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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 June 30, 2008 
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
    
    (I.R.S. EmployerIncorporation or organization)
    
    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
   
 (Title of Class)
  UNITS
OF BENEFICIAL INTEREST
 
  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
þ
    
    Smaller reporting company o(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 June 30, 2008 277,712




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TABLE OF CONTENTS  PART I  FINANCIAL STATEMENTSItem 1. Financial InformationPART I  FINANCIAL STATEMENTSItem 2. Managements Discussion and Analysis of Results of OperationsItem 3. Quantitative and Quantitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II  OTHER INFORMATIONItems 1 through 5, inclusive, are not applicableItem 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 AND SIX MONTHS ENDED JUNE 30, 2008 AND 2007
  Three Months Ended
    
    
    Six Months EndedJune 30
    
    
    June 302008
    
    
    2007
    
    
    2008
    
    
    2007Receipts:From EMI
    
    $
    201,363
    
    
    $
    188,408
    
    
    $
    568,471
    
    
    $
    355,908Undistributed cash at beginning of the period
    
    
    44
    
    
    
    52
    
    
    
    4,422
    *
    
    
    42Disbursements administrative expenses
    
    
    (27,558)
    *
    
    
    (40,332
    )
    
    
    (117,032)
    *
    
    
    (58,135
    )Balance available for distribution
    
    
    173,849
    
    
    
    148,128
    
    
    
    455,861
    
    
    
    297,815Cash distribution to unit holders
    
    
    169,432
    
    
    
    148,076
    
    
    
    451,444
    
    
    
    297,763Undistributed cash at end of the period
    
    $
    4,417
    
    
    $
    52
    
    
    $
    4,417
    
    
    $
    52Cash distribution per unit
(Based on 277,712 units outstanding)
    
    $
    .61
    
    
    $
    .53
    
    
    $
    1.63
    
    
    $
    1.07
 
 *
    
    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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Three Months Ended
    
    Six Months EndedJune 30
    
    June 302008
    
    2007
    
    2008
    
    2007HSBC Bank USA:Trustee Fees
    
    
    -0-
    (1)
    
    $
    625
    
    
    $
    1,250
    (1)
    
    $
    1,250Transfer agent & registrar
    
    
    -0-
    (1)
    
    
    3,750
    
    
    
    7,500
    (1)
    
    
    7,500Administration
    
    
    -0-
    
    
    
    -0-
    
    
    
    -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: July 31, 2008
    
    By:
    
    /s/ Thomas MacKayHSBC Bank USA Corporate Trustee