6-K

                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                        REPORT OF FOREIGN PRIVATE ISSUER

                        PURSUANT TO RULE 13a-16 OR 15d-16
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                         For the month of February 2004

                        Commission File Number: 033-97038

                               BRASCAN CORPORATION
                 (Translation of registrant's name into English)

                                   BCE PLACE
                                   SUITE 300
                          181 BAY STREET, P.O. BOX 762
                        TORONTO, ONTARIO, CANADA M5J 2T3
                    (Address of principal executive offices)

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

                        Form 20-F _____ Form 40-F __X___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
                permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
                permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this
     Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                               Yes _____ No __X__

If "Yes" is marked, indicate below the file number assigned to the registrant in
                   connection with Rule 12g3-2(b): 82- ________



                                  EXHIBIT LIST



Exhibit                            Description
- -------                            -----------
         
 99.1       Press release, dated February 5, 2004, regarding offer for Canary
            Wharf Group PLC





                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

Date: February 5, 2004

                                 BRASCAN CORPORATION

                                 By: /s/ Jeffrey M. Blidner
                                     ---------------------------------------
                                     Name: Jeffrey M. Blidner
                                     Title: Managing Partner

EX-99.1

                                                                    EXHIBIT 99.1

[BRASCAN LOGO]                                                      NEWS RELEASE

          BRASCAN CORPORATION CONFIRMS THE ANNOUNCEMENT OF AN OFFER FOR
                 CANARY WHARF GROUP PLC OF 270 PENCE PER SHARE

              OFFER TOTALLING L1.58 BILLION (US$2.90 BILLION)

   NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN OR INTO THE UNITED STATES,
 AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO
SO. THIS IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES
 MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE
             U.S. SECURITIES ACT OR AN EXEMPTION FROM REGISTRATION.

LONDON, U.K., FEBRUARY 5, 2004 - Brascan Corporation ("Brascan") (BNN: NYSE,
TSX) today confirmed that CWG Acquisition Limited ("CWG Acquisition"), a company
formed at the direction of Brascan and certain institutional investors, has
announced the terms of an offer (the "Offer") to acquire Canary Wharf Group plc.

Brascan, British Columbia Investment Management Corporation ("bcIMC"), Ontario
Teachers' Pension Plan Board ("Ontario Teachers") and funds managed by Hermes
Pensions Management Limited ("Hermes") will all invest, indirectly, in CWG
Acquisition Limited.

                                    THE OFFER

The Offer will consist of an all cash offer of 270 pence for each Canary Wharf
Share ("the Cash Offer") with a share alternative ("the Share Alternative")
consisting of, in respect of each Canary Wharf Share, the opportunity to elect
for one share (an "AIM share") in a company that has been formed for the purpose
of enabling Canary Wharf Shareholders to hold an ongoing interest in Canary
Wharf, in lieu of 25 pence in cash which would otherwise have been made
available under the Cash Offer. An additional share election facility will be
available.

The Offer will value Canary Wharf's existing issued share capital at
approximately L1.58 billion (US$2.90 billion) and at an enterprise value
of approximately L5.26 billion (US$9.65 billion) (based on Canary Wharf'S
net debt of L3.68(1) billion (US$6.75 billion) as at June 30, 2003).

- --------------------
(1)  Canary Wharf's net debt does not take into account the sale to The Royal
     Bank of Scotland plc of the leasehold interests in the properties situated
     at 25 Canada Square and 5 Canada Square that was completed on 22 December
     2003.



"CWG Acquisition's Offer provides shareholders with a superior cash price for
their shares and also allows shareholders an opportunity to participate in the
future of Canary Wharf, augmented by the involvement of Brascan and its
institutional partners. We are excited to have the opportunity to invest with
Hermes, bcIMC and Ontario Teachers in this Offer," commented Bruce Flatt,
President and Chief Executive Officer of Brascan.

FINANCING OF CWG ACQUISITION

Financing for the Offer is being provided in part through a senior credit
facility of up to L800 million Being provided by Deutsche Bank and Royal
Bank of Canada. Brascan, bcIMC, Ontario Teachers and Hermes have committed to
provide the equity financing necessary to complete the Offer as follows:
L150 million by Ontario TeacHers; L150 million by bcIMC; and
L70 million by Hermes (L50 million by the BT Pension Scheme and
L20 million by the Royal Mail Pension Plan), with the balance being
provided by Brascan. In the event that Brascan's commitment exceeds a specified
amount, it has the ability to syndicate a portion of its position to other
qualified investors. In addition, Canary Investments (a subsidiary of certain
Reichmann family interests) will invest L53.8 million in the consortium
provided that certain conditions for such investment are satisfied.

