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 August 2007

Commission File Number: 033-97038

BROOKFIELD ASSET MANAGEMENT INC.

(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  o  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 o  No  x

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

INCORPORATION BY REFERENCE

The Form 6-K of Brookfield Asset Management Inc. dated August 1^st, 2007 and the exhibit thereto are hereby incorporated by reference as exhibits to Brookfield Asset Management Inc.’s registration statement on Form F-9 (File No. 333-112049).

EXHIBIT LIST

Exhibit	Description
99.1	Press Release, Dated August 1st, 2007, BROOKFIELD POWER ACQUIRES HYDROELECTRIC PLANT IN NEW YORK

 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.

	BROOKFIELD ASSET MANAGEMENT INC.
Date: August 1, 2007	By:	/s/ B. D. Lawson
		Name: B. D. Lawson Title: Managing Partner & CFO

 

EX-99.1

News Release

Brookfield Power Acquires Hydroelectric Plant in New York

Gatineau, Quebec, August 1, 2007– Brookfield Power announced today that it has concluded an agreement with Finch Paper LLC to acquire a hydroelectric facility in Glens Falls, New York for an undisclosed purchase price.

Located on the Upper Hudson River, the run-of-river facility has a total installed capacity of 12 megawatts (MW) and produces approximately 60 gigawatt hours (GWh) of energy annually. The energy produced by the facility will be sold under a long-term contract with the Glens Falls paper mill that is owned by Finch Paper LLC.

The transaction closed on August 1, 2007. 

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About Brookfield Power

Brookfield Power comprises the power generating, distribution and marketing operations of Brookfield Asset Management Inc. The Brookfield Power portfolio of assets owned or under management comprise over 3,800 megawatts of capacity and include over 140 hydroelectric power generating stations located on 52 river systems, 1 pumped storage facility, 1 wind farm and 2 thermal plants. (www.brookfieldpower.com). Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$70 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM. (www.brookfield.com).

Brookfield Power

Grace Pollock

Director, Investor Relations

Tel: (819) 561-8072

e-mail: grace.pollock@brookfieldpower.com