U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Booke, Keith D.
7990 West IH 10
San Antonio, TX 78230
USA
2. Date of Event Requiring Statement (Month/Day/Year)
08/01/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
Valero Energy Corporation
VLO
5. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President Administration
6. If Amendment, Date of Original (Month/Day/Year)
08/11/97
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common Stock ($.01 par value) |7,780 |D | |
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Common Stock ($.01 par value) |923.17 |I |401(k) and other ongoing acquisition |
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| | |plans |
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<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship: | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (r|03/06/95 |03/06/02 |Common Stock |1,121 |$19.9192 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|(2) |03/13/07 |Common Stock |14,936 |$21.7186 |D | |
ight to buy) | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) As a result of the merger of Valero Energy Corporation ("VEC") with a
subsidiary of a third party registrant,
and the distribution of all of the issued and outstanding capital stock of
Valero Refining and Marketing Company
("VRMC") by VEC to the stockholders of record of VEC on July 31, 1997, VRMC
changed its name to Valero
Energy Corporation and commenced trading on the New York Stock Exchange on
August 1, 1997 under the ticker
symbol
"VLO."
(2) Options vest one-third annually over a three year period commencing March
13, 1997.
DATE
09/08/97
