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

                                  FORM 10-Q


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

               For the Quarterly Period Ended:  June 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    [ ]

Aggregate market value of the voting and non-voting common equity held by
non-affiliates:  $22,610,242.00.

<PAGE>
THE MILLBURN WORLD RESOURCE TRUST INDEX

Part I - Financial Information
Financial Statements:                                          Pages
   Statements of Financial Condition at
      June 30, 2002 and December 31, 2001 (unaudited)           1
   Statements of Operations for the Three Months Ended
      June 30, 2002 and 2001 (unaudited)                        2
   Statements of Operations for the Six Months Ended
      June 30, 2002 and 2001 (unaudited)                        3
   Condensed Schedule of Investments at
      June 30, 2002 (unaudited)                                 4-5
   Statements of Trust Capital for the Three Months
      Ended June 30, 2002 and 2001 (unaudited)                  6
   Statements of Trust Capital for the Six Months
      Ended June 30, 2002 and 2001 (unaudited)                  7
   Financial Highlights for the Three Months Ended
      June 30, 2002 and 2001 (unaudited)                        8
   Financial Highlights for the Six Months Ended
      June 30, 2002 and 2001 (unaudited)                        9
   Notes to Financial Statements (unaudited)                   10-17
Part II - Other Information                                    18

<PAGE>

PART I. FINANCIAL INFORMATION
ITEM I. FINANCIAL STATEMENTS
THE MILLBURN WORLD RESOURCE TRUST

Statements of Financial Condition (UNAUDITED)
<TABLE>
<CAPTION>
                                                30-Jun-02          31-Dec-01
Assets:                                       -------------      -------------
<S>                                           <C>                <C>
Cash                                           $ 1,231,612       $    713,134
Cash denominated in foreign currencies
 (cost $0,000 and $99,672 at June 30, 2002
 and December 31, 2001)                                 0              99,737
Investments in U.S. Treasury notes - at
 value (amortized cost $6,656,934 and
 $9,881,177 at June 30, 2002 and
 December 31, 2001)                              6,635,981          9,893,306
Unrealized appreciation/(depreciation)
 on open contracts                               3,366,632            944,098
                                              -------------      -------------
Total equity in trading accounts                11,234,225         11,650,275

Investments in U.S. Treasury notes - at
 value (amortized cost $11,684,618 and
 $12,963,306 at June 30, 2002 and
 December 31, 2001)                             11,715,978         13,039,750
Money market fund                                2,111,223          1,530,026
Accrued interest receivable                        300,306            372,187
                                              -------------      -------------
Total Assets                                  $ 25,361,732       $ 26,592,238
                                              =============      =============

Liabilities & Trust Capital:
Due to broker                                 $    284,768       $         0
Due to General Partner                             500,000                 0
Accrued expenses                                    39,715             85,883
Redemptions payable to Unitholders               1,261,347            609,969
Accrued brokerage commissions                      156,509            173,329
                                              -------------      -------------
Total Liabilities                                2,242,339            869,181

Trust Capital:
   Managing Owner interest                         509,151            900,516
   Unitholders (21,070.035 and 23,590.295
    Units of Beneficial Interest outstanding
    at June 30, 2002 and December 31, 2001
    respectively)                               22,610,242         24,822,541
                                              -------------      -------------
Total Trust Capital                             23,119,393         25,723,057
                                              -------------      -------------
Total Liabilities and Trust Capital           $ 25,361,732       $ 26,592,238
                                              =============      =============
</TABLE>
Net Asset Value per Unit of Beneficial Interest $ 1,073.10         $ 1,201.61

              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST
Statements of Operations
For the three months ended June 30, 2002 and 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                                Jun 30, 2002     Jun 30, 2001
                                                ------------     ------------
<S>                                             <C>              <C>
Investment income:
   Interest income                              $   120,527      $   428,406
Expenses
   Administrative expenses                           22,162           74,437
   Brokerage commissions                            502,311          688,044
                                                ------------     ------------
      Total expenses                                524,473          762,481
                                                ------------     ------------
      Net investment loss                          (403,946)        (334,075)

