FORM 8-K
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           ---------------------------




                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



       Date of Report (date of earliest event reported): February 12, 2002


                           KAISER ALUMINUM & CHEMICAL
                                   CORPORATION
             (Exact name of Registrant as Specified in its Charter)



                                    DELAWARE
                 (State or other jurisdiction of incorporation)



                                     1-3605
                            (Commission File Number)



                                   94-0928288
                     (I.R.S. Employer Identification Number)





      5847 SAN FELIPE, SUITE 2600
            HOUSTON, TEXAS                          77057-3010
(Address of Principal Executive Offices)            (Zip Code)




                                 (713) 267-3777
              (Registrant's telephone number, including area code)



Item 3.    Bankruptcy or Receivership

      On February 12, 2002, Kaiser Aluminum & Chemical Corporation, its
parent company, Kaiser Aluminum Corporation, and certain of their subsidiaries
filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code
in the United States Bankruptcy Court for the District of Delaware (the
"Bankruptcy Court"). In connection with the filings, Kaiser Aluminum Corporation
and Kaiser Aluminum & Chemical Corporation executed a definitive loan
agreement for $300 million in debtor-in-possession financing (the "DIP
Financing"). On February 13, 2002, the Bankruptcy Court entered an interim order
approving the use of up to $100 million of the DIP Financing.

      On February 12, 2002, Kaiser Aluminum Corporation issued two press
releases and on February 13, 2002, it issued one press release, in the forms
attached hereto as Exhibits 99.1, 99.2 and 99.3, respectively, which press
releases are incorporated herein by reference.

Item 7.    Financial Statements and Exhibits

      (c)  Exhibits

           *Exhibit 99.1: Press release dated February 12, 2002, regarding
                filing of a voluntary petition under Chapter 11 of the United
                States Bankruptcy Code
           *Exhibit 99.2: Press release dated February 12, 2002, regarding DIP
                Financing
           *Exhibit 99.3: Press release dated February 13, 2002, regarding
                interim order from the Bankruptcy Court concerning DIP Financing

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*  Included with this filing


                                   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 hereunto duly authorized.



                                    KAISER ALUMINUM & CHEMICAL
                                    CORPORATION
                                             (Registrant)


                                          /S/ Daniel D. Maddox
                                    By:   Daniel D. Maddox
Dated:  February 25, 2002                 Vice President and Controller





                                  EXHIBIT INDEX

*Exhibit 99.1: Press release dated February 12, 2002, regarding filing of a
   voluntary petition under Chapter 11 of the United States Bankruptcy Code
*Exhibit 99.2:  Press release dated February 12, 2002, regarding DIP Financing
*Exhibit 99.3: Press release dated February 13, 2002, regarding interim order
   from the Bankruptcy Court concerning DIP Financing

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*  Included with this filing