<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d09221e8vk.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): SEPTEMBER 19, 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 September 19, 2003.


ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On September 19, 2003, the Registrant issued a press release announcing
its monthly cash distribution to unitholders of record on September 30, 2003.
The press release is attached hereto as Exhibit 99.1 and is incorporated herein
by reference.

     This Report on Form 8-K is being furnished pursuant to Item 12, Results of
Operations and Financial Condition. 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.


<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: September 24, 2003


<PAGE>


                                  EXHIBIT INDEX

<Table>
<Caption>
  Exhibit
  Number            Description
  ------            -----------

<S>                 <C>
  99.1              Press Release dated September 19, 2003.
</Table>





</TEXT>
</DOCUMENT>
