Williams Coal Seam Gas Royalty Trust (the "Trust") was formed as a Delaware business trust pursuant to the Trust Agreement of Williams Coal Seam Gas Royalty Trust entered into effective as of December 1, 1992 by and among Wiliams Production Company ("WPC"), as trustor, The Williams Companies, Inc., the parent company of WPC, and NationsBank, N.A. (now Bank of America, N.A.) (the "Trustee") and Chemical Bank Delaware,as trustees. The Trust owns net profits interests (the "Royalty Interests") in proved coal seam gas properties located in the San Juan Basin of New Mexico and Colorado (the "Underlying Properties"). These Royalty Interests are the only assets of the Trust, other than cash and temporary investments being held for the payment of expenses and liabilities and for distribution to Unitholders.