SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549

                         FORM 10-Q


(Mark One)

[X] Quarterly report pursuant to Section 13 or 15(d) of the 
      Securities Exchange Act of 1934

For the quarterly period ended   July 31, 1995    or

[  ] Transition report pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934

For the transition period from            to            .

Commission file number             1-8245                         
    

              NORTH EUROPEAN OIL ROYALTY TRUST                    

     Exact name of registrant as specified in its charter)

       DELAWARE                             22-2084119       
(State of organization)              (I.R.S. Employer I.D. No.)

   SUITE 19A, 43 WEST FRONT STREET, RED BANK, NEW JERSEY 07701    
          
           (Address of principal executive offices)

                     (908) 741-4008         
      (Registrant's telephone number, including area code) 
       

     Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
                      Yes  [X]        No      

Class                             Outstanding at July 31, 1995    
 
Units of Beneficial Interest              8,313,618  







                        SIGNATURE



     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 HEREUNTO DULY AUTHORIZED.
 




                        NORTH EUROPEAN OIL ROYALTY TRUST




                               John R. Van Kirk 
                             ---------------------                

                               John R. Van Kirk                   
                               Managing Director 

Dated: December 4, 1995




              NORTH EUROPEAN OIL ROYALTY TRUST

                         EXHIBIT INDEX
                         -------------

EXHIBIT
  NO.             DESCRIPTION
- -------           -----------

  27       Financial Data Schedule, which is submitted
           electronically to the Securities and Exchange
           Commission for information only and not filed.