FORM 10-Q
                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


            [X]  Quarterly Report Pursuant to Section 13 or 15(d)
                   of the Securities Exchange Act of 1934

               For the Quarterly Period Ended:  September 30, 2002
                                     or
           [ ]   Transition Report Pursuant to Section 13 or 15(d)
                   of the Securities Exchange Act of 1934


                      Commission File Number:  0-26932

                      THE MILLBURN WORLD RESOURCE TRUST
           (Exact name of registrant as specified in its charter)

             Delaware                             06-6415-583
  (State or other jurisdiction of             (I.R.S. Employer
    incorporation or organization)             Identification No.)

                     c/o MILLBURN RIDGEFIELD CORPORATION
                           411 West Putnam Avenue
                        Greenwich, Connecticut  06830
                  (Address of principal executive offices)

Registrant's telephone number, including area code:  (203) 625-7554

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant           Units of Beneficial Interest
   to Section 12(g) of the Act:                 (Title of Class)

Indicate by check mark whether the registrant (1) 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    [ ]

Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 12b-2 of the Exchange Act).

          Yes    [ ]                                      No    [X]
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST INDEX

Part I - Financial Information
Financial Statements:                                          Pages
   Statements of Financial Condition at
      September 30, 2002 and December 31, 2001 (unaudited)       1
   Statements of Operations for the Three Months Ended
      September 30, 2002 and 2001 (unaudited)                    2-3
   Statements of Operations for the nine Months Ended
      September 30, 2002 and 2001 (unaudited)                    4-5
   Condensed Schedule of Investments at
      September 30, 2002 (unaudited)                             6-7
   Statements of Trust Capital for the Three Months
      Ended September 30, 2002 and 2001 (unaudited)              8
   Statements of Trust Capital for the nine Months
      Ended September 30, 2002 and 2001 (unaudited)              9
   Financial Highlights for the Three Months Ended
      September 30, 2002 and 2001 (unaudited)                   10
   Financial Highlights for the Nine Months Ended
      September 30, 2002 and 2001 (unaudited)                   11
   Notes to Financial Statements (unaudited)                    12-19
Part II - Other Information                                     20-26
<PAGE>
PART I. FINANCIAL INFORMATION                                          Page 1
ITEM I. FINANCIAL STATEMENTS
THE MILLBURN WORLD RESOURCE TRUST
Statements of Financial Condition (UNAUDITED)
<TABLE>
<CAPTION>
                                                30-Sep-02          31-Dec-01
Assets:                                       -------------      -------------
<S>                                           <C>                <C>
Cash                                           $ 2,025,286       $    713,134
Cash denominated in foreign currencies
 (cost $0,000 and $99,672 at September 30, 2002
 and December 31, 2001)                                 0              99,737
Investments in U.S. Treasury notes - at
 value (amortized cost $7,769,891 and
 $9,881,177 at September 30, 2002 and
 December 31, 2001)                              7,782,515          9,893,306
Unrealized appreciation on open contracts        1,887,793          1,253,312
Unrealized depreciation on open contracts         (293,107)          (309,214)
                                              -------------      -------------
Total equity in trading accounts                11,402,487         11,650,275

Investments in U.S. Treasury notes - at
 value (amortized cost $12,767,779 and
 $12,963,306 at September 30, 2002 and
 December 31, 2001)                             12,766,844         13,039,750
Money market fund                                1,626,906          1,530,026
Accrued interest receivable                        300,703            372,187
                                              -------------      -------------
Total Assets                                  $ 26,096,940       $ 26,592,238
                                              =============      =============

Liabilities & Trust Capital:
Due to broker                                 $    395,829       $         0
Accrued expenses                                    36,832             85,883
Redemptions payable to Unitholders               1,098,939            609,969
Accrued brokerage commissions                      170,177            173,329
                                              -------------      -------------
Total Liabilities                                1,701,777            869,181

Trust Capital:
   Managing Owner interest                         603,274            900,516
   Unitholders (19,111.466 and 24,866.853
    Units of Beneficial Interest outstanding
    at September 30, 2002 and December 31, 2001
    respectively)                               23,791,889         24,822,541
                                              -------------      -------------
Total Trust Capital                             24,395,163         25,723,057
                                              -------------      -------------
Total Liabilities and Trust Capital           $ 26,096,940       $ 26,592,238
                                              =============      =============

Net Asset Value per Unit                      $   1,244.90       $     998.22
                                              =============      =============
</TABLE>
              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 2

Statements of Operations
For the three months ended September 30, 2002 and 2001 (UNAUDITED)

<TABLE>
<CAPTION>
                                                Sep 30, 2002     Sep 30, 2001
                                                ------------     ------------
<S>                                             <C>              <C>
Investment income:
   Interest income                              $    99,412      $   407,906
                                                ------------     ------------
Expenses
   Administrative expenses                           22,164           74,438
   Brokerage commissions                            542,159          617,719
                                                ------------     ------------
      Total expenses                                564,323          692,157
                                                ------------     ------------
      Net investment loss                          (464,911)        (284,251)

