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<PAGE>
START**************************************************************************
                     SECURITIES  AND  EXCHANGE  COMMISSION
                           WASHINGTON,  D.C.  20549

           ANNUAL  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
                   SECURITIES  AND  EXCHANGE  ACT  OF  1934

[X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1934 for the fiscal year ended March 31, 1999

[  ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15  (d)  OF  THE
      SECURITIES  EXCHANGE  ACT  OF  1934  (NO  FEE  REQUIRED)  For  the
      transition  period  from  __________  to  ___________

                       Commission  File  No.  001-3317

                MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
       (Exact  name  of  registrant  as  specified  in  its  charter)

                     IDAHO                                  82-0144710
      (State  or  other  jurisdiction  of                (IRS  Employer
       incorporation  or  organization)              Identification  Number)

        421  Coeur  d'Alene  Ave  -  Suite  3
               Coeur  D  Alene,  Idaho                           83814
      (Address  of  principal  executive  offices)            (Zip  Code)

Registrant's  telephone  number, including  area  code:   (208)  664-3544

    Securities  registered  pursuant  to  Section  12(b)  of  the  Act:

                                           Name  of  each  exchange
   Title  of  each  class                   on  which  registered
  ------------------------               ---------------------------
  Common  capital  stock,
    5  cent  par  value                             <*>

<*>  Shares  were  formerly  listed  on  the  Spokane  Stock  Exchange
     which  closed  May  24,  1991.

     Securities  registered  pursuant  to  Section  12(g)  of  the  Act:

                               NONE
                         (Title  of  Class)

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   (   )        No    ( X **)

** Forms 10-Q  have  been filed for the first three quarters of the fiscal  year
   ended  March  31, 1999.  The  last  annual  report  Form 10-K  filed  by  the
   Registrant  was  for  their fiscal year ended March 31, 1992

The  aggregate market value based on the bid price of the shares of Common Stock
held  by  non-affiliates  of  the  registrant at June 26, 1999 was approximately
$65,210.  For  purposes  of  this  computation,  all officers, directors and 10%
shareholders  of the Registrant are deemed to be affiliates.  Such determination
should  not  be  deemed  an  admission  that  such  officers, directors, and 10%
shareholders  are  affiliates.

<PAGE>

Indicate  the number of shares outstanding of the Registrant's classes of Common
Stock,  as  of  the  latest  practicable  date.

    Title  of  Each  Class            Number  of  Shares  Outstanding
      of  Common  Stock                    at  June  26,  1999
Common  Stock  five  cent  par  value             3,078,049

*******************************************************************************

                  MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                                   FORM  10-K
                                March  31,  1999

                              TABLE  OF  CONTENTS

                                     PART  I
                                                                         PAGE

Item  1.  Business                                                         3

Item  2.  Properties                                                     3-4

Item  3.  Legal  Proceedings                                               4

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Members.     4


                                    PART  II

Item  5.  Market  for  Registrant's  Common  Equity  and  Related
          Stockholder  Matters                                             5

Item  6.  Selected  Financial  Data                                      5-6

Item  7.  Management's  Discussion  and  Analysis  of
         Financial  Condition  and  Results  of  Operations                6

Item  8.  Financial  Statements  and  Supplementary  Data                  7

Item  9.  Disagreements  on  Accounting  and  Financial  Disclosure        7

                                    PART  III

Item  10.  Directors  and  Executive  Officers of  the  Registrant         8

Item  11.  Executive  Compensation.                                        8

Item  12.  Security  Ownership  of  Certain  Beneficial Owners
           and Management                                                  9

Item  13.  Certain  Relationships  and  Related  Transactions             10

                                     PART  IV

Item  14.  Exhibits, Financial Statement  Schedules, and
           Reports on Form 8-K                                            10

          Index  to  Financial  Statements                                10

Signature  Page                                                           21

<PAGE>
                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999

                              PART  I

ITEM  1  -  BUSINESS

   (a)   General  Developments  of  Business:

