097     2820
AES CORP                  COM         00130H105         21      2523 SH                     X        3       1543     980
AES CORP                  COM         00130H105        493     59797 SH              X               3      58863     251      683
AK STL HLDG CORP          COM         001547108         10      1033 SH                     X        3               1033
AK STL HLDG CORP          COM         001547108        106     11326 SH              X               3      10429              897
AMR CORP                  COM         001765106        200     18709 SH              X               3      18709
AT&T INC                  COM         00206R102       1620     56857 SH              X             1,3      56607     250
AT&T INC                  COM         00206R102        257      9015 SH                     X      1,3       7538    1477
AT&T INC                  COM         00206R102       7627    267610 SH              X               2     267610
AT&T INC                  COM         00206R102       5490    192647 SH                     X        3      24306  163811     4530
AT&T INC                  COM         00206R102      31381   1101103 SH              X               3    1079110   13656     8337
AT&T INC.                 COM         00206r102        444     15593 SH              X               2                       15593
AVI BIOPHARMA INC         COM         002346104         56     85000 SH              X               3      85000
AARON RENTS INC           COM         002535201         28      1060 SH                     X        3                        1060
AARON RENTS INC           COM         002535201        173      6507 SH              X               3       2719             3788
ABBOTT LABS               COM         002824100        630     11800 SH              X             1,3      11800
ABBOTT LABS               COM         002824100        109      2050 SH                     X      1,3       1550     500
ABBOTT LABS               COM         002824100        704     13200 SH              X               2      13200
ABBOTT LABS               COM         002824100       5377    100743 SH                     X        3      20933   76660     3150
ABBOTT LABS               COM         002824100      19396    363410 SH              X               3     337513   19215     6682
ABBOTT LABS               COM         002824100        320      6000 SH              X               2                        6000
ABIOMED INC               COM         003654100       2190    133380 SH              X               2     133380
ABIOMED INC               COM         003654100        403     24555 SH              X               3      24447              108
ACTIVISION BLIZZARD INC   COM         00507V109        988    114300 SH              X               2     114300
ACTIVISION BLIZZARD INC   COM         00507V109          9      1090 SH              X               3       1090
ADOBE SYS INC             COM         00724F101          7       330 SH                     X        3                330
ADOBE SYS INC             COM         00724F101        678     31847 SH              X               3      21033      46    10768
ADTRAN INC                COM         00738A106         28      1850 SH                     X        3                        1850
ADTRAN INC                COM         00738A106        213     14340 SH              X               3       8924             5416
ADVANCE AUTO PARTS INC    COM         00751Y106         16       481 SH                     X        3                481
ADVANCE AUTO PARTS INC    COM         00751Y106        242      7201 SH              X               3       3739             3462
ADVANTAGE ENERGY INC FD   TR UNIT     00762L101        101     24010 SH              X               3      24010
AECOM TECH CORP DEL       COM         00766T100       1044     33970 SH              X               2      33970
AECOM TECH CORP DEL       COM         00766T100         12       397 SH                     X        3                397
AECOM TECH CORP DEL       COM         00766T100        424     13773 SH              X               3      11945             1828
AEGON N V                 NY REG SH   007924103        197     32606 SH              X               3      23606             9000
AEGON N V                 NY REG SH   007924103        181     29978 SH                     X        3              19747    10231
AETNA INC NEW             COM         00817Y108        570     19999 SH              X               3      17853     146     2000
AETNA INC NEW             COM         00817Y108        350     12285 SH                     X        3               9735     2550
AFFILIATED COMPUTER SVS   CL A        008190100       2569     55900 SH              X               2      55900
AFFILIATED COMPUTER SVS   CL A        008190100        423      9224 SH              X               3       9224
AFFILIATED COMPUTER SVS   CL A        008190100         12       253 SH                     X        3                253
AFFILIATED MGRS GROUP     COM         008252108       3681     87828 SH              X               2      87828
AFFILIATED MGRS GROUP     COM         008252108         53      1253 SH                     X        3               1253
AFFILIATED MGRS GROUP     COM         008252108       1073     25591 SH              X               3      16911             8680
AGNICO EAGLE MINES LTD    COM         008474108       1514     29500 SH              X               2      29500
AGNICO EAGLE MINES LTD    COM         008474108        144      2800 SH              X               3       2800
AIR PRODS & CHEMS INC     COM         009158106          5       100 SH                     X      1,3        100
AIR PRODS & CHEMS INC     COM         009158106         24       475 SH              X             1,3        475
AIR PRODS & CHEMS INC     COM         009158106       1410     28052 SH              X               2      28052
AIR PRODS & CHEMS INC     COM         009158106        937     18632 SH                     X        3      10188    8444
AIR PRODS & CHEMS INC     COM         009158106       4245     84436 SH              X               3      78945    2506     2985
AIRGAS INC                COM         009363102         12       312 SH                     X        3                312
AIRGAS INC                COM         009363102        479     12278 SH              X               3      10761             1517
AIRTRAN HLDGS INC         COM         00949P108         56     12604 SH              X               3       6139             6465
ALCOA INC                 COM         013817101          3       300 SH                     X      1,3        300
ALCOA INC                 COM         013817101         11       950 SH              X             1,3        950
ALCOA INC                 COM         013817101        495     43921 SH                     X        3      18400   25071      450
ALCOA INC                 COM         013817101       1077     95681 SH              X               3      90301    3380     2000
ALCOA,INC.                COM         013817101        101      9000 SH              X               2                        9000
ALCATEL-LUCENT            SPON ADR    013904305          0        50 SH              X             1,3         50
ALCATEL-LUCENT            SPON ADR    013904305        135     62738 SH                     X        3              62738
ALCATEL-LUCENT            SPON ADR    013904305         75     34921 SH              X               3      26311             8610
ALCATEL-LUCENT            SPON ADR    013904305          2       780 SH              X               2                         780
ALEXION PHARMACEUTICALS   COM         015351109       4464    123340 SH              X               2     123340
ALEXION PHARMACEUTICALS   COM         015351109        486     13438 SH              X               3      13381               57
ALFACELL CORP             COM         015404106          5     20000 SH              X               3      20000
ALLEGHENY ENERGY INC      COM         017361106         17       500 SH              X             1,3        500
ALLEGHENY ENERGY INC      COM         017361106         17       500 SH                     X      1,3        500
ALLEGHENY ENERGY INC      COM         017361106          8       243 SH                     X        3                243
ALLEGHENY ENERGY INC      COM         017361106        402     11862 SH              X               3      11624      51      187
ALLEGHENY TECH INC        COM         01741R102          7       288 SH                     X        3                288
ALLEGHENY TECH INC        COM         01741R102        278     10872 SH              X               3      10742              130
ALLERGAN INC              COM         018490102         16       400 SH              X             1,3        400
ALLERGAN INC              COM         018490102       1927     47800 SH              X               2      47800
ALLERGAN INC              COM         018490102        339      8416 SH                     X        3       1190    2543     4683
ALLERGAN INC              COM         018490102       1154     28620 SH              X               3      22017             6603
ALLERGAN INC              COM         018490102        234      5800 SH              X               2                        5800





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
ALLETE INC                COM NEW     018522300         16       486 SH                     X        3                486
ALLETE INC                COM NEW     018522300        215      6650 SH              X               3       6028              622
ALLIANCE IMAGING INC      COM NEW     018606202       2304    289160 SH              X               2     289160
ALLIANCE IMAGING INC      COM NEW     018606202        411     51530 SH              X               3      51294              236
ALLIANT ENERGY CORP       COM         018802108        557     19100 SH              X             1,3      19100
ALLIANT ENERGY CORP       COM         018802108        112      3850 SH                     X      1,3       2950     900
ALLIANT ENERGY CORP       COM         018802108        162      5558 SH                     X        3        237    5321
ALLIANT ENERGY CORP       COM         018802108       1484     50847 SH              X               3      48487    1635      725
ALLIANT TECHSYSTEMS INC   COM         018804104       1076     12553 SH              X               2      12553
ALLIANT TECHSYSTEMS INC   COM         018804104       5256     61282 SH              X               3      60647              635
ALLIANZ SE                SP ADR      018805101        131     12135 SH              X               3       7635             4500
ALLIANZ SE                SP ADR      018805101        126     11655 SH                     X        3               6397     5258
ALLIANCEBERNSTEIN INCFD   COM         01881E101          8      1200 SH                     X        3       1200
ALLIANCEBERNSTEIN INCFD   COM         01881E101        165     23315 SH              X               3      23315
ALLIANCEBERNSTEIN         UT LTD PART 01881G106        100      4801 SH              X               3       4801
ALLIANCEBERNSTEIN         UT LTD PART 01881G106        141      6800 SH                     X        3               6800
ALLSCRIPTS HEALTHCARE     COM         01988P108        149     15000 SH              X               3      15000
ALLSTATE CORP             COM         020002101       1047     31950 SH              X               2      31950
ALLSTATE CORP             COM         020002101        818     24988 SH              X               3      24804      65      119
ALLSTATE CORP             COM         020002101        646     19721 SH                     X        3        184   17493     2044
ALTERA CORP               COM         021441100       2645    158301 SH              X               2     158301
ALTERA CORP               COM         021441100        985     58968 SH              X               3      53096             5872
ALTERA CORP               COM         021441100        114      6846 SH                     X        3                682     6164
ALTRIA GROUP INC          COM         02209S103         10       650 SH              X             1,3        650
ALTRIA GROUP INC          COM         02209S103       4112    273030 SH              X               2     273030
ALTRIA GROUP INC          COM         02209S103       3193    212017 SH                     X        3      17746  192921     1350
ALTRIA GROUP INC          COM         02209S103       9803    650937 SH              X               3     634278    6936     9723
ALTRIA GROUP INC          COM         02209S103        194     12900 SH              X               2                       12900
ALUMINA LTD               SPON ADR    022205108        116     27172 SH              X               3      27172
ALUMINA LTD               SPON ADR    022205108         76     17651 SH                     X        3              17651
AMAZON COM INC            COM         023135106       1872     36500 SH              X               2      36500
AMAZON COM INC            COM         023135106        547     10669 SH              X               3      10549     120
AMAZON COM INC            COM         023135106        125      2442 SH                     X        3               1657      785
AMEDISYS INC              COM         023436108       4192    101390 SH              X               2     101390
AMEDISYS INC              COM         023436108         20       489 SH                     X        3        149     340
AMEDISYS INC              COM         023436108        538     13046 SH              X               3      12446              600
AMEREN CORP               COM         023608102         32       962 SH              X             1,3        962
AMEREN CORP               COM         023608102        203      6095 SH              X               2       6095
AMEREN CORP               COM         023608102        125      3770 SH                     X        3        200    3570
AMEREN CORP               COM         023608102       4507    135499 SH              X               3     133831     519     1149
AMEREN CORP               COM         023608102         33      1000 SH              X               2                        1000
AMERICAN CAPITAL AGY      COM         02503X105       5511    257988 SH              X               2     257988
AMERICAN CAPITAL AGY      COM         02503X105       1026     48052 SH              X               3      47841              211
AMERICAN ELEC PWR INC     COM         025537101         58      1731 SH                     X        3        582    1149
AMERICAN ELEC PWR INC     COM         025537101        734     22054 SH              X               3      21912              142
AMERICAN ELECTRIC POWER   COM         025537101         40      1200 SH              X               2                        1200
AMERICAN EQTY INVT LIFE   COM         025676206         29      4080 SH                     X        3                        4080
AMERICAN EQTY INVT LIFE   COM         025676206        110     15693 SH              X               3       4678            11015
AMERICAN EXPRESS CO       COM         025816109          2       120 SH                     X      1,3        120
AMERICAN EXPRESS CO       COM         025816109         43      2339 SH              X             1,3       2339
AMERICAN EXPRESS CO       COM         025816109        568     30629 SH                     X        3      15600   13579     1450
AMERICAN EXPRESS CO       COM         025816109       2009    108299 SH              X               3      81975    2400    23924
AMERICAN EXPRESS          COM         025816109        173      9300 SH              X               2                        9300
AMERICAN TOWER CORP       CL A        029912201       2287     78000 SH              X               2      78000
AMERICAN TOWER CORP       CL A        029912201         83      2821 SH              X               3       2821
AMERICAN TOWER CORP       CL A        029912201        127      4321 SH                     X        3                        4321
AMERISOURCEBERGEN CORP    COM         03073E105       6845    191943 SH              X               2     191943
AMERISOURCEBERGEN CORP    COM         03073E105         23       639 SH                     X        3                639
AMERISOURCEBERGEN CORP    COM         03073E105       1622     45495 SH              X               3      41387             4108
AMERIPRISE FINL INC       COM         03076C106          5       218 SH              X             1,3        218
AMERIPRISE FINL INC       COM         03076C106       5212    223116 SH              X               2     223116
AMERIPRISE FINL INC       COM         03076C106        137      5875 SH                     X        3        540    5185      150
AMERIPRISE FINL INC       COM         03076C106       3902    167032 SH              X               3     157292    1000     8740
AMERIPRISE FINL INC       COM         03076C106         67      2881 SH              X               2                        2881
AMETEK INC NEW            COM         031100100        991     32800 SH              X               2      32800
AMETEK INC NEW            COM         031100100         24       810 SH                     X        3                480      330
AMETEK INC NEW            COM         031100100        320     10604 SH              X               3       3358             7246
AMGEN INC                 COM         031162100          8       140 SH                     X      1,3        140
AMGEN INC                 COM         031162100         12       200 SH              X             1,3        100     100
AMGEN INC                 COM         031162100       2463     42650 SH              X               2      42650
AMGEN INC                 COM         031162100        517      8944 SH                     X        3        300    8644
AMGEN INC                 COM         031162100       3927     68007 SH              X               3      64457    2285     1265
AMGEN                     COM         031162100        534      9250 SH              X               2                        9250
AMPHENOL CORP NEW         CL A        032095101        787     32800 SH              X               2      32800
AMPHENOL CORP NEW         CL A        032095101         27      1119 SH                     X        3                754      365
AMPHENOL CORP NEW         CL A        032095101        381     15905 SH              X               3       4909            10996
AMTRUST FINANCIAL SVCS    COM         032359309        174     14995 SH              X               3      14995
AMTRUST FINANCIAL SVCS    COM         032359309         18      1550 SH                     X        3               1550
ANADARKO PETE CORP        COM         032511107          8       200 SH              X             1,3        200
ANADARKO PETE CORP        COM         032511107       1157     30000 SH              X               2      30000
ANADARKO PETE CORP        COM         032511107       2510     65124 SH              X               3      64594     360      170
ANADARKO PETE CORP        COM         032511107        263      6827 SH                     X        3        250    5427     1150
ANALOG DEVICES INC        COM         032654105        249     13080 SH              X               3      13080
ANALOG DEVICES INC        COM         032654105         12       640 SH                     X        3                640
ANCHOR BANCORP WIS INC    COM         032839102         39     14023 SH              X               3      14023
ANCHOR BANCORP WIS INC    COM         032839102         59     21280 SH                     X        3              21280
ANGLO AMERN PLC           ADR NEW     03485P201         81      7000 SH              X               3       7000
ANGLO AMERN PLC           ADR NEW     03485P201        175     15031 SH                     X        3              15031
ANGLOGOLD ASHANTI LTD     SPON ADR    035128206         37      1322 SH              X               3       1322





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
ANGLOGOLD ASHANTI LTD     SPON ADR    035128206        411     14843 SH                     X        3              14843
ANNALY CAP MGMT INC       COM         035710409       4031    254000 SH              X               2     254000
ANNALY CAP MGMT INC       COM         035710409        101      6351 SH              X               3       5380              971
ANSYS INC                 COM         03662Q105       2272     81450 SH              X               2      81450
ANSYS INC                 COM         03662Q105         13       475 SH                     X        3                         475
ANSYS INC                 COM         03662Q105        618     22172 SH              X               3      10198            11974
ANWORTH MRTG ASSET CP     COM         037347101       1959    304810 SH              X               2     304810
ANWORTH MRTG ASSET CP     COM         037347101        365     56754 SH              X               3      56505              249
AON CORP                  COM         037389103         10       225 SH              X             1,3        225
AON CORP                  COM         037389103         48      1050 SH                     X      1,3       1050
AON CORP                  COM         037389103       1466     32100 SH              X               2      32100
AON CORP                  COM         037389103        486     10641 SH              X               3      10641
AON CORP                  COM         037389103        137      2989 SH                     X        3               1022     1967
APACHE CORP               COM         037411105         97      1300 SH                     X      1,3       1300
APACHE CORP               COM         037411105       1211     16250 SH              X             1,3      16150     100
APACHE CORP               COM         037411105       2094     28101 SH              X               2      28101
APACHE CORP               COM         037411105        990     13277 SH                     X        3       1094    8881     3302
APACHE CORP               COM         037411105      10581    141962 SH              X               3     134139    2292     5531
APARTMENT INVT & MGMT     CL A        03748R101         55      4793 SH              X               2       4793
APARTMENT INVT & MGMT     CL A        03748R101         19      1663 SH                     X        3               1663
APARTMENT INVT & MGMT     CL A        03748R101        917     79435 SH              X               3      79061              374
APOLLO GROUP INC          CL A        037604105       1042     13600 SH              X               2      13600
APOLLO GROUP INC          CL A        037604105        300      3912 SH              X               3       3567              345
APOLLO GROUP INC          CL A        037604105        135      1763 SH                     X        3                917      846
APPLE INC                 COM         037833100       3636     42600 SH              X               2      42600
APPLE INC                 COM         037833100       1220     14298 SH                     X        3       4116    6455     3727
APPLE INC                 COM         037833100       6814     79838 SH              X               3      74436     100     5302
APPLIED MATLS INC         COM         038222105         11      1100 SH                     X      1,3       1100
APPLIED MATLS INC         COM         038222105         33      3250 SH              X             1,3       3250
APPLIED MATLS INC         COM         038222105         77      7560 SH              X               2       7560
APPLIED MATLS INC         COM         038222105        192     18932 SH                     X        3       1535   17397
APPLIED MATLS INC         COM         038222105       3700    365276 SH              X               3     347653   11330     6293
ARCHER DANIELS MIDLAND    COM         039483102        479     16627 SH              X               3      16627
ARCHER DANIELS MIDLAND    COM         039483102        181      6280 SH                     X        3               2654     3626
ARCHER DANIELS MIDLAND    COM         039483102        254      8806 SH              X               2                        8806
ARIBA INC                 COM NEW     04033V203       1354    187893 SH              X               2     187893
ARIBA INC                 COM NEW     04033V203        241     33399 SH              X               3      33246              153
ARROW ELECTRS INC         COM         042735100       3170    168286 SH              X               2     168286
ARROW ELECTRS INC         COM         042735100         67      3550 SH                     X        3               3550
ARROW ELECTRS INC         COM         042735100        838     44462 SH              X               3      33489            10973
ARVINMERITOR INC          COM         043353101         51     18060 SH              X               3      18060
ASIAINFO HLDGS INC        COM         04518A104       1889    159580 SH              X               2     159580
ASIAINFO HLDGS INC        COM         04518A104        350     29520 SH              X               3      29390              130
ASSOCIATED BANC CORP      COM         045487105       2535    121129 SH              X               2     121129
ASSOCIATED BANC CORP      COM         045487105        710     33913 SH                     X        3       4878   28627      408
ASSOCIATED BANC CORP      COM         045487105       5369    256509 SH              X               3     237258    2757    16494
ASSURANT INC              COM         04621X108       4232    141060 SH              X               2     141060
ASSURANT INC              COM         04621X108          0         7 SH                     X        3                  7
ASSURANT INC              COM         04621X108        913     30447 SH              X               3      27137             3310
ATHENAHEALTH INC          COM         04685W103       1286     34180 SH              X               2      34180
ATHENAHEALTH INC          COM         04685W103        240      6374 SH              X               3       6346               28
ATLAS AMER INC            COM         049167109       8924    600930 SH              X               2     600930
ATLAS AMER INC            COM         049167109        934     62902 SH              X               3      62624              278
ATMEL CORP                COM         049513104         56     17987 SH              X               3       9376             8611
AUTODESK INC              COM         052769106        269     13697 SH              X               3      13359              338
AUTODESK INC              COM         052769106         26      1333 SH                     X        3                813      520
AUTOLIV INC               COM         052800109        108      5011 SH              X               2                        5011
AUTOMATIC DATA PROCESS    COM         053015103         10       250 SH              X             1,3                250
AUTOMATIC DATA PROCESS    COM         053015103        814     20690 SH              X               2      20690
AUTOMATIC DATA PROCESS    COM         053015103        916     23275 SH                     X        3        450   21225     1600
AUTOMATIC DATA PROCESS    COM         053015103       1740     44236 SH              X               3      25232      55    18949
AUTONATION INC            COM         05329W102        311     31438 SH              X               3      31438
AUTONATION INC            COM         05329W102          8       808 SH                     X        3                808
AUTOZONE INC              COM         053332102        893      6400 SH              X               2       6400
AUTOZONE INC              COM         053332102         18       128 SH                     X        3                128
AUTOZONE INC              COM         053332102        859      6162 SH              X               3       5989      81       92
AVALONBAY CMNTYS INC      COM         053484101        333      5489 SH              X               3       5489
AVALONBAY CMNTYS INC      COM         053484101          2        37 SH                     X        3                 37
AVERY DENNISON CORP       COM         053611109        156      4751 SH                     X        3               4751
AVERY DENNISON CORP       COM         053611109       1196     36555 SH              X               3      36152     141      262
AVIS BUDGET GROUP         COM         053774105         10     14462 SH              X               3      14462
AVISTA CORP               COM         05379B107        239     12345 SH              X               3      11056             1289
AVON PRODS INC            COM         054303102        437     18186 SH              X               3      18018              168
AVON PRODS INC            COM         054303102         50      2101 SH                     X        3               1651      450
AXA                       SPON ADR    054536107        133      5927 SH                     X        3               3334     2593
AXA                       SPON ADR    054536107        151      6738 SH              X               3       3847             2891
AXSYS TECHNOLOGIES INC    COM         054615109       1899     34620 SH              X               2      34620
AXSYS TECHNOLOGIES INC    COM         054615109        385      7007 SH              X               3       6779              228
BB&T CORP                 COM         054937107        150      5465 SH              X               2       5465
BB&T CORP                 COM         054937107        132      4798 SH                     X        3               3763     1035
BB&T CORP                 COM         054937107       4982    181418 SH              X               3     178826     163     2429
BJ SVCS CO                COM         055482103          5       400 SH              X             1,3        400
BJ SVCS CO                COM         055482103         12      1032 SH                     X      1,3       1032
BJ SVCS CO                COM         055482103       1605    137471 SH              X               2     137471
BJ SVCS CO                COM         055482103          3       240 SH                     X        3                240
BJ SVCS CO                COM         055482103        652     55938 SH              X               3      51098             4840
BJS WHOLESALE CLUB INC    COM         05548J106       3426    100000 SH              X               2     100000
BJS WHOLESALE CLUB INC    COM         05548J106        499     14579 SH              X               3      13532             1047
BP PLC                    SPON ADR    055622104        302      6461 SH              X             1,3       6461





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
BP PLC                    SPON ADR    055622104        126      2688 SH                     X      1,3       2488     200
BP PLC                    SPON ADR    055622104       3531     75537 SH                     X        3      16113   57546     1878
BP PLC                    SPON ADR    055622104       9593    205242 SH              X               3     183883    7359    14000
BP AMOCO PLC              SPON ADR    055622104        853     18248 SH              X               2                       18248
BP PRUDHOE BAY RTY TR     UT BEN INT  055630107         15       200 SH              X             1,3        200
BP PRUDHOE BAY RTY TR     UT BEN INT  055630107        370      5050 SH              X               3       5050
BP PRUDHOE BAY RTY TR     UT BEN INT  055630107         11       150 SH                     X        3                150
BMC SOFTWARE INC          COM         055921100        250      9278 SH                     X        3       1339    2630     5309
BMC SOFTWARE INC          COM         055921100       1114     41392 SH              X               3      31379            10013
BADGER METER INC          COM         056525108          4       125 SH              X               2        125
BADGER METER INC          COM         056525108       2616     90152 SH              X               3      90152
BADGER METER INC          COM         056525108        495     17050 SH                     X        3       2000   15050
BAKER HUGHES INC          COM         057224107        423     13201 SH              X               3      13201
BAKER HUGHES INC          COM         057224107         19       581 SH                     X        3                581
BALCHEM CORP              COM         057665200        857     34426 SH              X               2      34426
BALCHEM CORP              COM         057665200        178      7146 SH              X               3       6803              343
BALL CORP                 COM         058498106        107      2584 SH                     X        3               2584
BALL CORP                 COM         058498106        151      3621 SH              X               3       3574               47
BANCO BILBAO VIZCAYA      SPON ADR    05946K101         61      4922 SH                     X        3               1633     3289
BANCO BILBAO VIZCAYA      SPON ADR    05946K101        165     13221 SH              X               3       8307             4914
BANCO ITAU HLDG FINANC    SPADRPFD    059602201        180     15500 SH                     X        3              15500
BANK OF AMERICA CORP      COM         060505104        332     23612 SH              X             1,3      23612
BANK OF AMERICA CORP      COM         060505104         34      2424 SH                     X      1,3       2224     200
BANK OF AMERICA CORP      COM         060505104        299     21261 SH              X               2      21261
BANK OF AMERICA CORP      COM         060505104       1412    100299 SH                     X        3      12756   86843      700
BANK OF AMERICA CORP      COM         060505104      10213    725363 SH              X               3     705947    6457    12959
BANK OF AMERICA CORP      COM         060505104        111      7870 SH              X               2                        7870
BANK MUTUAL CORP NEW      COM         063750103        140     12090 SH                     X        3              12090
BANK MUTUAL CORP NEW      COM         063750103        141     12234 SH              X               3      10349             1885
BANK OF NEW YORK MELLON   COM         064058100       2422     85490 SH              X               2      85490
BANK OF NEW YORK MELLON   COM         064058100        927     32734 SH                     X        3       1322   20823    10589
BANK OF NEW YORK MELLON   COM         064058100       3413    120487 SH              X               3      94960     100    25427
BNY MELLON CORP           COM         064058100         45      1600 SH              X               2                        1600
BARD C R INC              COM         067383109         21       250 SH                     X      1,3        250
BARD C R INC              COM         067383109       1436     17046 SH                     X        3      16400     496      150
BARD C R INC              COM         067383109       1218     14451 SH              X               3       9114     108     5229
BARCLAYS BK PLC           DJAIG CMDTY 06738C778          4       110 SH              X               2        110
BARCLAYS BK PLC           DJAIG CMDTY 06738C778         63      1800 SH                     X        3       1400     400
BARCLAYS BK PLC           DJAIG CMDTY 06738C778       1878     53373 SH              X               3      52863              510
BARRICK GOLD CORP         COM         067901108        129      3499 SH              X               3       3499
BARRICK GOLD CORP         COM         067901108        644     17510 SH                     X        3              17510
BAXTER INTL INC           COM         071813109         10       192 SH                     X      1,3        192
BAXTER INTL INC           COM         071813109        130      2425 SH              X             1,3       2425
BAXTER INTL INC           COM         071813109       3403     63500 SH              X               2      63500
BAXTER INTL INC           COM         071813109       1210     22585 SH                     X        3      11044   11541
BAXTER INTL INC           COM         071813109      13653    254762 SH              X               3     253356     655      751
BAXTER INTERNATIONAL      COM         071813109        635     11840 SH              X               2                       11840
BECTON DICKINSON & CO     COM         075887109         21       300 SH              X             1,3        300
BECTON DICKINSON & CO     COM         075887109       3637     53180 SH              X               2      53180
BECTON DICKINSON & CO     COM         075887109         32       468 SH                     X        3                468
BECTON DICKINSON & CO     COM         075887109       2059     30114 SH              X               3      29897      40      177
BELDEN INC                COM         077454106         51      2455 SH                     X        3                345     2110
BELDEN INC                COM         077454106        476     22788 SH              X               3      17054             5734
BEMIS INC                 COM         081437105         66      2768 SH                     X        3               2768
BEMIS INC                 COM         081437105       1284     54242 SH              X               3      51308             2934
BERKLEY W R CORP          COM         084423102       1720     55490 SH              X               2      55490
BERKLEY W R CORP          COM         084423102        295      9515 SH              X               3       7721             1794
BERKSHIRE HATHAWAY INC    CL A        084670108        580         6 SH              X               3          6
BERKSHIRE HATHAWAY INC    CL A        084670108       1546        16 SH                     X        3                 13        3
BERKSHIRE HATHAWAY INC    CL B        084670207       1289       401 SH                     X        3          4     347       50
BERKSHIRE HATHAWAY INC    CL B        084670207       3159       983 SH              X               3        849      15      119
BEST BUY INC              COM         086516101       4257    151442 SH              X               2     151442
BEST BUY INC              COM         086516101        211      7506 SH                     X        3       1025    6481
BEST BUY INC              COM         086516101       2390     85024 SH              X               3      68032      55    16937
BHP BILLITON LTD          SPON ADR    088606108       1194     27825 SH              X             1,3      27825
BHP BILLITON LTD          SPON ADR    088606108         92      2150 SH                     X      1,3       1650     500
BHP BILLITON LTD          SPON ADR    088606108        534     12452 SH                     X        3        900   10720      832
BHP BILLITON LTD          SPON ADR    088606108        605     14100 SH              X               3      12857             1243
BIG LOTS INC              COM         089302103        656     45300 SH              X               2      45300
BIG LOTS INC              COM         089302103        534     36792 SH              X               3      36792
BIG LOTS INC              COM         089302103         11       766 SH                     X        3                766
BIO RAD LABS INC          CL A        090572207        245      3255 SH              X               3       3050              205
BIO-REFERENCE LABS INC    COM NEW     09057G602       1577     60120 SH              X               2      60120
BIO-REFERENCE LABS INC    COM NEW     09057G602        294     11205 SH              X               3      11156               49
BIOGEN IDEC INC           COM         09062X103       1624     34100 SH              X               2      34100
BIOGEN IDEC INC           COM         09062X103         52      1094 SH                     X        3               1094
BIOGEN IDEC INC           COM         09062X103        295      6200 SH              X               3       6029              171
BIOTECH HOLDERS TRUST     DEP RCPTS   09067D201         17       100 SH              X               2                         100
BLACKROCK INC             COM         09247X101        186      1390 SH              X               3       1390
BLACKROCK INC             COM         09247X101        421      3135 SH                     X        3       2990              145
BLACKROCK WORLD INVT TR   COMSHBINT   09250K103        128     14544 SH              X               3      14544
BLOCK H & R INC           COM         093671105       1113     49000 SH              X               2      49000
BLOCK H & R INC           COM         093671105         88      3893 SH                     X        3       1600    2293
BLOCK H & R INC           COM         093671105        331     14535 SH              X               3      10689     157     3689
BLOCKBUSTER INC           CL A        093679108       1134    899870 SH              X               2     899870
BLOCKBUSTER INC           CL A        093679108        211    167620 SH              X               3     166884              736
BOEING CO                 COM         097023105          9       206 SH                     X      1,3        206
BOEING CO                 COM         097023105         23       550 SH              X             1,3        550
BOEING CO                 COM         097023105        125      2934 SH              X               2       2934





