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): March 3, 2006

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	75202
Dallas, Texas	(Zip Code)
(Address of principal executive offices)

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 March 3, 2006, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on March 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 March 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: March 6, 2006

EXHIBIT INDEX

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

EX-99.1

Exhibit 99.1

News Release

SABINE ROYALTY TRUST DECLARES
MONTHLY CASH DISTRIBUTION FOR MARCH

     Dallas, Texas, March 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 $0.28242 per unit, payable on March 29, 2006, to unit holders of record on March 15, 2006.

     Due to the timing of the end of the month of February, approximately $669,000 of revenue received will be posted in the following month of March in addition to normal receipts during March. This distribution reflects primarily the oil production for December 2005 and the gas production for November 2005. Preliminary production volumes are approximately 24,712 barrels of oil and 351,183 mcf of gas. Preliminary prices are approximately $58.74 per barrel of oil and $9.19 per mcf of gas.

     The significant decline in both oil and gas production this month compared to last month is due primarily to the timing of the end of February. Most energy companies normally issue payment of royalties on or about the 25^th of every month and with February, a substantial amount of royalties are not received until after the revenue posting of February 28^th. The revenues received after that are posted within 30 days of receipt.

     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