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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950135-06-007553.txt : 20061221
<SEC-HEADER>0000950135-06-007553.hdr.sgml : 20061221
<ACCEPTANCE-DATETIME>20061221074602
ACCESSION NUMBER:		0000950135-06-007553
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20061221
DATE AS OF CHANGE:		20061221

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLEXIBLE SOLUTIONS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0001069394
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS CHEMICAL PRODUCTS [2890]
		IRS NUMBER:				911922863
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-78201
		FILM NUMBER:		061291452

	BUSINESS ADDRESS:	
		STREET 1:		2614 QUEENSWOOD DR
		CITY:			VICTORIA B C V8N 1X5
		STATE:			A1
		BUSINESS PHONE:		2504779969

	MAIL ADDRESS:	
		STREET 1:		2614 QUEENSWOOD DR
		CITY:			VICTORIA BC CANADA
		STATE:			A1

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PICTET ASSET MANAGEMENT SA
		CENTRAL INDEX KEY:			0001361570
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		TOWER 42, LEVEL 37
		STREET 2:		25 OLD BROAD STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC2N 1HQ
		BUSINESS PHONE:		011 44 207 847 5040

	MAIL ADDRESS:	
		STREET 1:		TOWER 42, LEVEL 37
		STREET 2:		25 OLD BROAD STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC2N 1HQ
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>b63472fssc13g.txt
<DESCRIPTION>PICTET ASSET MANAGEMENT SA ("PAM SA")
<TEXT>
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                  FLEXIBLE SOLUTIONS INTERNATIONAL INCORPORATED
                                (Name of Issuer)

                                  COMMON STOCK
                         (Title of Class of Securities)

                                   33938T1043
                                 (CUSIP Number)

                                   12/01/2006
             (Date of Event Which Requires Filing of this Statement)

     Check appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ]  Rule 13d-1(b)

[X]  Rule 13d-1(c)

[ ]  Rule 13d-1(d)

<PAGE>

CUSIP No. 33938T1043                     13G                   Page 1 of 1 Pages


- --------------------------------------------------------------------------------
1    Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
     (Entities Only)

     Pictet Asset Management SA("PAM SA")

          The reporting person disclaim beneficial ownership of the shares
     reported, which are owned of record and beneficially by three non-U.S.
     investment funds, both managed by PAM SA.
- --------------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group                    (a) [ ]
                                                                         (b) [ ]
- --------------------------------------------------------------------------------
3    SEC Use Only
- --------------------------------------------------------------------------------
4    Citizenship or Place of Organization
     Pictet Asset Management SA - Switzerland
- --------------------------------------------------------------------------------
                    5    Sole Voting Power:
                         Pictet Asset Management SA:
                         1,236,400
      Number of     ------------------------------------------------------------
       Shares       6    Shared Voting Power:
    Beneficially         Pictet Asset Management SA: None
      Owned by      ------------------------------------------------------------
        Each        7    Sole Dispositive Power:
      Reporting          Pictet Asset Management SA:
     Person With         1,236,400
                    ------------------------------------------------------------
                    8    Shared Dispositive Power:
                         Pictet Asset Management SA: None
- --------------------------------------------------------------------------------
9    Aggregate Amount Beneficially Owned by Each Reporting Person
     Pictet Asset Management SA: 1,236,400
- --------------------------------------------------------------------------------
10   Check if the Aggregate Amount in Row (9) Excludes Certain Shares        [ ]
- --------------------------------------------------------------------------------
11   Percent of Class Represented by Amount in Row (9)
     Pictet Asset Management SA: 9.51%
- --------------------------------------------------------------------------------
12   Type of Reporting Person:
     Pictet Asset Management SA: IA
- --------------------------------------------------------------------------------

<PAGE>

Item 1.

     (a)  Name of Issuer: FLEXIBLE SOLUTIONS INTERNATIONAL INCORPORATED

     (b)  Address of Issuer's Principal Executive Offices:

          2614, QUEENSWOOD DRIVE
          VICTORIA, BC,
          V8N 1X5
          CANADA

Item 2.

     (a)  Names of Person Filing:

          Pictet Asset Management SA("PAM SA")

     (b)  Address of Principal Business Office or, if none, Residence:

          Pictet Asset Management SA:
          60 ROUTE DES ACACIAS
          GENEVA 73
          SWITZERLAND
          CH-12 11

     (c)  Citizenship:

          Pictet Asset Management SA: United Kingdom

     (d)  Title of Class Securities: COMMON STOCK

     (e)  CUSIP Number: 33938T1043

Item 3. If this statement is filed pursuant to Rule 13d-1 (b), or 13d-2 (b) or
(c), check whether the person is A

     Not applicable.

Item 4. Ownership

     The reporting persons disclaim beneficial ownership of the shares reported,
which are owned of record and beneficially by three non-U.S. investment funds,
both are managed by PAM SA.

     (a)  Amount Beneficially Owned:

          Pictet Asset Management SA: 1,236,400

     (b)  Percent of Class:

          Pictet Asset Management SA: 9.51%

     (c)  Number of shares as to which such person has:

          Pictet Asset Management SA:

<PAGE>

          (i)  sole power to vote or to direct the vote: 1,236,400

          (ii) shared power to vote or to direct the vote: None

          (iii) sole power to dispose or to direct the disposition of: 1,236,400

          (iv) shared power to dispose or to direct the disposition of: None

Item 5. Ownership of Five Percent or Less of a Class

     Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person

     Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company

     See answer to Item 2 (a)

Item 8. Identification and Classification of Members of the Group

     Not applicable.

Item 9. Notice of Dissolution of the Group

     Not applicable.

Item 10. Certification

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

<PAGE>

                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                        Date: 4TH DECEMBER 2006


                                        /s/ David Cawthrow
                                        ----------------------------------------
                                        David Cawthrow
                                        Chief Compliance Officer

                         AGREEMENT OF REPORTING PERSONS

     The undersigned herby agree that the foregoing Schedule 13G is filed on
behalf of the undersigned.

Pictet Asset Management SA


By: /s/ David Cawthrow
    ---------------------------------
    David Cawthrow,
    Chief Compliance Officer
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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