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   <TITLE>apr2604_s8-suez</TITLE>
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   <TD colspan="4" align="center"><B><FONT size=2 face="serif">As filed with the Securities and Exchange Commission on April 27, 2004</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="right"><B><FONT size=2 face="serif">Registration No.
         333-________</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4"><hr size="4" noshade color="#000000" style="margin-top: -2px">
     <hr size="1" noshade color="#000000" style="margin-top: -10px"></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT size=5 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT face="serif">Washington, D.C. 20549</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT size=5 face="serif">FORM S-8</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT face="serif">REGISTRATION STATEMENT UNDER</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT face="serif">THE SECURITIES ACT OF 1933</FONT></B></TD>
  </TR>
<TR valign="top">
  <TD colspan="4" align="center">&nbsp;</TD>
</TR>
<TR valign="top">
  <TD colspan="4" align="center"><HR SIZE="1" NOSHADE WIDTH=20%></TD>
</TR>
<TR>
  <TD colspan="4" align="center">&nbsp;</TD>
</TR>
<TR>
   <TD colspan="4" align="center"><B><FONT size=5 face="serif">SUEZ</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><FONT size=1 face="serif">(Exact Name of Registrant as Specified in its Charter)</FONT></TD>
  </TR>
<TR>
   <TD width="50%" align="center"><B><FONT size=2 face="serif">REPUBLIC OF</FONT></B><B><FONT size=2 face="serif"><br>
    FRANCE<br>
   </FONT></B><FONT size=1 face="serif">(State of Other Jurisdiction of<br>
   </FONT><FONT size=1 face="serif">Incorporation or Organization)</FONT></TD>
   <TD width="50%" align="center"><B><FONT size=2 face="serif">Not applicable<br>
   </FONT></B><FONT size=1 face="serif">(I.R.S. Employer<br>
   </FONT><FONT size=1 face="serif">Identification No.)</FONT></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT size=2 face="serif">16, rue de la Ville-l&#8217;&Eacute;v&ecirc;que</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT size=2 face="serif">75008 Paris</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><B><FONT size=2 face="serif">FRANCE</FONT></B></TD>
  </TR>
<TR>
   <TD colspan="4" align="center"><FONT size=1 face="serif">(Address of Principal Executive Offices)</FONT></TD>
  </TR>
<TR align="center" valign="top">
   <TD colspan="4"><HR SIZE="1" NOSHADE WIDTH=20%></TD>
  </TR>
<TR valign="bottom">
   <TD colspan="4" align="center"><B><FONT face="serif">SUEZ 2003 ANNUAL STOCK OPTION GRANT</FONT></B></TD>
  </TR>
<TR valign="bottom">
   <TD colspan="4" align="center"><FONT size=1 face="serif">(Full Title of the Plan)</FONT></TD>
  </TR>
<TR align="center" valign="top">
   <TD colspan="4"><HR SIZE="1" NOSHADE WIDTH=20%></TD>
  </TR>
<TR align="center" valign="bottom">
   <TD colspan="4"><B><FONT size=2 face="serif">CT Corporation System</FONT></B></TD>
  </TR>
<TR align="center" valign="bottom">
   <TD colspan="4"><B><FONT size=2 face="serif">111 Eighth Avenue</FONT></B></TD>
  </TR>
<TR align="center" valign="bottom">
   <TD colspan="4"><B><FONT size=2 face="serif">13</FONT></B><B><SUP><FONT size=2 face="serif">th </FONT></SUP></B><B><FONT size=2 face="serif">Floor</FONT></B></TD>
  </TR>
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   <TD colspan="4"><B><FONT size=2 face="serif">New York, NY 10011</FONT></B></TD>
  </TR>
<TR align="center" valign="bottom">
   <TD colspan="4"><B><FONT size=2 face="serif">(212) 894-8940</FONT></B></TD>
  </TR>
<TR align="center" valign="bottom">
   <TD colspan="4"><FONT size=1 face="serif">(Telephone Number, Including Area Code, of Agent for Service)</FONT></TD>
  </TR>
<TR align="center" valign="top">
   <TD colspan="4"><HR SIZE="1" NOSHADE WIDTH=20%></TD>
  </TR>
<TR valign="bottom">
   <TD colspan="4"><div align="center"><I><FONT size=2 face="serif">With a copy to:</FONT></I></div></TD>
  </TR>
<TR valign="bottom">
   <TD colspan="4"><div align="center"><B><FONT size=2 face="serif">Davis Polk &amp; Wardwell</FONT></B></div></TD>
  </TR>
<TR valign="bottom">
   <TD colspan="4"><div align="center"><B><FONT size=2 face="serif">450 Lexington Avenue</FONT></B></div></TD>
  </TR>
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   <TD colspan="4"><div align="center"><B><FONT size=2 face="serif">New York, NY 10017</FONT></B></div></TD>
  </TR>
<TR valign="bottom">
   <TD colspan="4"><div align="center"><B><FONT size=2 face="serif">Attention:&nbsp;&nbsp;</FONT></B><B><FONT size=2 face="serif">Barbara Nims, Esq.</FONT></B></div></TD>
  </TR>
<TR align="center" valign="top">
