EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]
CROSS TIMBERS ROYALTY TRUST
DECLARES AUGUST CASH DISTRIBUTION
Dallas, Texas, August 20, 2004 – Bank of America, N.A., as Trustee of the Cross Timbers Royalty Trust (NYSE – CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.198135 per unit, payable on September 15, 2004, to unitholders of record on August 31, 2004. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
|
| Underlying Sales |
| Average Price |
| ||||
|
| Oil |
| Gas |
| Oil |
| Gas |
|
|
|
|
|
|
|
|
|
|
|
Current Month |
| 21,700 |
| 186,000 |
| $35.55 |
| $6.38 |
|
|
|
|
|
|
|
|
|
|
|
Prior Month |
| 23,000 |
| 228,000 |
| $36.86 |
| $5.39 |
|
For more information on the Trust, please visit our web site at www.crosstimberstrust.com.
* * *
Contact: | Nancy G. Willis |
| Vice President |
| Bank of America, N.A. |
| Toll Free - 877/228-5084 |
| www.crosstimberstrust.com |
