Sessions for what was to become the Waterloo album were well under way when Björn, Benny and Stig Anderson were invited to submit an entry to the 1974 Eurovision Song Contest. The song they came up with was, of course, 'Waterloo'.

This second ABBA album was the first to really show the group as a unified entity - indeed, it was the first album to be released under the new group name. Apart from 'Waterloo' the album spawned a hit in 'Honey, Honey'.

Side A

1. Waterloo (Swedish Version) 
2. Sitting In The Palmtree 
3. King Kong Song 
4. Hasta Mañana 
5. My Mama Said 
6. Dance (While The Music Still Goes On) 

Side B

1. Honey, Honey 
2. Watch Out 
3. What About Livingstone 
4. Gonna Sing You My Lovesong 
5. Suzy-Hang-Around 
6. Waterloo 

CD Version

1. Waterloo 
2. Sitting In The Palmtree 
3. King Kong Song 
4. Hasta Mañana 
5. My Mama Said 
6. Dance (While The Music Still Goes On) 
7. Honey, Honey 
8. Watch Out 
9. What About Livingstone 
10. Gonna Sing You My Lovesong 
11. Suzy-Hang-Around 

CD Bonus tracks

1. Ring Ring 
2. Waterloo (Swedish Version) 
3. Honey, Honey (Swedish Version)