The last round of the competition saw Bolton overcome a potentially difficult away tie with Championship high fliers Ipswich Town. Goals from Henrik Pedersen (2) and Stelios Giannakopoulos gave the Trotters a 3-1 win and booked them a place in the next round.
Giantkillers Oldham on the other hand managed to defy the odds and knock out Manchester City thanks to a goal coming from young striker Scott Vernon.
Bolton have won the FA Cup four times in their history - the last success of which came in 1958 when two Nat Lofthouse goals defeated Manchester United at Wembley Stadium.
In April 2000 the club missed out on an FA Cup final place as Aston Villa defeated them in a penalty shoot-out with the winning strike coming from veteran striker Dion Dublin.
The full draw is as follows
Derby v Watford or Fulham
Man Utd v Exeter v Middlesbrough
Cardiff or Blackburn v Colchester
Chelsea v Birmingham
West Ham v Sheff Utd
Oldham v Bolton
Arsenal v Wolverhampton
Everton v Sunderland
Nottm Forest v Peterborough
Brentford v Hartlepool or Boston
Reading or Swansea v Leicester or Blackpool
Burnley or Liverpool v Bournemouth
Southampton v Portsmouth
West Brom v Tottenham
Newcastle v Coventry
Charlton v Yeovil
Ties to be played either 29/30th January 2005