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SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 30, 2008
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from to
 Commission file Number  2-22997
 MILLS MUSIC TRUST
 (Exact name of registrant as specified in its charter)
 New York
    
    13-6183792(State or other jurisdiction of 
incorporation or organization)
    
    (I.R.S. Employer
Identification No.)
 C/O HSBC Bank USA, N/A Corporate Trust Issuer Services, 452 Fifth Avenue, New York, New York 10018-2706(Address of principal executive offices)
    
    (ZIP Code)
 (Registrants telephone number, including area code (212) 525-1349
 Indicate by check-mark whether the registrant (1) has 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 þ NO o
 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
 Large accelerated filer o
Accelerated filer o
Non-accelerated filer o(Do not check if a smaller reporting company)
Smaller reporting company þ Indicate by check mark whether the registrant is a shell company (As defined in rule 12b-2 of the
Exchange Act). YES o NO þ
 The number of the Registrants Trust Units outstanding as of September 30, 2008 was 277,712.




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TABLE OF CONTENTS  PART I  FINANCIAL STATEMENTSItem 1. Financial InformationItem 2. Managements Discussion and Analysis of Results of OperationsItem 3. Quantitative and Quantitative Disclosures About Market Risk.Item 4T Controls and ProceduresPART II  OTHER INFORMATIONItem 6 Exhibits and Reports on Form 8-KSIGNATURESEX-31.1: CERTIFICATIONEX-31.2: CERTIFICATIONEX-32.1: CERTIFICATIONEX-32.2: CERTIFICATION    Table of Contents  
 PART I  FINANCIAL STATEMENTS
 
  MILLS MUSIC TRUST  STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS  THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
  Three Months Ended
    
    
    Nine Months EndedSeptember 30
    
    
    September 302008
    
    
    2007
    
    
    2008
    
    
    2007Receipts:From EMI
    
    $
    263,394
    
    
    $
    622,121
    
    
    $
    831,865
    
    
    $
    978.029Undistributed cash
at beginning of the
period
    
    
    4,417
    
    
    
    52
    
    
    
    4,422
    
    
    
    42Disbursements-administrative
expenses *
    
    
    (61,540
    )
    
    
    (66,620
    )
    
    
    (178,552
    )
    
    
    (124,755
    )Balance available
for distribution
    
    $
    206,291
    
    
    
    555.553
    
    
    
    657,735
    
    
    
    853,316Cash distribution
to unit holders
    
    
    206,229
    
    
    
    555,502
    
    
    
    657,673
    
    
    
    853,265Undistributed cash
at end of the
period
    
    $
    62
    
    
    $
    51
    
    
    $
    62
    
    
    $
    51Cash distribution
per unit (based on
277,712 units
outstanding)
    
    $
    .74
    
    
    $
    2.00
    
    
    $
    2.37
    
    
    $
    3.07
 
 *
    
    In June 2008 and December 2007, $4,375 of Trustee and transfer agent fees for each period,
scheduled to be paid, were not paid due to clerical errors. These fees were paid in July 2008 and
February 2008, respectively.




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4 
    Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,2008
    
    2007
    
    2008
    
    2007HSBC Bank USA:Trustee Fees
    
    $
    625
    
    
    $
    625
    
    
    $
    1,875
    
    
    $
    1,875Transfer agent
and registrar
    
    
    3,750
    
    
    
    3,750
    
    
    
    11,250
    
    
    
    11,250Administration
    
    
    
    
    
    
    125
    
    
    
    
    
    
    
    125




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6 PART I  FINANCIAL STATEMENTS




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8




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9 
 PART II  OTHER INFORMATION
  
  (a)
    
    Documents Filed As Part of This Report
 Exhibit No.
    
    Description31.1
    
    Certification of the chief financial individual providing
accounting services (filed herewith)31.2
    
    Certification of the trust officer of the corporate trustee
(filed herewith)32.1
    
    Certification of Chief financial individual providing
accounting services pursuant to 18 U.S.C. § 1350 (furnished
herewith)*32.2
    
    Certification of trust officer for the corporate trustee
pursuant to 18 U.S.C. §1350 (furnished herewith)*
 
 *
    
    The information furnished in Exhibits 32.1 and 32.2 shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, regardless of any
general incorporation language in such filing. (b)
    
    Reports on Form 8-K




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10 
 SIGNATURES
  MILLS MUSIC TRUST
(Registrant)Date:  November 12, 2008
    By:
    /s/ Thomas G. MackayHSBC Bank USA, NACorporate Trustee