	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): December 7, 2004


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

Delaware	1-16417	74-2956831
(State or other jurisdiction	Commission File Number	(IRS Employee
of incorporation)		Identification No.)

	One Valero Way
	San Antonio, Texas			78249
	(Address of principal executive offices)			(Zip Code)

Registrant's telephone number, including area code: (210) 345-2000

_________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[X ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01

REGULATION FD DISCLOSURE

The Partnership is furnishing herewith certain information being presented to analysts and investors at the Wachovia Pipeline Conference and Symposium on December 7, 2004. The presentation is set forth in Exhibit 99.1 hereto and incorporated by reference herein.

The information in this report is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in this report, including the exhibit, will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01

FINANCIAL STATEMENTS AND EXHIBITS

99.1

Presentation by Valero L.P. (the "Partnership") December 7, 2004.

SIGNATURE

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: December 7, 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 December 7, 2004.

Exhibit 99.1