EXHIBIT D

PRICING SUPPLEMENT

Pricing Supplement Dated: August 4th, 2003

Rule 424(b)(2)

(To Prospectus Supplement Dated May 3, 2002 and Prospectus Dated April 12,2000)

File No. 333-33814

Pricing Supplement No. 0055

  

U.S. $ 500,000,000

MARSHALL & ILSLEY CORPORATION

MINOTESSM

DUE NINE MONTHS OR MORE FROM DATE OF ISSUE

Trade Date: 08/04/03

Issue Date: 08/07/03

Purchasing Agent: A.G. Edwards & Sons, Inc.

Agents: Robert W. Baird & Co., Merrill Lynch & Co., Prudential Securities, UBS PaineWebber Inc.

CUSIP

AGGREGATE
PRINCIPAL
AMOUNT

PRICE
TO
PUBLIC

CONCESSION

NET

PROCEEDS

TO ISSUER

SENIOR OR SUB-ORDINATED

INTEREST RATE

57183MCG3

3,251,000.00

100%

2.00%

3,185,980.00

Senior

5.00% to 8/15/08

5.50% to 8/15/13
           

6.50% to 8/15/18
             
             

INTEREST PAYMENT FREQUENCY

FIRST

COUPON

DATE

MATURITY

DATE

SURVIVOR'S OPTION

REDEMPTION OR REPAYMENT

YES/NO

REDEMPTION/ REPAYMENT TERMS

Semi-Annual

2/15/04

8/15/18

Yes

Yes

Redemption Dates:
         

8/15/06 and semi-annually
         

Thereafter on each

         

Interest payment date
           

Other Terms: Marshall & Ilsley Corporation MiNotes will be subject to redemption at the option of Marshall & Ilsley Corporation, at Par on the Interest Payment Date(s) occurring on or after 8/15/06 at a redemption price equal to 100% of the principal amount of the Marshall & Ilsley MiNotes, plus any accrued interest thereon, if any, upon at least 30 days prior notice to DTC, as the holder of the notes, as described in the Prospectus Supplement

On June 19, 2003, Merrill Lynch, Pierce, Fenner & Smith Incorporated was appointed as agent.

02904.0004 #410922