8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 29, 2008

PALL CORPORATION

(Exact name of registrant as specified in its charter)

New York	001- 04311	11-1541330
(State or other jurisdiction of incorporation)	(Commission file number)	(I.R.S. Employer Identification No.)

2200 Northern Boulevard, East Hills, NY	11548
(Address of principal executive offices)	(Zip Code)

(516) 484-5400
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 Regulation FD Disclosure.

     On October 29, 2008, Pall Corporation (the “Registrant”) hosted an Investor Conference at the Grand Hyatt Hotel in New York City. In conjunction with the Investor Conference, the Registrant issued a press release outlining its new five year business plan, recapping the financial results of its previous plan and updating its fiscal 2009 guidance. A copy of the press release issued by the Registrant is furnished herewith as Exhibit 99 to this report. The information furnished pursuant to this Item 7.01 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

ITEM 9.01 Financial Statements and Exhibits.

     (d) Exhibits.

99 Press Release, dated October 29, 2008 (furnished pursuant to Item 7.01).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Pall Corporation
October 29, 2008	/s/ FRANCIS MOSCHELLA
	Francis Moschella
	Vice President - Corporate Controller Chief Accounting Officer

3

INDEX TO EXHIBITS

Exhibit
Number	Description
99	Press Release, dated October 29, 2008 (furnished pursuant to Item 7.01).

4

EX-99.1

Exhibit 99

Pall Presents Five-Year Business Plan
Updates Current Year Guidance

East Hills, NY (October 29, 2008) — Pall Corporation (NYSE:PLL) hosted an Investor Conference at the Grand Hyatt Hotel in New York City today. The Company presented its five-year strategic business plan for fiscal 2009 — 2013 to a group of financial analysts. The presentation was also webcast live to a broader audience.

By the end of Pall’s new five-year plan, sales CAGR is targeted to increase to between 7% and 9% with earnings per share ranging from $4.25 to $5.60, excluding restructuring and other charges and the impact of currency translation. The Company also updated guidance for fiscal 2009. Sales are projected to grow between 4% and 6 1/2% with earnings per share of $2.10 to $2.30, excluding restructuring and other charges and the impact of currency translation.

The new plan calls for the establishment of a Swiss entity as part of the Company’s initiatives to rationalize its European infrastructure. The new company, located in the canton of Fribourg, will lead and support sales, manufacturing, supply chain and other European functions. The Company also provided a target tax rate of 25-27% by fiscal 2013.

For the five years ending with fiscal 2008, Pall achieved a local currency sales CAGR of 6 1/2%, reduced SG&A from 33.2% to 29.1% of sales and substantially increased operating margin. The new plan builds on this success.

In his opening remarks, Pall Chairman and CEO Eric Krasnoff stated, “We are closely managing the direction of the Company, taking advantage of our many opportunities while minimizing risk during this volatile time. Pall Corporation has a strong strategic business plan and a robust process for execution. As we monitor and manage the rapidly changing global situation, the bedrock of Pall’s plan supports our expectation to achieve sustainable, profitable growth.”

Mr. Krasnoff added, “Pall’s enabling technologies help customers operate more efficiently and economically. Our singular Total Fluid Management^sm capability connects the dots across our customers’ increasingly complex global manufacturing platforms and the web of regulations they must navigate. We have the infrastructure in place to deliver on our vision that One Day All Fluids Will Pass Through Pall Products.”

The full Investor Day presentation is available on the Company’s website at http://www.pall.com/irevents http://www.pall.com/irevents.

About Pall Corporation

Pall Corporation is the global leader in the rapidly growing field of filtration, separation and purification. Pall is organized into two businesses: Life Sciences and Industrial. These businesses provide leading-edge products to meet the demanding needs of customers in biotechnology, pharmaceutical, transfusion medicine, energy, electronics, water purification, aerospace, transportation and broad industrial markets. Total revenues for fiscal year 2008 were $2.6 billion. The Company is headquartered in East Hills, New York and has extensive operations around the world. For more information visit Pall at http://www.pall.com.

Forward-Looking Statements

The matters discussed in this release contain “forward-looking statements” as defined in the Private Securities Litigation reform Act of 1995. Forward-looking statements are based on current Company expectations and are subject to risks and uncertainties, which could cause actual results to differ materially. Statements about future performance, earnings projections, earnings guidance, management’s expectations about its future cash needs and effective tax rate, and other future events or developments are forward-looking statements. Forward-looking statements are those that use terms such as “anticipate”, “should”, “believe”, “estimate”, “expect”, “intend”, “plan”, “predict”, “potential”, or similar expressions about matters that are not historical facts. Such risks and uncertainties include those discussed in our Annual Report on Form 10-K and other reports the Company files with the Securities and Exchange Commission, including, among others, the impact of the current economic environment, including the current credit market crisis, volatility in currency and energy costs and other macro-economic challenges currently affecting the Company, our customers and vendors and the economy of the United States and other parts of the world.

#

Contact:
Pall Corporation
Patricia Iannucci
V.P. Investor Relations & Corporate Communications
Telephone: 516-801-9848
Email: piannucci@pall.com