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           (1,164,672)        1,252,331
         Foreign exchange transactions                   0             (1,012)
                                                ------------     ------------
         Net realized gains (losses) on
          closed positions                       (1,164,672)        1,251,319
                                                ------------     ------------
      Net change in unrealized appreciation
       (depreciation):
         Futures and forward contracts            3,807,315        (3,307,623)
         Foreign exchange translation                  (219)               0
                                                ------------     ------------
            Net change in unrealized
             appreciation (depreciation)          3,807,096        (3,307,623)
                                                ------------     ------------
            Net realized and unrealized gains
             (losses) on trading of futures
             and forward contracts and foreign
             exchange translation                 2,642,424        (2,056,304)
                                                ------------     ------------
   Net gains (losses) from U.S. Treasury obligations
      Net realized gains                                 0             76,161
      Net change in unrealized appreciation
       (depreciation)                                10,132          (140,962)
                                                ------------     ------------
         Net gains (losses) from U.S.
          Treasury obligations                       10,132           (64,801)
                                                ------------     ------------
         Total net realized and unrealized
          gains (losses)                          2,652,556        (2,121,105)
                                                ------------     ------------
         Net income (loss)                      $ 2,248,610     $  (2,455,180)
                                                ------------     ------------
         Net income (loss) per unit of
          beneficial interest                   $     98.34     $      (87.30)
</TABLE>
              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST
Statements of Operations
For the six months ended June 30, 2002 and 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                                Jun 30, 2002     Jun 30, 2001
                                                ------------     ------------
<S>                                             <C>              <C>
Investment income:
   Interest income                              $   282,461      $   858,650
Expenses
   Administrative expenses                           44,324          148,875
   Brokerage commissions                          1,042,695        1,422,791
                                                ------------     ------------
      Total expenses                              1,087,019        1,571,666
                                                ------------     ------------
      Net investment loss                          (804,558)        (713,016)

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              134,074        5,187,858
         Foreign exchange transactions                   0                0
                                                ------------     ------------
         Net realized gains (losses) on
          closed positions                          134,074        5,187,858
                                                ------------     ------------
      Net change in unrealized appreciation
       (depreciation):
         Futures and forward contracts            2,422,535       (4,970,018)
         Foreign exchange translation                 1,994           (6,199)
                                                ------------     ------------
            Net change in unrealized
             appreciation (depreciation)          2,424,529       (4,976,217)
                                                ------------     ------------
            Net realized and unrealized gains
             (losses) on trading of futures
             and forward contracts and foreign
             exchange translation                 2,558,603          211,641
                                                ------------     ------------
   Net gains (losses) from U.S. Treasury obligations
      Net realized gains                                 0            76,162
      Net change in unrealized appreciation
       (depreciation)                               (78,166)         (79,295)
                                                ------------     ------------
         Net gains (losses) from U.S.
          Treasury obligations                      (78,166)          (3,133)
                                                ------------     ------------
         Total net realized and unrealized
          gains (losses)                          2,480,437          208,508
                                                ------------     ------------
         Net income (loss)                      $ 1,675,879     $   (504,508)
                                                ------------     ------------
         Net income (loss) per unit of
          beneficial interest                   $     74.88     $      (21.37)
</TABLE>
              See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST

Condensed Schedule of Investments at June 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            6.85%
      Energies                                          $    20,649
      Interest rates                                      1,428,834
      Metals                                                 (9,801)
      Softs                                                  77,345
      Grains                                                 67,800
                                                      ---------------
         Total Futures Contracts Purchased                1,584,827
                                                      ---------------

   Futures Contracts Sold                 0.00%
      Metals                                               (176,209)
      Softs                                                   6,342
      Stock Indices                                         169,688
                                                      ---------------
         Total Futures Contracts Sold                          (179)
                                                      ---------------
         Total investment in futures
          contracts                       6.85%           1,584,648
                                                      ---------------
   Forward Contracts Purchased            7.59%           1,754,566
                                                      ---------------
   Forward Contracts Sold                 0.12%              27,418
                                                      ---------------
      Total investment in forward
      contracts                           7.71%           1,781,984
                                                      ---------------
   Total Investments in futures and
   forward contracts                     14.56%       $   3,366,632
                                                      ===============
</TABLE>
               See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST

