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 June 2008

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 June 30, 2008 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	Brookfield Renewable Power Completes US$120 Million Financing for Brazilian Hydro Facility

 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: June 30, 2008	By:	/s/ B. D. Lawson
		Name: B. D. Lawson Title: Managing Partner & CFO

 

EX-99.1

Exhibit 99.1

News Release

Brookfield Renewable Power Completes US$120 Million Financing

for Brazilian Hydro Facility

Gatineau, Québec, June 30, 2008 – Brookfield Renewable Power Inc. announced today that it has completed a US$120 million project financing in connection with the recent acquisition of the Itiquira hydroelectric generating facility in the State of Mato Grosso, Brazil.

The financing was provided by Calyon, the corporate and investment banking arm of the Credit Agricole Group, and Export Development Canada (EDC).

“This financing supports our growth strategy and is indicative of the high quality of our hydro assets such as Itiquira,” said Richard Legault, President and Co-Chief Executive Officer of Brookfield Renewable Power.

The Itiquira acquisition has greatly expanded Brookfield Renewable Power’s operating portfolio in Brazil, now consisting of 470 MW of installed capacity across 29 hydroelectric stations based mainly in the South, Southeast and Midwest regions of the country. The company also has several facilities under construction in Brazil and a significant pipeline of development opportunities.

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About Brookfield Renewable Power

Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities.  Its total portfolio includes more than 160 generating facilities with approximately 4,000 megawatts of capacity. It also has a 6,700 megawatt hydroelectric and wind project pipeline. Brookfield Renewable Power’s operations are primarily located in North America and Brazil.  Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has approximately US$95 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power’s website at www.brookfieldpower.com and Brookfield Asset Management’s website at www.brookfield.com.

Zev Korman

Director, Investor Relations & Communications

Tel: (416) 359-1955  e-mail: zkorman@brookfield.com