</TABLE>
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 3

Statements of Operations (Continued)
For the three months ended September 30, 2002 and 2001 (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                             <C>              <C>
Realized and unrealized gains (losses)
   Net gains (losses) on trading of futures
    and forward contracts
      Net realized gains (losses) on
       closed positions:
         Futures and forward contracts            5,847,079         (775,455)
                                                ------------     ------------
         Net realized gains (losses) on
          closed positions                        5,847,079         (775,455)
                                                ------------     ------------
      Net change in unrealized appreciation
       (depreciation):
         Futures and forward contracts           (1,771,947)        (567,588)
         Foreign exchange translation                 6,673              294
                                                ------------     ------------
            Net change in unrealized
             appreciation (depreciation)         (1,765,274)        (567,294)
                                                ------------     ------------
            Net realized and unrealized gains
             (losses) on trading of futures
             and forward contracts and foreign
             exchange translation                 4,081,805       (1,342,749)
                                                ------------     ------------
   Net gains (losses) from U.S. Treasury obligations
      Net realized gains                                 0            49,961
      Net change in unrealized appreciation
       (depreciation)                                 1,282          (83,505)
                                                ------------     ------------
         Net gains (losses) from U.S.
          Treasury obligations                        1,282          (33,544)
                                                ------------     ------------
         Total net realized and unrealized
          gains (losses)                          4,083,087       (1,376,293)
                                                ------------     ------------
         Net income (loss)                      $ 3,618,176     $ (1,660,544)
                                                ------------     ------------
         Net income (loss) per unit of
          beneficial interest                   $    171.80     $     (61.95)
</TABLE>
              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 4

Statements of Operations
For the nine months ended September 30, 2002 and 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                                Sep 30, 2002     Sep 30, 2001
                                                ------------     ------------
<S>                                             <C>              <C>
Investment income:
   Interest income                              $   381,874      $ 1,266,555
                                                ------------     ------------
Expenses
   Administrative expenses                           66,487          223,313
   Brokerage commissions                          1,584,854        2,040,510
                                                ------------     ------------
      Total expenses                              1,651,341        2,263,823
                                                ------------     ------------
      Net investment loss                        (1,269,467)        (997,268)

<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 5

Statements of Operations (Continued)
For the nine months ended September 30, 2002 and 2001 (UNAUDITED)

Realized and unrealized gains (losses)
   Net gains (losses) on trading of futures
    and forward contracts
      Net realized gains (losses) on closed positions:
         Futures and forward contracts            5,981,154        4,412,403
                                                ------------     ------------
         Net realized gains (losses) on
          closed positions                        5,981,154        4,412,403
                                                ------------     ------------
      Net change in unrealized appreciation
       (depreciation):
         Futures and forward contracts              650,588       (5,537,606)
         Foreign exchange translation                 8,665           (5,903)
                                                ------------     ------------
            Net change in unrealized
             appreciation (depreciation)            659,253       (5,543,509)
                                                ------------     ------------
            Net realized and unrealized gains
             (losses) on trading of futures
             and forward contracts and foreign
             exchange translation                 6,640,407       (1,131,106)
                                                ------------     ------------
   Net gains (losses) from U.S. Treasury obligations
      Net realized gains                                 0           126,122
      Net change in unrealized appreciation
       (depreciation)                               (76,884)        (162,799)
                                                ------------     ------------
         Net gains (losses) from U.S.
          Treasury obligations                      (76,884)         (36,677)
                                                ------------     ------------
         Total net realized and unrealized
          gains (losses)                          6,563,523       (1,167,783)
                                                ------------     ------------
         Net income (loss)                      $ 5,294,056     $ (2,165,051)
                                                ------------     ------------
         Net income (loss) per unit of
          beneficial interest                   $    246.68     $     (83.32)
</TABLE>
              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 6

Condensed Schedule of Investments at September 30, 2002 (UNAUDITED)
<TABLE>
<CAPTION>
                                    Net Unrealized
                                    Appreciation/
                                    (Depreciation)    Net Unrealized
                                  as a percentage of  Appreciation/
  Futures and Forward Contracts     Trust Capital     (Depreciation)
  -----------------------------   ------------------  ---------------
<S>                               <C>                 <C>
   Futures Contracts Purchased            7.07%
      Energies                                          $   115,574
      Interest rates                                      1,578,188
      Metals                                                 34,670
      Softs                                                  (3,713)
                                                      ---------------
         Total Futures Contracts Purchased                1,724,719
                                                      ---------------

   Futures Contracts Sold                 0.30%
      Interest rates                                        (55,697)
      Metals                                                (25,864)
      Softs                                                 (11,575)
      Stock Indices                                         155,403
      Grains                                                 11,813
                                                      ---------------
         Total Futures Contracts Sold                        74,080
                                                      ---------------
         Total investment in futures
          contracts                       7.37%           1,798,799
                                                      ---------------
   Forward Contracts Purchased            0.64%             156,293
                                                      ---------------
   Forward Contracts Sold                -1.48%            (360,406)
                                                      ---------------
      Total investment in forward
      contracts                          -0.84%            (204,113)
                                                      ---------------
   Total Investments in futures and
   forward contracts                      6.53%       $   1,594,686
                                                      ===============
</TABLE>
               See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 7

