ITEM 2.01 Completion of Acquisition or Disposition of Assets.
As previously announced by LL&E Royalty Trust (NYSE: LRT) (the "Trust"), the Trust is required by its governing documents to sell all of its assets, and is in the process of doing so. On November 11, 2009, the Trust sold a portion of its assets consisting of its royalty interests in the south Louisiana acreage described in the Trust's public filings as the "Fee Lands". The sale is expected to result in cash proceeds to the Trust, net of fees to the auction company conducting the sale, of $500,172. Fees payable to the auction company that conducted the sale totaled $24,828. The purchaser was ETROA Resources, LLC. The proceeds will be used to reduce the Trust's accounts payable, which were approximately $690,300 at October 27, 2009. A copy of a press release issued in connection with the sale is furnished herewith as Exhibit 99.1. ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release dated November 12, 2009.

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