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
BOEING CO                 COM         097023105        795     18641 SH                     X        3       1482   17025      134
BOEING CO                 COM         097023105       8500    199207 SH              X               3     190780    4798     3629
BOEING CO                 COM         097023105        573     13426 SH              X               2                       13426
BORDERS GROUP INC         COM         099709107          8     19321 SH              X               3      19321
BORGWARNER INC            COM         099724106       2003     91993 SH              X               2      91993
BORGWARNER INC            COM         099724106          7       330 SH                     X        3                330
BORGWARNER INC            COM         099724106        725     33341 SH              X               3      29168             4173
BOSTON SCIENTIFIC CORP    COM         101137107         98     12616 SH              X               3      12616
BRADY CORP                CL A        104674106        887     37036 SH                     X        3              37036
BRADY CORP                CL A        104674106        153      6380 SH              X               3       6158              222
BRIGGS & STRATTON CORP    COM         109043109        266     15100 SH                     X        3        800   14300
BRIGGS & STRATTON CORP    COM         109043109        270     15346 SH              X               3      14019             1327
BRISTOL MYERS SQUIBB CO   COM         110122108         77      3300 SH                     X      1,3       3200     100
BRISTOL MYERS SQUIBB CO   COM         110122108        833     35840 SH              X             1,3      35540     300
BRISTOL MYERS SQUIBB CO   COM         110122108       4263    183335 SH              X               2     183335
BRISTOL MYERS SQUIBB CO   COM         110122108       9308    400351 SH              X               3     392297    4443     3611
BRISTOL MYERS SQUIBB CO   COM         110122108       1522     65475 SH                     X        3       7482   52154     5839
BRITISH AMERN TOB PLC     SPON ADR    110448107         51       952 SH                     X        3                316      636
BRITISH AMERN TOB PLC     SPON ADR    110448107        159      3001 SH              X               3       2049              952
BROADCOM CORP             CL A        111320107        468     27607 SH              X               3      27607
BROADCOM CORP             CL A        111320107         66      3885 SH                     X        3                420     3465
BROCADE COMMUNICATIONS    COM NEW     111621306          7      2413 SH                     X        3               2413
BROCADE COMMUNICATIONS    COM NEW     111621306         45     15795 SH              X               3      11220             4575
BROWN FORMAN CORP         CL B        115637209        125      2432 SH                     X        3               2432
BROWN FORMAN CORP         CL B        115637209        353      6864 SH              X               3       6826               38
BRUNSWICK CORP            COM         117043109          2       570 SH                     X        3                120      450
BRUNSWICK CORP            COM         117043109         59     14006 SH              X               3       6556             7450
BURLINGTON NORTHN SANTA   COM         12189T104       1423     18800 SH              X               2      18800
BURLINGTON NORTHN SANTA   COM         12189T104       1505     19879 SH              X               3      18356      41     1482
BURLINGTON NORTHN SANTA   COM         12189T104        958     12648 SH                     X        3        223    8675     3750
C&D TECHNOLOGIES INC      COM         124661109        106     33844 SH              X               3      33844
CBIZ INC                  COM         124805102       2670    308740 SH              X               2     308740
CBIZ INC                  COM         124805102        498     57541 SH              X               3      57288              253
CBS CORP NEW              CL B        124857202         42      5095 SH              X               2       5095
CBS CORP NEW              CL B        124857202         32      3928 SH                     X        3               3928
CBS CORP NEW              CL B        124857202       1061    129542 SH              X               3     128231     405      906
CB RICHARD ELLIS GR INC   CL A        12497T101        111     25628 SH              X               3      25628
CB RICHARD ELLIS GR INC   CL A        12497T101          9      2175 SH                     X        3               2175
C H ROBINSON WORLDWIDE    COM NEW     12541W209        543      9863 SH                     X        3       1135    2301     6427
C H ROBINSON WORLDWIDE    COM NEW     12541W209       1864     33874 SH              X               3      16725            17149
CIGNA CORP                COM         125509109       1807    107228 SH              X               2     107228
CIGNA CORP                COM         125509109         20      1170 SH                     X        3                870      300
CIGNA CORP                COM         125509109        791     46924 SH              X               3      41794             5130
CME GROUP INC             COM         12572Q105       1429      6870 SH              X               2       6870
CME GROUP INC             COM         12572Q105        635      3050 SH              X               3       3050
CME GROUP INC             COM         12572Q105        237      1140 SH                     X        3               1041       99
CMS ENERGY CORP           COM         125896100       3384    334766 SH              X               2     334766
CMS ENERGY CORP           COM         125896100          5       519 SH                     X        3                519
CMS ENERGY CORP           COM         125896100        975     96443 SH              X               3      84013            12430
CSX CORP                  COM         126408103         65      2000 SH              X             1,3       2000
CSX CORP                  COM         126408103       1136     35000 SH              X               2      35000
CSX CORP                  COM         126408103        276      8496 SH                     X        3               8496
CSX CORP                  COM         126408103        556     17120 SH              X               3      17029               91
CVS CAREMARK CORP         COM         126650100          6       200 SH              X             1,3        200
CVS CAREMARK CORP         COM         126650100       6490    225790 SH              X               2     225790
CVS CAREMARK CORP         COM         126650100        697     24237 SH                     X        3       3342   10576    10319
CVS CAREMARK CORP         COM         126650100       4920    171224 SH              X               3     159082            12142
CA INC                    COM         12673P105         68      3646 SH                     X        3               3646
CA INC                    COM         12673P105        131      7085 SH              X               3       6895              190
CAMECO CORP               COM         13321L108         26      1512 SH              X               3       1512
CAMECO CORP               COM         13321L108        301     17456 SH                     X        3              17456
CAMPBELL SOUP CO          COM         134429109         30      1000 SH              X             1,3       1000
CAMPBELL SOUP CO          COM         134429109        115      3839 SH                     X        3               3839
CAMPBELL SOUP CO          COM         134429109        652     21738 SH              X               3      21443     150      145
CANON INC                 ADR         138006309        163      5199 SH                     X        3               3880     1319
CANON INC                 ADR         138006309        994     31648 SH              X               3      17655            13993
CAPITAL ONE FINL CORP     COM         14040H105       1445     45318 SH              X               2      45318
CAPITAL ONE FINL CORP     COM         14040H105        130      4066 SH                     X        3               4066
CAPITAL ONE FINL CORP     COM         14040H105        849     26630 SH              X               3      25050             1580
CAPSTEAD MTG CORP         COM NO PAR  14067E506       3234    300340 SH              X               2     300340
CAPSTEAD MTG CORP         COM NO PAR  14067E506        399     37006 SH              X               3      36848              158
CARDINAL HEALTH INC       COM         14149Y108          3        73 SH              X             1,3         73
CARDINAL HEALTH INC       COM         14149Y108        515     14951 SH                     X        3         21   13195     1735
CARDINAL HEALTH INC       COM         14149Y108       2415     70054 SH              X               3      56407      39    13608
CARDINAL HEALTH INC       COM         14149Y108          5       156 SH              X               2                         156
CARDIONET INC             COM         14159L103       3116    126380 SH              X               2     126380
CARDIONET INC             COM         14159L103        552     22408 SH              X               3      22305              103
CARNIVAL CORP             PAIRED CTF  143658300        115      4741 SH              X               3       4741
CARNIVAL CORP             PAIRED CTF  143658300        181      7431 SH                     X        3               7431
CARRIZO OIL & CO INC      COM         144577103       1903    118220 SH              X               2     118220
CARRIZO OIL & CO INC      COM         144577103        355     22033 SH              X               3      21936               97
CASEYS GEN STORES INC     COM         147528103         35      1540 SH                     X        3                        1540
CASEYS GEN STORES INC     COM         147528103        200      8787 SH              X               3       3825             4962
CATERPILLAR INC DEL       COM         149123101        105      2350 SH              X             1,3       2350
CATERPILLAR INC DEL       COM         149123101        112      2509 SH              X               2       2509
CATERPILLAR INC DEL       COM         149123101       2826     63272 SH                     X        3      30993   31679      600
CATERPILLAR INC DEL       COM         149123101       7017    157076 SH              X               3     151552    2565     2959
CELGENE CORP              COM         151020104       2614     47300 SH              X               2      47300
CELGENE CORP              COM         151020104        283      5120 SH                     X        3        510    2340     2270





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
CELGENE CORP              COM         151020104       2255     40774 SH              X               3      34446     340     5988
CEMEX SAB DE CV           SP ADR NEW  151290889         98     10743 SH              X               3      10743
CENTERPOINT ENERGY INC    COM         15189T107       2044    162000 SH              X               2     162000
CENTERPOINT ENERGY INC    COM         15189T107         26      2023 SH                     X        3               2023
CENTERPOINT ENERGY INC    COM         15189T107       1481    117321 SH              X               3     116001     446      874
CENTEX CORP               COM         152312104        161     15093 SH              X               3      15093
CENTEX CORP               COM         152312104          4       367 SH                     X        3                367
CENTRAIS ELETRICAS BRAS   SPADRPFDB   15234Q108          1        83 SH              X               3         83
CENTRAIS ELETRICAS BRAS   SPADRPFDB   15234Q108        159     14920 SH                     X        3              14920
CENTRAL EUROPEAN DIST     COM         153435102       1651     83820 SH              X               2      83820
CENTRAL EUROPEAN DIST     COM         153435102        315     15960 SH              X               3      15892               68
CENTURYTEL INC            COM         156700106        210      7671 SH              X               3       7671
CENTURYTEL INC            COM         156700106          2        87 SH                     X        3                 87
CEPHALON INC              COM         156708109        243      3152 SH              X               3       3152
CEPHALON INC              COM         156708109         13       170 SH                     X        3                170
CENVEO INC                COM         15670S105         82     18400 SH              X               3      18400
CERNER CORP               COM         156782104       1203     31300 SH              X               2      31300
CERNER CORP               COM         156782104        412     10697 SH              X               3       1636             9061
CHATTEM INC               COM         162456107       5049     70580 SH              X               2      70580
CHATTEM INC               COM         162456107        609      8520 SH              X               3       8103              417
CHECKPOINT SYS INC        COM         162825103        266     27020 SH              X               3      27020
CHESAPEAKE ENERGY CORP    COM         165167107          5       300 SH              X             1,3        300
CHESAPEAKE ENERGY CORP    COM         165167107       4046    250200 SH              X               2     250200
CHESAPEAKE ENERGY CORP    COM         165167107        132      8176 SH              X               3       8176
CHESAPEAKE ENERGY CORP    COM         165167107         19      1167 SH                     X        3               1167
CHEVRON CORP NEW          COM         166764100        305      4125 SH              X             1,3       4125
CHEVRON CORP NEW          COM         166764100         98      1325 SH                     X      1,3        900     425
CHEVRON CORP NEW          COM         166764100       8551    115603 SH              X               2     115603
CHEVRON CORP NEW          COM         166764100       5985     80907 SH                     X        3      15624   60549     4734
CHEVRON CORP NEW          COM         166764100      41070    555224 SH              X               3     535174   14490     5560
CHUBB CORP                COM         171232101         10       200 SH                     X      1,3        200
CHUBB CORP                COM         171232101       3900     76480 SH              X               2      76480
CHUBB CORP                COM         171232101        231      4537 SH                     X        3               4537
CHUBB CORP                COM         171232101       3231     63351 SH              X               3      62521     750       80
CHURCH & DWIGHT INC       COM         171340102        432      7689 SH              X               3       1471             6218
CIENA CORP                COM NEW     171779309        245     36599 SH              X               3      36599
CIMAREX ENERGY CO         COM         171798101       2572     96076 SH              X               2      96076
CIMAREX ENERGY CO         COM         171798101        599     22344 SH              X               3      19129             3215
CINCINNATI BELL INC NEW   COM         171871106         26     13690 SH              X               3      13690
CINCINNATI FINL CORP      COM         172062101         53      1807 SH                     X        3               1807
CINCINNATI FINL CORP      COM         172062101       2831     97396 SH              X               3      97037              359
CIRRUS LOGIC INC          COM         172755100         44     16362 SH              X               3      16362
CISCO SYS INC             COM         17275R102       1076     65990 SH              X             1,3      65990
CISCO SYS INC             COM         17275R102        104      6350 SH                     X      1,3       5200    1150
CISCO SYS INC             COM         17275R102       4960    304270 SH              X               2     304270
CISCO SYS INC             COM         17275R102       2913    178689 SH                     X        3      31015  136421    11253
CISCO SYS INC             COM         17275R102      19811   1215411 SH              X               3    1137188   24537    53686
CISCO SYSTEMS INC         COM         17275R102        170     10400 SH              X               2                       10400
CINTAS CORP               COM         172908105       1747     75242 SH              X               2      75242
CINTAS CORP               COM         172908105        148      6350 SH                     X        3               6350
CINTAS CORP               COM         172908105       1441     62025 SH              X               3      41140            20885
CITIGROUP INC             COM         172967101          2       250 SH              X             1,3        250
CITIGROUP INC             COM         172967101          2       250 SH                     X      1,3        250
CITIGROUP INC             COM         172967101       7894   1176471 SH  CALL        X               2
CITIGROUP INC             COM         172967101          2       340 SH              X               2        340
CITIGROUP INC             COM         172967101        287     42784 SH                     X        3        980   41804
CITIGROUP INC             COM         172967101       1736    258728 SH              X               3     246002    3213     9513
CITRIX SYS INC            COM         177376100          4       178 SH                     X        3                178
CITRIX SYS INC            COM         177376100        697     29584 SH              X               3      17117     137    12330
CITY NATL CORP            COM         178566105       2829     58100 SH              X               2      58100
CITY NATL CORP            COM         178566105        178      3657 SH                     X        3               3657
CITY NATL CORP            COM         178566105        723     14839 SH              X               3      12162             2677
CLARCOR INC               COM         179895107        465     14000 SH                     X        3              14000
CLARCOR INC               COM         179895107         66      2003 SH              X               3       1103              900
CLAYMORE EXCHANGE TRADE   BNY BRI&C   18383M100        301     13041 SH              X               3      13041
CLAYMORE EXCHANGE TRADE   BNY BRI&C   18383M100         70      3048 SH                     X        3                        3048
CLEAN HARBORS INC         COM         184496107       2230     35140 SH              X               2      35140
CLEAN HARBORS INC         COM         184496107        444      7006 SH              X               3       6727              279
CLOROX CO DEL             COM         189054109         22       400 SH              X             1,3        400
CLOROX CO DEL             COM         189054109         28       500 SH                     X      1,3        500
CLOROX CO DEL             COM         189054109       1771     31890 SH              X               2      31890
CLOROX CO DEL             COM         189054109        557     10022 SH                     X        3       7748    1774      500
CLOROX CO DEL             COM         189054109       3800     68391 SH              X               3      65919             2472
COACH INC                 COM         189754104        415     19977 SH                     X        3      18175     377     1425
COACH INC                 COM         189754104        879     42322 SH              X               3      36692             5630
COCA COLA CO              COM         191216100         72      1600 SH                     X      1,3       1500     100
COCA COLA CO              COM         191216100        844     18649 SH              X             1,3      18524     125
COCA COLA CO              COM         191216100       6303    139223 SH              X               2     139223
COCA COLA CO              COM         191216100       3404     75189 SH                     X        3      11335   60414     3440
COCA COLA CO              COM         191216100      21428    473336 SH              X               3     433381   27074    12881
COCA COLA ENT INC         COM         191219104        142     11770 SH              X               3      11770
COGENT INC                COM         19239Y108       3237    238500 SH              X               2     238500
COGENT INC                COM         19239Y108        357     26308 SH              X               3      26196              112
COGNIZANT TECH SOLUTIO    CL A        192446102          9       500 SH                     X        3        500
COGNIZANT TECH SOLUTIO    CL A        192446102        668     37008 SH              X               3      23478            13530
COLGATE PALMOLIVE CO      COM         194162103          7       100 SH              X             1,3        100
COLGATE PALMOLIVE CO      COM         194162103          7       100 SH                     X      1,3                100
COLGATE PALMOLIVE CO      COM         194162103       5060     73825 SH              X               2      73825
COLGATE PALMOLIVE CO      COM         194162103      15012    219022 SH              X               3     212227    6096      699





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
COLGATE PALMOLIVE CO      COM         194162103       2855     41657 SH                     X        3       9235   30922     1500
COLLECTIVE BRANDS INC     COM         19421W100        123     10515 SH                     X        3              10515
COLLECTIVE BRANDS INC     COM         19421W100         13      1120 SH              X               3        755              365
COLONIAL BANCGROUP INC    COM         195493309         35     16689 SH              X               3      12469             4220
COMCAST CORP NEW          CL A        20030N101         28      1645 SH              X             1,3       1645
COMCAST CORP NEW          CL A        20030N101        138      8202 SH              X               2       8202
COMCAST CORP NEW          CL A        20030N101        221     13087 SH                     X        3       2824   10263
COMCAST CORP NEW          CL A        20030N101       5590    331150 SH              X               3     323359    3031     4760
COMCAST CORP              CL A        20030N101        148      8785 SH              X               2                        8785
COMCAST CORP NEW          CL A SPL    20030N200          6       342 SH              X               3        342
COMCAST CORP NEW          CL A SPL    20030N200        193     11941 SH                     X        3               7162     4779
COMERICA INC              COM         200340107        359     18065 SH              X               3      18065
COMERICA INC              COM         200340107         36      1799 SH                     X        3       1000     799
COMMERCE BANCSHARES INC   COM         200525103       1233     28056 SH                     X        3              28056
COMMERCE BANCSHARES INC   COM         200525103       3541     80560 SH              X               3      79762              798
COMPANHIA DE BEBIDAS      SP ADR PFD  20441W203         57      1280 SH                     X        3                425      855
COMPANHIA DE BEBIDAS      SP ADR PFD  20441W203        182      4113 SH              X               3       2839             1274
COMPUTER SCIENCES CORP    COM         205363104        624     17753 SH              X               3      17753
COMPUTER SCIENCES CORP    COM         205363104        134      3809 SH                     X        3               3409      400
COMPUWARE CORP            COM         205638109        176     26102 SH              X               3      26102
CONAGRA FOODS INC         COM         205887102          5       300 SH                     X      1,3        300
CONAGRA FOODS INC         COM         205887102          7       400 SH              X             1,3        400
CONAGRA FOODS INC         COM         205887102         75      4520 SH              X               2       4520
CONAGRA FOODS INC         COM         205887102         79      4771 SH                     X        3               4771
CONAGRA FOODS INC         COM         205887102       1423     86272 SH              X               3      85043     253      976
CON-WAY INC               COM         205944101       2429     91310 SH              X               2      91310
CON-WAY INC               COM         205944101        556     20899 SH              X               3      17096             3803
CONOCOPHILLIPS            COM         20825C104       1253     24180 SH              X             1,3      24030     150
CONOCOPHILLIPS            COM         20825C104        126      2430 SH                     X      1,3       2086     344
CONOCOPHILLIPS            COM         20825C104       5655    109170 SH              X               2     109170
CONOCOPHILLIPS            COM         20825C104       1739     33574 SH                     X        3      15389   15269     2916
CONOCOPHILLIPS            COM         20825C104       7962    153714 SH              X               3     149526     479     3709
CONSECO INC               COM NEW     208464883        227     43770 SH              X               3      43770
CONSOL ENERGY INC         COM         20854P109        247      8627 SH              X               3       8627
CONSOL ENERGY INC         COM         20854P109          1        27 SH                     X        3                 27
CONSOLIDATED EDISON INC   COM         209115104        145      3725 SH              X               2       3725
CONSOLIDATED EDISON INC   COM         209115104        132      3384 SH                     X        3               3384
CONSOLIDATED EDISON INC   COM         209115104       3632     93299 SH              X               3      90925     915     1459
CONSTELLATION ENERGY GR   COM         210371100          9       357 SH                     X        3                357
CONSTELLATION ENERGY GR   COM         210371100        285     11356 SH              X               3      10960              396
CONTANGO OIL & GAS CO     COM NEW     21075N204       9678    171906 SH              X               2     171906
CONTANGO OIL & GAS CO     COM NEW     21075N204       1054     18712 SH              X               3      18632               80
CONTINENTAL AIRLS INC     CL B        210795308       1726     95561 SH              X               2      95561
CONTINENTAL AIRLS INC     CL B        210795308        459     25431 SH              X               3      22341             3090
CONVERGYS CORP            COM         212485106        136     21148 SH              X               3      21148
CONVERGYS CORP            COM         212485106          6       988 SH                     X        3                988
COPART INC                COM         217204106       1286     47300 SH              X               2      47300
COPART INC                COM         217204106         63      2326 SH              X               3       1877              449
CORINTHIAN COLLEGES INC   COM         218868107        332     20258 SH              X               3      18500             1758
CORNELL COMPANIES INC     COM         219141108       2598    139730 SH              X               2     139730
CORNELL COMPANIES INC     COM         219141108        479     25746 SH              X               3      25632              114
CORNING INC               COM         219350105         66      6927 SH                     X        3               6927
CORNING INC               COM         219350105        937     98368 SH              X               3      97077     199     1092
CORRECTIONS CORP AMER     COM NEW     22025Y407       6148    375790 SH              X               2     375790
CORRECTIONS CORP AMER     COM NEW     22025Y407        659     40280 SH              X               3      38661             1619
COSTCO WHSL CORP NEW      COM         22160K105       1998     38064 SH              X               3      37404      42      618
COSTCO WHSL CORP NEW      COM         22160K105        343      6536 SH                     X        3        150    5569      817
COVANCE INC               COM         222816100         41       885 SH                     X        3                885
COVANCE INC               COM         222816100        393      8530 SH              X               3       1925             6605
COVENTRY HLTH CARE INC    COM         222862104        358     24092 SH              X               3      24092
COVENTRY HLTH CARE INC    COM         222862104          8       558 SH                     X        3                558
CROWN CASTLE INTL CORP    COM         228227104       1503     85500 SH              X               2      85500
CROWN CASTLE INTL CORP    COM         228227104         13       714 SH              X               3        714
CUMMINS INC               COM         231021106         20       742 SH                     X        3                742
CUMMINS INC               COM         231021106        458     17131 SH              X               3      16738              393
CYBERSOURCE CORP          COM         23251J106       1560    130130 SH              X               2     130130
CYBERSOURCE CORP          COM         23251J106        260     21649 SH              X               3      21351              298
CYBERONICS INC            COM         23251P102        682     41142 SH              X               3      39814             1328
CYTEC INDS INC            COM         232820100       2197    103507 SH              X               2     103507
CYTEC INDS INC            COM         232820100          5       246 SH                     X        3        118     128
CYTEC INDS INC            COM         232820100        588     27726 SH              X               3      24005             3721
DNP SELECT INCOME FD      COM         23325P104        369     60130 SH              X               3      60130
DNP SELECT INCOME FD      COM         23325P104         18      3000 SH                     X        3               3000
DG FASTCHANNEL INC        COM         23326R109       2462    197290 SH              X               2     197290
DG FASTCHANNEL INC        COM         23326R109        421     33666 SH              X               3      33511              155
DTE ENERGY CO             COM         233331107        117      3275 SH              X               2       3275
DTE ENERGY CO             COM         233331107         48      1343 SH                     X        3               1343
DTE ENERGY CO             COM         233331107       2169     60805 SH              X               3      60207     182      416
DANAHER CORP DEL          COM         235851102       1054     18620 SH              X             1,3      18620
DANAHER CORP DEL          COM         235851102        109      1925 SH                     X      1,3       1475     450
DANAHER CORP DEL          COM         235851102        412      7285 SH                     X        3       1690    2096     3499
DANAHER CORP DEL          COM         235851102       2271     40125 SH              X               3      29817      34    10274
DAVITA INC                COM         23918K108       4790     96640 SH              X               2      96640
DAVITA INC                COM         23918K108        165      3333 SH                     X        3               3333
DAVITA INC                COM         23918K108       1119     22570 SH              X               3      19470             3100
DAYTON SUPERIOR CORP      COM         240028308          8     13200 SH              X               3      13200
DEAN FOODS CO NEW         COM         242370104         23      1300 SH              X             1,3       1300
DEAN FOODS CO NEW         COM         242370104        569     31654 SH              X               3      31654
DEAN FOODS CO NEW         COM         242370104         23      1290 SH                     X        3               1290





