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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934

For the month of December, 2007

Cameco Corporation

(Commission file No. 1-14228)

2121 – 11th Street West
Saskatoon, Saskatchewan, Canada S7M 1J3

(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 þ

Indicate by check mark whether the registrant by furnishing the information contained in this Form 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 þ

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

Exhibit Index


Exhibit No.	Description	Page No.
1.	Press Release dated December 11, 2007		3

SIGNATURE

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: December 11, 2007	Cameco Corporation
	By:	“Gary M.S. Chad”
		Gary M.S. Chad, Q.C.
		Senior Vice-President, Governance, Law and Corporate Secretary


TSX: CCO NYSE: CCJ				website: cameco.com currency: Cdn

2121 – 11^th Street West, Saskatoon, Saskatchewan, S7M 1J3 Canada
Tel: (306) 956-6200 Fax: (306) 956-6201

Cameco Approves Dividend Increase for 2008

Saskatoon, Saskatchewan, Canada, December 11, 2007 . . . . . . . . . . . . . . . . . . .

Cameco Corporation announced today that its board of directors has approved an increase in the annual cash dividend to $0.24 from $0.20 per share beginning in 2008. This represents a 20% increase in Cameco’s cash dividend and will be the fifth increase in six years. Cameco has consistently paid dividends since its shares began trading in 1991.

The company’s board of directors also declared a quarterly cash dividend of $0.05 per common share, payable on January 15, 2008 to shareholders of record on December 31, 2007.

Cameco, with its head office in Saskatoon, Saskatchewan, is the world’s largest uranium producer. The company’s uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco’s shares trade on the Toronto and New York stock exchanges.

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Inquiries:		Lyle Krahn		(306) 956-6316