8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): OCTOBER 3, 2003

                              SABINE ROYALTY TRUST
             (Exact name of Registrant as specified in its charter)

         DELAWARE                          1-8424                76-6297143
(State or other jurisdiction of          (Commission          (I.R.S. Employer
incorporation or organization)           File Number)        Identification No.)


            TRUST DIVISION
          ROYALTY TRUST GROUP
         BANK OF AMERICA, N.A.
      901 MAIN STREET, 17TH FLOOR
             DALLAS, TEXAS                                           75202
(Address of principal executive offices)                           (Zip Code)

       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)


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         c. Exhibits

            99.1   Press Release dated October 3, 2003.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

       On October 3, 2003, the Registrant issued a press release announcing its
quarterly cash distribution to unitholders of record on October 15, 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.


                                   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.

                               SABINE ROYALTY TRUST

                               By: BANK OF AMERICA, N.A., TRUSTEE

                                   By: /s/ RON E. HOOPER
                                       ---------------------------------------
                                       RON E. HOOPER
                                       Senior Vice President and Administrator

Date: October 7, 2003



                                  EXHIBIT INDEX



Exhibit
Number                          Description
- -------           ------------------------------------
               
   99.1           Press Release dated October 3, 2003.

EX-99.1

                              SABINE ROYALTY TRUST

                                                                    NEWS RELEASE

                          SABINE ROYALTY TRUST DECLARES
                      MONTHLY CASH DISTRIBUTION FOR OCTOBER

         DALLAS, TEXAS, OCTOBER 3, 2003 - Bank of America, N.A., Dallas, Texas,
as Trustee of the Sabine Royalty Trust (NYSE - SBR), today declared a cash
distribution to the holders of its units of beneficial interest of $0.18215 per
unit, payable on October 29, 2003, to unit holders of record on October 15,
2003.

         Approximately $530,000 for ad valorem taxes for 2003 is being deducted
from this month's distribution as compared to $650,000 for 2002. These payments
are normal expenditures at this time of year. Also, due to the timing of the end
of the month of September, approximately $892,000 of revenue received will be
posted in the following month of October in addition to normal receipts during
October.

         Effective July 1, 2003, unit holders who are not Oklahoma residents are
subject to a new 5% Oklahoma income tax withholding tax. The withholding tax
applies to the Oklahoma share of the Trust's income. The withholding tax reduces
the amount of cash that the unit holders who are not Oklahoma residents are
receiving in this distribution. The Oklahoma Tax Commission ("OTC") is in the
process of updating its website to include information about this new
withholding tax. The OTC's website address is:
http://www.oktax.state.ok.us/passwith.html. More specific tax information as to
timing and filing of the tax withheld will follow soon.

         For more information on Sabine Royalty Trust, please visit our website
at www.sbr-sabineroyalty.com.

                                      * * *

         Contact: Ron E. Hooper
                  Senior Vice President
                  Bank of America, N.A.
                  Toll Free - 800.365.6541