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
DEERE & CO                COM         244199105         27       700 SH              X             1,3        700
DEERE & CO                COM         244199105       1771     46210 SH              X               2      46210
DEERE & CO                COM         244199105       1850     48284 SH              X               3      47189    1015       80
DEERE & CO                COM         244199105        425     11089 SH                     X        3       2150    4845     4094
DELL INC                  COM         24702R101         26      2500 SH                     X      1,3       2500
DELL INC                  COM         24702R101        326     31800 SH              X             1,3      31300     500
DELL INC                  COM         24702R101         63      6140 SH              X               2       6140
DELL INC                  COM         24702R101        114     11127 SH                     X        3        430    9667     1030
DELL INC                  COM         24702R101       4246    414603 SH              X               3     405134    4808     4661
DELL INC                  COM         24702R101        102     10000 SH              X               2                       10000
DELTA AIR LINES INC       COM NEW     247361702        215     18802 SH              X               3      18802
DENBURY RES INC           COM NEW     247916208         30      2723 SH                     X        3                863     1860
DENBURY RES INC           COM NEW     247916208        114     10468 SH              X               3       5610             4858
DENNYS CORP               COM         24869P104         94     47420 SH              X               3      47420
DENTSPLY INTL INC NEW     COM         249030107         10       350 SH                     X      1,3        350
DENTSPLY INTL INC NEW     COM         249030107         79      2800 SH              X             1,3       2800
DENTSPLY INTL INC NEW     COM         249030107       3666    129822 SH              X               2     129822
DENTSPLY INTL INC NEW     COM         249030107         14       480 SH                     X        3                         480
DENTSPLY INTL INC NEW     COM         249030107        895     31680 SH              X               3      20280            11400
DEVELOPERS DIVERSIFIED    COM         251591103         67     13796 SH              X               3      13796
DEVELOPERS DIVERSIFIED    COM         251591103          0        89 SH                     X        3                 89
DEVON ENERGY CORP NEW     COM         25179M103       1478     22500 SH              X               2      22500
DEVON ENERGY CORP NEW     COM         25179M103        152      2308 SH                     X        3               2308
DEVON ENERGY CORP NEW     COM         25179M103       1068     16245 SH              X               3      16063              182
DEVRY INC DEL             COM         251893103       1630     28400 SH              X               2      28400
DEVRY INC DEL             COM         251893103        583     10142 SH              X               3       9391              751
DIAGEO P L C              SP ADR NEW  25243Q205        208      3662 SH                     X        3               3662
DIAGEO P L C              SP ADR NEW  25243Q205        970     17095 SH              X               3       9920             7175
DIAMONDROCK HSPTLITY CO   COM         252784301          8      1630 SH                     X        3                        1630
DIAMONDROCK HSPTLITY CO   COM         252784301         67     13285 SH              X               3       3680             9605
DIAMONDS TR               UNIT SER 1  252787106       5856     66913 SH              X               3      66913
DIAMONDS TR               UNIT SER 1  252787106        180      2060 SH                     X        3               2060
DICKS SPORTING GOODS      COM         253393102        286     20298 SH              X               3       1861            18437
DIGITAL RLTY TR INC       COM         253868103       1482     45100 SH              X               2      45100
DIGITAL RLTY TR INC       COM         253868103         12       377 SH              X               3        377
DIRECTV GROUP INC         COM         25459L106        409     17873 SH                     X        3       2030    2967    12876
DIRECTV GROUP INC         COM         25459L106       1166     50882 SH              X               3      37512            13370
DISNEY WALT CO            COM         254687106         11       500 SH              X             1,3        500
DISNEY WALT CO            COM         254687106         11       500 SH                     X      1,3        500
DISNEY WALT CO            COM         254687106          6       270 SH              X               2        270
DISNEY WALT CO            COM         254687106        855     37673 SH                     X        3       1525   36148
DISNEY WALT CO            COM         254687106       4718    207926 SH              X               3     194672   10615     2639
DISCOVER FINL SVCS        COM         254709108        402     42176 SH              X               3      41897              279
DISCOVER FINL SVCS        COM         254709108         46      4820 SH                     X        3               4486      334
DOLAN MEDIA CO            COM         25659P402         66     10000 SH              X               3      10000
DOLLAR TREE INC           COM         256746108       5704    136820 SH              X               2     136820
DOLLAR TREE INC           COM         256746108         27       648 SH                     X        3                648
DOLLAR TREE INC           COM         256746108        827     19833 SH              X               3      17672             2161
DOMINION RES INC VA NEW   COM         25746U109         14       400 SH              X             1,3        400
DOMINION RES INC VA NEW   COM         25746U109       4415    123205 SH              X               2     123205
DOMINION RES INC VA NEW   COM         25746U109        132      3693 SH                     X        3       1555    2138
DOMINION RES INC VA NEW   COM         25746U109       2608     72750 SH              X               3      70374      52     2324
DONALDSON INC             COM         257651109       1863     55368 SH              X               2      55368
DONALDSON INC             COM         257651109        553     16430 SH              X               3       8276             8154
DONNELLEY R R & SONS CO   COM         257867101          3       250 SH              X             1,3        250
DONNELLEY R R & SONS CO   COM         257867101        410     30210 SH              X               3      30210
DONNELLEY R R & SONS CO   COM         257867101         49      3621 SH                     X        3                745     2876
DOVER CORP                COM         260003108        433     13162 SH              X               3      13162
DOVER CORP                COM         260003108        175      5328 SH                     X        3       1060    4268
DOW CHEM CO               COM         260543103         54      3550 SH              X             1,3       3550
DOW CHEM CO               COM         260543103         27      1784 SH                     X      1,3       1334     450
DOW CHEM CO               COM         260543103        926     61385 SH              X               2      61385
DOW CHEM CO               COM         260543103        256     16965 SH                     X        3       3589   12026     1350
DOW CHEM CO               COM         260543103       2740    181601 SH              X               3     174372    2858     4371
DRPEPPER SNAPPLE GR INC   COM         26138E109        912     56127 SH              X               2      56127
DRPEPPER SNAPPLE GR INC   COM         26138E109        238     14641 SH              X               3      12841             1800
DU PONT E I DE NEMOURS    COM         263534109         83      3300 SH                     X      1,3       3200     100
DU PONT E I DE NEMOURS    COM         263534109        868     34295 SH              X             1,3      34045     250
DU PONT E I DE NEMOURS    COM         263534109        139      5475 SH              X               2       5475
DU PONT E I DE NEMOURS    COM         263534109       4022    158969 SH              X               3     155842     997     2130
DU PONT E I DE NEMOURS    COM         263534109        898     35497 SH                     X        3       3825   29489     2183
DUKE REALTY CORP          COM NEW     264411505         22      2020 SH                     X        3                750     1270
DUKE REALTY CORP          COM NEW     264411505        152     13853 SH              X               3      10682             3171
DUKE ENERGY CORP NEW      COM         26441C105        113      7530 SH                     X        3       1404    4426     1700
DUKE ENERGY CORP NEW      COM         26441C105       1168     77796 SH              X               3      74896             2900
DUN & BRADSTREET CORP     COM         26483E100       2108     27300 SH              X               2      27300
DUN & BRADSTREET CORP     COM         26483E100        237      3071 SH              X               3       3071
DUN & BRADSTREET CORP     COM         26483E100         15       190 SH                     X        3                         190
DYNCORP INTL INC          CL A        26817C101       2557    168530 SH              X               2     168530
DYNCORP INTL INC          CL A        26817C101        467     30805 SH              X               3      30668              137
DYNEGY INC DEL            CL A        26817G102         28     13976 SH              X               3      13976
DYNEGY INC DEL            CL A        26817G102          0         1 SH                     X        3                  1
E M C CORP MASS           COM         268648102        808     77159 SH              X               3      74815     503     1841
E M C CORP MASS           COM         268648102        104      9975 SH                     X        3        675    3531     5769
ENSCO INTL INC            COM         26874Q100        344     12103 SH              X               3      12103
ENSCO INTL INC            COM         26874Q100         57      2012 SH                     X        3               1652      360
ENI S P A                 SPON ADR    26874R108        163      3400 SH              X               3       3400
ENI S P A                 SPON ADR    26874R108         56      1172 SH                     X        3               1172
EOG RES INC               COM         26875P101          7       100 SH              X             1,3        100





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
EOG RES INC               COM         26875P101         85      1274 SH                     X        3               1274
EOG RES INC               COM         26875P101        484      7265 SH              X               3       7111      50      104
EASTMAN CHEM CO           COM         277432100         43      1345 SH              X               2       1345
EASTMAN CHEM CO           COM         277432100         24       744 SH                     X        3                744
EASTMAN CHEM CO           COM         277432100        654     20612 SH              X               3      20537               75
EASTMAN KODAK CO          COM         277461109         10      1580 SH                     X        3        100     630      850
EASTMAN KODAK CO          COM         277461109        119     18134 SH              X               3      15834             2300
EATON CORP                COM         278058102       2535     51008 SH              X               2      51008
EATON CORP                COM         278058102        241      4841 SH                     X        3        133    4068      640
EATON CORP                COM         278058102       1216     24459 SH              X               3      21771             2688
EATON VANCE CORP          COM NVTG    278265103         12       555 SH                     X        3                555
EATON VANCE CORP          COM NVTG    278265103        301     14341 SH              X               3       7042             7299
EBAY INC                  COM         278642103        224     16071 SH              X               3      15760     104      207
EBAY INC                  COM         278642103        169     12120 SH                     X        3              10760     1360
EBIX INC                  COM NEW     278715206       2926    122430 SH              X               2     122430
EBIX INC                  COM NEW     278715206        545     22799 SH              X               3      22699              100
ECOLAB INC                COM         278865100       1589     45200 SH              X               2      45200
ECOLAB INC                COM         278865100        848     24127 SH              X               3      17583    6484       60
ECOLAB INC                COM         278865100        211      6014 SH                     X        3               5314      700
EDISON INTL               COM         281020107         48      1500 SH              X             1,3       1500
EDISON INTL               COM         281020107       2263     70446 SH              X               2      70446
EDISON INTL               COM         281020107         24       738 SH                     X        3                738
EDISON INTL               COM         281020107       1271     39571 SH              X               3      36899      61     2611
EDWARDS LIFESCIENCES      COM         28176E108       1911     34780 SH              X               2      34780
EDWARDS LIFESCIENCES      COM         28176E108         36       657 SH                     X        3                657
EDWARDS LIFESCIENCES      COM         28176E108       1235     22467 SH              X               3      22081              386
EDWARDS LIFESCIENCES      COM         28176E108         25       448 SH              X               2                         448
EL PASO CORP              COM         28336L109         69      8829 SH              X               3       8829
EL PASO CORP              COM         28336L109         11      1374 SH                     X        3               1374
ELDORADO GOLD CORP NEW    COM         284902103       3108    391030 SH              X               2     391030
ELDORADO GOLD CORP NEW    COM         284902103        341     42878 SH              X               3      42696              182
ELECTRONIC ARTS INC       COM         285512109         75      4670 SH              X               2       4670
ELECTRONIC ARTS INC       COM         285512109         69      4288 SH                     X        3        310    3978
ELECTRONIC ARTS INC       COM         285512109       2045    127463 SH              X               3     120717    4379     2367
ELECTRONICS FOR IMAGING   COM         286082102        146     15225 SH              X               3      15225
EMBARQ CORP               COM         29078E105       4887    135887 SH              X               2     135887
EMBARQ CORP               COM         29078E105         65      1812 SH                     X        3               1812
EMBARQ CORP               COM         29078E105       4331    120445 SH              X               3     115648     179     4618
EMERSON ELEC CO           COM         291011104        721     19700 SH              X             1,3      19700
EMERSON ELEC CO           COM         291011104         68      1860 SH                     X      1,3       1760     100
EMERSON ELEC CO           COM         291011104       3869    105680 SH              X               2     105680
EMERSON ELEC CO           COM         291011104       4447    121457 SH                     X        3      13131  107826      500
EMERSON ELEC CO           COM         291011104       9207    251501 SH              X               3     249040    1265     1196
EMPLOYERS HOLDINGS INC    COM         292218104        168     10200 SH              X               3      10200
ENCANA CORP               COM         292505104        136      2921 SH              X               3       2160              761
ENCANA CORP               COM         292505104        339      7297 SH                     X        3               6510      787
ENERGIZER HLDGS INC       COM         29266R108       4292     79275 SH              X               3      78090             1185
ENERGIZER HLDGS INC       COM         29266R108       1968     36353 SH                     X        3        400    7203    28750
ENERPLUS RES FD           UT TR G NEW 29274D604        241     12327 SH              X               3      12327
ENNIS INC                 COM         293389102         72      5970 SH                     X        3               3700     2270
ENNIS INC                 COM         293389102        106      8768 SH              X               3       2613             6155
ENTERGY CORP NEW          COM         29364G103         25       300 SH              X             1,3        300
ENTERGY CORP NEW          COM         29364G103       3107     37378 SH              X               2      37378
ENTERGY CORP NEW          COM         29364G103          6        71 SH                     X        3                 71
ENTERGY CORP NEW          COM         29364G103       1145     13775 SH              X               3      12399             1376
EQUIFAX INC               COM         294429105         15       583 SH                     X        3                583
EQUIFAX INC               COM         294429105        411     15515 SH              X               3      14998      89      428
EQUINIX INC               COM NEW     29444U502       4923     92568 SH              X               2      92568
EQUINIX INC               COM NEW     29444U502        512      9626 SH              X               3       9583               43
EQUINIX INC               COM NEW     29444U502         42       790 SH                     X        3                         790
EQUITABLE RES INC         COM         294549100       3270     97472 SH              X               2      97472
EQUITABLE RES INC         COM         294549100        825     24569 SH              X               3      21429             3140
EQUITY RESIDENTIAL        SH BEN INT  29476L107        106      3550 SH              X               2       3550
EQUITY RESIDENTIAL        SH BEN INT  29476L107         55      1855 SH                     X        3        200    1655
EQUITY RESIDENTIAL        SH BEN INT  29476L107       2299     77110 SH              X               3      76633      76      401
ERICSSON L M TEL CO       ADRBSEK10   294821608        214     27398 SH                     X        3              20741     6657
ERICSSON L M TEL CO       ADRBSEK10   294821608        223     28529 SH              X               3      10971            17558
EURONET WORLDWIDE INC     COM         298736109        392     33800 SH              X               3      33800
EXELON CORP               COM         30161N101        135      2426 SH                     X      1,3       2426
EXELON CORP               COM         30161N101        443      7966 SH              X             1,3       7966
EXELON CORP               COM         30161N101        169      3036 SH              X               2       3036
EXELON CORP               COM         30161N101        574     10326 SH                     X        3       1095    9231
EXELON CORP               COM         30161N101       8486    152594 SH              X               3     147982    3115     1497
EXPEDIA INC DEL           COM         30212P105          2       225 SH              X             1,3        225
EXPEDIA INC DEL           COM         30212P105       2152    261120 SH              X               2     261120
EXPEDIA INC DEL           COM         30212P105          5       567 SH                     X        3                567
EXPEDIA INC DEL           COM         30212P105        531     64468 SH              X               3      54978             9490
EXPEDITORS INTLWASHINC    COM         302130109          2        50 SH              X               2         50
EXPEDITORS INTLWASHINC    COM         302130109         16       467 SH                     X        3         25     110      332
EXPEDITORS INTLWASHINC    COM         302130109        550     16542 SH              X               3       7437             9105
EXPRESS SCRIPTS INC       COM         302182100       2081     37840 SH              X               2      37840
EXPRESS SCRIPTS INC       COM         302182100        164      2988 SH                     X        3        100    2888
EXPRESS SCRIPTS INC       COM         302182100       1103     20066 SH              X               3      19676              390
EXXON MOBIL CORP          COM         30231G102       2137     26765 SH              X             1,3      26615     150
EXXON MOBIL CORP          COM         30231G102        383      4800 SH                     X      1,3       4075     725
EXXON MOBIL CORP          COM         30231G102       8304    104015 SH              X               2     104015
EXXON MOBIL CORP          COM         30231G102      19207    240600 SH                     X        3      35884  201981     2735
EXXON MOBIL CORP          COM         30231G102      83096   1040914 SH              X               3    1000692   31377     8845
EXXON MOBIL CORP          COM         30231G102        399      5000 SH              X               2                        5000





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
FLIR SYS INC              COM         302445101       3169    103300 SH              X               2     103300
FLIR SYS INC              COM         302445101        305      9936 SH                     X        3       1412    2610     5914
FLIR SYS INC              COM         302445101       1317     42912 SH              X               3      14311            28601
FMC TECHNOLOGIES INC      COM         30249U101        166      6961 SH                     X        3       1050    1474     4437
FMC TECHNOLOGIES INC      COM         30249U101        657     27589 SH              X               3       7083            20506
FNB CORP PA               COM         302520101        338     25584 SH              X               3      25584
FPL GROUP INC             COM         302571104         25       500 SH                     X      1,3        500
FPL GROUP INC             COM         302571104         60      1200 SH              X             1,3       1200
FPL GROUP INC             COM         302571104        381      7574 SH                     X        3       1009    6565
FPL GROUP INC             COM         302571104       2307     45845 SH              X               3      41588    4157      100
FACTSET RESH SYS INC      COM         303075105          9       200 SH                     X        3                         200
FACTSET RESH SYS INC      COM         303075105        243      5484 SH              X               3        814             4670
FAMILY DLR STORES INC     COM         307000109         76      2917 SH                     X        3               2917
FAMILY DLR STORES INC     COM         307000109        598     22954 SH              X               3      18199             4755
FASTENAL CO               COM         311900104          3        80 SH              X               2         80
FASTENAL CO               COM         311900104         41      1166 SH                     X        3        345     436      385
FASTENAL CO               COM         311900104       1254     35970 SH              X               3      21910     750    13310
FEDERATED INVS INC PA     CL B        314211103        678     40000 SH              X               2      40000
FEDERATED INVS INC PA     CL B        314211103         88      5145 SH              X               3       5145
FEDERATED INVS INC PA     CL B        314211103          2       105 SH                     X        3                105
FEDEX CORP                COM         31428X106         63       981 SH                     X        3                981
FEDEX CORP                COM         31428X106        621      9688 SH              X               3       9576       8      104
FERRO CORP                COM         315405100         10      1360 SH                     X        3                        1360
FERRO CORP                COM         315405100         65      9251 SH              X               3       4981             4270
FIDELITY NATL INFO SV     COM         31620M106        176     10822 SH              X               3      10822
FIDELITY NATL INFO SV     COM         31620M106         14       833 SH                     X        3                833
FIDELITY NATIONAL FINL    CL A        31620R105        209     11781 SH              X               3       9190             2591
FIFTH THIRD BANCORP       COM         316773100        557     67489 SH              X               3      67489
FIFTH THIRD BANCORP       COM         316773100         19      2276 SH                     X        3        600    1676
FIRST HORIZON NATL CORP   COM         320517105       1550    146633 SH              X               2     146633
FIRST HORIZON NATL CORP   COM         320517105        334     31597 SH              X               3      26922             4675
FIRST NIAGARA FINL GP     COM         33582V108         24      1510 SH                     X        3                        1510
FIRST NIAGARA FINL GP     COM         33582V108        190     11767 SH              X               3       5636             6131
1ST SOURCE CORP           COM         336901103        776     32853 SH                     X        3              32853
FISERV INC                COM         337738108       1477     40600 SH              X               2      40600
FISERV INC                COM         337738108        185      5089 SH                     X        3               5089
FISERV INC                COM         337738108       1279     35170 SH              X               3      27575     325     7270
FIRSTENERGY CORP          COM         337932107         10       200 SH              X             1,3        200
FIRSTENERGY CORP          COM         337932107        321      6605 SH              X               3       6605
FIRSTENERGY CORP          COM         337932107        182      3751 SH                     X        3               3751
FLUOR CORP NEW            COM         343412102        280      6230 SH              X               3       6230
FLUOR CORP NEW            COM         343412102         99      2202 SH                     X        3               1852      350
FLOWERS FOODS INC         COM         343498101        318     13069 SH              X               3       1596            11473
FLOWSERVE CORP            COM         34354P105        132      2560 SH                     X        3        465     709     1386
FLOWSERVE CORP            COM         34354P105        665     12911 SH              X               3       4304             8607
FOOT LOCKER INC           COM         344849104          6       840 SH                     X        3                         840
FOOT LOCKER INC           COM         344849104         69      9380 SH              X               3       5448             3932
FORD MTR CO DEL           COMPAR .01  345370860          3      1500 SH              X             1,3       1500
FORD MTR CO DEL           COMPAR .01  345370860        434    189335 SH              X               3     189335
FORD MTR CO DEL           COMPAR .01  345370860          1       298 SH                     X        3         98     200
FOREST LABS INC           COM         345838106       1493     58600 SH              X               2      58600
FOREST LABS INC           COM         345838106        272     10671 SH                     X        3              10671
FOREST LABS INC           COM         345838106        620     24354 SH              X               3      23976     136      242
FORTUNE BRANDS INC        COM         349631101          8       200 SH              X             1,3        200
FORTUNE BRANDS INC        COM         349631101        371      8989 SH                     X        3       1600    7389
FORTUNE BRANDS INC        COM         349631101        444     10762 SH              X               3       9638     564      560
FRANKLIN RES INC          COM         354613101        193      3024 SH              X               3       2984               40
FRANKLIN RES INC          COM         354613101         60       944 SH                     X        3                744      200
FREEPORT-MCMORAN          COM         35671D857         91      3705 SH                     X        3               3705
FREEPORT-MCMORAN          COM         35671D857        223      9105 SH              X               3       8967              138
FRESENIUS MED CARE        SPON ADR    358029106        224      4757 SH              X               3       3512             1245
FRESENIUS MED CARE        SPON ADR    358029106         88      1869 SH                     X        3                414     1455
FRONTIER COMMUNICATIONS   COM         35906A108        130     14881 SH              X               3      14881
FRONTIER COMMUNICATIONS   COM         35906A108          0        16 SH                     X        3                 16
FUJIFILM HLDGS CORP       ADR 2 ORD   35958N107         29      1325 SH              X               3       1325
FUJIFILM HLDGS CORP       ADR 2 ORD   35958N107        298     13411 SH                     X        3              13411
GEO GROUP INC             COM         36159R103       1637     90830 SH              X               2      90830
GEO GROUP INC             COM         36159R103        332     18381 SH              X               3      18307               74
GABELLI EQUITY TR INC     COM         362397101         61     16360 SH              X               3      16360
GAMESTOP CORP NEW         CL A        36467W109       2289    105700 SH              X               2     105700
GAMESTOP CORP NEW         CL A        36467W109        206      9526 SH                     X        3        964    3985     4577
GAMESTOP CORP NEW         CL A        36467W109        356     16437 SH              X               3       6274            10163
GANNETT INC               COM         364730101        212     26482 SH              X               3      26282              200
GANNETT INC               COM         364730101         19      2384 SH                     X        3               1684      700
GAP INC DEL               COM         364760108       2172    162248 SH              X               2     162248
GAP INC DEL               COM         364760108        304     22673 SH                     X        3              17721     4952
GAP INC DEL               COM         364760108       1010     75413 SH              X               3      69717      96     5600
GARTNER INC               COM         366651107        179     10047 SH              X               3       9059              988
GENENTECH INC             COM NEW     368710406       2292     27638 SH              X               2      27638
GENENTECH INC             COM NEW     368710406       1619     19525 SH                     X        3       1185   18340
GENENTECH INC             COM NEW     368710406      10016    120810 SH              X               3     116440    3560      810
GENERAL COMMUNICATION     CL A        369385109        171     21175 SH              X               3      21175
GENERAL DYNAMICS CORP     COM         369550108       1756     30500 SH              X               2      30500
GENERAL DYNAMICS CORP     COM         369550108       1276     22143 SH              X               3      22039              104
GENERAL DYNAMICS CORP     COM         369550108        334      5802 SH                     X        3        100    5162      540
GENERAL ELECTRIC CO       COM         369604103        626     38659 SH              X             1,3      38659
GENERAL ELECTRIC CO       COM         369604103         87      5400 SH                     X      1,3       4050    1350
GENERAL ELECTRIC CO       COM         369604103        330     20386 SH              X               2      20386
GENERAL ELECTRIC CO       COM         369604103       7545    465745 SH                     X        3      98635  354386    12724





