UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934

For the month of May, 2005

(Commission file No. 1-14228)

Cameco Corporation

2121 – 11^th Street West
Saskatoon, Saskatchewan, Canada S7M 1J3

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

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 12g3-2(b) under the Securities Exchange Act of 1934.

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):                     

 

EXHIBIT INDEX

SIGNATURE

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.

Date: May 5, 2005	Cameco Corporation
	By:	/s/ “Gary M.S. Chad”
		Gary M.S. Chad
		Senior Vice-President, Governance, Legal and Regulatory Affairs, and Corporate Secretary

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2121 – 11^th Street West, Saskatoon, Saskatchewan, S7M 1J3  Canada
Tel: (306) 956-6200 Fax: (306) 956-6201

Cameco Announces Second Quarter Dividend

Saskatoon, Saskatchewan, Canada, May 4, 2005   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .

Cameco Corporation announced today that its board of directors declared a quarterly dividend of $0.06 (Cdn) per share, payable on July 15, 2005 to shareholders of record on June 30, 2005.

Cameco, with its head office in Saskatoon, Saskatchewan, is the world’s largest uranium producer. The company’s uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco’s shares trade on the Toronto and New York stock exchanges.

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