   <TD colspan="4"><HR SIZE="1" NOSHADE WIDTH=20%></TD>
  </TR>
<TR align="center" valign="bottom">
  <TD colspan="4"><B><FONT size=1 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B></TD>
</TR>
</table>
<table width="100%" border="1" cellpadding="0" cellspacing="0">
<TR align="center" valign="bottom">
   <TD colspan="3"><B></B><B><FONT size=1 face="serif">Title
    of Each Class of Securities to be Registered </FONT></B></TD>
   <TD width="15%"><b><font size=1 face="serif">Amount To Be<br>
   </font></b><B><FONT size=1 face="serif">Registered</FONT></B></TD>
   <TD width="15%"><B><FONT size=1 face="serif">Proposed<br>
   </FONT></B><B><FONT size=1 face="serif">Maximum<br>
   </FONT></B><B><FONT size=1 face="serif">Offering Price<br>
   </FONT></B><B><FONT size=1 face="serif">Per<br>
   </FONT></B><B><FONT size=1 face="serif">Share(3)(4)(5)</FONT></B></TD>
   <TD width="15%"><B><FONT size=1 face="serif">Proposed</FONT></B><B><FONT size=1 face="serif"><br>
    Maximum<br>
   </FONT></B><B><FONT size=1 face="serif">Aggregate</FONT></B><B><FONT size=1 face="serif"><br>
   Offering Price(3)</FONT></B></TD>
   <TD width="15%"><B><FONT size=1 face="serif">Amount of<br>
   </FONT></B><B><FONT size=1 face="serif">Registration Fee</FONT></B></TD>
  </TR>
<TR>
   <TD align="center" colspan=3><FONT size=2 face="serif">Ordinary Shares, nominal
       value &euro;2
    each, of Suez(1) </FONT></TD>
   <TD width="15%" align="center"><div align="center"><font size=2 face="serif">380,000(2)</font></div></TD>
   <TD width="12%" align="center"><FONT size=2 face="serif">$</FONT><font size="2" face="serif">16.48</font></TD>
   <TD width="12%" align="center"><FONT size=2 face="serif">$</FONT><font size="2" face="serif">6,262,400</font></TD>
   <TD width="12%" align="center"><FONT size=2 face="serif">$</FONT><font size="2" face="serif">793.45</font></TD>
  </TR></table>
<table width=100% border="0" cellpadding="0" cellspacing="0">
<TR>
   <TD width="7%" align="center" valign="top"><FONT size=2 face="serif">(1)</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">The ordinary shares being
       registered hereby may be represented by the Registrant&#146;s American
       Depositary Shares, evidenced </FONT><FONT size=2 face="serif">by American Depositary Receipts.</FONT></TD>
</TR>
<TR>
   <TD width="7%" align="center" valign="top"><FONT size=2 face="serif">(2)</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">Plus an indeterminate
       number of additional shares which may be offered or issued to prevent
       dilution resulting from stock </FONT><FONT size=2 face="serif">splits, stock dividends or similar transactions.</FONT></TD>
</TR>
<TR>
   <TD width="7%" align="center" valign="top"><FONT size=2 face="serif">(3)</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">The U.S. dollar amount
       of the proposed maximum offering price per share and proposed maximum
       aggregate offering price was computed
       using the euro/dollar Noon Buying Rate of 1.1825 on
       April 26, 2004.</FONT></TD>
</TR>
<TR>
   <TD width="7%" align="center" valign="top"><FONT size=2 face="serif">(4)</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">The exercise price per share for
       the options granted to plan participants is $16.48,
    the U.S. dollar equivalent of &euro;13.93.</FONT></TD>
  </TR>
<TR>
   <TD width="7%" align="center" valign="top"><FONT size=2 face="serif">(5)</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">Rounded up to the nearest penny.</FONT></TD>
  </TR>
</TABLE>

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<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B>
</P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B>
</P>
<P>
<B><FONT size=2 face="serif">Item 3. &nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference. </FONT></B>
</P>
<P>
<FONT size=2 face="serif">The following documents are incorporated herein by reference: </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) The registration statement on Form 20-F of Suez (&#147;Suez&#148; or &#147;Registrant&#148;), filed with the Securities and Exchange Commission for the year ended December 31, 2002,
pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (&#147;Exchange Act&#148;); </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) All reports filed by Suez pursuant to Section 13(a) or 15(d) of the Exchange Act since December 31, 2002, the date of the most recent financial statements of Suez fully audited in
accordance with U.S. generally accepted accounting principles, contained in Suez&#146;s Form 20-F registration statement referred to in (a); and </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) The description of
