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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 June 30, 2000

                                    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)

                             (915) 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

        The total number of pages contained in this report is 16.

<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, 1999 which are found in the Registrant's  Form
10-K  Report  for  1999 filed with the Securities and Exchange  Commission.
The December 31, 1999 balance sheet included herein has been taken from the
Registrant's  1999 Form 10-K Report.  Operating results for the  three  and
six month periods ended June 30, 2000 are not necessarily indicative of the
results that may be expected for the full year.

<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.

                              Balance Sheets


                                                 June 30,      December 31,
                                                   2000            1999
                                                ---------      ------------
                                               (unaudited)

  Assets

Current assets:
 Cash and cash equivalents                   $    130,139          65,039
 Receivable from Managing General Partner         164,359         119,012
                                                ---------       ---------
    Total current assets                          294,498         184,051
                                                ---------       ---------
Oil and gas properties - using the
 full cost method of accounting                 4,133,496       4,133,496
  Less accumulated depreciation,
   depletion and amortization                   3,656,058       3,641,058
                                                ---------       ---------
    Net oil and gas properties                    477,438         492,438
                                                ---------       ---------
                                             $    771,936         676,489
                                                =========       =========
  Liabilities and Partners' Equity

Current liability - Distributions payable    $        331             523
                                                ---------       ---------
Partners' equity:
 General partners                                  23,743          12,679
 Limited partners                                 747,862         663,287
                                                ---------       ---------
    Total partners' equity                        771,605         675,966
                                                ---------       ---------
                                             $    771,936         676,489
                                                =========       =========

<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.

                         Statements of Operations
                               (unaudited)


                                 Three Months Ended      Six Months Ended
                                       June 30,              June 30,
                                    2000      1999        2000      1999

  Revenues

Income from net profits
 interests                    $   191,433     94,660    375,070    138,252
Interest                            1,587        306      2,554        534
Miscellaneous income                   59          -         58          -
                                  -------    -------    -------    -------
                                  193,079     94,966    377,682    138,786
                                  -------    -------    -------    -------

  Expenses

General and administrative         22,608     20,383     42,043     40,512
Depreciation, depletion and
 amortization                       5,000     10,000     15,000     23,000
                                  -------    -------    -------    -------
                                   27,608     30,383     57,043     63,512
                                  -------    -------    -------    -------
Net income                    $   165,471     64,583    320,639     75,274
                                  =======    =======    =======    =======
Net income allocated to:

 Managing General Partner     $    15,342      6,712     30,207      8,845
                                  =======    =======    =======    =======
 General Partner              $     1,705        746      3,357        983
                                  =======    =======    =======    =======
 Limited Partners             $   148,424     57,125    287,075     65,446
                                  =======    =======    =======    =======
  Per limited partner unit    $     14.63       5.63      28.29       6.45
                                  =======    =======    =======    =======

<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.

                         Statements of Cash Flows
                               (unaudited)


                                                        Six Months Ended
                                                             June 30,
                                                          2000      1999

Cash flows from operating activities:

 Cash received from income from net
  profits interests                                 $   320,706     69,165
 Cash paid to suppliers                                (32,968)   (28,794)
 Interest received                                        2,554        534
                                                       --------   --------
  Net cash provided by operating activities             290,292     40,905
                                                       --------   --------
Cash flows used in financing activities:

 Distributions to partners                            (225,192)   (50,355)
                                                       --------   --------
Net increase (decrease) in cash and cash
 equivalents                                             65,100    (9,450)

 Beginning of period                                     65,039     33,562
                                                       --------   --------
 End of period                                      $   130,139     24,112
                                                       ========   ========

                                                               (continued)

<PAGE>
        Southwest Royalties Institutional Income Fund VIII-B, L.P.

