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        to the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.</font></div>
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              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FOSTER
                WHEELER LTD.</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
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            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DATE:
                November 9, 2005 </font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Lisa
                Fries Gardner</font></td>
            </tr>
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                Fries Gardner</font></td>
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              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
                President and Secretary</font></td>
            </tr>

        </table>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
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{"company-data": {"conformed-name": "FOSTER WHEELER LTD", "cik": "0001130385", "assigned-sic": "1600", "irs-number": "223802649", "state-of-incorporation": "D0", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31305", "film-number": "051198847"}, "business-address": {"street1": "PERRYVILLE CORPORATE PARK", "street2": "SERVICE ROAD EST 173", "city": "CLINTON", "state": "NJ", "zip": "08809", "phone": "9087304270"}}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
Form
        8-K
CURRENT
        REPORT
Pursuant
        to Section 13 or 15(d) of the Securities Exchange Act of
        1934
Date
        of Report (Date of earliest event reported): November 8,
        2005
FOSTER
        WHEELER LTD.
(Exact
        Name of Registrant as Specified in Its Charter)
Bermuda
001-31305
22-3802649
(State
                  or Other Jurisdiction of Incorporation)
(Commission
                  File Number)
(IRS
                  Employer Identification
                  No.)
Perryville
                  Corporate Park, Clinton, New Jersey
08809-4000
(Address
                  of Principal Executive Offices)
(Zip
                  Code)
(908)
                  730-4000
(Registrant's
                  Telephone Number, Including Area
                  Code)
Not
                  applicable
(Former
                  Name or Former Address, if Changed Since Last
                  Report)
Item
        1.01
Entry
        Into a Material Definitive Agreement.
On
        November 8, 2005, the Board of Directors, upon the recommendation of the
        Compensation Committee, approved revisions to the fees payable to certain
        non-employee directors as compensation for their service on the Board of
        Directors and committees. These changes are effective November 9, 2005 and
        are
        as follows:
(1)
The
                cash annual retainer for the Audit Committee Chair was increased
                from
                $5,000 to $10,000 and
(2)
A
                cash annual retainer of $5,000 was introduced for the Deputy Chairman
                of
                the Board.
SIGNATURE
Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.
FOSTER
                WHEELER LTD.
DATE:
                November 9, 2005
By:
/s/ Lisa
                Fries Gardner
Lisa
                Fries Gardner
Vice
                President and Secretary