<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d07553e8vk.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): JULY 18, 2003



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



                TEXAS                      1-8033             75-6280532
(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 July 18, 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 July 18, 2003, the Registrant issued a press release announcing its
quarterly cash distribution to unitholders of record on July 31, 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.


                                PERMIAN BASIN ROYALTY TRUST


                                By:  BANK OF AMERICA, N.A., TRUSTEE FOR
                                     PERMIAN BASIN ROYALTY TRUST



                                By:  /s/ Ron E. Hooper
                                     -----------------------------------------
                                     Ron E. Hooper
                                     Senior Vice President, Royalty Management

Date: July 24, 2003


<PAGE>
                                  EXHIBIT INDEX

<Table>
<Caption>
    Exhibit
    Number         Description
    -------        -----------
    <S>            <C>
     99.1          Press Release dated July 18, 2003.
</Table>





</TEXT>
</DOCUMENT>
