Abstract: The present invention relates to an aerating fountain for use in aerating water and producing aesthetically appealing water sprays. The fountain has a float with an aperture running through its center. It has an electric motor with an impeller coupled to its shaft. The motor is mounted to the float such that the impeller is adjacent to the float aperture. The fountain has a nozzle plate having a set of nozzles. The nozzle plate is releasably coupled to a top side of the float such that one of the nozzles is disposed directly above the float aperture. The nozzle plate is coupled to the float in such a manner that it may be easily adjusted to bring a different nozzle into alignment with the float aperture.