UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


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



        Date of Report (Date of earliest event reported): March 10, 2003



                                   VALERO L.P.
             (Exact name of registrant as specified in its charter)



             DELAWARE                    1-16417               74-2956831
   (State or other jurisdiction        (Commission          (I.R.S. Employer
         of incorporation)            File Number)         Identification No.)


               ONE VALERO PLACE                                   78212
              SAN ANTONIO, TEXAS                                (Zip Code)
   (Address of principal executive offices)



                                 (210) 370-2000
              (Registrant's telephone number, including area code)




ITEM 5. OTHER.

         On March 10, 2003, Valero L.P. issued a news release announcing the
public offering of 5,750,000 common units. A copy of the news release is
attached as Exhibit 99.1 to this report and is incorporated by reference into
this Item 5.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

    (c)  EXHIBIT

         Exhibit No.    Description of Exhibit

            99.1        News Release dated March 10, 2003, with respect to
                        Valero L.P.'s public offering of 5,750,000 common units.






                                   SIGNATURES


         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.


                                         Valero L.P.


                                         By: Riverwalk Logistics, L.P.
                                             its general partner

                                             By: Valero GP, LLC
                                                 its general partner


Dated: March 14, 2003                            By:    /s/ Bradley C. Barron
                                                 Name:  Bradley C. Barron
                                                 Title: Corporate Secretary






                                 EXHIBIT INDEX

         Exhibit No.    Description of Exhibit

            99.1        News Release dated March 10, 2003, with respect to
                        Valero L.P.'s public offering of 5,750,000 common units.