FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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	OMB APPROVAL
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(Print or Type Responses)

1. Name and Address of Reporting Person*  Credit Suisse First Boston, on behalf of the  investment banking business of the Credit  Suisse First Boston business unit	2. Issuer Name and Ticker or Trading Symbol  Manufacturers' Services Limited (MSV)						6. Relationship of Reporting Person(s) to Issuer     (Check all applicable)     o Director                   x 10% Owner     o Officer                     o Other (specify below)        (give title below)
(Last)                     (First)                     (Middle)  11 Madison Avenue	3. I.R.S. Identification     Number of Reporting     Person, if an entity     (Voluntary)			4. Statement for     Month/Day/Year      03/31/03
(Street)  New York                  NY                        10010				5. If Amendment, Date of     Original (Month/Day/Year)     11/00			7. Individual or Joint/Group Filing     (Check Applicable Line)     x Form filed by One Reporting Person     o 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. Trans-     action     Date     (Month/     Day/     Year)	2A. Deemed        Execution        Date, if any        (Month/        Day/        Year)	3. Trans-     action     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. Owner-     ship     Form:     Direct     (D) or     Indirect     (I)     (Instr. 4)	7. Nature of     Indirect     Beneficial     Owner-     ship     (Instr. 4)
			Code	V	Amount	(A)  or (D)	Price
Common Stock	3/31/03		J(21)		17,860	A	$4.72	7,650,521	(I)	(1),(11), (12),(17),(19),(20)
Common Stock								3,027,236	(I)	(2),(19),(20)
Common Stock	3/31/03		J(21)		9,510	A	$4.72	3,435,595	(I)	(3),(12),(17),(19),(20)
Common Stock	3/31/03		J(21)		523	A	$4.72	199,046	(I)	(4),(12),(17),(19),(20)
Common Stock								1,882,440	(I)	(5),(13),(14),(19),(20)
Common Stock								10,417	(I)	(6),(14),(19),(20)
Common Stock	3/31/03		J(21)		13,813	A	$4.72	72,755	(l)	(7),(13) (14),(19), (20)

Reminder:	Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

FORM 4 (continued)

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. Conver-     sion or     Exercise     Price of     Deri-     vative     Security

3. Trans-     action     Date     (Month/     Day/     Year)

3A. Deemed        Execution        Date, if        any        (Month/        Day/        Year)

4. Trans-     action     Code     (Instr. 8)

5. Number of Deriv-     ative Securities     Acquired (A) or     Disposed of (D)     (Instr. 3, 4, and 5

6. Date Exer-     cisable and     Expiration     Date     (Month/Day     Year)

7. Title and Amount of     Underlying Securities     (Instr. 3 and 4)

8. Price     of     Deriv-     ative     Security     (Instr.     5)

9. Number     of deriv-     ative     Securities     Bene-     ficially     Owned     Following     Reported     Trans-     action(s)     (Instr. 4)

10. Owner-       ship       Form of       Deriv-       ative       Security       Direct       (D) or       Indirect       (I)       (Instr. 4)

11. Nature       of       Indirect       Benefi-       cial       Owner-       ship       (Instr. 4)

Code

V

(A)

(D)

Date Exer- cisable

Expira- tion Date

Title

Amount or Number of Shares

Preferred Stock

$6.44

3/14/02

P

Immed.

3/14/07

Common Stock

996,935

$50.00

128,471

(I)

(1),(11), (12),(17),(19),(20)

Preferred Stock

$6.44

3/14/02

P

Immed.

3/14/07

Common Stock

530,846

$50.00

68,408

(I)

(3),(12),(17),(19),(20)

Preferred Stock

$6.44

3/14/02

P

Immed.

3/14/07

Common Stock

29,193

$50.00

3,762

(I)

(4),(12),(17),(19),(20)

Preferred Stock

$6.44

3/14/02

P

Immed.

3/14/07

Common Stock

771,026

$50.00

99,359

(I)

(7)

Warrants

$7.02

3/14/02

P

Immed.

3/14/07

Common Stock

249,555

–

(I)

(1),(11),(17),(19),(20)

Warrants

$7.02

3/14/02

P

Immed.

3/14/07

Common Stock

132,883

–

(I)

(3),(12),(17),(19),(20)

Warrants

$7.02

3/14/02

P

Immed.

3/14/07

Common Stock

7,308

–

(I)

(4),(12),(17),(19),(20)

Warrants

$7.02

3/14/02

P

Immed.

3/14/07

Common Stock

193,005

–

(I)

(7),(13), (14),(19), (20)

Warrants

$4.80

Immed.

11/26/06

Common Stock

93,860

–

(I)

(8),(15),(16),(19),(20)

Warrants

$4.80

Immed.

11/26/06

Common Stock

41,761

–

(I)

(9),(16),(19),(20)

Warrants

$16.00

Immed.

6/22/05

Common Stock

1,069

–

(I)

(8),(15), (16),(19),(20)

Warrants

$16.00

Immed.

6/22/05

Common Stock

422

–

(I)

(9),(16),(19),(20)

Warrants

$16.00

Immed.

6/22/05

Common Stock

15,583

–

(I)

(10), (19),(20)

Warrants

$16.00

Immed.