         The  Registrant  was  incorporated  under  the  laws  of  the
         state  of  Idaho  on  August  4,  1932  and  is  a  mining  company
         in  the  exploration  stage.  It  is  engaged  in  exploring
         for  non-ferrous  and  precious  metals,  principally  silver,
         lead  and  zinc.  The  mining  properties  of  the  registrant
         are  located  in  Shoshone  County,  Idaho.  For  further
         description  of  the  Registrant's  properties  see  ITEM  2  of
         this  report.  If  any  ores  should  be  developed  and
         produced,  these  would  be  milled  and  the  concentrates
         sold  to  metal  smelters  at  prices  determined  by  the
         metals  on  the  open  market.

ITEM  2  -  PROPERTIES

   (a)   The  Registrant  has  the  following  properties:

         The  Registrant  is  the  owner  of  an  undivided  one-third
         interest  in  the  "Mineral  Mountain  Area"  situated  near
         Osburn,  Idaho  consisting  of  the  four  original  Mineral
         Mountain  Patented  lode  mining  claims  and  those  portions
         of  six  Chester  and  three  Polaris  claims  which  lie
         northerly  from  a  warped  plan  lying  parallel  and  300  feet
         northerly  from  the  center  of  the  Chester  Vein.

         The  property  of  the  Registrant  lies  between  the  main
         workings  of  the  Sunshine  Mine  on  the  west,  and  the
         Consolidated  Silver  property  on  the  east.  Both  of  these
         properties  are  owned  by  Sunshine  Mining  Company.
         Sunshine's  second  quarter  report  of  1998  issued  the
         following  regarding  their  operations:

           "Exploration  at  the  Sunshine  is  now  focused  on  finding
            the  next  major  ore  body  to  mine  after  the  West  Chance
            is  depleted.  To  that  end  two  exploration  programs
            have  begun  in  the  eastern  portion  of  the  mine.  The
            first  is  a  3100-foot  ramp  project  initiated  in  the
            second  quarter  that  will  access  existing  reserves
            around  10  Shaft  and  open  up  a  large  area  for  new
            exploration.  Beginning  from  the  3100  level  off  the
            10  Shaft,  the  ramp  will  be  driven  on  a  decline  to  the
            east  down  to  the  4000  level,  at  which  point  it  will
            turn  back  to  the  north  and  then  back  to  the  west
            ultimately  bottoming  back  at  the  10  Shaft  on  the  4400
            level.  Drill  stations  installed  along  the  way  will
            provide  our  first  opportunity  to  explore  much  of  this
            country,  and  in  fact  the  initial  drifting  activity
            has  already  crossed  a  previously  unmapped  section  of
            a  vein.



Document page 3
<PAGE>
                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999


            The  other  program  is  further  to  the  east,  off  the
            ConSil  shaft.  There  we  have  begun  a  drilling  program
            to  examine  the  Deep  Chester  and  the  eastern  Yankee
            Girl  veins.  The  deep  extensions  of  the  Chester  Vein
            are  of  particular  interest,  as  the  upper  extensions
            of  the  Chester  produced  over  100  million  ounces  of
            silver,  and  the  deeper  eastern  portion  of  the  mine
            appears  to  have  favorable  stratigraphy  to  host  a
            major  ore  body.  Indeed,  before  closing  the  10  Shaft,
            drifting  had  established  a  reserve  block  in  the  Good
            Hope  area  on  the  5000  level  containing  8300  tons  at
            an  average  grade  of  29  ounces  per  ton.  Initial
            drilling  into  the  Deep  Chester  area  will  attempt  to
            expand  this  reserve  block."

