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


                                   ----------

                                    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): AUGUST 5, 2003



                              SABINE ROYALTY TRUST
             (Exact name of Registrant as specified in its charter)



            DELAWARE                       1-8424               76-6297143
(State or other jurisdiction of         (Commission          (I.R.S. Employer
incorporation or organization)          File Number)        Identification No.)


             TRUST DIVISION
           ROYALTY TRUST GROUP                                     75202
          BANK OF AMERICA, N.A.                                 (Zip Code)
       901 MAIN STREET, 17TH FLOOR
             DALLAS, TEXAS
(Address of principal executive offices)



     Registrant's Telephone Number, including area code:  (214) 209-2400


                                 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   Press Release dated August 5, 2003.


ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

        On August 5, 2003, the Registrant issued a press release announcing its
quarterly cash distribution to unitholders of record on August 15, 2003. The
press release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.

        This Report on Form 8-K is being furnished pursuant to Item 12, Results
of Operations and Financial Condition. 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.


                                SABINE ROYALTY TRUST

                                By: BANK OF AMERICA, N.A., TRUSTEE


                                    By: /s/ RON E. HOOPER
                                        ---------------------------------------
                                                     RON E. HOOPER
                                        Senior Vice President and Administrator

Date:  August 6, 2003




                                  EXHIBIT INDEX

<Table>
<Caption>
Exhibit
Number            Description
- ------            -----------
               
99.1              Press Release dated August 5, 2003.
</Table>