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 5, 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 5.     Other Events.

            Valero L.P. (the  "Partnership"),  is filing this Current  Report on
Form 8-K in connection  with the public  offering (the  "Offering")  of up to an
aggregate of 1,236,250 common units (the "Offered Units")  representing  limited
partner  interests in the Partnership,  including common units issuable pursuant
to an over-allotment option granted to the underwriter,  under the Partnership's
shelf  registration  statement on Form S-3  (Registration  No.  333-89978)  (the
"Registration  Statement"),  as supplemented by the Prospectus  Supplement dated
August 5, 2003  relating to the  Offered  Units  filed with the  Securities  and
Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as
amended.  The  sale  price of the  common  units  was  $41.15  per unit  with an
underwriting discount of $1.85.

            The opinions of Andrews & Kurth L.L.P.  attached as exhibits to this
Current Report relate to the Offering, and the opinion as to certain tax matters
(Exhibit 8.1)  replaces,  with respect to the  Offering,  the opinions as to tax
matters previously filed as exhibits to the Registration Statement. The opinions
of Andrews & Kurth L.L.P.  are being filed as exhibits to this Current Report in
lieu of filing  them as  exhibits to the  Registration  Statement  by means of a
post-effective amendment.  Instead, upon filing, this Current Report on Form 8-K
is incorporated by reference into the Registration Statement.  Accordingly, such
exhibits are also  incorporated by reference into the Registration  Statement as
exhibits thereto.

Item 7.       Financial Statements and Exhibits.

       (c)    Exhibit

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


                         
              1.1           Underwriting  Agreement  dated  August  5,  2003  by  and  among  Valero  L.P.,
                            Riverwalk Logistics,  L.P., Valero GP, LLC, Valero Logistics Operations,  L.P.,
                            Valero GP, Inc., and Lehman Brothers Inc.

              5.1           Opinion  of  Andrews  &  Kurth  L.L.P.  as to the  legality  of the  securities
                            registered.

              8.1           Opinion of Andrews & Kurth L.L.P. as to certain tax matters.

              23.1          Consent of Andrews & Kurth L.L.P. (included in Exhibits 5.1 and 8.1).

              23.2          Consent of Ernst & Young LLP

              99.1          Consolidated Balance Sheet of Riverwalk Logistics, L.P. as of March 31, 2003










                                   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