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<PAGE>

                         UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, DC  20549

                            FORM 10-Q


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

        For the quarterly period ended December 31, 1998

                  Commission file number 1-8187

           MINERAL MOUNTAIN MINING & MILLING COMPANY
     (Exact name of registrant as specified in its charter)


             IDAHO                               82-0144710
(State or other jurisdiction of                (IRS Employer
 incorporation or organization)            Identification Number)

                 421 Coeur d'Alene Ave. - Ste 3
                      Coeur d'Alene, Idaho
            (Address of principal executive offices)

                              83814
                            (Zip Code)

                         (208) 664-3544
      (Registrant's Telephone Number, Including Area Code)


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  ( )                              No     (X)*

*   The last Form 10-K  filed by the company was the Form 10-K for the 
fiscal year ended March 31, 1991.  The most recent 10-Q was for the quarter 
ended September 30, 1998.


              APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes 
of common stock as of December 31, 1998:

                            3,078,049







Document page 1 of 9
<PAGE>



           MINERAL MOUNTAIN MINING & MILLING COMPANY


                            PART I

<TABLE>

<C>                                                                   <S>
ITEM 1    Statement of Financial Position as of
          December 31, 1998 and March 31, 1998                        3

          Statement of Operations for the Three and Nine
          Month Periods Ended December 31, 1998 and 1997              4

          Statement of Changes in Stockholders' Equity for the
          Three Month Periods Ended December 31, 1998 and 1997        5

          Statement of Cash Flows for the Three and Nine
          Month Periods Ended December 31, 1998 and 1997              6

          Notes to Financial Statements as of December 31, 1998       7

</TABLE>




































Document page 2 of 9
<PAGE>
MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Financial Position
as of December 31, 1998 and March 31, 1998
(UNAUDITED)
---------------------------------------------------------------

<TABLE>
                             ASSETS
                            --------

                                     Dec. 31,       March 31,
                                       1998           1998
                                    ----------     ----------
<C>                                 <S>            <S>
CURRENT ASSETS
  Cash in banks                     $   15,730     $   16,688
  Prepaids                                 500          2,000
                                    -----------    -----------
     Total current assets               16,230         18,688
                                    -----------    -----------
MINING PROPERTY                         53,808         53,808
                                    -----------    -----------
  TOTAL ASSETS                      $   70,038     $   72,496
                                    ===========    ===========


              LIABILITIES AND STOCKHOLDERS' EQUITY
             --------------------------------------

CURRENT LIABILITIES
  Accounts payable to
   Officers and Directors           $      210     $      683
                                    -----------    -----------
     Total current liabilities             210            683
                                    -----------    -----------
STOCKHOLDERS' EQUITY
  Common stock; $0.10 par value;
   15,000,000 shares authorized;
   3,078,049 shares issued and
   outstanding                         153,902        153,902
  Additional paid-in capital           339,978        339,978
  Accumulated deficit                 <424,052>      <422,067>
                                    -----------    -----------
     Total stockholders' equity         69,828         71,813
                                    -----------    -----------
  TOTAL LIABILITIES AND
   STOCKHOLDERS' EQUITY             $   70,038     $   72,496
                                    ===========    ===========



</TABLE>






                     Prepared by management.
The accompanying notes are an integral part of these financial
                           statements.
Document page 3 of 9
<PAGE>

MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Operations For the Three and Nine
Month Periods Ended December 31, 1998 and December 31, 1997
(UNAUDITED)
----------------------------------------------------------------
<TABLE>
                    Three Months Period      Nine Months Period
                    -------------------      ------------------
                    Dec. 31,    Dec. 31,     Dec. 31,   Dec. 31,
                      1998        1997         1998       1997
                    --------    --------     --------   --------
<C>                 <S>         <S>          <S>        <S>
REVENUES
  Interest Income   $   242     $   307      $   719    $   962
                    --------    --------     --------   --------

OPERATING EXPENSES
  Accounting                                     119        898
  Other profes-
    sional services     500                    1,500
  Office expenses        80         103          703        328
  Spokane
   Quotation fee                                 300        300
  SEC Fees               46                       46
  Taxes                  26          26           36         36
                    --------    --------     --------   --------
   Total
     operating
     expenses           652         129        2,704      1,562
                    --------    --------     --------   --------
NET INCOME <LOSS>   $  <410>    $   178      $<1,985>   $  <600>
                    ========    ========     ========   ========

NET INCOME <LOSS>
  PER SHARE             NIL         NIL          NIL        NIL
                    ========    ========     ========   ========

</TABLE>



















                     Prepared by management.
The accompanying notes are an integral part of these financial
                           statements.
Document page 4 of 9
<PAGE>


MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Changes in Stockholders' Equity For the
Three Month Periods Ended December 31, 1998 and December 31, 1997
(UNAUDITED)
-----------------------------------------------------------------
<TABLE>
             Shares     Amount     Capital     Deficit    Total
           ---------   --------   ---------  ----------  -------
<C>        <S>         <S>        <S>        <S>         <S>
Balances
as of
09-30-97   2,887,469   $144,373   $ 339,978  $<417,984>  $66,397

Net
Income                                             178       178
           ----------  ---------  ---------- ----------  --------
Balances
as of
12-31-97   2,887,469   $144,373   $ 339,978  $<417,776>  $66,575
           ==========  =========  ========== ==========  ========


