8-K

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): August 5, 2004

SABINE ROYALTY TRUST

(Exact name of Registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)	1-8424 (Commission File Number)	76-6297143 (I.R.S. Employer Identification No.)
Trust Division Royalty Trust Group Bank of America, N.A. 901 Main Street, 17th Floor Dallas, Texas (Address of principal executive offices)		75202 (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)

TABLE OF CONTENTS

	Item 7. Financial Statements and Exhibits.
	Item 12. Results Of Operations And Financial Condition.
SIGNATURES
EXHIBIT INDEX
Press Release

Item 7. Financial Statements and Exhibits.

     c. Exhibits

99.1 Press Release dated August 5, 2004.

Item 12. Results Of Operations And Financial Condition.

     On August 5, 2004, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on August 16, 2004. 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: August 6, 2004

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release dated August 5, 2004.

EX-99.1

Exhibit 99.1

Sabine Royalty Trust

SABINE ROYALTY TRUST DECLARES
MONTHLY CASH DISTRIBUTION FOR AUGUST

Dallas, Texas, August 5, 2004 – 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 $0.23616 per unit, payable on August 30, 2004, to unit holders of record on August 16, 2004.

     Due to the timing of the end of the month of July, approximately $89,000 of revenue received will be posted in the following month of August in addition to normal receipts during August.

     This distribution reflects primarily the oil production for May 2004 and the gas production for April 2004. Preliminary production volumes are approximately 38,000 barrels of oil and 432,000 mcf of gas.

     The 2003 Annual Report/10-K and the 1st Quarter 2004 are now available. For those reports and more information on Sabine Royalty Trust, please visit our website at http://www.sbr-sabineroyalty.com/.

* * *

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