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 Exchange Act of 1934

             Date of Report:  December 23, 2002
    (Date of Earliest Event Reported:  December 19, 2002)

                     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
   organization)

                      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 5. Other Events
        ------------

On  December  19,  2002, we updated our liquidity  position,
asset sales program and business plans.  A copy of our press
release is attached as  Exhibit  99.1 and  is  incorporated
herein  by reference.


Item 7. Financial Statements, ProForma Financial Information
        and Exhibits
        -----------------------------------------------------

          (c)  Exhibits.

                Exhibit
                 Number        Description
                --------       ------------
                  99.1     Press Release dated December 19, 2002.


                         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.

                              EL PASO CORPORATION

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

Dated: December 23, 2002


                        EXHIBIT INDEX

        Exhibit
         Number    Description
        --------   ------------
          99.1     Press Release dated December 19, 2002.