CROSS TIMBERS ROYALTY TRUST — Director's Dealing 2004

Jan 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROSS TIMBERS ROYALTY TRUST (CRT)
CIK: 0000881787
Period of Report: 2003-09-02

Reporting Person: SHERMAN SCOTT G (Director XTO Energy Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-02	Units of Beneficial Interest	J	117	—	Acquired	117	Direct
2003-09-02	Units of Beneficial Interest	J	1877	—	Acquired	1877	Indirect

Footnotes

F1: The units of beneficial interest of Cross Timbers Royalty Trust were acquired as a result of a dividend paid by XTO Energy Inc. to XTO Energy stockholders of .007399 units of Cross Timbers Royalty Trust for each issued and outstanding share of XTO Energy common stock. The record date for the distribution was September 2, 2003 and the distribution date was September 18, 2003.