                   Statements of Cash Flows, continued
                               (unaudited)


                                                        Six Months Ended
                                                             June 30,
                                                          2000      1999

Reconciliation of net income to net cash
 provided by operating activities:

Net income                                          $   320,639     75,274

Adjustments to reconcile net income to net
 cash provided by operating activities:

  Depreciation, depletion and amortization               15,000     23,000
  Increase in receivables                              (54,422)   (69,087)
  Increase in payables                                    9,075     11,718
                                                        -------    -------
Net cash provided by operating activities           $   290,292     40,905
                                                        =======    =======

<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  and  H. H. Wommack, III, as the  individual  general
     partner.  Revenues, costs and expenses are allocated as follows:

                                                     Limited      General
                                                     Partners     Partners
                                                     --------     --------
     Interest income on capital contributions          100%          -
     Oil and gas sales from net profits interests       90%         10%
     All other revenues                                 90%         10%
     Organization and offering costs (1)               100%          -
     Amortization of organization costs                100%          -
     Property acquisition costs                        100%          -
     Gain/loss on property dispositions                 90%         10%
     Operating and administrative costs (2)             90%         10%
     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 June 30, 2000, and  for  the
     three  and  six  months  ended June 30, 2000, 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 audited  financial
     statements for the year ended December 31, 1999.

<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 does not  anticipate  performing
workovers  during the next year.  The Partnership could possibly experience
a normal decline of 8% to 10% 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.

The  Partnership's policy for depreciation, depletion and  amortization  of
oil  and  gas  properties is computed under the units  of  revenue  method.
Under the units of revenue method, depreciation, depletion and amortization
is  computed  on  the  basis of current gross revenues from  production  in
relation  to future gross revenues, based on current prices, from estimated
production of proved oil and gas reserves.

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 June 30, 2000, the net capitalized costs  did  not
exceed the estimated present value of oil and gas reserves.



<PAGE>
Results of Operations

A.  General Comparison of the Quarters Ended June 30, 2000 and 1999

The  following  table  provides certain information  regarding  performance
factors for the quarters ended June 30, 2000 and 1999:

                                               Three Months
                                                  Ended          Percentage
                                                 June 30,         Increase
                                              2000       1999    (Decrease)
                                              ----       ----    ----------

Average price per barrel of oil          $    27.53      16.24      70%
Average price per mcf of gas             $     4.32       2.62      65%
Oil production in barrels                    10,200     10,600     (4%)
Gas production in mcf                        11,300     14,800    (24%)
Income from net profits interests        $  191,433     94,660     102%
Partnership distributions                $  125,000     50,000     150%
Limited partner distributions            $  112,500     45,000     150%
Per unit distribution to limited
 partners                                $    11.09       4.43     150%
Number of limited partner units              10,147     10,147

Revenues

The  Partnership's income from net profits interests increased to  $191,433
from  $94,660  for the quarters ended June 30, 2000 and 1999, respectively,
an increase of 102%.  The principal factors affecting the comparison of the
quarters ended June 30, 2000 and 1999 are as follows:

1.  The  average  price  for a barrel of oil received  by  the  Partnership
    increased  during the quarter ended June 30, 2000 as  compared  to  the
    quarter ended June 30, 1999 by 70%, or $11.29 per barrel, resulting  in
    an  increase  of  approximately $119,700 in  income  from  net  profits
    interests.  Oil sales represented 85% of total oil and gas sales during
    the  quarter ended June 30, 2000 as compared to 82% during the  quarter
    ended June 30, 1999.

    The  average  price  for  an  mcf of gas received  by  the  Partnership
    increased during the same period by 65%, or $1.70 per mcf, resulting in
    an  increase  of  approximately $25,200  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
    $144,900.  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 decreased approximately 400 barrels or  4%  during  the
    quarter  ended June 30, 2000 as compared to the quarter ended June  30,
    1999,  resulting in a decrease of approximately $11,000 in income  from
    net profits interests.

    Gas production decreased approximately 3,500 mcf or 24% during the same
    period, resulting in a decrease of approximately $15,100 in income from
    net profits interests.

    The  total  decrease in income from net profits interests  due  to  the
    change  in  production is approximately $26,100.  The decrease  in  gas
    production is due primarily to downtime on one lease.

3.  Lease  operating  costs  and  production  taxes  were  19%  higher,  or
    approximately $22,000 more during the quarter ended June  30,  2000  as
    compared  to  the  quarter ended June 30, 1999. The increase  in  lease
    operating  costs  and production taxes is primarily  a  result  of  the
    higher  oil and gas prices received by the Partnership.  Higher  prices
    have  made  it  possible for the Partnership to  perform  needed  major
    repairs  and  maintenance.  Since production taxes are based  on  gross
    revenues,  the  increase in oil and gas prices have directly  increased
    production taxes.

