UNITED STATES SECURITIES AND EXCHANGE COMMISSION 
  Washington, D.C. 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 March 2006

Commission File Number: 001-15248

VEOLIA ENVIRONNEMENT(Exact name of registrant as specified in its charter)

36-38, avenue Kléber 
  75116 Paris, France(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  x |  | Form 40-F  o
|------------ |  | ------------

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 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  x
|------ |  | -----

If Yes marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________



---









Paris, March 13th, 2006



|
|

|Results for fiscal year 2005Significant improvement in results
|--------------------------------------------------------------

|Consolidated revenue(1): €25.2 billion, up 12.2% at current exchange rates (+11.4% at constant exchange rates)
      Recurring operating income(2): €1,903.6 million,up 17.5% at current exchange rates(+16.0% at constant exchange rates)
      Net income: €623.0 million,up 59.1%from €391.5 million in 2004
      Recurring net income(3): €627.4 million,up 33.3%from €470.8 million in 2004
      Further improvement in theafter-tax return on capital employed to 9.1%,up from 8.3% in 2004
    Recurring net earnings per share: €1.61, up35.3% Net dividend per share: €0.85, up 25.0%(4)
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Meeting on March 9th, 2006, the Board of Directors examined and approved Veolia Environnements financial statements for
2005.

ACCELERATED GROWTH: CONFIRMATION OF STRONG SALES MOMENTUM IN GROWING MARKETS

Consolidated revenue reached €25,245 million, compared to €22,500 million in 2004, a rise of 12.2% at current exchange rates and 11.4% at constant exchange rates.

Veolia Environnement continued its expansion,
  driven by brisk demand in all its businesses. More specifically, in municipal outsourcing, Veolia took over the contract for the municipality of Braunschweig, won new contracts for water in the Czech Republic and in China, for waste management in
  the United Kingdom, for energy services in Italy and Poland and for transportation in the United States. In industrial services, the company won several new contracts, in particular a multi-service contract for PSA Peugeot Citroën in Slovakia
  and an energy services contract for Arjo Wiggins in France.

|(1) | Revenue from ordinary activities                                                                                                                                                                                                                                                                                   
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) | A table reconciling recurring operating income to the company's operating income appears at the end of the press release.                                                                                                                                                                                          
|   
|(3) | Recurring net income corresponds to the recurring part of operating income, other financial income and expenses, the equity in net income of affiliates, and minority interests + standard income tax. A table reconciling
recurring net income to the company's net income appears at the end of the press release
|   
|(4) | Subject to approval by the Annual Shareholders Meeting on May 11, 2006.                                                                                                                                                                                                                                            
|   

---

FURTHER IMPROVEMENT IN PROFITABILITY: STRONG INCREASE IN OPERATING INCOME, IMPROVEMENT OF OPERATING MARGIN.

Recurring operating incomeincreased by 17.5% at current exchange rates (+16% at constant exchange rates) to €1,903.6 million from €1,619.6 million in 2004. This
increase was due to sustained growth of the business, the positive impact of the Veolia 2005 efficiency plan and the greater degree of maturity in the portfolio of contracts built up over the last few years. The operating margin rose to 7.5%, up
from 7.2% in 2004. Operating income rose by 27.8%, to reach €1,892.9 million, compared to €1,480.6 million in 2004. Each of the companys divisions contributed to the improvement in operating income.

- Veolia Water'srecurring operating income rose by 15.8% at constant exchange rates to€1,002.1 million. This was due to excellent
performances in Europe and Asia as well asthe significant increase in results at Veolia Water Solutions and Technologies. Operatingincome increased by 26.0% at current
exchange rates to reach €1,007.3 million,compared to €799.5 million in 2004.
- Veolia Environmental Services' (the waste management division) recurring operatingincome increased 14.5% at constant exchange rates to
€540.5 million. In spite of thesubstantial rise in fuel costs (a negative impact of €13 million), the operating marginimproved further, driven by the combined
effect of productivity gains in France, therampingup of recently won contracts in the United Kingdom and other Europeancountries as well as the very solid contribution
of the waste management business in theUnited States. Operating income reached €530.5 million (€467.5 million in 2004), anincrease of 13.5% at current exchange
rates.
- Veolia Energys recurring operating incomewas €332.0 million, up 23.3% at constantexchange rates. This increase was the
result of steady growth in the energy servicesbusiness in France and a much larger contribution from Central and Southern Europe(Italy and the Iberian Peninsula). Operating
income reached €326.1 million compared to€250.3 million in 2004.
- Veolia Transport posted recurring operating incomeof €114.1 million, an increase of11.0% at constant exchange rates, despite the
negative impact of the rise in fuel costs(€17 million). Operating income was €114.1 million in 2005 compared with €31.4 millionin 2004. The 2004 operating
income was affected by an impairment charge on certainScandinavian operations.

