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SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
 QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 For the Quarter Ended March 31, 2008Commission 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, National Association 
Corporate Trust Issuer Services, 
452 Fifth Avenue, New York,
    
    NY 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
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ(Do not check if a smaller reporting company)
 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
 Number of Trust Units outstanding as of March 31, 2008 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 4. 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 MONTHS ENDED MARCH 31, 2008 AND 2007
  Three Months EndedMarch 312008
    
    
    2007Receipts:From EMI
    
    $
    367,108
    
    
    $
    167,500Undistributed cash at beginning of the period
    
    
    4,422
    *
    
    
    42Disbursements- administrative expenses
    
    
    (89,474)
    *
    
    
    (17,803
    )Balance available for distribution
    
    
    282,056
    
    
    
    149,739Cash distribution to unit holders
    
    
    282,012
    
    
    
    149,687Undistributed cash at end of the period
    
    $
    44
    
    
    $
    52Cash distribution per unit
(based on 277,712 units outstanding)
    
    $
    1.0155
    
    
    $
    .5390
  *
    
    In December 2007, $4,375 of Trustee and transfer agent fees, scheduled to be paid, were not paid
due to a clerical error. These fees were paid in February 2008.




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Three Months EndedMarch 312008
    
    2007HSBC Bank USA:Trustee Fees
    
    $
    1,250
    
    
    $
    625Transfer agent
& Registrar
    
    $
    7,500
    
    
    $
    3,750Administration
    
    
    -0-
    
    
    
    -0-




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PART I  FINANCIAL STATEMENTS




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PART II  OTHER INFORMATION
  
   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.




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SIGNATURES
  MILLS MUSIC TRUST(Registrant) Date:  May 15, 2008
    By:
    /s/ Thomas MacKayHSBC Bank USA Corporate Trustee