Ownership Submission
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, 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  NIELSEN-KINDLER LIZANNE
2. Date of Event Requiring Statement (Month/Day/Year)
03/05/2010
3. Issuer Name and Ticker or Trading Symbol
TALBOTS INC [TLB]
(Last)
(First)
(Middle)
C/O THE TALBOTS, INC., ONE TALBOTS DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Gen Merchandise Manager
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HINGHAM, MA 02043
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, par value $0.01 per share 77,218 (1)
D
 
Common Stock, par value $0.01 per share 520
I
By R.S.V.P. 401(k) (2)

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
Executive Stock Options (Right to Buy)   (3) 01/31/2018 Common Stock 15,000 $ 9.67 D  
Executive Stock Options (Right to Buy)   (4) 04/30/2019 Common Stock 65,000 $ 2.36 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NIELSEN-KINDLER LIZANNE
C/O THE TALBOTS, INC.
ONE TALBOTS DRIVE
HINGHAM, MA 02043
      EVP, Gen Merchandise Manager  

Signatures

/s/ Warren J. Casey, Attorney-in-Fact 03/12/2010
**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) Includes 65,000 shares of restricted stock which will vest as follows: 7,500 shares vesting on January 31, 2011; 7,500 shares vesting on January 31, 2012; 16,666 shares vesting on February 26, 2011; 16,667 shares vesting on February 26, 2012; and 16,667 shares vesting on February 26, 2013.
(2) Information presented as of March 3, 2010.
(3) Two-thirds of this option is currently vested and exercisable. The remaining one-third will vest on January 31, 2011.
(4) This option will vest in one-third increments on April 30, 2010, April 30, 2011 and April 30, 2012.

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