         Year  1998  Sunshine  Annual  Report  to  Shareholders  issued
         in  1999  contained  the  following  additional  information
         on  these  two  projects:

           "We  are  proceeding  with  plans  to  open  up  the  eastern
            area  of  the  Sunshine  Mine,  with  several  targets  there
            that  we  think  have  the  combined  potential  to  contain
            more  than  100  million  ounces  of  silver.  A  ramp  is
            planned  to  be  driven  downward  from  the  3700  level  of
            the  Sunshine  Mine  to  connect  with  the  4000  level  of
            the  ConSil,  opening  up  a  large  exploration  territory
            in  the  process.  This  ramp  will  also  provide  good
            access  to  existing  reserve  blocks  in  the  101  Vein  and
            the  Chester  Vein.  Another  branch  of  the  ramp  will  be
            driven  to  support  an  exploration  drilling  effort  into
            the  Deep  Chester  Vein  /  Good  Hope  area.  We  believe
            this  area  holds  the  potential  for  a  truly  major
            reserve  addition  at  the  mine.


            Once  the  ConSil  shaft  connection  is  made,  we  will  be
            able  to  convert  the  ConSil  shaft  into  a  production
            facility.  This  will  increase  the  mine's  capacity  by
            50%,  and  reduce  unit  production  costs  by  at  least
            another  10%.  In  other  words,  the  mine's  production
            could  increase  to  about  8  million  ounces  at  a  cash
            cost  of  less  than  $4.00,  assuming  success  in  our
            exploration  program."

         Directors  of  the  Registrant  are  hopeful  that  the  above
         work  by  Sunshine  will  lead  to  further  exploration  work
         of  the  Mineral  Mountain  Area.









Document page 4
<PAGE>
                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999

ITEM  3  -  LEGAL  PROCEEDINGS

   The  Registrant  has  no  legal  actions  pending  against  it  and  it
   is  not  a  party  to  any  suits  in  any  court  of  law,  nor  are  the
   directors  aware  of  any  claims  which  could  give  rise  to litigation.
   No  director,  officer,  or  affiliate  of  the    registrant  or  owner
   of  5%  or  more  of  the  Registrant's    securities,  or  any  associate
   is  an  adverse  party  to  the  registrant.

   There  are  no  letters  of  inquiry,  or  proceedings  by  the  Federal
   Government,  or  any  State  agency  directed  toward  the
   Registrant.

   The  Registrant  is  not  involved  in  any  civil  rights
   negotiations  or  proceedings.

ITEM  4  -  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

   No  matters  were  submitted  to  a  vote  of  the  security  holders  in
   1998  or  the  first  quarter  of  1999.

                                     PART  II

ITEM  5  -  MARKET  FOR  THE  REGISTRANT'S  COMMON  EQUITY  AND
          RELATED  STOCKHOLDERS  MATTERS

   (a)   Market  information:

         The  Registrant's  stock  was  formerly  traded  on  the
         Spokane  Stock  Exchange,  Spokane,  Washington  which  closed
         on  May  24,  1991.  Quotation  for  the  Company's  shares  are
         now  reported  by  the  Spokane  Quotation  Bureau.

         The  bid  prices  for  the  Registrant's  stock  for  the  period
         ending  March  31,  1999  are  as  follows:
<TABLE>
                                               High        Low
                                            ----------  ---------
<S>                                         <C>         <C>
           1997
           First  Quarter                    3  cents   1  cent
           Second  Quarter                   3  cents   1  cent
           Third  Quarter                    3  cents   2  cents
           Fourth  Quarter                   3  cents   2  cents

           1998
           First  Quarter                    4  cents   2  cents
           Second  Quarter                   4  cents   2  cents
           Third  Quarter                    4  cents   2  cents
           Fourth  Quarter                   5  cents   2  cents

           1999
           First  Quarter                    5  cents   3  cents
</TABLE>



Document page 5
<PAGE>

                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999

   (b)   Approximate  Number  of  Equity  Security  Holders:

         Title  of  Class                Number  of  Record  Holders
         ----------------                --------------------------

      Common  Assessable  Capital         Approximately  1,449  as  of
      Stock,  par  value five cents            March  31,  1999
              per  share

