ITEM 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On September 29, 2009 LL&E Royalty Trust (the "Trust") was notified by The New York Stock Exchange (the "NYSE") that the Trust has until November 16, 2009 to cure its average closing price noncompliance and that, if the Trust fails to do so, the NYSE would have to initiate suspension and delisting procedures. As previously announced, the NYSE had previously notified the Trust that the Trust had fallen below the NYSE's continued listing standard relating to the average closing price of the Trust's securities and that, as such, the Trust was subject to the procedures outlined in sections 801 and 802 of the NYSE Listed Company Manual. Rule 802.01C of the NYSE Listed Company Manual requires that the securities have a minimum average closing price of not less than $1.00 during a consecutive 30 trading-day period.
As previously announced, the Trust intends to sell its assets and liquidate when practicable in light of market conditions, and in any case within the time period specified in the Trust's governing documents. ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release dated October 5, 2009.

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