FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Vickery Suzanne E
2. Date of Event Requiring Statement (Month/Day/Year)
01/18/2005
3. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [PAYX]
(Last)
(First)
(Middle)
911 PANORAMA TRAIL S.
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, Central US Sales
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ROCHESTER, NY 14625
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 16,498 (1)
I
401(k) balance
Common Stock 8,509.894 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option 10/05/1997 10/05/2005 Common Stock 9,113 $ 5.9753 D  
Stock Option 10/03/1998 10/03/2006 Common Stock 4,557 $ 12.0494 D  
Stock Option 10/02/1999 10/02/2007 Common Stock 20,250 $ 11.6297 D  
Stock Option 07/09/2000 07/09/2008 Common Stock 13,500 $ 19 D  
Stock Option 07/08/2001 07/08/2009 Common Stock 9,000 $ 21.4583 D  
Stock Option 07/13/2002 07/13/2010 Common Stock 9,000 $ 42.688 D  
Stock Option 07/12/2003 07/12/2011 Common Stock 9,000 $ 40.86 D  
Stock Option 07/11/2004 07/11/2012 Common Stock 7,500 $ 28.14 D  
Stock Option 07/10/2005 07/10/2013 Common Stock 12,000 $ 29.55 D  
Stock Option 07/08/2006 07/08/2014 Common Stock 12,000 $ 31.79 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Vickery Suzanne E
911 PANORAMA TRAIL S.
ROCHESTER, NY 14625
      VP, Central US Sales  

Signatures

Elizabeth Suzanne Vickery 01/20/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 401(k) balance as of 1/14/2005
(2) ESPP balance as of 1/10/2005

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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