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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950123-09-041270.txt : 20100111
<SEC-HEADER>0000950123-09-041270.hdr.sgml : 20100111
<ACCEPTANCE-DATETIME>20090904153110
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-09-041270
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090904

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-variant: SMALL-CAPS"><B>Thompson &#038; Knight llp</B></FONT>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><br>
<br>
<br>
DIRECT DIAL: (214)&nbsp;969-1763<br>
EMAIL: Amy.Curtis@tklaw.com
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><br><br><br> ATTORNEYS AND COUNSELORS<br><br>
1722 ROUTH STREET <B><B>&#149;</B> </B>SUITE 1500<br>
DALLAS, TEXAS 75201<br>
(214)&nbsp;969-1700<br>
FAX (214)&nbsp;969-1751<br>
www.tklaw.com
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">AUSTIN<br>
DALLAS<br>
FORT WORTH<br>
SAN ANTONIO<br>
HOUSTON<br>
NEW YORK<BR>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br><br style="font-size: 6pt">
ALGIERS<br>
LONDON<br>
MEXICO CITY<br>
MONTERREY<br>
PARIS<br>
RIO DE JANEIRO<br>
S&#195;O PAULO<br>
VIT&#211;RIA</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September
4, 2009
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U> <B>PRIVILEGED AND CONFIDENTIAL</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VIA EDGAR TRANSMISSION</B><BR>
<B>AND FACSIMILE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;H. Roger Schwall<BR>
Assistant Director<BR>
Securities and Exchange Commission<BR>
Mail Stop 7010<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Permian Basin Royalty Trust</B><br>
<B>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2008</B><br>
<B>Filed March&nbsp;2, 2009</B><br>
<B>Form&nbsp;10-Q for the Fiscal Quarter Ended March&nbsp;31, 2009</B><br>
<B>Filed May&nbsp;1, 2009</B><br>
<B>Form&nbsp;10-Q for the Fiscal Quarter Ended June&nbsp;30, 2009</B><br>
<B>Filed August&nbsp;10, 2009</B><br>
<B>File No.&nbsp;1-08033</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Mr.&nbsp;Schwall:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On behalf of Bank of America, N.A., (the &#147;<B><I>Trustee</I></B>&#148;), as trustee of the Permian Basin Royalty
Trust (the &#147;<B><I>Trust</I></B>&#148;), we have the following responses to the comments of the Staff of the Securities
and Exchange Commission (the &#147;<B><I>Staff</I></B>&#148;) contained in your letter dated August&nbsp;28, 2009 to Ron E.
Hooper. Our responses are based upon information provided to us by or on behalf of the Trustee.
Our responses are numbered to correspond to the numbers used to designate the Staff&#146;s comments in
your comment letter.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">H. Roger Schwall<BR>
Securities and Exchange Commission<BR>
September 4, 2009<BR>
Page 2

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2008 and Form&nbsp;10-Q for the Fiscal Quarter
Ended March&nbsp;31, 2009</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Controls and Procedures, page 18</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>We note your disclosure that your &#147;disclosure controls and procedures are effective in timely
alerting the Trustee to material information relating to the Trust required to be included in
the Trust&#146;s period filings with the &#091;SEC&#093;.&#148; Revise to clarify, if true, that your officers
also concluded that your controls and procedures are designed, and are effective, to ensure
that information required to be disclosed in the reports that you file or submit under the
Exchange Act is recorded, processed, summarized and reported, within the time periods
specified in the Commission&#146;s rules and forms. </I><U><I>See</I></U><I> Exchange Act Rule&nbsp;13a-</I><I>15(e)</I><I>.</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response: </B>We have included the following language in Controls and Procedures in the Trust&#146;s
Form 10-Q for the Fiscal Quarter ended June&nbsp;30, 2009 to enhance the disclosure to cover fully the
definition of disclosure controls and procedures as set forth in Exchange Act Rule&nbsp;13a-15(e), and
propose to include similar language in future filings:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;As of the end of the period covered by this report, the Trustee carried out an
evaluation of the effectiveness of the design and operation of the Trust&#146;s disclosure
controls and procedures pursuant to Exchange Act Rules&nbsp;13a-15 and 15d-15. Based upon that
evaluation, the Trustee concluded that the Trust&#146;s disclosure controls and procedures are
effective in recording, processing, summarizing and reporting, on a timely basis,
information required to be disclosed by the Trust in the reports that it files or submits
under the Securities Exchange Act of 1934 and are effective in ensuring that information
required to be disclosed by the Trust in the reports that it files or submits under the
Securities Exchange Act of 1934 is accumulated and communicated to the Trustee to allow
timely decisions regarding required disclosure.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2008.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Certifications, exhibit 31.1</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Please ensure that your certifications match the </I><U><I>exact</I></U><I> form set forth in Item
6</I><I>01(b)(31)</I><I> of Regulation&nbsp;S-K. For example, we note that you used the phrase &#147;annual report&#148;
instead of &#147;report&#148; throughout the certification and you omitted the word &#147;and&#148; at the end of
<font style="white-space: nowrap">
paragraph 4(d)</font></i><I>.</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response: </B>We propose in future filings to change all references from &#147;annual report&#148; in the
certification to &#147;report&#148; to conform to Item&nbsp;601(b)(31) of Regulation&nbsp;S-K and to add the word &#147;and&#148;
at the end of paragraph 4(d). The Trust&#146;s Form 10-Q for the Fiscal Quarter ended June&nbsp;30, 2009
reflects these corrections. We would propose, however, to continue to deviate from the exact form
of the certification in Item&nbsp;601(b)(31), as permitted by the Staff in its no-action letter issued
to Bank of America, N.A., as Trustee of the Trust, on November&nbsp;13, 2002. In that no-
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">H. Roger Schwall<BR>
Securities and Exchange Commission<BR>
September 4, 2009<BR>
Page 3

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">action letter, the Staff permitted certain deviations from the form, such as the use of
references to &#147;distributable income and changes in trust corpus&#148; in lieu of &#147;results of operations
and cash flows&#148; and permitted the Trustee to reference reliance on information provided by working
interest owners. In addition, the certificate does not reference generally accepted accounting
principles, since the Trust&#146;s financial statements are prepared on a modified cash basis of
accounting, rather than in accordance with generally accepted accounting principles.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Form&nbsp;10-Q for the Fiscal Quarter Ended June&nbsp;30, 2009</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Certifications, exhibit 32.1</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>We note your reference to the quarterly period ended March&nbsp;31, 2009 instead of June&nbsp;30, 2009
in the Section&nbsp;906 certification to your </I><I>Form 10-Q</I><I>. Please amend your </I><I>Form 10-Q</I><I> for the
quarter ended June&nbsp;30, 2009 with new certifications</I>.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Response: </B>We will file an amended Form 10-Q for the Fiscal Quarter ended June&nbsp;30, 2009
containing the corrected Section&nbsp;906 certification, in accordance with the attached draft
amendment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">The Trustee acknowledges that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#167;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> The Trustee is responsible for the adequacy and accuracy of the disclosure in the filing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#167;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any
action with respect to the filing; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#167;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Trustee may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person
under the federal securities laws of the United States.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please direct any questions or additional comments regarding this letter to the undersigned at
(214)&nbsp;969-1763.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">Sincerely,

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">/s/ Amy R. Curtis

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">Amy R. Curtis

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">cc.</TD>
    <TD>&nbsp;</TD>
    <TD>Douglas Brown, Securities and Exchange Commission<br>
Ron E. Hooper, Bank of America, N.A.</TD>
</TR>
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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