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
GENERAL ELECTRIC CO       COM         369604103      39196   2419480 SH              X               3    2251441   94523    73516
GENERAL MLS INC           COM         370334104          6       100 SH              X             1,3        100
GENERAL MLS INC           COM         370334104       2463     40545 SH              X               2      40545
GENERAL MLS INC           COM         370334104       1009     16612 SH                     X        3       7727    8485      400
GENERAL MLS INC           COM         370334104       3958     65146 SH              X               3      62144    1792     1210
GENERAL MTRS CORP         COM         370442105          1       250 SH                     X      1,3        250
GENERAL MTRS CORP         COM         370442105          2       750 SH              X             1,3        750
GENERAL MTRS CORP         COM         370442105          1       461 SH                     X        3                461
GENERAL MTRS CORP         COM         370442105         41     12793 SH              X               3      12689              104
GENOPTIX INC              COM         37243V100       1990     58390 SH              X               2      58390
GENOPTIX INC              COM         37243V100        371     10894 SH              X               3      10846               48
GENUINE PARTS CO          COM         372460105        740     19565 SH              X               2      19565
GENUINE PARTS CO          COM         372460105        108      2846 SH                     X        3               2846
GENUINE PARTS CO          COM         372460105        846     22329 SH              X               3      21882     286      161
GENWORTH FINANCIAL INC    COM CL A    37247D106          7      2500 SH              X               2                        2500
GENZYME CORP              COM         372917104       1825     27500 SH              X               2      27500
GENZYME CORP              COM         372917104        148      2231 SH              X               3       2231
GENZYME CORP              COM         372917104        163      2450 SH                     X        3               2450
GILEAD SCIENCES INC       COM         375558103       2202     43050 SH              X             1,3      42900     150
GILEAD SCIENCES INC       COM         375558103        222      4350 SH                     X      1,3       3250    1100
GILEAD SCIENCES INC       COM         375558103       2112     41300 SH  PUT         X               2
GILEAD SCIENCES INC       COM         375558103       4833     94500 SH              X               2      94500
GILEAD SCIENCES INC       COM         375558103       1233     24115 SH                     X        3       1573   10927    11615
GILEAD SCIENCES INC       COM         375558103       3776     73846 SH              X               3      60390    1014    12442
GLAXOSMITHKLINE PLC       SPON ADR    37733W105          7       200 SH              X             1,3        200
GLAXOSMITHKLINE PLC       SPON ADR    37733W105       1049     28139 SH              X               3      27664     475
GLAXOSMITHKLINE PLC       SPON ADR    37733W105        430     11539 SH                     X        3        100   10484      955
GLOBAL PMTS INC           COM         37940X102       2195     66950 SH              X               2      66950
GLOBAL PMTS INC           COM         37940X102          7       200 SH                     X        3                200
GLOBAL PMTS INC           COM         37940X102        582     17747 SH              X               3       8914             8833
GOLD FIELDS LTD NEW       SPON ADR    38059T106          4       393 SH              X               3        393
GOLD FIELDS LTD NEW       SPON ADR    38059T106        362     36429 SH                     X        3              36429
GOLDMAN SACHS GROUP INC   COM         38141G104       1279     15146 SH              X               2      15146
GOLDMAN SACHS GROUP INC   COM         38141G104        959     11361 SH                     X        3       2760    8376      225
GOLDMAN SACHS GROUP INC   COM         38141G104       6189     73349 SH              X               3      70402    2088      859
GOODRICH CORP             COM         382388106        235      6344 SH              X               3       6153              191
GOODRICH CORP             COM         382388106         64      1723 SH                     X        3                533     1190
GOODYEAR TIRE & RUBR CO   COM         382550101        104     17377 SH              X               3      17377
GOODYEAR TIRE & RUBR CO   COM         382550101          5       759 SH                     X        3                759
GOOGLE INC                CL A        38259P508         14        45 SH              X             1,3         45
GOOGLE INC                CL A        38259P508       4131     13427 SH              X               2      13427
GOOGLE INC                CL A        38259P508       1107      3599 SH                     X        3        175    2407     1017
GOOGLE INC                CL A        38259P508       6581     21392 SH              X               3      19737     356     1299
GRAINGER W W INC          COM         384802104         34       425 SH              X             1,3        425
GRAINGER W W INC          COM         384802104        329      4169 SH                     X        3        200    3649      320
GRAINGER W W INC          COM         384802104       1355     17190 SH              X               3      11815             5375
GREAT PLAINS ENERGY INC   COM         391164100        227     11757 SH              X               3      11757
GREAT PLAINS ENERGY INC   COM         391164100         26      1320 SH                     X        3        920     400
GREEN MTN COFFEE ROASTR   COM         393122106       2103     54340 SH              X               2      54340
GREEN MTN COFFEE ROASTR   COM         393122106        408     10530 SH              X               3      10350              180
GRUPO TELEVISA SA DE CV   SPADRREPORD 40049J206         55      3650 SH                     X        3               2052     1598
GRUPO TELEVISA SA DE CV   SPADRREPORD 40049J206        131      8797 SH              X               3       4268             4529
HCC INS HLDGS INC         COM         404132102       1059     39600 SH              X               2      39600
HCC INS HLDGS INC         COM         404132102         21       770 SH                     X        3                770
HCC INS HLDGS INC         COM         404132102        146      5432 SH              X               3       3945             1487
HCP INC                   COM         40414L109        214      7721 SH              X               3       7721
HCP INC                   COM         40414L109         57      2059 SH                     X        3               2059
HSBC HLDGS PLC            SP ADR NEW  404280406        483      9932 SH                     X        3               9164      768
HSBC HLDGS PLC            SP ADR NEW  404280406        371      7633 SH              X               3       5728     504     1401
HAEMONETICS CORP          COM         405024100       4080     72210 SH              X               2      72210
HAEMONETICS CORP          COM         405024100        504      8926 SH              X               3       8444              482
HAIN CELESTIAL GR INC     COM         405217100       1921    100590 SH              X               2     100590
HAIN CELESTIAL GR INC     COM         405217100         10       520 SH                     X        3                520
HAIN CELESTIAL GR INC     COM         405217100        363     19013 SH              X               3      18931               82
HALLIBURTON CO            COM         406216101       2191    120500 SH              X               2     120500
HALLIBURTON CO            COM         406216101        529     29117 SH              X               3      28444     101      572
HALLIBURTON CO            COM         406216101        160      8788 SH                     X        3        300    7878      610
HANGER ORTHOPEDIC GROUP   COM NEW     41043F208       2751    189560 SH              X               2     189560
HANGER ORTHOPEDIC GROUP   COM NEW     41043F208        505     34798 SH              X               3      34644              154
HANOVER INS GROUP INC     COM         410867105       4351    101249 SH              X               2     101249
HANOVER INS GROUP INC     COM         410867105       1085     25246 SH              X               3      20840             4406
HANSEN NAT CORP           COM         411310105         38      1125 SH                     X        3        525     600
HANSEN NAT CORP           COM         411310105       1378     41103 SH              X               3      39240     600     1263
HARLEY DAVIDSON INC       COM         412822108        862     50786 SH              X               3      50266     520
HARLEY DAVIDSON INC       COM         412822108        235     13864 SH                     X        3        800   13064
HARMAN INTL INDS INC      COM         413086109        181     10825 SH              X               3      10825
HARMAN INTL INDS INC      COM         413086109          8       498 SH                     X        3                498
HARRIS CORP DEL           COM         413875105       1682     44200 SH              X               2      44200
HARRIS CORP DEL           COM         413875105        132      3487 SH              X               3       3487
HARRIS CORP DEL           COM         413875105         16       420 SH                     X        3                420
HARSCO CORP               COM         415864107        908     32800 SH              X               2      32800
HARSCO CORP               COM         415864107          8       284 SH                     X        3                284
HARSCO CORP               COM         415864107         96      3468 SH              X               3       2289             1179
HARTFORD FINL SVCS GR     COM         416515104          5       300 SH                     X      1,3        300
HARTFORD FINL SVCS GR     COM         416515104         36      2166 SH                     X        3               1716      450
HARTFORD FINL SVCS GR     COM         416515104        277     16854 SH              X               3      15004             1850
HASBRO INC                COM         418056107        475     16270 SH              X               3      16270
HASBRO INC                COM         418056107         11       386 SH                     X        3                386
HAWAIIAN ELEC IND         COM         419870100        220      9919 SH              X               3       8509             1410





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
HEALTHSOUTH CORP          COM NEW     421924309        125     11400 SH              X               3      11400
HEINZ H J CO              COM         423074103        123      3260 SH              X               2       3260
HEINZ H J CO              COM         423074103       3611     96047 SH              X               3      94617     321     1109
HEINZ H J CO              COM         423074103        555     14751 SH                     X        3              13193     1558
HELMERICH & PAYNE INC     COM         423452101       1244     54672 SH              X               2      54672
HELMERICH & PAYNE INC     COM         423452101        326     14321 SH              X               3      11799             2522
HENRY JACK & ASSOC INC    COM         426281101         19      1000 SH              X             1,3       1000
HENRY JACK & ASSOC INC    COM         426281101        311     16000 SH                     X        3              16000
HENRY JACK & ASSOC INC    COM         426281101         89      4561 SH              X               3        941             3620
HERSHEY CO                COM         427866108          4       105 SH              X             1,3        105
HERSHEY CO                COM         427866108          5       140 SH                     X      1,3        140
HERSHEY CO                COM         427866108         91      2620 SH              X               2       2620
HERSHEY CO                COM         427866108         90      2594 SH                     X        3               2594
HERSHEY CO                COM         427866108        527     15163 SH              X               3      13697      76     1390
HESS CORP                 COM         42809H107       1199     22360 SH              X               2      22360
HESS CORP                 COM         42809H107        743     13840 SH              X               3      13840
HESS CORP                 COM         42809H107         64      1201 SH                     X        3               1201
HEWITT ASSOCS INC         COM         42822Q100       1288     45400 SH              X               2      45400
HEWITT ASSOCS INC         COM         42822Q100         11       379 SH              X               3        379
HEWLETT PACKARD CO        COM         428236103       1018     28050 SH              X             1,3      28050
HEWLETT PACKARD CO        COM         428236103         76      2090 SH                     X      1,3       1740     350
HEWLETT PACKARD CO        COM         428236103       5656    155840 SH              X               2     155840
HEWLETT PACKARD CO        COM         428236103       2380     65585 SH                     X        3      43505   14070     8010
HEWLETT PACKARD CO        COM         428236103       8566    236045 SH              X               3     220541    4129    11375
HILLENBRAND INC           COM         431571108       5001    299820 SH              X               2     299820
HILLENBRAND INC           COM         431571108        555     33276 SH              X               3      32148             1128
HOLOGIC INC               COM         436440101          7       500 SH              X             1,3        500
HOLOGIC INC               COM         436440101        112      8562 SH                     X        3       1066    2515     4981
HOLOGIC INC               COM         436440101        375     28704 SH              X               3      11771            16933
HOME DEPOT INC            COM         437076102         39      1700 SH                     X      1,3       1700
HOME DEPOT INC            COM         437076102        413     17950 SH              X             1,3      17700     250
HOME DEPOT INC            COM         437076102        179      7760 SH                     X        3        783    6977
HOME DEPOT INC            COM         437076102       3305    143583 SH              X               3     141571     602     1410
HONEYWELL INTL INC        COM         438516106          5       150 SH              X             1,3        150
HONEYWELL INTL INC        COM         438516106         18       562 SH                     X      1,3        562
HONEYWELL INTL INC        COM         438516106        849     25850 SH              X               2      25850
HONEYWELL INTL INC        COM         438516106        401     12227 SH                     X        3       2786    8091     1350
HONEYWELL INTL INC        COM         438516106       1258     38324 SH              X               3      34900      79     3345
HOSPIRA INC               COM         441060100          1        30 SH              X             1,3         30
HOSPIRA INC               COM         441060100          1        30 SH                     X      1,3         30
HOSPIRA INC               COM         441060100        240      8959 SH              X               3       8877      82
HOSPIRA INC               COM         441060100         65      2412 SH                     X        3        891     401     1120
HOST HOTELS & RESORTS     COM         44107P104        170     22453 SH              X               3      22453
HOST HOTELS & RESORTS     COM         44107P104          1       196 SH                     X        3                196
HUDSON CITY BANCORP       COM         443683107         20      1275 SH                     X        3               1275
HUDSON CITY BANCORP       COM         443683107        546     34227 SH              X               3      33215             1012
HUMANA INC                COM         444859102         16       425 SH                     X        3                425
HUMANA INC                COM         444859102        639     17151 SH              X               3      17049              102
HUNTINGTON BANCSHARES     COM         446150104         28      3624 SH                     X        3               1414     2210
HUNTINGTON BANCSHARES     COM         446150104        103     13423 SH              X               3       9243             4180
HURON CONSULTING GR INC   COM         447462102          7       119 SH                     X        3                119
HURON CONSULTING GR INC   COM         447462102        249      4345 SH              X               3                        4345
IAC INTERACTIVECORP       COM         44919P508       2694    171200 SH              X               2     171200
IAC INTERACTIVECORP       COM         44919P508        334     21292 SH              X               3      21213               79
IMS HEALTH INC            COM         449934108        329     21713 SH              X               3      21713
IMS HEALTH INC            COM         449934108         26      1710 SH                     X        3               1710
ITT EDUCATIONAL SVCS      COM         45068B109        524      5514 SH              X               3       5114              400
ITT CORP NEW              COM         450911102         92      2003 SH                     X        3       1120     633      250
ITT CORP NEW              COM         450911102       1106     24054 SH              X               3      23523      31      500
ICON PUB LTD CO           SPON ADR    45103T107       1063     53980 SH              X               2      53980
ICON PUB LTD CO           SPON ADR    45103T107        197      9992 SH                     X        3        330    9662
ICON PUB LTD CO           SPON ADR    45103T107       3638    184767 SH              X               3     178970    3820     1977
IDEX CORP                 COM         45167R104        307     12716 SH              X               3        748            11968
IDEXX LABS INC            COM         45168D104        336      9313 SH              X               3       1067             8246
IHS INC                   CL A        451734107       1358     36300 SH              X               2      36300
IHS INC                   CL A        451734107        220      5869 SH              X               3        304             5565
ILLINOIS TOOL WKS INC     COM         452308109          4       120 SH                     X      1,3        120
ILLINOIS TOOL WKS INC     COM         452308109        131      3740 SH              X             1,3       3540     200
ILLINOIS TOOL WKS INC     COM         452308109       1581     45096 SH                     X        3       6003   39093
ILLINOIS TOOL WKS INC     COM         452308109       2019     57606 SH              X               3      55664     724     1218
IMAX CORP                 COM         45245E109       5345   1198340 SH              X               2    1198340
IMAX CORP                 COM         45245E109        952    213484 SH              X               3     212504              980
IMPERIAL OIL LTD          COM NEW     453038408        258      7660 SH              X               3       6516             1144
IMPERIAL OIL LTD          COM NEW     453038408         58      1716 SH                     X        3                380     1336
INFINEON TECHNOLOGIES     SPON ADR    45662N103         16     11199 SH              X               3      11199
INFINEON TECHNOLOGIES     SPON ADR    45662N103          1       375 SH                     X        3                375
ING GROEP N V             SPON ADR    456837103        106      9550 SH              X               3       9550
ING GROEP N V             SPON ADR    456837103         23      2036 SH                     X        3               2036
ING GLBL EQDIV&PREMOPP    COM         45684E107        143     14695 SH              X               3      14695
INGRAM MICRO INC          CL A        457153104       3575    266935 SH              X               2     266935
INGRAM MICRO INC          CL A        457153104        948     70841 SH              X               3      59350            11491
INTEL CORP                COM         458140100        141      9650 SH              X             1,3       9650
INTEL CORP                COM         458140100         41      2800 SH                     X      1,3       1700    1100
INTEL CORP                COM         458140100       1625    110902 SH              X               2     110902
INTEL CORP                COM         458140100       1248     85128 SH                     X        3       5075   75144     4909
INTEL CORP                COM         458140100      12882    878710 SH              X               3     847375   19899    11436
INTEGRYS ENERGY GROUP     COM         45822P105         55      1289 SH              X             1,3       1289
INTEGRYS ENERGY GROUP     COM         45822P105       1596     37135 SH              X               2      37135
INTEGRYS ENERGY GROUP     COM         45822P105        232      5390 SH                     X        3               5390





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
INTEGRYS ENERGY GROUP     COM         45822P105       5830    135636 SH              X               3     134030    1147      459
INTERCONT EXCHANGE INC    COM         45865V100       1088     13200 SH              X               2      13200
INTERCONT EXCHANGE INC    COM         45865V100         66       800 SH              X               3        800
INTL BUSINESS MACHS       COM         459200101       1197     14220 SH              X             1,3      14220
INTL BUSINESS MACHS       COM         459200101        182      2163 SH                     X      1,3       1575     588
INTL BUSINESS MACHS       COM         459200101       7953     94500 SH              X               2      94500
INTL BUSINESS MACHS       COM         459200101       4456     52945 SH                     X        3       6652   41515     4778
INTL BUSINESS MACHS       COM         459200101      28109    333984 SH              X               3     311510    9118    13356
INTERNATIONAL GAME TECH   COM         459902102         17      1400 SH              X             1,3       1400
INTERNATIONAL GAME TECH   COM         459902102          2       200 SH              X               2        200
INTERNATIONAL GAME TECH   COM         459902102         11       961 SH                     X        3                961
INTERNATIONAL GAME TECH   COM         459902102        406     34177 SH              X               3      33534     150      493
INTL PAPER CO             COM         460146103         21      1800 SH              X             1,3       1800
INTL PAPER CO             COM         460146103       1134     96130 SH              X               2      96130
INTL PAPER CO             COM         460146103        354     29963 SH              X               3      29963
INTL PAPER CO             COM         460146103         98      8321 SH                     X        3        400    7101      820
INTERPUBLIC GROUP COS     COM         460690100       1782    450100 SH              X               2     450100
INTERPUBLIC GROUP COS     COM         460690100          2       486 SH                     X        3                486
INTERPUBLIC GROUP COS     COM         460690100        460    116131 SH              X               3     100581            15550
INTERSIL CORP             CL A        46069S109        554     60252 SH              X               2      60252
INTERSIL CORP             CL A        46069S109        144     15661 SH              X               3      11001             4660
INTUIT                    COM         461202103         19       800 SH              X             1,3        800
INTUIT                    COM         461202103          9       359 SH                     X        3                359
INTUIT                    COM         461202103        369     15517 SH              X               3       3387            12130
INVERNESS MED INNOVAT     COM         46126P106       3764    199040 SH              X               2     199040
INVERNESS MED INNOVAT     COM         46126P106        404     21379 SH              X               3      21283               96
ISHARES TR                LGR IND     464287119        380      9217 SH              X               3       9217
ISHARES TR                S&P1500IND  464287150       2432     60100 SH              X               3      60100
ISHARES TR                S&P1500IND  464287150        229      5650 SH                     X        3               5650
ISHARES TR                DJ SEL DIV  464287168         25       600 SH              X             1,3        600
ISHARES TR                DJ SEL DIV  464287168      16922    409839 SH              X               3     409260     579
ISHARES TR                DJ SEL DIV  464287168        757     18343 SH                     X        3              18343
ISHARES TR                USTIPSBDFD  464287176       2251     22686 SH              X               3      22686
ISHARES TR                USTIPSBDFD  464287176         22       220 SH                     X        3                220
ISHARES TR                FTSEXNHUA   464287184        199      6842 SH              X               3       6842
ISHARES TR                FTSEXNHUA   464287184         68      2352 SH                     X        3       1932     420
ISHARES TR                S&P 500 IND 464287200         16       180 SH              X             1,3        180
ISHARES TR                S&P 500 IND 464287200        355      3936 SH              X               2       3936
ISHARES TR                S&P 500 IND 464287200       1745     19322 SH                     X        3        224    8998    10100
ISHARES TR                S&P 500 IND 464287200      22690    251247 SH              X               3     239068    1220    10959
ISHARES TR                LEH AGG BD  464287226       4575     43907 SH              X               3      43057     850
ISHARES TR                LEH AGG BD  464287226        315      3025 SH                     X        3               3025
ISHARES TR                MSCI EMERG  464287234       8717    349093 SH              X               3     347929             1164
ISHARES TR                MSCI EMERG  464287234        469     18796 SH                     X        3      14492    1315     2989
ISHARES TR                IBOXX INV   464287242      15629    153757 SH              X               3     153757
ISHARES TR                IBOXX INV   464287242        907      8920 SH                     X        3       3300    5620
ISHARES TR                S&P500 GR   464287309        164      3640 SH                     X        3       1263    2377
ISHARES TR                S&P500 GR   464287309      10304    229335 SH              X               3     215714    1600    12021
ISHARES TR                S&P 500 VL  464287408        242      5362 SH                     X        3        400    4962
ISHARES TR                S&P 500 VL  464287408       4354     96376 SH              X               3      91286    5000       90
ISHARES TR                7-10YRTRBD  464287440       2624     26630 SH              X               2      26630
ISHARES TR                7-10YRTRBD  464287440        689      6997 SH              X               3       6997
ISHARES TR                1-3YRTRBD   464287457        607      7169 SH              X               3       7169
ISHARES TR                MSCI EAFE   464287465         70      1554 SH              X               2       1554
ISHARES TR                MSCI EAFE   464287465       2734     60945 SH                     X        3       3869   55894     1182
ISHARES TR                MSCI EAFE   464287465      40228    896747 SH              X               3     824948   13692    58107
ISHARES TR                RUS MCPVL   464287473        811     28507 SH              X               2      28507
ISHARES TR                RUS MCPVL   464287473        138      4869 SH                     X        3       2064    2805
ISHARES TR                RUS MCPVL   464287473       4047    142313 SH              X               3     137693             4620
ISHARES TR                RUS MCPGR   464287481       2036     65100 SH              X               2      65100
ISHARES TR                RUS MCPGR   464287481       5004    159973 SH              X               3     159973
ISHARES TR                RUS MCPGR   464287481        411     13130 SH                     X        3       2218   10912
ISHARES TR                RUS MIDCAP  464287499        380      6370 SH                     X        3               6370
ISHARES TR                RUS MIDCAP  464287499       6045    101217 SH              X               3      96960     250     4007
ISHARES TR                S&P MC 400  464287507      12570    235695 SH              X               3     234239    1456
ISHARES TR                S&P MC 400  464287507       1729     32416 SH                     X        3       3457   28959
ISHARES TR                S&P SEMI    464287523        838     29542 SH              X               3      29542
ISHARES TR                S&P SEMI    464287523          5       166 SH                     X        3                166
ISHARES TR                S&P TECH    464287549        941     28079 SH              X               3      28079
ISHARES TR                S&P TECH    464287549          4       120 SH                     X        3                120
ISHARES TR                NASDQ BIO   464287556        227      3188 SH              X               3       3188
ISHARES TR                COHEN&STRE  464287564       1027     23238 SH              X               3      23238
ISHARES TR                COHEN&STRE  464287564         38       855 SH                     X        3                855
ISHARES TR                CONS SRVC   464287580        966     22795 SH              X               3      22795
ISHARES TR                CONS SRVC   464287580         13       317 SH                     X        3                317
ISHARES TR                RUS 1000 VL 464287598        306      6178 SH              X               2       6178
ISHARES TR                RUS 1000 VL 464287598        772     15593 SH                     X        3                943    14650
ISHARES TR                RUS 1000 VL 464287598       4233     85481 SH              X               3      44031            41450
ISHARES TR                S&PMC400GR  464287606         28       511 SH              X               2        511
ISHARES TR                S&PMC400GR  464287606         53       963 SH                     X        3                963
ISHARES TR                S&PMC400GR  464287606       3397     61260 SH              X               3      61224               36
ISHARES TR                RUS 1000 GR 464287614       3328     89796 SH                     X        3              26382    63414
ISHARES TR                RUS 1000 GR 464287614      14935    402993 SH              X               3     326843            76150
ISHARES TR                RUS 1000    464287622      16659    340882 SH              X               3     340774     108
ISHARES TR                RUS 1000    464287622       1149     23520 SH                     X        3               6320    17200
ISHARES TR                RUS 2000 VL 464287630        492     10000 SH              X               2      10000
ISHARES TR                RUS 2000 VL 464287630       6119    124444 SH              X               3     124343              101
ISHARES TR                RUS 2000 VL 464287630       1762     35844 SH                     X        3       1683    5831    28330
ISHARES TR                RUS 2000 GR 464287648       2701     53100 SH              X               2      53100





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
ISHARES TR                RUS 2000 GR 464287648        301      5909 SH                     X        3       1134    4775
ISHARES TR                RUS 2000 GR 464287648       7351    144535 SH              X               3     131987            12548
ISHARES TR                RUS 2000    464287655         57      1157 SH              X               2       1157
ISHARES TR                RUS 2000    464287655        690     14009 SH                     X        3        423   13586
ISHARES TR                RUS 2000    464287655      13570    275598 SH              X               3     273700    1304      594
ISHARES TR                RUSL 3000   464287689        935     17980 SH              X               3      17980
ISHARES TR                DJUSUTILS   464287697        970     13986 SH              X               3      13986
ISHARES TR                DJUSUTILS   464287697         29       425 SH                     X        3                425
ISHARES TR                S&P MC VL   464287705         21       414 SH              X               2        414
ISHARES TR                S&P MC VL   464287705       2326     46252 SH                     X        3      44555    1697
ISHARES TR                S&P MC VL   464287705       7574    150631 SH              X               3     149051     952      628
ISHARES TR                DJ US TELE  464287713        411     24922 SH              X               3      24922
ISHARES TR                DJ US TELE  464287713         50      3015 SH                     X        3               3015
ISHARES TR                DJ US TECH  464287721         56      1575 SH                     X        3               1575
ISHARES TR                DJ US TECH  464287721       4153    117545 SH              X               3     116345     250      950
ISHARES TR                DJ US INDL  464287754       4061     94311 SH              X               3      94311
ISHARES TR                DJ US INDL  464287754         70      1617 SH                     X        3               1617
ISHARES TR                DJ US HLCR  464287762       2346     43689 SH              X               3      43599      90
ISHARES TR                DJ US HLCR  464287762         77      1436 SH                     X        3               1436
ISHARES TR                DJUSFINL    464287770       3098     66038 SH              X               3      66038
ISHARES TR                DJUSFINL    464287770         23       482 SH                     X        3                482
ISHARES TR                DJUSFINL    464287788        921     20356 SH              X               3      20356
ISHARES TR                DJUSFINL    464287788         14       300 SH                     X        3                300
ISHARES TR                DJ US ENER  464287796       1922     67839 SH              X               3      67839
ISHARES TR                DJ US ENER  464287796         37      1320 SH                     X        3               1320
ISHARES TR                S&P SC 600  464287804         22       500 SH              X             1,3        500
ISHARES TR                S&P SC 600  464287804        793     18040 SH                     X        3              18040
ISHARES TR                S&P SC 600  464287804       2712     61688 SH              X               3      61682                6
ISHARES TR                CONSGDS IDX 464287812        869     18774 SH              X               3      18774
ISHARES TR                CONSGDS IDX 464287812         26       571 SH                     X        3                571
ISHARES TR                DJBASMATL   464287838       1940     52307 SH              X               3      52241      66
ISHARES TR                DJBASMATL   464287838         31       834 SH                     X        3                834
ISHARES TR                S&P EURO    464287861        686     22014 SH              X               3      22014
ISHARES TR                S&P EURO    464287861         78      2500 SH                     X        3               2500
ISHARES TR                S&P SC VL   464287879        306      6303 SH                     X        3       5713     590
ISHARES TR                S&P SC VL   464287879       2978     61242 SH              X               3      61019              223
ISHARES TR                LG VL IND   464288109        429      8611 SH              X               3       8611
ISHARES TR                MIDCOREIND  464288208        363      7275 SH              X               3       7275
ISHARES TR                MSCIACWIEX  464288240        860     28000 SH                     X        3                       28000
ISHARES TR                MID GR IND  464288307        274      5143 SH              X               3       5143
ISHARES TR                MID VL IND  464288406        490      9979 SH              X               3       9979
ISHARES TR                S&PMUNB     464288414         60       600 SH                     X        3                600
ISHARES TR                S&PMUNB     464288414       2027     20360 SH              X               3      16850             3510
ISHARES TR                HIGHYLDCORP 464288513        874     11500 SH              X               3      11500
ISHARES TR                LEH INT G   464288612       1821     17056 SH              X               3      17056
ISHARES TR                LEH INT G   464288612         26       240 SH                     X        3                240
ISHARES TR                LEH INT C   464288638       2041     21330 SH              X               3      21130     200
ISHARES TR                USPFDSTK    464288687        246      8420 SH              X               3       8420
ISHARES TR                USPFDSTK    464288687         15       500 SH                     X        3                500
ISHARES TR                SC VAL IND  464288703       4038     82365 SH              X               3      82365
ISHARES TR                DJ AERO     464288760        321      7780 SH              X               3       7780
ISHARES TR                DJ AERO     464288760          2        60 SH                     X        3                 60
ISHARES TR                DJ REGL BK  464288778        464     19371 SH              X               3      19371
ISHARES TR                DJ REGL BK  464288778          7       310 SH                     X        3                310
ISHARES TR                DJ BRDEAL   464288794        567     28454 SH              X               3      28454
ISHARES TR                DJ BRDEAL   464288794         11       567 SH                     X        3                567
ISHARES TR                DJ PHARM    464288836        654     14515 SH              X               3      13237             1278
ISHARES TR                MSCI VL     464288877       3982     98199 SH              X               3      98199
ISHARES TR                MSCI VL     464288877        228      5622 SH                     X        3       1301    4321
ISHARES TR                MSCI GR     464288885       3434     75561 SH              X               3      75090     471
ISHARES TR                MSCI GR     464288885        379      8334 SH                     X        3       1156    7178
ISHARES SILVER TRUST      ISHARES     46428Q109        182     16245 SH              X               3      16245
IVANHOE MINES LTD         COM         46579N103          0       172 SH              X               3        172
IVANHOE MINES LTD         COM         46579N103         48     17688 SH                     X        3              17688
JPMORGAN & CHASE & CO     COM         46625H100          6       200 SH                     X      1,3        200
JPMORGAN & CHASE & CO     COM         46625H100        369     11711 SH              X             1,3      11711
JPMORGAN & CHASE & CO     COM         46625H100       3185    101000 SH  PUT         X               2
JPMORGAN & CHASE & CO     COM         46625H100       5967    189245 SH              X               2     189245
JPMORGAN & CHASE & CO     COM         46625H100       4181    132617 SH                     X        3      53811   76766     2040
JPMORGAN & CHASE & CO     COM         46625H100      38479   1220399 SH              X               3    1206793    7887     5719
JP MORGAN CHASE & CO      COM         46625H100        252      8000 SH              X               2                        8000
JACOBS ENGR GROUP INC     COM         469814107        722     15000 SH              X               2      15000
JACOBS ENGR GROUP INC     COM         469814107        263      5474 SH              X               3       5474
JACOBS ENGR GROUP INC     COM         469814107        123      2559 SH                     X        3        200    1734      625
JANUS CAP GROUP INC       COM         47102X105        166     20622 SH              X               3      20622
JANUS CAP GROUP INC       COM         47102X105          3       349 SH                     X        3                349
JOHN BEAN TECH CORP       COM         477839104        106     12959 SH              X               3      11143             1816
JOHNSON & JOHNSON         COM         478160104       1678     28052 SH              X             1,3      27502     550
JOHNSON & JOHNSON         COM         478160104        197      3300 SH                     X      1,3       2300    1000
JOHNSON & JOHNSON         COM         478160104       9608    160593 SH              X               2     160593
JOHNSON & JOHNSON         COM         478160104       5694     95173 SH                     X        3      18220   75843     1110
JOHNSON & JOHNSON         COM         478160104      38089    636628 SH              X               3     605957   18642    12029
JOHNSON CTLS INC          COM         478366107          5       300 SH              X             1,3        300
JOHNSON CTLS INC          COM         478366107          1        30 SH              X               2         30
JOHNSON CTLS INC          COM         478366107       2648    145833 SH                     X        3      19632  125401      800
JOHNSON CTLS INC          COM         478366107       4180    230161 SH              X               3     222611    6100     1450
JUNIPER NETWORKS INC      COM         48203R104        158      9038 SH              X               3       8433              605
JUNIPER NETWORKS INC      COM         48203R104         26      1497 SH                     X        3                707      790
KBR INC                   COM         48242W106          8       542 SH                     X        3                542