Condensed Schedule of Investments at September 30, 2002 (UNAUDITED) (Continued)
<TABLE>
<CAPTION>
                                                    Value as a
                                                    % of Trust
Face Amount Investments in U.S. Treasury Notes        Capital        Value
----------- ----------------------------------      ------------ -------------
<S>         <C>                                     <C>           <C>
            Government - United States                  84.24%
$6,820,000   U.S. Treasury notes, 4.000%, 4/30/2003               $ 6,920,169
 6,610,000   U.S. Treasury notes, 5.75%, 10/31/2002                 6,630,656
 6,910,000   U.S. Treasury notes, 4.625%, 2/28/2003                 6,998,534
                                                                 -------------
                  Total investments in U.S. Treasury
                  notes (amortized cost $20,537,670)    84.24%    $20,549,359
                                                                 -------------
</TABLE>
<TABLE>
<CAPTION>

                                   Percent of      Net Unrealized
   Currency Composition -        Unrealized to     Appreciation/
   Futures & Forward Contracts  Total Unrealized   (Depreciation)
                                -----------------  ---------------
<S>                             <C>                <C>
   British Pound                    -0.02%         $       (278)
   Euro                             48.61%              775,161
   Hong Kong Dollar                  1.42%               22,661
   Japanese Yen                      6.29%              100,384
   Norwegian krona                   1.53%               24,417
   U.S. Dollar                      42.17%              672,341
                                -----------------   --------------
      Total                        100.00%          $ 1,594,686
                                =================   ==============
</TABLE>
                  See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 8

Statement of Trust Capital
For the three months ended September 30, 2002 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit         Managing
                                      Holders          Owner         Total
                                   -------------    ----------   -------------
<S>                                <C>              <C>          <C>
Trust Capital at June 30, 2002
 (21,070.035 Units)                $ 22,610,242     $ 509,151    $ 23,119,393
Addition of 7.034 Units                      0             0               0
Redemption of (1,965.603) Units      (2,342,406)           0       (2,342,406)
Net Income(Loss)                      3,524,053        94,123       3,618,176
                                   -------------    ----------   -------------
Trust Capital at September 30,     $ 23,791,889     $ 603,274    $ 24,395,163
 2002, (19,111.466 Units)          =============    ==========   =============
Net Asset Value per Unit
 at September 30, 2002             $   1,244.90
                                   =============
</TABLE>

Statement of Trust Capital
For the three months ended September 30, 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit         Managing
                                      Holders          Owner         Total
                                   -------------    ----------   -------------
<S>                                <C>              <C>          <C>
Trust Capital at June 30, 2001
 (26,440.412 Units)                $ 29,462,805     $ 964,020    $ 30,426,825
Addition of 265.144 Units               270,066            0          270,066
Redemption of (981.744) Units        (1,036,424)           0       (1,036,424)
Net Income(Loss)                     (1,625,832)    $ (34,712)     (1,660,544)
                                    ------------    ----------   -------------
Trust Capital at September 30,     $ 27,070,615     $ 929,308    $ 27,999,923
 2002, (25,723.812 Units)          =============    ==========   =============
Net Asset Value per Unit
 at September 30, 2001             $   1,052.36
                                   =============
</TABLE>
                 See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 9

Statement of Trust Capital
For the nine months ended September 30, 2002 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit         Managing
                                      Holders          Owner         Total
                                   -------------    -----------  -------------
<S>                                <C>              <C>          <C>
Trust Capital at December 31, 2001
 (24,866.853 Units)                $ 24,822,541     $  900,516   $ 25,723,057
Addition of 306.696 Units               279,812             0         279,812
Redemption of (6,062.083) Units      (6,401,762)      (500,000)    (6,901,762)
Net Income(Loss)                      5,091,298        202,758      5,294,056
                                   -------------    -----------  -------------
Trust Capital at September 30,     $ 23,791,889     $  603,274   $ 24,395,163
 2002, (19,111.466 Units)          =============    ===========  =============
Net Asset Value per Unit
 at September 30, 2002             $   1,244.90
                                   =============
</TABLE>

Statement of Trust Capital
For the nine months ended September 30, 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit         Managing
                                      Holders          Owner         Total
                                   -------------    ----------   -------------
<S>                                <C>              <C>          <C>
Trust Capital at December 31,
 2002, (29,311.653 Units)          $ 33,288,797     $ 942,196    $ 34,230,993
Addition of 708.244 Units               746,069            0          746,069
Redemption of (4,296.085) Units      (4,812,088)           0       (4,812,088)
Net Income(Loss)                     (2,152,163)      (12,888)     (2,165,051)
                                   -------------    ----------   -------------
Trust Capital at September 30,     $ 27,070,615     $ 929,308    $ 27,999,923
 2002, (25,723.812 Units)          =============    ==========   =============
Net Asset Value per Unit
 at September 30, 2001             $   1,052.36
                                   =============
</TABLE>
                 See accompanying notes to financial statements.

