EXHIBIT 99
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                         Northern Trust Corporation
                           50 South LaSalle Street
                           Chicago, Illinois 60675
                             Contact: Sue Rageas
                              Public Relations
                               (312) 444-4279
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   FOR IMMEDIATE RELEASE
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   NORTHERN TRUST CORPORATION TO REDEEM AUCTION PREFERRED STOCK, SERIES C
               AND FLEXIBLE AUCTION PREFERRED STOCK, SERIES D

        (Chicago, April 21, 2003)  Northern Trust Corporation announced
   today (i) the call for redemption on May 21, 2003 of all of its
   outstanding Auction Preferred Stock, Series C (the "Series C
   Preferred") at the redemption price of $100,000 per share, plus
   accrued and unpaid dividends thereon to May 21, 2003 of $197.36 per
   share, for a total payment of $100,197.36 per share and (ii) the call
   for redemption on June 4, 2003 of all of its outstanding Flexible
   Auction Preferred Stock, Series D (the "Series D Preferred") at the
   redemption price of $100,000 per share, plus accrued and unpaid
   dividends thereon to June 4, 2003 of $204.17 per share, for a total
   payment of $100,204.17 per share.

        Notice of the redemption is being delivered to holders of the
   Series C Preferred and Series D Preferred on April 21, 2003.  Payment
   of the redemption price will be presented to beneficial holders of
   Series C Preferred on May 21, 2003 and to beneficial holders of Series
   D Preferred on June 4, 2003.  Payment of the redemption price will be
   made through the customary procedures of The Depository Trust Company
   ("DTC") by the crediting of DTC participants' accounts in accordance
   with those participants' respective holdings of Series C Preferred and
   Series D Preferred as shown on DTC's records.

        Dividends on the Series C Preferred will accrue through May 20,
   2003.  From and after May 21, 2003, the Series C Preferred will no
   longer be deemed outstanding and the right to receive dividends
   thereon will cease to accrue.  On May 21, 2003, all rights of holders
   of the Series C Preferred will cease and terminate, except only the
   right of the holders thereof to receive the redemption price without
   interest.

        Dividends on the Series D Preferred will accrue through June 3,
   2003.  From and after June 4, 2003, the Series D Preferred will no
   longer be deemed outstanding and the right to receive dividends
   thereon will cease to accrue.  On June 4, 2003, all rights of holders
   of the Series D Preferred will cease and terminate, except only the
   right of the holders thereof to receive the redemption price without
   interest.







        Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
   of global financial solutions for the investment management, asset
   administration, fiduciary and banking needs of affluent individuals
   and corporations and institutions. Northern Trust, a multibank holding
   company based in Chicago, has a growing network of offices in 12
   states, international offices in five countries and more than 9,300
   employees worldwide. As of December 31, 2002, Northern Trust had trust
   assets under administration of $1.5 trillion, assets under investment
   management of $302.5 billion and banking assets of nearly $40 billion.
   Northern Trust, founded in 1889, has earned distinction as an industry
   leader in combining high-touch service and expertise with innovative
   products and services. For more information, visit
   www.northerntrust.com.

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