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                                 FORM 10-Q


                    SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D. C.  20549

(Mark One)

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2003

                                    OR

( )  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 0-16494

        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                  (Exact name of registrant as specified
                   in its limited partnership agreement)

Delaware                                          75-2220418
(State or other jurisdiction of                                  (I.R.S.
Employer
incorporation or organization)
          Identification No.)

                       407 N. Big Spring, Suite 300
                  _________Midland, Texas 79701_________
                 (Address of principal executive offices)

                      ________(432) 686-9927________
                      (Registrant's telephone number,
                           including area code)

Indicate  by  check  mark  whether registrant (1)  has  filed  all  reports
required to be filed by Section 13 or 15(d) of the Securities Exchange  Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days:

                            Yes __X__ No _____

Indicate  by  check  mark whether registrant is an  accelerated  filer  (as
defined in Rule 12b-2 of the Exchange Act).

                             Yes ____ No __X__


         The total number of pages contained in this report is 26.

<PAGE>

Glossary of Oil and Gas Terms
The  following are abbreviations and definitions of terms commonly used  in
the  oil  and  gas industry that are used in this filing.  All  volumes  of
natural gas referred to herein are stated at the legal pressure base to the
state  or area where the reserves exit and at 60 degrees Fahrenheit and  in
most instances are rounded to the nearest major multiple.

     Bbl. One stock tank barrel, or 42 United States gallons liquid volume.

     Developmental well. A well drilled within the proved area of an oil or
natural gas reservoir to the depth of a stratigraphic horizon known  to  be
productive.

     Exploratory well. A well drilled to find and produce oil or gas in  an
unproved  area to find a new reservoir in a field previously  found  to  be
productive of oil or natural gas in another reservoir or to extend a  known
reservoir.

     Farm-out  arrangement. An agreement whereby the owner of the leasehold
or  working  interest  agrees to assign his interest  in  certain  specific
acreage  to  the assignee, retaining some interest, such as  an  overriding
royalty interest, subject to the drilling of one (1) or more wells or other
performance by the assignee.

     Field. An area consisting of a single reservoir or multiple reservoirs
all  grouped  on  or  related to the same individual geological  structural
feature and/or stratigraphic condition.

     Mcf. One thousand cubic feet.

     Net  Profits  Interest.  An agreement whereby  the  owner  receives  a
specified  percentage of the defined net profits from a producing  property
in  exchange for consideration paid.  The net profits interest  owner  will
not otherwise participate in additional costs and expenses of the property.

     Oil. Crude oil, condensate and natural gas liquids.

     Overriding  royalty  interest. Interests that  are  carved  out  of  a
working  interest, and their duration is limited by the term of  the  lease
under which they are created.

<PAGE>
     Present  value  and  PV-10 Value. When used with respect  to  oil  and
natural gas reserves, the estimated future net revenue to be generated from
the  production of proved reserves, determined in all material respects  in
accordance  with  the  rules and regulations of the  SEC  (generally  using
prices  and costs in effect as of the date indicated) without giving effect
to  non-property  related  expenses  such  as  general  and  administrative
expenses,  debt service and future income tax expenses or to  depreciation,
depletion  and  amortization, discounted using an annual discount  rate  of
10%.

     Production  costs.  Costs incurred to operate and maintain  wells  and
related  equipment  and facilities, including depreciation  and  applicable
operating  costs  of support equipment and facilities and  other  costs  of
operating and maintaining those wells and related equipment and facilities.

     Proved Area. The part of a property to which proved reserves have been
specifically attributed.

     Proved  developed oil and gas reserves. Proved developed oil  and  gas
reserves  are  reserves that can be expected to be recovered from  existing
wells with existing equipment and operating methods.

     Proved properties. Properties with proved reserves.

     Proved  reserves. The estimated quantities of crude oil, natural  gas,
and  natural  gas liquids that geological and engineering data  demonstrate
with  reasonable  certainty to be recoverable in future  years  from  known
reservoirs under existing economic and operating conditions.

     Proved  undeveloped reserves. Proved undeveloped oil and gas  reserves
are  reserves that are expected to be recovered from new wells on undrilled
acreage,  or  from existing wells where a relatively major  expenditure  is
required for recompletion.

     Reservoir.  A porous and permeable underground formation containing  a
natural  accumulation  of  producible  oil  or  gas  that  is  confined  by
impermeable  rock  or water barriers and is individual  and  separate  from
other reservoirs.

     Royalty  interest.  An  interest in an oil and  natural  gas  property
entitling  the  owner to a share of oil or natural gas production  free  of
costs of production.

     Working  interest.  The operating interest that gives  the  owner  the
right  to  drill, produce and conduct operating activities on the  property
and a share of production.

     Workover.  Operations  on  a producing well  to  restore  or  increase
production.


<PAGE>


                      PART I. - FINANCIAL INFORMATION

Item 1.  Financial Statements

The  unaudited  condensed financial statements included  herein  have  been
prepared  by  the Registrant (herein also referred to as the "Partnership")
in  accordance  with generally accepted accounting principles  for  interim
financial information and with the instructions to Form 10-Q and Rule 10-01
of Regulation S-X.  Accordingly, they do not include all of the information
and  footnotes  required  by generally accepted accounting  principles  for
complete   financial  statements.   In  the  opinion  of  management,   all
adjustments necessary for a fair presentation have been included and are of
a  normal  recurring nature.  The financial statements should  be  read  in
conjunction with the audited financial statements and the notes thereto for
the  year  ended  December 31, 2002, which are found  in  the  Registrant's
Amendment No. 1 to its Annual Report on Form 10-K for 2002 filed  with  the
Securities and Exchange Commission on November 10, 2003.  The December  31,
2002  balance  sheet included herein has been derived from the Registrant's
Amendment  No.  1  to its Annual Report on Form 10-K for  2002.   Operating
results  for the three and nine month periods ended September 30, 2003  are
not necessarily indicative of the results for the full year.

Introductory Note - Statement of Financial Accounting Standard No. 143
The  Partnership implemented SFAS No. 143 effective January  1,  2003  (See
Note 3) to the Partnership's financial statements.

Introductory Note - Depletion Method
During  the fourth quarter of 2002, the Partnership changed its  method  of
providing  for depletion from the units-of-revenue method to the  units-of-
production  method  as  described in Notes 4 and  6  to  the  Partnership's
financial statements.

This  change  in depletion method was applied as a cumulative effect  of  a
change  in  accounting  principle effective as of  January  1,  2002.   The
unaudited condensed financial statements of the Partnership for the periods
ended September 30, 2002, included herein, have been restated (as described
in  Notes 4 and 6 to the Partnership's financial statements) using the  new
depletion   method  and  differ  from  those  previously  issued   in   the
Partnership's Quarterly Report on Form 10-Q for the periods ended September
30, 2002.

