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  <DIV align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B>
  </FONT></DIV>
  
  <DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
  </FONT></DIV>
  <P align="center"><HR align="center" size="1" width="45%" noshade>
  <DIV align="center"><FONT size="5"><B>FORM S-8</B>
  </FONT></DIV>
  
  <DIV align="center"><FONT size="3"><B>REGISTRATION STATEMENT UNDER<BR>
  THE SECURITIES ACT OF 1933</B><BR><BR>
  
  <HR align="center" size="1" width="45%" noshade>
  </FONT></DIV>
  
  <P align="center"><FONT size="6"><B>WATERS CORPORATION</B>
  </FONT>
  
  <DIV align="center"><FONT size="2"><I>(Exact Name of Registrant as Specified in its Charter)</I>
  </FONT></DIV>
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      <TD align="center" valign="top"><FONT size="2"><B>DELAWARE</B></FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  <B>13-3668640</B></FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD align="center" valign="top"><FONT size="2"><I>(State or Other Jurisdiction of Incorporation</I></FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  <I>(I.R.S. Employer</I></FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD align="center" valign="top"><FONT size="2"><I>or Organization)</I></FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="center" valign="top"><FONT size="2">
  <I>Identification No.)</I></FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2"><B>34 Maple Street, Milford, MA 01757</B><BR>
  <I>(Address of Principal Executive Offices) (Zip Code)</I>
  </FONT>
  
  <P align="center"><HR align="center" size="1" width="45%" noshade>
  
  <P align="center"><FONT size="2"><B>WATERS CORPORATION<BR>
  2003 EQUITY INCENTIVE PLAN</B><BR>
  <I>(Full Title of the Plan)</I>
  </FONT>
  
  <P align="center"><HR align="center" size="1" width="45%" noshade>
  
  <P align="center"><FONT size="2"><B>Mark T. Beaudouin, Esq.</B><BR>
  WATERS CORPORATION<BR>
  34 Maple Street<BR>
  Milford, Massachusetts 01757<BR>
  <I>(Name and Address of Agent for Service)</I>
  </FONT>
  
  <P align="center"><FONT size="2">(508)&nbsp;478-2000<BR>
  <I>Telephone Number, Including Area Code, of Agent for Service</I>
  </FONT>
  
  <P align="center"><HR align="center" size="1" width="45%" noshade>
  
  <P align="center"><FONT size="2"><I>Copies to:</I>
  </FONT>
  
  <P align="center"><FONT size="2"><B>Victor J. Paci, Esq.</B><BR>
  BINGHAM MCCUTCHEN LLP<BR>
  150 Federal Street<BR>
  Boston, MA 02110-1726<BR>
  (617)&nbsp;951-8000
  </FONT>
  
  <P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B>
  </FONT>
  
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      <TD width="25%">&nbsp;</TD>
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      <TD width="6%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
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      <TD width="4%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
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      <TD width="6%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="11%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="11%">&nbsp;</TD>
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      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
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      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Maximum</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Maximum</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount Of</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>Title Of</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>To Be</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>Securities To Be Registered</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (1)</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Per Share (1)</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price (1)</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center" colspan="3"><FONT size="1"><B>Fee</B></FONT></TD>
  </TR>
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      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD colspan="3"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD colspan="3"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD colspan="3"><HR size="1" noshade></TD>
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      <TD colspan="3"><HR size="1" noshade></TD>
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      <TD><DIV style="margin-left:0px; text-indent:0px"><FONT size="2">Common Stock,
  $0.01 par value</FONT></DIV></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">5,697,290</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">$</FONT></TD>
      <TD align="right"><FONT size="2">30.34</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">$</FONT></TD>
      <TD align="right"><FONT size="2">172,855,778.60</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right"><FONT size="2">$</FONT></TD>
      <TD align="right"><FONT size="2">13,984.03</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="left"><FONT size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The proposed maximum offering price has been estimated pursuant
  to Rule&nbsp;457(h) solely for the purpose of calculating the
  registration fee. It is not known how many of these shares will be
  purchased or at what price. The estimate of the proposed maximum
  aggregate offering price has been calculated based on the offering
  of all 5,697,290 shares registered hereunder pursuant to the 2003
  Equity Incentive Plan, at a price of $30.34 per share, which is the
  average of the high and low prices of the Registrant&#146;s Common Stock
  as listed on the New York Stock Exchange on November&nbsp;18, 2003.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
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  <!-- TOC -->
  <A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>
  
