FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of July, 2003

Commission File Number: 001-02413

Canadian National Railway Company
(Translation of registrant’s name into English)

935 de la Gauchetiere Street West
Montreal, Quebec
Canada H3B 2M9
(Address of principal executive offices)

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           Form 40-F    X  

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):

Yes           No    X  

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):

Yes           No    X  

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant 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): N/A



Item

1. Press Release dated July 22, 2003.


Item 1

CANADIAN NATIONAL RAILWAY COMPANY
PRESS RELEASE


News
FOR IMMEDIATE RELEASE



Stock symbols: TSX: CNR / NYSE: CNI



www.cn.ca

CN declares third-quarter 2003 dividend

MONTREAL, July 22, 2003 —CN announced today that its Board of Directors has approved a third-quarter 2003 dividend on its outstanding common shares. A quarterly dividend of twenty-five cents (Cdn $0.25) per common share will be paid on Sept. 30, 2003, to shareholders of record on Sept. 9, 2003.

Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America.

 

Contacts:

Media
Mark Hallman
System Director, Media Relations
(416) 217-6390
Investment Community
Robert Noorigian
Vice-President, Investor Relations
(514) 399-0052



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.

  Canadian National Railway Company


Date: July 22, 2003 By: /s/ Sean Finn           
    Name: Sean Finn
Title: Senior Vice President Public Affairs,
        Chief Legal Officer and Corporate Secretary