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

                                  SCHEDULE 13G
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                          AUGUST TECHNOLOGY CORPORATION
                                (Name of Issuer)

                           COMMON STOCK, NO PAR VALUE
                         (Title of Class of Securities)

                                    05106U105
                                 (CUSIP NUMBER)

                                DECEMBER 31, 2005
             (Date of event which requires filing of this statement)

     Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

|X|  Rule 13d-1(b)

|_|  Rule 13d-1(c)

|_|  Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act(however, see the notes).


                                Page 1 of 9 Pages



CUSIP No. 05106U105                    13G                    Page 2 of 9 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     Millenco, L.P.
     13-3532932
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3.   SEC USE ONLY


--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           -0-
               -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          1,415,151
               -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         -0-
               -----------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            1,415,151
--------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,415,151
--------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                          |_|
--------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     7.7%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     PN,BD
--------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 05106U105                    13G                    Page 3 of 9 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     Millennium Management, L.L.C.
     13-3804139
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3.   SEC USE ONLY


--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           -0-
               -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          1,415,151
               -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         -0-
               -----------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            1,415,151
--------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,415,151
--------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                          |_|
--------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     7.7%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     OO
--------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 05106U105                    13G                    Page 4 of 9 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     Israel A. Englander
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3.   SEC USE ONLY


--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     United States
--------------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           -0-
               -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          1,415,151
               -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         -0-
               -----------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            1,415,151
--------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,415,151
--------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                          |_|
--------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     7.7%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 05106U105                    13G                    Page 5 of 9 Pages

Item 1.

(a)  Name of Issuer

     August Technology Corporation, a Minnesota corporation (the "Company").

(b) Address of Issuer's Principal Executive Offices:

     4900 West 78th Street
     Bloomington, Minnesota 55435

Item 2(a).  Name of Person Filing
Item 2(b).  Address of Principal Business Office
Item 2(c).  Citizenship

            Millenco, L.P.
            c/o Millennium Management, L.L.C.
            666 Fifth Avenue
            New York, New York 10103
            Citizenship: Delaware

            Millennium Management, L.L.C.
            666 Fifth Avenue
            New York, New York 10103
            Citizenship: Delaware

            Israel A. Englander
            c/o Millennium Management, L.L.C.
            666 Fifth Avenue
            New York, New York 10103
            Citizenship: United States

(d)  Title of Class of Securities

     Common Stock, no par value ("Common Stock")

(e)  CUSIP Number

     05106U105

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
 whether the person filing is a:

(a)  |X| Broker or dealer registered under Section 15 of the Act (15 U.S.C.
         78o).

(b)  |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)  |_| Insurance company as defined in Section 3(a)(19) of the Act (15
         U.S.C. 78c).

(d)  |_| Investment company registered under Section 8 of the Investment
         Company Act of 1940 (15 U.S.C. 80a-8).

(e)  |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)  |_| An employee benefit plan or endowment fund in accordance with Rule
         13d-1(b)(1)(ii)(F);



CUSIP No. 05106U105                    13G                    Page 6 of 9 Pages

(g)  |X| A parent holding company or control person in accordance with Rule
         13d-1(b)(1)(ii)(G);

(h)  |_| A savings association as defined in Section 3(b) of the Federal
         Deposit Insurance Act (12 U.S.C. 1813);

(i)  |_| A church plan that is excluded from the definition of an investment
         company under Section 3(c)(14) of the Investment Company Act of 1940 
         (15 U.S.C. 80a-3);

(j)  |X| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check this box. |_|

Item 4. Ownership

     Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

(a)  Amount Beneficially Owned

     As of the date of this filing, each Reporting Person may be deemed to be
the beneficial owner of 1,415,151 shares of Common Stock owned outright by
Millenco, L.P., a Delaware limited partnership ("Millenco").

     Millennium Management, L.L.C., a Delaware limited liability company
("Millennium Management"), is the general partner of Millenco, and consequently
may be deemed to have voting control and investment discretion over securities
owned by Millenco. Israel A. Englander ("Mr. Englander") is the managing member
of Millennium Management. As a result, Mr. Englander may be deemed to be the
beneficial owner of any shares deemed to be beneficially owned by Millennium
Management. The foregoing should not be construed in and of itself as an
admission by Millennium Management or Mr. Englander as to beneficial ownership
of the shares owned by Millenco.

     Note: Millennium Partners, L.P., a Cayman Islands limited partnership
("Partners"), is a limited partner of Millenco. As a limited partner, Partners
has no investment or voting control over Millenco or its securities positions.

(b)  Percent of Class

     7.7% (see Item 4(a) above) which percentage was calculated based on
18,294,438 shares of Common Stock outstanding as of October 31, 2005, as
reported in the Company's Quarterly Report on Form 10-Q, dated as of November 9,
2005.

(c) Number of shares as to which such person has:

            (i)   Sole power to vote or to direct the vote:

                  -0-

            (ii)  Shared power to vote or to direct the vote

                  1,415,151

            (iii) Sole power to dispose or to direct the disposition of

                  -0-



CUSIP No. 05106U105                    13G                    Page 7 of 9 Pages

            (iv)  Shared power to dispose or to direct the disposition of

                  1,415,151

Item 5. Ownership of Five Percent or Less of a Class

      If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following |_|.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

      Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company

      Not applicable.

Item 8. Identification and Classification of Members of the Group

      See Exhibit I.

Item 9. Notice of Dissolution of Group

      Not applicable.

Item 10. Certification

By signing below each of the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.

Exhibits:

Exhibit I: Joint Filing Agreement, dated as of January 24, 2006, by and among
Millenco, L.P., Millennium Management, L.L.C. and Israel A. Englander.



CUSIP No. 05106U105                    13G                    Page 8 of 9 Pages

                                   SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information with respect to it set forth in
this statement is true, complete, and correct.

Dated: January 24, 2006

                                 MILLENCO, L.P.

                                 By: Millennium Management, L.L.C.
                                     its general partner


                                 By:  /s/ Terry Feeney
                                    --------------------------------------
                                    Name:  Terry Feeney
                                    Title: Chief Operating Officer


                                 MILLENNIUM MANAGEMENT, L.L.C.


                                 By:  /s/ Terry Feeney
                                    --------------------------------------
                                    Name:  Terry Feeney
                                    Title: Chief Operating Officer


                                  /s/ Israel A. Englander by David 
                                 Nolan pursuant to Power of Attorney 
                                 filed with SEC on June 6, 2005
                                 -----------------------------------------
                                 Israel A. Englander



CUSIP No. 05106U105                    13G                    Page 9 of 9 Pages

                                    EXHIBIT I

                             JOINT FILING AGREEMENT

This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Common
Stock, no par value, of August Technology Corporation, a Minnesota corporation,
is being filed, and all amendments thereto will be filed, on behalf of each of
the persons and entities named below in accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

Dated: January 24, 2006

                                      MILLENCO, L.P.

                                      By: Millennium Management, L.L.C.
                                          its general partner


                                      By:  /s/ Terry Feeney
                                         -----------------------------------
                                         Name:  Terry Feeney
                                         Title: Chief Operating Officer


                                      MILLENNIUM MANAGEMENT, L.L.C.


                                      By:  /s/ Terry Feeney
                                         -----------------------------------
                                         Name:  Terry Feeney
                                         Title: Chief Operating Officer


                                       /s/ Israel A. Englander by David 
                                      Nolan pursuant to Power of Attorney 
                                      filed with SEC on June 6, 2005
                                      --------------------------------------
                                      Israel A. Englander