CSL Ltd. — Major Shareholding Notification 2004

Feb 22, 2004

团002 Ø001

February 20, 2004

Australian Stock Exchange Ltd. - Brisbane Riverside Centre 123 Eagle Street Brisbane, QLD 4000 Australia

FAX: 011-61-7-3835-1004

ATTN: Manager Companies

Dear Sir/Madam:

Enclosed herewith, please find one copy of Form 604, pursuant to Section 671B of the Corporations Act, Notice of Change of Interests of Substantial Holder, reporting the interests in CSL Ltd of certain entities owned or managed by Fidelity Management and Research Company and Fidelity International Limited as disclosed more fully in the notice.

If you have any questions, please contact me by phone at 617-563-7883 or by FAX at 617-476-0363.

indest regards, Julie Finocchio

Compliance Specialist

Enclosures

Fidelity Management & Research Company FMR Co

Mailing Address: One Pederal Street E14B Boston, MA 02109-3614 Office Address: 82 Devonshire Street Boston, MA 02109

617 563-7000

Form 604 Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To. CSL Limited ACN/ARSN:

1. Details of substantial holder (s)

Name: FMR Corp. ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

February 18, 2004 February 3, 2004 February 3, 2004

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate $(2)$ had a relevant interest $(3)$ in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities (4)	Previous Notice Person's votes	Previous Notice Voting Power 15	Present Notice Person's votes	Present Notice Voting Power
Common stock	20,794,119	1.02%	22,901,849	12.13%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change $(6)$	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
02/18/04	FMR Corp.	Market transaction- purchase		492,224 shares common stock	492,224 shares common stock

Fidelity Management & Research Company FMK Co

Mailing Address: One Federal Street E14B Boston, MA 02109-3614 Office Address: 82 Devonshire Street Boston, MA 02109

617 563-7000

23/02 2004 09:22 FAX 38324114
02/20/04 15:08 FAX 617 476 6849

ASX BRISBANE FMR CM. INV. COMP $\rightarrow$ CAO INTERNAL

$\sim$

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4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Class and
Relevant	Holder of	number of
Interest	securities	securities
FMRCO	Select	20,562
	Pharmaceuticals
FMRCO	Fid Balanced	1,051,421
	Fund
FMRCO	FA Equity	914,019
	Growth Pund
FMRCO	Fidelity Small	681,606
	Cap Stock Fund
FMRCO	FA Global	1,910
	Equity
FMRCO	Fid Aggressive	13,600
	Intl Fund
FMRCO	FA Diversified	1,078,021
FMRCO	International Fid Diversified
	International	6,633,129
FMRCO	Fid Pacific	282,618
	Basin Fund
FMRCO	VIP Growth	930,028
FMRCO	FA Intl Capital	14,500
	Appreciation
FMRCO	Fidelity Focus	680,078
	Health Care
FMRCO	Fid Southeast	94,000
	Asia Fund
FMRCO	Fid Worldwide	194,800
	Fund
FMRCO	Overseas Fund	1,242,000
FMRCO	FA Overseas Investment	479,400
	Fund
FMRCO	VIP Overseas	613,000
FMRCO	Fidelity	39,200
	Overseas Fund
	– Canada
FMRCO	Fid Asset	80,500
	Manager Fund
FMRCO	Fid Intl Growth	116,300
	& Income Fund
FMRCO	Fid Global	10,400
	Balanced Fund
FMRCO	VIP III Midcap	19,200
	Portfolio
FMRCO	VIP II Asset	21,000
	Manager
FMTC	Manulife	148,400
	Overseas
TMTC	Canadian	11,380
	Overseas Pacif

