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Sabine Royalty Trust Declares Monthly Cash Distribution for December
 
    DALLAS, Dec. 5 /PRNewswire-FirstCall/ -- Bank of America, N.A., Dallas,
Texas, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a
cash distribution to the holders of its units of beneficial interest of
$0.09878 per unit, payable on December 30, 2002, to unit holders of record on
December 16, 2002.
    Due to the timing of the Thanksgiving holiday and the end of the month of
November, approximately $1,100,000 of revenue will be posted in the following
month of December in addition to normal receipts during December.  Also, a new
revenue accounting system was installed in November which will provide more
efficient processing of funds.
SOURCE Sabine Royalty Trust



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    CONTACT:
    Ron E. Hooper, Senior Vice President of Bank
    of America, N.A., +1-800-365-6541, for Sabine Royalty Trust
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