-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ILUmRhUzUBoIVP6hL1aD7TnK97sUt0CRugb7JTIq0xUBxvfMZ3gwRX9LRJCnemL+
 1a/fbyj9hm5FwsLLrFWt0g==

<SEC-DOCUMENT>0000062741-03-000334.txt : 20031222
<SEC-HEADER>0000062741-03-000334.hdr.sgml : 20031222
<ACCEPTANCE-DATETIME>20031222115420
ACCESSION NUMBER:		0000062741-03-000334
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031218
FILED AS OF DATE:		20031222

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARSHALL & ILSLEY CORP/WI/
		CENTRAL INDEX KEY:			0000062741
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				390968604
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ATTN: OFFICE OF THE GENERAL COUNSEL
		STREET 2:		770 NORTH WATER STREET
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		4147657801

	MAIL ADDRESS:	
		STREET 1:		770 NORTH WATER ST
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DENEEN RYAN R
		CENTRAL INDEX KEY:			0001272150

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15403
		FILM NUMBER:		031066897

	BUSINESS ADDRESS:	
		STREET 1:		C/O MARSHALL & ILSLEY
		STREET 2:		770 N. WATER ST
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		4142982933

	MAIL ADDRESS:	
		STREET 1:		C/O MARSHALL & ILSLEY
		STREET 2:		770 N. WATER ST
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c0001272150d20031222f4f.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-18</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000062741</issuerCik><issuerName>MARSHALL &amp; ILSLEY CORP/WI/</issuerName>        <issuerTradingSymbol>MI</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001272150</rptOwnerCik><rptOwnerName>DENEEN RYAN R</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>770 NORTH WATER STREET</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>MILWAUKEE</rptOwnerCity><rptOwnerState>WI</rptOwnerState><rptOwnerZipCode>53202</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Senior Vice President</officerTitle><otherText></otherText></reportingOwnerRelationship></reportin
gOwner><nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Perf. Shares</value></securityTitle><conversionOrExercisePrice><value>0</value><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-12-18</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transactionShares><transactionPricePerShare><value>0</value><fo
otnoteId id="F1"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2006-12-18</value><footnoteId id="F2"/></exerciseDate><expirationDate><value>2006-12-18</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Award of performance shares under The Amended and Restated 1994 Long-Term Incentive Plan for Executives. Performance shares may be paid following expiration of the performance period a
t the company's discretion in cash or in stock in an amount ranging from zero to 275 percent of the performance shares awarded.</footnote><footnote id="F2">Date is end of performance period. Award becomes payable following the end of the performance period when the compensation committee certifies the amount required pursuant to the terms of the award.</footnote></footnotes><ownerSignature><signatureName>Ryan E. Daniels</signatureName><signatureDate>2003-12-22</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----