<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 10

Financial Highlights (Unaudited) Per Unit Operating Performance for the
three months ended September 30, 2002 and 2001 (unaudited) were as follows:
<TABLE>
<CAPTION>
                                          2002          2001
                                      ------------  ------------
<S>                                   <C>           <C>
Net income (loss) from operations:
   Net investment loss                $    (23.19)    $  (15.29)
Net realized and unrealized gains
 (losses) on trading of futures and
 forward contracts                         195.09        (41.03)
Net gains (losses) from U.S.
 Treasury obligations                       (0.10)        (5.63)
                                      ------------  ------------
      Net income (loss) per unit           171.80        (61.95)

Net asset value per Unit,
 beginning of period                     1,073.10      1,114.31
                                      ------------  ------------
Net asset value per Unit,
 end of Period                        $  1,244.90   $  1,052.36
                                      ============  ============
</TABLE>

Total return and ratios for the three months ended September 30, 2002:

  Total return:                                       16.01%
  Ratio of expenses to average net assets:             9.60% (annualized)
  Ratio of net investment loss to average net assets: -7.94% (annualized)


              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 11

Financial Highlights (Unaudited) Per Unit Operating Performance for the
nine months ended September 30, 2002 and 2001 (unaudited) were as follows:
<TABLE>
<CAPTION>

                                          2002          2001
                                      ------------  ------------
<S>                                   <C>           <C>
Net income (loss) from operations:
   Net investment loss                $    (58.24)    $  (40.35)
Net realized and unrealized gains
 (losses) on trading of futures and
 forward contracts                         308.32        (34.60)
Net gains (losses) from U.S.
 Treasury obligations                       (3.40)        (8.37)
                                      ------------  ------------
      Net income (loss) per unit           246.68        (83.32)

Net asset value per Unit,
 beginning of period                       998.22      1,135.68
                                      ------------  ------------
Net asset value per Unit,
 end of Period                        $  1,244.90   $  1,052.36
                                      ============  ============
</TABLE>

Total return and ratios for the nine months ended September 30, 2002:
  Total return:                                       24.71%
  Ratio of expenses to average net assets:             9.50% (annualized)
  Ratio of net investment loss to average net assets: -7.36% (annualized)


              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 12

NOTES TO FINANCIAL STATEMENTS

THE MILLBURN WORLD RESOURCE TRUST

The accompanying financial statements are unaudited but, in the opinion of
management, include all adjustments (consisting only of normal recurring
adjustments) necessary for a fair presentation of the Trust's financial
condition at September 30, 2002 (unaudited) and December 31, 2001 and the
results of its operations for the three month and nine month periods ended
September 30, 2002 and 2001. These financial statements present the results
of interim periods and do not include all disclosures normally provided in
annual financial statements. It is suggested that these financial statements
be read in conjunction with the financial statements and notes included in
the Trust's annual report on Form 10-K filed with the Securities and Exchange
Commission for the year ended December 31, 2001.

ITEM II. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

Reference is made to Item 1, "Financial Statements"  The information
contained therein is essential to, and should be read in connection with,
the following analysis.

OPERATIONAL OVERVIEW

Due to the nature of the Trust's business, its results of operations depend
on the Managing Owner's ability to recognize and capitalize on trends and
other profit opportunities in different sectors of the global capital and
commodity markets.  The Managing Owner's trading methods are confidential,
so that substantially the only information that can be furnished regarding
the Trust's results of operations is contained in the performance record of
its trading.  Unlike operating businesses, general economic or seasonal
conditions do not directly affect the profit potential of the Trust, and its
past performance is not necessarily indicative of future results.  Because of
the speculative nature of its trading, operational or economic trends have
little relevance to the Trust's results.  The Managing Owner believes that
there are certain market conditions, for example, markets with strong price
trends, in which the Trust has a better likelihood of being profitable than
in others.

LIQUIDITY AND CAPITAL RESOURCES

The Trust raises additional capital only through the sale of Units and
trading profits (if any) and does not engage in borrowing.  Units may be
offered for sale as of the beginning of each month, although the Trust has
not offered Units since May 2002.

The Trust trades futures, options and forward contracts on interest rates,
commodities, currencies, metals, energy and stock indices.  Due to the nature
of the Trust's business, substantially all its assets are represented by cash,
United States government obligations and short-term foreign sovereign debt
obligations, while the Trust maintains its market exposure through open
futures and forward contract positions.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 13

The Trust's assets are generally held as cash or cash equivalents which are
used to margin or collateralize the Trust's futures and forward positions and
are withdrawn, as necessary, to pay redemptions and expenses.  Other than
potential market-imposed limitations on liquidity, due, for example, to daily
price fluctuation limits, which are inherent in the Trust's futures and forward
trading, the Trust's assets are highly liquid and are expected to remain so.
During its operations through the three-month period ending September 30, 2002,
the Trust experienced no meaningful periods of illiquidity in any of the
numerous markets traded by the Managing Owner.

RESULTS OF OPERATIONS
<TABLE>
<CAPTION>
                          30-Sep-02      30-Jun-02
                        -------------  -------------
        <S>             <C>            <C>
        Ending Equity   $ 24,395,163   $ 23,119,393
</TABLE>

Due to the nature of commodity trading, the results of operations for the
interim period presented should not be considered indicative of the results
that may be expected for the entire year.

The Trust's net assets increased 5.51% in the third quarter of 2002.  This
increase was attributable to net income from operations of $3,618,176, which
was partially offset by redemptions of $2,342,406.

Brokerage commissions are calculated on the net asset value on the last day
of each month and are affected by trading performance and redemptions.
Brokerage commissions for the three months ended September 30, 2002
decreased by $75,560, relative to the corresponding period in 2001.

The Trust's net asset value per unit registered a double-digit gain for the
quarter, increasing 16.01%.  Trading of interest rate, stock index, energy
and metal futures was profitable, while currency trading resulted in losses.