Condensed Schedule of Investments at June 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                  79.38%
$6,820,000   U.S. Treasury notes, 6.375%, 8/15/2002               $ 6,858,363
 6,610,000   U.S. Treasury notes, 5.75%, 10/31/2002                 6,696,756
 4,710,000   U.S. Treasury notes, 4.625%, 2/28/2003                 4,796,840
                                                                 -------------
                  Total investments in U.S. Treasury
                  notes (amortized cost $18,341,552)    79.38%    $18,351,959
                                                                 -------------
</TABLE>
<TABLE>
<CAPTION>
                                   Percent of      Net Unrealized
   Currency Composition -        Unrealized to     Appreciation/
   Futures & Forward Contracts  Total Unrealized   (Depreciation)
                                -----------------  ---------------
<S>                             <C>                <C>
   British Pound                     2.41%         $    81,282
   Euro                             18.02%             606,670
   Hong Kong Dollar                  0.42%              14,231
   Japanese Yen                      6.79%             228,689
   Norwegian krona                   0.81%              27,419
   U.S. Dollar                      71.55%           2,408,341
                                -----------------   --------------
      Total                        100.00%          $3,366,632
                                =================   ==============

</TABLE>
                  See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST

Statement of Trust Capital
For the three months ended June 30, 2002 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit        Managing
                                      Holders         Owner          Total
                                    ------------   ------------   ------------
<S>                                 <C>            <C>            <C>
Trust Capital at March 31, 2002
 (23,590.295 Units)                  22,994,884         897,967    23,892,851
Addition of 12.944 Units                  5,000              0          5,000
Redemption of (2,533.204) Units      (2,527,068)       (500,000)   (3,027,068)
Net Income(Loss)                      2,137,426         111,184     2,248,610
                                    ------------    ------------   ------------
Trust Capital at June 30, 2002,      22,610,242         509,151    23,119,393
 (21,070.035 Units)                  ============   ============   ============
Net Asset Value per Unit
 at June 30, 2002                      1,073.10
                                     ============
</TABLE>

Statement of Trust Capital
For the three months ended June 30, 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit        Managing
                                      Holders         Owner          Total
                                    ------------   -----------    ------------
<S>                                 <C>            <C>            <C>
Trust Capital at March 31, 2001
 (27,742.404 Units)                  33,335,458      1,018,158      34,353,616
Addition of 245.354 Units               268,862             0          268,862
Redemption of (1,547.346) Units      (1,740,473)            0       (1,740,473)
Net Income(Loss)                     (2,401,042)       (54,138)     (2,455,180)
                                    ------------    -----------    ------------
Trust Capital at June 30, 2001,      29,462,805        964,020      30,426,825
 (26,440.412 Units)                 ============   ===========    ============
Net Asset Value per Unit
 at June 30, 2001                      1,114.31
                                     ============
</TABLE>
                 See accompanying notes to financial statements.
<PAGE>
THE MILLBURN WORLD RESOURCE TRUST

Statement of Trust Capital
For the six months ended June 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 299.662 Units               279,812             0         279,812
Redemption of (4,096.480) Units      (4,059,355)      (500,000)    (4,559,355)
Net Income(Loss)                      1,567,244        108,635      1,675,879
                                    ------------    ------------   ------------
Trust Capital at June 30, 2002,      22,610,242        509,151     23,119,393
 (21,070.035 Units)                  ============   ============   ============
Net Asset Value per Unit
 at June 30, 2002                      1,073.10
                                     ============
</TABLE>

Statement of Trust Capital
For the six months ended June 30, 2001 (UNAUDITED)
<TABLE>
<CAPTION>
                                        Unit        Managing
                                      Holders         Owner          Total
                                    ------------   -----------    ------------
<S>                                 <C>            <C>            <C>
Trust Capital at December 31, 2000
 (29,311.653 Units)                  33,288,797        942,196      34,230,993
Addition of 443.100 Units               476,003             0          476,003
Redemption of (3,314.341) Units      (3,775,663)            0       (3,775,663)
Net Income(Loss)                       (526,332)        21,824        (504,508)
                                    ------------    -----------    ------------
Trust Capital at June 30, 2001,      29,462,805        964,020      30,426,825
 (26,440.412 Units)                  ============   ===========    ============
Net Asset Value per Unit
 at June 30, 2001                      1,114.31
                                     ============
</TABLE>
                 See accompanying notes to financial statements.
<PAGE>
Financial Highlights (Unaudited) Per Unit Operating Performance for the
three months ended June 30, 2002 and 2001 (unaudited) were as follows:

