AUSTRALIAN CANADIAN OIL ROYALTIES LTD
RW, 1998-07-06
OIL ROYALTY TRADERS
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                     AUSTRALIAN-CANADIAN OIL ROYALTIES LTD.
                                  1304 Avenue L
                                 Cisco, TX 76437
                                 (254) 442-2658



                                  July 6, 1998




Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C.  20549


                                  Re:     AUSTRALIAN-CANADIAN OIL ROYALTIES LTD.
                                             (the "Company") SEC File No 0-24259

Gentlemen:

         The Company hereby withdraws its  registration  statement on Form 10-SB
under section 12(g) of the Securities Exchange Act of 1934 originally filed with
the Securities and Exchange Commission on May 14, 1998.


                                                         Very truly yours,

                                                         /s/ Robert Kamon
                                                         Robert Kamon, Secretary



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