Balances
as of
09-30-98   3,078,049   $153,902   $ 339,978  $<423,642>  $70,238

Net
Income                                            <410>     <410>
           ----------  ---------  ---------- ----------  --------

Balances
as of
12-31-98   3,078,049   $153,902   $ 339,978  $<424,052>  $69,828
           ==========  =========  ========== ==========  ========


</TABLE>



















                     Prepared by management.
The accompanying notes are an integral part of these financial
                           statements.
Document page 5 of 9
<PAGE>


MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Cash Flows For the Three and Nine Month Periods
Ended December 31, 1998 and 1997
(UNAUDITED)
-----------------------------------------------------------------
<TABLE>
                      Three Months Period    Nine Months Period
                      -------------------    ------------------
                      Dec. 31,    Dec. 31,   Dec. 31,   Dec. 31,
                        1998        1997       1998       1997
                      --------    --------   --------   --------
<C>                   <S>         <S>        <S>        <S>
CASH FLOW FROM
 OPERATING
 ACTIVITIES:

  Net Income <Loss>   $  <410>    $   178    $<1,985>   $  <600>
  Increase
   <decrease> in
   accounts payable        70          85       <473>       <91>
  Decrease in
   prepaids               500                  1,500
                      --------    --------   --------   --------
     Net cash used
      from
      operating
      activities          160         263       <958>      <691>
                      --------    --------   --------   --------
NET INCREASE
 <DECREASE> IN CASH       160         263       <958>      <691>

CASH AT BEGINNING
 OF PERIOD             15,570      16,942     16,688     17,896
                      --------    --------   --------   --------
CASH AT END
 OF PERIOD            $15,730     $17,205    $15,730    $17,205
                      ========    ========   ========   ========

</TABLE>

















                     Prepared by management.
The accompanying notes are an integral part of these financial
                           statements.
Document page 6 of 9
<PAGE>


MINERAL MOUNTAIN MINING & MILLING COMPANY
Notes to Financial Statements as of December 31, 1998
(UNAUDITED)
--------------------------------------------------------------------------

The financial statements of Mineral Mountain Mining & Milling 
Company included herein, have been prepared without audit, pursuant 
to the rules and regulations of the Securities and Exchange Commission.  
Although certain information normally included in financial statements 
prepared in accordance with generally accepted accounting principles has 
been condensed or omitted, Mineral Mountain believes that the disclosures 
are adequate to make the information presented not misleading.

The financial statements included herein reflect all normal recurring 
adjustments that, in the opinion of management, are necessary for a fair 
presentation.  The results for interim periods are not necessarily 
indicative of trends or of results to be expected for a full year.










































Document page 7 of 9
<PAGE>

         MINERAL MOUNTAIN MINING & MILLING COMPANY




ITEM 2    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL   
          CONDITION AND RESULTS OF OPERATION


The Company presently has no revenues other than interest income.

The Company's mineral interest consist of an ownership interest in a 
consolidated area consisting of portions of 13 patented mining claims 
situated in Shoshone County, Idaho.  This area lies between two mining 
holdings owned by Sunshine Mining Company, the Consolidated Silver 
property to the east and the Sunshine Mine operations to the west.

Sunshine's 1997 annual report to shareholders discusses possible 
exploration work to the east as follows:

     "In addition to proven probable reserves there is a
      realistic probability to significantly expand the
      reserves and assure continuous mining for many years.
      Studies have delineated several areas of favorable
      geologic conditions that may host significant deposits.

      Some of these favorable structures continue to the
      east.  The 1995 acquisition of the ConSil property,
      on the eastern flank of the workings of the Sunshine
      Mine, permits evaluation of these veins and expands
      the company's resource base.  The ConSil property
      contains a shaft (500 tons per day capacity) from
      the surface adit to a depth of 5,400 feet and
      connects to the Sunshine's eastern workings on the
      3100 level.  In 1998, the company will begin rehab
      work on the ConSil shaft and start exploration drilling
      to test the potential for extensions of the Chester and
      Yankee Girl veins in the eastern part of the Sunshine
      Mine, including the former ConSil property."


In November 1998, Sunshine Mining Company reported that it had suspended 
construction of the $2 million ramp between the Sunshine Mine and the 
ConSil Mine due to low silver, copper, lead and antimony prices.
















Document page 8 of 9
<PAGE>
            MINERAL MOUNTAIN MINING & MILLING COMPANY          

                               PART II


ITEM 1     LEGAL PROCEEDINGS

                NONE

ITEM 2     CHANGES IN SECURITIES

                NONE

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     EXHIBITS AND REPORTS ON FORM 8-K

                NONE

***************************************************************************
                                 Signatures
***************************************************************************

Pursuant to the requirements of Section 13 of the Securities and 
Exchange Act of 1934, the registrant has duly caused this report to 
be signed on its behalf by the undersigned thereunto duly authorized.

                                     Mineral Mountain Mining
                                       & Milling Company
                                     (Registrant)

Dated: December 16, 1998         By      /s/ Donald L. Hess
                                    -----------------------------
                                    Donald L. Hess
                                    Secretary / Treasurer


Pursuant to the requirements of the Securities and Exchange act of 
1934, the report has been signed below by the following person on 
behalf of the registrant and in the capacity and on the date indicated.


Dated:  December 16, 1998        By      /s/ Donald L. Hess
                                    -----------------------------
                                    Donald L. Hess
                                    Secretary / Treasurer

Document page 9 of 9
<PAGE>