                                      PART  II

ITEM  6  -  SELECTED  FINANCIAL  DATA

The  following  data  should be read in conjunction with the Company's financial
statements  and  the  notes  thereto:

<TABLE>
                 Yr  Ended   Yr  Ended   Yr  Ended   Yr  Ended  Yr  Ended
                   3-31-99     3-31-98     3-31-97    3-31-96    3-31-95
                 ----------  ----------  ----------  ---------  --------
<S>              <C>         <C>         <C>         <C>        <C>
Operating
  Revenue        $    928    $  1,192    $   729     $   815    $  17,645

Net  Income
 (Loss)          $  <3,823>  $  <4,891>  $<2,642>    $ <2,269>  $  12,791

Net  Income
 (Loss)  Per
  Share          $ <0.0012>  $ <0.0015>  $<0.0009>   $ <0.0080> $  0.0044

Total  Assets    $  69,652   $   72,496  $  71,704   $  73,839  $  75,043

Working
 Capital         $  14,182   $  18,005   $  13,367   $  16,009  $  18,278
</TABLE>

 ITEM  7  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL
          CONDITION  AND  RESULTS  OF  OPERATIONS

   (a)   Full  fiscal  year:

         The  Registrant  is  an  exploration  stage  mining  company
         and  does  not  at  present  have  any  operating  income.  The
         company  does  not  anticipate  any  material  changes  in  its
         financial  position  in  the  immediate  future.

         (1)   Liquidity:

               As  the  Registrant  has  limited  operations,  the  only
               funds  required  at  this  time  are  for  corporate
               administrative  costs.  The  annual  cash  needs  of
               the  Registrant  are  approximately  $3,400.  These
               funds  can  be  made  available  in  the  future  by  the
               Registrant  issuing  stock  on  a  private-placement
               basis  or  borrowing  from  the  officers  and  directors
               after  present  cash  resources  are  depleted.
<PAGE>
                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999

         (2)   Capital  Resources:

               At  the  present  time  the  Registrant  does  not  have
               any  commitments  for  capital  expenditures.  Any
               capital  expenditures  would  be  very  small,  and
               would  probably  be  financed  by  loans  from  the
               officers  and  directors.

         (3)   Results  of  Operations:

               The  patented  claims  are  being  maintained  and  the
               financial  records  are  updated  quarterly.

                                  PART  II

ITEM  8  -  FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA

         See  Item  14  Index

ITEM  9  -  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
            ACCOUNTING  AND  FINANCIAL  DISCLOSURE

         There  were  no  disputes  or  disagreements  with  or  changes
         of  accountants.

                                   PART  III

ITEM  10  -  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

   (a)   Identification  of  Directors:
<TABLE>
           Name                                             Age
          ---------------------------                     -----
          <S>                                             <C>
          Earl  T.  Siler                                    84
          Donald  L.  Hess                                   70
          Forrest  Godde
          Richard  L.  Schwary                               71
          Josef  Suveg                                       71
</TABLE>
          The  Directors  will  serve  until  the  next  meeting  of  the
          shareholders  or  until  their  successors  are  elected  and
          qualified.

          Earl  Siler  served  as  a  director  since             1993

          Donald  L.  Hess  has  served  as  a  director  since     1993

          Forrest  Godde  has  served  as  a  director  since      1993

          Richard  L.  Schwary  has  served  as  a  director  since  1985

          Josef  Suveg  has  served  as  a  director  since        1993

          There  are  no  arrangements  or  understandings  between  any
          of  the  directors  and  any  other  persons  pursuant  to
          which  any  director  is  to  be  selected  as  a  director  or
          nominee.
<PAGE>
                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999

   (b)   Identification  of  Executive  Officers:
<TABLE>
               Name         Age                  Title
         ----------------  -----    -------------------------------------
         <S>               <C>      <C>
         Earl  T.  Siler     84     President and Chief Executive Officer

         Donald  L.  Hess    70     Secretary/Treasurer  and  Principal
                                    Financial  Officer
</TABLE>
         The  officers  serve  in  the  positions  indicated  after
         their  names  for  a  period  of  one  year  or  until  a
         successor  is  elected  and  qualified.

