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): February 3, 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))

Item 2.02. Results of Operations and Financial Condition.

     On February 3, 2006, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on February 15, 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 9.01. Financial Statements and Exhibits.

c. Exhibits

99.1 Press Release dated February 3, 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: February 3, 2006

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release dated February 3, 2006.

EX-99.1

Exhibit 99.1

News Release

SABINE ROYALTY TRUST DECLARES
MONTHLY CASH DISTRIBUTION FOR FEBRUARY

     Dallas, Texas, February 3, 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 $0.43431 per unit, payable on February 28, 2006, to unit holders of record on February 15, 2006.

     Approximately $84,000.00 for 2005 ad valorem taxes is being deducted from this month’s distribution. This should complete the payment of these taxes for 2005. These payments are normal expenditures at this time of year. Also, due to the timing of the end of the month of January, approximately $225,000 of revenue received will be posted in the following month of February in addition to normal receipts during February. This distribution reflects primarily the oil production for November 2005 and the gas production for October 2005. Preliminary production volumes are approximately 41,595 barrels of oil and 472,674 mcf of gas. Preliminary prices are approximately $54.06 per barrel of oil and $10.41 per mcf of gas.

     Sabine Production Partners, LP (“SPP”) announced on January 31, 2006 that it is suspending indefinitely its previously-announced solicitation of proxies from unitholders of Sabine Royalty Trust. SPP is not withdrawing or abandoning its Registration Statement or Proxy Statement/Prospectus. No recommencement of the solicitation will occur without a public announcement to that effect by SPP and the making of appropriate filings with the SEC. Until such announcement and filings, SPP has stated that it will not attempt to call a meeting of SBR unitholders using any proxies that have been submitted prior to recommencement.

     If a unitholder has submitted a proxy card and wishes to revoke such proxy, the unitholder may revoke the authorization to call the meeting by submitting a written notice to SPP’s General Partner

stating his or her intention to revoke before the meeting demand is sent to the Trustee. At this time a meeting has not been called for.

     If a meeting is called, a unitholder may revoke a proxy at any time before it is voted at the meeting by filing with SPP’s General Partner a duly executed revocation of proxy, by submitting a duly executed proxy with a later date or by appearing at the meeting and voting in person. Unitholders may revoke a proxy by any of these methods, regardless of the method used to deliver a unitholder’s previous proxy.

     Sabine Production Partners, LP is not affiliated with Sabine Royalty Trust.

     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