-----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,
 LxAG7CaFeZ57PwqddLMqbn0LXfoILcvgbY3cmwItYPEKLKlc3DvNI3mukKykpKh6
 /2qUAOubllXY8MhqNOUfDA==

<SEC-DOCUMENT>0001181431-07-016377.txt : 20070302
<SEC-HEADER>0001181431-07-016377.hdr.sgml : 20070302
<ACCEPTANCE-DATETIME>20070302163026
ACCESSION NUMBER:		0001181431-07-016377
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070228
FILED AS OF DATE:		20070302
DATE AS OF CHANGE:		20070302

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MELLON FINANCIAL CORP
		CENTRAL INDEX KEY:			0000064782
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				251233834
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE MELLON BANK CTR
		STREET 2:		500 GRANT ST
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15258-0001
		BUSINESS PHONE:		4122345000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MELLON BANK CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MELLON NATIONAL CORP
		DATE OF NAME CHANGE:	19841014

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VON SCHACK WESLEY W
		CENTRAL INDEX KEY:			0001025355

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07410
		FILM NUMBER:		07668105

	BUSINESS ADDRESS:	
		STREET 1:		ENERGY EAST CORP
		STREET 2:		P O BOX 3287
		CITY:			ITHACA
		STATE:			NY
		ZIP:			14852-3287
		BUSINESS PHONE:		6073472530

	MAIL ADDRESS:	
		STREET 1:		ENERGY EAST CORP
		STREET 2:		PO BOX 3287
		CITY:			ITHACA
		STATE:			NY
		ZIP:			14852-3287
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd149457.xml
<DESCRIPTION>FORM4  WVONSCHACK  022807
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-02-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000064782</issuerCik>
        <issuerName>MELLON FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>MEL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001025355</rptOwnerCik>
            <rptOwnerName>VON SCHACK WESLEY W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ENERGY EAST CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 5224 18 LINK DRIVE</rptOwnerStreet2>
            <rptOwnerCity>BINGHAMTON</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>13902-5224</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>86.41</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>43.40</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>97495.15</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4515.00</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Keough IRA Account</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Phantom stock acquired pursuant to the Elective Deferred Compensation Plan for Directors (Post 12/31/04) payable at a specified date in shares of Mellon Financial Corporation common stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Carl Krasik, Attorney-in-Fact</signatureName>
        <signatureDate>2007-03-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----