Costs and Expenses

Total costs and expenses decreased to $27,608 from $30,383 for the quarters
ended June 30, 2000 and 1999, respectively, a decrease of 9%.  The decrease
is  the  result of lower depletion expense, partially offset by an increase
in general and administrative 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
    11%  or approximately $2,200 during the quarter ended June 30, 2000  as
    compared to the quarter ended June 30, 1999.

2.  Depletion  expense decreased to $5,000 for the quarter ended  June  30,
    2000  from  $10,000  for the same period in 1999.   This  represents  a
    decrease  of 50%.  Depletion is calculated using the units  of  revenue
    method  of  amortization based on a percentage of current period  gross
    revenues  to  total future gross oil and gas revenues, as estimated  by
    the  Partnership's  independent  petroleum  consultants.   Contributing
    factors  to  the  decline in depletion expense between the  comparative
    periods were the increase in the price of oil and gas used to determine
    the Partnership's reserves for July 1, 2000 as compared to 1999.

<PAGE>
B.  General  Comparison of the Six Month Periods Ended June  30,  2000  and
    1999

The  following  table  provides certain information  regarding  performance
factors for the six month periods ended June 30, 2000 and 1999:

                                                Six Months
                                                  Ended          Percentage
                                                 June 30,         Increase
                                              2000       1999    (Decrease)
                                              ----       ----    ----------

Average price per barrel of oil          $    27.12     13.35       103%
Average price per mcf of gas             $     3.84      2.26        70%
Oil production in barrels                    20,200    21,500       (6%)
Gas production in mcf                        23,000    27,800      (17%)
Income from net profits interests        $  375,070   138,252       171%
Partnership distributions                $  225,000    50,000       350%
Limited partner distributions            $  202,500    45,000       350%
Per unit distribution to limited
 partners                                $    19.96      4.43       350%
Number of limited partner units              10,147    10,147

Revenues

The  Partnership's income from net profits interests increased to  $375,070
from   $138,252  for  the  six  months  ended  June  30,  2000  and   1999,
respectively,  an  increase of 171%.  The principal factors  affecting  the
comparison of the six months ended June 30, 2000 and 1999 are as follows:

1.  The  average  price  for a barrel of oil received  by  the  Partnership
    increased during the six months ended June 30, 2000 as compared to  the
    six months ended June 30, 1999 by 103%, or $13.77 per barrel, resulting
    in  an  increase of approximately $296,100 in income from  net  profits
    interests. Oil sales represented 86% of total oil and gas sales  during
    the  six  months ended June 30, 2000 as compared to 82% during the  six
    months ended June 30, 1999.

    The  average  price  for  an  mcf of gas received  by  the  Partnership
    increased during the same period by 70%, or $1.58 per mcf, resulting in
    an  increase  of  approximately $43,900  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
    $340,000.  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 decreased approximately 1,300 barrels or 6% during  the
    six months ended June 30, 2000 as compared to the six months ended June
    30,  1999,  resulting in a decrease of approximately $35,300 in  income
    from net profits interests.

    Gas production decreased approximately 4,800 mcf or 17% during the same
    period, resulting in a decrease of approximately $18,400 in income from
    net profits interests.

    The  total  decrease in income from net profits interests  due  to  the
    change  in  production is approximately $53,700.  The decrease  in  gas
    production is due primarily to downtime on one lease.

3.  Lease  operating  costs  and  production  taxes  were  23%  higher,  or
    approximately $49,600 more during the six months ended June 30, 2000 as
    compared  to the six months ended June 30, 1999. The increase in  lease
    operating  costs  and production taxes is primarily  a  result  of  the
    higher  oil and gas prices received by the Partnership.  Higher  prices
    have  made  it  possible for the Partnership to  perform  needed  major
    repairs  and  maintenance.  Since production taxes are based  on  gross
    revenues,  the  increase in oil and gas prices have directly  increased
    production taxes.

Costs and Expenses

Total  costs  and expenses decreased to $57,043 from $63,512  for  the  six
months ended June 30, 2000 and 1999, respectively, a decrease of 10%.   The
decrease is the result of lower depletion expense, partially offset  by  an
increase in general and administrative 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 4%
    or  approximately $1,500 during the six months ended June 30,  2000  as
    compared to the six months ended June 30, 1999.

