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 7, 2003
                                                         -------------


                        Philadelphia Suburban Corporation
                 ----------------------------------------------
                 (Exact Name of Registrant Specified in Charter)


       Pennsylvania                    001-06659                 23-1702594
----------------------------- -------------------------- -----------------------
      (State or Other              (Commission File           (I.R.S. Employer
      Jurisdiction of                   Number)              Identification No.)
      Incorporation)

           762 West Lancaster Avenue
            Bryn Mawr, Pennsylvania                       19010-3489
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   (Address of Principal Executive Offices)               (Zip Code)



       Registrant's telephone number, including area code: (610) 527-8000
                                                           --------------



                                 Not Applicable
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)






Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.

           (c)    Exhibits.

           99.1   Press Release, dated May 7, 2003, issued by Philadelphia
                  Suburban Corporation.

Item 9.    Regulation FD Disclosure.

The following information and exhibit are being furnished under "Item 12.
Disclosure of Results of Operations and Financial Condition."

         On May 7, 2003, Philadelphia Suburban Corporation issued a press
release announcing its first quarter 2003 earnings. The press release is being
furnished with this Current Report on Form 8-K as Exhibit 99.1 and is hereby
incorporated herein by reference.















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                                    SIGNATURE


         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.


                                Philadelphia Suburban Corporation


                                By: Roy H. Stahl
                                   ----------------------------------------
                                   Roy H. Stahl
                                   Executive Vice President and General Counsel



Dated: May 7, 2003








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                                  Exhibit Index
                                  -------------


         Exhibit
         -------

         99.1       Press Release, dated May 7, 2003, issued by Philadelphia
                    Suburban Corporation.