Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Barron Bradley C
 2. Date of Event Requiring Statement (Month/Day/Year)
06/20/2006		 3. Issuer Name and Ticker or Trading Symbol
VALERO L P [VLI]
(Last)
(First)
(Middle)
P.O. BOX 696000		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP and General Counsel
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN ANTONIO, TX 78269-6000		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Units 681
D
 
Common Units 198 (1)
D
 
Common Units 344 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units 01/26/2009 01/26/2009 Common Units 540 $ (5) D  
Employee Unit Options (right to buy)   (3) 10/29/2013 Common Units 1,280 $ 45.35 D  
Employee Unit Options (right to buy)   (4) 10/28/2014 Common Units 1,975 $ 56.51 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Barron Bradley C
P.O. BOX 696000
SAN ANTONIO, TX 78269-6000		       VP and General Counsel  

Signatures

Amy L. Perry, as Attorney-in-Fact for Bradley C. Barron 06/20/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted units remaining unvested from original grant of 330 restricted units in 2003. According to the terms of the award, the restricted units vest annually in equal increments beginning in October 2004.
(2) Restricted units remaining unvested from original grant of 430 restricted units in 2004. According to the terms of the award, the restricted units vest annually in equal increments beginning in October 2005.
(3) 1,600 unit options were originally granted in October 2003. According to the terms of the award, the unit options granted vest annually in equal increments over a five-year period beginning October 2004.
(4) 1,975 unit options were originally granted in October 2004. According to the terms of the award, the units options granted vest annually in equal increments over a five-year period beginning October 2005.
(5) The performance units (granted in January 2006) vest annually in one-third increments beginning on the first anniversary of the grant date and are payable in common units in amounts ranging from zero to 200 percent of the number of performance units granted.

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