Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ELLIOTT STEVEN G
   2. Issuer Name and Ticker or Trading Symbol
Bank of New York Mellon CORP [BK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice Chairman
(Last)
(First)
(Middle)
ROOM 4700, ONE MELLON CENTER		 3. Date of Earliest Transaction (Month/Day/Year)
07/23/2007
(Street)

PITTSBURGH, PA 15258-0001		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/23/2007   A(1)   9,424 A (2) 813,932.62 D  
Common Stock 07/24/2007   M   31,250 A $ 29.6563 845,182.62 D  
Common Stock 07/24/2007   S   1,200 D $ 43.93 843,982.62 D  
Common Stock 07/24/2007   S   2,800 D $ 43.94 841,182.62 D  
Common Stock 07/24/2007   S   300 D $ 43.95 840,882.62 D  
Common Stock 07/24/2007   S   2,800 D $ 43.96 838,082.62 D  
Common Stock 07/24/2007   S   700 D $ 43.97 837,382.62 D  
Common Stock 07/24/2007   S   200 D $ 43.98 837,182.62 D  
Common Stock 07/24/2007   S   300 D $ 43.99 836,882.62 D  
Common Stock 07/24/2007   S   1,100 D $ 44 835,782.62 D  
Common Stock 07/24/2007   S   600 D $ 44.01 835,182.62 D  
Common Stock 07/24/2007   S   200 D $ 44.02 834,982.62 D  
Common Stock 07/24/2007   S   4,300 D $ 44.03 830,682.62 D  
Common Stock 07/24/2007   S   200 D $ 44.04 830,482.62 D  
Common Stock 07/24/2007   S   300 D $ 44.05 830,182.62 D  
Common Stock 07/24/2007   S   2,000 D $ 44.06 828,182.62 D  
Common Stock 07/24/2007   S   1,500 D $ 44.07 826,682.62 D  
Common Stock 07/24/2007   S   500 D $ 44.08 826,182.62 D  
Common Stock 07/24/2007   S   2,000 D $ 44.09 824,182.62 D  
Common Stock 07/24/2007   S   2,000 D $ 44.11 822,182.62 D  
Common Stock 07/24/2007   S   1,400 D $ 44.14 820,782.62 D  
Common Stock 07/24/2007   S   600 D $ 44.16 820,182.62 D  
Common Stock 07/24/2007   S   600 D $ 44.18 819,582.62 D  
Common Stock 07/24/2007   S   2,400 D $ 44.19 817,182.62 D  
Common Stock 07/24/2007   S   2,150 D $ 44.2 815,032.62 D  
Common Stock 07/24/2007   S   1,100 D $ 44.21 813,932.62 D  
Common Stock               9,859.19 (3) I 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
EMP OPT-RTB-Type NQ 07/07 $ 44.59 07/23/2007   A   37,696   12/31/2008(4) 07/22/2017 Common Stock 37,696 (2) 37,696 D  
EMP OPT-Right to Buy-Type NQ 07/23/07 $ 44.59 07/23/2007   A   470,000   07/23/2008(5) 07/22/2017 Common Stock 470,000 (2) 470,000 D  
EMP OPT (Right to Buy) Type III 1/98 $ 29.6563 07/24/2007   M     31,250 01/21/1999 01/20/2008 Common Stock 31,250 (2) 31,250 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ELLIOTT STEVEN G
ROOM 4700, ONE MELLON CENTER
PITTSBURGH, PA 15258-0001		   X     Senior Vice Chairman  

Signatures

 /s/ Richard M. Pearlman, Attorney-in-Fact   07/25/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Award of Restricted Share Units pursuant to Mellon Financial Corporation Long-Term Profit Incentive Plan (2004). Vests on December 31, 2008. Vested Units will be settled in Common Stock.
(2) Not Applicable.
(3) Holdings reported as of 07/01/2007.
(4) Grant cliff vests on this date.
(5) Grant becomes exercisable in annual increments of one-third each beginning on this date.

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