Filed Pursuant to Rule 424(b)(3)
Registration No. 333-132041

A filing fee of $15,350, based on a $500,000,000 maximum aggregate offering price,

calculated in accordance with Rule 457(r), has been transmitted

to the SEC in connection with the debt securities offered by means of this pricing supplement and the

accompanying prospectus and prospectus supplement from Registration Statement No. 333-132041.

This paragraph shall be deemed to update the “Calculation of Registration Fee”

table in that Registration Statement.

 

PRICING SUPPLEMENT NO. 1 Dated December 10, 2007

To Prospectus Dated June 18, 2007 and

Prospectus Supplement Dated June 18, 2007

 

 

$500,000,000

3M COMPANY

Medium-Term Notes, Series E

 

4.65% Notes Due 2012

 

 

 

Type of Note:		Fixed Rate
Principal Amount:		$500,000,000
Price to Public:		99.925%
Proceeds to Company:		99.725% ($498,625,000)
Interest Rate:		4.65% per annum
Original Issue Date:		December 14, 2007
Maturity Date:		December 15, 2012
Interest Payment Dates:		June 15 and December 15 of each year, commencing June 15, 2008
Redemption:		Not redeemable
Day Count Convention:		30/360
Form:		DTC, Book-Entry
CUSIP No.:		88579EAD7
Underwriter:		Goldman, Sachs & Co.
Additional Information:
Selling Concession:		0.10%
Reallowance:		0.05%

 

The Issuer expects to deliver the Notes on or about December 14, 2007. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle within three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, if an investor wishes to trade the Notes on any day prior to the third business day before the date of delivery of the Notes, the investor and its counterparty will be required, by virtue of the fact that the Notes initially will settle on a delayed basis, to agree to a delayed settlement cycle at the time of any such trade to prevent a failed settlement.