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  </TR>
  <TR><TD colspan="9"><A HREF="#000">PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#001">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3.    Incorporation of Documents by Reference</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4.    Description of Securities</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5.    Interests of Named Experts or Counsel</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9.&nbsp; Undertakings</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b48537wcexv4w1.txt">EX-4.1 2003 Equity Incentive Plan</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b48537wcexv5w1.txt">EX-5.1 Opinion of Bingham McCutchen LLP</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b48537wcexv23w2.txt">EX-23.2 Consent of PricewaterhouseCoopers LLP</A></TD></TR>
  </TABLE>
  </CENTER>
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  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  
  
  <!-- link1 "PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
  <DIV align="left"><A NAME="000"></A></DIV>
  <P align="center"><FONT size="2"><B>PART I</B>
  </FONT>
  
  <P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information required by Part I is included in documents sent or given
  by Waters Corporation (the &#147;Corporation&#148;) to the participants in the Waters
  Corporation 2003 Equity Incentive Plan (the &#147;Plan&#148;).
  </FONT>
  <!-- link1 "PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
  <DIV align="left"><A NAME="001"></A></DIV>
  <P align="center"><FONT size="2"><B>PART II</B>
  </FONT>
  
  <P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
  </FONT>
  
  <!-- link2 "Item&nbsp;3.    Incorporation of Documents by Reference" -->
  <DIV align="left"><A NAME="002"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;</B><B><I>Incorporation of Documents by Reference.</I></B>
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation incorporates by reference the documents listed below which
  it has filed with the SEC under Section&nbsp;13(a), 13(c), 14 or 15(d) of the
  Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;):
  </FONT>
  <P>
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  <TR valign="top">
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">--</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2002;</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">--</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">Quarterly Reports on Form&nbsp;10-Q for the quarters ended March&nbsp;31, 2003,
  June&nbsp;30, 2003 and September&nbsp;30, 2003;</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">--</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">Current Reports on Form&nbsp;8-K filed on January&nbsp;30, 2003, April&nbsp;22, 2003,
  July&nbsp;25, 2003 and October&nbsp;22, 2003; and</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="1%" align="left" nowrap><FONT size="2">--</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="93%"><FONT size="2">the description of the Corporation&#146;s common stock contained in the
  Corporation&#146;s registration statement on Form&nbsp;8-A filed with the SEC on
  October&nbsp;19, 1995, including any amendments or reports filed for the
  purpose of updating that description.</FONT></TD>
  </TR>
  </TABLE>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed after the date of this Registration Statement by the
  Corporation pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act
  prior to the filing of a post-effective amendment 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 part thereof from the date of filing such
  documents.
  </FONT>
  <!-- link2 "Item&nbsp;4.    Description of Securities" -->
  <DIV align="left"><A NAME="003"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;</B><B><I>Description of Securities</I></B>
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </FONT>
  <!-- link2 "Item&nbsp;5.    Interests of Named Experts or Counsel" -->
  <DIV align="left"><A NAME="004"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;</B><B><I>Interests of Named Experts or Counsel</I></B>
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </FONT>
  <P align="center"><FONT size="2">&nbsp;</FONT>
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  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  <!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
  <DIV align="left"><A NAME="005"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;6.&nbsp;&nbsp;&nbsp;</B><B><I>Indemnification of Directors and Officers</I></B>
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the General Corporation Law of the State of Delaware (the
  &#147;Corporation Law&#148;) permits indemnification of directors, officers, employees
  and agents of corporations under certain conditions and subject to certain
  limitations. The Corporation&#146;s certificate of incorporation, as amended,
  provides for the indemnification of directors and officers of the Corporation
  to the fullest extent permitted by Section&nbsp;145.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the by-laws of the Corporation provide that the Corporation
  shall indemnify to the fullest extent authorized by law any person made or
  threatened to be made a party to an action, suit or proceeding, whether
  criminal, civil, administrative or investigative, by reason of the fact that
  he, his testator or intestate is or was a director, officer, employee or agent
  of the Corporation or is or was serving, at the request of the Corporation, as
  a director, officer, employee or agent of another corporation, partnership,
  joint venture, trust or other enterprise.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, pursuant to certain Indemnification Agreements dated August
  18, 1994 (the &#147;Indemnification Agreements&#148;) between the Corporation and its
  directors and executive officers, the Corporation agreed to indemnify such
  directors and executive officers to the fullest extent permitted by the laws of
  the State of Delaware. Among other things, the Indemnification Agreements
  provide indemnification procedures, advancement of expenses during proceedings
  subject to indemnification and mechanisms for reviewing executive conduct in
  connection with a claim for indemnification.
  </FONT>
  <!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
  <DIV align="left"><A NAME="006"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;7.&nbsp;&nbsp;&nbsp;</B><B><I>Exemption from Registration Claimed</I></B>
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
  </FONT>
  <!-- link2 "Item&nbsp;8. Exhibits" -->
  <DIV align="left"><A NAME="007"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;8.&nbsp;&nbsp;&nbsp;</B><B><I>Exhibits</I></B>
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed as part of this registration statement:
  </FONT>
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      <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  4.1</FONT></TD>
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Waters Corporation 2003 Equity Incentive Plan</FONT></TD>
  </TR>
  
