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): August 26, 2003



                               LL&E ROYALTY TRUST
             (Exact name of Registrant as specified in its charter)



                                                                                  
                 TEXAS                                 1-8518                               76-6007940
    (State or other jurisdiction of                  (Commission                         (I.R.S. Employer
     incorporation or organization)                  File Number)                       Identification No.)



      JPMORGAN CHASE BANK, TRUSTEE
      INSTITUTIONAL TRUST SERVICES
              700 LAVACA
             AUSTIN, TEXAS                                                                     78701
(Address of principal executive offices)                                                    (Zip Code)



       Registrant's Telephone Number, including area code: (512) 479-2562


                                 NOT APPLICABLE
              (Former name, former address and former fiscal year,
                          if changed since last report)



ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

        (c)    Exhibits.

               99.1     LL&E Royalty Trust Press Release dated August 26, 2003.

ITEM 9. REGULATION FD DISCLOSURE.

        See Item 12.  Results of Operations and Financial Condition.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

        Attached as Exhibit 99.1 is a press release issued on behalf of the
Registrant. 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.







                                   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.


                               LL&E ROYALTY TRUST

                               By:  JPMorgan Chase Bank, as Trustee



                                        By:  /s/ Mike Ulrich
                                            -----------------------------------
                                        Name:    Mike Ulrich
                                        Title:   Senior Vice President

Date: August 26, 2003



Exhibit Index


Exhibit Number                 Description
- --------------                 -----------

    99.1              Press Release dated August 26, 2003.