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FMTC	FRTC Int.	64,320
	Pacific Jap
FMTC
FMTC	Fric Int. Pacific	16,870
	Fric Int. Sec	19,960
FMTC	Pacific
	General Motors	157,560
	Pac Basin
FMTC	Chevron Tex	41,730
FMTC	RJ Reynolds	24,320
	Tob Pac Bas
FMTC	State Bd Adm	77,860
	of FI-Pac
FMTC	Illinois Teach	77,430
	Ret-PB
FMTC	FICL GIbl	24.871
	Asset All Ew
$FM\overline{TC}$	FICL Intl Port	253,120
	Eq
$\overline{\text{IMTC}}$	Pac Basin Ex	166,890
FMTC	Coll Trust
	Kentucky Pen	117,560
FMTC	Pac Basin
	Kentucky Ins	32,230
	Pac Basin
FMTC	IG FI Global Eq	4,125
FMTC	Fr Cad	20,570
FMTC	Overseas Pac
	Ford Intl Pac	27,900
FMTC	Basin Sub
	FRTC Russell Intl	5.800
FMTC	Principal
		900
FMTC	Partners Intl Brown &
	Williamson	5,500
FMTC	Petro Cana Intl	8,800
	Gт
FMTC	Illinois Trs Pob	19,530
FMTC	Mellon Bk Intl	5,930
FMTC	RK Mellon Intl	11,900
FMTC	Fidelity Int'l Gr	12,600
FMTC	Hydro One Pac	18,600
	Basin
FMTC	Fid Can Intl	23,000
	Growth
FMTC	Duke Energy	13,100
	Pac Basin
FMTC	Frank Russell	8,800
	RIF PAC
FMTC	Select Int $\rm Sm$	4,000
	Cap Coll
FMTC	IG FI Cl Gbl Eq	800
FMTC	Mix If Intl Por	600
	FICL Sel Intl	3,000
FMTC
FMTC	SmCp Fid Select Intl	127,200

$\sim 10^{-11}$

ASX BRISBANE FMR CM. INV. COMP $\rightarrow$ CAO INTERNAL

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FMTC	IBM Select Eafe Canada	37,800
EMTC
	Dallas Police & Fire	13,900
FMTC
	Ford Select Intl	21,500
FMTC	FICL Select Intl Eqty	17.900
FMTC	IBM Canada	13,700
	Select Intl
FMTC	ΒМ	29,200
	Netherlands
FMTC	Ohio P&F Int	47,550
	Gr Pac Bas
FMTC	Agilent Tec Int	37,460
FMTC	PG&E Corp	30,320
FMTC	Metlife FI Intl	27,700
FMTC	Illinois Surs-Sel	8,500
	Jutl
FMTC	CIBC Intl Eqty	12,300
	Pac Bas
FMTC	Transition	5,570
	Basex
$\overline{\text{FMIC}}$	General Motors	31,800
	Inν
FMTC	FICL GLBL	100
$\overline{\text{FL}}$	Oppor Non-US
	Royal Mail	564,666
豇	Pension Plan
	Hang Seng Bk Ltd Retirements	18,632
哑	Falcon/Flora
FIL.	Fid Fds	906,589
	International	121,779
	Pool
$\overline{\text{FIL}}$	$Fig II Eds -$	148,970
	Australia Pool
$\overline{\text{FL}}$	$\overline{\text{Fid}\text{Fds}}$ –	184,275
	Pacific Pool
$\overline{\text{HL}}$	HOKO Jockey	17,404
	$_{\text{Clib}}$
豇	Health	20,587
	Foundation Pac
	Bas
哑	Fid Advantage	3,013
	Australian Eq
FIL	Тr
	MTR Corp	14,562
	Retmt Pacif Eqty
FIL	$\overline{\text{Fid Fds}}$ -	12,470
	World Pool
FШ	Hybank Intl	4,645
	Trst
$\overline{\text{FL}}$	Jockey Club	32,523
	Contingency
FIL.	National Corp Inv Svcs	95,770

$\sim$ $\sim$

ASX BRISBANE FMR CM. INV. COMP $\rightarrow$ CAO INTERNAL

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	International Fund
$\overline{\text{FL}}$	Fid Managed	663,996
	International
	Fund
阷	Fij It Global Eq	9,047
	Open Mother
$\overline{\text{FL}}$	Fid Instl Fd-	473,874
	Pacific
$\overline{\overline{\text{m}}}$ .	Govt of	23,140
	Singapore Pac
FIL.	HKMPF-Mkt	131,707
	Inv Asia
矼	Hong Kong	13,861
	Elcc STF Retr
	Scheme
$\overline{FL}$	Pacific Century	34,571
	Cyberwks Retir
ГIL.	Jockey Club	33,571
	Charity Trust
豇	Fij It Global	62,222
	Fund Mother
$\overline{\texttt{FL}}$	Fij It Balanced	8,443
	Fund Mother
$\overline{FL}$ FT	Stallion	70,920
	Russell Invt	26,400
$\overline{F}$	Mgmt
	Railways Pens Eq	474,880
厑	Russell Intl	10,100
	Equity Fund
戒	Mine EMP	52,580
	Pension Fund
$\overline{FL}$	Sentinel Mng	102,220
	Ind Ret
FIL	Fid Fds-	344,122
	Health Care
	Pool
$\overline{\text{FL}}$	Japan Tobacco	2.900
	TQPP-Asian
FIL.	Shinkin Bank	9,500
FIL.	Fidelity South	137,000
	East Asia Fund
FIL.	Fid Fds-	178,000
	Southeast Asia
	Pool
$\overline{\mathbf{FL}}$	Innogy Pacific	38,300
$\overline{FL}$	Ex Japan
	Fid Funds -	43,000
酛	GIbl Focus Pool
	Australia - Funds SA	14,400
叿	Fid Instl South	413,790
	East Asia Fund
$\overline{FL}$	Shell Hong	46
	Kong Limited
$\overline{\text{FL}}$	SGE Row	4,600
FIL.	GEC 1972 Pln	29,900

