UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                  PURSUANT TO SECTION 13A-16 OR 15D-16 OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                                 JUNE 20, 2006

                       Commission File Number: 001-14534


                            PRECISION DRILLING TRUST
             (Exact name of registrant as specified in its charter)


                          4200, 150 - 6TH AVENUE S.W.
                                CALGARY, ALBERTA
                                CANADA T2P 3Y7
                    (Address of principal executive offices)


      Indicate  by  check  mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
                          Form 20-F    Form 40-F    X

      Indicate by check mark  if  the  registrant  is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1).

      Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper
of a Form 6-K if submitted solely to provide an attached annual report to
security holders.

      Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):

      Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper
of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of
the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

      Indicate  by  check  mark  whether  the  registrant   by   furnishing  the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange  Act  of
1934.
                               Yes        No   X

      If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):  82-  N/A









Pursuant to the requirements of Section 12 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.



Dated: June 20, 2006
                                     PRECISION DRILLING TRUST
                                     BY ITS ADMINISTRATOR PRECISION DRILLING
                                     CORPORATION


                                     By:   "Darren Ruhr"
                                     Name: Darren Ruhr
                                     Title:Corporate Secretary











Exhibit     Title

1                 PRESS RELEASE - PRECISION DRILLING TRUST CONFIRMS JUNE 2006
            CASH DISTRIBUTION







[Graphic Omitted]
[Logo - Precision Drilling Trust]


                                  NEWS RELEASE


                           PRECISION DRILLING TRUST
                      CONFIRMS JUNE 2006 CASH DISTRIBUTION


Calgary, Alberta, Canada - June 20, 2006

Precision Drilling Trust ("Precision") confirms today that the cash distribution
for  the  month  of June 2006 will be Cdn$0.31 per trust unit of Precision.  The
distribution will  be  payable on July 18, 2006 to unitholders of record on June
30, 2006.  The ex-distribution date is June 28, 2006.  A payment of Cdn$0.31 per
unit will also be made to  holders  of  Class  B  limited  partnership  units of
Precision  Drilling  Limited  Partnership using the same record date and payment
date.

Precision   Drilling  Trust  is  Canada's   largest   energy   services   trust.
Headquartered  in  Calgary, Alberta, Precision is the leading provider of energy
services to the Canadian  oil  and  gas  industry.  Precision provides customers
with  access  to an extensive fleet of contract  drilling  rigs,  service  rigs,
camps, snubbing  units  and  rental  equipment  backed by a comprehensive mix of
technical support services and skilled, experienced personnel.

PRECISION  IS  LISTED ON THE TORONTO STOCK EXCHANGE  UNDER  THE  TRADING  SYMBOL
"PD.UN" AND IN U.S.  DOLLARS "PD.U" AND ON THE NEW YORK STOCK EXCHANGE UNDER THE
TRADING SYMBOL "PDS".

FOR FURTHER INFORMATION  PLEASE  CONTACT DOUG STRONG, CHIEF FINANCIAL OFFICER OF
PRECISION DRILLING CORPORATION, ADMINISTRATOR OF PRECISION DRILLING TRUST, 4200,
150 - 6TH AVENUE S.W., CALGARY, ALBERTA  T2P  3Y7, TELEPHONE (403) 716-4500, FAX
(403) 264-0251; WEBSITE: WWW.PRECISIONDRILLING.COM.