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:  March 16, 2004
        (Date of Earliest Event Reported:  March 16, 2004)

                        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 and Regulation FD Disclosure
         -----------------------------------------

     On  March  16, 2004, we announced that we received waivers  on
our  $3  billion  revolving credit facility that  are  required  to
address  potential issues related to our recently announced reserve
revisions. These waivers address the expected delay in our Form 10-
K  filings  and the impact of a potential restatement of previously
reported  financial  results.  A copy  of  this  press  release  is
attached as Exhibit 99.A and is incorporated herein by reference.

Item 7.  Financial Statements and Exhibits
         ----------------------------------
          (c)  Exhibits.

                Exhibit
                 Number    Description
                --------   ------------
                  99.A     Press Release dated March 16, 2004.


                            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:  March 16, 2004



                           EXHIBIT INDEX

     Exhibit
     Number       Description
     --------     ------------
      99.A        Press Release dated March 16, 2004.