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): January 6, 2006

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)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 2.02. Results of Operations and Financial Condition.
	Item 8.01. Other Events.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Press Release
Press Release

Item 2.02. Results of Operations and Financial Condition.

     On January 6, 2006, the Registrant issued a press release announcing, among other things, its monthly cash distribution to unitholders of record on January 17, 2006. A copy of 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 2.02, 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.

Item 8.01. Other Events.

     In its press release dated January 6, 2006, the Registrant also disclosed that it had received information that a proxy statement had been mailed to unitholders of record and unitholders who hold units through brokerage accounts. Neither the Registrant nor the trustee of the Registrant has stated a position on the merits of the proposal contained therein. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     On January 6, 2006, the Registrant issued a second press release to clarify the description of the proxy voting procedures contained in the earlier press release. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

c. Exhibits

99.1	Press Release dated January 6, 2006.
99.2	Press Release dated January 6, 2006.

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: January 6, 2006

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated January 6, 2006.
99.2	Press Release dated January 6, 2006.

EX-99.1

Exhibit 99.1

Sabine Royalty Trust

News Release

SABINE ROYALTY TRUST DECLARES
MONTHLY CASH DISTRIBUTION FOR JANUARY;
PROXY STATEMENT FILED BY SABINE PRODUCTION PARTNERS, LP

     Dallas, Texas, January 6, 2006 — 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 $0.41419 per unit, payable on January 31, 2006, to unit holders of record on January 17, 2006.

     Approximately $324,000.00 for 2005 ad valorem taxes is being deducted from this month’s distribution as compared to $116,000.00 for 2004. These payments are normal expenditures at this time of year. Also, due to the timing of the end of the month of December, approximately $166,000 of revenue received will be posted in the following month of January in addition to normal receipts during January. This distribution reflects primarily the oil production for October 2005 and the gas production for September 2005. Preliminary production volumes are approximately 47,366 barrels of oil and 412,504 mcf of gas. Preliminary prices are approximately $55.84 per barrel of oil and $10.82 per mcf of gas.

     Sabine Royalty Trust has received information that a proxy statement has been mailed to unitholders of record and unitholders who hold the units through brokerage accounts. The solicitation received by unitholders concerns an initiative created by Sabine Production Partners, LP, an entity not affiliated with Sabine Royalty Trust, that seeks control of the assets of Sabine Royalty Trust and termination of the Trust. Sabine Royalty Trust was created in 1982 by Sabine Corporation in order to preserve these assets for future revenue distributions for all unitholders. Neither Sabine Royalty Trust nor the trustee has stated a position on the merits of Sabine Production Partners, LP’s proposal. We encourage each unitholder to closely read the

proxy statement and vote according to their respective decision as to whether the proposal is a sound one for them. However, each unitholder should definitely vote either “FOR,” “AGAINST,” or “ABSTAIN.” A vote not cast will be considered a vote “FOR” the proposal.

     This year, as it does after the end of each year, Sabine Royalty Trust is having a year-end Reserve Report prepared in accordance with the Securities and Exchange Commission’s requirements. The report provides an evaluation of the estimated asset value as of December 31 of each year, which can be used to estimate the remaining life of the Trust. The report will be an exhibit to the Trust’s Annual Report on Form 10-K that will be filed early in March 2006 and will be available to all unitholders at that time.

     For additional 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

EX-99.2

Exhibit 99.2

News Release

Sabine Royalty Trust

SABINE ROYALTY TRUST TRUSTEE CLARIFIES VOTING PROCEDURES FOR
PROXY STATEMENT FILED BY SABINE PRODUCTION PARTNERS, LP

     Dallas, Texas, January 6, 2006 — Bank of America, N.A., Dallas, Texas, as Trustee of the Sabine Royalty Trust (NYSE — SBR), earlier today issued a press release relating to information received by Sabine Royalty Trust regarding the recent mailing of a proxy statement to unitholders of record and unitholders who hold units through brokerage accounts. We would like to clarify the description of the proxy voting procedures contained in that earlier press release.

     We encourage each unitholder to closely read the proxy statement. If a unitholder executes and returns its proxy card, it will be counted for purposes of calling a meeting, irrespective of the manner in which a unitholder votes its units. If a proxy card is submitted, such unitholder should vote either “FOR,” “AGAINST,” or “ABSTAIN.” A properly executed proxy card that does not contain voting instructions will be voted “FOR” the proposal. If a unitholder does not wish to assist in Sabine Production Partners, LP’s efforts to call a meeting, simply do not return the proxy card. A proxy card not submitted cannot be counted as a vote “FOR” the proposal.

     For additional 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