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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(Print or Type Responses)

1. Name and Address of Reporting Person * SCHRAM HENRY B   2. Issuer Name and Ticker or Trading Symbol CHUBB CORP [CB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President (Last) (First) (Middle) 15 MOUNTAIN VIEW ROAD, P.O. BOX 1615 3. Date of Earliest Transaction (Month/Day/Year) 03/03/2005 (Street) WARREN, NJ 070611615 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 03/03/2005   A   2,137 A $ 79.01 34,058 D   COMMON 03/03/2005   F   774 D $ 79.01 33,284 D   COMMON               3,780.55 I By ESOP

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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

PERFORMANCE SHARES

$ 0 (1)

03/03/2005

C

3,052.5

08/08/1988

03/31/2005

COMMON

3,052.5

$ 0

0

D

PERFORMANCE SHARES 2005 (2)

$ 0 (1)

03/03/2005

A

6,834

(2)

(2)

COMMON

6,834

$ 0

6,834

D

RESTRICTED STOCK UNIT 2005 (3)

$ 0 (1)

03/03/2005

A

1,139

(3)

(3)

COMMON

1,139

$ 0

1,139

D

PERFORMANCE SHARES 2004 (4)

$ 0 (1)

(4)

(4)

COMMON

7,612

7,612

D

RESTRICTED STOCK UNIT 2004 (5)

$ 0 (1)

(5)

(5)

COMMON

1,268

1,268

D

STOCK OPTION (6)

$ 41.03

06/09/1997

06/08/2005

COMMON

2,436

2,436

D

STOCK OPTION (6)

$ 79.16

09/12/2002

06/08/2005

COMMON

1,018

1,018

D

STOCK OPTION (6)

$ 48.75

03/01/1998

02/27/2006

COMMON

5,200

5,200

D

STOCK OPTION (6)

$ 48.75

08/06/1998

08/05/2006

COMMON

2,660

2,660

D

STOCK OPTION (6)

$ 60.75

03/06/1999

03/05/2007

COMMON

8,000

8,000

D

STOCK OPTION (6)

$ 78.97

03/05/2000

03/04/2008

COMMON

5,700

5,700

D

STOCK OPTION (6)

$ 59.78

03/11/2001

03/10/2009

COMMON

7,641

7,641

D

STOCK OPTION (6)

$ 47.97

03/02/2002

03/02/2010

COMMON

8,703

8,703

D

STOCK OPTION (6)

$ 70.85

03/01/2003

03/01/2011

COMMON

4,730

4,730

D

STOCK OPTION (6)

$ 73.68

03/07/2003

03/07/2012

COMMON

2,203

2,203

D

STOCK OPTION (6)

$ 73.68

03/07/2004

03/07/2012

COMMON

2,202

2,202

D

STOCK OPTION (6)

$ 46.05

03/06/2004

03/06/2013

COMMON

3,103

3,103

D

STOCK OPTION (6)

$ 46.05

03/06/2005

03/06/2013

COMMON

3,103

3,103

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SCHRAM HENRY B 15 MOUNTAIN VIEW ROAD P.O. BOX 1615 WARREN, NJ 070611615			Senior Vice President

Signatures

By: Patricia S. Tomczyk, POA		03/07/2005
**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)	Variable Pricing
(2)	Represents 200% of the target performance share award, which is the maximum number of shares issuable under this award for the performance cycle ending December 31, 2007.
(3)	Restricted Stock Units generally cliff vest on the third anniversary of the grant date.
(4)	Represents 200% of the target performance share award, which is the maximum number of shares issuable under this award for the performance cycle ending December 31, 2006.
(5)	Restricted Stock Units generally cliff vest on the third anniversary of the grant date.
(6)	All Stock Options are granted in tandem with tax withholding rights.

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