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      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
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      <TD align="left" valign="top"><FONT size="2">
  5.1</FONT></TD>
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Opinion of Bingham McCutchen LLP with respect to the legality of the shares being registered</FONT></TD>
  </TR>
  
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      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
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      <TD align="right" valign="top"><FONT size="2">
  23.1</FONT></TD>
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Consent of Bingham McCutchen LLP (included in Exhibit&nbsp;5.1)</FONT></TD>
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      <TD><FONT size="2">&nbsp;</FONT></TD>
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      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
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      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right" valign="top"><FONT size="2">
  23.2</FONT></TD>
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Consent of PricewaterhouseCoopers LLP</FONT></TD>
  </TR>
  
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      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
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      <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD align="right" valign="top"><FONT size="2">
  24.1</FONT></TD>
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Power of Attorney (included in signature page to registration statement)</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <!-- link2 "Item&nbsp;9.&nbsp; Undertakings" -->
  <DIV align="left"><A NAME="008"></A></DIV>
  <P align="left"><FONT size="2"><B>Item&nbsp;9.&nbsp;&nbsp; </B><B><I>Undertakings</I></B>
  </FONT>
  <P>
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
  <TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="96%"><FONT size="2">The undersigned Registrant hereby undertakes:</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="96%"><FONT size="2">To file, during any period in which offers or sales are being made, a
  post-effective amendment to this Registration Statement (i)&nbsp;to include any
  prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933, as
  amended (&#147;Securities Act&#148;); (ii)&nbsp;to reflect in the prospectus any facts or
  events arising after the effective date of the 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. Notwithstanding the foregoing, any
  increase or decrease in volume of securities offered (if the total dollar
  value of securities offered would not exceed that which was registered)
  and any deviation from the low or high end of the estimated maximum
  offering range may be reflected in the form of prospectus filed with the
  Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in
  volume and price represent no more than 20&nbsp;percent change in the maximum
  aggregate offering price set forth in the &#147;Calculation of Registration
  Fee&#148; table in the effective registration statement; (iii)&nbsp;to include any
  material information with respect to the plan of distribution not
  previously disclosed in the Registration Statement or any material change
  to such information in the Registration Statement; <I>provided, however</I>,
  that (i)&nbsp;and (ii)&nbsp;do not apply if the registration statement is on Form
  S-3 or Form&nbsp;S-8, and the information required to be included in a
  post-effective amendment by those paragraphs is contained in periodic
  reports filed by the Corporation pursuant to Section&nbsp;13 or Section&nbsp;15(d)
  of the Exchange Act that are incorporated by reference in the
  registration statement.</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="96%"><FONT size="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
  <I>bona fide </I>offering thereof.</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="96%"><FONT size="2">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></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="96%"><FONT size="2">That, for purposes of determining any liability under the Securities Act,
  each filing of the Corporation&#146;s annual report pursuant to Section&nbsp;13(a)
  or Section&nbsp;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 <I>bona fide</I>
  offering thereof.</FONT></TD>
  </TR>
  <TR>
      <TD><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(5)</FONT></TD>
      <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
      <TD width="96%"><FONT size="2">Insofar as indemnification for liabilities arising under the Securities
  Act may be permitted to directors, officers and controlling persons of the
  Corporation pursuant to the foregoing provisions, or otherwise, the
  Corporation has been advised that in the opinion of the 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
  Corporation of expenses incurred or paid by a director, officer or
  controlling person of the Corporation 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
  Corporation 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></TD>
  </TR>
  </TABLE>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  
  
  
