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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Cross Timbers Royalty Trust
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(Name of Issuer)
Units of Beneficial Interest
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(Title of Class of Securities)
22757R 10 9
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(CUSIP Number)
Louis G. Baldwin
Senior Vice President
and Chief Financial Officer
Cross Timbers Oil Company
810 Houston Street, Suite 2000
Fort Worth, Texas 76102
(817) 870-2800
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 1, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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SCHEDULE 13D
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CUSIP No. 22757R 10 9
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1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Cross Timbers Oil Company
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75-2347769
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [X] b) [ ]
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3) SEC Use Only
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4) Source of Funds (See Instructions)
WC, BK
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5) Check Box if Disclosure of Legal [ ]
Proceedings is Required Pursuant
to Items 2(d) or 2(e)
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6) Citizenship or Place of Organization
Delaware
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7) Sole Voting Power
Number of Shares 440,440
Beneficially Owned -------
by Each Reporting -------------------------------------------------------
Person With 8) Shared Voting Power
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9) Sole Dispositive Power
440,440
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10) Shared Dispositive Power
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
440,440
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [X]
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13) Percent of Class Represented by Amount in Row (11)
7.3%
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14) Type of Reporting Person (See Instructions)
CO
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ONLY THE INFORMATION REPORTED FOR THE FOLLOWING ITEMS IN THIS AMENDMENT NO. 1 TO
SCHEDULE 13D ARE AMENDED FROM THE INITIAL FILING ON SCHEDULE 13D DATED
OCTOBER 9, 1996 ("THE SCHEDULE 13D"). UNLESS SPECIFICALLY HEREBY AMENDED, THE
INFORMATION IN THE SCHEDULE 13D REMAINS UNCHANGED. UNLESS OTHERWISE DEFINED
HEREIN, ALL DEFINED TERMS USED HEREIN HAVE THE SAME MEANING AS IN THE SCHEDULE
13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended as follows:
As of November 11, 1996, the total cost of Units purchased by Cross Timbers
was $5.2 million.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended as follows:
(a) As of November 11, 1996, Cross Timbers beneficially owns 440,440 Units
or approximately 7.3% of the Issuer's outstanding Units of 6,000,000 at August
12, 1996, as reported in its Quarterly Report on Form 10-Q for its quarter ended
June 30, 1996.
(b) Cross Timbers has the sole voting power and dispositive power with
respect to the 440,440 Units it beneficially owns.
(c) Schedule II, attached hereto and incorporated herein by reference,
lists all transactions in the Units effected since October 21, 1996 and through
November 11, 1996 by Cross Timbers or Mr. Simpson or, to the knowledge of Cross
Timbers or Mr. Simpson, by any of the persons listed on Schedule I to the
Schedule 13D.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
CROSS TIMBERS OIL COMPANY
Date: November 11, 1996 By: LOUIS G. BALDWIN
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Louis G. Baldwin
Senior Vice President and Chief Financial Officer
BOB R. SIMPSON
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Bob R. Simpson
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SCHEDULE II TO SCHEDULE 13D
The following lists all Unit purchases effected by Cross Timbers since
October 21, 1996 and through November 11, 1996. All such purchases were open
market transactions. Mr. Simpson has not effected any Unit transactions during
this period and, to the best of Cross Timbers' and Mr. Simpson's knowledge, none
of the persons listed in Schedule I of the Schedule 13D has effected any Unit
transactions during this period.
<TABLE>
<CAPTION>
Number Price
Date of Shares per Share
- ------------ --------- ---------
<S> <C> <C>
10/22/96 24,000 $12.995
10/30/96 5,000 13.000
10/31/96 27,500 13.496
11/1/96 9,500 13.500
11/4/96 3,400 13.500
11/7/96 1,800 13.500
11/8/96 400 13.500
11/11/96 3,000 13.500
</TABLE>
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