1. Name and Address of Reporting Person
AUSTIN, H. BRENT
EL PASO CORPORATION
1001 LOUISIANA STREET
HOUSTON, TX 77002-
2. Issuer Name and Ticker or Trading Symbol
EL PASO CORPORATION (EP)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
PRESIDENT & COO
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+------------------------------+----------+----------+---------+--------------------------+--------------+-----------+------------+
|1. Title of Security |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ | +-----------+---+----------+ Year | Indirect| Owner- |
| | Year) | Year) | |Amount |A/D|Price | | (I) | ship |
+------------------------------+----------+----------+---------+-----------+---+----------+--------------+-----------+------------+
Common Stock 317938 D
Common Stock 3448 I 401(k) Plan
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative |Day/ |Day/ | +-----+-----+Date Exer-|Expira- | |of |Derivative|at End |direct |Owner-|
|Security |Security|Year) |Year) | |(A) |(D) |cisable |tion Date |Title |Shares |Security |of Year|(I) |ship |
+----------+--------+-------+-------+---------+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $9.105 11/06/2012 Common 15151 D
Option Stock
(right to
buy)
Stock $14.9688 01/12/2005 Common 6000 D
Option Stock
(right to
buy)
Stock $14.9688 01/13/2005 Common 24000 D
Option Stock
(right to
buy)
Stock $15.4063 01/12/2003 Common 30000 D
Option Stock
(right to
buy)
Stock $15.6875 01/19/2006 Common 40000 D
Option Stock
(right to
buy)
Stock $17.375 06/19/2006 Common 20000 D
Option Stock
(right to
buy)
Stock $18.4375 01/14/2004 Common 32800 D
Option Stock
(right to
buy)
Stock $35.4063 07/24/2008 Common 26250 D
Option Stock
(right to
buy)
Stock $42.125 10/25/2009 Common 125000 D
Option Stock
(right to
buy)
Stock $46.275 08/13/2011 Common 75000 D
Option Stock
(right to
buy)
Stock $62.975 01/29/2011 Common 148000 D
Option Stock
(right to
buy)
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ Alan Bishop (POA)
DATE
01/31/2003