UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT
                       Pursuant to Section 13 and 15(d) of
                       the Securities Exchange Act of 1934


                                JANUARY 14, 2002
             ------------------------------------------------------
                Date of Report (Date of earliest event reported)


                               FOSTER WHEELER LTD.
         --------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


       BERMUDA                       1-286-2                   22-3802649
- ------------------------    -----------------------          -------------
(State of Incorporation)   (Commission File Number)           (IRS Employer
                                                           Identification No.)


                PERRYVILLE CORPORATE PARK CLINTON, NJ 08809-4000
                ------------------------------------------------
                     (Address of Principal Executive Office)


                                 (908) 730-4000
         ---------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


                                (NOT APPLICABLE)
                   -------------------------------------------
                         (Former Name or Former Address,
                          If Changed Since Last Report)






Item 5.  OTHER EVENTS

         On January 14, 2002, Foster Wheeler Ltd. issued a press release, a copy
 of which is annexed hereto as Exhibit 99.1.

ITEM 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a)        Financial Statements:

           None.

(b)        Pro Forma Financial Information:

           None.

(c)        Exhibits:

                   99.1 Press Release dated January 14, 2001.





                                    SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                                     FOSTER WHEELER LTD.



Date:   January 14, 2002                             By:/S/ THOMAS R. O'BRIEN
                                                        ---------------------
                                                         Thomas R. O'Brien
                                                         General Counsel and
                                                         Senior Vice President