In addition to the growth and increased maturity of contracts, the Veolia 2005 efficiency plan contributed a total of €168 million of net and recurring savings to operating income. Over the past two years
therefore, savings from this plan have had a positive impact of €284 million on operating income, as well as contributing recurring savings of €20 million to other items on the income statement. The goal of €300 million in annual
savings in 2006 as compared to 2003 has therefore been reached a year in advance. The plan is now expected to make an overall impact of €400 million in annual savings by the end of 2006.

|ACTIVE DEBT MANAGEMENT POLICY
|-----------------------------

The cost of net financial debt decreased slightly from €732.1 million in 2004 to €713.4 million in 2005. This decrease largely reflects the reduction in the level of average net financial debt between 2004
and 2005. The cost of borrowing was 5.12% in 2005 compared with 5.04% in 2004. This slight increase was mainly due to rising exchange rates on a number of foreign currencies, particularly the US dollar, to the policy of extending debt maturities
(current average maturity of approximately 7 years) and to an increase in the proportion of debt bearing interest at fixed rates (as opposed to variable).

Other financial income and expenses were €30.5 million in 2005, compared to €46.1 million in 2004, which was higher as a result of certain non-recurring items.

---

|STRONG INCREASE IN NET INCOME
|-----------------------------

Driven by the combined effect of good operating results and tight control of borrowing costs,consolidated net recurring incomerose to€627.4 millionin 2005,an increase of33.3%, over the 2004 amount of €470.8 million. Recurring net earnings per share amounted to €1.61,
an increase of 35%.

Net income reached €623.0 million in 2005 compared to €391.5 million in 2004. The 2004 net income included income from discontinued
  operations (US assets and stake in FCC sold in 2004), resulting in an expense of €105.7 million.

STRONG CASH FLOW GENERATION AND TIGHT MANAGEMENT OF DEBT

Cash flow from operations before tax and interest expense(1)came to €3,687.3 million in 2005 compared with €3,460.6
million in 2004. The 2004 cash flow from operations included €232.8 million in cash flow from discontinued operations sold in 2004.  Restated for this element, cash flow from operations increased 14.2% at current exchange rates. The cash flow
from operations margin increased to 14.6% from 14.3% in 2004.

As such, Veolia Environnement was able to fund all of its maintenance capital expenditures (€1,437 million), as well as growth and development capital expenditures totaling €726 million and changes in working
capital requirements. In addition, the company continued its active asset management policy and disposed of assets amounting to €348.0 million.Free cash flow before new large projects came to
€555.0 million.To drive its future growth, the company made targeted investments of €906 million, a significant part of which was spent on taking on the Braunschweig contracts in Germany in the
water division, the Lodz energy services contract in Poland and the acquisition of the transportation company ATC in the United States, as well as the acquisition of the hazardous waste operations of Shanks in the United Kingdom in Environmental
Services.

After these investments and the dividend payment, net financial debt(2)at year-end was €13.9 billion compared to €13.1
billion at the end of 2004.Economic net debt(3)was €11.1 billioncompared to €10.3 billion at the end of 2004.

The ratio of economic net debt to cash flow from operations had improved byyear-end to 3.0 compared to 3.2 at the end of 2004.

FURTHER IMPROVEMENT IN THE AFTER-TAX RETURN ON CAPITAL EMPLOYED (ROCE)

In line with the objectives set by the company, the after-tax ROCE increased from 8.3% to 9.1% as a result of the increased maturity of contracts, savings from the efficiency plan, and control of capital
employed.





|(1) | Cash flow from operations before tax and interest expense, as defined by the Conseil National de la Comptabilités (CNC) recommendation of October 27th, 2004.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) | Net financial debt = H+I+J-B-G (see balance sheet tables).                                                                                                    
|   
|(3) | Economic net debt = (H+I+J-B-G)  (A+C+D+E+F) (see balance sheet tables).                                                                                     
|   

---

Following the Board of Directors meeting, Veolia Environnement Chairman and Chief Executive Officer Henri Proglio stated,

These strong results highlight the value of our business model, the effects of the investments we have made and the mobilization of all our employees to control costs and improve efficiency. Our performance
has been achieved through strong growth in each of our operations and within the regions we have defined as the priority markets for our business: Europe, North America and select countries within the Asia-Pacific region.

