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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): October 27, 2006


                               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.)


                THE BANK OF NEW YORK TRUST COMPANY, N.A., TRUSTEE
                             GLOBAL CORPORATE TRUST
                              221 WEST SIXTH STREET
                               AUSTIN, TEXAS 78701
                    (Address of principal executive offices)


       Registrant's Telephone Number, including area code: (800) 852-1422


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


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR240.14d-(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 7.01. REGULATION FD DISCLOSURE.

         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.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

         (d)  Exhibits.

              99.1     LL&E Royalty Trust Press Release dated October 27, 2006.


                                   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:  THE BANK OF NEW YORK TRUST COMPANY, N.A.,
                                       AS TRUSTEE


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


Date: October 27, 2006


Exhibit Index



Exhibit Number                              Description
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    99.1             Press Release dated October 27, 2006.