                             PART  III

ITEM  10  -  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT
(continued)

   (I)   Background.

         Earl  T.  Siler,  74,  is  the  President  of  the  Registrant
         and  is  a  Director.  He  is  a  retired  Mining  Equipment
         Dealer  and  has  served  on  the  Board  of  Directors  for
         several  mining  companies  over  the  past  25  years.

         Donald  L.  Hess,  70,  is  the  Secretary-Treasurer  of  the
         Registrant  and  is  a  Director.  He  is  a  Certified  Public
         Accountant  with  over  40  years  of  experience  in  public
         accounting.

   (II)  Directorships.

         Earl  T.  Siler  is  the  President  and  Director  of  the
         Registrant.  He  is  a  retired  Mining  Equipment  Dealer  and
         has  served  on  the  Board  of  Directors  for  several  mining
         companies  over  the  past  25  years.

         Donald  L.  Hess  is  the  Secretary-Treasurer  and  Director
         of  the  Registrant.  He  is  a  Certified  Public  Accountant
         with  over  40  years  of  experience  in  public  accounting.

         Forrest  Godde  is  a  businessman  and  Director  of  Mineral
         Mountain  Mining  &  Milling  Company.

         Josef  Suveg  is  a  retired  mining  engineer  and  Director  of
         Mineral  Mountain  Mining  &  Milling  Company.

         Richard  L.  Schwary  is  a  Director  of  Mineral  Mountain
         Mining  and  Milling  Company.

ITEM  11  -  EXECUTIVE  COMPENSATION

   (a)   (1)   All  executive  officers

               Total  annual  compensation  received  by  all
               executive  officers  is  $600  per  year.
Document page 8
<PAGE>

                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999


ITEM  12  -  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS
           AND  MANAGEMENT

   (a)   Security  ownership  of  certain  beneficial  owners.
<TABLE>
                                          Amount &
                                          Nature of
         Title of        Name of          Beneficial         Percent of
           Class     Beneficial Owner     Ownership            Class
         ---------  ------------------   ----------------    -----------
         <S>        <C>                  <C>                 <C>
          Common    Borjessan Family        Direct              12.07%
          Shares                          371,458 shares

          Common     Cede  &  Co           On  Deposit           9.52%
          Shares                          for  brokers
                                          292,979 shares
</TABLE>


   (b)   Security  ownership  of  management.
<TABLE>
                                          Amount &
                                          Nature of
         Title of        Name of          Beneficial         Percent of
           Class     Beneficial Owner     Ownership            Class
         ---------  ------------------   ----------------    -----------
         <S>        <C>                  <C>                 <C>
          Common    Earl  T.  Siler           91,000            2.96%
          Shares                              Direct

          Common    Donald  L.  Hess         326,713           10.61%
          Shares                              Direct

          Common    Forrest  Godde            40,000            1.30%
          Shares                             Direct

          Common    Josef  Suveg              31,000            1.00%
          Shares                              Direct

          Common    Richard  Schwary          44,200            1.44%
          Shares                              Direct

Total  of  all Officers and Directors :      532,913           17.31%
                                           Shares of Record
                                           & Beneficially
</TABLE>








Document page 9
<PAGE>

                    MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
                      FORM  10-K  --  PARTS  I,  II,  III  &  IV
                                  March  31,  1999

ITEM  13  -  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

   (a)   Transactions  with  Management  and  Others.

         There  have  been  no  transactions  of  the  type  set  forth  in
         Item  404(a)  of  Regulation  S-X.

   (b)   Certain  Business  Relationships.