Interest rates on government debt declined sharply during the summer. Hence,
the Trust's long positions in German 5 and 10-year bonds, U.S. Treasury 5 and
10-year notes and the 30-year bond, and short-term eurodollar deposits were
profitable.  A long Japanese government bond position was also profitable,
although the size of the gain was cut significantly after a major sell-off
in JGB's followed the Bank of Japan's announcement that it would purchase
stocks from major banks.

Global stock markets declined further during the quarter.  Short positions
in German, Hong Kong, Japanese, and U.S. stock index futures were profitable.

Though energy prices were volatile during the quarter, long positions in
crude oil, natural gas, London gas oil, and heating oil were profitable.
A long position in unleaded gasoline did produce a fractional loss, however.

In the metals sector of the portfolio, a short aluminum trade generated a
modest gain that more than offset a fractional loss on a short gold trade.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 14

Currency trading, on the other hand, was unprofitable during the July-
September period.  The sustained dollar decline that had characterized
the second quarter came to an end in the third quarter.  A trend reversal
that started in late July was followed by volatile but generally non-
directional market activity thereafter.  Hence, short dollar positions
relative to the yen, euro, Korean won, and Swiss franc produced losses,
and were closed or reversed to long positions.  Non-dollar cross rate
trading had no significant impact on NAV for the quarter.

Finally, the gain from a long corn trade was more than offset by losses
from trading sugar, cotton, and coffee.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Introduction

Past Results Are Not Necessarily Indicative of Future Performance

The Trust is a speculative commodity pool.   Unlike an operating company,
the risk of market sensitive instruments is integral, not incidental, to
the Trust's main line of business.

Market movements result in frequent changes in the fair market value of
the Trust's open positions and, consequently, in its earnings and cash
flow.  The Trust's market risk is influenced by a wide variety of
factors, including the level and volatility of interest rates, exchange
rates, equity price levels, the market value of financial instruments
and contracts, the diversification effects among the Trust's open
positions and the liquidity of the markets in which it trades.

The Trust can rapidly acquire and/or liquidate both long and short
positions in a wide range of different markets.  Consequently, it is
not possible to predict how a particular future market scenario will
affect performance, and the Trust's past performance is not necessarily
indicative of its future results.

Value at Risk is a measure of the maximum amount which the Trust could
reasonably be expected to lose in a given market sector.  However, the
inherent uncertainty of the Trust's speculative trading and the
recurrence in the markets traded by the Trust of market movements far
exceeding expectations could result in actual trading or non-trading
losses far beyond the indicated Value at Risk or the Trust's experience
to date (i.e., "risk of ruin").  In light of the foregoing as well as
the risks and uncertainties intrinsic to all future projections, the
inclusion of the quantification included in this section should not be
considered to constitute any assurance or representation that the
Trust's losses in any market sector will be limited to Value at Risk
or by the Trust's attempts to manage its market risk.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 15

Quantifying the Trust's Trading Value at Risk

Quantitative Forward-Looking Statements

The following quantitative disclosures regarding the Trust's market
risk exposures contain "forward-looking statements" within the meaning
of the safe harbor from civil liability provided for such statements by
the Private Securities Litigation Reform Act of 1995 (set forth in Section
27A of the Securities Act and Section 21E of the Securities Exchange Act
of 1934).  All quantitative disclosures in this section are deemed to be
forward-looking statements for purposes of the safe harbor, except for
statements of historical fact.

The Trust's risk exposure in the various market sectors traded by the
Managing Owner is quantified below in terms of Value at Risk.  Due to
the Trust's mark-to-market accounting, any loss in the fair value of
the Trust's open positions is directly reflected in the Trust's earnings
(realized or unrealized) and cash flow (at least in the case of
exchange-traded contracts in which profits and losses on open positions
are settled daily through variation margin).

Exchange maintenance margin requirements have been used by the Trust as
the measure of its Value at Risk.  Maintenance margin requirements are
set by exchanges to equal or exceed 95-99% of the maximum one-day losses
in the fair value of any given contract incurred during the time period
over which historical price fluctuations are researched for purposes of
establishing margin levels.  The maintenance margin levels are established
by dealers and exchanges using historical price studies as well as an
assessment of current market volatility (including the implied volatility
of the options on a given futures contract) and economic fundamentals to
provide a probabilistic estimate of the maximum expected near-term one-day
price fluctuation.

In the case of market sensitive instruments which are not exchange traded
(almost exclusively currencies in the case of the Trust), dealers' margins
have been used as Value at Risk.

The fair value of the Trust's futures and forward positions does not have
any optionality component.  However,  the Managing Owner may also trade
commodity options on behalf of the Trust.  The Value at Risk associated
with options is reflected in the following table as the margin requirement
attributable to the instrument underlying each option.

In quantifying the Trust's Value at Risk, 100% positive correlation in the
different positions held in each market risk category has been assumed.
Consequently, the margin requirements applicable to the open contracts have
simply been aggregated to determine each trading category's aggregate Value
at Risk.  The diversification effects resulting from the fact that the
Trust's positions are rarely, if ever, 100% positively correlated have not
been reflected.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 16

The Trust's Trading Value at Risk in Different Market Sectors

The following table indicates the average, highest and lowest amounts of
trading Value at Risk associated with the Trust's open positions by market
category for the nine months ended September 30, 2002. During the nine months
ended September 30, 2002, the Trust's average total capitalization was
approximately $ 23,649,700. As of September 30, 2002, the Trust's total
capitalization was approximately $24.0 million. There have been no material
changes in the Trust's trading Value at Risk associated with its open
positions from the end of fiscal year 2001.

