Washington, D.C.  20549

                             FORM 8-K

                          CURRENT REPORT

               Pursuant to Section 13 or 15(d) of the
                  Securities Exchange Act of 1934

                  Date of Report:  March 31, 2003
        (Date of Earliest Event Reported:  March 31, 2003)

                        EL PASO CORPORATION
      (Exact name of Registrant as specified in its charter)

     Delaware             1-14365            76-0568816
  (State or other    (Commission File     (I.R.S. Employer
  jurisdiction of         Number)       Identification No.)
 incorporation or

                         El Paso Building
                       1001 Louisiana Street
                       Houston, Texas 77002
        (Address of principal executive offices) (Zip Code)

 Registrant's telephone number, including area code (713) 420-2600

Item 7.  Financial Statements, ProForma Financial Information and

          (c)  Exhibits.

                 Number    Description
                -------    ------------
                  99.1     Press Release dated March 31, 2003.

                  99.2     Slide Presentation dated March  31, 2003

Item 9. Regulation FD Disclosure
On  March 31, 2003, we announced our earnings results for  2002.  A
copy of our press release is attached as Exhibit 99.1 and a copy of
our  slide presentation  is  attached as Exhibit 99.2, and each  is
incorporated  herein by reference. The attached  Exhibits  are  not
filed, but are furnished to comply with Item 9 and Item 12 of  Form

In  the press release and the operating statistics, we use earnings
before  interest  and income taxes (EBIT) to assess  the  operating
results and effectiveness of our business segments. We define  EBIT
as  operating  income, adjusted for  earnings  from  unconsolidated
affiliates, capitalized returns on equity and  other  miscellaneous
non-operating  items. Items that  are not included in this  measure
are financing costs, including  interest and  debt  expense, income
taxes, discontinued operations,  extraordinary items and cumulative
effect of accounting changes.

We  believe EBIT is a useful measurement for our investors  because
it   provides  information  that  can  be  used  to  evaluate   the
effectiveness of our businesses and investments from an operational
perspective, exclusive of the costs to finance those activities and
exclusive  of income taxes, neither of which are directly  relevant
to  the efficiency of those operations. This measurement may not be
comparable  to measurements used by other companies and should  not
be  used  as  a  substitute  for net income  or  other  performance
measures such as operating cash flow.


     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.

                              EL PASO CORPORATION

                              By:  /s/ Jeffrey I. Beason
                                   Jeffrey I. Beason
                                 Senior Vice President
                                     and Controller
                             (Principal Accounting Officer)

Dated:  March 31, 2003

                           EXHIBIT INDEX

     Number       Description

      99.1        Press Release dated March 31, 2003.

      99.2        Slide Presentation dated March 31, 2003.