<TABLE>
<CAPTION>
                                          2002          2001
                                      ------------  ------------
<S>                                   <C>            <C>
Net income (loss) from operations:
   Net investment loss                $    (18.59)    $  (14.22)
Net realized and unrealized gains
 (losses) on trading of futures and
 forward contracts                         116.64        (68.21)
Net gains (losses) from U.S.
 Treasury obligations                        0.29         (4.87)
                                      ------------  ------------
      Net income (loss) per unit            98.34        (87.30)

Net asset value per Unit,
 beginning of period                       974.76      1,201.61
                                      ------------  ------------
Net asset value per Unit,
 end of Period                        $  1,073.10   $  1,114.31
                                      ============  ============
</TABLE>

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

  Total return:                                       10.09%
  Ratio of expenses to average net assets:             9.52% (annualized)
  Ratio of net investment loss to average net assets: -1.85% (annualized)


              See accompanying notes to financial statements.
<PAGE>
Financial Highlights (Unaudited) Per Unit Operating Performance for the
six months ended June 30, 2002 and 2001 (unaudited) were as follows:

<TABLE>
<CAPTION>
                                          2002          2001
                                      ------------  ------------
<S>                                   <C>            <C>
Net income (loss) from operations:
   Net investment loss                $    (35.05)    $  (25.26)
Net realized and unrealized gains
 (losses) on trading of futures and
 forward contracts                         113.23          6.63
Net gains (losses) from U.S.
 Treasury obligations                       (3.30)        (2.74)
                                      ------------  ------------
      Net income (loss) per unit            74.88        (21.37)

Net asset value per Unit,
 beginning of period                       998.22      1,135.68
                                      ------------  ------------
Net asset value per Unit,
 end of Period                        $  1,073.10   $  1,114.31
                                      ============  ============
</TABLE>

Total return and ratios for the six months ended June 30, 2002:
  Total return:                                        7.50%
  Ratio of expenses to average net assets:             9.43% (annualized)
  Ratio of net investment loss to average net assets: -3.52% (annualized)


              See accompanying notes to financial statements.
<PAGE>
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 June 30, 2002 (unaudited) and December 31, 2001 and the
results of its operations for the three month and six month periods ended
June 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 conjunction 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 indicate 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.

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 June 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-Jun-02      31-Mar-02
                        -------------  -------------
        <S>             <C>            <C>
        Ending Equity   $ 23,119,393   $ 23,892,851
</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 decreased 3.24% in the second quarter of 2002.
This decrease was attributable to redemptions of $3,027,068, which was
partially offset by net income from operations of $2,248,610 and
contributions of $5,000.

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 June 30, 2002 decreased by
$185,733, relative to the corresponding period in 2001.

The Trust's net asset value per unit registered a double-digit advance in
the quarter, increasing by 10.09%.  Currency, interest rate and stock index
futures trading accounted for all of the gain.  Non-financial futures
trading, on the other hand, produced losses.

As the U.S. dollar declined broadly during the quarter, short dollar
positions relative to the euro, yen, Swiss franc, Korean won, and
Singapore dollar were all profitable.  Also, non-dollar, cross rate
trading was profitable.  Not even frequent foreign exchange market
intervention by the Bank of Japan-assisted late in the quarter by the
Fed and ECB, could halt the dollar's slide.

In addition, long positions in U.S. dollar-based short-term and long-term
government fixed income futures were profitable, and, by the end of the
period, long positions in European and Japanese fixed income futures were
also showing profits.  Short stock index futures positions were profitable
as well. Trading of German, Hong Kong, Japanese, and U.S. stock futures
were all profitable.

Trading of non-financial markets was negative for the quarter.  Energy
prices displayed non-directional volatility and losses were registered
on both long and short positions in crude oil, heating oil, London gas
oil, unleaded gasoline and natural gas.  Gold trading was profitable
during the quarter, but losses from trading non-precious metals exceeded
gold's gains.

Finally in the agricultural sector, a long sugar trade produced a loss,
as did trading on both sides of the corn market.


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.

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.

