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 7, 2004
                       (Date of Earliest Event Reported)


                          LEUCADIA NATIONAL CORPORATION
             (Exact name of registrant as specified in its Charter)

                           Commission File No. 1-5721

       New York                                       13-2615557
----------------------------------------    ----------------------------------
(State of incorporation)                   (I.R.S. Employer Identification No.)



315 Park Avenue South, New York, NY                  10010-3607
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(Address of principal executive offices)             (Zip Code)



                                 (212) 460-1900
              (Registrant's telephone number, including area code)





Item 5.  Other Events.

     The information set forth in the press release issued by Leucadia  National
Corporation  on May 7, 2004,  attached  hereto as Exhibit 99.1, is  incorporated
herein by reference.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (c)    Exhibits.

                99.1 Press release of Leucadia  National  Corporation,  dated
                     May 7, 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 hereunto duly authorized.





                                            LEUCADIA NATIONAL CORPORATION




Date:  May 7, 2004                           By: /s/ Joseph A. Orlando
                                                -------------------------
                                                Joseph A. Orlando
                                                Vice President and
                                                Chief Financial Officer