  <!-- link1 "SIGNATURES" -->
  <DIV align="left"><A NAME="009"></A></DIV>
  <P align="center"><FONT size="2"><B>SIGNATURES</B>
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
  the registrant, Waters Corporation, certifies that it has reasonable grounds to
  believe that it meets all of the requirements for filing on Form&nbsp;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 Milford, Commonwealth of
  Massachusetts, on this 20<SUP>th</SUP> day of November, 2003.
  </FONT>
  <CENTER>
  <TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
  <TR valign="bottom">
      <TD width="45%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="44%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD colspan="3" valign="top" align="left"><FONT size="2"><B>WATERS CORPORATION</B></FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  By:
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">/s/ John A. Ornell</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><HR align="left" size="1" width="100%" noshade></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">John A. Ornell</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Vice President, Finance and Administration and</FONT></TD>
  </TR>
  
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">Chief Financial Officer</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
  </FONT>
  
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby appoints Douglas A.
  Berthiaume and Mark T. Beaudouin and each of them severally, acting alone and
  without the other, his/her true and lawful attorney-in-fact with the authority
  to execute in the name of each such person, and to file with the Securities and
  Exchange Commission, together with any exhibits thereto and other documents
  therewith, any and all amendments (including without limitation post-effective
  amendments) to this registration Statement on Form&nbsp;S-8 necessary or advisable
  to enable the registrant to comply with the Securities Act of 1933, as amended,
  and any rules, regulations, and requirements of the Securities and Exchange
  Commission in respect thereof, which amendments may make such other changes in
  the registration Statement as the aforesaid attorney-in-fact executing the same
  deems appropriate.
  </FONT>
  <P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
  Registration Statement has been signed by the following persons in the
  capacities and on the date indicated.
  </FONT>
  <CENTER>
  <TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
  <TR valign="bottom">
      <TD width="37%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="36%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="17%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
  </TR>
  <TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Douglas A. Berthiaume<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Douglas A. Berthiaume</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Chairman of the Board of
  Directors, President and
  Chief Executive Officer
  (Principal Executive Officer)
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ John A. Ornell<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  John A. Ornell</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Vice President, Finance and
  Administration and Chief
  Financial Officer (Principal
  Financial Officer and
  Principal Accounting
  Officer)
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Joshua Bekenstein<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Joshua Bekenstein</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Michael J. Berendt, Ph.D.<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Michael J. Berendt, Ph.D.</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Philip Caldwell<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Philip Caldwell</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Edward Conard<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Edward Conard</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Laurie H. Glimcher, M.D.<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Laurie H. Glimcher, M.D.</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  <P align="center"><FONT size="2">&nbsp;</FONT>
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <CENTER>
  <TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
  <TR valign="bottom">
      <TD width="37%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="36%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="17%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
  </TR>
  <TR valign="bottom">
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
      <TD><FONT size="1">&nbsp;</FONT></TD>
      <TD nowrap align="center"><HR size="1" noshade></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ William J. Miller<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  William J. Miller</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
  </TR>
  <TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
  <TR valign="bottom">
      <TD valign="top"><FONT size="2">/s/ Thomas P. Salice<BR>
  </FONT><HR size="1" noshade><FONT size="2">
  Thomas P. Salice</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">
  Director
  </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November 20, 2003</FONT></TD>
  </TR>
  </TABLE>
  </CENTER>
  
