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 *
  McLoughlin Thomas G
 2. Date of Event Requiring Statement (Month/Day/Year)
02/04/2005		 3. Issuer Name and Ticker or Trading Symbol
MBIA INC [MBI]
(Last)
(First)
(Middle)
C/O MBIA, 113 KING STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Member, Exec. Policy Committee
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ARMONK, NY 10504		 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 750 (1)
D
 
Common Stock 2,060.92 (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
Employee Stock Options (right to buy) 12/04/2001 12/04/2006 Common Stock 1,020 $ 33.959 D  
Employee Stock Options (right to buy) 12/11/2002 12/11/2007 Common Stock 1,020 $ 42.792 D  
Employee Stock Options (right to buy) 12/09/2003 12/09/2008 Common Stock 2,970 $ 42.5 D  
Employee Stock Options (right to buy) 12/09/2004 12/09/2009 Common Stock 5,505 $ 32.542 D  
Employee Stock Options (right to buy)   (3) 12/12/2010 Common Stock 4,140 $ 48.583 D  
Employee Stock Options (right to buy) 12/12/2005 12/12/2010 Common Stock 7,500 $ 48.583 D  
Employee Stock Options (right to buy) 07/31/2006 07/31/2011 Common Stock 10,000 $ 56.16 D  
Employee Stock Options (right to buy)   (4) 02/07/2012 Common Stock 4,000 $ 52.81 D  
Employee Stock Options (right to buy) 10/07/2007 10/07/2012 Common Stock 5,000 $ 36.72 D  
Employee Stock Option (right to buy)   (5) 02/12/2013 Common Stock 3,500 $ 36.69 D  
Employee Stock Options (right to buy)   (6) 02/10/2014 Common Stock 4,000 $ 64.84 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McLoughlin Thomas G
C/O MBIA
113 KING STREET
ARMONK, NY 10504		       Member, Exec. Policy Committee  

Signatures

/s/Leonard I. Chubinsky, Attorney-in-Fact 02/14/2005
**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) Restricted Stock granted under 16(b)-3 exemption. Vests on 2/10/08 (fourth anniversary of date of grant).
(2) Reporting Person's share balance in the MBIA Employees' 401(k) Plan.
(3) Vests 40% on second anniversary of date of grant and 20% on each anniversary thereafter. Date of grant is 12/12/2000.
(4) Vests 40% on second anniversary of date of grant and 20% on each anniversary thereafter. Date of grant is 2/07/2002.
(5) Vests 40% on second anniversary of date of grant and 20% on each anniversary thereafter. Date of grant is 2/12/2003.
(6) Vests 25% annually beginning on the first anniversary of the date of grant. Date of grant is 2/10/2004.

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