CUSIP No. 502003 10 6 Page 1 of 1 Page Joint Filing Agreement

SCHEDULE 13D
CUSIP No. 502003 10 6								Page 1 of 1 Page
Exhibit 1
Joint Filing Agreement
The undersigned parties hereby agree to the joint filing of the Statement on Schedule 13D filed herewith, and any amendments hereto, relating to the Units of Beneficial Interest of LL&E Royalty Trust with the Securities and Exchange Commission pursuant to Rule 13d-1(k).
Date:			October 23, 2008
						Xxxxxxx & Company, Incorporated
		/s/ Xxxxxx X. Xxxxxxx				By:	/s/ Xxxxxx X. Xxxxxxx
		Xxxxxx X. Xxxxxxx					Name: Xxxxxx X. Xxxxxxx
							Title: President and Treasurer
Xxxxxxx & Company, LLC
By:		/s/ Xxxxxx X. Xxxxxxx				By:	/s/ Xxxxxxx X. Xxxxxx
		Name: Xxxxxx X. Xxxxxxx					Xxxxxxx X. Xxxxxx
		Title: President and Treasurer
Ravenswood Management Company, L.L.C.						The Ravenswood Investment Company, L.P.
By:		/s/ Xxxxxx X. Xxxxxxx				By:	Ravenswood Management Company, L.L.C.
		Name: Xxxxxx X. Xxxxxxx					Its General Partner
		Title: Managing Member
Ravenswood Investments III, L.P.						By:	/s/ Xxxxxx X. Xxxxxxx
							Name: Xxxxxx X. Xxxxxxx
By:		Ravenswood Management Company, L.L.C.					Title: Managing Member
		Its General Partner
By:		/s/ Xxxxxx X. Xxxxxxx
		Name: Xxxxxx X. Xxxxxxx
		Title: Managing Member