Suez&#146;s ordinary shares, nominal value &euro;2 each, and American Depositary
Receipts evidencing American Depositary Shares, each American Depositary Share
 representing one ordinary share of Suez, contained in Items 9 and 10 of Suez&#146;s
 Form 20-F registration statement referred to in (a).</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In addition, all documents subsequently filed by Suez, and all documents subsequently filed under the Suez 2003 Annual Stock Option Grant (the &#147;Plan&#148;), pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be
deemed to be incorporated by reference in the registration statement and to be a part hereof from the date of the filing of such documents.</FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 4. Description of Securities. </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 5. Interests of Named Experts and Counsel. </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Patrice Herbet, who is opining on the legality of the shares being registered (see Exhibit 5 hereto), is regularly employed by Suez as General Counsel Corporate. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 6. Indemnification of Directors and Officers. </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Suez has taken out a Directors and Officers Liability Policy (&#147;Policy&#148;) for the benefit of its officers and directors. Subject to its terms, conditions and exclusions, that Policy
insures the directors and officers for claims made against them for wrongful acts committed by them in their capacities as directors and officers of Suez and certain of its subsidiaries. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 7. Exemption from Registration Claimed. </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT>
</P>
<P align="center">
<FONT size=2 face="serif">2</FONT>
</P>

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<P>
<B><FONT size=2 face="serif">Item 8. Exhibits.</FONT></B>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD><FONT size=2 face="serif">Exhibit</FONT></TD>
   <TD width="90%">&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif">Number</FONT></TD>
   <TD width="90%">&nbsp;</TD>
</TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left"><FONT size=2 face="serif">4</FONT><FONT size=2 face="serif">(a)</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Bylaws of Suez, as amended April 26, 2002 (incorporated by reference to Exhibit 1.1 to the</FONT></TD>
</TR>
<TR>
   <TD width="5%" align="left">&nbsp;</TD>
   <TD width="90%"><FONT size=2 face="serif">registration statement on Form 20-F for the year ended December 31, 2002, and filed by Suez</FONT></TD>
</TR>
<TR>
   <TD width="5%" align="left">&nbsp;</TD>
   <TD width="90%"><FONT size=2 face="serif">under the Exchange Act; see File No. 1-15232).</FONT></TD>
</TR>
<TR>
  <TD align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left"><FONT size=2 face="serif">4</FONT><FONT size=2 face="serif">(b)</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Depositary Agreement dated as of September 4, 2001 among Suez, Citibank N.A., as depositary,</FONT></TD>
</TR>
<TR>
   <TD width="5%" align="left">&nbsp;</TD>
   <TD width="90%"><FONT size=2 face="serif">and the holders from time to time of American Depositary Receipts (incorporated by reference</FONT></TD>
</TR>
<TR>
   <TD width="5%" align="left">&nbsp;</TD>
   <TD width="90%"><FONT size=2 face="serif">to Exhibit 2.1 to the registration statement on Form 20-F for the year ended December 31, 2000,</FONT></TD>
</TR>
<TR>
   <TD width="5%" align="left">&nbsp;</TD>
   <TD width="90%"><FONT size=2 face="serif">and filed by Suez under the Exchange Act; see File No. 1-15232).</FONT></TD>
</TR>
<TR>
  <TD align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left" width="5%"><FONT size=2 face="serif">5</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Opinion of M. Patrice Herbet.</FONT></TD>
</TR>
<TR>
  <TD align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left" width="5%"><FONT size=2 face="serif">23.01</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Consent of Barbier Frinault &amp; Autres
    - Ernst &amp; Young and Deloitte Touche Tohmatsu - Audit.</FONT></TD>
</TR>
<TR>
  <TD align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left" width="5%"><FONT size=2 face="serif">23.02</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Consent of PricewaterhouseCoopers
       Bedrijfsrevisoren BCVBA &#150; KPMG Accountants NV.</FONT></TD>
</TR>
<TR>
  <TD align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left" width="5%"><FONT size=2 face="serif">24</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Powers of Attorney.</FONT></TD>
</TR>
