8-K

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): April 8, 2005

KAISER ALUMINUM & CHEMICAL CORPORATION

(Exact name of Registrant as Specified in its Charter)

Delaware	1-3605	94-0928288
(State of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
27422 Portola Parkway, Suite 350
Foothill Ranch, California		92610-2831
(Address of Principal Executive Offices)		(Zip Code)

(949) 614-1740

(Registrant’s telephone number, including area code)

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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

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

Item 8.01 Other Events

     On April 8, 2005, Kaiser Aluminum & Chemical Corporation (“KACC” or the “Company”) was notified that Logan & Company (“Logan”), the claims agent in the Company’s ongoing Chapter 11 reorganization proceedings, had filed a report with the United States Bankruptcy Court for the District of Delaware (the “Court”) indicating that a sufficient volume of creditors of four commodity-related subsidiaries had voted to accept their respective joint plans of liquidation (collectively, the “Liquidating Plans”). This will permit confirmation of the Liquidating Plans to proceed. The affected subsidiaries are Kaiser Alumina Australia Corporation (“KAAC”), Kaiser Finance Corporation (“KFC), Alpart Jamaica Inc. (“AJI”) and Kaiser Jamaica Corporation (“KJC”). Additional discussion regarding the Liquidating Plans of KAAC/KFC and AJI/KJC is included in KACC’s Annual Report on Form 10-K for the year ended December 31, 2004.

     The filing by Logan also indicated that holders of the Company’s 12-3/4% Senior Subordinated Notes (the “Sub Notes”), as a group, voted not to accept the Liquidating Plans. Accordingly, as discussed more fully in the Company’s Annual Report on Form 10-K, the Court will determine the allocation of distributions among holders of the Company’s 9-7/8% Senior Notes, 10-7/8% Senior Notes (together the “Senior Notes”), and the Sub Notes. Certain technical objections to the Liquidating Plans also have been filed. The Court will hold a hearing beginning on April 13 to hear and rule on the plan objections and the allocation of distributions among holders of the Senior Notes and the Sub Notes.

     The Court’s decisions regarding confirmation will be subject to appeal. No assurances can be provided as to whether or when the Liquidating Plans will be confirmed by the Court or ultimately consummated or, if confirmed and consummated, as to the amount of distributions to be made to individual creditors of the liquidating subsidiaries or the Company. Further, the Company cannot predict what the ultimate allocation of distributions among holders of the Senior Notes and the Sub Notes will be, when any such resolution will occur, or what impact any such resolution may have on the Company and its ongoing reorganization efforts.

     The Liquidating Plans relate exclusively to the interests in and related to alumina refineries in Jamaica and Australia and will have no impact on the normal ongoing fabricated products business unit or other continuing operations.

     The Company issued a press release regarding Logan’s report in the form attached hereto as Exhibit 99.1, which press release is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

( c )	Exhibits
	*      99.1 Press Release dated April 8, 2005

* 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)
	By:	/s/ Daniel D. Maddox
Dated: April 11, 2005		Daniel D. Maddox
		Vice President and Controller

EXHIBIT INDEX

Exhibit 99.1            Press Release dated April 8, 2005*

* Included with this filing.

EX-99.1

Exhibit 99.1

For Information: Scott Lamb
Telephone: (713) 332-4751
April 8, 2005

KAISER ALUMINUM NOTIFIED OF VOTING RESULTS FOR LIQUIDATING
PLANS IN CONNECTION WITH SALE OF INTERESTS IN AND RELATED TO
ALUMINA REFINERIES IN JAMAICA AND AUSTRALIA;
RELATED HEARING BEGINS ON APRIL 13

      FOOTHILL RANCH, California, April 8, 2005 — Kaiser Aluminum has been notified that Logan & Company, the claims agent in Kaiser’s Chapter 11 case, has filed a report with the U.S. Bankruptcy Court for the District of Delaware indicating that a sufficient volume of creditors (in number and amount) have voted to accept the two Liquidating Plans (as defined in Kaiser’s Form 10-K for 2004) filed in conjunction with the previously announced sale of Kaiser’s interests in and related to alumina refineries in Jamaica and Australia, to permit confirmation of the Plans to proceed.

      Kaiser’s Form 10-K for 2004 provides additional detail on the Liquidating Plans and the proposed distribution of cash proceeds in connection with the Plans. In addition, the Plans and related Disclosure Statements are posted in the Restructuring section of Kaiser’s web site at www.kaiseraluminum.com.

      The filing by Logan & Company also indicates that holders of the company’s 12-¾% Senior Subordinated Notes, as a group, voted not to accept the Plans. Accordingly, as discussed more fully in the company’s Form 10-K and the Disclosure Statements related to the Plans, the Court will determine the allocation of distributions among holders of the company’s 9-⅞% Senior Notes, 10-⅞% Senior Notes, and the 12-¾% Senior Subordinated Notes.

      Certain technical objections to the Plans have also been filed. The Court will hold a hearing beginning on April 13 to hear and rule on the plan objections and the allocation of distributions among holders of the company’s 9-⅞% Senior Notes, 10-⅞% Senior Notes, and the 12-¾% Senior Subordinated Notes.

      The Court’s decisions regarding confirmation will be subject to appeal. No assurances can be provided as to whether or when the Liquidating Plans will be confirmed by the Court or ultimately consummated or, if confirmed and consummated, as to the amount of distributions to be made to individual creditors of the liquidating subsidiaries or the company. Further, the company cannot predict what the ultimate allocation of distributions among holders of the company’s 9-⅞% Senior Notes, 10-⅞% Senior Notes, and the 12-¾% Senior Subordinated Notes will be, when any such resolution will occur, or what impact any such resolution may have on the company and its ongoing reorganization efforts.

      The Liquidating Plans relate exclusively to the interests in and related to alumina refineries in Jamaica and Australia and will have no impact on the normal ongoing fabricated products business unit or other continuing operations.

      Kaiser Aluminum (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

F-1016

Company press releases may contain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.