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:  May 3, 2004
          (Date of Earliest Event Reported:  May 3, 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  May  3,  2004,  we  announced  the  findings  of  an
independent review of the Audit Committee of our Board of Directors
concerning  the  revisions to  our  oil  and  natural gas reserves.
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 May 3, 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:  May 3, 2004

                           EXHIBIT INDEX

     Exhibit
     Number       Description
     -------      -----------
      99.A        Press Release dated May 3, 2004.