<SUBMISSION>
<ACCESSION-NUMBER>0000950129-04-004200
<TYPE>424B5
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20040621
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>WASTE MANAGEMENT INC
<CIK>0000823768
<ASSIGNED-SIC>4953
<IRS-NUMBER>731309529
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>424B5
<ACT>33
<FILE-NUMBER>333-97697
<FILM-NUMBER>04872519
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1001 FANNIN STREET
<STREET2>STE 4000
<CITY>HOUSTON
<STATE>TX
<ZIP>77002
<PHONE>7135126200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1001 FANNIN STREET
<STREET2>SUITE 4000
<CITY>HOUSTON
<STATE>TX
<ZIP>77002
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>USA WASTE SERVICES INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>h16246b5e424b5.htm
<DESCRIPTION>PROSPECTUS SUPPLEMENT - REG. NO. 333-97697
<TEXT>
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<TITLE>Waste Management, Inc.</TITLE>
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<P align="right" style="font-size: 10pt"><B>Filed Pursuant to Rule&nbsp;424(b)(5)<BR>
Registration Number 333-97697</B>



<P align="left" style="font-size: 10pt"><B><I>PROSPECTUS SUPPLEMENT<BR>
(To Prospectus dated November&nbsp;20, 2002)</I></B>


<P align="center" style="font-size: 10pt"><B>13,958 SHARES</B>



<P align="center" style="font-size: 10pt"><B>WASTE MANAGEMENT, INC.<BR>
COMMON STOCK</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed on the New York Stock Exchange under the
trading symbol &#147;WMI.&#148; On June&nbsp;18, 2004, the last reported sale price of the
common stock on the New York Stock Exchange was $29.44 per share.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are issuing the shares directly to warrant holders upon exercise by
such holders of currently outstanding warrants. The warrants, originally
issued in June&nbsp;1996, entitled the holders to purchase 700,000 shares of our
common stock at a purchase price of $29.00 per share. Pursuant to the terms of
the warrants, the holders exercised by net settlement, meaning we withheld the
number of shares necessary to pay the exercise price upon exercise as payment
for the shares. Therefore, we will not receive any proceeds from the sale of
the shares.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Investing in the common stock involves risks that are described in the
&#147;Risk Factors&#148; section beginning on page 4 of the prospectus dated November&nbsp;20,
2002.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>We expect to deliver the shares against payment therefor in Houston, Texas
on or about June&nbsp;24, 2004.</B>


<P align="center" style="font-size: 10pt">Prospectus Supplement dated June&nbsp;21, 2004




<P align="center" style="font-size: 10pt">
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