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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 March 31, 2011
 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  000-02123
 MILLS MUSIC TRUST
  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)
   þ o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ(Do not check if a smaller reporting company)
 o þ




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TABLE OF CONTENTS  PART I  FINANCIAL STATEMENTSItem 1. Financial InformationManagements Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Quantitative Disclosures About Market RiskItem 4. Disclosure Controls and ProceduresPART II  OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sale of Equity Securities and Use of ProceedsItem 3. Default Upon Senior SecuritiesItem 4. Removed and ReservedItem 5. Other InformationItem 6. ExhibitsSIGNATURESEX-31.1EX-31.2EX-32.1EX-32.2    Table of Contents  
 PART I  FINANCIAL STATEMENTS
 
 Item 1.
    
    Financial Information
 MILLS MUSIC TRUST  STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS  THREE MONTHS ENDED MARCH 31, 2011 AND 2010
  Three Months EndedMarch 312011
    
    
    2010Receipts:From EMI
    
    $
    272,504
    
    
    $
    211,781Undistributed cash at beginning of the period
    
    
    67
    
    
    
    4,457Disbursements- administrative expenses
    
    
    (34,635
    )
    
    
    (37,380
    )*Balance available for distribution
    
    
    237,936
    
    
    
    178,858Cash distribution to Trust Unit holders
    
    
    237,869
    
    
    
    178,791Undistributed cash at end of the period
    
    $
    67
    
    
    $
    67Cash distribution per Trust Unit (based on
277,712 Trust Units outstanding)
    
    $
    .86
    
    
    $
    .64
  
 *
    
    In December 2009, $4,375 of Corporate Trustee and transfer agent fees, that were scheduled to be
paid, went unpaid. These disbursements were made in January 2010.




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Three Months EndedMarch 312011
    
    
    2010HSBC Bank USA:Corporate Trustee Fees
    
    $
    625
    
    
    $
    1,250
    *Transfer agent and registrar
    
    $
    3,750
    
    
    $
    7,500
    *
 
 *
    
    In December 2009, $4,375 of Corporate Trustee and transfer agent fees, scheduled to be paid
were not. These disbursements were made in January 2010. 4




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PART I  FINANCIAL STATEMENTS (CONTINUED)
 
 Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
       6




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Item 3.
    
    Quantitative and Quantitative Disclosures About Market Risk.
  
 Item 4.
    
    Disclosure Controls and Procedures
   7




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PART II  OTHER INFORMATION
 
 Item 1. Legal Proceedings.
  
 Item 1A. Risk Factors
  
 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds.
  
 Item 3. Default Upon Senior Securities
  
 Item 4. Removed and Reserved
 
 Item 5. Other Information.
  
 Item 6. Exhibits
  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.   9




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SIGNATURES
  MILLS MUSIC TRUST(Registrant)Date:  May 16, 2011
    /s/ Frank GodinoHSBC Bank USA, NACorporate Trustee 10