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	British Energy
$\overline{\textbf{FL}}$	Gen Grp	13,000
$\overline{\text{FIL}}$	IBM Denm	2,300
	Select
$\overline{\bf HL}$	Accident Rehab	22,300
	& Cmp
厑	IBM Austria	1,900
	Global
$\overline{FL}$	Per-Stit De	1,500
	Unilever
可	FMT_GL Row	20,500
$\overline{\textbf{m}}$	East Sussex	32,000
	Cnty
FIL	Chevron	8,200
	Texaxo UK
$\overline{\texttt{FIL}}$	Meyer Intl	16,000
	Group
FL	Stichting Pns	1,300
	Makro
匹	Industriens	7,400
	Pens
阢	Co-Operative	11,300
	Gгр
豇	GKN Group	49,100
	Pension
	Scheme
$\overline{\text{FL}}$	Eircom No 2	17,400
匹	Pension Fund
	Unilever (superann)	7,600
	Ireland
$\overline{\text{FL}}$	IBM Irel Sel	900
	Glbl Equities
FIL	IBM Austria	3,600
	Select GIbl
矼	NPC Trust	2,000
$\overline{\text{FL}}$	Fid Insti Fds-	2,000
	Global Focus
	Fd
FIL.	Fid Instl Fds	3,700
	Global Focus
	Fd
TOTAL		22,901,849

5. Changes in Association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
FMR Corp./FMR Co., FMTC	FMR Co. is the adviser to the registered holders , named in Section 4 and has power under its . management agreements to dispose of the subject shares.

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	FMR Co. is a wholly-owned subsidiary of FMR Corp., a Delaware corporation. Edward C. Johnson 3d is chairman of FMR Corp. and owns in excess of 10% of the voting power of FMR Corp. and may thereby be deemed an associate of FMR Co.
	However, neither FMR Corp. nor Edward C. Johnson 3d has sole power to vote or direct the voting of, or to dispose of or direct the disposition of, the subject shares. FMR Co. carries out such voting under written guidelines established by the Board of Trustees of the Funds which are the registered holders.
	Fidelity Management Trust Company ("FMTC") is a trust company organized under the laws of Delaware and is a wholly-owned subsidiary of FMR Corp.
	Because FMTC and FMR Co. are under the common control of FMR Corp., FMTC may be considered a related body corporate and hence an "associate" of FMR Corp., as such term is used in the Corporations Law.
	FMTC's relevant interest consists of the power to dispose of, and may also consist of the power to vote or direct the voting of, the shares for the institutional accounts with which it has a management agreement.
FIL.	FIL is the adviser to the registered holders named in Section 4 above, each of which is an investment company organized under the laws of a jurisdiction other than the United States, and has power under its management agreements to dispose of the subject shares.
	Edward C. Johnson 3d is chairman of FIL and owns in excess of 20% of the voting power of FIL. By reason of his ownership of the "prescribed percentage" of FIL, Mr. Johnson may be deemed the holder of a relevant interest in the subject shares and a substantial shareholder.
	FIL has power to vote and dispose of the shares of the Funds which it advises.

6. Addresses

The addresses of persons named in this form are as follows: $N$ ame

FMR Corp., FMR Co., FMTC	Address
	82 Devonshire Street $-$ (Boston, MA 02109)
	$\pm$ PO Box HM 670, Hamilton HMCX. Bermude

Signature: 02/20/04

$By$ rtu Eric D. Roiter

Senior V.P. & General Counsel - FMR Co. Duly authorized under Powers of Attorney dated December 30, 1997, by and on behalf of FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited and its direct and indirect subsidiaries.