<TABLE>
<CAPTION>
                  Average Value    % of Average    Highest Value  Lowest Value
Market Sector       at Risk ($)   Capitalization    at Risk ($)    at Risk ($)
-------------     --------------  ---------------  --------------  ------------
<S>               <C>             <C>              <C>             <C>
Interest Rates    $  1.3             5.4%          $    1.6        $    0.9
Currencies           1.9             8.2%               2.8             1.0
Stock Indices        0.7             3.0%               0.8             0.6
Metals               0.3             1.1%               0.4             0.2
Commodities          0.2             0.7%               0.3             0.0
Energy               0.9             3.9%               1.3             0.4

    Total         $  5.3            22.3%
</TABLE>

Average, highest and lowest Value at Risk amounts relate to the quarter-end
amounts for each calendar quarter-end during the nine month period ended
September 30, 2002. Average capitalization is the average of the Trust's
capitalization at the end of each calendar quarter through September 30, 2002.
Dollar amounts represent millions of dollars.

Material Limitations on Value at Risk as an Assessment of Market Risk

The face value of the market sector instruments held by the Trust is
typically many times the applicable maintenance margin requirement
(maintenance margin requirements generally ranging between approximately
1% and 10% of contract face value) as well as many times the capitalization
of the Trust.  The magnitude of the Trust's open positions creates a "risk
of ruin" not typically found in most other investment vehicles.  Because of
the size of its positions, certain market conditions - unusual, but
historically recurring from time to time - could cause the Trust to incur
severe losses over a short period of time.  The foregoing Value at Risk
table - as well as the past performance of the Trust - give no indication
of this "risk of ruin."

Non-Trading Risk

The Trust has non-trading market risk on its foreign cash balances not
needed for margin.  However, these balances (as well as any market risk
they represent) are immaterial.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 17

The Trust also has non-trading cash flow risk as a result of  holding a
substantial portion (approximately 84%) of its assets in short-term
U.S. Treasury instruments and other short-term debt instruments (as well
as any market risk they represent) for margin and cash management purposes.
Although the Managing Owner does not anticipate that, even in the case of
major interest rate movements, the Trust would sustain a material

mark-to-market loss on its securities positions, if short-term interest
rates decline so will the Trust's cash management income.  The Trust also
maintains a portion (approximately 8% of its assets in cash in
interest-bearing bank accounts.  These cash balances are also subject
(as well as any market risk they represent) to cash flow risk, which is
not material.

Qualitative Disclosures Regarding Primary Trading Risk Exposures

The following qualitative disclosures regarding the Trust's market risk
exposures - except for (i) those disclosures that are statements of
historical fact and (ii) the descriptions of how the Managing Owner
manages the Trust's primary market risk exposures - constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Securities Exchange Act.  The
Trust's primary market risk exposures as well as the strategies used
and to be used by the Managing Owner for managing such exposures are
subject to numerous uncertainties, contingencies and risks, any one of
which could cause the actual results of the Trust's risk controls to
differ materially from the objectives of such strategies.  Government
interventions, defaults and expropriations, illiquid markets, the
emergence of dominant fundamental factors, political upheavals, changes
in historical price relationships, an influx of new market participants,
increased regulation and many other factors could result in material
losses as well as in material changes to the risk exposures and the
risk management strategies of the Trust.  There can be no assurance
that the Trust's current market exposure and/or risk management strategies
will not change materially or that any such strategies will be effective
in either the short- or long-term.  Investors must be prepared to lose all
or substantially all of their investment in the Trust.

The following were the primary trading risk exposures of the Trust as of
September 30, 2002, by market sector.

Interest Rates.  Interest rate risk is the principal market exposure of
the Trust.  Interest rate movements directly affect the price of the
sovereign bond positions held by the Trust and indirectly the value of
its stock index and currency positions.  Interest rate movements in one
country as well as relative interest rate movements between countries
materially impact the Trust's profitability.  The Trust's primary
interest rate exposure is to interest rate fluctuations in the United
States and the other G-7 countries.  The Managing Owner anticipates that
G-7 interest rates will remain the primary market exposure of the Trust
for the foreseeable future.  The changes in interest rates which have
the most effect on the Trust are changes in long-term, as opposed to
short-term, rates.  Most of the speculative positions held by the Trust
are in medium- to long-term instruments.  Consequently, even a material
change in short-term rates would have little effect on the Trust were
the medium- to long-term rates to remain steady.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 18

Currencies.  The Trust's currency exposure is to exchange rate
fluctuations, primarily fluctuations which disrupt the historical
pricing relationships between different currencies and currency pairs.
These fluctuations are influenced by interest rate changes as well as
political and general economic conditions.  The Trust trades in a large
number of currencies, including cross-rates - i.e., positions between
two currencies other than the U.S. dollar.  However, the Trust's major
exposures have typically been in the dollar/yen, dollar/euro and
dollar/pound positions.  The Managing Owner does not anticipate that
the risk profile of the Trust's currency sector will change significantly
in the future.