<TR>
  <TD align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD align="left" width="5%"><FONT size=2 face="serif">99</FONT></TD>
   <TD width="90%"><FONT size=2 face="serif">Suez 2003 Annual Stock Option Grant.</FONT></TD>
</TR>
</TABLE>
<P>
<B><FONT size=2 face="serif">Item 9. Undertakings.</FONT></B>
</P>
<blockquote>
  <p>
    <FONT size=2 face="serif">(a) The undersigned Registrant hereby undertakes: </FONT>
  </p>
  <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: </FONT>
  </p>
  <blockquote>
    <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (&#147;Securities Act&#148;); </FONT>
    </p>
    <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually
    or in the aggregate, represent a fundamental change in the information set forth in the registration statement; </FONT>
    </p>
    <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(iii) To include any material information with respect to the Plan not previously disclosed in the registration statement or any material change to such information in the registration
    statement; </FONT>
    </p>
  </blockquote>
  <p>
  <I><FONT size=2 face="serif">provided</FONT></I><FONT size=2 face="serif">, </FONT><I><FONT size=2 face="serif">however</FONT></I><FONT size=2 face="serif">, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be
  included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the registration statement. </FONT>
  </p>
  <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
  offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof. </FONT>
  </p>
  <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT>
  </p>
</blockquote>
<P align="center">
<FONT size=2 face="serif">3</FONT>
</P>

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<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section
13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to
be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif">
offering thereof. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </FONT>
</P>
<P align="center">
<FONT size=2 face="serif">4</FONT>
</P>

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<P align="center">
<B><FONT size=2 face="serif">SIGNATURES </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant, Suez, certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Paris, France, on this 26</FONT><SUP><FONT size=2 face="serif">th</FONT></SUP><FONT size=2
face="serif"> day of April, 2004.</FONT></P>
<table width="95%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td colspan="2"><b><font size=2 face="serif">SUEZ</font></b><font size=2 face="serif">&nbsp; </font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="serif">By: </font> </td>
    <td><font size="2"><u>&nbsp;&nbsp;/s/ G&eacute;rard
        Mestrallet&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size=2 face="serif">Name: G&eacute;rard Mestrallet</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size=2 face="serif">Title: &nbsp;&nbsp;&nbsp;Chief Executive Officer </font></td>
  </tr>
</table>
<P>&nbsp;</P>
<P>
<FONT size=2 face="serif"> </FONT>
</P>
<P align="center">
<FONT size=2 face="serif">5</FONT>
</P>

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<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed this 26th day of April, 2004 by the following persons in the following
capacities. </FONT>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD width="47%" align="left"><FONT size=2 face="serif"><u>Name</u></FONT></TD>
   <TD align="left" width="6%">&nbsp;</TD>
   <TD align="left" width="47%"><FONT size=2 face="serif"><u>Title</u></FONT></TD>
  </TR>
<TR>
   <TD width="47%" align="center"><FONT size=2 face="serif">/s/ G&eacute;rard Mestrallet</FONT>
    <hr color="#000000" size="1"></TD><TD width="6%">&nbsp;</TD>
   <TD width="47%"><FONT size=2 face="serif">Chief Executive Officer, Chairman of Management<br>
    Board   </FONT></TD>
  </TR>
<TR>
   <TD width="47%" align="center"><FONT size=2 face="serif">G&eacute;rard Mestrallet</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center"><FONT size=2 face="serif">/s/ G&eacute;rard </FONT><FONT size=2 face="serif">Lamarche</FONT>
     <hr color="#000000" size="1"></TD><TD width="6%">&nbsp;</TD>
   <TD width="47%"><FONT size=2 face="serif">Executive Vice-President, Chief Financial Officer</FONT></TD>
  </TR>
<TR>
   <TD width="47%" align="center"><FONT size=2 face="serif">G&eacute;rard Lamarche</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center"><FONT size=2 face="serif">/s/ Christelle Martin</FONT>     <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><FONT size=2 face="serif">Chief Accounting Officer</FONT></TD>
  </TR>
<TR>