<PAGE>

        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                              Balance Sheets

                                 Septembe  December
                                  r 30,      31,
                                   2003      2002
                                  ------    ------
                                 (unaudit
                                   ed)
Assets
----------

Current assets:
 Cash and cash equivalents    $  163,403   79,078
  Receivable  from  Managing     107,618   125,223
General Partner
                                 --------  --------
                                 ----      ----
   Total current assets          271,021   204,301
                                 --------  --------
                                 ----      ----
Oil  and  gas  properties  -
using the full-
 cost method of accounting       4,071,02  4,133,49
                                 7         6
       Less      accumulated
depreciation,
         depletion       and     3,719,67  3,761,05
amortization                     7         8
                                 --------  --------
                                 ----      ----
      Net   oil   and    gas     351,350   372,438
properties
                                 --------  --------
                                 ----      ----
                              $  622,371   576,739
                                 =======   =======
Liabilities  and   Partners'
Equity
----------------------------
------------

Current     liability      -  $  191       510
distributions payable
                                 --------  --------
                                 ----      ----
Other long term liabilities      156,986   -
                                 --------  --------
                                 ----      ----
Partners' equity:
 General partner                 6,873     14,705
 Limited partners                458,321   561,524
                                 --------  --------
                                 ----      ----
   Total partners' equity        465,194   576,229
                                 --------  --------
                                 ----      ----
                              $  622,371   576,739
                                 =======   =======

<PAGE>

        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                         Statements of Operations
                                (unaudited)

                                 Three Months Ended   Nine Months Ended
                                    September 30,       September 30,
                                   2003      2002      2003      2002
                                           (Restate            (Restate
                                              d)                  d)
                                   ----      ----      ----      ----
Revenues
-------------
Income from net profits        $ 182,815   122,051   577,002   254,948
interests
Interest                         401       210       1,084     609
Miscellaneous settlement         1         1         -         2,254
                                 --------  --------  --------  --------
                                 --        --        --        --
                                 183,217   122,262   578,086   257,811
                                 --------  --------  --------  --------
                                 --        --        --        --
Expenses
------------
General and administrative       21,634    20,300    68,316    58,808
Depreciation, depletion and      5,000     8,000     19,000    23,000
amortization
Accretion of asset retirement    2,962     -         10,403    -
obligation
                                 --------  --------  --------  --------
                                 --        --        --        --
                                 29,596    28,300    97,719    81,808
                                 --------  --------  --------  --------
                                 --        --        --        --
Net income from continuing       153,621   93,962    480,367   176,003
operations

Results from discontinued
operations -
 sale of oil and gas leases -    61        5,324     12,201    11,704
See Note 5
                                 --------  --------  --------  --------
                                 --        --        --        --
Net income before cumulative     153,682   99,286    492,568   187,707
effect

Cumulative effect of change in
accounting
 principle - SFAS No. 143 -      -         -         (84,885)  -
See Note 3
Cumulative effect of change in
accounting principle
 - change in depletion method    -         -         -         (5,000)
- See Note 4
                                 --------  --------  --------  --------
                                 --        --        --        --
Net income                     $ 153,682   99,286    407,683   182,707
                                 ======    ======    ======    ======

continued
<PAGE>

        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                         Statements of Operations
                                (unaudited)

                                 Three Months Ended   Nine Months Ended
                                    September 30,       September 30,
                                   2003      2002      2003      2002
                                           (Restate            (Restate
                                              d)                  d)
                                   ----      ----      ----      ----
Net income allocated to:
 Managing General Partner      $ 15,868    10,729    42,668    21,071
                                 ======    =======   ======    ======
 Limited Partners              $ 137,814   88,557    365,015   161,636
                                 ======    =======   ======    ======
  Per limited partner unit     $  13.57
before discontinued                        8.26      42.41     15.39
   operations and cumulative
effect
  Discontinued operations per       .01         .47
limited partner unit                                 1.08      1.04
  Cumulative effects per              -         -     (7.52)     (.50)
limited partner unit
                                 --------  --------  --------  --------
                                 --        --        --        --
  Per limited partner unit     $  13.58
                                           8.73      35.97     15.93
                                 ======    =======   ======    ======
Pro forma amounts assuming
change is applied
 retroactively (See Note 3):
 Net income before cumulative  $ -         95,165    -         175,344
effect
                                 ======    =======   ======    ======
  Per limited partner unit     $ -           8.36    -          15.33
(10,147.0)
                                 ======    =======   ======    ======
 Net income                    $ -         95,165    -         170,344
                                 ======    =======   ======    ======
  Per limited partner unit     $ -           8.36    -          14.83
(10,147.0)
                                 ======    =======   ======    ======

<PAGE>

        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                         Statements of Cash Flows
                                (unaudited)

                                    Nine Month Ended
                                     September 30,
                                     2003      2002
                                             (Restat
                                               ed)
                                     ----      ----
Cash flows from operating
activities
 Cash received from income from
net
  profits interests              $ 563,667   187,542
 Net cash received from            12,201    11,704
discontinued operations
 Cash paid to suppliers            (37,377   (47,818
                                   )         )
 Interest received                 1,084     609
 Miscellaneous settlement          -         2,254
                                   -------   -------
                                   ---       ----
  Net cash provided by operating   539,575   154,291
activities
                                   -------   -------
                                   ---       ----
Cash flows from investing
activities
 Sale of oil and gas properties    63,787    -
                                   -------   -------
                                   ---       ----
Cash flows used in financing
activities
 Distributions to partners         (519,03   (154,75
                                   7)        7)
                                   -------   -------
                                   ---       ----
  Net increase (decrease) in       84,325    (466)
cash and cash equivalents

 Beginning of period               79,078    63,123
                                   -------   -------
                                   ---       ----
 End of period                   $ 163,403   62,657
                                   ======    ======
Reconciliation of net income to
net cash
 provided by operating
activities

Net income                       $ 407,683   182,707

Adjustments to reconcile net
income to net
 cash provided by operating
activities
 Depreciation, depletion and       19,000    23,000
amortization
 Accretion of asset retirement     10,403    -
obligation
 Cumulative effect of change in
accounting
  principle - SFAS No. 143         84,885    -
 Cumulative effect of change in
accounting
  principle - change in            -         5,000
depletion method
 Increase in receivables           (13,335   (67,407
                                   )         )
 Increase in payables              30,939    10,991
                                   -------   -------
                                   ---       ----
Net cash provided by operating   $ 539,575   154,291
activities
                                   ======    ======
Noncash investing and financing
activities:

 Increase in oil and gas
properties - Adoption
  of SFAS No. 143                $ 139,086   -
 Decrease in oil and gas
properties - SFAS No. 143
  sale of property               $ 77,435    -
 Increase in oil and gas
properties - SFAS No. 143
  Addition of well due to        $ 47        -
farmout arrangement
                                   ======    ======
<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                     (a Delaware limited partnership)

                      Notes to Financial Statements

1.   Organization
     Southwest  Royalties  Institutional  Income  Fund  VIII-B,  L.P.   was
     organized  under  the laws of the state of Delaware  on  November  30,
     1987,  for  the purpose of acquiring producing oil and gas  properties
     and to produce and market crude oil and natural gas produced from such
     properties  for a term of 50 years, unless terminated  at  an  earlier
     date  as  provided for in the Partnership Agreement.  The offering  of
     limited   partner   units  began  March  31,  1988,  minimum   capital
     requirements  were met July 11, 1988, with the offering  concluded  on
     March 31, 1989.

