FORM 8-K
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           ---------------------------




                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



       Date of Report (date of earliest event reported): January 21, 2004


                           KAISER ALUMINUM CORPORATION
             (Exact name of Registrant as Specified in its Charter)



                                    DELAWARE
                 (State or other jurisdiction of incorporation)



                                     1-9447
                            (Commission File Number)



                                   94-3030279
                     (I.R.S. Employer Identification Number)




      5847 SAN FELIPE, SUITE 2500
           HOUSTON, TEXAS                           77057-3268
(Address of Principal Executive Offices)            (Zip Code)

                                 (713) 267-3777
              (Registrant's telephone number, including area code)



Item 5.    Other Events

      On January 21, 2004, Kaiser Aluminum Corporation issued a press release
in the form attached hereto as Exhibit 99.1, which press release is incorporated
herein by reference.

Item 7.    Financial Statements and Exhibits

      (c)  Exhibits

           *Exhibit 99.1:  Press release dated January 21, 2004

---------------------------
*  Included with this filing

                                   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 hereunto duly authorized.



                                    KAISER ALUMINUM CORPORATION
                                          (Registrant)

                                    By:   /s/ Daniel D. Maddox
                                          Daniel D. Maddox
Dated:  January 21, 2004                  Vice President and Controller


                                  EXHIBIT INDEX


Exhibit 99.1:   Press release dated January 21, 2004