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 (Date of earliest event reported): March 2, 2004

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

Delaware     1-16417     74-2956831    
(State or other jurisdiction     (Commission     (IRS Employer    
of incorporation)    File Number)     Identification No.)    
                 
One Valero Place           78212    
San Antonio, Texas          Zip Code    
(Address of principal executive
offices)
               

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

_________________


Item 7.   Financial Statements and Exhibits.    
         
(c)   Exhibit    
         
99.1   Presentation by Valero L.P. (the "Partnership") March 2, 2004.    

Item 9.  Regulation FD Disclosure.

The Partnership is furnishing herewith certain data being presented to analysts and investors on March 2, 2004, at the RBC Capital Markets 2004 Master Limited Partnership Investor Conference. The presentation 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 hereunto duly authorized.

VALERO L.P.

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

   By:  Valero GP, LLC
           its general partner

Date: March 2, 2004        By:   /s/Bradley C. Barron    
       Name:   Bradley C. Barron
       Title:     Corporate Secretary

EXHIBIT INDEX

        Number   Exhibit    
        99.1   Presentation by Valero L.P. (the "Partnership") on March 2, 2004.    

Exhibit 99.1