This dynamic confirms the complementary nature of the companys businesses, which was recently reinforced by the creation of the single Veolia brand.

|DIVIDEND
|--------

Taking into account the results, the Board of Directors has decided to propose a net dividend per share of €0.85, representing an increase of 25% over 2004, to the Annual Shareholders Meeting to be held on May 11,
2006.

|OUTLOOK
|-------

For 2006, Veolia Environnement has a revenue growth objective of between 6% and 8%. In addition, the company seeks to achieve operating income growth that outpaces that of revenue, and to generate positive free cash
flow before new large projects.

For the fiscal year 2006 results, Veolia Environnement has an objective of increasing its dividend by at least 15%.

In the medium-term, Veolia Environnement will seek to achieve growth in the range of 6% to 8% per year and further strengthen its leadership position in the environmental services markets in which it operates. Due to
the continued maturity of its contracts and the further implementation of its efficiency plan, Veolia Environnement continues to have an objective of an after-tax return on capital employed of at least 10% in 2007.

|Important Disclaimer.
|---------------------

Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains forward-looking statements within the meaning of the provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements are based on managements current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the
forward-looking statements, including the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates
or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.

Analyst and institutional investor contact: Nathalie Pinon +33 1 71 75 01 67

US Investor contact: Brian Sullivan +(1) 630 371 27 49


Press release also available on our web site: http//veolia-finance.com

---

|CONSOLIDATED BALANCE SHEET                           |               |              
|---------------------------------------------------- | ------------- | -------------
|                                                     |               |              
|                                                    
|CONSOLIDATED BALANCE SHEET: ASSETS(€ m)              | At 31/12/2005 | At 31/12/2004
|                                                     |               |              
|Goodwill                                             | 4,863.1       | 4,383.6      
|Other intangible assets                              | 1,171.5       | 1,059.0      
|Tangible assets                                      | 6,722.0       | 6,137.3      
|Assets linked to concessions                         | 5,629.5       | 4,820.8      
|Investments accounted for using the equity method    | 201.5         | 219.2        
|Investments accounted for using the cost method      | 209.5         | 181.1        
|ALong-term IFRIC 4 financial receivables             | 1,901.9       | 1,693.5      
|Derivative instruments - Asset                       | 249.0         | 424.8        
|BOf which revaluation of hedging instruments at fair | 161.1         | 284.0        
|value                                                |               |              
|Other long-term financial assets                     | 692.5         | 614.7        
|Cof which other long-term financial receivables      | 427.7         | 414.6        
|Deferred tax - Asset                                 | 1,127.3       | 1,122.6      
|                                                     |               |              
|Non-current assets                                   | 22,767.8      | 20,656.6     
|                                                     |               |              
|Inventories and work-in-progress                     | 646.2         | 562.0        
|Accounts receivable                                  | 10,112.3      | 9,261.4      
|DIFRIC 4 short-term financial receivables            | 163.5         | 133.0        
|EOther short-term financial receivables              | 221.2         | 333.0        
|FMarketable securities                               | 60.7          | 189.3        
|GCash and cash equivalents                           | 2,336.1       | 4,660.3      
|                                                     |               |              
|Total current assets                                 | 13,540.0      | 15,139.0     
|                                                     |               |              
|Assets from discontinued operations                  | 1.6           | 30.3         
|                                                     |               |              
|Total assets                                         | 36,309.4      | 35,825.9     
|                                                     |               |              
|                                                    
|                                                     |               |              
|CONSOLIDATED BALANCE SHEET: LIABILITIES(€ m)         | At 31/12/2005 | At 31/12/2004
|                                                     |               |              
|Share capital                                        | 2,039.4       | 2,032.1      
|Additional paid-in capital                           | 6,499.1       | 6,467.6      
|Retained earnings and net income                     | -4,735.9      | -5,276.9     
|Minority interests                                   | 1,890.9       | 1,725.5      
|                                                     |               |              
|Shareholders' equity                                 | 5,693.5       | 4,948.3      
|                                                     |               |              
|Non-current provisions                               | 1,613.6       | 1,283.5      
|HLong-term financial debt                            | 13,722.8      | 12,157.0     
|Derivative instruments  Liability                   | 154.5         | 189.8        
|Other long-term debt                                 | 207.8         | 163.8        
|Deferred tax - Liability                             | 1,124.1       | 933.8        
|                                                     |               |              
|Non-current liabilities                              | 16,822.8      | 14,727.9     
|                                                     |               |              
|Accounts payable                                     | 10,374.3      | 9,576.0      
|Current provisions                                   | 773.8         | 723.0        
|IShort-term financial debt                           | 2,138.2       | 5,426.1      
|JBank overdrafts                                     | 506.8         | 420.1        
|                                                     |               |              
|Total current liabilities                            | 13,793.1      | 16,145.2     
|                                                     |               |              
|Liabilities from discontinued operations             | -             | 4.5          
|                                                     |               |              
|Total liabilities                                    | 36,309.4      | 35,825.9     
|                                                     |               |              
|                                                    
|Net financial debt = H+I+J-B-G                       |               |              
|Economic net debt = (H+I+J-B-G)-(A+C+D+E+F)          |               |              