   <TD width="47%" align="center"><FONT size=2 face="serif">Christelle Martin</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><FONT size=2 face="serif">Director, Vice Chairman of Management
    Board</FONT></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Jean Gandois</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><font size=2 face="serif">Director, Vice Chairman of Management
    Board</font></TD>
  </TR>
<TR>
   <TD width="47%" align="center"><font size=2 face="serif">Albert Fr&egrave;re</font></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><FONT size=2 face="serif">Director</FONT></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Gerhard Cromme</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><FONT size=2 face="serif">Director</FONT></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">&Eacute;tienne Davignon</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Paul Desmarais, Jr.</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Lucien Douroux</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Jacques Lagarde</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Anne Lauvergeon</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
    <hr color="#000000" size="1" ></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
<TR>
   <TD align="center" width="47%"><FONT size=2 face="serif">Jean Peyrelevade</FONT></TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
<TR>
   <TD width="47%" align="center">&nbsp;</TD>
   <TD width="6%">&nbsp;</TD>
   <TD width="47%">&nbsp;</TD>
  </TR>
</TABLE>
<p align="center"><br>
  <br>
<font size=2 face="serif">6</font></p>
<hr width="100%" size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
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<br>
<br>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
        <hr color="#000000" size="1" ></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">Felix G. Rohatyn</FONT></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="47%" align="center">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
        <hr color="#000000" size="1" ></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">Lord Simon of Highbury</FONT></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="47%" align="center">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
        <hr color="#000000" size="1" ></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%"><font size=2 face="serif">Director</font></TD>
  </TR>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">Antonio Brufau</FONT></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="47%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">*</FONT>
        <hr color="#000000" size="1" ></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%"><FONT size=2 face="serif">Director</FONT></TD>
  </TR>
  <TR>
    <TD align="center" width="47%"><FONT size=2 face="serif">Jean-Jacques Salane</FONT></TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
  </TR>
</TABLE>
<p>&nbsp;</p>
<p>&nbsp;</p>
<div align="center"><br>
    <FONT size=2 face="serif">7</FONT><br>
</div>
<hr width="100%" size=3 noshade>
<br>
<br>
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<P align="center">&nbsp;
</P>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->


<P align="center">&nbsp;</P>
<TABLE width="25%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD width="7%"><FONT size=2 face="serif">*By:</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">&nbsp;<u>&nbsp;/s/ Patrick Ouart&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
   <TD>&nbsp;</TD>
   <TD width="93%"><FONT size=2 face="serif">Patrick Ouart</FONT></TD>
</TR>
<TR>
   <TD>&nbsp;</TD>
   <TD width="93%"><FONT size=2 face="serif">Attorney-in-Fact</FONT></TD>
</TR>
<TR>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif">Date:</FONT></TD>
   <TD width="93%"><FONT size=2 face="serif">&nbsp;&nbsp;April 26, 2004</FONT></TD>
</TR>
</TABLE>

<p align="center"> <FONT size=2 face="serif">8</FONT> </p>
<hr width="100%" size=3 noshade>
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<P align="center">&nbsp;
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD><B><FONT size=2 face="serif">AUTHORIZED REPRESENTATIVE</FONT></B></TD>
</TR>
<TR>
   <TD>&nbsp;</TD>
</TR>
<TR>
   <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif"><u>&nbsp;/s/ Timothy Richard Dunne&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif">Timothy Richard Dunne, as the</FONT></TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif">duly authorized representative of</FONT></TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif">Suez in the United States</FONT></TD>
</TR>
<TR>
   <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size=2 face="serif">Date: April 26, 2004</FONT></TD>