2.  Depletion  expense decreased to $15,000 for the six months  ended  June
    30,  2000 from $23,000 for the same period in 1999.  This represents  a
    decrease  of 35%.  Depletion is calculated using the units  of  revenue
    method  of  amortization based on a percentage of current period  gross
    revenues  to  total future gross oil and gas revenues, as estimated  by
    the  Partnership's  independent  petroleum  consultants.   Contributing
    factors  to  the  decline in depletion expense between the  comparative
    periods were the increase in the price of oil and gas used to determine
    the Partnership's reserves for July 1, 2000 as compared to 1999.

<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 $290,300  in
the six months ended June 30, 2000 as compared to approximately $40,900  in
the  six  months ended June 30, 1999.  The primary source of the 2000  cash
flow from operating activities was profitable operations.

There were no cash flows provided by investing activities in the six months
ended June 30, 2000 and 1999.

Cash flows used in financing activities were approximately $225,200 in  the
six  months ended June 30, 2000 as compared to approximately $50,400 in the
six  months ended June 30, 1999.  The only use in financing activities  was
the distributions to partners.

Total distributions during the six months ended June 30, 2000 were $225,000
of  which  $202,500 was distributed to the limited partners and $22,500  to
the general partners.  The per unit distribution to limited partners during
the  six months ended June 30, 2000 was $19.96.  Total distributions during
the  six  months  ended  June 30, 1999 were $50,000 of  which  $45,000  was
distributed  to  the limited partners and $5,000 to the  general  partners.
The  per unit distribution to limited partners during the six months  ended
June 30, 1999 was $4.43.

The  sources  for  the  2000 distributions of $225,000  were  oil  and  gas
operations  of  approximately  $290,300,  resulting  in  excess  cash   for
contingencies  or  subsequent  distributions.   The  source  for  the  1999
distributions  of  $50,000  was  oil and gas  operations  of  approximately
$40,900,  with the balance from available cash on hand at the beginning  of
the period.

Since  inception of the Partnership, cumulative monthly cash  distributions
of  $5,986,587  have  been made to the partners.   As  of  June  30,  2000,
$5,408,413 or $533.01 per limited partner unit has been distributed to  the
limited partners, representing a 107% return of the capital contributed.

As  of June 30, 2000, the Partnership had approximately $294,200 in working
capital.   The  Managing  General Partner knows of no  unusual  contractual
commitments  and  believes  the  revenues  generated  from  operations  are
adequate to meet the needs of the Partnership.

<PAGE>
Liquidity - Managing General Partner

The  Managing General Partner has a highly leveraged capital structure with
over  $50.1  million principal due by December 31, 2000 and  $15.3  million
interest   payments  due  within  the  next  twelve  months  on  its   debt
obligations.  The Managing General Partner is currently in the  process  of
renegotiating  the  terms  of its various obligations  with  its  creditors
and/or  attempting to seek new lenders or equity investors.   Additionally,
the Managing General Partner would consider disposing of certain assets  in
order to meet its obligations.

There  can  be  no  assurance  that  the Managing  General  Partner's  debt
restructuring efforts will be successful or that the lenders will agree  to
a   course   of  action  consistent  with  the  Managing  General  Partners
requirements  in restructuring the obligations.  Even if such agreement  is
reached,  it  may  require approval of additional  lenders,  which  is  not
assured.  Furthermore, there can be no assurance that the sales  of  assets
can  be  successfully  accomplished on terms  acceptable  to  the  Managing
General   Partner.   Under  current  circumstances,  the  Managing  General
Partner's  ability to continue as a going concern depends upon its  ability
to  (1)  successfully  restructure  its obligations  or  obtain  additional
financing  as  may  be  required, (2) maintain  compliance  with  all  debt
covenants, (3) generate sufficient cash flow to meet its obligations  on  a
timely  basis, and (4) achieve satisfactory levels of future earnings.   If
the  Managing  General Partner is unsuccessful in its efforts,  it  may  be
unable to meet its obligations making it necessary to undertake such  other
actions as may be appropriate to preserve asset values.



<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:

                27 Financial Data Schedule

                (b)  Reports on Form 8-K:
                 No reports on Form 8-
                K were filed during the quarter ended June 30, 2000.

<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/ J Steven Person
                                   ------------------------------
                                   J Steven Person, Vice-President of
                                   Marketing and Chief Financial Officer
                                   of Southwest Royalties, Inc.
                                   the Managing General Partner

Date: August 15, 2000

<PAGE>