CONDITIONS

The Offer is subject to a number of conditions, including receipt of valid
acceptances in respect of Canary Wharf shares, which, when aggregated with any
Canary Wharf shares held by CWG Acquisition and any further Canary Wharf shares
which CWG Acquisition has contracted to acquire, together, amount broadly to
more than 50% of the share capital of Canary Wharf.

In addition, the Share Alternative is conditional upon receipt of valid
acceptances of Canary Wharf Shares, which, when aggregated with any Canary Wharf
shares which are held by CWG Acquisition and any further Canary Wharf shares
which CWG Acquisition has contracted to acquire, together, amount broadly to
more than 75% of the share capital of Canary Wharf. In addition, the
availability of the Share Alternative is conditional upon the successful listing
of the AIM shares on the Alternative Investment Market of the London Stock
Exchange and the achievement of a minimum level of take-up of AIM shares.

NEXT STEPS

The formal offer for the shares of Canary Wharf will be made by an offer
document which will be posted to Canary Wharf Shareholders in due course.

As previously announced, a subsidiary of Brascan currently owns approximately 9%
of the shares of Canary Wharf, which it acquired in April and May 2003. As part
of this transaction, these shares will be sold for cash at the offer price to
CWG Acquisition.



CANARY WHARF IN PROFILE

Canary Wharf is an office property company, which owns quality office assets and
associated retail facilities in London, U.K. with a market value of L5.76
billion (US$10.75 billion). The acquisition of Canary Wharf will rEsult in the
acquisition of the following assets:

         -        9.8 million square feet of office and associated retail space
                  which includes 8.8 million square feet of completed properties
                  and 1.0 million square feet currently under construction; and

         -        development lands and rights to build an additional 5.7
                  million square feet of office and retail space.

STRATEGIC FIT WITH BRASCAN

Brascan owns and operates a broad array of real estate and real estate related
operations, including major office property operations, property brokerage, real
estate investment banking, home building, land development, real estate business
services and bridge and mezzanine lending both for Brascan and institutional and
other partners.

Brascan owns one of the highest quality office property portfolios in North
America, distinguished by the size, quality and prime locations of its
properties. Located primarily in downtown business districts in major North
American cities, Brascan's portfolio of 55 office properties features primarily
large Class A office towers and represent approximately 48 million square feet
in total.

                                      *****

BRASCAN CORPORATION is an asset management company. With a focus on real estate
and power generation, the company has direct investments of $16 billion and a
further $5 billion of assets under management. This includes 55 premier office
properties and 45 power generating plants. The company is listed on the New York
and Toronto stock exchanges under the symbol BNN and BNN.a, respectively.

                                      -30-

FOR MORE INFORMATION, PLEASE VISIT OUR WEB SITE AT WWW.BRASCANCORP.COM OR
CONTACT:

KATHERINE C. VYSE                              IN THE U.K.
Senior Vice-President                          Martin Leeburn
Investor Relations and Communications          The Maitland Consultancy
Tel:     416-369-8246                          Tel: 011-44-207-395-5151
e-mail:  kvyse@brascancorp.com                 email: mleeburn@maitland.co.uk



Note: AIM shares have not been and will not be registered under the US
Securities Act or the securities laws of any state of the United States, or
under the applicable securities laws of Australia or Japan. Accordingly, the AIM
shares may not be offered, sold or delivered, directly or indirectly, in or into
the United States, Australia or Japan except pursuant to exemptions from
applicable requirements of such jurisdictions.

The availability of the Offer to Canary Wharf shareholders who are not resident
in the United Kingdom may be affected by the laws of relevant jurisdictions.
Canary Wharf shareholders who are not resident in the United Kingdom should
inform themselves about and observe any applicable requirements.

This press release contains "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended. The words
"believe", "expect", "anticipate", "intend", "estimate" and other expressions
which are predictions of or indicate future events and trends and which do not
relate to historical matters identify forward looking statements. Reliance
should not be placed on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of Brascan to differ materially from
anticipated future results, performance or achievement expressed or implied by
such forward-looking statements. Factors that could cause actual results to
differ materially from those set forward in the forward looking statements
include general economic conditions, interest rates, availability of equity and
debt financing and other risks detailed from time to time in the company's 40-F
filed with the Securities and Exchange Commission. Brascan undertakes no
obligation to publicly update or revise any forward looking statements, whether
as a result of new information, future events or otherwise.

This announcement does not constitute an offer or invitation to purchase any
securities or a solicitation of an offer to buy any securities, pursuant to the
Offer or otherwise.