</TR>
</TABLE>

<p><br>
</p>
<p align="center"><FONT size=2 face="serif">9</FONT> <br>
</p>
<hr width="100%" size=3 noshade>
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  <div align="center"><font size="2"><strong><br>
    <br>
  EXHIBIT INDEX </strong></font>

  <TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
    <TR>
      <TD align="left"><FONT size=2 face="serif">Exhibit</FONT></TD>
      <TD width="90%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left"><FONT size=2 face="serif">Number</FONT></TD>
      <TD width="90%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left"><HR noshade size=1></TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left"><FONT size=2 face="serif">4</FONT><FONT size=2 face="serif">(a)</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Bylaws of Suez, as amended April
          26, 2002 (incorporated by reference to Exhibit 1.1 to the</FONT></TD>
    </TR>
    <TR>
      <TD width="5%" align="left">&nbsp;</TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">registration statement on Form
          20-F for the year ended December 31, 2002, and filed by Suez</FONT></TD>
    </TR>
    <TR>
      <TD width="5%" align="left">&nbsp;</TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">under the Exchange Act; see File
          No. 1-15232).</FONT></TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD align="left">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left"><FONT size=2 face="serif">4</FONT><FONT size=2 face="serif">(b)</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Depositary Agreement dated as
          of September 4, 2001 among Suez, Citibank N.A., as depositary,</FONT></TD>
    </TR>
    <TR>
      <TD width="5%" align="left">&nbsp;</TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">and the holders from time to
          time of American Depositary Receipts (incorporated by reference</FONT></TD>
    </TR>
    <TR>
      <TD width="5%" align="left">&nbsp;</TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">to Exhibit 2.1 to the registration
          statement on Form 20-F for the year ended December 31, 2000,</FONT></TD>
    </TR>
    <TR>
      <TD width="5%" align="left">&nbsp;</TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">and filed by Suez under the Exchange
          Act; see File No. 1-15232).</FONT></TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD align="left">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left" width="5%"><FONT size=2 face="serif">5</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Opinion of M. Patrice Herbet.</FONT></TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD align="left">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left" width="5%"><FONT size=2 face="serif">23.01</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Consent of Barbier Frinault &amp; Autres
          - Ernst &amp; Young and Deloitte Touche Tohmatsu - Audit.</FONT></TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD align="left">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left" width="5%"><FONT size=2 face="serif">23.02</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Consent of PricewaterhouseCoopers
          Bedrijfsrevisoren BCVBA &#150; KPMG Accountants NV.</FONT></TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD align="left">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left" width="5%"><FONT size=2 face="serif">24</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Powers of Attorney.</FONT></TD>
    </TR>
    <TR>
      <TD align="left">&nbsp;</TD>
      <TD align="left">&nbsp;</TD>
    </TR>
    <TR>
      <TD align="left" width="5%"><FONT size=2 face="serif">99</FONT></TD>
      <TD width="90%" align="left"><FONT size=2 face="serif">Suez 2003 Annual Stock Option
          Grant.</FONT></TD>
    </TR>
  </TABLE>
  <p>&nbsp;</p>
  <p><FONT size=2 face="serif">10</FONT>
</p>
</div>
<hr width="100%" size=3 noshade>



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</P>
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</HTML>
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{"company-data": {"conformed-name": "SUEZ", "cik": "0001158533", "assigned-sic": "4911", "irs-number": "000000000"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-114880", "film-number": "04755360"}, "business-address": {"street1": "16 RUE DE LA VILLE L EVEQUE", "city": "PARIS FRANCE", "state": "I0", "zip": "75008", "phone": "01133140066400"}, "mail-address": {"street1": "16 RUE DE LA VILLE L EVEQUE", "city": "PARIS FRANCE", "state": "I0", "zip": "75008"}}
apr2604_s8-suez
As filed with the Securities and Exchange Commission on April 27, 2004
Registration No.
