SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 6-K


                        REPORT OF FOREIGN PRIVATE ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                      THE SECURITIES EXCHANGE ACT OF 1934


                          For the month of August 2002

                                     ALSTOM
                                     ------
             (Exact Name of Registrant as Specified in its Charter)


                     25, AVENUE KLEBER, 75116 PARIS, FRANCE
                     --------------------------------------
              (Address of Registrant's Principal Executive Office)



     (Indicate  by check mark whether the  Registrant  files or will file annual
reports under cover of Form 20-F or Form 40-F)

     Form 20-F  X                        Form 40-F
               ---                                 ---

     (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                                 No  X
         ---                                ---

     (If  "Yes" is  marked,  indicate  below  the file  number  assigned  to the
Registrant in connection with Rule 12g3-2(b):    )
                                             ----











Enclosures:

Market Statement dated August 16, 2002.........................................3



                                                                  16 August 2002

                                MARKET STATEMENT

Following the significant movement in ALSTOM's share price over the last week,
the Company wishes to clarify the following:

o  An analyst report published on 15 August, a bank holiday in France,
   downgraded ALSTOM's stock on the basis of a routine 6K document filed on 7
   August with the Securities and Exchange Commission (SEC) relative to the
   Company's consolidated cash-flow position at end-June 2002. The cash position
   which the 6K discloses is in line with ALSTOM's expectations, as communicated
   widely on 14 March at the launch of the RESTORE VALUE plan and on 16 July
   2002 in the Q1 orders and sales statement. It is also consistent with
   ALSTOM's cash profile forecast for fiscal year 2003 as disclosed on 16 July.
   Furthermore, this quarterly cash statement does not take into account the
   proceeds from the Rights Issue received by the Company at the beginning of
   July 2002 (617 million euros).

o  The technical issue which came to light over the past days on certain
   high-speed ACELA trains supplied to Amtrak in the USA by the consortium led
   by Bombardier (75 % Bombarbier, 25 % ALSTOM) will not have any financial
   impact for ALSTOM.

o  ALSTOM's RESTORE VALUE plan is proceeding according to schedule, and its
   publicly-stated short-and medium-term targets remain :

   - Cumulative free cashflow from operations of 1.3bn euros over fiscal years
   2003 to 2005; aligned with EBIT by 2005
   - Overall proceeds of at least 2.1bn euros by 2003 from real estate sales,
   non-core disposals and the Rights Issue. The Rights Issue raised 617 million
   euros in July 2002. The other actions are proceeding as anticipated.
   - Gearing reduced to 20 % by fiscal year 2005

Press enquiries:      S. Gagneraud
                      Tel +33 1 47 55 23 15
                      internet.press@chq.alstom.com

Investor relations:   E. Rocolle-Teyssier
                      Tel +33 1 47 55 25 78
                      investor.relations@chq.alstom.com




FORWARD-LOOKING STATEMENTS

This  Press   Release   contains,   and  other   written  or  oral  reports  and
communications  of  ALSTOM  may  from  time  to  time  contain,  forward-looking
statements,  within the meaning of Section 27A of the Securities Act of 1933 and
Section  21E  of  the  Securities   Exchange  Act  of  1934.  Examples  of  such
forward-looking  statements  include,  but are not limited to (i) projections or
expectations of sales, income, operating margins,  dividends,  provisions,  cash
flow,  debt or other  financial  items or  ratios,  (ii)  statements  of  plans,
objectives  or goals of ALSTOM or its  management,  (iii)  statements  of future
product or economic performance,  and (iv) statements of assumptions  underlying
such statements.  Words such as "believes," "anticipates," "expects," "intends,"
"aims,"  "plans" and "will" and  similar  expressions  are  intended to identify
forward-looking  statements but are not the exclusive means of identifying  such
statements.  By their very nature,  forward-looking  statements involve inherent
risks   and   uncertainties   that  the   forecasts,   projections   and   other
forward-looking  statements  will not be achieved.  Such statements are based on
management's  current  plans and  expectations  and are  subject  to a number of
important  factors that could cause actual results to differ materially from the
plans, objectives and expectations expressed in such forward-looking statements.
These factors include (i) the inherent  difficulty of forecasting  future market
conditions,  level of infrastructure  spending,  GDP growth generally,  interest
rates  and  exchange  rates;   (ii)  the  effects  of,  and  changes  in,  laws,
regulations, governmental policy, taxation or accounting standards or practices;
(iii) the effects of competition in the product markets and geographic  areas in
which  ALSTOM  operates;  (iv) the ability to increase  market share and control
costs while  maintaining  high  quality  products and  services;  (v) the timely
development of new products and services; (vi) the inherent technical complexity
of many of  ALSTOM's  products  and  technologies  and the  ability  to  resolve
effectively  and at reasonable cost technical  problems that  inevitably  arise,
including in particular the problems  encountered with the GT24/26 gas turbines;
(vii) risks inherent in large  contracts that comprise a substantial  portion of
ALSTOM's  business;  (viii) the effects of acquisitions and disposals;  (ix) the
ability  to  invest  in  successfully,  and  compete  at the  leading  edge  of,
technology  developments across all of ALSTOM's Sectors; (x) the availability of
adequate  cash flow from  operations  or other  sources of  liquidity to achieve
management's  objectives or goals,  including our goal of reducing indebtedness;
(xi) timing of completion of the actions focused on cash generation contemplated
in  ALSTOM's  "Restore  Value"  programme;  (xii)  the  inherent  difficulty  in
estimating  future  charter or sale prices of any  relevant  cruise-ship  in any
appraisal  of the  exposure  in respect of the  Renaissance  matter;  (xiii) the
inherent  difficulty in estimating  ALSTOM's  exposure to vendor financing which
may notably be affected by customers'  payment default;  (xiv) the unusual level
of  uncertainty  at this time  regarding the world economy in general;  and (xv)
ALSTOM's success at adjusting to and managing the risks of the foregoing. ALSTOM
cautions that the foregoing list of important  factors is not  exhaustive;  when
relying on forward-looking  statements to make decisions with respect to ALSTOM,
investors and others should carefully  consider the foregoing  factors and other
uncertainties  and events, as well as other factors described in other documents
ALSTOM files from time to time with the  Commission des Operations de Bourse and
with the  Securities  and Exchange  Commission,  including  reports on Form 6-K.
Forward-looking statements speak only as of the date on which they are made, and
ALSTOM  undertakes no  obligation to update or revise any of them,  whether as a
result of new information, future events or otherwise.




                                   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.

                                                 ALSTOM



Date: August 20, 2002                        By: /S/ PHILIPPE JAFFRE
                                                 -------------------------------
                                                 Name:   Philippe Jaffre
                                                 Title:  Chief Financial Officer