6/22/05

Common Stock

14,351

–

(I)

(6),(19), (20)

Explanation of Responses:

(1) These securities are held directly by DLJ Merchant Banking Partners, L.P. (“DLJMBP”), which is a partnership.

(2) These securities are held directly by DLJ Merchant Banking Funding, Inc. (“DLJMBF”), which is a wholly-owned subsidiary of Credit Suisse First Boston Private Equity, Inc. (“CSFBPE”).

(3) These securities are held directly by DLJ International Partners, C.V. (“DLJIP”), which is a partnership.

(4) These securities are held directly by DLJ Offshore Partners, C.V. (“DLJOP”), which is a partnership.

(5) These securities are held by DLJ First ESC L.P. (“ESC”), which is a partnership.

(6) These securities are held by DLJIP II Holdings, L.P., previously held by DLJ ESC II L.P. (“ESC II”), which is a partnership.

(7) These securities are held by Donaldson, Lufkin & Jenrette Securities Corporation (“DLJSC”), which is a wholly owned subsidiary of Credit Suisse First Boston (USA) Inc., as nominee for CSFBPE, EMA 2001 Plan, L.P. (“EMA"), Docklands 2001 Plan , L.P. (“Docklands”), Paradeplatz 2001 Plan, L.P. (“Paradeplatz”) and CSFB 2001 Investors, L.P. (“CSFB 2001"). EMA, Docklands, Paradeplatz and CSFB 2001 are each partnerships.

(8) These securities are held by DLJ Investment Partners II, L.P. (“DLJIP II”), which is a partnership.

(9) These securities are held by DLJ Investment Partners, L.P. (“DLJIP”), which is a partnership.

(10) These securities are held by DLJIP II Holdings, L.P., previously held by DLJ Investment Funding II, Inc. (“DLJIF”), which is a wholly-owned subsidiary of CSFBPE.

(11) DLJ Merchant Banking, Inc. (“DLJMB”) and DLJ Merchant Banking, L.P. (“DLJMBLP”), which is a partnership, are the general partners of DLJMBP.

(12) DLJMB is the general partner of DLJMBLP, DLJIP and DLJOP.

(13) DLJ LBO Plans Management Corporation III, which is a wholly-owned subsidiary of CSFBPE, is the associate general partner of ESC, EMA and Docklands.

(14) DLJ LBO Plans Management Corporation, which is a wholly-owned subsidiary of CSFBPE, is the general partner of ESC, ESC II, EMA, Docklands and CSFB 2001. CSFB Bermuda Ltd., which is a wholly owned subsidiary of CSFBPE, is the general partner of Paradeplatz.

(15) DLJ Investment Associates II, L.P. (“DLJIA II”), which is a partnership, is the general partner of DLJIP and DLJIP II.

(16) DLJ Investment Partners II, Inc. (“DLJIP II Inc.”) which is a wholly-owned subsidiary of CSFBPE, is the general partner of DLJIA II.

(17) DLJMB is a wholly-owned subsidiary of CSFBPE.

(18) DLJMB is the general partner of DLJMBLP.

(19) Credit Suisse First Boston (USA) Inc., a Delaware corporation formerly named Donaldson, Lufkin & Jenrette, Inc., is the parent of CSFBPE.

(20) In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998), this Form 4 is being filed by Credit Suisse First Boston (the “Bank”), a Swiss bank, on behalf of itself and its subsidiaries, to the extent that they constitute part of the investment banking business (the “Reporting Person”) of the Credit Suisse First Boston business unit (the “CSFB business unit”). The CSFB business unit is also comprised of an asset management business (“Asset Management”). The Reporting Person provides financial advisory and capital raising services, sales and trading for users and suppliers of capital around the world and invests in and manages private equity and venture capital funds. Asset Management provides asset management and investment advisory services to institutional, mutual fund and private investors worldwide. The address of the Bank’s principal business and office is Uetlibergstrasse 231, P.O. Box 900, CH 8070 Zurich, Switzerland. The address of the Reporting Person’s principal business and office in the United States is Eleven Madison Avenue, New York, New York 10010.

The ultimate parent company of the Bank is Credit Suisse Group (“CSG”), a corporation formed under the laws of Switzerland. CSG is a global financial services company with two distinct business units. In addition to the CSFB business unit, CSG and its consolidated subsidiaries are comprised of the Credit Suisse Financial Services business unit. CSG’s business address is Paradeplatz 8, P.O. Box 1, CH 8070 Zurich, Switzerland.

CSG, for purposes of the federal securities laws, may be deemed ultimately to control the Bank and the Reporting Person. CSG, its executive officers and directors, and its direct and indirect subsidiaries (including Asset Management and the Credit Suisse Financial Services business unit) may beneficially own shares of the securities of the issuer to which this schedule relates (the “Shares”) and such Shares are not reported in this statement. CSG disclaims beneficial ownership of Shares beneficially owned by its direct and indirect subsidiaries, including the Reporting Person. The Reporting Person disclaims beneficial ownership of Shares beneficially owned by CSG, Asset Management an the Credit Suisse Financial Services business unit.

(21) Received pursuant to a stock dividend paid on MSV’s outstanding Preferred Stock.

Credit Suisse First Boston, on behalf of the investment banking business of the Credit Suisse First Boston business unit
/s/ Ivy B. Dodes	March 31, 2003
** Signature of Reporting Person	Date
Ivy B. Dodes
Managing Director

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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