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<SEC-DOCUMENT>0001130319-04-000703.txt : 20041029
<SEC-HEADER>0001130319-04-000703.hdr.sgml : 20041029
<ACCEPTANCE-DATETIME>20041029123430
ACCESSION NUMBER:		0001130319-04-000703
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041029
FILED AS OF DATE:		20041029
DATE AS OF CHANGE:		20041029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMECO CORP
		CENTRAL INDEX KEY:			0001009001
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				980113090
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14228
		FILM NUMBER:		041105163

	BUSINESS ADDRESS:	
		STREET 1:		2121 11TH ST W
		CITY:			SASKATOON
		STATE:			A9
		ZIP:			S7M 1J3
		BUSINESS PHONE:		3069566200

	MAIL ADDRESS:	
		STREET 1:		2121 11TH ST W.
		CITY:			SASKATOON
		STATE:			A9
		ZIP:			S7M 1J3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>o14476e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549</B>

<P align="center" style="font-size: 18pt"><B>FORM 6-K</B>

<P align="center" style="font-size: 10pt"><B>Report of Foreign
Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 Under<BR>
the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt">For the month of October, 2004

<P align="center" style="font-size: 10pt">(Commission File No.
1-14228)

<CENTER>
<P align="center" style="font-size: 24pt"><B>Cameco Corporation</B>
<HR align="center" size="1" width="45%" noshade>
<DIV align="center" style="font-size: 10pt"><I>(Translation of Registrant&#146;s Name Into English)</I>
</DIV>

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

<P align="center" style="font-size: 10pt"><B>2121 &#150; 11th Street West<BR>
Saskatoon, Saskatchewan, Canada S7M 1J3</B><BR>
<HR align="center" size="1" width="45%" noshade>
<DIV align="center" style="font-size: 10pt"><I>(Address of Principal Executive Offices)</I>
</DIV>
</CENTER>

<P style="font-size: 10pt">Indicate by check mark whether the registrant files or will file annual
reports under cover Form&nbsp;20-F or Form&nbsp;40-F.

<P>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="40%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">Form 20-F <FONT face="Wingdings">&nbsp;&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Form 40-F<FONT face="Wingdings">&nbsp;&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P style="font-size: 10pt">Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act
of 1934.

<P>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="40%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
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<TR valign="bottom">
    <TD align="left" valign="top">Yes <FONT face="Wingdings">&nbsp;&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">No <FONT face="Wingdings">&nbsp;&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P style="font-size: 10pt">If &#147;Yes&#148; is marked, indicate below the file number assigned to the
registrant in connection with Rule&nbsp;12g3-2(b): 82- <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.

<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">

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

</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- TOC -->
<A name="toc"><DIV align="CENTER"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">MATERIAL CHANGE REPORT</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
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        <TD width="5%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
        <TD nowrap align="center"><B>Exhibit No.</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center"><B>Description</B></TD>
        <TD>&nbsp;</TD>
        <TD nowrap align="center"><B>Page No.</B></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
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<!-- Begin Table Body -->
<TR valign="bottom">
        <TD valign="top" align="center">1.</TD>
        <TD>&nbsp;</TD>
        <TD align="left" valign="top">Material Change dated October 29, 2004 </TD>
        <TD>&nbsp;</TD>
        <TD align="center">4 - 5</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">2

</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- TOC -->
<!-- /TOC -->

<!-- link1 "SIGNATURE" -->
<DIV align="left"><A NAME="001"></A></DIV>

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

<P align="left" style="font-size: 10pt">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, thereunto duly authorized.

<P>
<CENTER>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="46%">&nbsp;</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top">Date: October 29, 2004</TD>
        <TD>&nbsp;</TD>
        <TD colspan="3" align="left" valign="top"><B>Cameco
Corporation</B></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="left" valign="top">By:</TD>
        <TD>&nbsp;</TD>
        <TD align="left" valign="top">/s/ <I>&#147;Gary M.S.
Chad&#148;</I>
<HR size="1" align="left" width="60%" noshade>
Gary M.S. Chad<BR>
Senior Vice-President, Governance,<BR>Legal and
Regulatory Affairs, and<BR>Corporate&nbsp;Secretary</TD>
</TR>
</TABLE>
</CENTER>

<P align="center" style="font-size: 10pt">3

</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
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<P align="center" style="font-size: 10pt"><B>FORM 51-102F3<BR>
MATERIAL CHANGE REPORT</B>



<P align="left" style="font-size: 10pt"><B>Item&nbsp;1 &#150; Name and Address of Company</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation (&#147;Cameco&#148;)<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2121 &#150; 11th Street West, Saskatoon, Saskatchewan S7M 1J3


<P align="left" style="font-size: 10pt"><B>Item&nbsp;2 &#150; Date of Material Change</B>


<P align="left" style="font-size: 10pt">October&nbsp;25, 2004



<P align="left" style="font-size: 10pt"><B>Item&nbsp;3 &#150; News Release</B>


<P align="left" style="font-size: 10pt">The English version and the French translation version of the press release
relating to this material change were distributed and filed by Canadian
Corporate News through their Canadian Timely Disclosure Pack and U.S. Timely
Disclosure Pack on October&nbsp;25, 2004



<P align="left" style="font-size: 10pt"><B>Item&nbsp;4 &#150; Summary of Material Change</B>


<P align="left" style="font-size: 10pt">On December&nbsp;17, 2004, Cameco will redeem its $125&nbsp;million (US)&nbsp;preferred
securities that are currently trading on the New York Stock Exchange. Cameco
plans to use short term debt to fund the redemption. In the fourth quarter of
2004, Cameco will recognize the unamortized portion of the preferred
securities&#146; issue costs in earnings, resulting in a charge of $4&nbsp;million (CDN)
to net earnings.



<P align="left" style="font-size: 10pt"><B>Item&nbsp;5 &#150; Full Description of Material Change</B>


<P align="left" style="font-size: 10pt">Cameco announced that it plans to redeem its 8.75% preferred securities that
are trading on the New York Stock Exchange under the symbol CCJPR. The $125
million (US)&nbsp;of preferred securities due in 2047 were issued under a trust
indenture between Cameco and JP Morgan Chase Bank dated October&nbsp;14, 1998.


<P align="left" style="font-size: 10pt">Cameco will redeem in full the preferred securities on December&nbsp;17, 2004 and
the securities will no longer trade on the stock exchange. Principal of $25
(US)&nbsp;per unit plus accrued and unpaid interest will be paid on that date. A
notice of redemption will be issued pursuant to the terms of the indenture.
Cameco plans to use short-term debt to fund the redemption.


<P align="left" style="font-size: 10pt">In the fourth quarter of 2004, Cameco will recognize the unamortized portion of
the preferred securities&#146; issue costs in earnings, resulting in a charge of $4
million (CDN)&nbsp;to net earnings.



<P align="left" style="font-size: 10pt"><B>Item&nbsp;6 &#150; Reliance on subsection 7.1(2) or (3)&nbsp;of National Instrument 51-102.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7 &#150; Omitted Information</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;8 &#150; Executive Officer</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gary M.S. Chad<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice-President, Governance, Legal and Regulatory Affairs, and Corporate Secretary<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(306)&nbsp;956-6303


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9 &#150; Date of Report</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October&nbsp;29, 2004



<P align="center" style="font-size: 10pt">5
</DIV>

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</DOCUMENT>
</SEC-DOCUMENT>
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