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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-03-008482.txt : 20030521
<SEC-HEADER>0000950134-03-008482.hdr.sgml : 20030521
<ACCEPTANCE-DATETIME>20030521164528
ACCESSION NUMBER:		0000950134-03-008482
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030505
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SABINE ROYALTY TRUST
		CENTRAL INDEX KEY:			0000710752
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL ROYALTY TRADERS [6792]
		IRS NUMBER:				756297143
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08424
		FILM NUMBER:		03714819

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 830650
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75283-0650
		BUSINESS PHONE:		2145082400

	MAIL ADDRESS:	
		STREET 1:		PO BOX 830650
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75283-0650
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d05642e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                                  UNITED STATES
                       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 5, 2003





                              SABINE ROYALTY TRUST
             (Exact name of Registrant as specified in its charter)


          DELAWARE                    1-8424                     76-6297143
(State or other jurisdiction of     (Commission               (I.R.S. Employer
 incorporation or organization)     File Number)             Identification No.)




            TRUST DIVISION
          ROYALTY TRUST GROUP                                      75202
         BANK OF AMERICA, N.A.                                   (Zip Code)
      901 MAIN STREET, 17TH FLOOR
             DALLAS, TEXAS
(Address of principal executive offices)



       Registrant's Telephone Number, including area code: (214) 209-2400


                                 NOT APPLICABLE
              (Former name, former address and former fiscal year,
                         if changed since last report)








<PAGE>
ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         c. Exhibits

            99.1   Press Release dated May 5, 2003.


ITEM 9.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         This Report on Form 8-K is being furnished pursuant to Item 12, Results
of Operations and Financial Condition, but is furnished under Item 9 pursuant to
the Commission's instructions issued in Exchange Commission Release No.
34-47583. The information furnished is not deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to
the liabilities of that section and is not deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended.

      On May 5, 2003, the Registrant issued a press release announcing its
quarterly cash distribution to unitholders of record on May 15, 2003. The press
release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.



<PAGE>



                                   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.


                                            SABINE ROYALTY TRUST

                                            By:   BANK OF AMERICA, N.A., TRUSTEE


                                                  By: /s/ RON E. HOOPER
                                                      --------------------------
                                                            RON E. HOOPER
                                                      Senior Vice President and
                                                            Administrator

Date:    May 7, 2003



<PAGE>


                                  EXHIBIT INDEX

<Table>
<Caption>
         Exhibit
         Number            Description
         -------           -----------
<S>                        <C>
         99.1              Press Release dated May 5, 2003.
</Table>





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d05642exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>


                                                                    EXHIBIT 99.1


SABINE ROYALTY TRUST

                                  PRESS RELEASE

                          SABINE ROYALTY TRUST DECLARES
                        MONTHLY CASH DISTRIBUTION FOR MAY

         DALLAS, TEXAS, MAY 5, 2003 - Bank of America, N.A., Dallas, Texas, as
Trustee of the Sabine Royalty Trust (NYSE - SBR), today declared a cash
distribution to the holders of its units of beneficial interest of $0.26979 per
unit, payable on May 29, 2003, to unit holders of record on May 15, 2003.

         Due to the timing of the end of the month of April, approximately
$1,500,000 of revenue received will be posted in the following month of May in
addition to normal receipts during May. These revenues were not posted primarily
because of industry wide mergers of major oil companies which resulted in
wholesale changes of specific well and lease coding of revenue proceeds to the
Trust. These unannounced changes require intensive research on the part of the
Trust to accommodate and incorporate such changes into the revenue processing
flow. Once these changes are incorporated, this should alleviate the level of
revenues not distributed.

         For more information on Sabine Royalty Trust, please visit our website
at www.sbr-sabineroyalty.com.


                                      * * *

CONTACT:
      Ron E. Hooper, Senior Vice President
      Bank of America, N.A., Trustee
      (800) 365-6544








</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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