SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   __________

                                    FORM 8-K
                             Current Report Pursuant
                         To Section 13 or 15 (d) of the
                         Securities Exchange Act of 1934
                                   __________

          Date of Report (Date of Earliest Event Reported): May 12, 2003


                          Commission File Number 1-5721


                          LEUCADIA NATIONAL CORPORATION
             (Exact name of registrant as specified in its Charter)



        New York                                      13-2615557
(State or other jurisdiction            (I.R.S. Employer Identification Number)
of incorporation)


  315 Park Avenue South, New York, New York          10010-3607
 (Address of principal executive offices)            (Zip Code)



                                 (212) 460-1900
              (Registrant's telephone number, including area code)



                                       N/A
          (Former name or former address, if changed since last report)

                             ______________________




Item 5.    Other Events.

     The information set forth in the press release issued by Leucadia  National
Corporation,  attached  hereto  as  Exhibit  99.1,  is  incorporated  herein  by
reference.


Item 7.    Financial Statements and Exhibits.

           (c)    Exhibits

                    99.1 Press release of Leucadia  National  Corporation  dated
                         May 12, 2003.







                                   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 thereunto duly authorized.




                                          LEUCADIA NATIONAL CORPORATION




Date:  May 12, 2003                        By: /s/ Joseph A. Orlando
                                              -------------------------
                                              Joseph A. Orlando
                                              Vice President and
                                              Chief Financial Officer