FORM 4
		
		
			UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
       Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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        OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response. . .. 0.5
(Print or Type Responses) 1. Name and Address of Reporting Person*
Conard Edward 2. Issuer Name and Ticker or Trading Symbol
Waters Corp. WAT 6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
 X  Director      10% Owner
     Officer (give title below)      Other (specify below)
(Last)                       (First)                        (Middle)

34 Maple Street 3. I.R.S. Identification
Number of Reporting
Person, if an entity
(voluntary)

4. Statement for Month/Day/Year
03/05/03 (Street)

Milford MA 01757 5. If Amendment, Date of Original (Month/Day/Year)
7. 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 Acquired, Disposed of, or Beneficially Owned 1. Title of Security
(Instr. 3)
2. Transaction Date
(Month/Day/Year)
2A. Deemed
Execution Date,
if any
(Month/Day/Year)
3. Transaction
Code
(Instr. 8)
4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of
Securities
Beneficially
Owned Following
Reported
Transaction(s)
(Instr. 3 and 4)
6. Ownership Form:
Direct (D) or
Indirect (I)
(Instr. 4)
7. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
Code V Amount (A) or (D) Price                                                                                                                                                                                                                                     Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr.3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date
(Month/Day/Year)
3A. Deemed
Execution Date,
if any
(Month/Day/Year)
4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exerciseable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Securities: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares  Phantom Stock Units  1.  03/05/03  03/05/03  A    321.51    03/05/03  2.  Common Stock  321.51    321.51  D                                                                                                                                                                                                                                                                                                  
Explanation of Responses: 1. COMMON STOCK UNITS ARE CONVERTIBLE INTO COMMON STOCK SHARES ON A ONE TO ONE RATIO.
2. UPON RESIGNATION AS DIRECTOR      /S/ EDWARD CONARD   03/05/03     **Signature of Reporting Person Date     Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

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