February 14, 1996


Securities and Exchange
Commission
450 Fifth Street, N.W.
Washington, D.C.  20549


Schedule 13G North European Oil Royalty Trust

Dear Sirs:

This notice is to inform you of an electronic filing (via
EDGAR), for SoGen International Fund, Inc., a Maryland
corporation (the "Fund"), and its investment adviser,
Societe Generale Asset Management Corp.,  a Delaware
corporation (the "Adviser"), of Schedule 13G pursuant to
Rule 13d-1(b) under the Securities Exchange Act of 1934, as
amended, relating to the ownership by the Fund of common
stock of North European Oil Royalty Trust, a New Jersey
corporation .  The Fund is an investment company registered
as such under Section 8 of the Investment Company Act of
1940, as amended, and the Adviser is an investment adviser
registered as such under Section 203 of the Investment
Advisers Act of 1940, as amended.

The filing fee of $100.00 payable to the Commission pursuant
to Rule 13d-7 has been wired to your account at Mellon Bank.
The Schedule 13G has been sequentially numbered in
conformity with Rule 0-3(b).

Should you have any further concerns or require additional
information do not hesitate to contact Margaret Hartman at
212 278-5848.


Sincerely yours,



/s/ Philip J. Bafundo
Philip J. Bafundo
Secretary

Enclosures

cc:    North European Oil Royalty Trust
                   New York Stock Exchange



                                        3045



SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC  20549
SCHEDULE 13G

Information statement pursuant to Rule 13d-1 and 13d-2
(Amendment No.  )(1)

North European Oil Royalty Trust
(Name of issuer)

Common Stock No Par Value Per Share
(Title of class of securities)

659310106
(CUSIP number)

Check the following box if a fee is being paid with this
statement [x].(A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule13d-7.)

(Continued on following page (s))

(Page 1 of 6 Pages)
_________
(1) The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
(however, see the Notes.).



13G

Page 2 of 6 Pages
CUSIP No. 659310106

1.   NAME OF REPORTING PERSONS S.S. OR I.R.S
IDENTIFICATION
     NO.OF ABOVE PERSONS

          SoGen International Fund, Inc. 132672902


2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   [ ]
(b)   [ ]


3.   SEC USE ONLY


4.   CITIZENSHIP OF PLACE OF ORGANIZATION

     Maryland

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH


5.   SOLE VOTING POWER

     0


6.   SHARED VOTING POWER

         442,500 Shared with its investment adviser, Societe
Generale Asset Management   Corp.


7.   SOLE DISPOSITIVE POWER

     0


8.   SHARED DISPOSITIVE POWER

         442,500 Shared with its investment adviser, Societe
Generale Asset Management   Corp.

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING
     PERSON

     442,500


10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES
     CERTAIN SHARES* [ ]


11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     5.32%


12.  TYPE OF REPORTING PERSON*

     IV


* SEE INSTRUCTIONS BEFORE
FILLING OUT 13G
Page 3 of 6 Pages


CUSIP No. 659310106


1.   NAME OF REPORTING PERSONS S.S. OR I.R.S.
IDENTIFICATION
NO. OF                                  ABOVE PERSONS

      Societe Generale Asset Management Corp. 133557071


2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   [ ]
(b)   [x]


3.   SEC USE ONLY


4.   CITIZENSHIP OF PLACE OF ORGANIZATION

     Delaware

         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH


5.   SOLE VOTING POWER

     0

6.   SHARED VOTING POWER
    650,000 Shared with its investment advisory clients.
                              
7.   SOLE DISPOSITIVE POWER
     0


8.   SHARED DISPOSITIVE POWER

650,000 Shared with its investment advisory clients.


9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING
PERSON

     650,000


10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9)EXCLUDES
CERTAIN SHARES* [ ]


11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     7.82%


12.  TYPE OF REPORTING PERSON*

     IA


* SEE INSTRUCTIONS BEFORE FILLING OUT




                        SCHEDULE 13G
    UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
                              
Item 1

(a) Name of Issuer: North European Oil Royalty Trust (the
"Issuer").

(b) Address of Issuer's Principal Executive
Offices: Suite 19A, 43 West Front Street, P.O. Box 456, Red
Bank, New Jersey 07701.



Item 2


(a) Names of Persons Filing: SoGen International Fund, Inc.,
a Maryland corporation (the "Fund"), and its investment
adviser Societe Generale Asset Management Corp., a Delaware
corporation (the "Adviser").

(b) Address of Principal Business Office: The principal
business offices of the Fund and the Adviser are located at
1221 Avenue of the Americas, New York, NY 10020.

(c) Citizenship: The Fund is a Maryland
corporation. The Adviser is a Delaware corporation.

(d) Title of Class of Securities: Common Stock No Par Value
Per Share (the "Shares"). (e) CUSIP Number: 659310106 Item 3

The persons filing this Schedule 13G are: (c) an investment
company registered under Section 8 of
the Investment Company Act of 1940, as amended (the "Fund"),
and(d) an investment adviser registered
under Section 203 of the Investment Advisers Act of 1940, as
amended (the "Adviser").


                         Page 4 of 6
                              
                              
Schedule 13G
Item 4

Ownership

(a) Amount Beneficially Owned:  The Fund beneficially owns

442,500 Shares.  The Adviser, owns 650,000 Shares

(b) Percentage of class: The Fund beneficially owns 5.32% of
the outstanding Shares.  The Adviser owns 7.82% of the
outstanding Shares. (c)
Number of Shares As to Which Such Persons Have: (i) sole
power to vote or direct the vote: The Fund:  442,500.  The
Adviser:  650,000.




(ii)  shared power to vote or direct the
vote:

None


(iii)  sole power to dispose or to direct the disposition of

The Fund:  442,500.  The Adviser:  650,000.

(iv)  shared power to dispose or to direct the
disposition of:

None


Item 5

Ownership of Five Percent or Less of a Class

Not Applicable.


Item 6

Ownership of More Than Five Percent on Behalf of Another
Person

Not Applicable.

Item 7
Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported On By the Parent
Holding Company Not Applicable.
Item 8
Identification and Classification of Members of the Group
Not Applicable.
Item 9
Notice of Dissolution of Group
Not Applicable.


Page 5 of 6




Schedule 13G




Item 10


Certification

By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the Issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purpose or
effect.

Signature.  After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.


Dated:   February 14,1996

SOGEN INTERNATIONAL FUND, INC.
By:        /s/ Jean-Marie Eveillard
JeanMarie Eveillard President

SOCIETE GENERALE ASSET MANAGEMENT CORP.
By: /s/Jean Marie Eveillard
Jean Marie Eveillard

President


                          
                          
                          
                          
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