Mesa Offshore Trust said it received itsfirst cash distribution from the Mesa Limited Partnership and
expects dividends to its unitholders to begin in July.
    It said the cash distribution for March totaled 2,484,000
dlrs, which will be used to repay a portion of the Trust's
outstanding 3.2 mln dlr line of credit with Texas Commerce Bank
National Association. Mesa said the line of credit must be
repaid before distributions to unit holders may begin.
    Mesa Offshore Trust previously owed Mesa Limited Partnship
for expenses related to exploration and development of the
Trust's properties.
 Reuter
