Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Loney Roger A
 2. Date of Event Requiring Statement (Month/Day/Year)
01/26/2005		 3. Issuer Name and Ticker or Trading Symbol
BOWATER INC [BOW]
(Last)
(First)
(Middle)
55 EAST CAMPERDOWN WAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP-Newsprint Operations
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

GREENVILLE, SC 29601		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 1,243.0918
I
401 (K) Plan
Common Stock 1,356
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   (1) 01/30/2011 Common Stock 10,000 $ 51.93 D  
Stock Option (rigfht to buy)   (1) 01/29/2012 Common Stock 10,000 $ 47.025 D  
Stock Option (right to buy)   (1) 01/28/2013 Common Stock 10,000 $ 40.74 D  
Stock Option (right to buy) 01/27/2005(3) 01/27/2014 Common Stock 10,000 $ 45.02 D  
Stock Option (right to buy) 01/25/2006(3) 01/25/2015 Common Stock 10,000 $ 37.295 D  
Stock Appreciation Right   (2) 01/17/2006 Common Stock 1,250 $ 34.875 D  
Stock Appreciation Right   (2) 01/22/2007 Common Stock 1,250 $ 41.875 D  
Stock Appreciation Right   (2) 01/27/2008 Common Stock 1,250 $ 48.9688 D  
Stock Appreciation Right   (2) 01/26/2009 Common Stock 3,000 $ 41.0313 D  
Stock Appreciation Right   (2) 01/25/2010 Common Stock 3,000 $ 48 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Loney Roger A
55 EAST CAMPERDOWN WAY
GREENVILLE, SC 29601		       VP-Newsprint Operations  

Signatures

Roger A. Loney 02/01/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These options are all exercisable.
(2) These rights are all exercisable.
(3) One half of the options are/were exercisable on the noted date and the remaining half are exercisable one year later unless the exercisability is accelerated by the committee administering the Plan.

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