     The  Partnership  sells its oil and gas production  to  a  variety  of
     purchasers  with the prices it receives being dependent upon  the  oil
     and  gas  economy.  Southwest Royalties, Inc. serves as  the  Managing
     General  Partner.   Revenues,  costs and  expenses  are  allocated  as
     follows:
                              Limited   General
                              Partners  Partners
                              --------  --------
Interest  income on  capital  100%      -
contributions
Oil  and gas sales from  net  90%       10%
profits interests
All other revenues            90%       10%
Organization  and   offering  100%      -
costs (1)
Amortization of organization  100%      -
costs
Property acquisition costs    100%      -
Gain/loss    on     property  90%        10%
dispositions
Operating and administrative  90%       10%
costs (2)
Depreciation, depletion  and
amortization
 of oil and gas properties    100%      -
All other costs               90%       10%

          (1)   All  organization costs in excess of 3% of initial  capital
          contributions  will be paid by the Managing General  Partner  and
          will  be treated as a capital contribution.  The Partnership paid
          the  Managing  General Partner an amount equal to 3%  of  initial
          capital contributions for such organization costs.

          (2)   Administrative costs in any year which exceed 2% of capital
          contributions shall be paid by the Managing Partner and  will  be
          treated as a capital contribution.

2.   Summary of Significant Accounting Policies
     The  interim financial information as of September 30, 2003,  and  for
     the  three  and  nine months ended September 30, 2003,  is  unaudited.
     Certain  information  and footnote disclosures  normally  included  in
     financial  statements prepared in accordance with  generally  accepted
     accounting principles have been condensed or omitted in this Form 10-Q
     pursuant  to the rules and regulations of the Securities and  Exchange
     Commission.  However,  in  the opinion of  management,  these  interim
     financial  statements include all the necessary adjustments to  fairly
     present  the  results of the interim periods and all such  adjustments
     are  of a normal recurring nature.  The interim consolidated financial
     statements  should  be  read  in conjunction  with  the  Partnership's
     Amendment  No. 1 to its Annual Report on Form 10-K for the year  ended
     December 31, 2002, filed with SEC on November 10, 2003.

<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                     (a Delaware limited partnership)

                      Notes to Financial Statements

3.   Cumulative effect of change in accounting principle - SFAS No. 143
     On  January  1, 2003, the Partnership adopted Statement  of  Financial
     Accounting   Standards  No.  143,  Accounting  for  Asset   Retirement
     Obligations  ("SFAS No. 143").  Adoption of SFAS No. 143  is  required
     for  all  companies with fiscal years beginning after June  15,  2002.
     The new standard requires the Partnership to recognize a liability for
     the  present  value  of  all  legal obligations  associated  with  the
     retirement  of tangible long-lived assets and to capitalize  an  equal
     amount as a cost of the asset and depreciate the additional cost  over
     the  estimated  useful  life of the asset.  On January  1,  2003,  the
     Partnership    recorded   additional   costs,   net   of   accumulated
     depreciation,  of  approximately $139,086, a long  term  liability  of
     approximately  $223,971 and a loss of approximately  $84,885  for  the
     cumulative  effect  on  depreciation  of  the  additional  costs   and
     accretion  expense  on  the liability related to expected  abandonment
     costs  of  its oil and natural gas producing properties.  At September
     30,  2003, the asset retirement obligation was $156,986.  The decrease
     in  the balance from January 1, 2003 is due to the sale of oil and gas
     properties, which decreased the asset retirement obligation by $77,435
     offset slightly by accretion expense of $10,403 and an additional well
     of  $47.   The  pro forma amounts for the three and nine months  ended
     September  30, 2002, which are presented on the face of the statements
     of  operations, reflect the effect of retroactive application of  SFAS
     No. 143.

4.    Cumulative  effect  of change in accounting  principle  -  change  in
depletion method
     In  the  fourth  quarter of 2002, the Partnership changed  methods  of
     accounting  for  depletion  of capitalized costs  from  the  units-of-
     revenue  method to the units-of-production method.  The newly  adopted
     accounting  principle is preferable in the circumstances  because  the
     units-of-production method results in a better matching of  the  costs
     of  oil  and  gas production against the related revenue  received  in
     periods of volatile prices for production as have been experienced  in
     recent  periods.  Additionally, the units-of-production method is  the
     predominant  method used by full cost companies in  the  oil  and  gas
     industry,  accordingly, the change improves the comparability  of  the
     Partnership's   financial  statements  with  its  peer   group.    The
     Partnership   adopted  the  units-of-production  method  through   the
     recording  of a cumulative effect of a change in accounting  principle
     in  the  amount  of  $5,000  effective as of  January  1,  2002.   The
     Partnership's depletion for the three and nine months ended  September
     30,  2003  and  2002 has been calculated using the units-of-production
     method.   The effect of the change on the three and nine months  ended
     September 30, 2002 was to decrease income before cumulative effect  of
     a  change in accounting principle by $1,000 and $1,000 ($.10 and  $.10
     per  limited  partner unit), respectively and decrease net  income  by
     $1,000   and  $6,000  ($.10  and  $.59  per  limited  partner   unit),
     respectively.

5.   Discontinued Operations - Sale of oil and gas leases
     During the three months ended June 30, 2003, the Partnership sold  its
     interest in certain oil, gas and salt water disposal wells for $63,787
     sales  proceeds  and  retired $77,435 of asset  retirement  obligation
     associated  with the properties.  Since the Partnership is  under  the
     full  cost  pool  method of accounting, the sales proceeds  and  asset
     retirement  obligation liability were taken against the  oil  and  gas
     properties  asset account and therefore, no gain or loss was  recorded
     and  shown  on the statement of operations as part of the discontinued
     operations.   Pursuant  to  the requirements  of  SFAS  No.  144,  the
     historical operating results from these properties have been  reported
     as   discontinued  operations  in  the  accompanying   statements   of
     operations.    The  following  table  summarizes  certain   historical
     operating information related to the discontinued operations:

                                  Three Months Ended       Nine Months Ended
                                   2003       2002         2003       2002

         Income from net         $   61     5,324        12,201    11,704
         profits interest


<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.
                     (a Delaware limited partnership)

                      Notes to Financial Statements

6.   September 30, 2002 Restatement
     During  the fourth quarter of 2002, the Partnership changed its method
     of  providing  for depletion from the units-of-revenue method  to  the
     units-of-production method as described in Note 4.

     This  change in the method used to implement the Partnership's  change
     in  the manner in which it determines depletion resulted in a decrease
     in the Partnership's previously reported net oil and gas properties of
     $6,000  from $378,438 to $372,438 as of December 31, 2002 and did  not
     effect the Partnership's 2002 cash flows from operations, investing or
     financing activities.

     The  change  had the following effects on the Statement of  Operations
     for the three and nine months ended September 30, 2002.

                                    Three Months Ended      Nine Months Ended
                                               Previous               Previous
                                                  ly                     ly
                                    Restated   Reported     Restated  Reported
            Depreciation,
            depletion and
            amortization           $8,000      7,000        23,000    22,000
            Income before          99,286      100,286      187,707   188,707
            cumulative effect
         Cumulative effect of
            change in
            accounting principle   -           -            (5,000)   -
            Net income             99,286      100,286      182,707   188,707
            Net income allocated
            to:
            Managing General       10,729      10,729       21,071    21,071
            Partner
            Limited partners       88,557      89,557       161,636   167,636
             Income per limited
            partner
               unit before           8.73
            cumulative effect                  8.83         16.43     16.52
             Cumulative effect
            per limited
               partner unit             -           -        (.50)         -
             Net income per
            limited
               partner unit          8.73
                                               8.83         15.93     16.52

<PAGE>

Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations

General
Southwest Royalties Institutional Income Fund VIII-B, L.P. was organized as
a  Delaware limited partnership on November 30, 1987. The offering of  such
limited  partnership  interests  began  March  31,  1988,  minimum  capital
requirements were met July 11, 1988, and concluded on March 31,  1989  with
total limited partner contributions of $5,073,500.

