Form S-8 POS

                                                      Registration No. 333-12028

      As filed with the Securities and Exchange Commission on September 30, 2004

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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                         POST-EFFECTIVE AMENDMENT NO. 1

                                       TO

                                    FORM S-8

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                                     ALSTOM

             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                  France                               Not Applicable
     ----------------------------------       -----------------------------
     (State or other jurisdiction of                    (IRS Employer
      incorporation or organization)                 Identification No.)

                             3 avenue André Malraux,
                          92300 Levallois-Perret Cedex, France
                  --------------------------------------------
                    (Address of Principal Executive Offices)


                   ALSTOM Employee Share Purchase Scheme 2000
                                       and
                          ALSTOM Stock Option Plan 2000
                  --------------------------------------------
                            (Full title of the plans)

                             Thomas E. Liggett, Esq.
                                   ALSTOM Inc.
                                  P.O. Box 500
                               2000 Day Hill Road
                                Windsor, CT 06095
        ----------------------------------------------------------------
            (Name, address and telephone number of agent for service)

                       Copy to: Gloria W. Nusbacher, Esq.
                            Hughes Hubbard & Reed LLP
                             One Battery Park Plaza
                              New York, N.Y. 10004



DEREGISTRATION OF UNSOLD SECURITIES

The  registrant  hereby  de-registers  any and all  Ordinary  Shares  originally
registered  hereunder  which have not been issued.  All shares offered under the
ALSTOM  Employee Share Purchase Scheme 2000 have either been purchased or are no
longer  available for purchase  under such plan.  All stock options issued under
the ALSTOM Stock Option Plan 2000 have expired by their terms and no  additional
shares may be issued or sold under such plan.







Item 8.  Exhibits



Number        Description                   Method of Filing

24.2          Powers of Attorney            Filed herewith



                                   SIGNATURES

          Pursuant  to the  requirements  of the  Securities  Act of  1933,  the
Registrant  has  duly  caused  this  Post-Effective   Amendment  No.  1  to  its
Registration  Statement  on  Form  S-8  to  be  signed  on  its  behalf  by  the
undersigned,  thereunto duly authorized,  in the City of Paris,  France, on this
30th day of September, 2004.

                                        ALSTOM



                                        By: /s/ Patrick Kron
                                            ------------------------------------
                                            Patrick Kron
                                            Chairman & Chief Executive Officer


          Pursuant  to the  requirements  of the  Securities  Act of 1933,  this
Post-Effective  Amendment  No. 1 to the  Registration  Statement on Form S-8 has
been signed below by the following  persons in the capacities  indicated on this
30th day of September, 2004.

Signature                                  Capacity



                    *                      Chairman and Chief Executive Officer
----------------------------------------   and a Director
              Patrick Kron



                    *                      Chief Financial Officer
----------------------------------------
             Philippe Jaffré


                    *                      Principal Accounting Officer
----------------------------------------
              James Milner



                                           Director
----------------------------------------
            Jean-Paul Béchat



                                           Director
----------------------------------------
            Candace Beinecke



                   *                       Director
----------------------------------------
             James B. Cronin



Signature                                  Capacity



                    *                      Director
----------------------------------------
            Pascal Colombani



                    *                      Director
----------------------------------------
       Georges Chodron de Courcel



                                           Director
----------------------------------------
              Gérard Hauser



                    *                      Director
----------------------------------------
              James W. Leng



                    *                      Director
----------------------------------------
         Denis Samuel-Lajeunesse



                    *                      Director
----------------------------------------
             George Simpson



                    *                      Director
----------------------------------------   in the United States
            Thomas E. Liggett



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* By /s/ Patrick Kron
     -----------------------------------
      as authorized by Power of Attorney
      filed as Exhibit 24.2 to this
      Registration Statement



                                  EXHIBIT INDEX



Number         Description                  Method of Filing

24.2           Powers of Attorney           Filed herewith