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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-01-504110.txt : 20010718
<SEC-HEADER>0000950134-01-504110.hdr.sgml : 20010718
ACCESSION NUMBER:		0000950134-01-504110
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010717
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20010717

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAN JUAN BASIN ROYALTY TRUST
		CENTRAL INDEX KEY:			0000319655
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL ROYALTY TRADERS [6792]
		IRS NUMBER:				756279898
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-08032
		FILM NUMBER:		1682717

	BUSINESS ADDRESS:	
		STREET 1:		BANK ONE TEXAS N A TRUST
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76113
		BUSINESS PHONE:		8178844630

	MAIL ADDRESS:	
		STREET 1:		1600 BANK ONE TOWER
		STREET 2:		500 THROCKMORTON
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102-3899
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d89090e8-k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>   1

================================================================================


                       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 17, 2001


                                -----------------


                          SAN JUAN BASIN ROYALTY TRUST
             (Exact name of Registrant as specified in the San Juan
                         Basin Royalty Trust Indenture)


           TEXAS                        1-8032                  75-6279898
      (State or other           (Commission File Number)     (I.R.S. Employer
jurisdiction of incorporation)                            Identification Number)

       BANK ONE, NA
     CORPORATE TRUST                                              76113
        DEPARTMENT                                             (Zip code)
      P.O. BOX 2604
    FORT WORTH, TEXAS
  (Address of principal
    executive offices)


       Registrant's telephone number, including area code: (817) 884-4630

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)


================================================================================

<PAGE>   2



ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

         (A) In a letter dated July 12, 2001, Bank One, NA, Trustee (the
"Trustee") of the San Juan Basin Royalty Trust (the "Trust"), notified Deloitte
& Touche LLP ("DT") of its decision to dismiss DT as the Trust's independent
auditors, effective July 12, 2001.

         (B) DT's reports on the Trust's consolidated financial statements for
the two fiscal years ended December 31, 1999 and December 31, 2000,
respectively, did not contain an adverse opinion or disclaimer of opinion, nor
were such reports qualified or modified as to uncertainty, audit scope or
accounting principles.

         (C) The Trustee recommended and approved DT's dismissal, as the Trust
does not have a Board of Directors.

         (D) During the Trust's two fiscal years ended December 31, 2000 and
through July 12, 2001, there were no disagreements with DT on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement(s), if not resolved to the satisfaction
of DT, would have caused it to make reference to the subject matter of the
disagreement(s) in connection with its reports covering such periods.

         (E) During the Trust's two fiscal years ended December 31, 2000 and
through July 12, 2001, there were no "Reportable Events" (hereinafter defined)
requiring disclosure pursuant to Item 304(a)(1)(v) of Regulation S-K. As used
herein, the term "Reportable Event" means any of the items listed in paragraphs
(a)(1)(v)(A)-(D) of Item 304 of Regulation S-K.

         (F) The Trust has requested that DT furnish it with a letter addressed
to the Securities and Exchange Commission stating whether or not it agrees with
the above statements. A copy of such letter, dated July 17, 2001, is attached
hereto as Exhibit 16.

         (G) On July 12, 2001, Bank One, NA, Trustee (the "Trustee") of the San
Juan Basin Royalty Trust (the "Trust") engaged Weaver and Tidwell, L.L.P.
("W&T") as the Trust's independent auditors. The decision to engage W&T was made
by the Trustee, as the Trust does not have a Board of Directors. During the two
fiscal years ended December 31, 2000 and through July 12, 2001, neither the
Trust nor anyone on its behalf consulted W&T regarding either (1) the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Trust's financial statements, nor did W&T provide to the Trust a written
report or oral advice regarding such principles or audit opinion; or (2) any
matter that was either the subject of a "disagreement," as such term is defined
in Item 304(a)(1)(iv), or a Reportable Event.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c) EXHIBITS.

    16   -    Letter, dated July 17, 2001.



<PAGE>   3



                                   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 hereunto duly authorized.

                                    BANK ONE, NA
                                    TRUSTEE OF THE SAN JUAN BASIN ROYALTY TRUST



                                    By: /s/ Lee Ann Anderson
                                        ---------------------------------------
                                        Lee Ann Anderson
                                        Vice President


Date: July 17, 2001


<PAGE>   4


                                 EXHIBIT INDEX


<TABLE>
<CAPTION>

EXHIBIT
NUMBER      DESCRIPTION
- -------     -----------
<S>         <C>
  16   -    Letter, dated July 17, 2001.
</TABLE>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16
<SEQUENCE>2
<FILENAME>d89090ex16.txt
<DESCRIPTION>LETTER REGARDING INDEPENDENT AUDITORS
<TEXT>

<PAGE>   1
                                                                      EXHIBIT 16


July 17, 2001


Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, D.C. 20549

Dear Sirs/Madams:

We have read and agree with the comments in Item 4 of Form 8-K of San Juan Basin
Royalty Trust dated July 17, 2001.

                                        Yours truly,

                                        /s/ DELOITTE & TOUCHE LLP

                                        Deloitte & Touche LLP


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