Ms Bhutto - the first woman PM in an Islamic state - was leaving an election rally in Rawalpindi when a gunman shot her in the neck and set off a bomb.
At least 20 other people died in the attack and several more were injured.
President Pervez Musharraf has urged people to remain calm but angry protests have gripped some cities, with at least 11 deaths reported.
Security forces have been placed on a state of "red alert" nationwide.
There were no immediate claims of responsibility for the attack. Analysts believe Islamist militants to be the most likely group behind it.*sighs* it's just so sad.
Anyway, Mr Frankie and I wish all of you Happy New Year and he is to a better year.