<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Statements of Assets, Liabilities and Trust Corpus at January 31, 1996 and the Statements of Income and Expenses on a Cash Basis for the Three Months Ended January 31, 1996 and is qualified in its entirety by reference to such financial statements and the accompanying notes. </LEGEND> <CIK> 0000072633 <NAME> NORTH EUROPEAN OIL ROYALTY TRUST <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> OCT-31-1996 <PERIOD-START> NOV-01-1995 <PERIOD-END> JAN-31-1996 <CASH> 2,482,210 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,482,210 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,482,210 <CURRENT-LIABILITIES> 2,411,304 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 70,906 <TOTAL-LIABILITY-AND-EQUITY> 2,482,210 <SALES> 0 <TOTAL-REVENUES> 2,709,418 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 243,157 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,466,261 <EPS-PRIMARY> .30 <EPS-DILUTED> .30