The Partnership was formed to acquire royalty and net profits interests  in
producing  oil  and  gas properties, to produce and market  crude  oil  and
natural  gas  produced  from such properties, and  to  distribute  the  net
proceeds from operations to the limited and general partners.  Net revenues
from  producing  oil  and gas properties will not be  reinvested  in  other
revenue  producing  assets except to the extent that production  facilities
and wells are improved or reworked or where methods are employed to improve
or enable more efficient recovery of oil and gas reserves.

Increases   or   decreases   in  Partnership   revenues   and,   therefore,
distributions  to partners will depend primarily on changes in  the  prices
received  for  production,  changes in volumes of  production  sold,  lease
operating  expenses, enhanced recovery projects, offset drilling activities
pursuant to farmout arrangements, sales of properties, and the depletion of
wells.  Since wells deplete over time, production can generally be expected
to decline from year to year.

Well  operating costs and general and administrative costs usually decrease
with   production   declines;  however,  these  costs  may   not   decrease
proportionately.  Net income available for distribution to the partners  is
therefore expected to fluctuate in later years based on these factors.

Based  on current conditions, management anticipates performing development
drilling  projects and workovers during the years 2003 and 2004 to  enhance
production.  The Partnership may have an increase in production volumes for
the  years  2003  and  2004, otherwise, the Partnership  will  most  likely
experience the historical production decline, which has approximated 6% per
year.

Oil and Gas Properties

Oil  and  gas  properties  are accounted for at cost  under  the  full-cost
method.  Under this method, all productive and nonproductive costs incurred
in  connection with the acquisition, exploration and development of oil and
gas  reserves  are capitalized.  Gain or loss on the sale of  oil  and  gas
properties  is not recognized unless significant oil and gas  reserves  are
involved.

In  the  fourth  quarter  of  2002,  the  Partnership  changed  methods  of
accounting  for  depletion of capitalized costs from  the  units-of-revenue
method  to  the  units-of-production method.  The newly adopted  accounting
principle   is  preferable  in  the  circumstances  because  the  units-of-
production method results in a better matching of the costs of oil and  gas
production  against  the related revenue received in  periods  of  volatile
prices   for  production  as  have  been  experienced  in  recent  periods.
Additionally, the units-of-production method is the predominant method used
by full cost companies in the oil and gas industry, accordingly, the change
improves  the comparability of the Partnership's financial statements  with
its peer group.

Should the net capitalized costs exceed the estimated present value of  oil
and gas reserves, discounted at 10%, such excess costs would be charged  to
current  expense.  As of September 30, 2003, the net capitalized costs  did
not exceed the estimated present value of oil and gas reserves.

<PAGE>

The  Partnership's  interest  in oil and gas  properties  consists  of  net
profits  interests  in  proved properties located  within  the  continental
United  States.   A net profits interest is created when  the  owner  of  a
working  interest in a property enters into an arrangement  providing  that
the  net profits interest owner will receive a stated percentage of the net
profit  from  the  property.   The  net profits  interest  owner  will  not
otherwise participate in additional costs and expenses of the property.

The  Partnership recognizes income from its net profits interest in oil and
gas property on an accrual basis, while the quarterly cash distributions of
the net profits interest are based on a calculation of actual cash received
from  oil  and  gas sales, net of expenses incurred during  that  quarterly
period.   If  the  net  profits interest calculation  results  in  expenses
incurred  exceeding the oil and gas income received during  a  quarter,  no
cash  distribution is due to the Partnership's net profits  interest  until
the  deficit is recovered from future net profits.  The Partnership accrues
a quarterly loss on its net profits interest provided there is a cumulative
net  amount  due for accrued revenue as of the balance sheet date.   As  of
September 30, 2003, there were no timing differences, which resulted  in  a
deficit net profit interest.

Critical Accounting Policies

Full cost ceiling calculations The Partnership follows the full cost method
of  accounting  for  its  oil and gas properties.   The  full  cost  method
subjects  companies to quarterly calculations of a "ceiling", or limitation
on  the  amount of properties that can be capitalized on the balance sheet.
If  the  Partnership's capitalized costs are in excess  of  the  calculated
ceiling, the excess must be written off as an expense.

The  Partnership's discounted present value of its proved oil  and  natural
gas  reserves  is  a  major  component  of  the  ceiling  calculation,  and
represents  the  component  that requires the  most  subjective  judgments.
Estimates  of  reserves are forecasts based on engineering data,  projected
future  rates  of  production and the timing of future  expenditures.   The
process  of  estimating oil and natural gas reserves  requires  substantial
judgment,  resulting  in  imprecise determinations,  particularly  for  new
discoveries.   Different reserve engineers may make different estimates  of
reserve  quantities  based  on the same data.   The  Partnership's  reserve
estimates are prepared by outside consultants.

The  passage  of  time  provides  more  qualitative  information  regarding
estimates of reserves, and revisions are made to prior estimates to reflect
updated  information.   However,  there  can  be  no  assurance  that  more
significant  revisions  will not be necessary in  the  future.   If  future
significant  revisions  are  necessary  that  reduce  previously  estimated
reserve quantities, it could result in a full cost property writedown.   In
addition to the impact of these estimates of proved reserves on calculation
of  the  ceiling,  estimates  of proved reserves  are  also  a  significant
component of the calculation of DD&A.

While  estimating  the  quantities of proved reserves  require  substantial
judgment,  the associated prices of oil and natural gas reserves  that  are
included  in  the discounted present value of the reserves do  not  require
judgment.  The ceiling calculation dictates that prices and costs in effect
as  of the last day of the period are generally held constant indefinitely.
Because  the ceiling calculation dictates that prices in effect as  of  the
last  day  of  the  applicable quarter are held constant indefinitely,  the
resulting  value  may  not be indicative of the  true  fair  value  of  the
reserves.  Oil and natural gas prices have historically been cyclical  and,
on  any particular day at the end of a quarter, can be either substantially
higher or lower than the Partnership's long-term price forecast that  is  a
barometer for true fair value.

In  the  fourth  quarter  of  2002,  the  Partnership  changed  methods  of
accounting  for  depletion of capitalized costs from  the  units-of-revenue
method  to  the  units-of-production method.  The newly adopted  accounting
principle   is  preferable  in  the  circumstances  because  the  units-of-
production method results in a better matching of the costs of oil and  gas
production  against  the related revenue received in  periods  of  volatile
prices   for  production  as  have  been  experienced  in  recent  periods.
Additionally, the units-of-production method is the predominant method used
by full cost companies in the oil and gas industry, accordingly, the change
improves  the comparability of the Partnership's financial statements  with
its peer group.

