6-K

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, 2010

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 2, 2010		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 2, 2010	Cameco Corporation
	By:	“Gary M. S. Chad”
		Gary M.S. Chad
		Senior Vice-President, Governance, Law and Corporate Secretary

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EX-1

Exhibit 1

TSX: CCO
NYSE: CCJ website: cameco.com
currency: Cdn (unless noted)

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

Cameco Significantly Increases Dividend For 2011

Saskatoon, Saskatchewan, Canada, December 2, 2010   .   .   .   .   .   .   .   .   .   .   .   .   .

Cameco (TSX: CCO; NYSE: CCJ) announced today that its board of directors has approved a 43% increase in the annual cash dividend to $0.40 from $0.28 per share beginning in 2011. This will be the seventh time Cameco has increased its dividend in nine years.

“The substantial increase in our annual dividend demonstrates our confidence in our business and in the long-term fundamentals of the uranium market,” said Cameco CEO Jerry Grandey. “Cameco is the only investment opportunity in our industry with the financial strength to substantially increase dividends while undertaking an ambitious growth program.”

The company’s board of directors also declared a quarterly cash dividend of $0.07 per common share, payable on January 14, 2011 to shareholders of record on December 31, 2010.

Profile

Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world’s largest uranium producers. 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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Investor inquiries:	Bob Lillie	(306) 956-6639
Media inquiries:	Rob Gereghty	(306) 956-6190

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