  <P align="center"><FONT size="2">&nbsp;</FONT>
  
  
  
  
  </BODY>
  </HTML>
metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "b48537wcsv8.htm", "description": "WATERS CORPORATION", "secsgml_size_bytes": 41036}]
metadata_filer: {"company-data": {"conformed-name": "WATERS CORP /DE/", "cik": "0001000697", "assigned-sic": "3826", "irs-number": "133668640", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-110613", "film-number": "031014249"}, "business-address": {"street1": "34 MAPLE ST", "city": "MILFORD", "state": "MA", "zip": "01757", "phone": "5084782000"}, "mail-address": {"street1": "34 MAPLE STREET", "city": "MILFORD", "state": "MA", "zip": "01757"}, "former-company": {"former-conformed-name": "WCD INVESTORS INC /DE/", "date-changed": "19960605"}}
text: Waters Corporation
  Table of Contents
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM S-8
  REGISTRATION STATEMENT UNDER
  THE SECURITIES ACT OF 1933
  WATERS CORPORATION
  (Exact Name of Registrant as Specified in its Charter)
  DELAWARE
  13-3668640
  (State or Other Jurisdiction of Incorporation
  (I.R.S. Employer
  or Organization)
  Identification No.)
  34 Maple Street, Milford, MA 01757
  (Address of Principal Executive Offices) (Zip Code)
  WATERS CORPORATION
  2003 EQUITY INCENTIVE PLAN
  (Full Title of the Plan)
  Mark T. Beaudouin, Esq.
  WATERS CORPORATION
  34 Maple Street
  Milford, Massachusetts 01757
  (Name and Address of Agent for Service)
  (508) 478-2000
  Telephone Number, Including Area Code, of Agent for Service
  Copies to:
  Victor J. Paci, Esq.
  BINGHAM MCCUTCHEN LLP
  150 Federal Street
  Boston, MA 02110-1726
  (617) 951-8000
  CALCULATION OF REGISTRATION FEE
  Proposed
  Proposed
  Amount
  Maximum
  Maximum
  Amount Of
  Title Of
  To Be
  Offering Price
  Aggregate
  Registration
  Securities To Be Registered
  Registered (1)
  Per Share (1)
  Offering Price (1)
  Fee
  Common Stock,
  $0.01 par value
  5,697,290
  $
  30.34
  $
  172,855,778.60
  $
  13,984.03
  (1)      The proposed maximum offering price has been estimated pursuant
  to Rule 457(h) solely for the purpose of calculating the
  registration fee. It is not known how many of these shares will be
  purchased or at what price. The estimate of the proposed maximum
  aggregate offering price has been calculated based on the offering
  of all 5,697,290 shares registered hereunder pursuant to the 2003
  Equity Incentive Plan, at a price of $30.34 per share, which is the
  average of the high and low prices of the Registrant's Common Stock
  as listed on the New York Stock Exchange on November 18, 2003.
  TABLE OF CONTENTS
  PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.    Incorporation of Documents by Reference
  Item 4.    Description of Securities
  Item 5.    Interests of Named Experts or Counsel
  Item 6. Indemnification of Directors and Officers
  Item 7. Exemption from Registration Claimed
  Item 8. Exhibits
  Item 9.  Undertakings
  SIGNATURES
  EX-4.1 2003 Equity Incentive Plan
  EX-5.1 Opinion of Bingham McCutchen LLP
  EX-23.2 Consent of PricewaterhouseCoopers LLP
  Table of Contents
  PART I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  The information required by Part I is included in documents sent or given
  by Waters Corporation (the "Corporation") to the participants in the Waters
  Corporation 2003 Equity Incentive Plan (the "Plan").
  PART II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.
  Incorporation of Documents by Reference.
  The Corporation incorporates by reference the documents listed below which
  it has filed with the SEC under Section 13(a), 13(c), 14 or 15(d) of the
  Securities Exchange Act of 1934 (the "Exchange Act"):
  --
  Annual Report on Form 10-K for the year ended December 31, 2002;
  --
  Quarterly Reports on Form 10-Q for the quarters ended March 31, 2003,
