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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-03-015692.txt : 20031120
<SEC-HEADER>0000950134-03-015692.hdr.sgml : 20031120
<ACCEPTANCE-DATETIME>20031120133502
ACCESSION NUMBER:		0000950134-03-015692
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031117
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20031120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERMIAN BASIN ROYALTY TRUST
		CENTRAL INDEX KEY:			0000319654
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL ROYALTY TRADERS [6792]
		IRS NUMBER:				756280532
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08033
		FILM NUMBER:		031015165

	BUSINESS ADDRESS:	
		STREET 1:		BANK OF AMERICA N A TRUST DEPARTMENT
		STREET 2:		P O BOX 1317 NK OF TEXAS NA TRUST DEPT
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8173906905

	MAIL ADDRESS:	
		STREET 1:		1300 SUMMIT AVENUE SUITE 300
		CITY:			FORTH WORTH
		STATE:			TX
		ZIP:			76102
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d10803e8vk.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): NOVEMBER 17, 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 November 17, 2003.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

      On November 17, 2003, the Registrant issued a press release announcing its
monthly cash distribution to unit holders of record on November 28, 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: November 20, 2003

<PAGE>

                                  EXHIBIT INDEX

         Exhibit
         Number            Description
         ------            -----------

         99.1              Press Release dated November 17, 2003.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d10803exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>


                                                                    EXHIBIT 99.1

                           PERMIAN BASIN ROYALTY TRUST

                                                         NEWS RELEASE


                           PERMIAN BASIN ROYALTY TRUST
                      ANNOUNCES NOVEMBER CASH DISTRIBUTION


         DALLAS, TEXAS, NOVEMBER 17, 2003 - Bank of America, N.A., as Trustee of
the Permian Basin Royalty Trust (NYSE - PBT), today declared a cash distribution
to the holders of its units of beneficial interest of $0.060852 per unit,
payable on December 12, 2003, to unit holders of record on November 28, 2003.

         This month's distribution increased from the previous month primarily
due to decreased property tax payments and lower operating costs. Production for
Waddell Ranch and the Texas Royalty Properties combined for oil and gas
respectively was 61,010 bbls and 288,940 mcf. The average price for oil was
$26.32 per bbl and for gas was $4.70 per mcf. This would primarily reflect
production for the month of September. Capital expenditures were approximately
$178,771. These numbers provided reflect what was net to the Trust.

         For more information on Permian Basin Royalty Trust, please visit our
website at www.pbt-permianbasintrust.com.

                                      * * *


         Contact:   Ron E. Hooper
                    Senior Vice President
                    Bank of America, N.A.
                    Toll Free - 877.228.5085


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