<PAGE>
Results of Operations

A.  General Comparison of the Quarters Ended September 30, 2003 and 2002

The  following  table  provides certain information  regarding  performance
factors for the quarters ended September 30, 2003 and 2002:

                                    Three Months
                                       Ended         Percenta
                                                        ge
                                   September 30,     Increase
                                   2003      2002    (Decreas
                                                        e)
                                   ----      ----    --------
                                                        --
Average price per barrel  of  $   29.23              8%
oil                                        27.01
Average price per mcf of gas  $    4.63              55%
                                           2.98
Oil production in barrels        9,500     9,400     1%
Gas production in mcf            8,600     9,600     (10%)
Income   from  net   profits  $  182,815   122,051   50%
interests
Partnership distributions     $  213,718   50,000    327%
Limited              partner  $  193,718   45,000    330%
distributions
Per  unit  distribution   to
limited
 partners                     $   19.09              330%
                                           4.43
Number  of  limited  partner     10,147    10,147
units

Revenues

The  Partnership's income from net profits interests increased to  $182,815
from  $122,051  for  the  quarters  ended  September  30,  2003  and  2002,
respectively,  an  increase of 50%.  The principal  factors  affecting  the
comparison  of  the  quarters ended September 30,  2003  and  2002  are  as
follows:

1.   The  average  price  for a barrel of oil received by  the  Partnership
     increased  during the quarter ended September 30, 2003 as compared  to
     the  quarter  ended  September 30, 2002 by 8%, or  $2.22  per  barrel,
     resulting in an increase of approximately $21,100 in income  from  net
     profits  interests.  Oil sales represented 87% of total  oil  and  gas
     sales  during the quarter ended September 30, 2003 as compared to  90%
     during the quarter ended September 30, 2002.

     The  average  price  for  an mcf of gas received  by  the  Partnership
     increased  during the same period by 55%, or $1.65 per mcf,  resulting
     in  an  increase of approximately $14,200 in income from  net  profits
     interests.

     The  total  increase in income from net profits interests due  to  the
     change in prices received from oil and gas production is approximately
     $35,300.  The market price for oil and gas has been extremely volatile
     over  the  past  decade, and management expects a  certain  amount  of
     volatility to continue in the foreseeable future.

<PAGE>

2. Oil  production  increased approximately 100 barrels or  1%  during  the
   quarter  ended  September  30, 2003 as compared  to  the  quarter  ended
   September 30, 2002, resulting in an increase of approximately $2,700  in
   income from net profits interests.

    Gas production decreased approximately 1,000 mcf or 10% during the same
    period, resulting in a decrease of approximately $3,000 in income  from
    net profits interests.

    The  net total decrease in income from net profits interests due to the
    change in production is approximately $300.

3. Lease   operating  costs  and  production  taxes  were  9%   lower,   or
   approximately $13,800 less during the quarter ended September  30,  2003
   as compared to the quarter ended September 30, 2002.

Costs and Expenses

Total costs and expenses increased to $29,596 from $28,300 for the quarters
ended  September 30, 2003 and 2002, respectively, an increase of  5%.   The
increase  is  the  result of the addition of accretion expense  and  higher
general  and  administrative expense, partially offset  by  a  decrease  in
depletion expense.

1.  General and administrative costs consists of independent accounting and
    engineering  fees,  computer services, postage,  and  Managing  General
    Partner personnel costs.  General and administrative costs increased 7%
    or  approximately $1,300 during the quarter ended September 30, 2003 as
    compared to the quarter ended September 30, 2002.

2.  Depletion  expense decreased to $5,000 for the quarter ended  September
    30,  2003  from $8,000 for the same period in 2002.  This represents  a
    decrease  of  38%.   In  the fourth quarter of  2002,  the  Partnership
    changed  methods of accounting for depletion of capitalized costs  from
    the  units-of-revenue  method to the units-of-production  method.   The
    newly  adopted  accounting principle is preferable in the circumstances
    because the units-of-production method results in a better matching  of
    the  costs  of  oil  and  gas production against  the  related  revenue
    received  in  periods of volatile prices for production  as  have  been
    experienced  in  recent periods.  Additionally, the units-of-production
    method is the predominant method used by full cost companies in the oil
    and gas industry, accordingly, the change improves the comparability of
    the Partnership's financial statements with its peer group.  The effect
    of  this  change  in method was to increase depletion expense  for  the
    three months ended September 30, 2002 by $1,000 and decrease net income
    for  the three months ended September 30, 2002 by $1,000(See Note 4  of
    the notes to the financial statements).  The contributing factor to the
    decrease in depletion expense is in relation to the BOE depletion  rate
    for  the  quarter ended September 30, 2003, which was $.46  applied  to
    10,933  BOE  as  compared to $.73 applied to 11,000 BOE  for  the  same
    period.   The  decline is due largely to the sale of two  oil  and  gas
    properties.



<PAGE>

B.   General Comparison of the Nine Month Periods Ended September 30,  2003
and 2002

The  following  table  provides certain information  regarding  performance
factors for the nine month periods ended September 30, 2003 and 2002:

                                    Nine Months
                                       Ended         Percenta
                                                        ge
                                   September 30,     Increase
                                   2003      2002    (Decreas
                                                        e)
                                   ----      ----    --------
                                                        --
Average price per barrel  of  $    29.71             27%
oil                                        23.48
Average price per mcf of gas  $     5.13             78%
                                           2.89
Oil production in barrels        29,700    27,100    10%
Gas production in mcf            26,500    27,100    (2%)
Income   from  net   profits  $  577,002   254,948   126%
interests
Partnership distributions     $  518,718   155,000   235%
Limited              partner  $  468,218   139,500   236%
distributions
Per  unit  distribution   to
limited
 partners                     $    46.14             236%
                                           13.75
Number  of  limited  partner     10,147    10,147
units

Revenues

The  Partnership's income from net profits interests increased to  $577,002
from  $254,948  for  the nine months ended September  30,  2003  and  2002,
respectively,  an  increase of 126%.  The principal factors  affecting  the
comparison  of  the nine months ended September 30, 2003 and  2002  are  as
follows:

1.  The  average  price  for a barrel of oil received  by  the  Partnership
    increased  during the nine months ended September 30, 2003 as  compared
    to  the  nine  months ended September 30, 2002 by  27%,  or  $6.23  per
    barrel,  resulting in an increase of approximately $185,000  in  income
    from net profits interests.  Oil sales represented 87% of total oil and
    gas  sales during the nine months ended September 30, 2003 as  compared
    to 89% during the nine months ended September 30, 2002.

    The  average  price  for  an  mcf of gas received  by  the  Partnership
    increased during the same period by 78%, or $2.24 per mcf, resulting in
    an  increase  of  approximately $59,400  in  income  from  net  profits
    interests.

    The  total  increase in income from net profits interests  due  to  the
    change  in prices received from oil and gas production is approximately
    $244,400.  The market price for oil and gas has been extremely volatile
    over  the  past  decade, and management expects  a  certain  amount  of
    volatility to continue in the foreseeable future.

<PAGE>

2. Oil  production increased approximately 2,600 barrels or 10% during  the
   nine  months  ended September 30, 2003 as compared to  the  nine  months
   ended  September  30,  2002, resulting in an increase  of  approximately
   $61,000 in income from net profits interests.

    Gas  production decreased approximately 600 mcf or 2% during  the  same
    period, resulting in a decrease of approximately $1,700 in income  from
    net profits interests.