Stock Indices.  The Trust's primary equity exposure is to equity price
risk in the G-7 countries.  The stock index futures traded by the Trust
are by law limited to futures on broadly based indices.  As of September 30,
2002, the Trust's primary exposures were in the Simex (Singapore),
Nikkei (Japan) and Hang Sang (Hong Kong) stock indices.   The Trust is
primarily exposed to the risk of adverse price trends or static markets
in the major U.S., European and Asian indices.  (Static markets would not
cause major market changes but would make it difficult for the Trust to
avoid numerous small losses.)

Metals.  The World Resource program used for the Trust trades precious
and base metals. The Trust's primary metals market exposure is to
fluctuations in the price of gold aluminum, copper and zinc.

Commodities.  The Trust's primary commodities exposure is to agricultural
price movements which are often directly affected by severe or unexpected
weather conditions.  Grains, coffee, sugar, cotton and cocoa accounted
for the substantial bulk of the Trust's commodities exposure as of
September 30, 2002.  In the past, the Trust has had material market exposure
to live cattle, orange juice and the soybean complex and may do so again
in the future.  However, the Trust will maintain an emphasis on grains,
coffee, sugar, and cotton, in which the Trust has historically
taken its largest commodity positions.

Energy.  The Trust's primary energy market exposure is to gas and oil
price movements, often resulting from political developments in the
Middle East.  Although the Managing Owner trades natural gas, oil is
the dominant energy market exposure of the Trust.  Oil prices are
volatile and substantial profits and losses have been and are expected
to continue to be experienced in this market.


Qualitative Disclosures Regarding Non-Trading Risk Exposure

The following were the only non-trading risk exposures of the Trust as
of September 30, 2002.

Foreign Currency Balances.  The Trust's primary foreign currency balances
are in Japanese yen, euro, Korean Won and Singapore and Hong Kong
dollars. The Trust controls the non-trading risk of these balances by
regularly converting these balances back into dollars (no less frequently
than twice a month).
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 19

Securities Positions.  The Trust's only market exposure in instruments
held other than for trading is in its securities portfolio.  The Trust
holds only cash or interest-bearing, credit risk-free, short-term paper -
typically U.S. Treasury instruments with durations no longer than 1 year.
Violent fluctuations in prevailing interest rates could cause immaterial
mark-to-market losses on the Trust's securities, although substantially
all of these short-term instruments are held to maturity.

Qualitative Disclosures Regarding Means of Managing Risk Exposure

The Managing Owner attempts to control risk through the systematic
application of its trading method, which includes a multi-system approach
to price trend recognition, an analysis of market volatility, the
application of certain money management principles, which may be revised
from time to time, and adjusting leverage or portfolio size.  In addition,
the Managing Owner limits its trading to markets which it believes are
sufficiently liquid in respect of the amount of trading it contemplates
conducting.

The Managing Owner's risk management also focuses on money management
principles applicable to a portfolio as a whole rather than to individual
markets.  The first principle is reducing overall portfolio volatility
through diversification among markets.   The Managing Owner seeks a
portfolio in which returns from trading in different markets are not
highly correlated, that is, in which returns are not all positive or
negative at the same time.  Additional money management principles
include limiting the assets committed as margin or collateral, generally
within a range of 15% to 35% of an account's net assets; avoiding the
use of unrealized profits in a particular market as margin for additional
positions in the same market; and changing the equity used for trading an
account solely on a controlled periodic basis, not automatically due to
an increase in equity from trading profits.

Another important risk management function is the careful control of
leverage or portfolio size.  Leverage levels are determined by simulating
the entire portfolio over the past five or ten years to determine the
worst case experienced by the portfolio in the simulation period.  The
worst case or peak-to-trough drawdown is measured from a daily high in
portfolio assets to the subsequent daily low whether that occurs days,
weeks or months after the daily high.  If the Managing Owner considers
the drawdown too severe, it reduces the leverage or portfolio size.

ITEM 4. CONTROLS AND PROCEDURES
Millburn Ridgefield Corporation, the Managing Owner of the Trust, with the
participation of the Managing Owner's Co-Chief Executive Officers and
Chief Financial Officer, has evaluated the effectiveness of the design
and operation of its disclosure controls and procedures with respect to
the Trust within 90 days of the filing date of this quarterly report,
and, based on their evaluation, have concluded that these disclosure
controls and procedures are effective.  There were no significant changes
in the Managing Owner's internal controls with respect to the Trust or in
other factors applicable to the Trust that could significantly affect
these controls subsequent to the date of their evaluation.

<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 20

PART II. OTHER INFORMATION

ITEM I. Legal Proceedings - None
ITEM 2. Changes in Securities and Use of Proceeds
        (c)   Reg. S-K Item 701(f)

        (1)   The use of proceeds information is being disclosed for
Registration Statement No. 33-90756 declared effective on July 12, 1995
and Registration Statement No. 333-50209, filed pursuant to Rule 429
under the Securities Act of 1933, declared effective May 18, 1998.

        (4)(iv)   For the account of the issuer, the amount of Units sold
as of September 30, 2002 is $98,244,352, and the aggregate offering price of
the amount sold as of September 30, 2002 is $98,244,352.

