8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

OF 1934

Date of Report (Date of earliest event reported): November 2, 2005

AMERICAN ECOLOGY CORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE	0-11688	95-3889638
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)
Lakepointe Centre I, 300 E. Mallard, Suite 300 Boise, Idaho (Address of principal executive offices)		83706 (Zip Code)

(208) 331-8400

(Registrant’s telephone number, including area code)

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Item 8.01. Other Events

The Company periodically gives investment presentations to current and prospective investors. A copy of the presentation is available on the Company’s website.

A copy of the presentation is attached as Exhibit 99 and incorporated by reference herein.

Exhibit 99 AMERICAN ECOLOGY CORPORATION INVESTMENT PRESENTATION

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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.

	AMERICAN ECOLOGY CORPORATION
	(Registrant)
Date: November 2, 2005	By:  /S/ Michael J. Gilberg
	Michael J. Gilberg
	Vice President and Controller,

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EXHIBIT INDEX

Exhibit	Description
Exhibit 99	AMERICAN ECOLOGY CORPORATION INVESTMENT PRESENTATION

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EX-99

1

Oct/Nov 2005

American Ecology Corporation
Investment Presentation

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Safe Harbor

During the course of this presentation the Company will be making
“forward-looking statements” within the meaning of Section 27(a) of the
Securities Act of 1933 and Section 21(e) of the Securities and
Exchange Act of 1934.  Certain statements involve risks and
uncertainties and are intended to qualify for the safe harbors from
liability established by the Private Securities Litigation Reform Act of
1995.  These risks and uncertainties may cause actual results to differ
materially from expected results and are described in detail in
Securities and Exchange Commission filings made by American
Ecology Corporation in Form 10-K for the year ended December 31,
2004 and Form 10-Q for the quarter ended September 30, 2005.

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Innovative Customer Service Second To None

American Ecology’s Mission

Create shareholder value as nation’s preferred
provider of innovative, cost-effective hazardous and
low-level radioactive waste treatment and disposal
services at four company-owned facilities.

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Strong Brand Recognition

Company History

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More than 50 years of industry experience

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Public since 1983 (previous Teledyne subsidiary)

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Strong performance in 1980s

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Disappointing 1990s following non-core acquisitions

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Strong growth since Idaho site acquisition, new
management team in 2001 & exit from non-core
businesses

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=  3 Nuclear

= 18  Hazardous

RICHLAND,  WA

GRAND VIEW, ID

CORPUS CHRISTI, TX

BEATTY, NV

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American Ecology
Business Fundamentals

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Uniquely diverse service mix

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Focused growth strategy

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Solid sales outlook

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Lean overhead structure & efficient business systems

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Growth with a dividend

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Uniquely Diverse Service Mix

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Only U.S. company with full suite of hazardous, PCB,
low activity radioactive material & low-level
radioactive waste disposal approvals

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Bundled rail transport & disposal positioned
company to win Kaiser (OK) & Honeywell (NJ)
clean-up contracts & other large projects

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Focus On Execution

Focused Growth Strategy

1.

Stick to core competency: treatment & disposal

2.

Take advantage of operating leverage

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Price commodity services aggressively to increase
waste volumes & fall-through to bottom line

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Increase higher margin niche service delivery

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Bundle transport & disposal services

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Premier U.S. Hazardous Waste Site

Grand View, Idaho

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June 2005 Honeywell Contract

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Opportunity to transport 1 million tons + of
hazardous waste from New Jersey site for disposal,
though amount could be reduced by the Courts

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Revenue estimate: $175-$240 million over 4 years

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Gradual project ramp-up to anticipated full
production in mid 2006

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Solid Growth in a Great Desert Location

Beatty, Nevada

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Steady Earnings

Richland, Washington

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Greatest Future Growth Potential

Robstown, Texas

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* 2005 volumes represent nine months

Increased Waste Volumes

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* 2005 revenue represents nine months

Growing Revenue

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* 2005 operating income represents nine months

Increasing Operating Income

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* 2005 EBITDA represents nine months

Increasing Cash Flow

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Through September 2005

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$56.1 million in YTD revenue

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$14.1million YTD operating income

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Idaho again leads way but all four sites profitable

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Almost $24 million in cash on hand at quarter-end

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Increasing Shareholder Return

Shareholder Dividends

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$0.25 annual dividend paid in 2004

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Increased to $0.15 quarterly dividend ($2.6 million) in
2005

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Board intent to pay ongoing quarterly dividends

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Strong cash flow allows dividend payment while
pursuing growth strategy

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Capital Spending:
Investing for Future Growth

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$12.1 million spent YTD in 2005

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Idaho disposal cell & rail transfer station expansion

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New indoor treatment building, disposal expansion &
land acquisition in Texas

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First treatment building in Nevada

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Gondola railcar purchase to improve margins on
bundled transport & disposal contracts

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Outlook

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Expect to exceed 15% target for growth in operating
income over 2004

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Will announce Q4 2005 and Full Year 2005 financial
results February 7, 2006

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Will provide 2006 guidance at that time

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Capital investments position us to execute internal
growth strategy

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American Ecology
Investment Highlights

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Oldest, most experienced player in industry

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Uniquely diverse service mix

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Focused growth strategy

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Solid sales outlook

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Growth with a dividend