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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, 2010
 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 definition of large accelerated
filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
 Large accelerated filer o
    
    Accelerated filero
    
    Non-accelerated filer o
    
    Smaller reporting companyþ(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
 The number of the Registrants Trust Units outstanding as of September 30, 2010 was 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. 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 5. Other InformationItem 6. ExhibitsSIGNATURESEX-31.1EX-31.2EX-32.1EX-32.2    Table of Contents  
 PART I  FINANCIAL STATEMENTS
 
  MILLS MUSIC TRUST  STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS  THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009
 Three Months Ended
    
    
    Nine Months EndedSeptember 30
    
    
    September 302010
    
    
    2009
    
    
    2010
    
    
    2009Receipts:From EMI
    
    $
    294,241
    
    
    $
    236,815
    
    
    $
    673,522
    
    
    $
    751,622Undistributed cash at beginning of the period
    
    
    67
    
    
    
    88
    
    
    
    4,457
    
    
    
    88Disbursements- administrative expenses *
    
    
    (22,043
    )
    
    
    (7,792
    )
    
    
    (98,759
    )
    
    
    (59,599
    )Balance available for distribution
    
    $
    272,265
    
    
    $
    229,111
    
    
    
    579,220
    
    
    
    692,111Cash distribution to unit holders
    
    
    272,199
    
    
    
    229,029
    
    
    
    579,154
    
    
    
    692,029Undistributed cash at end of the period
    
    $
    66
    
    
    $
    82
    
    
    $
    66
    
    
    $
    82Cash distribution per unit (based on 277,712 units outstanding)
    
    $
    .98
    
    
    $
    .82
    
    
    $
    2.09
    
    
    $
    2.49
  
 *
    
    In December 2009, $4,375 of Trustee and transfer agent fees, scheduled to be paid, went unpaid.
These disbursements were made in January 2010.




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Three Months Ended
    
    Nine Months EndedSeptember 30
    
    September 302010
    
    2009
    
    2010
    
    2009HSBC Bank USA:Trustee Fees
    
    $
    625
    
    
    $
    625
    
    
    $
    2,500
    
    
    $
    1,875Transfer agent
and registrar
    
    $
    3,750
    
    
    $
    3,750
    
    
    $
    15,000
    
    
    $
    11,250
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PART I  FINANCIAL STATEMENTS
 
       6




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8




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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 5.
    
    Other Information.
  
 Item 6.
    
    Exhibits
 (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. 9




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(b)
    
    Reports on Form 8-K
  10




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SIGNATURES
  MILLS MUSIC TRUST
(Registrant)Date:  November 22 , 2010
    By:
    /s/ Frank GodinoHSBC Bank USA, NACorporate Trustee 11