FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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

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1. Name and Address of Reporting Person * DERING JEANNE   2. Issuer Name and Ticker or Trading Symbol MOODYS CORP /DE/ [MCO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive VP (Last) (First) (Middle) 99 CHURCH STREET 3. Date of Earliest Transaction (Month/Day/Year) 11/09/2005 (Street) NEW YORK, NY 10007 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/09/2005   M   16,892 A $ 9.8477 33,897 D   Common Stock 11/09/2005   M   13,992 A $ 10.7359 47,889 D   Common Stock 11/09/2005   M   16,420 A $ 12.8864 64,309 D   Common Stock 11/09/2005   M   20,280 A $ 10.9916 84,589 D   Common Stock 11/09/2005   M   22,460 A $ 10.7092 107,049 D   Common Stock 11/09/2005   S   4,600 D $ 54.34 102,449 D   Common Stock 11/09/2005   S   9,200 D $ 54.37 93,249 D   Common Stock 11/09/2005   S   100 D $ 54.38 93,149 D   Common Stock 11/09/2005   S   3,280 D $ 54.39 89,869 D   Common Stock 11/09/2005   S   12,100 D $ 54.4 77,769 D   Common Stock 11/09/2005   S   900 D $ 54.41 76,869 D   Common Stock 11/09/2005   S   820 D $ 54.43 76,049 D   Common Stock 11/09/2005   S   700 D $ 54.44 75,349 D   Common Stock 11/09/2005   S   10,600 D $ 54.45 64,749 D   Common Stock 11/09/2005   S   6,892 D $ 54.46 57,857 D   Common Stock 11/09/2005   S   500 D $ 54.47 57,357 D   Common Stock 11/09/2005   S   600 D $ 54.48 56,757 D   Common Stock 11/09/2005   S   2,800 D $ 54.5 53,957 D   Common Stock 11/09/2005   S   100 D $ 54.51 53,857 D   Common Stock 11/09/2005   S   192 D $ 54.52 53,665 D   Common Stock 11/09/2005   S   300 D $ 54.53 53,365 D   Common Stock 11/09/2005   S   500 D $ 54.54 52,865 D   Common Stock 11/09/2005   S   200 D $ 54.55 52,665 D   Common Stock 11/09/2005   S   200 D $ 54.56 52,465 D   Common Stock 11/09/2005   S   100 D $ 54.57 52,365 D   Common Stock 11/09/2005   S   500 D $ 54.58 51,865 D   Common Stock 11/09/2005   S   5,200 D $ 54.59 46,665 D   Common Stock 11/09/2005   S   3,900 D $ 54.6 42,765 D   Common Stock 11/09/2005   S   500 D $ 54.61 42,265 D   Common Stock 11/09/2005   S   12,700 D $ 54.63 29,565 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

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

4. Transaction Code (Instr. 8)

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

6. Date Exercisable and Expiration Date (Month/Day/Year)

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

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 9.8477

11/09/2005

M

16,892

07/16/1998(1)

07/15/2007

Common Stock

16,892

$ 0

0

D

Employee Stock Option (right to buy)

$ 10.7359

11/09/2005

M

13,992

12/22/1998(1)

12/22/2007

Common Stock

13,992

$ 0

0

D

Employee Stock Option (right to buy)

$ 12.8864

11/09/2005

M

16,420

07/01/1999(1)

07/01/2008

Common Stock

16,420

$ 0

0

D

Employee Stock Option (right to buy)

$ 10.9916

11/09/2005

M

20,280

12/21/2000(1)

12/21/2009

Common Stock

20,280

$ 0

0

D

Employee Stock Option (right to buy)

$ 10.7092

11/09/2005

M

22,460

01/19/2001(1)

01/19/2010

Common Stock

22,460

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DERING JEANNE 99 CHURCH STREET NEW YORK, NY 10007			Executive VP

Signatures

John J. Goggins, by power of attorney for Jeanne Dering		11/14/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	One fourth of the options vested each year beginning with the date indicated.
Remarks: Form 1 of 2 Form 4s filed on 11/14/05 reporting transactions on 11/9/05.

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