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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000930661-96-001706.txt : 19961125
<SEC-HEADER>0000930661-96-001706.hdr.sgml : 19961125
ACCESSION NUMBER:		0000930661-96-001706
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961122
SROS:			NYSE
GROUP MEMBERS:		BOB R. SIMPSON
GROUP MEMBERS:		CROSS TIMBERS OIL CO

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROSS TIMBERS ROYALTY TRUST
		CENTRAL INDEX KEY:			0000881787
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL ROYALTY TRADERS [6792]
		IRS NUMBER:				756415930
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-42423
		FILM NUMBER:		96671306

	BUSINESS ADDRESS:	
		STREET 1:		500 WEST SEVENTH ST STE 1300
		STREET 2:		P O BOX 1317
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76101-1317
		BUSINESS PHONE:		8173906592

	MAIL ADDRESS:	
		STREET 2:		P O BOX 1317
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76101-1317

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROSS TIMBERS OIL CO
		CENTRAL INDEX KEY:			0000868809
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				752347769
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		810 HOUSTON ST
		STREET 2:		STE 2000
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8178702800

	MAIL ADDRESS:	
		STREET 1:		810 HOUSTON STREET
		STREET 2:		STE 2000
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<DESCRIPTION>AMENDMENT NO. 2 TO SCHEDULE 13D
<TEXT>

<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13D

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 2)



                          Cross Timbers Royalty Trust
                          ---------------------------
                                (Name of Issuer)

                          Units of Beneficial Interest
                          ----------------------------
                         (Title of Class of Securities)

                                  22757R 10 9
                                 ---------------
                                 (CUSIP Number)


                                Louis G. Baldwin
                             Senior Vice President
                          and Chief Financial Officer
                           Cross Timbers Oil Company
                         810 Houston Street, Suite 2000
                            Fort Worth, Texas 76102
                                 (817) 870-2800
               -------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)



                                November 20, 1996
            -------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)



If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [  ].

Note:  Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to
be sent.

                                  Page 1 of 5
<PAGE>
 
   SCHEDULE 13D

- --------------------------------------------------------------------------------
   CUSIP No. 22757R 10 9
             -----------

- --------------------------------------------------------------------------------
   1)   Name of Reporting Person
        S.S. or I.R.S. Identification No. of Above Person

        Cross Timbers Oil Company
        -------------------------
        75-2347769
        ----------
- --------------------------------------------------------------------------------
   2)   Check the Appropriate Box if a Member of a Group (See Instructions)
        a) [ X ]  b) [    ]

- --------------------------------------------------------------------------------
   3)   SEC Use Only
 
- --------------------------------------------------------------------------------
   4)   Source of Funds (See Instructions)
        WC,  BK
        -------
- --------------------------------------------------------------------------------
   5)   Check Box if Disclosure of Legal    [  ]
        Proceedings is Required Pursuant
        to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
   6)   Citizenship or Place of Organization
        Delaware
        --------
- --------------------------------------------------------------------------------
                          7)  Sole Voting Power
   Number of Shares           567,140
   Beneficially Owned         -------
   by Each Reporting      ------------------------------------------------------
   Person With            8)  Shared Voting Power
                          ------------------------------------------------------
                          9)  Sole Dispositive Power
                              567,140
                              -------
                          ------------------------------------------------------
                          10)  Shared Dispositive Power
 
 
 
- --------------------------------------------------------------------------------
   11)  Aggregate Amount Beneficially Owned by Each Reporting Person
        567,140
        -------
- --------------------------------------------------------------------------------
   12)  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
        Instructions) [ X ]
- --------------------------------------------------------------------------------
   13)  Percent of Class Represented by Amount in Row (11)
        9.5%
        ----
- -------------------------------------------------------------------------------
   14)  Type of Reporting Person (See Instructions)
         CO
         --
- --------------------------------------------------------------------------------

                                  Page 2 of 5
<PAGE>
 
ONLY THE INFORMATION REPORTED FOR THE FOLLOWING ITEMS IN THIS AMENDMENT NO. 2 TO
SCHEDULE 13D ARE AMENDED FROM THE INITIAL FILING ON SCHEDULE 13D DATED 
OCTOBER 9, 1996 AND PRIOR AMENDMENTS THERETO (THE INITIAL SCHEDULE 13D, TOGETHER
WITH ALL PRIOR AMENDMENTS, BEING REFERRED TO HEREIN AS "THE SCHEDULE 13D").
UNLESS SPECIFICALLY HEREBY AMENDED, THE INFORMATION IN THE SCHEDULE 13D REMAINS
UNCHANGED. UNLESS OTHERWISE DEFINED HEREIN, ALL DEFINED TERMS USED HEREIN HAVE
THE SAME MEANING AS IN THE SCHEDULE 13D.


ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Item 3 is hereby amended as follows:

   As of November 22, 1996, the total cost of Units purchased by Cross Timbers
was $7.0 million.


ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER

Item 5 is hereby amended as follows:

   (a)  As of November 22, 1996, Cross Timbers beneficially owns 567,140 Units
or approximately 9.5% of the Issuer's outstanding Units of 6,000,000 at November
13, 1996, as reported in its Quarterly Report on Form 10-Q for its quarter ended
September 30, 1996.

   (b)  Cross Timbers has the sole voting power and dispositive power with
respect to the 567,140 Units it beneficially owns.

   (c)  Schedule II, attached hereto and incorporated herein by reference, lists
all transactions in the Units effected since November 11, 1996 and through
November 22, 1996 by Cross Timbers or Mr. Simpson or, to the knowledge of Cross
Timbers or Mr. Simpson, by any of the persons listed on Schedule I to the
Schedule 13D.

                                  Page 3 of 5
<PAGE>
 
SIGNATURES

   After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
 

                              CROSS TIMBERS OIL COMPANY



Date:  November 22, 1996      By: LOUIS G. BALDWIN
                                  -------------------------------------------
                                  Louis G. Baldwin
                                  Senior Vice President and Chief Financial
                                  Officer








                              BOB R. SIMPSON
                              -------------------------------------------
                              Bob R. Simpson
 

                                  Page 4 of 5
<PAGE>
 
SCHEDULE II TO SCHEDULE 13D

   The following lists all Unit purchases effected by Cross Timbers since
November 11, 1996 and through November 22, 1996.  All such purchases were open
market transactions.  Mr. Simpson has not effected any Unit transactions during
this period and, to the best of Cross Timbers' and Mr. Simpson's knowledge, none
of the persons listed in Schedule I of the Schedule 13D has effected any Unit
transactions during this period.

<TABLE>
<CAPTION>
                                Number     Price
                  Date          of Shares  per Share
                  --------      ---------  ---------
                  <S>            <C>       <C>
 
                  11/12/96        2,500    $13.500
                  11/13/96       19,500     13.500
                  11/15/96        3,700     13.500
                  11/19/96       26,000     13.904
                  11/20/96       24,000     14.000
                  11/22/96       51,000     14.498
 
</TABLE>

                                  Page 5 of 5
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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