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 Act of 1934





        Date of Report (Date of earliest event reported): August 6, 2003





                                   Valero L.P.
             (Exact name of registrant as specified in its charter)





          Delaware                       1-16417                 74-2956831
(State or other jurisdiction           (Commission            (I.R.S. Employer
      of incorporation)               File Number)           Identification No.)



                  One Valero Place                                 78212
                 San Antonio, Texas                             (Zip Code)
      (Address of principal executive offices)




                                 (210) 370-2000
              (Registrant's telephone number, including area code)








Item 7.       Financial Statements and Exhibits.

       (c)    Exhibit

              Exhibit No.  Description of Exhibit
              -----------  ----------------------

              99.1         News Release dated August 6, 2003, with respect to
                           the pricing of Valero L.P.'s 1,075,000 common units.

Item 9.    Regulation FD Disclosure.

Valero L.P. today announced the pricing of its 1,075,000  common units. The full
text of the press  release is set forth in Exhibit 99.1 hereto and  incorporated
by  reference  herein.  The  exhibit is not filed but is  furnished  pursuant to
Regulation FD.



                                   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.

                                    Valero L.P.

                                    By:    Riverwalk Logistics, L.P.
                                           its general partner

                                           By:  Valero GP, LLC
                                                its general partner


Dated:   August 6, 2003                         By: /s/ Bradley C. Barron
                                                   -----------------------------
                                                   Name: Bradley C. Barron
                                                   Title: Corporate Secretary