    The  net total increase in income from net profits interests due to the
    change in production is approximately $59,300.

3.  Lease   operating  costs  and  production  taxes  were  2%  lower,   or
    approximately  $8,800 less during the nine months ended  September  30,
    2003 as compared to the nine months ended September 30, 2002.

Costs and Expenses

Total  costs  and expenses increased to $97,719 from $81,808 for  the  nine
months ended September 30, 2003 and 2002, respectively, an increase of 19%.
The  increase is the result of the addition of accretion expense and higher
general  and  administrative expense, partially offset  by  a  decrease  in
depletion expense.

1.  General and administrative costs consists of independent accounting and
    engineering  fees,  computer services, postage,  and  Managing  General
    Partner  personnel costs.  General and administrative  costs  increased
    16%  or approximately $9,500 during the nine months ended September 30,
    2003  as  compared to the nine months ended September  30,  2002.   The
    increase in general and administrative expense is due to an increase in
    independent accounting review and audit fees.

2.  Depletion  expense  decreased to $19,000  for  the  nine  months  ended
    September  30,  2003 from $23,000 for the same period  in  2002.   This
    represents  a  decrease of 17%.  In the fourth  quarter  of  2002,  the
    Partnership  changed methods of accounting for depletion of capitalized
    costs  from  the  units-of-revenue method  to  the  units-of-production
    method.   The newly adopted accounting principle is preferable  in  the
    circumstances  because  the units-of-production  method  results  in  a
    better  matching  of  the costs of oil and gas production  against  the
    related  revenue received in periods of volatile prices for  production
    as have been experienced in recent periods.  Additionally, the units-of-
    production method is the predominant method used by full cost companies
    in  the  oil  and  gas industry, accordingly, the change  improves  the
    comparability of the Partnership's financial statements with  its  peer
    group.   The effect of this change in method was to increase  depletion
    expense  for  the nine months ended September 30, 2002  by  $1,000  and
    decrease  net income for the nine months ended September  30,  2002  by
    $6,000(See  Note  4  of  the notes to the financial  statements).   The
    contributing factor to the decrease in depletion expense is in relation
    to the BOE depletion rate for the nine months ended September 30, 2003,
    which  was  $.56 applied to 34,117 BOE as compared to $.73  applied  to
    31,617 BOE for the same period.

Cumulative effect of change in accounting principle

On  January  1,  2003,  the  Partnership  adopted  Statement  of  Financial
Accounting  Standards No. 143, Accounting for Asset Retirement  Obligations
("SFAS  No. 143").  Adoption of SFAS No. 143 is required for all  companies
with fiscal years beginning after June 15, 2002.  The new standard requires
the Partnership to recognize a liability for the present value of all legal
obligations  associated with the retirement of tangible  long-lived  assets
and to capitalize an equal amount as a cost of the asset and depreciate the
additional cost over the estimated useful life of the asset.  On January 1,
2003,  the  Partnership  recorded  additional  costs,  net  of  accumulated
depreciation,  of  approximately  $139,086,  a  long  term   liability   of
approximately  $223,971  and  a  loss  of  approximately  $84,885  for  the
cumulative  effect  on depreciation of the additional costs  and  accretion
expense  on the liability related to expected abandonment costs of its  oil
and  natural  gas producing properties.  At September 30, 2003,  the  asset
retirement  obligation  was $156,986.  The decrease  in  the  balance  from
January  1,  2003  is  due  to the sale of oil and  gas  properties,  which
decreased  the  asset retirement obligation by $77,435 offset  slightly  by
accretion expense of $10,403 and an additional well of $47.  The pro  forma
amounts  for the three and nine months ended September 30, 2002, which  are
presented  on the face of the statements of operations, reflect the  effect
of retroactive application of SFAS No. 143.

<PAGE>

Liquidity and Capital Resources

The  primary source of cash is from operations, the receipt of income  from
interests in oil and gas properties.  The Partnership knows of no  material
change, nor does it anticipate any such change.

Cash flows provided by operating activities were approximately $539,600  in
the  nine  months  ended  September 30, 2003 as compared  to  approximately
$154,300  in the nine months ended September 30, 2002.  The primary  source
of the 2003 cash flow from operating activities was profitable operations.

Cash  flows provided by investing activities were approximately $63,800  in
the nine months ended September 30, 2003. There were no cash flows used  in
investing activities during the nine months ended September 30, 2002.   The
principle  source of the 2003 cash flow from investing activities  was  the
sales of oil and gas properties.

Cash flows used in financing activities were approximately $519,000 in  the
nine  months ended September 30, 2003 as compared to approximately $154,800
in  the  nine  months ended September 30, 2002.  The only use in  financing
activities was the distributions to partners.

Total  distributions during the nine months ended September 30,  2003  were
$518,718  of  which  $468,218 was distributed to the limited  partners  and
$50,500  to  the  general partners.  The per unit distribution  to  limited
partners during the nine months ended September 30, 2003 was $46.14.  Total
distributions during the nine months ended September 30, 2002 were $155,000
of  which  $139,500 was distributed to the limited partners and $15,500  to
the general partners.  The per unit distribution to limited partners during
the nine months ended September 30, 2002 was $13.75.

The  source  for  the  2003  distributions of  $518,718  was  oil  and  gas
operations of approximately $539,600, the change in oil and gas property of
approximately  $63,800,  resulting  in excess  cash  for  contingencies  or
subsequent. The sources for the 2002 distributions of $155,000 were oil and
gas  operations of approximately $154,300, with the balance from  available
cash on hand at the beginning of the quarter.

Since  inception  of  the  Partnership, cumulative  cash  distributions  of
$7,780,938  have  been  made to the partners.  As of  September  30,  2003,
$7,024,701 or $692.29 per limited partner unit has been distributed to  the
limited partners, representing an 100% return of the capital and 38% return
on capital contributed.

As  of  September 30, 2003, the Partnership had approximately  $270,800  in
working  capital.  Although the partnership held many long-lived properties
at  inception, because of the restrictions on property development  imposed
by  the  partnership  agreement, the Partnership cannot  develop  its  non-
producing properties, if any.  Without continued development, the producing
reserves continue to deplete.  Accordingly, as the Partnership's properties
have  matured  and  depleted, the net cash flows from  operations  for  the
partnership  has  steadily  declined, except in  periods  of  substantially
increased  commodity pricing.  Maintenance of properties and administrative
expenses for the Partnership are increasing relative to production.  As the
properties   continue   to   deplete,   maintenance   of   properties   and
administrative costs as a percentage of production are expected to continue
to increase.

The  Managing General Partner has examined various alternatives to  address
the  issue of depleting producing reserves.  Continuing operations  exposes
the   partnership  to  an  inevitable  decline  in  operating  results  and
distributions  of  cash.   Liquidating  the  partnership  would  result  in
immediate  realization of cash for limited partners,  but  prices  paid  by
purchasers  of Partnership property in liquidation would likely  include  a
substantial discount for risks and uncertainties of future cash  flows,  as
well  as any development risks.  After reviewing various alternatives,  the
Managing General Partner initiated a plan to merge the Partnership  and  20
other limited partnerships with and into the Managing General Partner.   On
October  17,  2002,  the  Managing General  Partner  filed  a  Registration
Statement on Form S-4 with the Securities and Exchange Commission  relating
to  this proposed merger.  There is no assurance, however, that this merger
will  be consummated.  Currently the Managing General Partner is evaluating
whether  or  not to continue to pursue the proposed merger.  Currently  the
Managing General Partner is evaluating whether or not to continue to pursue
the proposed merger.



