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                                                                      EXHIBIT 31

                                 CERTIFICATION

     I, Mike Ulrich, certify that:

     1. I have reviewed this annual report on Form 10-K of LL&E Royalty Trust,
for which JPMorgan Chase acts as Trustee;

     2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

     3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, distributable income and changes in trust
corpus of the registrant as of, and for, the periods presented in this annual
report;

     4. I am responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for
the registrant, or for causing such controls and procedures to be established
and maintained, and have:

          a) designed such disclosure controls and procedures, or caused such
     disclosure controls and procedures to be designed, to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to me by others within those entities,
     particularly during the period in which this annual report is being
     prepared;

          b) evaluated the effectiveness of the registrant's disclosure controls
     and procedures and presented in this report my conclusions about the
     effectiveness of the disclosure controls and procedures, as of the end of
     the period covered by this report based on such evaluation; and

          c) disclosed in this report any change in the registrant's internal
     control over financial reporting that occurred during the registrant's most
     recent fiscal quarter that has materially affected or is reasonably likely
     to materially affect the registrant's internal control over financial
     reporting; and

     5. I have disclosed, based on my most recent evaluation, to the
registrant's auditors:

          a) all significant deficiencies and material weaknesses in the design
     or operation of internal control over financial reporting which are
     reasonably likely to adversely affect the registrant's ability to record,
     process, summarize and report financial information; and

          b) any fraud, whether or not material, that involves any persons who
     have a significant role in the registrant's internal control over financial
     reporting.

     In giving the foregoing certifications in paragraphs 4 and 5, I have
relied, to the extent I consider reasonable, on information provided to me by
the Working Interest Owner.

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<S>                                      <C>
Date March 24, 2004                                  /s/ MIKE ULRICH
                                         ----------------------------------------
                                                       Mike Ulrich,
                                             Vice President and Trust Officer
                                                   JPMorgan Chase Bank
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