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
KBR INC                   COM         48242W106        158     10394 SH              X               3       7847             2547
KT CORP                   SPON ADR    48268K101         33      2277 SH              X               3       2277
KT CORP                   SPON ADR    48268K101        334     22790 SH                     X        3              22790
KB HOME                   COM         48666K109        153     11224 SH              X               3      11224
KB HOME                   COM         48666K109          3       212 SH                     X        3                212
KELLOGG CO                COM         487836108       1588     36215 SH              X             1,3      36115     100
KELLOGG CO                COM         487836108        135      3075 SH                     X      1,3       2050    1025
KELLOGG CO                COM         487836108        294      6715 SH              X               2       6715
KELLOGG CO                COM         487836108       1330     30335 SH                     X        3      11829   18506
KELLOGG CO                COM         487836108      13882    316585 SH              X               3     308927    5390     2268
KEYCORP NEW               COM         493267108       1839    215800 SH              X               2     215800
KEYCORP NEW               COM         493267108          8       964 SH                     X        3                964
KEYCORP NEW               COM         493267108        788     92517 SH              X               3      85547             6970
KIMBERLY CLARK CORP       COM         494368103        853     16175 SH              X             1,3      16175
KIMBERLY CLARK CORP       COM         494368103        153      2900 SH                     X      1,3       2250     650
KIMBERLY CLARK CORP       COM         494368103        150      2840 SH              X               2       2840
KIMBERLY CLARK CORP       COM         494368103       2951     55958 SH                     X        3      17382   35120     3456
KIMBERLY CLARK CORP       COM         494368103      11356    215327 SH              X               3     192782   13186     9359
KINDER MORGAN ENERGY      UT LTD PART 494550106        971     21216 SH              X               3      21216
KINDER MORGAN ENERGY      UT LTD PART 494550106        161      3520 SH                     X        3       1520    2000
KING PHARMACEUTICALS      COM         495582108        389     36644 SH              X               3      36644
KING PHARMACEUTICALS      COM         495582108         12      1146 SH                     X        3               1146
KINROSS GOLD CORP         COMNOPAR    496902404        246     13350 SH              X               3      13350
KNOLL INC                 COM NEW     498904200         25      2780 SH                     X        3                        2780
KNOLL INC                 COM NEW     498904200         97     10705 SH              X               3       3185             7520
KOHLS CORP                COM         500255104         12       325 SH              X             1,3        325
KOHLS CORP                COM         500255104         11       300 SH                     X      1,3                300
KOHLS CORP                COM         500255104       4839    133696 SH              X               2     133696
KOHLS CORP                COM         500255104       1368     37791 SH                     X        3       1985   31636     4170
KOHLS CORP                COM         500255104      10695    295422 SH              X               3     272746   12962     9714
KOREA ELECTRIC PWR        SPON ADR    500631106         36      3098 SH              X               3       3098
KOREA ELECTRIC PWR        SPON ADR    500631106        224     19305 SH                     X        3              19305
KRAFT FOODS INC           CL A        50075N104          9       345 SH              X             1,3        345
KRAFT FOODS INC           CL A        50075N104         99      3670 SH              X               2       3670
KRAFT FOODS INC           CL A        50075N104       5959    221938 SH              X               3     218948     500     2490
KRAFT FOODS INC           CL A        50075N104       3613    134555 SH                     X        3       4311  127485     2759
KRAFT FOODS INC           CL A        50075N104        451     16789 SH              X               2                       16789
KROGER CO                 COM         501044101       8367    316787 SH              X               2     316787
KROGER CO                 COM         501044101        254      9628 SH                     X        3               9628
KROGER CO                 COM         501044101       1124     42592 SH              X               3      38821             3771
LKQ CORP                  COM         501889208       1720    147550 SH              X               2     147550
LKQ CORP                  COM         501889208         11       925 SH                     X        3                         925
LKQ CORP                  COM         501889208        428     36677 SH              X               3      18857            17820
LSI CORPORATION           COM         502161102         12      3590 SH                     X        3               3590
LSI CORPORATION           COM         502161102         74     22431 SH              X               3      16931             5500
L-3 COMMUNICATIONS HLDG   COM         502424104       1415     19175 SH              X             1,3      19175
L-3 COMMUNICATIONS HLDG   COM         502424104        146      1975 SH                     X      1,3       1525     450
L-3 COMMUNICATIONS HLDG   COM         502424104       1664     22550 SH              X               2      22550
L-3 COMMUNICATIONS HLDG   COM         502424104        130      1764 SH                     X        3        365     819      580
L-3 COMMUNICATIONS HLDG   COM         502424104        953     12914 SH              X               3       7754             5160
LABORATORY CORP AMER      COM NEW     50540R409        213      3310 SH                     X        3        470     937     1903
LABORATORY CORP AMER      COM NEW     50540R409       1019     15825 SH              X               3      12590             3235
LAUDER ESTEE COS INC      CL A        518439104        617     19929 SH              X               3      19174     755
LAUDER ESTEE COS INC      CL A        518439104         73      2358 SH                     X        3        100    2258
LEAR CORP                 COM         521865105         18     12959 SH              X               3      12959
LEGGETT & PLATT INC       COM         524660107        171     11259 SH              X               3      11259
LEGGETT & PLATT INC       COM         524660107          7       449 SH                     X        3                449
LEGG MASON INC            COM         524901105        421     19233 SH              X               3      19233
LEGG MASON INC            COM         524901105         10       438 SH                     X        3                438
LENNAR CORP               CL A        526057104        151     17441 SH              X               3      17441
LENNAR CORP               CL A        526057104         13      1494 SH                     X        3               1494
LIBERTY GLOBAL INC        COM SER A   530555101       1417     88996 SH              X               2      88996
LIBERTY GLOBAL INC        COM SER A   530555101         19      1192 SH                     X        3                        1192
LIBERTY GLOBAL INC        COM SER A   530555101        329     20680 SH              X               3      17200             3480
LIBERTY MEDIA CORP NEW    ENT COM A   53071M500       5535    316695 SH              X               2     316695
LIBERTY MEDIA CORP NEW    ENT COM A   53071M500         50      2889 SH                     X        3                133     2756
LIBERTY MEDIA CORP NEW    ENT COM A   53071M500        769     43957 SH              X               3      37137             6820
LILLY ELI & CO            COM         532457108          4       100 SH              X             1,3        100
LILLY ELI & CO            COM         532457108          4       100 SH                     X      1,3        100
LILLY ELI & CO            COM         532457108       2758     68475 SH              X               2      68475
LILLY ELI & CO            COM         532457108      10557    262144 SH                     X        3     252129   10015
LILLY ELI & CO            COM         532457108       8287    205802 SH              X               3     201974    3253      575
LIMITED BRANDS INC        COM         532716107        152     15163 SH              X               3      15163
LIMITED BRANDS INC        COM         532716107         58      5760 SH                     X        3                393     5367
LINCOLN ELEC HLDGS INC    COM         533900106         29       578 SH                     X        3                108      470
LINCOLN ELEC HLDGS INC    COM         533900106        386      7582 SH              X               3       1445             6137
LINCOLN NATL CORP IND     COM         534187109          5       250 SH              X             1,3        250
LINCOLN NATL CORP IND     COM         534187109          5       250 SH                     X      1,3        250
LINCOLN NATL CORP IND     COM         534187109        309     16414 SH              X               3      16414
LINCOLN NATL CORP IND     COM         534187109        162      8605 SH                     X        3               8605
LOCKHEED MARTIN CORP      COM         539830109        195      2325 SH              X             1,3       2325
LOCKHEED MARTIN CORP      COM         539830109         79       936 SH                     X      1,3        686     250
LOCKHEED MARTIN CORP      COM         539830109       3627     43138 SH              X               2      43138
LOCKHEED MARTIN CORP      COM         539830109       1361     16185 SH                     X        3        785   12243     3157
LOCKHEED MARTIN CORP      COM         539830109      13544    161082 SH              X               3     151067    3653     6362
LOEWS CORP                COM         540424108        469     16591 SH              X               3      16591
LOEWS CORP                COM         540424108         86      3029 SH                     X        3               3029
LORILLARD INC             COM         544147101       4142     73493 SH              X               2      73493
LORILLARD INC             COM         544147101         20       359 SH                     X        3                359





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
LORILLARD INC             COM         544147101       1022     18139 SH              X               3      15779             2360
LOWES COS INC             COM         548661107        451     20950 SH              X             1,3      20950
LOWES COS INC             COM         548661107          9       420 SH                     X      1,3        220     200
LOWES COS INC             COM         548661107        218     10149 SH              X               2      10149
LOWES COS INC             COM         548661107        909     42239 SH                     X        3       1140   41099
LOWES COS INC             COM         548661107       8818    409767 SH              X               3     397896    8310     3561
LUBRIZOL CORP             COM         549271104        371     10200 SH              X             1,3      10200
LUBRIZOL CORP             COM         549271104         60      1650 SH                     X      1,3       1250     400
LUBRIZOL CORP             COM         549271104        143      3930 SH                     X        3               3930
LUBRIZOL CORP             COM         549271104         97      2676 SH              X               3       1691              985
LUCAS ENERGY INC          COM NEW     549333201         26     47500 SH              X               3      47500
LUMINEX CORP DEL          COM         55027E102       1629     76270 SH              X               2      76270
LUMINEX CORP DEL          COM         55027E102        322     15049 SH              X               3      14987               62
M & T BK CORP             COM         55261F104        253      4415 SH              X               3       4415
M & T BK CORP             COM         55261F104         10       173 SH                     X        3                173
MDU RES GROUP INC         COM         552690109        308     14260 SH                     X        3              14260
MDU RES GROUP INC         COM         552690109       2747    127295 SH              X               3      84436   40279     2580
MEMC ELECTR MATLS INC     COM         552715104        129      9004 SH                     X        3       1236    2801     4967
MEMC ELECTR MATLS INC     COM         552715104        312     21879 SH              X               3      15928             5951
MFA MTG INVTS INC         COM         55272X102       5143    873340 SH              X               2     873340
MFA MTG INVTS INC         COM         55272X102         35      5970 SH                     X        3                        5970
MFA MTG INVTS INC         COM         55272X102        676    114716 SH              X               3      98132            16584
MGE ENERGY INC            COM         55277P104         36      1100 SH                     X        3               1100
MGE ENERGY INC            COM         55277P104       1620     49089 SH              X               3      43810    2110     3169
MPS GROUP INC             COM         553409103         47      6200 SH                     X        3               6200
MPS GROUP INC             COM         553409103         82     10929 SH              X               3       4604             6325
MSC SOFTWARE CORP         COM         553531104        127     18960 SH              X               3      18960
MACYS INC                 COM         55616P104        406     39235 SH              X               3      39235
MACYS INC                 COM         55616P104          8       735 SH                     X        3                735
MAIDENFORM BRANDS INC     COM         560305104         16      1575 SH                     X        3               1575
MAIDENFORM BRANDS INC     COM         560305104        100      9895 SH              X               3       8280             1615
MANITOWOC INC             COM         563571108        703     81184 SH              X               3      81184
MANITOWOC INC             COM         563571108         36      4150 SH                     X        3               4150
MANPOWER INC              COM         56418H100       3784    111303 SH              X               2     111303
MANPOWER INC              COM         56418H100         74      2180 SH                     X        3               2180
MANPOWER INC              COM         56418H100       1843     54243 SH              X               3      47201             7042
MANTECH INTL CORP         CL A        564563104       3975     73360 SH              X               2      73360
MANTECH INTL CORP         CL A        564563104        482      8897 SH              X               3       8347              550
MANULIFE FINL CORP        COM         56501R106        242     14236 SH              X               3      14236
MANULIFE FINL CORP        COM         56501R106         13       778 SH                     X        3                778
MARATHON OIL CORP         COM         565849106       1942     70980 SH              X               2      70980
MARATHON OIL CORP         COM         565849106       2235     81713 SH              X               3      81253      72      388
MARATHON OIL CORP         COM         565849106        258      9448 SH                     X        3               7102     2346
MARCUS CORP               COM         566330106        314     19350 SH                     X        3        300   19050
MARCUS CORP               COM         566330106         50      3076 SH              X               3       1740             1336
MARKET VECTORS ETF TR     LEHMUNETF   57060U845        598     29990 SH              X               3      29990
MARSH & MCLENNAN COS      COM         571748102       1243     51200 SH              X               2      51200
MARSH & MCLENNAN COS      COM         571748102        537     22147 SH              X               3      21872     275
MARSH & MCLENNAN COS      COM         571748102         13       535 SH                     X        3                535
MARSHALL & ILSLEY CORP    COM         571837103         37      2676 SH              X             1,3                        2676
MARSHALL & ILSLEY CORP    COM         571837103          2       145 SH              X               2                         145
MARSHALL & ILSLEY CORP    COM         571837103      18325   1343466 SH                     X        3        950  200071  1142445
MARSHALL & ILSLEY CORP    COM         571837103      69898   5124512 SH              X               3    2123300   44500  2956712
MASCO CORP                COM         574599106        370     33287 SH              X               3      33287
MASCO CORP                COM         574599106          1       122 SH                     X        3                122
MASIMO CORP               COM         574795100       1909     63990 SH              X               2      63990
MASIMO CORP               COM         574795100        367     12300 SH              X               3      12248               52
MASSEY ENERGY CORP        COM         576206106         68      4900 SH                     X        3        754    1103     3043
MASSEY ENERGY CORP        COM         576206106        248     17951 SH              X               3       7567            10384
MASTERCARD INC            CL A        57636Q104        238      1665 SH                     X        3        159     922      584
MASTERCARD INC            CL A        57636Q104        856      5992 SH              X               3       4316             1676
MATTEL INC                COM         577081102        218     13643 SH              X               3      13643
MATTEL INC                COM         577081102        114      7108 SH                     X        3               2331     4777
MAXIMUS INC               COM         577933104        662     18860 SH              X               3      18165              695
MCAFEE INC                COM         579064106       1462     42300 SH              X               2      42300
MCAFEE INC                COM         579064106         13       365 SH                     X        3                         365
MCAFEE INC                COM         579064106        485     14010 SH              X               3       4190             9820
MCCORMICK & CO INC        COM NVTG    579780206          3        95 SH                     X        3                 95
MCCORMICK & CO INC        COM NVTG    579780206        249      7812 SH              X               3       7566      53      193
MCDONALDS CORP            COM         580135101         12       200 SH                     X      1,3        200
MCDONALDS CORP            COM         580135101        173      2785 SH              X             1,3       2785
MCDONALDS CORP            COM         580135101        973     15632 SH              X               2      15632
MCDONALDS CORP            COM         580135101      19893    319881 SH              X               3     315845    2684     1352
MCDONALDS CORP            COM         580135101       3268     52543 SH                     X        3      26900   24173     1470
MCGRATH RENTCORP          COM         580589109      11363    531971 SH              X             1,3     531971
MCGRATH RENTCORP          COM         580589109          3       140 SH              X               2        140
MCGRAW HILL COS INC       COM         580645109        128      5520 SH                     X        3               5520
MCGRAW HILL COS INC       COM         580645109       1858     80111 SH              X               3      54573    6605    18933
MCKESSON CORP             COM         58155Q103        519     13396 SH              X               3      13396
MCKESSON CORP             COM         58155Q103          5       122 SH                     X        3                122
MEADWESTVACO CORP         COM         583334107       2117    189177 SH              X               2     189177
MEADWESTVACO CORP         COM         583334107         30      2697 SH                     X        3               2697
MEADWESTVACO CORP         COM         583334107        750     66995 SH              X               3      60355             6640
MEDASSETS INC             COM         584045108       1556    106600 SH              X               2     106600
MEDASSETS INC             COM         584045108        276     18907 SH              X               3      18820               87
MEDCO HEALTH SOLUTIONS    COM         58405U102          3        60 SH              X             1,3         60
MEDCO HEALTH SOLUTIONS    COM         58405U102         53      1260 SH                     X      1,3       1260
MEDCO HEALTH SOLUTIONS    COM         58405U102       2087     49800 SH              X               2      49800
MEDCO HEALTH SOLUTIONS    COM         58405U102        300      7159 SH                     X        3        200    6959





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
MEDCO HEALTH SOLUTIONS    COM         58405U102       2350     56080 SH              X               3      55422     372      286
MEDCO HEALTH SOLUTIONS    COM         58405U102         84      2000 SH              X               2                        2000
MEDTRONIC INC             COM         585055106        275      8745 SH              X             1,3       8745
MEDTRONIC INC             COM         585055106         71      2275 SH                     X      1,3       2050     225
MEDTRONIC INC             COM         585055106        121      3839 SH              X               2       3839
MEDTRONIC INC             COM         585055106        592     18829 SH                     X        3        370   18459
MEDTRONIC INC             COM         585055106       7151    227578 SH              X               3     218161    6782     2635
MERCK & CO INC            COM         589331107         84      2775 SH                     X      1,3       2775
MERCK & CO INC            COM         589331107        304     10000 SH              X             1,3      10000
MERCK & CO INC            COM         589331107        136      4485 SH              X               2       4485
MERCK & CO INC            COM         589331107       1680     55247 SH                     X        3      17355   34111     3781
MERCK & CO INC            COM         589331107       6787    223254 SH              X               3     214807    4096     4351
MEREDITH CORP             COM         589433101         27      1553 SH                     X        3               1553
MEREDITH CORP             COM         589433101        184     10759 SH              X               3       8484             2275
MERIT MED SYS INC         COM         589889104       2545    141970 SH              X               2     141970
MERIT MED SYS INC         COM         589889104        477     26592 SH              X               3      25295             1297
MERRILL LYNCH & CO INC    COM         590188108        815     70020 SH              X               2      70020
MERRILL LYNCH & CO INC    COM         590188108        578     49710 SH              X               3      49710
MERRILL LYNCH & CO INC    COM         590188108         38      3244 SH                     X        3               3244
METAVANTE TECHNOLOGIES    COM         591407101         14       892 SH              X             1,3                         892
METAVANTE TECHNOLOGIES    COM         591407101       6553    406742 SH                     X        3              19106   387636
METAVANTE TECHNOLOGIES    COM         591407101      26633   1653179 SH              X               3     704884   13000   935295
METLIFE INC               COM         59156R108          1        38 SH              X             1,3         38
METLIFE INC               COM         59156R108        712     20434 SH              X               3      20096      65      273
METLIFE INC               COM         59156R108        277      7944 SH                     X        3        100    5134     2710
METTLER TOLEDO INTL       COM         592688105         99      1462 SH                     X        3                324     1138
METTLER TOLEDO INTL       COM         592688105        292      4338 SH              X               3       3142             1196
MICROS SYS INC            COM         594901100          8       471 SH                     X        3        227     244
MICROS SYS INC            COM         594901100        266     16309 SH              X               3       3770            12539
MICROSOFT CORP            COM         594918104        224     11500 SH              X             1,3      11500
MICROSOFT CORP            COM         594918104         14       700 SH                     X      1,3        200     500
MICROSOFT CORP            COM         594918104       6505    334596 SH              X               2     334596
MICROSOFT CORP            COM         594918104       4085    210155 SH                     X        3      26502  179701     3952
MICROSOFT CORP            COM         594918104      25718   1322974 SH              X               3    1237870   52293    32811
MICROCHIP TECHNOLOGY      COM         595017104        684     35000 SH              X               2      35000
MICROCHIP TECHNOLOGY      COM         595017104         17       886 SH                     X        3                886
MICROCHIP TECHNOLOGY      COM         595017104        470     24082 SH              X               3      23842              240
MIDCAP SPDR TR            UNIT SER 1  595635103         15       150 SH              X             1,3        150
MIDCAP SPDR TR            UNIT SER 1  595635103         10       100 SH                     X      1,3                100
MIDCAP SPDR TR            UNIT SER 1  595635103       9832    101199 SH              X               3     100569     630
MIDCAP SPDR TR            UNIT SER 1  595635103        731      7525 SH                     X        3               7525
MIDDLEBY CORP             COM         596278101        913     33470 SH              X               2      33470
MIDDLEBY CORP             COM         596278101          7       247 SH                     X        3        120     127
MIDDLEBY CORP             COM         596278101        170      6235 SH              X               3       6208               27
MIDWEST BANC HOLDINGS     COM         598251106         41     29247 SH              X             1,3      29247
MILLIPORE CORP            COM         601073109         23       437 SH                     X        3                437
MILLIPORE CORP            COM         601073109        245      4754 SH              X               3       4666               88
MINDRAY MEDICAL INTL      SPON ADR    602675100          1        40 SH              X               3         40
MINDRAY MEDICAL INTL      SPON ADR    602675100        207     11500 SH                     X        3              11500
MITSUBISHI UFJ FINL       SPON ADR    606822104         81     13045 SH              X               3      13045
MIZUHO FINL GROUP INC     SPON ADR    60687Y109         68     11760 SH              X               3      11760
MODINE MFG CO             COM         607828100        133     27282 SH              X               3      27282
MODINE MFG CO             COM         607828100         14      2970 SH                     X        3       2000     970
MONRO MUFFLER BRAKE INC   COM         610236101       2785    109210 SH              X               2     109210
MONRO MUFFLER BRAKE INC   COM         610236101        503     19738 SH              X               3      19651               87
MONSANTO CO NEW           COM         61166W101        623      8850 SH              X             1,3       8850
MONSANTO CO NEW           COM         61166W101         40       575 SH                     X      1,3        275     300
MONSANTO CO NEW           COM         61166W101       3199     45480 SH              X               2      45480
MONSANTO CO NEW           COM         61166W101       2195     31199 SH                     X        3        903   27049     3247
MONSANTO CO NEW           COM         61166W101       9547    135710 SH              X               3     128375    2076     5259
MOODYS CORP               COM         615369105         40      1983 SH                     X        3               1983
MOODYS CORP               COM         615369105        176      8764 SH              X               3       8644              120
MOOG INC                  CL A        615394202        225      6153 SH              X               3       5569              584
MORGAN STANLEY            COM NEW     617446448       1247     77720 SH              X               2      77720
MORGAN STANLEY            COM NEW     617446448        580     36172 SH              X               3      36172
MORGAN STANLEY            COM NEW     617446448        180     11194 SH                     X        3        156   11038
MOSAIC CO                 COM         61945A107        203      5877 SH              X               3       5877
MOSAIC CO                 COM         61945A107         38      1100 SH                     X        3               1100
MOSAIC COMPANY            COM         61945A107        142      4100 SH              X               2                        4100
MOTOROLA INC              COM         620076109          0       100 SH              X             1,3        100
MOTOROLA INC              COM         620076109        186     41986 SH              X               3      41986
MOTOROLA INC              COM         620076109         94     21137 SH                     X        3       5500    4967    10670
MURPHY OIL CORP           COM         626717102        311      7006 SH                     X        3               7006
MURPHY OIL CORP           COM         626717102        443      9983 SH              X               3       9865              118
MYLAN INC                 COM         628530107       4397    444580 SH              X               2     444580
MYLAN INC                 COM         628530107          7       740 SH                     X        3                740
MYLAN INC                 COM         628530107        518     52369 SH              X               3      52155              214
MYRIAD GENETICS INC       COM         62855J104       1539     23220 SH              X               2      23220
MYRIAD GENETICS INC       COM         62855J104        284      4288 SH              X               3       4269               19
NCR CORP NEW              COM         62886E108         16      1155 SH                     X        3               1155
NCR CORP NEW              COM         62886E108        134      9479 SH              X               3       7132             2347
NTT DOCOMO INC            SPON ADR    62942M201        200     10171 SH              X               3       6815             3356
NTT DOCOMO INC            SPON ADR    62942M201         89      4556 SH                     X        3               1010     3546
NANOGEN INC               COM         630075109          1     10000 SH              X               3      10000
NATIONAL FUEL GAS CO      COM         636180101         26       832 SH                     X        3                832
NATIONAL FUEL GAS CO      COM         636180101        191      6100 SH              X               3       4372     150     1578
NATIONAL OILWELL VARCO    COM         637071101        990     40500 SH              X               2      40500
NATIONAL OILWELL VARCO    COM         637071101        694     28386 SH              X               3      27786     600
NATIONAL OILWELL VARCO    COM         637071101        241      9867 SH                     X        3       7315     527     2025