<PAGE>

Liquidity - Managing General Partner
In  previous  reports  the Partnership provided that the  Managing  General
Partner  had  $124.0  million  of principal  scheduled  to  mature  between
December 31, 2002 and December 31, 2004.  Subsequent to September 30,  2003
the   Managing  General  Partner  refinanced  the  majority  of  its   debt
obligations and currently has $71.7 million in debt scheduled to mature  on
June  1, 2006 and $40.0 million in debt scheduled to mature on October  15,
2008.   The  Managing General Partner believes that it  has  adequate  cash
flows to meet its debt principal maturities scheduled for 2004.

Recent Accounting Pronouncements

The  FASB  has  issued Statement No. 143 "Accounting for  Asset  Retirement
Obligations" which establishes requirements for the accounting of  removal-
type  costs  associated with asset retirements.  The standard is  effective
for  fiscal  years beginning after June 15, 2002, with earlier  application
encouraged.   This statement has been adopted by the Partnership  effective
January 1, 2003.  The transition adjustment resulting from the adoption  of
SFAS  No.  143  has been reported as a cumulative effect  of  a  change  in
accounting principle.

In  April 2003, the FASB issued Statement of Financial Accounting Standards
No.  149,  Amendment  of  Statement No. 133 on Derivative  Instruments  and
Hedging Activities ("SFAS No. 149").  SFAS No. 149 amendments require  that
contracts  with  comparable  characteristics be  accounted  for  similarly,
clarifies   when   a  contract  with  an  initial  investment   meets   the
characteristic  of  a  derivative and clarifies when a derivative  requires
special  reporting  in  the  statement of cash  flows.   SFAS  No.  149  is
effective  for  hedging relationships designated and for contracts  entered
into or modified after June 30, 2003, except for provisions that relate  to
SFAS  No. 133 Statement Implementation Issues that have been effective  for
fiscal  quarters  prior to June 15, 2003, should be applied  in  accordance
with  their  respective effective dates and certain provisions relating  to
forward  purchases or sales of when-issued securities or  other  securities
that  do not yet exist, should be applied to existing contracts as well  as
new contracts entered into after June 30, 2003.  Assessment by the Managing
General  Partner  revealed this pronouncement to  have  no  impact  on  the
Partnership.

In  May  2003, the FASB issued Statement of Financial Accounting  Standards
No.150,  Accounting for Certain Financial Instruments with  Characteristics
of  both  Liabilities  and  Equity  ("SFAS  150").   SFAS  150  establishes
standards  for  how  an  issuer classifies and measures  certain  financial
instruments  with  characteristics of  both  liabilities  and  equity.   It
requires that an issuer classify a financial instrument that is within  the
scope of SFAS 150 as a liability (or an asset in some circumstances).  Many
of those instruments were previously classified as equity.  The application
of  SFAS 150 is not expected to have a material effect on the Partnership's
consolidated  financial  statements.   This  Statement  is  effective   for
financial  instruments entered into or modified after  May  31,  2003,  and
otherwise  is  effective  at  the beginning of  the  first  interim  period
beginning after June 15, 2003.

<PAGE>
Item 3.   Quantitative and Qualitative Disclosures About Market Risk

The  Partnership  is  not a party to any derivative or embedded  derivative
instruments.

Item 4.   Controls and Procedures

(a)   Evaluation  of  Disclosure  Controls  and  Procedures.   The   senior
management of the Partnership's Managing General Partner is responsible for
establishing and maintaining a system of disclosure controls and procedures
(as defined in Rule 13a-14 and 15d-14 under the Securities Exchange Act  of
1934 (the "Exchange Act")) designed to ensure that information required  to
be  disclosed  by the Partnership in the reports that it files  or  submits
under  the  Exchange Act is recorded, processed, summarized  and  reported,
within   the  time  periods  specified  in  the  Securities  and   Exchange
Commission's rules and forms.  Disclosure controls and procedures  include,
without  limitation,  controls  and  procedures  designed  to  ensure  that
information required to be disclosed by the issuer in the reports  that  it
files or submits under the Exchange Act is accumulated and communicated  to
the  issuer's  management,  including its principal  executive  officer  of
officers  and principal financial officer or officers, or person performing
similar  functions,  as  appropriate to allow  timely  decisions  regarding
required disclosure.

In  accordance  with Exchange Act Rules 13a-15 and 15d-15, the  Partnership
carried  out  an evaluation, with the participation of the Chief  Executive
Officer  and  Chief Financial Officer of the Managing General  Partner,  as
well as other key members of the Managing General Partner's management,  of
the  effectiveness of the Partnership's disclosure controls and  procedures
as  of  the  end  of  the  period covered by this report.   Based  on  that
evaluation,  the  Managing General Partner's Chief  Executive  Officer  and
Chief   Financial  Officer  concluded  that  the  Partnership's  disclosure
controls and procedures were effective, as of the end of the period covered
by  this  report, to provide reasonable assurance that information required
to  be disclosed in the Partnership's reports filed or submitted under  the
Exchange  Act  is recorded, processed, summarized and reported  within  the
time  periods  specified in the Securities and Exchange Commission's  rules
and forms.

(b)  Changes in Internal Controls.  There have not been any changes in  the
Partnership's  internal  controls over financial  reporting  identified  in
connection  with  the evaluation described above that occurred  during  the
Partnership's  last  fiscal  quarter that has materially  affected,  or  is
reasonably  likely  to  materially affect,  these  internal  controls  over
financial reporting.


<PAGE>
                        PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

         None

Item 2.  Changes in Securities

         None

Item 3.  Defaults Upon Senior Securities

         None

Item 4.  Submission of Matter to a Vote of Security Holders

         None

Item 5.  Other Information

         None

Item 6.  Exhibits and Reports on Form 8-K

        (a)  Exhibits:

               31.1 Rule 13a-14(a)/15d-14(a) Certification
31.2 Rule 13a-14(a)/15d-14(a) Certification
               32.1 Certification of Chief Executive Officer Pursuant to 18
U.S.C. Section
                  1350, as
                  adopted  Pursuant  to Section 906 of  the  Sarbanes-Oxley
                  Act of 2002
               32.2 Certification of Chief Financial Officer Pursuant to 18
U.S.C. Section
                  1350, as
                  adopted Pursuant to Section 906 of the Sarbanes-Oxley Act
               of 2002

        (b)  No reports on Form 8-K were filed during the quarter for which
this report is filed.


<PAGE>

                                SIGNATURES


Pursuant  to the requirements of the Securities Exchange Act of  1934,  the
registrant  has duly caused this report to be signed on its behalf  by  the
undersigned thereunto duly authorized.

                                   Southwest Royalties Institutional
                                   Income Fund VIII-B, L.P.
                                   a Delaware limited partnership

                                   By:  Southwest Royalties, Inc.
                                        Managing General Partner


                                   By:  /s/ Bill E. Coggin
                                        ------------------------------
                                        Bill E. Coggin, Executive Vice
President
                                        and Chief Financial Officer

Date:     November 14, 2003

<PAGE>
                    SECTION 302 CERTIFICATION                Exhibit 31.1


I, H.H. Wommack, III, certify that:

1.   I  have  reviewed  this quarterly report on  Form  10-Q  of  Southwest
Royalties Institutional Income Fund VIII-B, L.P.

