UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
CAMECO CORPORATION
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(NAME OF ISSUER)
COMMON SHARES
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(TITLE OF CLASS OF SECURITIES)
13321L108
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(CUSIP NUMBER)
APRIL 24, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
<PAGE>
SCHEDULE 13G
CUSIP No. 13321L108
1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS (entities only)
JARISLOWSKY, FRASER LIMITED
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(see instructions) (b) [ ]
3 SEC USE ONLY
4 CITZENSHIP OR PLACE OF ORGANIZATION
CANADA
NUMBER OF 5 SOLE VOTING POWER
SHARES 7,176,805
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 19,800
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 7,196,605
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,196,605
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.99%
12 TYPE OF REPORTING PERSON (See Instructions)
IA
<PAGE>
SCHEDULE 13G
This statement on Schedule 13G (this "Statement") is being filed by
Jarislowsky, Fraser Limited ("JFL") and relates to the Common Shares, (the
"Common Stock"), of Cameco Corporation (the "Issuer"). JFL is a registered
investment adviser and has discretionary authority with respect to the
investments of, and acts as agent for, its clients. The Common Stock
reported in this Statement as beneficially owned by JFL as of August 31,
2000 is held in JFL's client accounts and the filing of this Statement
shall not be construed as an admission that JFL (or any of its principals)
is, for purposes of Section 13 of the Exchange Act, the beneficial owner of
such securities.
ITEM 1(A). NAME OF ISSUER:
Cameco Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2121 - 11th Street West
Saskltown, Saskatchewan
Canada 57M 1J3
ITEM 2(A). NAME OF PERSON FILING:
Jarislowsky, Fraser Limited
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
1010 Sherbrooke St. West
Suite 2005
Montreal, Quebec
Canada H3A 2R7
ITEM 2(C). CITIZENSHIP:
Canada
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Shares
ITEM 2(E). CUSIP NUMBER:
13321L108
ITEM 3. THIS STATEMENT IS BEING FILED PURSUANT TO RULE 13(d)-1(b)
BECAUSE THE REPORTING PERSON FILING IS AS FOLLOWS:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance
with ss.240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with ss.240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with ss.240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings associations as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance withss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant toss.240.13d-1(c), check
this box [ ].
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: 7,196,605 shares
(b) Percent of class: 12.99%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
7,176,805
(ii) Shared power to vote or to direct the vote:
19,800
(iii) Sole power to dispose or direct the
disposition of:
7,176,605
(iv) Shared power to dispose or to direct the
disposition of: 0
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
Clients of JFL have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from
sale of, the Common Stock reported as beneficially owned by
JFL. No client of JFL beneficially owns more than five
percent of Issuers Common Stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITIES BEING REPORTED ON BY THE PARENT
HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF 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 acquired and are held in the ordinary course of
business and 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.
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.
Dated: September 14, 2000
Janislowsky, Fraser Limited
BY: /s/ Erin P. O'Brien
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Name: Erin P. O'Brien
Title: Assistant Treasurer & Partner