UNITED STATES
                              Washington, D.C.

                          SCHEDULE 14A INFORMATION

                   EXCHANGE ACT OF 1934 (AMENDMENT NO. )

Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]

Check the appropriate box:
[ ]    Preliminary Proxy Statement
[ ]    Confidential, for Use of the Commission Only (as permitted by
[ ]    Definitive Proxy Statement
[ ]    Definitive Additional Materials
[X]    Soliciting Material Pursuant to Rule 14a-12

                            EL PASO CORPORATION
              (Name of Registrant as Specified in its Charter)

  (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

     (1)  Title of each class of securities to which transaction applies:

     (2)  Aggregate number of securities to which transaction applies:

     (3)  Per unit price or other underlying value of transaction  computed
          pursuant to Exchange Act Rule 0-11 (set forth the amount on which
          the filing fee is calculated and state how it was determined):

     (4)  Proposed maximum aggregate value of transaction:

     (5)  Total fee paid:


[ ]       Fee paid previously with preliminary materials:

[ ]       Check box if any part of the fee is offset as provided by
          Exchange Act Rule 0-11(a)(2) and identify the filing for which
          the offsetting fee was paid previously. Identify the previous
          filing by registration statement number, or the Form or Schedule
          and the date of its filing.

     (1)  Amount Previously Paid:

     (2)  Form, Schedule or Registration Statement No.:

     (3)  Filing Party:

     (4)  Date Filed:



     HOUSTON, TEXAS, APRIL 29, 2003--The Board of Directors of El
     Paso Corporation (NYSE:EP) today declared a quarterly
     dividend of $0.04 per share on the company's outstanding
     common stock. The dividend will be payable July 7, 2003 to
     shareholders of record as of the close of business on June
     6, 2003. Outstanding shares of common stock entitled to
     receive dividends as of March 31, 2003 were 601,174,352.

El Paso Corporation is the leading provider of natural gas services and the
largest pipeline company in North America. The company has core businesses
in pipelines, production, and midstream services. Rich in assets, El Paso
is committed to developing and delivering new energy supplies and to
meeting the growing demand for new energy infrastructure. For more
information, visit www.elpaso.com.


     This release includes forward-looking statements and projections, made
     in reliance on the safe harbor provisions of the Private Securities
     Litigation Reform Act of 1995. The company has made every reasonable
     effort to ensure that the information and assumptions on which these
     statements and projections are based are current, reasonable, and
     complete. However, a variety of factors could cause actual results to
     differ materially from the projections, anticipated results or other
     expectations expressed in this release, including, without limitation,
     our ability to attract and retain qualified members of the Board of
     Directors; the successful recruitment and retention of a qualified
     CEO; the successful implementation of the 2003 operational and
     financial plan; the successful implementation of the settlement
     related to the Western Energy Crisis; material and adverse impacts
     from our proxy contest with Selim Zilkha/Oscar Wyatt; actions by the
     credit rating agencies; the successful close of financing
     transactions; our ability to successfully exit the energy trading
     business; our ability to divest of certain non-core assets; changes in
     commodity prices for oil, natural gas, and power; general economic and
     weather conditions in geographic regions or markets served by El Paso
     Corporation and its affiliates, or where operations of the company and
     its affiliates are located; the uncertainties associated with
     governmental regulation; political and currency risks associated with
     international operations of the company and its affiliates; inability
     to realize anticipated synergies and cost savings associated with
     restructurings and divestitures on a timely basis; difficulty in
     integration of the operations of previously acquired companies,
     competition, and other factors described in the company's (and its
     affiliates') Securities and Exchange Commission filings. While the
     company makes these statements and projections in good faith, neither
     the company nor its management can guarantee that anticipated future
     results will be achieved. Reference must be made to those filings for
     additional important factors that may affect actual results. The
     company assumes no obligation to publicly update or revise any
     forward-looking statements made herein or any other forward-looking
     statements made by the company, whether as a result of new
     information, future events, or otherwise.


     On April 24, 2003, El Paso Corporation filed a revised preliminary
     proxy statement relating to its 2003 annual meeting with the
     Securities and Exchange Commission. Prior to the annual meeting, El
     Paso will furnish a definitive proxy statement to its shareholders,
     together with a WHITE proxy card. Shareholders are strongly advised to
     read El Paso's proxy statement as it contains important information.
     Shareholders may obtain a copy of El Paso's revised preliminary proxy
     statement, any amendments or supplements to the proxy statement and
     any other documents filed by El Paso with the Securities and Exchange
     Commission for free at the Internet Web site maintained by the
     Securities and Exchange Commission at www.sec.gov. Copies of the
     revised preliminary proxy statement and any amendments and supplements
     are available for free at El Paso's Internet Web site at
     www.elpaso.com or by writing to El Paso Corporation, Investor
     Relations, P.O. Box 2511, Houston, TX 77252. In addition, copies of El
     Paso's proxy materials may be requested by contacting El Paso's proxy
     solicitor, MacKenzie Partners, Inc. at (800) 322-2885 Toll-Free or by
     email at proxy@mackenziepartners.com.

     To the extent that individual customers, independent industry
     researchers, financial analysts, or El Paso commissioned research, are
     quoted in this document, it is El Paso's policy to use reasonable
     efforts to verify the source and accuracy of the quote. El Paso has
     not, however, sought or obtained the consent of the quoted source to
     the use of such quote as proxy soliciting material. This document may
     contain expressions of opinion and belief. Except as otherwise
     expressly attributed to another individual or entity, these opinions
     and beliefs are the opinions and beliefs of El Paso.

     Information regarding the names, affiliation and interests of
     individuals who may be deemed participants in the solicitation of
     proxies of El Paso's shareholders is contained in El Paso's revised
     preliminary proxy statement.



Communications and Government Affairs           Investor Relations
-------------------------------------           ------------------
Norma F. Dunn                                   Bruce L. Connery
Senior Vice President                           Vice President
Office: (713) 420-3750                          Office:  (713) 420-5855
Fax:    (713) 420-3632                          Fax:     (713) 420-4417