2.Based  on my knowledge, this 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 report;

3.Based  on  my  knowledge, the financial statements, and  other  financial
  information  included  in  this report, fairly present  in  all  material
  respects  the financial condition, results of operations and  cash  flows
  of the registrant as of, and for, the periods presented in this report;

4.The  registrant's other certifying officer(s) and I are  responsible  for
  establishing  and  maintaining disclosure  controls  and  procedures  (as
  defined  in  Exchange  Act  Rules 13a-15(e) and  15-15(e))  and  internal
  control  over financial reporting (as defined in Exchange Act Rules  13a-
  15(f) and 15d-15(f) for the registrant and have:

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

  b)Designed  such  internal control over financial  reporting,  or  caused
     such  internal  control over financial reporting to be designed  under
     our   supervision,  to  provide  reasonable  assurance  regarding  the
     reliability  of financial reporting and the preparation  of  financial
     statements for external purposes in accordance with generally accepted
     accounting principles;

  c)Evaluated  the  effectiveness of the registrant's  disclosure  controls
     and  procedures and presented in this report our 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

  d)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 (the registrant's fourth fiscal quarter  in
     the  case  of  an annual report) that has materially affected,  or  is
     reasonably  likely  to  materially affect, the  registrant's  internal
     control over financial reporting; and

5.The  registrant's other certifying officer(s) and I have disclosed, based
  on  our  most  recent  evaluation  of  internal  control  over  financial
  reporting,  to  the  registrant's auditors and  the  audit  committee  of
  registrant's  board  of directors (or persons performing  the  equivalent
  functions):

  a)All  significant deficiencies and material weaknesses in the design  or
     operation   of  internal  controls  over  financial  reporting   which
     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 management or  other
     employees  who  have  a significant role in the registrant's  internal
     controls over financial reporting.


Date:  November 14, 2003           /s/ H. H. Wommack, III
                                   H. H. Wommack, III
                                    Chairman, President and Chief Executive
Officer
                                   of Southwest Royalties, Inc., the
                                   Managing General Partner of
                                   Southwest Royalties Institutional Income
Fund VIII-B, L.P.



<PAGE>
                    SECTION 302 CERTIFICATION                Exhibit 31.2


I, Bill E. Coggin, certify that:

1.   I  have  reviewed  this quarterly report on  Form  10-Q  of  Southwest
Royalties Institutional Income Fund VIII-B, L.P.

2.Based  on my knowledge, this 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 report;

3.Based  on  my  knowledge, the financial statements, and  other  financial
  information  included  in  this report, fairly present  in  all  material
  respects  the financial condition, results of operations and  cash  flows
  of the registrant as of, and for, the periods presented in this report;

4.The  registrant's other certifying officer(s) and I are  responsible  for
  establishing  and  maintaining disclosure  controls  and  procedures  (as
  defined  in  Exchange  Act  Rules 13a-15(e) and  15-15(e))  and  internal
  control  over financial reporting (as defined in Exchange Act Rules  13a-
  15(f) and 15d-15(f) for the registrant and have:

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

  b)Designed  such  internal control over financial  reporting,  or  caused
     such  internal  control over financial reporting to be designed  under
     our   supervision,  to  provide  reasonable  assurance  regarding  the
     reliability  of financial reporting and the preparation  of  financial
     statements for external purposes in accordance with generally accepted
     accounting principles;

  c)Evaluated  the  effectiveness of the registrant's  disclosure  controls
     and  procedures and presented in this report our 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

  d)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 (the registrant's fourth fiscal quarter  in
     the  case  of  an annual report) that has materially affected,  or  is
     reasonably  likely  to  materially affect, the  registrant's  internal
     control over financial reporting; and

5.The  registrant's other certifying officer(s) and I have disclosed, based
  on  our  most  recent  evaluation  of  internal  control  over  financial
  reporting,  to  the  registrant's auditors and  the  audit  committee  of
  registrant's  board  of directors (or persons performing  the  equivalent
  functions):

  a)All  significant deficiencies and material weaknesses in the design  or
     operation   of  internal  controls  over  financial  reporting   which
     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 management or  other
     employees  who  have  a significant role in the registrant's  internal
     controls over financial reporting.


Date:  November 14, 2003           /s/ Bill E. Coggin
                                   Bill E. Coggin
                                   Executive Vice President
                                   and Chief Financial Officer of
                                   Southwest Royalties, Inc., the
                                   Managing General Partner of
                                   Southwest Royalties Institutional Income
Fund VIII-B, L.P.



<PAGE>
                          CERTIFICATION PURSUANT TO
                               Exhibit 32.1
                          19 U.S.C. SECTION 1350,
                          AS ADOPTED PURSUANT TO
               SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


      In  connection  with  the  Quarterly Report  of  Southwest  Royalties
Institutional  Income Fund VIII-B, Limited Partnership (the  "Company")  on
Form  10-Q  for  the  period ending September 30, 2003 as  filed  with  the
Securities  and Exchange Commission on the date hereof (the  "Report"),  I,
H.H.  Wommack, III, Chief Executive Officer of the Managing General Partner
of  the  Company, certify, pursuant to 18 U.S.C.  1350, as adopted pursuant
to  906 of the Sarbanes-Oxley Act of 2002, that:

  (1)   The Report fully complies with the requirements of section 13(a) or
     15(d) of the Securities Exchange Act of 1934; and

  (2)   The  information  contained in the Report fairly presents,  in  all
     material respects, the financial condition and results of operation of the
     Company.


Date:  November 14, 2003




/s/ H.H. Wommack, III
H. H. Wommack, III
Chairman, President, Director and Chief Executive Officer
  of Southwest Royalties, Inc., the
  Managing General Partner of
  Southwest Royalties Institutional Income Fund VIII-B, L.P.

<PAGE>
              CERTIFICATION PURSUANT TO            Exhibit 32.2
                          19 U.S.C. SECTION 1350,
                          AS ADOPTED PURSUANT TO
               SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


      In  connection  with  the  Quarterly Report  of  Southwest  Royalties
Institutional  Income Fund VIII-B, Limited Partnership (the  "Company")  on
Form  10-Q  for  the  period ending September 30, 2003 as  filed  with  the
Securities  and Exchange Commission on the date hereof (the  "Report"),  I,
Bill E. Coggin, Chief Financial Officer of the Managing General Partner  of
the  Company, certify, pursuant to 18 U.S.C.  1350, as adopted pursuant  to
 906 of the Sarbanes-Oxley Act of 2002, that:

  (1)   The Report fully complies with the requirements of section 13(a) or
     15(d) of the Securities Exchange Act of 1934; and

  (2)   The  information  contained in the Report fairly presents,  in  all
     material respects, the financial condition and results of operation of the
     Company.


Date:  November 14, 2003




/s/ Bill E. Coggin
Bill E. Coggin
Executive Vice President
  and Chief Financial Officer of
  Southwest Royalties, Inc., the
  Managing General Partner of
  Southwest Royalties Institutional Income Fund VIII-B, L.P.

<PAGE>