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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 Form 10-Q
 þ
    
    Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 For the quarterly period ended September 30, 2005
 or
 o
    
    Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 For
the transition period from  
 to
 Commission File Number: 1-11608
 WILLIAMS COAL SEAM GAS ROYALTY TRUST
  Delaware
    
    75-6437433(State or other jurisdiction
of incorporation or
organization)
    
    (I.R.S. Employer
Identification No.)
 
 
 þ o
 þ o
 o þ
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TABLE OF CONTENTS  PART I  FINANCIAL INFORMATIONItem 1. Financial StatementsItem 2. Trustee's Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II  OTHER INFORMATIONItems 1 through 5Item 6. ExhibitsSIGNATURESINDEX TO EXHIBITSLetter Re: Unaudited Interim Financial InformationCertification by VP and Administrator - Section 302Certificate by Bank of America - Section 906    Table of Contents  
 PART I  FINANCIAL INFORMATION
 
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF ASSETS, LIABILITIES AND TRUST CORPUS (UNAUDITED)
 September 30,
    
    
    December 31,2005
    
    
    2004(Unaudited)ASSETSCurrent Assets  cash and cash equivalents
    
    $
    71,794
    
    
    $
    105,497Royalty interests in oil and gas properties
(less accumulated amortization
of $127,864,917 at
September 30, 2005 and
$126,354,339 at December 31,
2004) (Note 2)
    
    
    10,701,746
    
    
    
    12,212,324TOTAL ASSETS
    
    $
    10,773,540
    
    
    $
    12,317,821LIABILITIES AND TRUST CORPUSCurrent Liabilities:Accounts payable
    
    $
    39,426
    
    
    $
    32,751Trust corpus
 9,700,000 units of
beneficial interest authorized
and outstanding (Note 2)
    
    
    10,734,114
    
    
    
    12,285,070TOTAL LIABILITIES
AND TRUST CORPUS
    
    $
    10,773,540
    
    
    $
    12,317,821
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
 THREE MONTHS
    
    
    THREE MONTHSENDED
    
    
    ENDEDSeptember 30, 2005
    
    
    September 30, 2004Royalty income (Note 2)
    
    $
    3,663,181
    
    
    $
    4,128,702Interest income
    
    
    6,970
    
    
    
    2,865Total
    
    
    3,670,151
    
    
    
    4,131,567General and administrative
expenses (Note 4)
    
    
    (178,916
    )
    
    
    (149,266
    )Distributable income
    
    $
    3,491,235
    
    
    $
    3,982,301Distributable income per unit
(9,700,000 units) (Note 2)
    
    $
    .36
    
    
    $
    .41
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    Table of Contents   WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
 NINE MONTHS
    
    
    NINE MONTHSENDED
    
    
    ENDEDSeptember 30, 2005
    
    
    September 30, 2004Royalty income (Note 2)
    
    $
    10,661,304
    
    
    $
    11,652,389Interest income
    
    
    18,615
    
    
    
    6,309Total
    
    
    10,679,919
    
    
    
    11,658,698General and administrative
expenses (Note 4)
    
    
    (769,475
    )
    
    
    (621,385
    )Distributable income
    
    $
    9,910,444
    
    
    $
    11,037,313Distributable income per unit
(9,700,000 units) (Note 2)
    
    $
    1.02
    
    
    $
    1.14
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF CHANGES IN TRUST CORPUS (UNAUDITED)
 NINE MONTHS
    
    
    NINE MONTHSENDED
    
    
    ENDEDSeptember 30, 2005
    
    
    September 30, 2004Trust corpus, beginning of period
    
    $
    12,285,070
    
    
    $
    14,638,833Amortization of royalty interests (Note 2)
    
    
    (1,510,578
    )
    
    
    (1,828,672
    )Distributable income
    
    
    9,910,444
    
    
    
    11,037,313Distributions to Unitholders (Note 5)
    
    
    (9,950,822
    )
    
    
    (10,973,687
    )Trust corpus, end of period
    
    $
    10,734,114
    
    
    $
    12,873,787Distributions per unit
(9,700,000 units) (Note 5)
    
    $
    1.03
    
    
    $
    1.13
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
 1.
    