---





|                                                   |  |               |  |              
|-------------------------------------------------- |  | ------------- |  | -------------
|CONSOLIDATED INCOME STATEMENT                      |  |               |  |              
|                                                   |  |               |  |              
|                                                  
|                                                   |  |               |  |              
|(€ m)                                              |  | At 31/12/2005 |  | At 31/12/2004
|                                                   |  |               |  |              
|Revenue from ordinary activities                   |  | 25,244.9      |  | 22,500.3     
|(including revenue from ordinary activities linked |  |               |  |              
|to financing for third parties)                    |  | 125.8         |  | 96.7         
|Costs of sales                                     |  | -20,561.0     |  | -18,346.3    
|Selling costs                                      |  | -478.5        |  | -439.7       
|General and administrative costs                   |  | -2,403.0      |  | -2,236.4     
|Other costs                                        |  | 90.5          |  | 2.7          
|                                                   |  |               |  |              
|Operating income                                   |  | 1,892.9       |  | 1,480.6      
|                                                   |  |               |  |              
|Cost of net financial debt                         |  | -713.4        |  | -732.1       
|Other financial income and expenses                |  | 30.5          |  | 46.1         
|Income tax                                         |  | -422.9        |  | -184.1       
|Equity in net income of affiliates                 |  | 14.9          |  | 24.2         
|                                                   |  |               |  |              
|Income before earnings from discontinued           |  | 802.0         |  | 634.7        
|operations and minority interests                  |  |               |  |              
|                                                   |  |               |  |              
|Net income from discontinued operations            |  | -             |  | -105.7       
|                                                   |  |               |  |              
|Net income before minority interests               |  | 802.0         |  | 529.0        
|                                                   |  |               |  |              
|Minority interests                                 |  | 179.0         |  | 137.5        
|                                                   |  |               |  |              
|Net income                                         |  | 623.0         |  | 391.5        
|                                                   |  |               |  |              
|                                                  
|Net earnings per share (€)                         |  |               |  |              
|Diluted                                            |  | 1.59          |  | 0.99         
|Non-diluted                                        |  | 1.60          |  | 0.99         
|Net earnings per share before discontinued         |  |               |  |              
|operations and minority interests (€)              |  |               |  |              
|Diluted                                            |  | 2.04          |  | 1.60         
|Non-diluted                                        |  | 2.05          |  | 1.60         
|                                                   |  |               |  |              

