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 *
  Rivers Christopher I.S.
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2009		 3. Issuer Name and Ticker or Trading Symbol
SMITH INTERNATIONAL INC [SII]
(Last)
(First)
(Middle)
P.O. BOX 60068		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CE0, M-I SWACO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77205-0068		 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 Sock 52,297
D
 
Common Stock 8,341 (5)
I
By 401(k) Plan

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 Option (right to buy) 12/05/2004 12/05/2010 Commom Stock 4,680 $ 15.38 D  
Employee Stock Option (right to buy)   (1) 12/04/2011 Common Stock 11,560 $ 11.75 D  
Employee Stock Option (right to buy)   (2) 12/03/2012 Common Stock 16,500 $ 17.36 D  
Employee Stock Option (right to buy)   (3) 12/02/2013 Common Stock 18,000 $ 19.41 D  
Employee Stock Option (right to buy)   (4) 12/07/2014 Common Stock 9,600 $ 28.13 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rivers Christopher I.S.
P.O. BOX 60068
HOUSTON, TX 77205-0068		       President & CE0, M-I SWACO  

Signatures

Christopher I.S. Rivers 01/12/2009
**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) The option is exercisable in two (2) equal installments on December 4, 2004 and December 4, 2005.
(2) The option is exercisable in three (3) equal installments on December 3, 2004, December 3, 2005 and December 3, 2006.
(3) The option is exercisable in four (4) equal installments on December 2, 2004, December 2, 2005 and December 2, 2006 and December 2, 2007.
(4) The option is exercisable in four (4) equal installments on December 7, 2005 and December 7, 2006 and December 7, 2007 and December 7, 2008.
(5) Based on a plan statement under Smith International's 401(k) Plan as of 12/31/2008

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