  June 30, 2003 and September 30, 2003;
  --
  Current Reports on Form 8-K filed on January 30, 2003, April 22, 2003,
  July 25, 2003 and October 22, 2003; and
  --
  the description of the Corporation's common stock contained in the
  Corporation's registration statement on Form 8-A filed with the SEC on
  October 19, 1995, including any amendments or reports filed for the
  purpose of updating that description.
  All documents filed after the date of this Registration Statement by the
  Corporation pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act
  prior to the filing of a post-effective amendment 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 part thereof from the date of filing such
  documents.
  Item 4.
  Description of Securities
  Not applicable.
  Item 5.
  Interests of Named Experts or Counsel
  Not applicable.
  Table of Contents
  Item 6.
  Indemnification of Directors and Officers
  Section 145 of the General Corporation Law of the State of Delaware (the
  "Corporation Law") permits indemnification of directors, officers, employees
  and agents of corporations under certain conditions and subject to certain
  limitations. The Corporation's certificate of incorporation, as amended,
  provides for the indemnification of directors and officers of the Corporation
  to the fullest extent permitted by Section 145.
  In addition, the by-laws of the Corporation provide that the Corporation
  shall indemnify to the fullest extent authorized by law any person made or
  threatened to be made a party to an action, suit or proceeding, whether
  criminal, civil, administrative or investigative, by reason of the fact that
  he, his testator or intestate is or was a director, officer, employee or agent
  of the Corporation or is or was serving, at the request of the Corporation, as
  a director, officer, employee or agent of another corporation, partnership,
  joint venture, trust or other enterprise.
  In addition, pursuant to certain Indemnification Agreements dated August
  18, 1994 (the "Indemnification Agreements") between the Corporation and its
  directors and executive officers, the Corporation agreed to indemnify such
  directors and executive officers to the fullest extent permitted by the laws of
  the State of Delaware. Among other things, the Indemnification Agreements
  provide indemnification procedures, advancement of expenses during proceedings
  subject to indemnification and mechanisms for reviewing executive conduct in
  connection with a claim for indemnification.
  Item 7.
  Exemption from Registration Claimed
  Not applicable.
  Item 8.
  Exhibits
  The following exhibits are filed as part of this registration statement:
  4.1
  Waters Corporation 2003 Equity Incentive Plan
  5.1
  Opinion of Bingham McCutchen LLP with respect to the legality of the shares being registered
  23.1
  Consent of Bingham McCutchen LLP (included in Exhibit 5.1)
  23.2
  Consent of PricewaterhouseCoopers LLP
  24.1
  Power of Attorney (included in signature page to registration statement)
  Table of Contents
  Item 9.
  Undertakings
  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 the 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. Notwithstanding the foregoing, any
  increase or decrease in volume of securities offered (if the total dollar
  value of securities offered would not exceed that which was registered)
  and any deviation from the low or high end of the estimated maximum
  offering range may be reflected in the form of prospectus filed with the
  Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
  volume and price represent no more than 20 percent change in the maximum
  aggregate offering price set forth in the "Calculation of Registration
  Fee" table in the effective registration statement; (iii) to include any