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
NATL PRESTO INDS INC      COM         637215104        150      1950 SH                     X        3               1950
NATL PRESTO INDS INC      COM         637215104         83      1081 SH              X               3        836              245
NATUS MEDICAL INC DEL     COM         639050103       1388    107168 SH              X               2     107168
NATUS MEDICAL INC DEL     COM         639050103        263     20317 SH              X               3      20230               87
NAVIGANT CONSULTING INC   COM         63935N107       1242     78250 SH              X               2      78250
NAVIGANT CONSULTING INC   COM         63935N107        267     16817 SH              X               3      15497             1320
NEOGEN CORP               COM         640491106       1176     47060 SH              X               2      47060
NEOGEN CORP               COM         640491106        275     11032 SH              X               3      10993               39
NESS TECHNOLOGIES INC     COM         64104X108         56     13129 SH              X               3      13129
NEW YORK TIMES CO         CL A        650111107         84     11414 SH              X               3      11414
NEW YORK TIMES CO         CL A        650111107          4       539 SH                     X        3                539
NEWELL RUBBERMAID INC     COM         651229106          5       550 SH                     X      1,3        550
NEWELL RUBBERMAID INC     COM         651229106         12      1200 SH              X             1,3       1200
NEWELL RUBBERMAID INC     COM         651229106        826     84439 SH              X               3      82973    1196      270
NEWELL RUBBERMAID INC     COM         651229106         52      5365 SH                     X        3               2785     2580
NEWMONT MINING CORP       COM         651639106         26       650 SH                     X      1,3        650
NEWMONT MINING CORP       COM         651639106        375      9225 SH              X             1,3       9075     150
NEWMONT MINING CORP       COM         651639106        576     14155 SH                     X        3              14155
NEWMONT MINING CORP       COM         651639106        703     17269 SH              X               3      16605      49      615
NEWS CORP                 CL A        65248E104        199     21844 SH              X               3      21844
NEWS CORP                 CL A        65248E104         28      3125 SH                     X        3               3125
NEXEN INC                 COM         65334H102         11       644 SH              X               3        644
NEXEN INC                 COM         65334H102        215     12244 SH                     X        3              12244
NICOR INC                 COM         654086107          9       248 SH                     X      1,3        248
NICOR INC                 COM         654086107         87      2495 SH              X               2       2495
NICOR INC                 COM         654086107        103      2965 SH                     X        3        491    1874      600
NICOR INC                 COM         654086107       2202     63398 SH              X               3      60998     202     2198
NIDEC CORP                SPON ADR    654090109         37      3736 SH                     X        3               1389     2347
NIDEC CORP                SPON ADR    654090109         95      9734 SH              X               3       6230             3504
NIKE INC                  CL B        654106103        650     12750 SH              X             1,3      12750
NIKE INC                  CL B        654106103         46       900 SH                     X      1,3        600     300
NIKE INC                  CL B        654106103       3968     77789 SH              X               2      77789
NIKE INC                  CL B        654106103        952     18662 SH                     X        3       1474   11825     5363
NIKE INC                  CL B        654106103       9565    187564 SH              X               3     170487    3525    13552
NIPPON TELEG & TEL CORP   SPON ADR    654624105        128      4690 SH              X               3       4690
NIPPON TELEG & TEL CORP   SPON ADR    654624105        607     22323 SH                     X        3              22323
NISOURCE INC              COM         65473P105        145     13190 SH              X               2      13190
NISOURCE INC              COM         65473P105        114     10359 SH                     X        3       3500    5629     1230
NISOURCE INC              COM         65473P105       3005    273943 SH              X               3     271361     264     2318
NOKIA CORP                SPON ADR    654902204        598     38351 SH                     X        3      26850    5911     5590
NOKIA CORP                SPON ADR    654902204       1108     71041 SH              X               3      64451             6590
NOBLE ENERGY INC          COM         655044105       3566     72456 SH              X               2      72456
NOBLE ENERGY INC          COM         655044105        124      2519 SH                     X        3               1354     1165
NOBLE ENERGY INC          COM         655044105        948     19243 SH              X               3      16923             2320
NORDSTROM INC             COM         655664100        136     10204 SH                     X        3       1717    2479     6008
NORDSTROM INC             COM         655664100        519     38998 SH              X               3      29092             9906
NORFOLK SOUTHERN CORP     COM         655844108        113      2404 SH                     X        3        200    2204
NORFOLK SOUTHERN CORP     COM         655844108        557     11831 SH              X               3      11397     207      227
NORTHERN TR CORP          COM         665859104         52      1000 SH              X             1,3       1000
NORTHERN TR CORP          COM         665859104         30       570 SH                     X      1,3        420     150
NORTHERN TR CORP          COM         665859104       1240     23778 SH              X               2      23778
NORTHERN TR CORP          COM         665859104       1128     21643 SH                     X        3       6959   14334      350
NORTHERN TR CORP          COM         665859104       8663    166162 SH              X               3     159890    4355     1917
NORTHROP GRUMMAN CORP     COM         666807102         16       350 SH                     X      1,3        350
NORTHROP GRUMMAN CORP     COM         666807102        239      5300 SH              X             1,3       5300
NORTHROP GRUMMAN CORP     COM         666807102       1808     40150 SH              X               2      40150
NORTHROP GRUMMAN CORP     COM         666807102        244      5415 SH                     X        3        250    5165
NORTHROP GRUMMAN CORP     COM         666807102        994     22060 SH              X               3      21225     736       99
NOVARTIS A G              SPON ADR    66987V109         51      1015 SH                     X        3        200     715      100
NOVARTIS A G              SPON ADR    66987V109        784     15759 SH              X               3      14689             1070
NOVO-NORDISK A S          ADR         670100205        142      2771 SH              X               3       2039              732
NOVO-NORDISK A S          ADR         670100205         60      1158 SH                     X        3                304      854
NSTAR                     COM         67019E107         11       300 SH              X             1,3        300
NSTAR                     COM         67019E107        191      5236 SH                     X        3               5236
NSTAR                     COM         67019E107        121      3329 SH              X               3       2629              700
NUANCE COMMUN INC         COM         67020Y100       5646    545000 SH              X               2     545000
NUANCE COMMUN INC         COM         67020Y100        670     64642 SH              X               3      63775              867
NUANCE COMMUN INC         COM         67020Y100         23      2182 SH                     X        3                747     1435
NUCOR CORP                COM         670346105       2846     61592 SH              X               2      61592
NUCOR CORP                COM         670346105         86      1864 SH                     X        3         75    1789
NUCOR CORP                COM         670346105       3465     74999 SH              X               3      72558     250     2191
NUVEEN MUN MKT OPPORT     COM         67062W103        150     14615 SH              X               3      14615
NVIDIA CORP               COM         67066G104        150     18575 SH              X               3      18480      95
NVIDIA CORP               COM         67066G104          3       345 SH                     X        3                345
NUVEEN DIVID ADVANTAGE    COM         67066V101         99     10000 SH              X               3      10000
NUVASIVE INC              COM         670704105       4207    121410 SH              X               2     121410
NUVASIVE INC              COM         670704105        463     13368 SH              X               3      13311               57
NV ENERGY INC             COM         67073Y106        115     11651 SH              X               3       9586             2065
NUVEEN MUN VALUE FD INC   COM         670928100        259     30173 SH              X               3      30173
NUVEEN MUN VALUE FD INC   COM         670928100         43      4978 SH                     X        3               4978
OCCIDENTAL PETE CORP      COM         674599105         42       700 SH              X             1,3        700
OCCIDENTAL PETE CORP      COM         674599105       1500     25000 SH              X               2      25000
OCCIDENTAL PETE CORP      COM         674599105        689     11480 SH                     X        3              11050      430
OCCIDENTAL PETE CORP      COM         674599105       3478     57975 SH              X               3      56402    1084      489
OCEANEERING INTL INC      COM         675232102        207      7100 SH                     X        3               7100
OCEANEERING INTL INC      COM         675232102         54      1855 SH              X               3       1205              650
OCULUS INNOVATIVE SCI     COM         67575P108         81     56887 SH              X               2      56887
OCULUS INNOVATIVE SCI     COM         67575P108          1      1000 SH              X               3       1000
OFFICE DEPOT INC          COM         676220106         72     24324 SH              X               3      24324





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
OFFICE DEPOT INC          COM         676220106          7      2400 SH                     X        3               2400
OLD NATL BANCORP IND      COM         680033107        130      7156 SH              X               3       7156
OLD NATL BANCORP IND      COM         680033107        136      7500 SH                     X        3               7500
OLD REP INTL CORP         COM         680223104        118      9920 SH                     X        3               9920
OLD REP INTL CORP         COM         680223104        269     22556 SH              X               3      17238             5318
OMNICARE INC              COM         681904108       1535     55300 SH              X               2      55300
OMNICARE INC              COM         681904108         18       660 SH                     X        3                660
OMNICARE INC              COM         681904108        135      4875 SH              X               3       3209             1666
OMNICOM GROUP INC         COM         681919106        110      4100 SH              X             1,3       4100
OMNICOM GROUP INC         COM         681919106          5       200 SH                     X      1,3        100     100
OMNICOM GROUP INC         COM         681919106         19       691 SH                     X        3                691
OMNICOM GROUP INC         COM         681919106        237      8818 SH              X               3       8498      98      222
OMNITURE INC              COM         68212S109       1052     98866 SH              X               2      98866
OMNITURE INC              COM         68212S109        187     17613 SH              X               3      17532               81
ONEOK INC NEW             COM         682680103       1907     65500 SH              X               2      65500
ONEOK INC NEW             COM         682680103        189      6476 SH              X               3       5215             1261
ONYX PHARMACEUTICALS      COM         683399109       1142     33440 SH              X               3      33370      70
ONYX PHARMACEUTICALS      COM         683399109         13       370 SH                     X        3                370
ORACLE CORP               COM         68389X105         89      5000 SH              X             1,3       5000
ORACLE CORP               COM         68389X105         21      1200 SH                     X      1,3       1000     200
ORACLE CORP               COM         68389X105       3871    218350 SH              X               2     218350
ORACLE CORP               COM         68389X105       1418     79960 SH                     X        3      32414   32441    15105
ORACLE CORP               COM         68389X105       6762    381362 SH              X               3     354156    2040    25166
O REILLY AUTOMOTIVE INC   COM         686091109       1027     33400 SH              X               2      33400
O REILLY AUTOMOTIVE INC   COM         686091109        542     17630 SH              X               3       2363            15267
OSHKOSH CORP              COM         688239201        136     15326 SH              X               3      15326
OSHKOSH CORP              COM         688239201        323     36350 SH                     X        3              36350
OVERHILL FARMS INC        COM         690212105       1818    432720 SH              X               2     432720
OVERHILL FARMS INC        COM         690212105        323     76928 SH              X               3      76575              353
OWENS & MINOR INC NEW     COM         690732102         34       900 SH                     X        3                         900
OWENS & MINOR INC NEW     COM         690732102        208      5525 SH              X               3       2328             3197
PG&E CORP                 COM         69331C108         73      1897 SH                     X        3               1897
PG&E CORP                 COM         69331C108        713     18426 SH              X               3      18095     219      112
PNC FINL SVCS GROUP INC   COM         693475105       1614     32940 SH              X               2      32940
PNC FINL SVCS GROUP INC   COM         693475105       2520     51426 SH              X               3      51177              249
PNC FINL SVCS GROUP INC   COM         693475105        202      4130 SH                     X        3               2712     1418
PPG INDS INC              COM         693506107       3346     78865 SH              X               2      78865
PPG INDS INC              COM         693506107        380      8946 SH                     X        3       4977    3969
PPG INDS INC              COM         693506107       2713     63920 SH              X               3      60773     134     3013
PACCAR INC                COM         693718108         38      1342 SH              X               2       1342
PACCAR INC                COM         693718108        112      3913 SH                     X        3        130    3783
PACCAR INC                COM         693718108       2524     88268 SH              X               3      86562     200     1506
PANASONIC CORP            ADR         69832A205          2       151 SH              X               3        151
PANASONIC CORP            ADR         69832A205        172     13856 SH                     X        3              13856
PANERA BREAD CO           CL A        69840W108         11       205 SH                     X        3                         205
PANERA BREAD CO           CL A        69840W108        489      9362 SH              X               3       1694             7668
PARAMETRIC TECHNOLOGY     COM NEW     699173209       2153    170110 SH              X               2     170110
PARAMETRIC TECHNOLOGY     COM NEW     699173209        250     19842 SH              X               3      18715             1127
PARAMETRIC TECHNOLOGY     COM NEW     699173209         15      1225 SH                     X        3                        1225
PARKER HANNIFIN CORP      COM         701094104         27       625 SH                     X      1,3        625
PARKER HANNIFIN CORP      COM         701094104       1621     38100 SH              X               2      38100
PARKER HANNIFIN CORP      COM         701094104       1521     35752 SH              X               3      35123     629
PARKER HANNIFIN CORP      COM         701094104        193      4527 SH                     X        3       1132    3090      305
PAYCHEX INC               COM         704326107         28      1075 SH              X             1,3       1075
PAYCHEX INC               COM         704326107         78      2958 SH                     X        3               2958
PAYCHEX INC               COM         704326107        500     19044 SH              X               3      18792      50      202
PENGROWTH ENERGY TR       TR UNIT NEW 706902509         79     10405 SH              X               3      10405
PENNEY J C INC            COM         708160106        360     18269 SH                     X        3         75   18194
PENNEY J C INC            COM         708160106        516     26177 SH              X               3      25862      65      250
PEOPLES UNITED FINL       COM         712704105         57      3192 SH              X               3       3192
PEOPLES UNITED FINL       COM         712704105        163      9155 SH                     X        3               9155
PEPCO HOLDINGS INC        COM         713291102         11       605 SH                     X        3                605
PEPCO HOLDINGS INC        COM         713291102        632     35569 SH              X               3      35418              151
PEPSI BOTTLING GR INC     COM         713409100       1303     57900 SH              X               2      57900
PEPSI BOTTLING GR INC     COM         713409100        243     10769 SH              X               3      10769
PEPSI BOTTLING GR INC     COM         713409100          6       268 SH                     X        3                268
PEPSICO INC               COM         713448108       1214     22162 SH              X             1,3      22162
PEPSICO INC               COM         713448108        248      4525 SH                     X      1,3       3875     650
PEPSICO INC               COM         713448108        909     16595 SH              X               2      16595
PEPSICO INC               COM         713448108       4934     90079 SH                     X        3      18788   66565     4726
PEPSICO INC               COM         713448108      17260    315139 SH              X               3     292210   13644     9285
PERKINELMER INC           COM         714046109          5       343 SH                     X        3                343
PERKINELMER INC           COM         714046109        140     10089 SH              X               3       9604     215      270
PERMIAN BASIN RTY TR      UT BEN INT  714236106        167     12200 SH              X               3      12200
PEROT SYS CORP            CL A        714265105         41      3000 SH                     X        3               3000
PEROT SYS CORP            CL A        714265105        265     19375 SH              X               3      15000             4375
PERRIGO CO                COM         714290103       5585    172860 SH              X               2     172860
PERRIGO CO                COM         714290103        938     29037 SH              X               3      27780             1257
PETMED EXPRESS INC        COM         716382106         18      1000 SH              X             1,3       1000
PETMED EXPRESS INC        COM         716382106       2281    129410 SH              X               2     129410
PETMED EXPRESS INC        COM         716382106        460     26103 SH              X               3      24957             1146
PETROHAWK ENERGY CORP     COM         716495106       4951    316760 SH              X               2     316760
PETROHAWK ENERGY CORP     COM         716495106         18      1150 SH                     X        3               1150
PETROHAWK ENERGY CORP     COM         716495106        703     44975 SH              X               3      44824              151
PETROLEO BRASILEIRO SA    SPON ADR    71654V408        236      9654 SH              X               3       8198             1456
PETROLEO BRASILEIRO SA    SPON ADR    71654V408         94      3819 SH                     X        3                565     3254
PFIZER INC                COM         717081103         19      1055 SH                     X      1,3       1055
PFIZER INC                COM         717081103        257     14538 SH              X             1,3      14538
PFIZER INC                COM         717081103       4597    259565 SH              X               2     259565





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
PFIZER INC                COM         717081103       2911    164396 SH                     X        3      27595  129114     7687
PFIZER INC                COM         717081103      22291   1258640 SH              X               3    1208429   33235    16976
PHARMERICA CORP           COM         71714F104        182     11630 SH              X               3      11122              508
PHILIP MORRIS INTL INC    COM         718172109         28       650 SH              X             1,3        650
PHILIP MORRIS INTL INC    COM         718172109       7525    172960 SH              X               2     172960
PHILIP MORRIS INTL INC    COM         718172109       9686    222617 SH                     X        3      16109  203082     3426
PHILIP MORRIS INTL INC    COM         718172109      22712    521989 SH              X               3     505653    4570    11766
PINNACLE WEST CAP CORP    COM         723484101       1815     56485 SH              X               2      56485
PINNACLE WEST CAP CORP    COM         723484101         35      1083 SH                     X        3               1083
PINNACLE WEST CAP CORP    COM         723484101       1750     54467 SH              X               3      53719     379      369
PIONEER NAT RES CO        COM         723787107         57      3514 SH              X               3       3514
PIONEER NAT RES CO        COM         723787107        120      7393 SH                     X        3               7393
PITNEY BOWES INC          COM         724479100        187      7355 SH              X               2       7355
PITNEY BOWES INC          COM         724479100         87      3403 SH                     X        3               3403
PITNEY BOWES INC          COM         724479100       2267     88961 SH              X               3      88212      78      671
PLAINS ALL AMER PPLN L    UT LTD PART 726503105        219      6300 SH              X               3       6300
PLAINS EXPL& PRODTN CO    COM         726505100        930     40000 SH              X               2      40000
PLAINS EXPL& PRODTN CO    COM         726505100        186      8009 SH              X               3       7376              633
PLUM CREEK TIMBER CO      COM         729251108         75      2165 SH              X               2       2165
PLUM CREEK TIMBER CO      COM         729251108        730     21023 SH                     X        3        278   20395      350
PLUM CREEK TIMBER CO      COM         729251108       1405     40451 SH              X               3      38556     155     1740
POPULAR INC               COM         733174106         41      8000 SH              X             1,3       8000
POPULAR INC               COM         733174106         57     11131 SH              X               3      11131
POTASH CORP SASK INC      COM         73755L107         63       855 SH                     X        3                639      216
POTASH CORP SASK INC      COM         73755L107        203      2772 SH              X               3       2450              322
POWELL INDS INC           COM         739128106        383     13200 SH                     X        3              13200
POWERSHARES QQQ TRUST     UNIT SER 1  73935A104          6       200 SH              X             1,3        200
POWERSHARES QQQ TRUST     UNIT SER 1  73935A104        605     20345 SH              X               3      20345
POWERSHARES QQQ TRUST     UNIT SER 1  73935A104         76      2548 SH                     X        3               2548
POWERSHARES QQQ           UT SER 1    73935A104         31      1053 SH              X               2                        1053
POWERSHARES DB CMDTY      UT BEN INT  73935S105        684     32270 SH              X               3      32270
POWERSHARES DB CMDTY      UT BEN INT  73935S105         51      2415 SH                     X        3               2415
POWERSHARES ETF TRUST     FINLPFDPTFL 73935X229       1161     88107 SH              X               3      88107
POWERSHARES ETF TRUST     FINLPFDPTFL 73935X229          4       310 SH                     X        3                310
POWERSHARES ETF TRUST     WNDRHLLCLN  73935X500        433     50290 SH              X               3      50290
POWERSHARES ETF TRUST     WNDRHLLCLN  73935X500         12      1370 SH                     X        3               1370
POWERSHARES ETF TRUST     WATER RESC  73935X575        370     25715 SH              X               3      25715
POWERSHARES ETF TRUST     WATER RESC  73935X575         24      1700 SH                     X        3        700    1000
POWERSHARES ETF TRUST     FTSE R1000  73935X583         85      2495 SH                     X        3               2495
POWERSHARES ETF TRUST     FTSE R1000  73935X583       4508    132250 SH              X               3     122014            10236
POWERSHARES ETF TRUST     INTLDIVACHV 73935X716        344     32770 SH              X               3      32770
POWERSHARES ETF TRUST     DYN BIOGEN  73935X856        153     11145 SH              X               3      11145
POWERSHSDBMULTISECTCOMM   DB AG FD    73936B408        246      9382 SH              X               3       9382
PRAXAIR INC               COM         74005P104         12       200 SH              X             1,3        200
PRAXAIR INC               COM         74005P104       2757     46450 SH              X               2      46450
PRAXAIR INC               COM         74005P104       1233     20771 SH                     X        3       9225    6333     5213
PRAXAIR INC               COM         74005P104       3205     53991 SH              X               3      44648      24     9319
PRICE T ROWE GROUP INC    COM         74144T108        492     13891 SH              X               3      13891
PRICE T ROWE GROUP INC    COM         74144T108        120      3400 SH                     X        3       2415     215      770
PRINCIPAL FINANCIAL GR    COM         74251V102       2249     99638 SH              X               2      99638
PRINCIPAL FINANCIAL GR    COM         74251V102         50      2201 SH                     X        3               2201
PRINCIPAL FINANCIAL GR    COM         74251V102        649     28774 SH              X               3      25250             3524
PROASSURANCE CORP         COM         74267C106         10       185 SH                     X        3                185
PROASSURANCE CORP         COM         74267C106        474      8985 SH              X               3       8399              586
PROCTER & GAMBLE CO       COM         742718109       2008     32475 SH              X             1,3      32475
PROCTER & GAMBLE CO       COM         742718109        247      3992 SH                     X      1,3       3192     800
PROCTER & GAMBLE CO       COM         742718109       9280    150120 SH              X               2     150120
PROCTER & GAMBLE CO       COM         742718109       8941    144630 SH                     X        3      22971  113920     7739
PROCTER & GAMBLE CO       COM         742718109      46694    755324 SH              X               3     719789   18854    16681
PROGRESS ENERGY INC       COM         743263105        183      4590 SH              X               2       4590
PROGRESS ENERGY INC       COM         743263105       4587    115100 SH              X               3     112995     659     1446
PROGRESS ENERGY INC       COM         743263105        195      4889 SH                     X        3               2734     2155
PROGRESSIVE CORP OHIO     COM         743315103        162     10914 SH              X               2      10914
PROGRESSIVE CORP OHIO     COM         743315103        186     12533 SH                     X        3        370    9191     2972
PROGRESSIVE CORP OHIO     COM         743315103       3713    250686 SH              X               3     242048    3690     4948
PROLOGIS                  SH BEN INT  743410102        359     25881 SH              X               3      25881
PROSHARES TR              PSHS ULTSH  74347R297        251      6650 SH              X               3       6650
PROSHARES TR              PSHS ULSHT  74347R313        355      6750 SH              X               3       6750
PRUDENTIAL FINL INC       COM         744320102         68      2261 SH                     X      1,3       2261
PRUDENTIAL FINL INC       COM         744320102        130      4309 SH              X             1,3       4309
PRUDENTIAL FINL INC       COM         744320102         20       651 SH                     X        3        143     508
PRUDENTIAL FINL INC       COM         744320102        828     27375 SH              X               3      27181      54      140
PSYCHIATRIC SOLUT INC     COM         74439H108       3909    140360 SH              X               2     140360
PSYCHIATRIC SOLUT INC     COM         74439H108         12       442 SH                     X        3        219     223
PSYCHIATRIC SOLUT INC     COM         74439H108        491     17637 SH              X               3      16969              668
PUBLIC SVC ENTERPRISE     COM         744573106        487     16712 SH              X               3      15062             1650
PUBLIC SVC ENTERPRISE     COM         744573106        394     13509 SH                     X        3              10909     2600
PUBLIC STORAGE            COM         74460D109         32       400 SH              X             1,3        400
PUBLIC STORAGE            COM         74460D109        659      8292 SH              X               3       8292
PUBLIC STORAGE            COM         74460D109        127      1596 SH                     X        3               1596
QLOGIC CORP               COM         747277101       2033    151270 SH              X               2     151270
QLOGIC CORP               COM         747277101         14      1071 SH                     X        3               1071
QLOGIC CORP               COM         747277101        386     28698 SH              X               3      28633               65
QUALCOMM INC              COM         747525103        256      7150 SH              X             1,3       7150
QUALCOMM INC              COM         747525103         25       700 SH                     X      1,3        350     350
QUALCOMM INC              COM         747525103       2370     66140 SH              X               2      66140
QUALCOMM INC              COM         747525103      11053    308483 SH              X               3     298903    6671     2909
QUALCOMM INC              COM         747525103       1362     38007 SH                     X        3        380   34182     3445
QUANTA SVCS INC           COM         74762E102        917     46300 SH              X               2      46300





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
QUANTA SVCS INC           COM         74762E102         17       842 SH                     X        3                842
QUANTA SVCS INC           COM         74762E102        207     10449 SH              X               3       7708             2741
QUEST DIAGNOSTICS INC     COM         74834L100          2        45 SH              X               2         45
QUEST DIAGNOSTICS INC     COM         74834L100        308      5942 SH              X               3       5814              128
QUEST DIAGNOSTICS INC     COM         74834L100        290      5596 SH                     X        3               4218     1378
QUESTAR CORP              COM         748356102        229      7005 SH              X               3       7005
QUESTAR CORP              COM         748356102         55      1691 SH                     X        3               1691
QUESTCOR PHARMA INC       COM         74835Y101        547     58730 SH              X               2      58730
QUESTCOR PHARMA INC       COM         74835Y101        102     11054 SH              X               3      11006               48
QWEST COMMUNICATIONS      COM         749121109        356     97710 SH              X               3      97710
QWEST COMMUNICATIONS      COM         749121109          7      1954 SH                     X        3               1954
RPM INTL INC              COM         749685103        150     11250 SH                     X        3              11250
RPM INTL INC              COM         749685103         58      4392 SH              X               3       2490             1902
RTI BIOLOGICS INC         COM         74975N105        486    176352 SH              X               2     176352
RTI BIOLOGICS INC         COM         74975N105         84     30499 SH              X               3      30356              143
RADIOSHACK CORP           COM         750438103        307     25741 SH              X               3      25741
RADIOSHACK CORP           COM         750438103          6       494 SH                     X        3                494
RALCORP HLDGS INC NEW     COM         751028101       5804     99380 SH              X               2      99380
RALCORP HLDGS INC NEW     COM         751028101        720     12330 SH              X               3      11531              799
RANGE RES CORP            COM         75281A109        715     20803 SH              X               3      20803
RANGE RES CORP            COM         75281A109          6       178 SH                     X        3                178
RAYONIER INC              COM         754907103        314     10000 SH                     X        3              10000
RAYONIER INC              COM         754907103         54      1738 SH              X               3       1298              440
RAYTHEON CO               COM NEW     755111507        458      8975 SH              X             1,3       8975
RAYTHEON CO               COM NEW     755111507         26       500 SH                     X      1,3        400     100
RAYTHEON CO               COM NEW     755111507       1452     28430 SH              X               2      28430
RAYTHEON CO               COM NEW     755111507        616     12074 SH                     X        3        549   11525
RAYTHEON CO               COM NEW     755111507       9334    182881 SH              X               3     178256    3775      850
REALTY INCOME CORP        COM         756109104        227      9797 SH              X               3       8067             1730
REGAL BELOIT CORP         COM         758750103        271      7143 SH                     X        3               7143
REGAL BELOIT CORP         COM         758750103      25165    662423 SH              X               3     662288              135
REGAL ENTMT GROUP         CL A        758766109       5290    518030 SH              X               2     518030
REGAL ENTMT GROUP         CL A        758766109        656     64306 SH              X               3      64066              240
REGIONS FINANCIAL CORP    COM         7591EP100         14      1746 SH                     X        3               1746
REGIONS FINANCIAL CORP    COM         7591EP100        538     67598 SH              X               3      67235              363
REINSURANCE GR AMER INC   COM NEW     759351604       3765     87921 SH              X               2      87921
REINSURANCE GR AMER INC   COM NEW     759351604        176      4101 SH                     X        3               4101
REINSURANCE GR AMER INC   COM NEW     759351604        942     22018 SH              X               3      18638             3380
REPUBLIC SVCS INC         COM         760759100         11       450 SH              X             1,3        450
REPUBLIC SVCS INC         COM         760759100       3779    152470 SH              X               2     152470
REPUBLIC SVCS INC         COM         760759100        996     40182 SH              X               3      35132             5050
RESEARCH IN MOTION LTD    COM         760975102          3        75 SH                     X      1,3         75
RESEARCH IN MOTION LTD    COM         760975102         32       800 SH              X             1,3        800
RESEARCH IN MOTION LTD    COM         760975102        176      4343 SH                     X        3        660    1475     2208
RESEARCH IN MOTION LTD    COM         760975102       1065     26253 SH              X               3      21138     500     4615
RESMED INC                COM         761152107       2727     72770 SH              X               2      72770
RESMED INC                COM         761152107        539     14378 SH              X               3       9640             4738
REYNOLDS AMERICAN INC     COM         761713106         54      1334 SH                     X        3        750     584
REYNOLDS AMERICAN INC     COM         761713106       2902     71992 SH              X               3      70848     277      867
RISKMETRICS GROUP INC     COM         767735103       2045    137390 SH              X               2     137390
RISKMETRICS GROUP INC     COM         767735103        378     25381 SH              X               3      25270              111
RITE AID CORP             COM         767754104          3     11025 SH              X               3      11025
ROBERT HALF INTL INC      COM         770323103        125      5994 SH                     X        3               5994
ROBERT HALF INTL INC      COM         770323103       1164     55891 SH              X               3      21141            34750
ROCK-TENN CO              CL A        772739207        249      7287 SH              X               3       6280             1007
ROCKWELL AUTOMATION INC   COM         773903109        332     10287 SH                     X        3        300    5787     4200
ROCKWELL AUTOMATION INC   COM         773903109       1310     40618 SH              X               3      18338      17    22263
ROCKWELL COLLINS INC      COM         774341101       1427     36500 SH              X               2      36500
ROCKWELL COLLINS INC      COM         774341101        432     11051 SH              X               3      11051
ROCKWELL COLLINS INC      COM         774341101        127      3248 SH                     X        3        300    2948
ROHM & HAAS CO            COM         775371107        311      5038 SH              X               3       5038
ROHM & HAAS CO            COM         775371107         73      1189 SH                     X        3       1012     177
ROPER INDS INC NEW        COM         776696106        428      9855 SH              X               3       1161             8694
ROSS STORES INC           COM         778296103       1698     57100 SH              X               2      57100
ROSS STORES INC           COM         778296103         15       508 SH                     X        3                508
ROSS STORES INC           COM         778296103        261      8800 SH              X               3       4832             3968
ROWAN COS INC             COM         779382100        314     19772 SH              X               3      19772
ROWAN COS INC             COM         779382100          8       501 SH                     X        3                501
ROYAL DUTCH SHELL PLC     SPON ADR B  780259107         37       719 SH              X               3        719
ROYAL DUTCH SHELL PLC     SPON ADR B  780259107        364      7074 SH                     X        3               7074
ROYAL DUTCH SHELL PLC     SPON ADR    780259206        130      2450 SH              X             1,3       2450
ROYAL DUTCH SHELL PLC     SPON ADR    780259206       1149     21699 SH                     X        3       9840   11109      750
ROYAL DUTCH SHELL PLC     SPON ADR    780259206       4145     78295 SH              X               3      75245    1200     1850
ROYAL GOLD INC            COM         780287108       1172     23820 SH              X               2      23820
ROYAL GOLD INC            COM         780287108        218      4434 SH              X               3       4415               19
RYANAIR HLDGS PLC         SPON ADR    783513104        210      7231 SH              X               3       5052             2179
RYANAIR HLDGS PLC         SPON ADR    783513104         86      2949 SH                     X        3                655     2294
RYDER SYS INC             COM         783549108          6       159 SH                     X        3                159
RYDER SYS INC             COM         783549108        390     10053 SH              X               3       9922              131
RYDEX ETF TRUST           S&P 500 EQ  78355W106       2101     75559 SH              X               3      75559
RYDEX ETF TRUST           S&P 500 EQ  78355W106         57      2049 SH                     X        3        829    1220
SBA COMMUNICATIONS CORP   COM         78388J106       1577     96610 SH              X               2      96610
SBA COMMUNICATIONS CORP   COM         78388J106          8       488 SH                     X        3                488
SBA COMMUNICATIONS CORP   COM         78388J106        328     20065 SH              X               3      19570              495
SJW CORP                  COM         784305104        395     13200 SH                     X        3              13200
SK TELECOM LTD            SPON ADR    78440P108        163      8947 SH                     X        3               8947
SK TELECOM LTD            SPON ADR    78440P108        120      6589 SH              X               3       4679             1910
SLM CORP                  COM         78442p106         96     10750 SH              X               2                       10750
SPDR TR                   UNIT SER 1  78462F103         36       400 SH              X             1,3        400





