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): March 4, 2003
                                                          ---------------



                          The Williams Companies, Inc.
                          ----------------------------
             (Exact name of registrant as specified in its charter)



          Delaware                    1-4174                73-0569878
       ---------------           ---------------       -------------------
       (State or other             (Commission           (I.R.S. Employer
       jurisdiction of             File Number)        Identification No.)
       incorporation)



          One Williams Center, Tulsa, Oklahoma                  74172
        ----------------------------------------              ----------
        (Address of principal executive offices)              (Zip Code)



        Registrant's telephone number, including area code: 918/573-2000
                                                            ------------



                                 Not Applicable
          (Former name or former address, if changed since last report)



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Item 9. Regulation FD Disclosure.

         The Williams Companies, Inc. wishes to disclose for Regulation FD
purposes its press release dated March 4, 2003, filed herewith as Exhibit 99,
announcing the sale of its Memphis refinery.


         Pursuant to the requirements of the Securities Exchange Act of 1934,
Williams has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                             THE WILLIAMS COMPANIES, INC.


Date: March 6, 2003                          /s/ Brian K. Shore
                                             -----------------------------------
                                             Name:  Brian K. Shore
                                             Title: Corporate Secretary



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                                INDEX TO EXHIBITS




EXHIBIT
NUMBER            DESCRIPTION
-------           -----------
               

 99               Copy of Williams' press release dated March 4, 2003, publicly
                  announcing the matters reported herein.





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