    TRUST ORGANIZATION AND PROVISIONS
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2.
    
    BASIS OF ACCOUNTING
  
    
    Revenues are recognized in the period in which amounts are received by the
Trust. General and administrative expenses are recognized on an accrual basis.
    
    Amortization of the Royalty Interests is calculated on a unit-of-production
basis and charged directly to trust corpus.
    
    Distributions to Unitholders are recorded when declared by the Trustee (See
Note 5).
    
    Loss contingencies are recognized in the period in which amounts are paid by
the Trust.
  3.
    
    FEDERAL INCOME TAXES
   4.
    
    RELATED PARTY TRANSACTIONS
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5.
    
    DISTRIBUTIONS TO UNITHOLDERS
    6.
    
    SUBSEQUENT EVENTSSubsequent to September 30, 2005, the Trust declared the following distribution:
 QuarterlyRecord
    
    Payment
    
    
    DistributionDate
    
    Date
    
    
    per UnitNovember 14, 2005
    
    November 29, 2005
    
    $
    .379323
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7.
    
    CONTINGENCIES
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Three Months and Nine Months Ended September 30, 2005 Compared to Three Months and Nine Months
Ended September 30, 2004
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Three Months
    
    
    Three MonthsEnded
    
    
    EndedJune 30, 2005
    
    
    June 30, 2004Production (MMBtu) (1)WI Properties
    
    
    3,359,651
    (2)
    
    
    3,857,349
    (3)Farmout Properties
    
    
    718,385
    
    
    
    866,571Blanco Hub Spot Price ($/MMBtu) (4)
    
    $
    5.96
    
    
    $
    5.08Net Wellhead Price WI Properties
($/MMBtu) (6)
    
    $
    2.68
    
    
    $
    2.38
 
 (1)
    
    Million British Thermal Units.(2)
    
    Includes favorable retroactive adjustments of 67,343 MMBtu.(3)
    
    Includes favorable retroactive adjustments of 139,816 MMBtu.(4)
    
    Weighted average of estimates for the months included in the period presented.   16




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Gulf of Mexico Hurricanes
  Forward-Looking Statements
  
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PART II  OTHER INFORMATION
 
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EXHIBIT NUMBER
    
    EXHIBIT15.1 
    
    Letter regarding unaudited interim financial information
dated November 7, 2005, from the Independent Registered
Public Accounting Firm which acknowledges awareness of the
use in registration statement of a report on unaudited
interim financial information.31.1 
    
    Certification by Ron E. Hooper, Senior Vice President and
Administrator of Bank of America, Trustee of Williams Coal
Seam Gas Royalty Trust, dated November 8, 2005, and
submitted pursuant to Rule 13a-14(a)/15d-14(a) and pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002.32.1 
    
    Certificate by Bank of America, Trustee of Williams Coal
Seam Gas Royalty Trust, dated November 8, 2005, and
submitted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002 (18 U.S.C. Section 1350).
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SIGNATURES
  WILLIAMS COAL SEAM GAS ROYALTY TRUSTBy:

    BANK OF AMERICA, N.A., TrusteeBy:

    /s/ RON E. HOOPERRon E. HooperSenior Vice President and Administrator
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INDEX TO EXHIBITS
 EXHIBIT NUMBER
    
    EXHIBIT15.1 
    
    Letter regarding unaudited interim financial information
dated November 7, 2005, from the Independent Registered
Public Accounting Firm which acknowledges awareness of the
use in registration statement of a report on unaudited
interim financial information.31.1 
    
    Certification by Ron E. Hooper, Senior Vice President and
Administrator of Bank of America, Trustee of Williams Coal
Seam Gas Royalty Trust, dated November 8, 2005, and
submitted pursuant to Rule 13a-14(a)/15d-14(a) and pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002.32.1 
    
    Certificate by Bank of America, Trustee of Williams Coal
Seam Gas Royalty Trust, dated November 8, 2005, and
submitted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002 (18 U.S.C. Section 1350).
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