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
SPDR TR                   UNIT SER 1  78462F103       3114     34505 SH                     X        3        498   34007
SPDR TR                   UNIT SER 1  78462F103      26382    292359 SH              X               3     287592    1867     2900
SPX CORP                  COM         784635104        957     23600 SH              X               2      23600
SPX CORP                  COM         784635104         47      1160 SH              X               3       1160
SPX CORP                  COM         784635104         10       247 SH                     X        3                247
SPDR GOLD TRUST           GOLD SHS    78463V107       2603     30091 SH              X               3      29166     925
SPDR GOLD TRUST           GOLD SHS    78463V107        160      1855 SH                     X        3               1855
SPDR SERIES TRUST         KBWREGBK    78464A698        590     20235 SH              X               3      20235
SPDR SERIES TRUST         KBWREGBK    78464A698         25       850 SH                     X        3                850
SPDR SERIES TRUST         DJWSTMKT    78464A805        296      4530 SH              X               3       4530
SRA INTERNATIONAL INC     CL A        78464r105         34      1944 SH              X               2                        1944
SWS GROUP INC             COM         78503N107         34      1810 SH                     X        3                        1810
SWS GROUP INC             COM         78503N107        163      8582 SH              X               3       2750             5832
SADIA S A                 SP ADR PFD  786326108         74     15100 SH                     X        3              15100
SAFEWAY INC               COM NEW     786514208         36      1500 SH                     X      1,3       1500
SAFEWAY INC               COM NEW     786514208        378     15900 SH              X             1,3      15900
SAFEWAY INC               COM NEW     786514208       3837    161423 SH              X               2     161423
SAFEWAY INC               COM NEW     786514208         81      3389 SH                     X        3                        3389
SAFEWAY INC               COM NEW     786514208        976     41083 SH              X               3      35793             5290
ST JUDE MED INC           COM         790849103       1157     35100 SH              X               2      35100
ST JUDE MED INC           COM         790849103        478     14517 SH                     X        3        800   10648     3069
ST JUDE MED INC           COM         790849103        901     27349 SH              X               3      18446      88     8815
ST MARY LD & EXPL CO      COM         792228108         51      2515 SH                     X        3               2185      330
ST MARY LD & EXPL CO      COM         792228108       2345    115480 SH              X               3     111603             3877
SAKS INC                  COM         79377W108         70     16005 SH              X               3      16005
SALLY BEAUTY HLDGS INC    COM         79546e104         85     15000 SH              X               2                       15000
SANOFI AVENTIS            SPON ADR    80105N105        210      6523 SH              X               3       6523
SANOFI AVENTIS            SPON ADR    80105N105        537     16697 SH                     X        3              16697
SAP AKTIENGESELLSCHAFT    SPON ADR    803054204         40      1103 SH                     X        3                366      737
SAP AKTIENGESELLSCHAFT    SPON ADR    803054204        203      5608 SH              X               3       3327             2281
SARA LEE CORP             COM         803111103         14      1400 SH                     X      1,3       1400
SARA LEE CORP             COM         803111103         23      2400 SH              X             1,3       2400
SARA LEE CORP             COM         803111103        115     11737 SH                     X        3       1600   10137
SARA LEE CORP             COM         803111103        565     57699 SH              X               3      52599    4700      400
SATYAM COMPUTER SVCS      ADR         804098101        158     17523 SH                     X        3              17523
SCANA CORP NEW            COM         80589M102         27       760 SH                     X        3                290      470
SCANA CORP NEW            COM         80589M102        182      5101 SH              X               3       2094             3007
SCHEIN HENRY INC          COM         806407102         11       300 SH                     X        3                300
SCHEIN HENRY INC          COM         806407102        295      8037 SH              X               3       7418              619
SCHERING PLOUGH CORP      COM         806605101         17      1000 SH                     X      1,3       1000
SCHERING PLOUGH CORP      COM         806605101        389     22850 SH              X             1,3      22350     500
SCHERING PLOUGH CORP      COM         806605101       1718    100900 SH              X               2     100900
SCHERING PLOUGH CORP      COM         806605101        908     53288 SH              X               3      51792             1496
SCHERING PLOUGH CORP      COM         806605101        290     17032 SH                     X        3              13212     3820
SCHLUMBERGER LTD          COM         806857108        912     21550 SH              X             1,3      21550
SCHLUMBERGER LTD          COM         806857108         71      1675 SH                     X      1,3       1400     275
SCHLUMBERGER LTD          COM         806857108       1160     27404 SH                     X        3      16838   10466      100
SCHLUMBERGER LTD          COM         806857108       3578     84515 SH              X               3      81262    1188     2065
SCHWAB CHARLES CORP NEW   COM         808513105        386     23850 SH              X             1,3      23850
SCHWAB CHARLES CORP NEW   COM         808513105         57      3500 SH                     X      1,3       1900    1600
SCHWAB CHARLES CORP NEW   COM         808513105       3384    209253 SH              X               2     209253
SCHWAB CHARLES CORP NEW   COM         808513105        521     32192 SH                     X        3       1165   31027
SCHWAB CHARLES CORP NEW   COM         808513105       9073    561123 SH              X               3     545094    9551     6478
SEALED AIR CORP NEW       COM         81211K100       2857    191237 SH              X               2     191237
SEALED AIR CORP NEW       COM         81211K100         33      2214 SH                     X        3               2214
SEALED AIR CORP NEW       COM         81211K100        667     44637 SH              X               3      38551             6086
SEARS HLDGS CORP          COM         812350106        209      5368 SH              X               3       5368
SEARS HLDGS CORP          COM         812350106         48      1223 SH                     X        3               1223
SELECT SECTOR SPDR TR     SBI MATLS   81369Y100        205      9028 SH              X               3       9028
SELECT SECTOR SPDR TR     SBI HLTHCR  81369Y209        203      7654 SH              X               3       7654
SELECT SECTOR SPDR TR     SBI CONDISC 81369Y407        268     12425 SH              X               3      12425
SELECT SECTOR SPDR TR     SBI INT-EN  81369Y506        347      7261 SH              X               3       7261
SELECT SECTOR SPDR TR     SBI INT-EN  81369Y506         26       535 SH                     X        3                535
SELECT SECTOR SPDR TR     SBIINT-FINL 81369Y605       1646    131500 SH  CALL        X               2
SELECT SECTOR SPDR TR     SBIINT-FINL 81369Y605       1887    150693 SH              X               3     150693
SELECT SECTOR SPDR TR     SBIINT-FINL 81369Y605         14      1110 SH                     X        3               1110
SELECT SECTOR SPDR TR     SBI INT-IND 81369Y704       1324     56523 SH              X               3      56523
SELECT SECTOR SPDR TR     SBI INT-IND 81369Y704         21       911 SH                     X        3                911
SELECT SECTOR SPDR TR     SBIINT-TECH 81369Y803       1808    117314 SH              X               3     117314
SELECT SECTOR SPDR TR     SBIINT-TECH 81369Y803         88      5738 SH                     X        3               5738
SELECT SECTOR SPDR TR     SBIINT-UTIL 81369Y886        172      5927 SH              X               3       5927
SELECT SECTOR SPDR TR     SBIINT-UTIL 81369Y886         64      2200 SH                     X        3               2200
SEMPRA ENERGY             COM         816851109       2067     48472 SH              X               2      48472
SEMPRA ENERGY             COM         816851109         32       756 SH                     X        3                756
SEMPRA ENERGY             COM         816851109       1086     25492 SH              X               3      23772             1720
SENSIENT TECH CORP        COM         81725T100       4937    206730 SH              X               2     206730
SENSIENT TECH CORP        COM         81725T100         90      3775 SH                     X        3               3775
SENSIENT TECH CORP        COM         81725T100        605     25344 SH              X               3      24206             1138
SHAW GROUP INC            COM         820280105        796     38900 SH              X               2      38900
SHAW GROUP INC            COM         820280105         31      1522 SH              X               3       1020              502
SHERWIN WILLIAMS CO       COM         824348106         18       300 SH                     X      1,3                300
SHERWIN WILLIAMS CO       COM         824348106        362      6051 SH              X               3       6051
SHERWIN WILLIAMS CO       COM         824348106         13       220 SH                     X        3                220
SIEMENS A G               SPON ADR    826197501        711      9387 SH                     X        3               8869      518
SIEMENS A G               SPON ADR    826197501        186      2456 SH              X               3       1683              773
SIGMA ALDRICH CORP        COM         826552101         42       999 SH                     X        3                999
SIGMA ALDRICH CORP        COM         826552101       1465     34676 SH              X               3      31426      50     3200
SIMON PPTY GROUP INC      COM         828806109         49       918 SH                     X        3        810     108
SIMON PPTY GROUP INC      COM         828806109       1215     22870 SH              X               3      22227              643





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
SIRIUS XM RADIO INC       COM         82967N108          1     12450 SH              X               3      12450
SIRIUS XM RADIO INC       COM         82967N108          4     31250 SH                     X        3              31250
SKYWORKS SOLUTIONS INC    COM         83088M102         70     12621 SH              X               3      12621
SMITH A O                 COM         831865209        179      6050 SH                     X        3               6050
SMITH A O                 COM         831865209        118      3992 SH              X               3       3241              751
SMITH INTL INC            COM         832110100          7       288 SH                     X        3                         288
SMITH INTL INC            COM         832110100        226      9885 SH              X               3       3104             6781
SMUCKER J M CO            COM NEW     832696405          0         4 SH              X             1,3          4
SMUCKER J M CO            COM NEW     832696405          0         4 SH                     X      1,3          4
SMUCKER J M CO            COM NEW     832696405        243      5601 SH              X               3       5601
SMUCKER J M CO            COM NEW     832696405        358      8252 SH                     X        3         40    8204        8
SNAP ON INC               COM         833034101         51      1300 SH              X             1,3       1300
SNAP ON INC               COM         833034101        150      3815 SH              X               3       3815
SNAP ON INC               COM         833034101        362      9194 SH                     X        3       7800    1394
SOLERA HOLDINGS INC       COM         83421A104       6531    270980 SH              X               2     270980
SOLERA HOLDINGS INC       COM         83421A104        678     28157 SH              X               3      28034              123
SOLUTIA INC               COM NEW     834376501        641    142521 SH              X               3     142521
SONOCO PRODS CO           COM         835495102         15       650 SH                     X      1,3        650
SONOCO PRODS CO           COM         835495102         77      3340 SH              X             1,3       3340
SONOCO PRODS CO           COM         835495102          2       100 SH                     X        3                100
SONOCO PRODS CO           COM         835495102        176      7619 SH              X               3       6301             1318
SOUTH FINL GROUP INC      COM         837841105        122     28227 SH              X               3      25967             2260
SOUTHERN CO               COM         842587107         30       804 SH              X             1,3        804
SOUTHERN CO               COM         842587107         44      1200 SH                     X      1,3       1200
SOUTHERN CO               COM         842587107        228      6165 SH              X               2       6165
SOUTHERN CO               COM         842587107       8655    233908 SH              X               3     225792    3616     4500
SOUTHERN CO               COM         842587107        564     15231 SH                     X        3       2902    7559     4770
SOUTHWEST AIRLS CO        COM         844741108        562     65191 SH              X               3      65191
SOUTHWESTERN ENERGY CO    COM         845467109       1014     35000 SH              X               2      35000
SOUTHWESTERN ENERGY CO    COM         845467109         17       602 SH                     X        3                602
SOUTHWESTERN ENERGY CO    COM         845467109       1453     50165 SH              X               3      37233            12932
SPECTRA ENERGY CORP       COM         847560109          5       300 SH              X             1,3        300
SPECTRA ENERGY CORP       COM         847560109        170     10775 SH              X               2      10775
SPECTRA ENERGY CORP       COM         847560109        101      6410 SH                     X        3       2902    3008      500
SPECTRA ENERGY CORP       COM         847560109       1800    114341 SH              X               3     112188             2153
SPECTRUM BRANDS INC       COM         84762L105         12    133700 SH              X               3     133700
SPRINT NEXTEL CORP        COM SER 1   852061100        106     57671 SH              X               3      57671
SPRINT NEXTEL CORP        COM SER 1   852061100          4      2030 SH                     X        3                820     1210
STAGE STORES INC          COM NEW     85254C305         17      2070 SH                     X        3                        2070
STAGE STORES INC          COM NEW     85254C305        156     18944 SH              X               3      13339             5605
STANCORP FINL GROUP INC   COM         852891100       2173     52013 SH              X               2      52013
STANCORP FINL GROUP INC   COM         852891100         29       702 SH                     X        3                702
STANCORP FINL GROUP INC   COM         852891100        592     14171 SH              X               3      12046             2125
STAPLES INC               COM         855030102       3929    219247 SH              X               2     219247
STAPLES INC               COM         855030102        375     20908 SH                     X        3        300   20608
STAPLES INC               COM         855030102       5253    293152 SH              X               3     280410    2480    10262
STARBUCKS CORP            COM         855244109        190     20070 SH                     X        3              20070
STARBUCKS CORP            COM         855244109        463     48995 SH              X               3      48763     201       31
STATE STR CORP            COM         857477103       3551     90290 SH              X               2      90290
STATE STR CORP            COM         857477103        160      4079 SH                     X        3        150    2899     1030
STATE STR CORP            COM         857477103       1570     39913 SH              X               3      37867             2046
STEEL DYNAMICS INC        COM         858119100          2       160 SH              X               2        160
STEEL DYNAMICS INC        COM         858119100         10       851 SH                     X        3                851
STEEL DYNAMICS INC        COM         858119100        125     11137 SH              X               3       8408             2729
STERICYCLE INC            COM         858912108         34       650 SH                     X      1,3        650
STERICYCLE INC            COM         858912108        344      6600 SH              X             1,3       6475     125
STERICYCLE INC            COM         858912108       2176     41770 SH              X               2      41770
STERICYCLE INC            COM         858912108        386      7403 SH                     X        3       6900     503
STERICYCLE INC            COM         858912108       1597     30667 SH              X               3      22508     500     7659
STERIS CORP               COM         859152100         28      1190 SH                     X        3                        1190
STERIS CORP               COM         859152100        173      7260 SH              X               3       2940             4320
STONEMOR PARTNERS L P     COM UNIT    86183Q100        378     31960 SH              X               3      31960
STRAYER ED INC            COM         863236105         17        80 SH                     X        3                          80
STRAYER ED INC            COM         863236105        438      2044 SH              X               3        248             1796
STRYKER CORP              COM         863667101        773     19360 SH              X             1,3      19360
STRYKER CORP              COM         863667101         79      1975 SH                     X      1,3       1300     675
STRYKER CORP              COM         863667101        575     14391 SH                     X        3        673   11108     2610
STRYKER CORP              COM         863667101       7448    186444 SH              X               3     174197      36    12211
SUN MICROSYSTEMS INC      COM NEW     866810203          7      1782 SH                     X        3         50    1732
SUN MICROSYSTEMS INC      COM NEW     866810203        148     38683 SH              X               3      37883              800
SUN HEALTHCARE GROUP      COM NEW     866933401       2009    226960 SH              X               2     226960
SUN HEALTHCARE GROUP      COM NEW     866933401          8       893 SH                     X        3                893
SUN HEALTHCARE GROUP      COM NEW     866933401        369     41667 SH              X               3      41483              184
SUNCOR ENERGY INC         COM         867229106        179      9181 SH              X               3       9181
SUNCOR ENERGY INC         COM         867229106        288     14768 SH                     X        3       1450   13318
SUNOCO INC                COM         86764P109          1        20 SH              X               2         20
SUNOCO INC                COM         86764P109        111      2549 SH                     X        3               2549
SUNOCO INC                COM         86764P109       1704     39197 SH              X               3      37620             1577
SUNTRUST BKS INC          COM         867914103        836     28294 SH              X               3      28294
SUNTRUST BKS INC          COM         867914103         41      1395 SH                     X        3                770      625
SUPERIOR BANCORP          COM NEW     86806M205        220     69303 SH              X             1,3      69303
SUPERVALU INC             COM         868536103        186     12719 SH              X               3      12719
SUPERVALU INC             COM         868536103         73      5016 SH                     X        3        400    1886     2730
SYBASE INC                COM         871130100       1206     48700 SH              X               2      48700
SYBASE INC                COM         871130100        104      4190 SH              X               3       2888             1302
SYKES ENTERPRISES INC     COM         871237103       2142    112040 SH              X               2     112040
SYKES ENTERPRISES INC     COM         871237103        455     23779 SH              X               3      22239             1540
SYMANTEC CORP             COM         871503108       4583    339006 SH              X               2     339006
SYMANTEC CORP             COM         871503108          6       428 SH                     X        3                428





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
SYMANTEC CORP             COM         871503108        826     61103 SH              X               3      57028     172     3903
SYNOPSYS INC              COM         871607107       1647     88908 SH              X               2      88908
SYNOPSYS INC              COM         871607107        419     22629 SH              X               3      17883             4746
SYNOVUS FINL CORP         COM         87161C105       1463    176283 SH              X               2     176283
SYNOVUS FINL CORP         COM         87161C105        114     13783 SH                     X        3              13783
SYNOVUS FINL CORP         COM         87161C105        394     47423 SH              X               3      39561             7862
SYNOVIS LIFE TECH         COM         87162G105       2337    124690 SH              X               2     124690
SYNOVIS LIFE TECH         COM         87162G105        413     22053 SH              X               3      21952              101
SYNIVERSE HLDGS INC       COM         87163F106        183     15320 SH              X               3      15320
SYNIVERSE HLDGS INC       COM         87163F106          6       525 SH                     X        3                525
SYSCO CORP                COM         871829107       2287     99680 SH              X               2      99680
SYSCO CORP                COM         871829107        769     33511 SH                     X        3       1860   30086     1565
SYSCO CORP                COM         871829107       3703    161449 SH              X               3     134723     464    26262
TCF FINL CORP             COM         872275102        153     11218 SH              X               3       8963     320     1935
TDK CORP                  ADR         872351408          2        53 SH              X               3         53
TDK CORP                  ADR         872351408        255      6851 SH                     X        3               6851
TECO ENERGY INC           COM         872375100          6       500 SH              X             1,3        500
TECO ENERGY INC           COM         872375100          6       500 SH                     X      1,3        500
TECO ENERGY INC           COM         872375100        147     11923 SH              X               3      11923
TECO ENERGY INC           COM         872375100          7       600 SH                     X        3                600
TJX COS INC NEW           COM         872540109       2559    124400 SH              X               2     124400
TJX COS INC NEW           COM         872540109         24      1167 SH                     X        3               1167
TJX COS INC NEW           COM         872540109        403     19595 SH              X               3      17414      35     2146
TRW AUTO HLDGS CORP       COM         87264S106         57     15903 SH              X               3      15903
TNS INC                   COM         872960109       1361    144910 SH              X               2     144910
TNS INC                   COM         872960109        242     25803 SH              X               3      25685              118
TAIWAN SEMICONDUCTOR      SPON ADR    874039100        199     25132 SH              X               3      18837             6295
TAIWAN SEMICONDUCTOR      SPON ADR    874039100         96     12192 SH                     X        3               2520     9672
TARGET CORP               COM         87612E106        424     12265 SH              X             1,3      12265
TARGET CORP               COM         87612E106         65      1875 SH                     X      1,3       1450     425
TARGET CORP               COM         87612E106       1312     38000 SH              X               2      38000
TARGET CORP               COM         87612E106       1384     40074 SH                     X        3      26220   11254     2600
TARGET CORP               COM         87612E106       4432    128357 SH              X               3     124018     740     3599
TARGET CORP               COM         87612E106        204      5900 SH              X               2                        5900
TEAM FINANCIAL INC        COM         87815X109          5     17000 SH              X               3                       17000
TECHNE CORP               COM         878377100        323      5000 SH                     X        3               5000
TECHNE CORP               COM         878377100        114      1765 SH              X               3       1470              295
TECHNITROL INC            COM         878555101          9      2580 SH                     X        3                        2580
TECHNITROL INC            COM         878555101         59     16824 SH              X               3       9799             7025
TECK COMINCO LTD          CL B        878742204         57     11595 SH              X               3      11595
TECK COMINCO LTD          CL B        878742204          0        21 SH                     X        3                 21
TEKELEC                   COM         879101103        292     21875 SH              X               3      20525             1350
TELECOM CORP NEWZEA LTD   SPON ADR    879278208         70     10516 SH              X               3      10516
TELECOM ITALIA S P A      SP ADR SVG  87927Y201          4       317 SH              X               3        317
TELECOM ITALIA S P A      SP ADR SVG  87927Y201        342     30120 SH                     X        3              30120
TELECOMMUNICATION SYS     CL A        87929J103       1585    184575 SH              X               2     184575
TELECOMMUNICATION SYS     CL A        87929J103        295     34370 SH              X               3      34219              151
TELEFLEX INC              COM         879369106        176      3520 SH                     X        3               3520
TELEFLEX INC              COM         879369106         58      1159 SH              X               3        587              572
TELEFONICA S A            SPON ADR    879382208        308      4572 SH              X               3       3596              976
TELEFONICA S A            SPON ADR    879382208        159      2361 SH                     X        3               1223     1138
TELEPHONE & DATA SYS      COM         879433100        234      7375 SH                     X        3               7375
TELEPHONE & DATA SYS      COM         879433100        125      3931 SH              X               3       2564             1367
TELLABS INC               COM         879664100          2       500 SH              X             1,3        500
TELLABS INC               COM         879664100        174     42192 SH              X               3      42192
TELLABS INC               COM         879664100         16      3843 SH                     X        3               3843
TEMPLE INLAND INC         COM         879868107          6      1170 SH                     X        3                        1170
TEMPLE INLAND INC         COM         879868107         92     19088 SH              X               3      11723             7365
TERADATA CORP DEL         COM         88076W103        308     20756 SH              X               3      20756
TERADATA CORP DEL         COM         88076W103        131      8822 SH                     X        3               8822
TERADYNE INC              COM         880770102         66     15593 SH              X               3      15593
TERADYNE INC              COM         880770102          1       231 SH                     X        3                231
TEREX CORP NEW            COM         880779103        192     11108 SH              X               3      11108
TERRA NITROGEN CO L P     COM UNIT    881005201        245      2600 SH              X               3       2600
TESORO CORP               COM         881609101        256     19473 SH              X               3      19473
TESORO CORP               COM         881609101          5       353 SH                     X        3                353
TEVA PHARMACEUTICAL       ADR         881624209       1877     44100 SH              X               2      44100
TEVA PHARMACEUTICAL       ADR         881624209       1974     46368 SH              X               3      44257             2111
TEVA PHARMACEUTICAL       ADR         881624209        819     19239 SH                     X        3      13260    2954     3025
TETRA TECH INC NEW        COM         88162G103       1851     76650 SH              X               2      76650
TETRA TECH INC NEW        COM         88162G103         60      2500 SH                     X        3               2500
TETRA TECH INC NEW        COM         88162G103        281     11654 SH              X               3      10533             1121
TEXAS INSTRS INC          COM         882508104        414     26660 SH                     X        3        745   25915
TEXAS INSTRS INC          COM         882508104        654     42135 SH              X               3      40897     602      636
TEXTRON INC               COM         883203101          6       450 SH                     X      1,3        450
TEXTRON INC               COM         883203101         10       750 SH              X             1,3        750
TEXTRON INC               COM         883203101        128      9218 SH              X               3       8168             1050
TEXTRON INC               COM         883203101         58      4161 SH                     X        3               2811     1350
THERMO FISHER SCI INC     COM         883556102       6313    185307 SH              X               2     185307
THERMO FISHER SCI INC     COM         883556102        481     14118 SH                     X        3       1721    3364     9033
THERMO FISHER SCI INC     COM         883556102       2124     62346 SH              X               3      46534      57    15755
THORATEC CORP             COM NEW     885175307       3042     93620 SH              X               2      93620
THORATEC CORP             COM NEW     885175307        630     19398 SH              X               3      18747              651
3COM CORP                 COM         885535104         26     11355 SH              X               3       4960             6395
3M CO                     COM         88579Y101         17       300 SH                     X      1,3        300
3M CO                     COM         88579Y101        221      3845 SH              X             1,3       3845
3M CO                     COM         88579Y101       1749     30400 SH              X               2      30400
3M CO                     COM         88579Y101       2771     48151 SH                     X        3       5235   40570     2346
3M CO                     COM         88579Y101      13353    232055 SH              X               3     224532    5160     2363