         333-________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
SUEZ
(Exact Name of Registrant as Specified in its Charter)
REPUBLIC OF
FRANCE
(State of Other Jurisdiction of
Incorporation or Organization)
Not applicable
(I.R.S. Employer
Identification No.)
16, rue de la Ville-l'Évêque
75008 Paris
FRANCE
(Address of Principal Executive Offices)
SUEZ 2003 ANNUAL STOCK OPTION GRANT
(Full Title of the Plan)
CT Corporation System
111 Eighth Avenue
13
th
Floor
New York, NY 10011
(212) 894-8940
(Telephone Number, Including Area Code, of Agent for Service)
With a copy to:
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
Attention:
Barbara Nims, Esq.
CALCULATION OF REGISTRATION FEE
Title
    of Each Class of Securities to be Registered
Amount To Be
Registered
Proposed
Maximum
Offering Price
Per
Share(3)(4)(5)
Proposed
Maximum
Aggregate
Offering Price(3)
Amount of
Registration Fee
Ordinary Shares, nominal
       value €2
    each, of Suez(1)
380,000(2)
$
16.48
$
6,262,400
$
793.45
(1)
The ordinary shares being
       registered hereby may be represented by the Registrant's American
       Depositary Shares, evidenced
by American Depositary Receipts.
(2)
Plus an indeterminate
       number of additional shares which may be offered or issued to prevent
       dilution resulting from stock
splits, stock dividends or similar transactions.
(3)
The U.S. dollar amount
       of the proposed maximum offering price per share and proposed maximum
       aggregate offering price was computed
       using the euro/dollar Noon Buying Rate of 1.1825 on
       April 26, 2004.
(4)
The exercise price per share for
       the options granted to plan participants is $16.48,
    the U.S. dollar equivalent of €13.93.
(5)
Rounded up to the nearest penny.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.    Incorporation of Documents by Reference.
The following documents are incorporated herein by reference:
(a) The registration statement on Form 20-F of Suez ("Suez" or "Registrant"), filed with the Securities and Exchange Commission for the year ended December 31, 2002,
pursuant to Section 12 of the Securities Exchange Act of 1934, as amended ("Exchange Act");
(b) All reports filed by Suez pursuant to Section 13(a) or 15(d) of the Exchange Act since December 31, 2002, the date of the most recent financial statements of Suez fully audited in
accordance with U.S. generally accepted accounting principles, contained in Suez's Form 20-F registration statement referred to in (a); and
(c) The description of
Suez's ordinary shares, nominal value €2 each, and American Depositary
Receipts evidencing American Depositary Shares, each American Depositary Share
 representing one ordinary share of Suez, contained in Items 9 and 10 of Suez's
 Form 20-F registration statement referred to in (a).
In addition, all documents subsequently filed by Suez, and all documents subsequently filed under the Suez 2003 Annual Stock Option Grant (the "Plan"), pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be
deemed to be incorporated by reference in the registration statement and to be a part hereof from the date of the filing of such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Patrice Herbet, who is opining on the legality of the shares being registered (see Exhibit 5 hereto), is regularly employed by Suez as General Counsel Corporate.
Item 6. Indemnification of Directors and Officers.
Suez has taken out a Directors and Officers Liability Policy ("Policy") for the benefit of its officers and directors. Subject to its terms, conditions and exclusions, that Policy
insures the directors and officers for claims made against them for wrongful acts committed by them in their capacities as directors and officers of Suez and certain of its subsidiaries.