  material information with respect to the plan of distribution not
  previously disclosed in the Registration Statement or any material change
  to such information in the Registration Statement;
  provided, however
  ,
  that (i) and (ii) do not apply if the registration statement is on Form
  S-3 or Form S-8, and the information required to be included in a
  post-effective amendment by those paragraphs is contained in periodic
  reports filed by the Corporation pursuant to Section 13 or Section 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.
  (4)
  That, for purposes of determining any liability under the Securities Act,
  each filing of the Corporation's annual report pursuant to Section 13(a)
  or 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.
  (5)
  Insofar as indemnification for liabilities arising under the Securities
  Act may be permitted to directors, officers and controlling persons of the
  Corporation pursuant to the foregoing provisions, or otherwise, the
  Corporation has been advised that in the opinion of the 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
  Corporation of expenses incurred or paid by a director, officer or
  controlling person of the Corporation 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
  Corporation 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.
  Table of Contents
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, as amended,
  the registrant, Waters Corporation, 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 Milford, Commonwealth of
  Massachusetts, on this 20
  th
  day of November, 2003.
  WATERS CORPORATION
  By:
  /s/ John A. Ornell
  John A. Ornell
  Vice President, Finance and Administration and
  Chief Financial Officer
  POWER OF ATTORNEY
  Each person whose signature appears below hereby appoints Douglas A.
  Berthiaume and Mark T. Beaudouin and each of them severally, acting alone and
  without the other, his/her true and lawful attorney-in-fact with the authority
  to execute in the name of each such person, and to file with the Securities and
  Exchange Commission, together with any exhibits thereto and other documents
  therewith, any and all amendments (including without limitation post-effective
  amendments) to this registration Statement on Form S-8 necessary or advisable
  to enable the registrant to comply with the Securities Act of 1933, as amended,
  and any rules, regulations, and requirements of the Securities and Exchange
  Commission in respect thereof, which amendments may make such other changes in
  the registration Statement as the aforesaid attorney-in-fact executing the same
  deems appropriate.
  Pursuant to the requirements of the Securities Act of 1933, this
  Registration Statement has been signed by the following persons in the
  capacities and on the date indicated.
  Signature
  Title
  Date
  /s/ Douglas A. Berthiaume
  Douglas A. Berthiaume
  Chairman of the Board of
  Directors, President and
  Chief Executive Officer
  (Principal Executive Officer)
  November 20, 2003
  /s/ John A. Ornell
  John A. Ornell
  Vice President, Finance and
  Administration and Chief
  Financial Officer (Principal
  Financial Officer and
  Principal Accounting
  Officer)
  November 20, 2003
  /s/ Joshua Bekenstein
  Joshua Bekenstein
  Director
  November 20, 2003
  /s/ Michael J. Berendt, Ph.D.
  Michael J. Berendt, Ph.D.
  Director
  November 20, 2003
  /s/ Philip Caldwell
  Philip Caldwell
  Director
  November 20, 2003
  /s/ Edward Conard
  Edward Conard
  Director
  November 20, 2003
  /s/ Laurie H. Glimcher, M.D.
  Laurie H. Glimcher, M.D.
  Director
  November 20, 2003
  Table of Contents
  Signature
  Title
  Date
  /s/ William J. Miller
  William J. Miller
  Director
  November 20, 2003
  /s/ Thomas P. Salice
  Thomas P. Salice
  Director
  November 20, 2003