EXHIBIT 99.1

*LL&E-ROYALTY TRUST

LL&E ROYALTY TRUST ANNOUNCES TRUST INCOME FOR DECEMBER 2003

LL&E ROYALTY TRUST

JPMORGAN CHASE BANK - TRUSTEE                         NEWS
                                                      RELEASE
===============================================================================

FOR IMMEDIATE RELEASE

AUSTIN, TEXAS (November 25, 2003) -- LL&E Royalty Trust (NYSE SYMBOL-LRT)
announced today the Trust income distribution for the month of December 2003.
This distribution represents amounts payable to the Trust with respect to
production for the month of September 2003. Unit holders of record on December
5, 2003 will receive a distribution of $664,091 or approximately $0.034968 per
Unit payable on December 15, 2003.

The Working Interest Owner, under the terms of the Trust Conveyance, is
permitted to escrow funds up to 125% of the estimated future costs such as
dismantlement costs and capital expenditures for the properties in which the
Trust has an interest (Special Cost Escrow). According to the most recent
reserve report, estimated dismantlement costs are $8.7 million for Jay Field
property, $2.3 million for South Pass 89 property and $2.2 million for Offshore
Louisiana property. The Working Interest Owner has informed the Trustee that it
has elected not to escrow any additional funds at this time. However, the
Working Interest Owner intends to continue to monitor each of the properties in
which the Trust has an interest for possible changes in relevant factors, which
may warrant a need for additional escrow. To date, the amounts escrowed for
future dismantlement costs total approximately $4.5 million for Jay Field
property, $2.6 million for South Pass 89 property and $3 million for the
Offshore Louisiana property. The amount escrowed on the Offshore Louisiana
property exceeds 125% of the estimated future dismantlement costs by
approximately $250,000. The Trust Conveyance permits, but does not require, the
Working Interest Owner to release the excess escrowed funds, and the Working
Interest Owner has informed the Trustee that it does not intend to release any
portion of the escrowed funds at this time.

Gross Proceeds prior to deductions for Production Costs for the month of
September 2003 by property is as follows: $1,652,153 for Jay Field property,
$88,445 for South Pass 89 property, and $767,889 for Offshore Louisiana
property.

Production Costs for the month of September 2003 by property is as follows:
$1,405,147 for Jay Field property, $112,601 for South Pass 89 property, and
$133,620 for Offshore Louisiana property.

The distribution includes no proceeds from the South Pass 89 property due to
excess production costs. Excess production costs to be recouped from future
proceeds at the South Pass 89 property total $24,156.04.

There was no deduction made for the Special Cost Escrow in September 2003. Fee
Lands Royalties for the month of September 2003 totaled $18,719. Trust related
expenses for the month of November 2003 totaled $48,972.



The Gross Proceeds, Production Costs and Special Cost Escrow numbers stated
above relate to each property as a whole. The Trust's interest in these
properties is 50% for Jay Field, 50% for South Pass 89 and 90% for Offshore
Louisiana.

The extent of future distributions from the properties in which the Trust has an
interest will continue to be dependent on normal factors associated with oil and
gas operations such as oil and gas production levels, prices and associated
cost, timing and extent of capital expenditures. In addition, the amount of
future distributions will depend on the amounts escrowed by the Working Interest
Owner as described above.

The trust income distribution announcement for the month of January will be made
on or about December 26, 2003.



CONTACT: LL&E ROYALTY TRUST
         JPMORGAN CHASE BANK, AS TRUSTEE
         MIKE ULRICH
         (800) 852-1422
         WWW.BUSINESSWIRE.COM/CNN/LRT.HTM