##### Table of Contents



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 endedMarch 31, 2008
 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
    
    (I.R.S. Employerof incorporation or
    
    Identification No.)organization)
 
 
 þ o
  Large accelerated filer o
    
    Accelerated filer þ
    
    Non-accelerated filer o
    
    Smaller reporting company o
  o þ




---



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 INFORMATIONItem 6. ExhibitsSIGNATURESINDEX TO EXHIBITSLetter Regarding Unaudited Interim Financial InformationCertification by Ron E. Hooper, Senior Vice President and Administrator Pursuant to Section 302Certificate Pursuant to Section 906    Table of Contents  
 PART I  FINANCIAL INFORMATION




---



##### Table of Contents








---



##### Table of Contents



WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF ASSETS, LIABILITIES AND TRUST CORPUS (UNAUDITED)
 March 31,
    
    
    December 31,2008
    
    
    2007ASSETSCurrent Assets  cash and cash equivalents
    
    $
    62,475
    
    
    $
    73,931Royalty interests in oil and gas properties
(less accumulated amortization
of $132,003,307 at
March 31, 2008 and
$131,695,632 at December 31,
2007) (Note 2)
    
    
    6,563,357
    
    
    
    6,871,032TOTAL ASSETS
    
    $
    6,625,832
    
    
    $
    6,944,963LIABILITIES AND TRUST CORPUSCurrent Liabilities:Accounts payable
    
    $
    58,316
    
    
    $
    66,986Trust corpus  9,700,000 units of
beneficial interest authorized
and outstanding (Note 2)
    
    
    6,567,516
    
    
    
    6,877,977TOTAL LIABILITIES
AND TRUST CORPUS
    
    $
    6,625,832
    
    
    $
    6,944,963




---



##### Table of Contents



WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
 THREE MONTHS
    
    
    THREE MONTHSENDED
    
    
    ENDEDMarch 31, 2008
    
    
    March 31, 2007Royalty income (Note 2)
    
    $
    2,034,650
    
    
    $
    2,312,842Interest income
    
    
    4,476
    
    
    
    10,136Total
    
    
    2,039,126
    
    
    
    2,322,978General and administrative
expenses (Note 4)
    
    
    (299,715
    )
    
    
    (344,904
    )Distributable income
    
    $
    1,739,411
    
    
    $
    1,978,074Distributable income per unit
(9,700,000 units) (Note 2)
    
    $
    .18
    
    
    $
    .20




---



##### Table of Contents



WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF CHANGES IN TRUST CORPUS (UNAUDITED)
 THREE MONTHS
    
    
    THREE MONTHSENDED
    
    
    ENDEDMarch 31, 2008
    
    
    March 31, 2007Trust corpus, beginning of period
    
    $
    6,877,977
    
    
    $
    8,316,439Amortization of royalty interests (Note 2)
    
    
    (307,675
    )
    
    
    (372,065
    )Distributable income
    
    
    1,739,411
    
    
    
    1,978,074Distributions to Unitholders (Note 5)
    
    
    (1,742,197
    )
    
    
    (2,025,165
    )Trust corpus, end of period
    
    $
    6,567,516
    
    
    $
    7,897,283Distributions per unit
(9,700,000 units) (Note 5)
    
    $
    .18
    
    
    $
    .21




---



##### Table of Contents



WILLIAMS COAL SEAM GAS ROYALTY TRUST
 NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
 1. TRUST ORGANIZATION AND PROVISIONS




---



##### Table of Contents








---



##### Table of Contents



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.




---



##### Table of Contents



3. FEDERAL INCOME TAXES
     4. RELATED PARTY TRANSACTIONS




---



##### Table of Contents



5. DISTRIBUTIONS TO UNITHOLDERS
    6. SUBSEQUENT EVENTS




---



##### Table of Contents



QuarterlyRecord
    
    Payment
    
    DistributionDate
    
    Date
    
    per UnitMay 15, 2008
    
    May 30, 2008
    
    $ 0.187237
  7. CONTINGENCIES




---



##### Table of Contents



Item 2.
    
    Trustees Discussion and Analysis of Financial Condition and Results of Operations.




---



##### Table of Contents



Three Months Ended March 31, 2008 Compared to Three Months Ended March 31, 2007




---



##### Table of Contents



Three Months
    
    Three MonthsEnded
    
    EndedDecember 31, 2007
    
    December 31, 2006Production (MMBtu) (1)WI Properties
    
    
    1,152,481
    (2)
    
    
    1,254,473
    (3)Farmout Properties
    
    
    288,197
    
    
    
    337,681Blanco Hub Spot Price ($/MMBtu) (4)
    
    $
    5.89
    
    
    $
    5.42Net Wellhead Price WI Properties
($/MMBtu)
    
    $
    2.56
    
    
    $
    2.24
 
 (1)
    
    Million British Thermal Units.(2)
    
    Includes retroactive adjustments of (75,500) MMBtu.(3)
    
    Includes retroactive adjustments of (45,534) MMBtu.(4)
    
    Simple average of estimates for the months included in the period presented.




---



##### Table of Contents



Termination and Liquidation of the Trust




---



##### Table of Contents








---



##### Table of Contents



Forward-Looking Statements
  
 Item 3.
    
    Quantitative and Qualitative Disclosures About Market Risk.




---



##### Table of Contents



PART II  OTHER INFORMATION
   
   EXHIBITNUMBER
    
    EXHIBIT15.1 
    
    Letter regarding unaudited interim financial information
dated May 6, 2008, 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 May 8, 2008, 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 May 8, 2008, and
submitted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002 (18 U.S.C. Section 1350).




---



##### Table of Contents



SIGNATURES
  WILLIAMS COAL SEAM GAS ROYALTY TRUSTBy:
    
    BANK OF AMERICA, N.A., TrusteeBy:
    
    /s/ RON E. HOOPERRon E. HooperSenior Vice President and Administrator




---



##### Table of Contents



INDEX TO EXHIBITS
 EXHIBIT NUMBER
    
    EXHIBIT15.1 
    
    Letter regarding unaudited interim financial information
dated May 6, 2008, 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 May 8, 2008, 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 May 8, 2008, and
submitted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002 (18 U.S.C. Section 1350).