---



|                                                         |               |              
|-------------------------------------------------------- | ------------- | -------------
|CONSOLIDATED CASH FLOW STATEMENT(€ m)                    | At 31/12/2005 | At 31/12/2004
|                                                         |               |              
|Net income                                               | 623.0         | 391.5        
|Share of minority interests                              | 179.0         | 216.4        
|Net amortization, depreciation and provisions            | 1,829.3       | 2,041.5      
|Net financial provisions                                 | -21.0         | -38.2        
|Capital gains/losses on disposals and dilution           | -70.0         | -161.3       
|Earnings of affiliates                                   | -14.9         | -24.2        
|Dividends received                                       | -6.5          | -6.0         
|Cost of net financial debt                               | 713.4         | 732.1        
|Taxes                                                    | 422.9         | 309.5        
|Other items                                              | 32.1          | -0.7         
|                                                         |               |              
|Cash flow from operations                                | 3,687.3       | 3,460.6      
|                                                         |               |              
|Change in working capital requirements                   | -52.2         | 294.4        
|Tax paid                                                 | -338.8        | -238.0       
|                                                         |               |              
|Cash flow provided by operating activities               | 3,296.3       | 3,517.0      
|                                                         |               |              
|Capital expenditures                                     | -2,081.9      | -1,964.0     
|Proceeds from disposals of industrial assets             | 173.5         | 316.2        
|Financial investments                                    | -944.1        | -334.0       
|Proceeds from sale of financial assets                   | 154.0         | 2,184.2      
|Investment contracts as defined under IFRIC 4:           |               |              
|New receivables under IFRIC4                             | -269.3        | -177.0       
|Repayment of receivables under IFRIC4                    | 184.0         | 130.0        
|Dividends received                                       | 16.9          | 23.5         
|Disbursements on long-term interest-bearing notes        | -62.1         | -132.5       
|receivables                                              |               |              
|Payments on long-term interest-bearing notes receivables | 55.7          | 129.4        
|Change in short-term financial receivables               | 115.0         | 41.1         
|Purchases / sales of marketable securities               | 118.2         | -42.3        
|                                                         |               |              
|Cash flow provided by investing activities               | -2,540.1      | 174.6        
|                                                         |               |              
|Change in short-term financial debt                      | -2,936.2      | 1,789.2      
|New loans and other long-term debt                       | 3,134.1       | 930.5        
|Repayment of loans and other long-term debt              | -2,318.1      | -3,468.7     
|Increase in capital                                      | 81.0          | 167.2        
|Purchase of treasury shares                              | -             | -183.2       
|Dividends paid                                           | -373.7        | -389.6       
|Interest paid                                            | -738.8        | -640.9       
|                                                         |               |              
|Cash flow provided by financing activities               | -3,151.7      | -1,795.5     
|                                                         |               |              
|Opening cash and cash equivalents position               | 4,240.2       | 2,320.6      
|Currency effects and miscellaneous                       | -15.4         | 23.5         
|                                                         |               |              
|Closing cash and cash equivalents position               | 1,829.3       | 4,240.2      
|                                                         |               |              
|                                                        
|Cash and cash equivalents                                | 2,336.1       | 4,660.3      
|- Cash liabilities                                       | 506.8         | 420.1        
|                                                         |               |              
|Closing cash and cash equivalents position               | 1,829.3       | 4,240.2      
|                                                         |               |              

---



|                                                    |              
|--------------------------------------------------- | -------------
|FROM RECURRING OPERATING INCOME TO OPERATING INCOME |              
|                                                    |              
|                                                   
|(€ m)                                               | At 31/12/2005
|                                                    |              
|Recurring operating income                          | 1,904        
|Provisions for Berlikomm                            | -            
|Revaluing the Transport business to market value    | -            
|Other                                               | -11          
|                                                    |              
|Operating income                                    | 1,893        
|                                                    |              
|                                                   
|                                                   
|                                                   
|                                                   
|FROM RECURRING NET INCOME TO NET INCOME             |              
|                                                    |              
|                                                   
|(€ m)                                               | At 31/12/2005
|                                                    |              
|Recurring net income                                | 627          
|Capital loss on Berlikomm                           | -            
|Resolution of litigation                            | -            
|Income from discontinued operations                 | -            
|Other                                               | -4           
|                                                    |              
|Net income                                          | 623          
|                                                    |              

---



|                                                 |                 
|------------------------------------------------ | ----------------
|Change in net financial debt(€ m)                | Fiscal year 2005
|                                                 |                 
|Net financial debt at opening                    | -13,059         
|                                                 |                 
|Cash flow from operations                        | 3,687           
|Tax paid                                         | -339            
|Interest paid                                    | -739            
|Capital expenditure and investment               | -2,290          
|Change in I4 receivables                         | -85             
|Change in WCR                                    | -52             
|Disposals of industrial assets and miscellaneous | 348             
|Others                                           | 25              
|                                                 |                 
|Free cash flow before new large projects         | 555             
|                                                 |                 
|Disposals of strategic assets                    | -               
|New large projects and acquisitions              | -906            
|Increase in capital                              | 73              
|Dividends paid                                   | -374            
|Change in other financial receivables            | 238             
|Other changes (including currency)               | -398            
|                                                 |                 
|Net financial debt at closing                    | -13,871         
|                                                 |                 
|Financial receivables and marketable securities  | 2,775           
|                                                 |                 
|Economic net debt                                | -11,096         
|                                                 |                 

---

|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.

|Dated: March 14, 2006
|---------------------

| | VEOLIA ENVIRONNEMENT
| | --------------------
| | By:                 
| |                     
| |                     



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