Item 7. Exemption from Registration Claimed.
Not applicable.
2
Item 8. Exhibits.
Exhibit
Number
4
(a)
Bylaws of Suez, as amended April 26, 2002 (incorporated by reference to Exhibit 1.1 to the
registration statement on Form 20-F for the year ended December 31, 2002, and filed by Suez
under the Exchange Act; see File No. 1-15232).
4
(b)
Depositary Agreement dated as of September 4, 2001 among Suez, Citibank N.A., as depositary,
and the holders from time to time of American Depositary Receipts (incorporated by reference
to Exhibit 2.1 to the registration statement on Form 20-F for the year ended December 31, 2000,
and filed by Suez under the Exchange Act; see File No. 1-15232).
5
Opinion of M. Patrice Herbet.
23.01
Consent of Barbier Frinault & Autres
    - Ernst & Young and Deloitte Touche Tohmatsu - Audit.
23.02
Consent of PricewaterhouseCoopers
       Bedrijfsrevisoren BCVBA – KPMG Accountants NV.
24
Powers of Attorney.
99
Suez 2003 Annual Stock Option Grant.
Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended ("Securities Act");
(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually
    or in the aggregate, represent a fundamental change in the information set forth in the registration statement;
(iii) To include any material information with respect to the Plan not previously disclosed in the registration statement or any material change to such information in the registration
    statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be
  included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
  offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
3
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section
13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to
be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant, Suez, certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Paris, France, on this 26
th
day of April, 2004.
SUEZ
By:
/s/ Gérard
        Mestrallet
Name: Gérard Mestrallet
Title:    Chief Executive Officer
5
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed this 26th day of April, 2004 by the following persons in the following
capacities.
Name
Title
/s/ Gérard Mestrallet
Chief Executive Officer, Chairman of Management
Board
Gérard Mestrallet
/s/ Gérard
Lamarche
Executive Vice-President, Chief Financial Officer
Gérard Lamarche
/s/ Christelle Martin
Chief Accounting Officer
Christelle Martin
*
Director, Vice Chairman of Management
    Board
Jean Gandois
*
Director, Vice Chairman of Management
    Board
Albert Frère
*
Director
Gerhard Cromme
*
Director
Étienne Davignon
*
Director
Paul Desmarais, Jr.
*
Director
Lucien Douroux
*
Director
Jacques Lagarde
*
Director
Anne Lauvergeon
*
Director
Jean Peyrelevade
6
*
Director
Felix G. Rohatyn
*
Director
Lord Simon of Highbury
*
Director
Antonio Brufau
*
Director
Jean-Jacques Salane
7
*By:
/s/ Patrick Ouart
Patrick Ouart
Attorney-in-Fact
Date:
April 26, 2004
8
AUTHORIZED REPRESENTATIVE
/s/ Timothy Richard Dunne
Timothy Richard Dunne, as the
duly authorized representative of
Suez in the United States
Date: April 26, 2004
9
EXHIBIT INDEX
Exhibit
Number
4
(a)
Bylaws of Suez, as amended April
          26, 2002 (incorporated by reference to Exhibit 1.1 to the
registration statement on Form
          20-F for the year ended December 31, 2002, and filed by Suez
under the Exchange Act; see File
          No. 1-15232).
4
(b)
Depositary Agreement dated as
          of September 4, 2001 among Suez, Citibank N.A., as depositary,
and the holders from time to
          time of American Depositary Receipts (incorporated by reference
to Exhibit 2.1 to the registration
          statement on Form 20-F for the year ended December 31, 2000,
and filed by Suez under the Exchange
          Act; see File No. 1-15232).
5
Opinion of M. Patrice Herbet.
23.01
Consent of Barbier Frinault & Autres
          - Ernst & Young and Deloitte Touche Tohmatsu - Audit.
23.02
Consent of PricewaterhouseCoopers
          Bedrijfsrevisoren BCVBA – KPMG Accountants NV.
24
Powers of Attorney.
99
Suez 2003 Annual Stock Option
          Grant.
10