In this paper, a discrete memoryless wiretap channel with non-causal side information known at the encoder is considered. We (i) characterize capacity region for the Gaussian version of this channel by considering correlation between channel input and side information available at the transmitter; (ii) analyze the impact of correlation on the performance of physical layer security in a Rayleigh fading wiretap channel by deriving closed-form expressions on the average secrecy capacity (ASC) and secrecy outage probability (SOP). Further, to more show the impact of side information, asymptotic behavior of SOP is studied. Numerical evaluation of theoretical results is done finally.