<SUBMISSION>
<ACCESSION-NUMBER>0000927016-03-000318
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030130
<ITEMS>7
<ITEMS>9
<FILING-DATE>20030130
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>WATERS CORP /DE/
<CIK>0001000697
<ASSIGNED-SIC>3826
<IRS-NUMBER>133668640
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-14010
<FILM-NUMBER>03531206
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>34 MAPLE ST
<CITY>MILFORD
<STATE>MA
<ZIP>01757
<PHONE>5084782000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>34 MAPLE STREET
<CITY>MILFORD
<STATE>MA
<ZIP>01757
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>WCD INVESTORS INC /DE/
<DATE-CHANGED>19960605
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of report (Date of earliest event reported) January 30, 2003

                               Waters Corporation
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
                 (State or Other Jurisdiction of Incorporation)

        01-14010                                          13-3668640
(Commission File Number)                       (IRS Employer Identification No.)

34 Maple Street, Milford, Massachusetts                     01757
(Address of Principal Executive Offices)                  (Zip Code)

                                 (508) 478-2000
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)


<PAGE>

Item 7.  Financial Statements and Exhibits

(c) Exhibits

         Exhibit 99.1    Unaudited Service Cost Reclass by Quarter for
                         2002 and 2001

Item 9.  Regulation FD Disclosure

     The purpose of this Form 8-K is to provide information regarding a
     reclassification of service costs associated with revenue generating
     activities from selling, general and administrative expenses to cost of
     sales in the Company's Consolidated Statement of Operations for the years
     ended December 31, 2002, 2001 and 2000. The attached Exhibit 99.1 includes
     the unaudited reclassification by quarter for 2002 and 2001.

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                     WATERS CORPORATION



Dated: January 30, 2003                        By: /s/ John Ornell
                                               --------------------------------
                                        Name:  John Ornell
                                        Title: Senior Vice President,
                                               Finance and Administration
                                               and Chief Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex991.txt
<DESCRIPTION>UNAUDITED SERVICE COST RECLASS
<TEXT>
<PAGE>
                                                                    Exhibit 99.1

Waters Corporation
Unaudited Service Cost Reclass by Quarter for 2002 and 2001

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Before Service                           2002                                              2001                            2000
Reclass               Q1        Q2        Q3        Q4     Full Year    Q1        Q2        Q3         Q4     Full Year  Full Year
                      --        --        --        --     ---------    --        --        --         --     ---------  ---------
<S>                <C>       <C>       <C>       <C>        <C>       <C>       <C>       <C>       <C>        <C>         <C>
Sales              200,341   217,192   216,045   256,389    889,967   201,032   206,803   202,694   248,679    859,208    795,071
COS                 71,432    75,980    74,909    92,713    315,034    73,298    75,545    73,120    89,269    311,232    288,264
                   -------   -------   -------   -------    -------   -------   -------   -------   -------    -------    -------
Margin             128,909   141,212   141,136   163,676    574,933   127,734   131,258   129,574   159,410    547,976    506,807
   margin %           64.3%     65.0%     65.3%     63.8%      64.6%     63.5%     63.5%     63.9%     64.1%      63.8%      63.7%

SG&A                68,918    80,041    77,682    78,609    305,250    65,907    67,169    66,913    69,717    269,706    246,390
   % of sales         34.4%     36.9%     36.0%     30.7%      34.3%     32.8%     32.5%     33.0%     28.0%      31.4%      31.0%
-----------------------------------------------------------------------------------------------------------------------------------

Service reclass     13,202    14,620    14,923    15,689     58,434    12,057    12,592    12,718    13,332     50,699     42,681

------------------------------------------------------------------------------------------------------------------------------------
After Service                            2002                                              2001                            2000
Reclass               Q1        Q2        Q3        Q4     Full Year    Q1        Q2        Q3         Q4     Full Year  Full Year
                      --        --        --        --     ---------    --        --        --         --     ---------  ---------
Sales              200,341   217,192   216,045   256,389    889,967   201,032   206,803   202,694   248,679    859,208    795,071
COS                 84,634    90,600    89,832   108,402    373,468    85,355    88,137    85,838   102,601    361,931    330,945
                   -------   -------   -------   -------    -------   -------   -------   -------   -------    -------    -------
Margin             115,707   126,592   126,213   147,987    516,499   115,677   118,666   116,856   146,078    497,277    464,126
   margin %           57.8%     58.3%     58.4%     57.7%      58.0%     57.5%     57.4%     57.7%     58.7%      57.9%      58.4%

SG&A                55,716    65,421    62,759    62,920    246,816    53,850    54,577    54,195    56,385    219,007    203,709
   % of sales         27.8%     30.1%     29.0%     24.5%      27.7%     26.8%     26.4%     26.7%     22.7%      25.5%      25.6%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


</TEXT>
</DOCUMENT>
</SUBMISSION>