        (vi)   The net offering proceeds to the issuer totaled $98,244,352.

        (vii)   From the effective date of the Registration Statements to
September 30, 2002, the amount of net offering proceeds to the issuer for
commodity futures and forward trading totaled $98,244,352.

ITEM 3. Defaults Upon Senior Securities - None
ITEM 4. Submission of Matters to a Vote of Security Holders - None
ITEM 5. Other Information - None
ITEM 6. (a) Exhibits -

		99(a) - Certification of Co-Chief Executive Officer
		99(b) - Certification of Co-Chief Executive Officer
		99(c) - Certification of Chief Financial Officer

        (b) Reports on Form 8-K - None



                                 SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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, in the City of New York
and State of New York on the 29th day of October 2002.

   THE MILLBURN WORLD RESOURCE TRUST

   By:  Millburn Ridgefield Corporation,
        Managing Owner

Date: October 29, 2002
                              /s/Tod A. Tanis
                                 Tod A. Tanis
                                 Vice-President
                                 (principal accounting officer)
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 21

Exhibit 99 (a)

CERTIFICATION OF CO-CHIEF EXECUTIVE OFFICER

I, George E. Crapple, Co-Chief Executive Officer of Millburn Ridgefield
Corporation, the Managing Owner of The Millburn World Resource Trust
(the "Trust"), do hereby certify that:

1.  I have reviewed this quarterly report on Form 10-Q of The Millburn
World Resource Trust;

2.  Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Trust as of, and for, the periods presented in this quarterly report;

4. The Trust's other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as such term is defined in
paragraph (c) of Exchange Act Rule 15d-14) for the Trust and we have:

  (i)  designed such disclosure controls and procedures to ensure that material
information relating to the Trust, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

  (ii) evaluated the effectiveness of the Trust's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

  (iii) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5.  The Trust's other certifying officers and I have disclosed, based on our
most recent evaluation, to the Trust's auditors and the audit committee of the
Trust's board of directors (or persons performing the equivalent functions):

  (i) all significant deficiencies in the design or operation of internal
controls which could adversely affect the Trust's ability to record, process,
summarize and report financial data and have identified for the Trust's
auditors any material weaknesses in internal controls; and

  (ii) any fraud, whether or not material, that involves management or other
employees who have a significant role in the Trust's internal controls; and
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 22

6.  The Trust's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


By:  /s/ George E. Crapple


__________________________________
George E. Crapple
Co-Chief Executive Officer
November 12, 2002

<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 23

Exhibit 99 (b)

CERTIFICATION OF CO-CHIEF EXECUTIVE OFFICER

I, Harvey Beker, Co-Chief Executive Officer of Millburn Ridgefield Corporation,
the Managing Owner of The Millburn World Resource Trust(the "Trust"), do hereby
certify that:

1.  I have reviewed this quarterly report on Form 10-Q of The Millburn World
Resource Trust;

2.  Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Trust as of, and for, the periods presented in this quarterly report;

4. The Trust's other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as such term is defined in
paragraph (c) of Exchange Act Rule 15d-14) for the Trust and we have:

  (i)  designed such disclosure controls and procedures to ensure that material
information relating to the Trust, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

  (ii) evaluated the effectiveness of the Trust's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

  (iii) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5.  The Trust's other certifying officers and I have disclosed, based on our
most recent evaluation, to the Trust's auditors and the audit committee of the
Trust's board of directors (or persons performing the equivalent functions):

  (i) all significant deficiencies in the design or operation of internal
controls which could adversely affect the Trust's ability to record, process,
summarize and report financial data and have identified for the Trust's
auditors any material weaknesses in internal controls; and

  (ii) any fraud, whether or not material, that involves management or other
employees who have a significant role in the Trust's internal controls; and
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 24

6.  The Trust's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


By:  /s/ Harvey Beker


__________________________________
Harvey Beker
Co-Chief Executive Officer
November 12, 2002
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 25

Exhibit 99 (c)

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Gregg R. Buckbinder, Chief Financial Officer of Millburn Ridgefield
Corporation, the Managing Owner of The Millburn World Resource Trust
(the "Trust"), do hereby certify that:

1.  I have reviewed this quarterly report on Form 10-Q of The Millburn
World Resource Trust;

2.  Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Trust as of, and for, the periods presented in this quarterly report;

4. The Trust's other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as such term is defined in
paragraph (c) of Exchange Act Rule 15d-14) for the Trust and we have:

  (i)  designed such disclosure controls and procedures to ensure that material
information relating to the Trust, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

  (ii) evaluated the effectiveness of the Trust's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

  (iii) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5.  The Trust's other certifying officers and I have disclosed, based on our
most recent evaluation, to the Trust's auditors and the audit committee of the
Trust's board of directors (or persons performing the equivalent functions):

  (i) all significant deficiencies in the design or operation of internal
controls which could adversely affect the Trust's ability to record, process,
summarize and report financial data and have identified for the Trust's
auditors any material weaknesses in internal controls; and

  (ii) any fraud, whether or not material, that involves management or other
employees who have a significant role in the Trust's internal controls; and
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST                                      Page 26

6.  The Trust's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


By:  /s/ Gregg R. Buckbinder


__________________________________
Gregg R. Buckbinder
Chief Financial Officer
November 12, 2002