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
3M COMPANY                COM         88579Y101        345      6000 SH              X               2                        6000
TIME WARNER INC           COM         887317105          7       700 SH                     X      1,3        700
TIME WARNER INC           COM         887317105       1333    132472 SH              X               2     132472
TIME WARNER INC           COM         887317105        483     47970 SH                     X        3        400   46370     1200
TIME WARNER INC           COM         887317105       4640    461228 SH              X               3     414535    6392    40301
TITANIUM METALS CORP      COM NEW     888339207         95     10815 SH              X               3      10815
TITANIUM METALS CORP      COM NEW     888339207          6       661 SH                     X        3                661
TOLL BROTHERS INC         COM         889478103       3029    141351 SH              X               2     141351
TOLL BROTHERS INC         COM         889478103        750     34999 SH              X               3      28352             6647
TOMKINS PLC               SPON ADR    890030208          1       141 SH              X               3        141
TOMKINS PLC               SPON ADR    890030208         98     13381 SH                     X        3              13381
TOMOTHERAPY INC           COM         890088107        985    413816 SH              X               3     413816
TORCHMARK CORP            COM         891027104          7       161 SH                     X        3                161
TORCHMARK CORP            COM         891027104        203      4537 SH              X               3       4248      68      221
TOTAL S A                 SPON ADR    89151E109        147      2666 SH                     X        3               2043      623
TOTAL S A                 SPON ADR    89151E109        136      2460 SH              X               3       1527              933
TOTAL SYS SVCS INC        COM         891906109         37      2627 SH              X               3       2627
TOTAL SYS SVCS INC        COM         891906109        144     10285 SH                     X        3              10285
TRACTOR SUPPLY CO         COM         892356106        345      9537 SH              X               3       1624             7913
TRAVELERS COMPANIES INC   COM         89417E109          1        14 SH                     X      1,3         14
TRAVELERS COMPANIES INC   COM         89417E109         14       314 SH              X             1,3        314
TRAVELERS COMPANIES INC   COM         89417E109       5164    114240 SH              X               2     114240
TRAVELERS COMPANIES INC   COM         89417E109       1373     30373 SH              X               3      30244              129
TRAVELERS COMPANIES INC   COM         89417E109        463     10247 SH                     X        3               5515     4732
TREEHOUSE FOODS INC       COM         89469A104       4719    173220 SH              X               2     173220
TREEHOUSE FOODS INC       COM         89469A104        924     33923 SH              X               3      33109              814
TRIMBLE NAVIGATION LTD    COM         896239100         14       660 SH                     X        3                         660
TRIMBLE NAVIGATION LTD    COM         896239100        331     15302 SH              X               3       2422            12880
TUPPERWARE BRANDS CORP    COM         899896104        360     15857 SH                     X        3              14877      980
TUPPERWARE BRANDS CORP    COM         899896104        252     11118 SH              X               3       7975             3143
TWIN DISC INC             COM         901476101         82     11932 SH                     X        3       3360    8572
TYSON FOODS INC           CL A        902494103       2603    297149 SH              X               2     297149
TYSON FOODS INC           CL A        902494103        620     70822 SH              X               3      61322             9500
UGI CORP NEW              COM         902681105        292     11961 SH              X               3      10520             1441
UST INC                   COM         902911106         19       273 SH                     X        3                273
UST INC                   COM         902911106       1040     14992 SH              X               3      14741      99      152
US BANCORP DEL            COM NEW     902973304         39      1575 SH              X             1,3       1575
US BANCORP DEL            COM NEW     902973304       3126    125000 SH  PUT         X               2
US BANCORP DEL            COM NEW     902973304       4522    180805 SH              X               2     180805
US BANCORP DEL            COM NEW     902973304       1917     76643 SH                     X        3      13583   63060
US BANCORP DEL            COM NEW     902973304      19977    798771 SH              X               3     772369   11135    15267
URS CORP NEW              COM         903236107        18        452 SH                     X        3                452
URS CORP NEW              COM         903236107        318      7790 SH              X               3       4852             2938
ULTA SALON COSM & FRAG    COM         90384S303        854    103100 SH              X               2     103100
ULTA SALON COSM & FRAG    COM         90384S303        151     18317 SH              X               3      18233               84
UNILEVER PLC              SP ADR NEW  904767704         46      2005 SH                     X        3               1275      730
UNILEVER PLC              SP ADR NEW  904767704        158      6875 SH              X               3       3175             3700
UNILEVER N V              NY SHS NEW  904784709        386     15730 SH              X               3      15730
UNILEVER N V              NY SHS NEW  904784709         17       705 SH                     X        3                705
UNION PAC CORP            COM         907818108         10       200 SH              X             1,3        200
UNION PAC CORP            COM         907818108        854     17865 SH                     X        3       1625   15740      500
UNION PAC CORP            COM         907818108       2854     59708 SH              X               3      54087    3821     1800
UNITED PARCEL SERVICE     CL B        911312106         11       200 SH              X             1,3        200
UNITED PARCEL SERVICE     CL B        911312106        177      3214 SH              X               2       3214
UNITED PARCEL SERVICE     CL B        911312106        782     14174 SH                     X        3        180   12869     1125
UNITED PARCEL SERVICE     CL B        911312106      11272    204360 SH              X               3     192936    1820     9604
US OIL FUND LP            UNITS       91232N108       1167     35250 SH              X               3      35250
UNITED STATES STL CORP    COM         912909108         92      2483 SH                     X        3               2483
UNITED STATES STL CORP    COM         912909108        158      4250 SH              X               3       4050              200
UNITED TECHNOLOGIES       COM         913017109       1496     27915 SH              X             1,3      27915
UNITED TECHNOLOGIES       COM         913017109        170      3175 SH                     X      1,3       2575     600
UNITED TECHNOLOGIES       COM         913017109       4012     74830 SH              X               2      74830
UNITED TECHNOLOGIES       COM         913017109       2906     54212 SH                     X        3      15738   31216     7258
UNITED TECHNOLOGIES       COM         913017109       6629    123691 SH              X               3     114119    1386     8186
UNITED THERA CORP DEL     COM         91307C102       2285     36530 SH              X               2      36530
UNITED THERA CORP DEL     COM         91307C102        314      5021 SH              X               3       5002               19
UNITEDHEALTH GROUP INC    COM         91324P102       1120     42094 SH              X               3      41795     116      183
UNITEDHEALTH GROUP INC    COM         91324P102        119      4483 SH                     X        3        100    2022     2361
UNITEDHEALTH GROUP INC    COM         91324P102        213      8000 SH              X               2                        8000
UNIVERSAL HEALTH REIT     SH BEN INT  91359E105         56      1700 SH              X               2                        1700
UNUM GROUP                COM         91529Y106         18       942 SH              X             1,3        942
UNUM GROUP                COM         91529Y106        299     16102 SH              X               3      16102
UNUM GROUP                COM         91529Y106          5       259 SH                     X        3                259
URBAN OUTFITTERS INC      COM         917047102        674     45000 SH              X               2      45000
URBAN OUTFITTERS INC      COM         917047102          6       430 SH                     X        3                         430
URBAN OUTFITTERS INC      COM         917047102         39      2565 SH              X               3       1771              794
V F CORP                  COM         918204108        254      4631 SH              X               3       4631
V F CORP                  COM         918204108        105      1919 SH                     X        3               1919
VALEANT PHARMACEUTICALS   COM         91911X104        365     15957 SH              X               3      14433             1524
VALERO ENERGY CORP NEW    COM         91913Y100         14       650 SH                     X      1,3        650
VALERO ENERGY CORP NEW    COM         91913Y100         90      4150 SH              X             1,3       4150
VALERO ENERGY CORP NEW    COM         91913Y100        824     38080 SH              X               2      38080
VALERO ENERGY CORP NEW    COM         91913Y100        102      4708 SH                     X        3               4708
VALERO ENERGY CORP NEW    COM         91913Y100        600     27720 SH              X               3      27344     158      218
VANGUARD BD INDEX FD      INTMTERM    921937819      10146    127513 SH              X               3     127513
VANGUARD BD INDEX FD      INTMTERM    921937819        390      4900 SH                     X        3               4900
VANGUARD BD INDEX FD      SH TRM BD   921937827       7345     91180 SH              X               3      91180
VANGUARD BD INDEX FD      SH TRM BD   921937827        174      2160 SH                     X        3               2160
VANGUARD TAX-MANAGED FD   EUROPACETF  921943858        253      9211 SH              X               3       9211





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
VANGUARD WHITEHALL FDS    HIGHDIVYLD  921946406        482     14349 SH              X               3      14349
VANGUARD WHITEHALL FDS    HIGHDIVYLD  921946406         53      1578 SH                     X        3               1578
VANGUARD INTL EQUITY      WRLDEXUS    922042775        480     14847 SH              X               3      14847
VANGUARD INTL EQUITY      EMR MKT ETF 922042858       1796     76186 SH              X               3      76186
VANGUARD INTL EQUITY      EMR MKT ETF 922042858         84      3560 SH                     X        3               3560
VANGUARD INTL EQUITY      EURO ETF    922042874         58      1500 SH                     X        3       1175     325
VANGUARD INTL EQUITY      EURO ETF    922042874       2015     52540 SH              X               3      51340    1200
VANGUARD WORLD FDS        FINCLS ETF  92204A405        209      8090 SH              X               3       8090
VARIAN MED SYS INC        COM         92220P105         55      1564 SH                     X        3               1564
VARIAN MED SYS INC        COM         92220P105        535     15261 SH              X               3       5860             9401
VECTREN CORP              COM         92240G101        125      4986 SH                     X        3       4584     402
VECTREN CORP              COM         92240G101        283     11302 SH              X               3       9926             1376
VANGUARD IND FDS          MCVLIDXVIP  922908512        491     15000 SH              X               3      15000
VANGUARD IND FDS          MCGRIDXVIP  922908538        237      7000 SH              X               3       7000
VANGUARD IND FDS          REIT ETF    922908553        139      3800 SH                     X        3               3800
VANGUARD IND FDS          REIT ETF    922908553       1752     48071 SH              X               3      47071             1000
VANGUARD INDEX FDS        SC VAL ETF  922908611       3618     85245 SH              X               3      84835              410
VANGUARD INDEX FDS        MID CAP ETF 922908629        772     17860 SH              X               3      17860
VANGUARD INDEX FDS        MID CAP ETF 922908629        130      3000 SH                     X        3               3000
VANGUARD IND FDS          EXTMKTETF   922908652        212      6700 SH              X               3       6700
VANGUARD IND FDS          EXTMKTETF   922908652        126      4000 SH                     X        3               4000
VANGUARD INDEX FDS        GR ETF      922908736       2319     58695 SH              X               3      58695
VANGUARD INDEX FDS        GR ETF      922908736        107      2720 SH                     X        3               2720
VANGUARD INDEX FDS        VALUE ETF   922908744        375      9122 SH              X               3       9122
VANGUARD INDEX FDS        VALUE ETF   922908744        494     12014 SH                     X        3              12014
VANGUARD INDEX FDS        STKMRKETF   922908769        863     19292 SH                     X        3       6400   12892
VANGUARD INDEX FDS        STKMRKETF   922908769      13469    301053 SH              X               3     297163             3890
VEOLIA ENVIRONNEMENT      SPON ADR    92334N103        807     25445 SH              X               3      25445
VEOLIA ENVIRONNEMENT      SPON ADR    92334N103        393     12400 SH                     X        3              12400
VERIZON COMMUNICATIONS    COM         92343V104        808     23842 SH              X             1,3      23842
VERIZON COMMUNICATIONS    COM         92343V104         88      2610 SH                     X      1,3       2310     300
VERIZON COMMUNICATIONS    COM         92343V104       7732    228085 SH              X               2     228085
VERIZON COMMUNICATIONS    COM         92343V104      22126    652668 SH              X               3     640583    6755     5330
VERIZON COMMUNICATIONS    COM         92343V104       2670     78768 SH                     X        3      27828   43943     6997
VERIZON COMMUNICATIONS    COM         92343V104        104      3064 SH              X               2                        3064
VERTEX PHARMACEUTICALS    COM         92532F100        606     19934 SH              X               3      18954              980
VIACOM INC NEW            CL B        92553P201        359     18830 SH              X               3      18630     200
VIACOM INC NEW            CL B        92553P201         36      1866 SH                     X        3               1866
VIROPHARMA INC            COM         928241108        706     54196 SH              X               3      51853             2343
VISA INC                  COM CL A    92826C839       1049     20000 SH              X               2      20000
VISA INC                  COM CL A    92826C839         38       733 SH              X               3        733
VISA INC                  COM CL A    92826C839         52      1000 SH                     X        3               1000
VODAFONE GROUP PLC NEW    SPON ADR    92857W209         21      1043 SH              X             1,3       1043
VODAFONE GROUP PLC NEW    SPON ADR    92857W209        591     28890 SH                     X        3              27681     1209
VODAFONE GROUP PLC NEW    SPON ADR    92857W209        692     33852 SH              X               3      31467     580     1805
VODAFONE GROUP PLC        SPON ADR    92857W209         89      4375 SH              X               2                        4375
VORNADO RLTY TR           SH BEN INT  929042109         67      1104 SH              X               3       1104
VORNADO RLTY TR           SH BEN INT  929042109        383      6345 SH                     X        3               6345
VULCAN MATLS CO           COM         929160109       2030     29173 SH              X               3      29173
VULCAN MATLS CO           COM         929160109         18       256 SH                     X        3                256
WACOAL HOLDINGS CORP      ADR         930004205          3        44 SH              X               3         44
WACOAL HOLDINGS CORP      ADR         930004205        271      4113 SH                     X        3               4113
WAL MART STORES INC       COM         931142103       1477     26345 SH              X             1,3      26145     200
WAL MART STORES INC       COM         931142103         90      1600 SH                     X      1,3       1300     300
WAL MART STORES INC       COM         931142103       9586    171010 SH              X               2     171010
WAL MART STORES INC       COM         931142103       3848     68633 SH                     X        3       2190   59646     6797
WAL MART STORES INC       COM         931142103      26527    473187 SH              X               3     441102   17684    14401
WALGREEN CO               COM         931422109        375     15215 SH              X             1,3      15015     200
WALGREEN CO               COM         931422109        185      7500 SH                     X      1,3       6900     600
WALGREEN CO               COM         931422109          6       230 SH              X               2        230
WALGREEN CO               COM         931422109       2590    104969 SH                     X        3      27335   76154     1480
WALGREEN CO               COM         931422109       6984    283097 SH              X               3     261871   16646     4580
WASTE MGMT INC DEL        COM         94106L109       2853     86090 SH              X               2      86090
WASTE MGMT INC DEL        COM         94106L109       3369    101660 SH              X               3      98551     302     2807
WASTE MGMT INC DEL        COM         94106L109        577     17397 SH                     X        3       1700    9575     6122
WATERS CORP               COM         941848103        129      3527 SH                     X        3        462    1150     1915
WATERS CORP               COM         941848103        695     18968 SH              X               3      15491             3477
WATSON PHARM INC          COM         942683103        231      8702 SH              X               3       8702
WATSON PHARM INC          COM         942683103        109      4103 SH                     X        3               4103
WATSON WYATT WORLDWIDE    CL A        942712100       5230    109370 SH              X               2     109370
WATSON WYATT WORLDWIDE    CL A        942712100         13       271 SH                     X        3        131     140
WATSON WYATT WORLDWIDE    CL A        942712100        638     13356 SH              X               3      12544              812
WAUSAU PAPER CORP         COM         943315101       1423    124380 SH                     X        3      27847   96433      100
WAUSAU PAPER CORP         COM         943315101       1145    100055 SH              X               3      98082             1973
WELLPOINT INC             COM         94973V107       1171     27804 SH              X               3      27604      32      168
WELLPOINT INC             COM         94973V107        132      3142 SH                     X        3               2772      370
WELLS FARGO & CO NEW      COM         949746101        303     10265 SH              X             1,3      10265
WELLS FARGO & CO NEW      COM         949746101         37      1250 SH                     X      1,3        950     300
WELLS FARGO & CO NEW      COM         949746101       4555    154500 SH  PUT         X               2
WELLS FARGO & CO NEW      COM         949746101       5318    180400 SH              X               2     180400
WELLS FARGO & CO NEW      COM         949746101       2971    100768 SH                     X        3      29767   69001     2000
WELLS FARGO & CO NEW      COM         949746101      21784    738949 SH              X               3     718980    4948    15021
WENDYS ARBYS GROUP INC    COM         950587105         79     15950 SH              X               3      15950
WENDYS ARBYS GROUP INC    COM         950587105         31      6179 SH                     X        3                  1     6178
WESTERN DIGITAL CORP      COM         958102105          7       641 SH                     X        3                641
WESTERN DIGITAL CORP      COM         958102105        113      9874 SH              X               3       7278             2596
WESTERN UN CO             COM         959802109         13       939 SH                     X        3        100     839
WESTERN UN CO             COM         959802109        249     17361 SH              X               3      16669              692
WEYCO GROUP INC           COM         962149100        341     10332 SH                     X        3              10332





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
WEYERHAEUSER CO           COM         962166104        127      4134 SH              X               2       4134
WEYERHAEUSER CO           COM         962166104        257      8391 SH                     X        3       2430    5961
WEYERHAEUSER CO           COM         962166104       3994    130485 SH              X               3     120143    8599     1743
WHIRLPOOL CORP            COM         963320106       2282     55187 SH              X               2      55187
WHIRLPOOL CORP            COM         963320106          1        14 SH                     X        3                 14
WHIRLPOOL CORP            COM         963320106        784     18979 SH              X               3      13079             5900
WILLIAMS COS INC DEL      COM         969457100         79      5469 SH                     X        3               5469
WILLIAMS COS INC DEL      COM         969457100        582     40216 SH              X               3      39982      30      204
WINDSTREAM CORP           COM         97381W104        290     31520 SH              X               2      31520
WINDSTREAM CORP           COM         97381W104         73      7949 SH                     X        3               7949
WINDSTREAM CORP           COM         97381W104       3633    394944 SH              X               3     392908     381     1655
WINN DIXIE STORES INC     COM NEW     974280307         93      5800 SH                     X        3               2300     3500
WINN DIXIE STORES INC     COM NEW     974280307        104      6434 SH              X               3       2884             3550
WISCONSIN ENERGY CORP     COM         976657106       4833    115128 SH              X               3     110593    3750      785
WISCONSIN ENERGY CORP     COM         976657106       1212     28861 SH                     X        3       3148   24371     1342
WOODWARD GOVERNOR CO      COM         980745103         16       685 SH                     X        3        171     514
WOODWARD GOVERNOR CO      COM         980745103        691     30033 SH              X               3      29051              982
WORLD FUEL SVCS CORP      COM         981475106         15       410 SH                     X        3                410
WORLD FUEL SVCS CORP      COM         981475106        195      5280 SH              X               3       3990             1290
WRIGHT MED GROUP INC      COM         98235T107       3150    154170 SH              X               2     154170
WRIGHT MED GROUP INC      COM         98235T107          9       460 SH                     X        3                460
WRIGHT MED GROUP INC      COM         98235T107        578     28316 SH              X               3      28190              126
WYETH                     COM         983024100        446     11900 SH              X             1,3      11900
WYETH                     COM         983024100         71      1900 SH                     X      1,3       1450     450
WYETH                     COM         983024100       5317    141754 SH              X               3     139213    1821      720
WYETH                     COM         983024100       1992     53109 SH                     X        3       8759   41946     2404
WYNDHAM WORLDWIDE CORP    COM         98310W108        226     34437 SH              X               3      34437
WYNDHAM WORLDWIDE CORP    COM         98310W108          9      1362 SH                     X        3               1362
XTO ENERGY INC            COM         98385X106         18       500 SH                     X      1,3        500
XTO ENERGY INC            COM         98385X106        305      8650 SH              X             1,3       8500     150
XTO ENERGY INC            COM         98385X106       1598     45310 SH              X               2      45310
XTO ENERGY INC            COM         98385X106        272      7708 SH                     X        3        502    7206
XTO ENERGY INC            COM         98385X106       5098    144542 SH              X               3     133134     480    10928
XCEL ENERGY INC           COM         98389B100        362     19502 SH              X               3      19502
XCEL ENERGY INC           COM         98389B100         72      3876 SH                     X        3               3876
XILINX INC                COM         983919101        697     39110 SH              X               2      39110
XILINX INC                COM         983919101         10       574 SH                     X        3                574
XILINX INC                COM         983919101        316     17725 SH              X               3      17367              358
XEROX CORP                COM         984121103       2436    305616 SH              X               2     305616
XEROX CORP                COM         984121103         57      7121 SH                     X        3                583     6538
XEROX CORP                COM         984121103        843    105732 SH              X               3      95765             9967
YAHOO INC                 COM         984332106       2153    176500 SH              X               2     176500
YAHOO INC                 COM         984332106         99      8094 SH                     X        3               8094
YAHOO INC                 COM         984332106        107      8732 SH              X               3       8098     222      412
YUM BRANDS INC            COM         988498101       5718    181503 SH              X               2     181503
YUM BRANDS INC            COM         988498101        134      4242 SH                     X        3        600    3642
YUM BRANDS INC            COM         988498101       1624     51572 SH              X               3      46893     108     4571
ZEP INC                   COM         98944B108        354     18324 SH              X               3      16916             1408
ZIMMER HLDGS INC          COM         98956P102        213      5281 SH                     X        3        300    4981
ZIMMER HLDGS INC          COM         98956P102        477     11793 SH              X               3      11561      55      177
ZOLTEK COS INC            COM         98975W104         60      6620 SH              X               3       6620
ZOLTEK COS INC            COM         98975W104       1399    155638 SH                     X        3             155638
AIRCASTLE LTD             COM         G0129K104         57     11960 SH              X               3      11960
AMDOCS LTD                ORD         G02602103        306     16730 SH              X               3       1450            15280
ARCH CAP GROUP LTD        ORD         G0450A105         14       200 SH              X             1,3        200
ARCH CAP GROUP LTD        ORD         G0450A105        188      2688 SH              X               3       2688
ARGO GROUP INTL HLDGS     COM         G0464B107        238      7025 SH              X               3       7025
ACCENTURE LTD BERMUDA     CL A        G1150G111        458     13954 SH                     X        3       1431    6971     5552
ACCENTURE LTD BERMUDA     CL A        G1150G111       2086     63602 SH              X               3      33856            29746
COOPER INDS LTD           CL A        G24182100          7       224 SH                     X        3                224
COOPER INDS LTD           CL A        G24182100        508     17369 SH              X               3      17140              229
COVIDIEN LTD              COM         G2552X108        139      3837 SH                     X        3               2677     1160
COVIDIEN LTD              COM         G2552X108       1148     31680 SH              X               3      21984             9696
INGERSOLL-RAND COMPANY    CL A        G4776G101         18      1040 SH              X             1,3       1040
INGERSOLL-RAND COMPANY    CL A        G4776G101          2       100 SH                     X      1,3                100
INGERSOLL-RAND COMPANY    CL A        G4776G101        122      7058 SH                     X        3               7058
INGERSOLL-RAND COMPANY    CL A        G4776G101        401     23114 SH              X               3      22093     136      885
INVESCO LTD               SHS         G491BT108       3741    259034 SH              X               2     259034
INVESCO LTD               SHS         G491BT108        139      9595 SH                     X        3               9595
INVESCO LTD               SHS         G491BT108        943     65362 SH              X               3      56452             8910
MAX CAPITAL GROUP LTD     SHS         G6052F103         33      1868 SH                     X        3                448     1420
MAX CAPITAL GROUP LTD     SHS         G6052F103        295     16645 SH              X               3      12795             3850
NABORS INDUSTRIES LTD     SHS         G6359F103        999     83496 SH              X               3      83298     198
NABORS INDUSTRIES LTD     SHS         G6359F103         24      1995 SH                     X        3        500    1495
NOBLE CORPORATION         SHS         G65422100        552     25000 SH              X               2      25000
NOBLE CORPORATION         SHS         G65422100        252     11381 SH              X               3      11209              172
NOBLE CORPORATION         SHS         G65422100         16       714 SH                     X        3                304      410
PARTNERRE LTD             COM         G6852T105       3984     55907 SH              X               2      55907
PARTNERRE LTD             COM         G6852T105        930     13044 SH              X               3      11204             1840
PLATINUM UNDERWRITER      COM         G7127P100         51      1413 SH                     X        3                333     1080
PLATINUM UNDERWRITER      COM         G7127P100        368     10187 SH              X               3       7237             2950
SEAGATE TECH              SHS         G7945J104        195     44000 SH              X               3      44000
UTI WORLDWIDE INC         ORD         G87210103        376     26200 SH              X               3      26200
TRANSOCEAN LTD            SHS         G90073100        162      3433 SH              X               2                        3433
TYCO INTL LTD BERMUDA     SHS         G9143X208         91      4208 SH                     X        3               4208
TYCO INTL LTD BERMUDA     SHS         G9143X208        903     41805 SH              X               3      28995            12810
TYCO ELECTRONICS LTD      COM NEW     G9144P105        109      6734 SH                     X        3               6734
TYCO ELECTRONICS LTD      COM NEW     G9144P105       1148     70822 SH              X               3      49562            21260
WEATHERFORD INTL          COM         G95089101         57      5274 SH              X               3       5274





                                                   MARSHALL & ILSLEY CORPORATION
                                             SECURITIES AND EXCHANGE COMMISSION FORM 13F
                                                      ASSETS AS OF 12/31/2008

- - - - COL 1 - - - - - - -COL 2 - - - COL 3 - - - COL 4 - - - - COL 5 - - - - - - - COL 6 - - - COL 7 - - - - - - COL 8 - - - - -
----------------------------------------------------------------------------------------------------------------------------------
                                                                                      INVESTMENT
                                                                                      DISCRETION             VOTING AUTHORITY
                           TITLE                   MARKET                     ------------------------   -------------------------
                            OF                     VALUE     SHRS OR SH/ PUT/ SOLE  SHR  OTHR    OTHER      SOLE    SHARED   NONE
   NAME OF ISSUER          CLASS        CUSIP     (X$1000)   PRN AMT PRN CALL  (A)  (B)   (C)     MGRS       (A)      (B)     (C)
----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
WEATHERFORD INTL          COM         G95089101         81      7485 SH                     X        3               5196     2289
WILLIS GROUP HLDGS LTD    SHS         G96655108        263     10587 SH              X               3       9747              840
WILLIS GROUP HLDGS LTD    SHS         G96655108         66      2655 SH                     X        3                        2655
ACE LTD                   SHS         H0023R105       4573     86421 SH              X               2      86421
ACE LTD                   SHS         H0023R105         78      1479 SH                     X        3               1479
ACE LTD                   SHS         H0023R105       1173     22162 SH              X               3      19092             3070
ALCON INC                 COM         H01301102         51       575 SH                     X        3        575
ALCON INC                 COM         H01301102        276      3090 SH              X               3       3090
LOGITECH INTL S A         SHS         H50430232        215     13824 SH                     X        3       2128    3235     8461
LOGITECH INTL S A         SHS         H50430232        612     39289 SH              X               3      24124            15165
UBS AG                    SHS NEW     H89231338          2       146 SH              X               2        146
UBS AG                    SHS NEW     H89231338        451     31529 SH                     X        3              29140     2389
UBS AG                    SHS NEW     H89231338        410     28684 SH              X               3      24664             4020
AERCAP HOLDINGS NV        SHS         N00985106         61     20300 SH              X               3      20300
QIAGEN N V                ORD         N72482107       1844    105000 SH              X               2     105000
QIAGEN N V                ORD         N72482107         68      3878 SH              X               3       2278             1600
AEGEAN MARINE PETROLEUM   SHS         Y0017S102       1938    114300 SH              X               2     114300
AEGEAN MARINE PETROLEUM   SHS         Y0017S102        345     20314 SH              X               3      20221               93
FLEXTRONICS INTL LTD      ORD         Y2573F102         17      6570 SH                     X        3               2180     4390
FLEXTRONICS INTL LTD      ORD         Y2573F102         52     20332 SH              X               3       7113            13219