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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, 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
    
    (I.R.S. Employerincorporation or organization)
    
    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 has submitted electronically and posted on its corporate
Web site, if any, every Interactive Data File required to be submitted and
posted pursuant to Rule 405 of Regulation S-T during the preceding
12 months (or for such shorter period that the registrant was required to
submit and post such files).  Yes 
o 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 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
 The number of the Registrants Trust Units outstanding as of March 31, 2010 was 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 RiskItem 4T 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 MONTHS ENDED MARCH 31, 2010 AND 2009
  Three Months EndedMarch 312010
    
    
    2009Receipts:From EMI
    
    $
    211,781
    
    
    $
    284,164Undistributed cash at beginning of the period
    
    
    4,457
    
    
    
    88Disbursements- administrative expenses
    
    
    (37,380)
    *
    
    
    (12,153
    )Balance available for distribution
    
    
    178,858
    
    
    
    272,099Cash distribution to unit holders
    
    
    178,791
    
    
    
    272,018Undistributed cash at end of the period
    
    $
    67
    
    
    $
    81Cash distribution per unit (based on 277,712
units outstanding)
    
    $
    .64
    
    
    $
    .98
  
 *
    
    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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4 
      Three Months EndedMarch 312010
    
    2009HSBC Bank USA:Trustee Fees
    
    $
    625
    
    
    $
    625Transfer agent
and registrar
    
    $
    3,750
    
    
    $
    3,750




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6 PART I  FINANCIAL STATEMENTS




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7




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8 
   
  As of the end of the period covered by this Quarterly Report, the Trust carried out
an evaluation of the effectiveness of the design and operation of the Trusts disclosure controls
and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) of the Securities and Exchange Act
of 1934, as amended) under the supervision and with the participation of the Trusts management,
including the chief financial individual providing accounting services and the trust officer of the
corporate trustee. Based on that evaluation, the chief financial individual providing accounting
services and the trust officer of the corporate trustee concluded that the Trusts disclosure
controls and procedures are effective.




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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 12, 2010
    By:
    /s/ Frank GodinoHSBC Bank USA, NACorporate Trustee