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 six-month period ended June 30, 2002 and fiscal year 2001.
During the six-month period ended June 30, 2002, the Trust's average total
capitalization was approximately $ 23,456,534. During fiscal year 2001,
the Trust's average total capitalization was approximately $29,808,079.
<PAGE>
                  Six-Month Period Ended June 30, 2002
<TABLE>
<CAPTION>
Market Sector   Average Value   % of Average   Highest Value  Lowest Value
-------------    at Risk ($)   Capitalization   at Risk ($)    at Risk ($)
                -------------  --------------  -------------  ------------
<S>             <C>            <C>             <C>            <C>
Interest Rates       1.1             4.7            1.9           0.4
Currencies           2.4            10.2            2.8           2.4
Stock Indices        0.7             3.0            0.8           0.7
Metals               0.2             0.9            0.2           0.2
Commodities          0.2             0.9            0.1           0.1
Energy               0.7             3.0            1.1           0.6

    Total            5.3            22.7
</TABLE>
                                Fiscal Year 2001

<TABLE>
<CAPTION>
Market Sector   Average Value   % of Average   Highest Value  Lowest Value
-------------    at Risk ($)   Capitalization   at Risk ($)    at Risk ($)
                -------------  --------------  -------------  ------------
<S>             <C>            <C>             <C>            <C>
Interest Rates       1.2             4.1            1.3           1.1
Currencies           3.2            10.5            3.7           2.7
Stock Indices        0.4             1.4            0.5           0.3
Metals               0.4             1.3            0.5           0.1
Commodities          0.3             1.0            0.4           0.1
Energy               0.6             2.0            0.8           0.5

    Total            6.1            20.3
</TABLE>

Average Value at Risk amounts for the six month period ended June 30,
2002 are the average of the amounts at each month-end during the
six-month period.  Highest and lowest Value at Risk amounts for
the six month period ended June 30, 2002  are the month-end amounts
for the two months when the Trust's total Value at Risk was at its
highest and lowest, respectively.  Average Capitalization for the
six month period ended June 30, 2002 is the average of the Trust's
capitalization at the end of each month during the six-month period.
Average, highest and lowest Value at Risk amounts for fiscal year 2001
relate to the quarter-end amounts for each calendar quarter-end during
the fiscal year.  Average Capitalization for fiscal year 2001 is the
average of the Trust's capitalization at the end of each calendar
quarter of fiscal years 2002 and 2001.  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.

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
June 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.

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 June 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
June 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.
<PAGE>

Qualitative Disclosures Regarding Non-Trading Risk Exposure

The following were the only non-trading risk exposures of the Trust as
of June 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).

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.
<PAGE>

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 June 30, 2002 is $98,244,352, and the aggregate offering price of
the amount sold as of June 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
June 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 Chief Executive Officer
		99(b) - Certification of Chief Financial Officer

        (b) Reports on Form 8-K - None

<PAGE>

                                 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 8th day of August 2002.

   THE MILLBURN WORLD RESOURCE TRUST

   By:  Millburn Ridgefield Corporation,
        Managing Owner

Date: August 8, 2002
                              /s/Tod A. Tanis
                                 Tod A. Tanis
                                 Vice-President
                                 (principal accounting officer)
<PAGE>
Exhibit 99(a)

CERTIFICATION PURSUANT TO SECTION 1350 OF CHAPTER 63 OF TITLE 18 OF THE
UNITED STATES CODE


	I, George E. Crapple, the Co-Chief Executive Officer of Millburn
Ridgefield Corporation, the Managing Owner of The Millburn World Resource
Trust (the "Trust") certify that (i) the Quarterly Report of the Trust on
Form 10Q for the period ending June 30, 2002 fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of
1934 and (ii) the information contained in such Quarterly Report fairly
presents, in all material respects, the financial condition and results
of operations of the Trust.



Date: August 8, 2002
                                /s/George E. Crapple
                                   George E. Crapple
                                   Co-Chief Executive Officer

<PAGE>
Exhibit 99(b)

CERTIFICATION PURSUANT TO SECTION 1350 OF CHAPTER 63 OF TITLE 18 OF
THE UNITED STATES CODE


	I, Gregg R. Buckbinder, the Chief Operating Officer and Chief
Financial Officer of Millburn Ridgefield Corporation, the Managing
Owner of The Millburn World Resource Trust (the "Trust") certify that
(i) the Quarterly Report of the Trust on Form 10Q for the period ending
June 30, 2002 fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934 and (ii) the information
contained in such Quarterly Report fairly presents, in all material
respects, the financial condition and results of operations of the Trust.



Date: August 8, 2002
                                 /s/Gregg R. Buckbinder
                                    Gregg R. Buckbinder
                                    Chief Operating Officer
                                    Chief Financial Officer