Does std::list::remove method call destructor of each removed element?

Yes, removing a Foo* from a container destroys the Foo*, but it will not release the Foo. Destroying a raw pointer is always a no-op. It cannot be any other way! Let me give you several reasons why.

Storage class

Deleting a pointer only makes sense if the pointee was actually allocated dynamically, but how could the runtime possibly know whether that is the case when the pointer variable is destroyed? Pointers can also point to static and automatic variables, and deleting one of those yields undefined behavior.

{
    Foo x;
    Foo* p = &x;

    Foo* q = new Foo;

    // Has *q been allocated dynamically?
    // (The answer is YES, but the runtime doesn't know that.)

    // Has *p been allocated dynamically?
    // (The answer is NO, but the runtime doesn't know that.)
}

Dangling pointers

There is no way to figure out whether the pointee has already been released in the past. Deleting the same pointer twice yields undefined behavior. (It becomes a dangling pointer after the first delete.)

{
    Foo* p = new Foo;

    Foo* q = p;

    // Has *q already been released?
    // (The answer is NO, but the runtime doesn't know that.)

    // (...suppose that pointees WOULD be automatically released...)

    // Has *p already been released?
    // (The answer WOULD now be YES, but the runtime doesn't know that.)
}

Uninitialized pointers

It is also impossible to detect whether a pointer variable has been initialized at all. Guess what happens when you try to delete such a pointer? Once again, the answer is undefined behavior.

    {
        Foo* p;

        // Has p been properly initialized?
        // (The answer is NO, but the runtime doesn't know that.)
    }

Dynamic arrays

The type system does not distinguish between a pointer to a single object (Foo*) and a pointer to the first element of an array of objects (also Foo*). When a pointer variable is destroyed, the runtime cannot possibly figure out whether to release the pointee via delete or via delete[]. Releasing via the wrong form invokes undefined behavior.

{
    Foo* p = new Foo;

    Foo* q = new Foo[100];

    // What should I do, delete q or delete[] q?
    // (The answer is delete[] q, but the runtime doesn't know that.)

    // What should I do, delete p or delete[] p?
    // (The answer is delete p, but the runtime doesn't know that.)
}

Summary

Since the runtime cannot do anything sensible with the pointee, destroying a pointer variable is always a no-op. Doing nothing is definitely better than causing undefined behavior due to an uninformed guess :-)

Advice

Instead of raw pointers, consider using smart pointers as the value type of your container, because they take responsibility for releasing the pointee when it is no longer needed. Depending on your need, use std::shared_ptr<Foo> or std::unique_ptr<Foo> . If your compiler does not support C++0x yet, use boost::shared_ptr<Foo>.

Never, I repeat, NEVER EVER use std::auto_ptr<Foo> as the value type of a container.

It calls the destructor of each of the items in the list -- but that's not a Node object. Its a Node*.

So it doesnt delete the Node pointers.

Does that make sense?

It does call the destructor of the data in the list. That means, std::list<T>::remove will call the destructor of T (which is necessary when T is something like std::vector).

In your case, it would call the destructor of Node*, which is a no-op. It doesn't call the destructor of node.