         Donald  L.  Hess,  Secretary  of  the  Company,  also  maintains
         the  financial  records  of  the  Registrant.  He  is  also  the
         owner  of  the  Idaho  Stock  Transfer  Company  which  acts  as
         transfer  agent  and  registrar  of  the  Registrant's
         outstanding  stock.

                                 PART  IV

ITEM  14  -  EXHIBITS,  FINANCIAL  STATEMENTS  SCHEDULES  AND
             REPORTS  ON  FORM  8-K

   (a)   Financial  Statements.

         Statement  of  Financial  Position,
          March  31,  1999,  1998  and  1997                           12

         Statement  of  Operations  for  the
          years  ended  March  31,  1999,  1998  and  1997             13

         Statement  of  Stockholders'  Equity  from
          August  4,  1932  to  March  31,  1993  and  for
          the  years  ended  March  31,  1994  through
          March  31,  1999                                             14

         Statement  of  Cash  Flows  for  the  years  ended
          March  31,  1999,  1998  and  1997                           15

         Notes  to  Financial  Statements,
          March  31,  1999,  1998  and  1997                        16-19

   The  Company's  financial  statements  are  unaudited  in  reliance
   upon  Section  210.3-11  of  Regulations  S-X  adopted  by  the
   Securities  and  Exchange  Commission.

   (b)   Reports  on  Form  8-K.

         No  reports  were  filed  by  the  Registrant  on  Form  8-K
         during  the  last  quarter  of  1998  or  the  first  quarter of
         1999.








Document page 10
<PAGE>

MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Statement  of  Financial  Position,  March  31, 1999, 1998 and 1997
(UNAUDITED)
-------------------------------------------------------------------
<TABLE>
                                      1999       1998      1997
                                   ---------  ---------  ---------
<S>                                <C>        <C>        <C>
ASSETS

CURRENT  ASSETS
---------------
 Cash  in  bank                     $     733  $   1,458  $  2,896
 Certificate  of  deposit              15,111     15,230    15,000
 Receivables  and  prepaids                        2,000
                                    ---------  ---------  ---------
     TOTAL  CURRENT  ASSETS            15,844     18,688    17,896
                                    ---------  ---------  ---------
PROPERTY
---------
 Mining  Property (Notes  2 & 3)       53,808     53,808    53,808
                                    ---------  ---------  ---------
      TOTAL  ASSETS                 $  69,652  $  72,496  $  71,704
                                    =========  =========  =========

LIABILITIES  AND  SHAREHOLDERS'  EQUITY

CURRENT  LIABILITIES
--------------------
  Accounts  payable  to
   Officers  and  Directors         $  1,662   $     683  $   4,529
                                    ---------  ---------  ---------
      TOTAL  CURRENT  LIABILITIES      1,662         683      4,529
                                    ---------  ---------  ---------
SHAREHOLDERS'  EQUITY
---------------------
  Capital  Stock,
   non-assessable, par value
   five cents per share, authorized
   10,000,000 shares, issued
   3,078,049 shares at 3-31-99 and
   3-31-98, and 2,887,469 shares
   at 3-31-97   <Note  4>             153,902    153,902    144,373
  Paid-in  surplus                    339,978    339,978    339,978

  <Deficit>  accumulated
   during  the  exploration
   stage                             <425,890>  <422,067>  <417,176>
                                    ---------  ---------  ---------
     SHAREHOLDERS  EQUITY              67,990     71,813     67,175
                                    ---------  ---------  ---------
       TOTAL  LIABILITIES  AND
        SHAREHOLDERS'  EQUITY       $  69,652  $  72,496  $  71,704
                                    =========  =========  =========
</TABLE>
              Prepared  from  the  records  without  audit.
  The  accompanying  notes  to  financial  statements  are  an  integral
                 part  of  this  financial  statement.

Document page 11
<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Statement  of  Operations  for  the  years  ended
March  31,  1999,  1998  and  1997
(UNAUDITED)
----------------------------------------------------------------
<TABLE>
                                                       08/04/32
                                                          to
                          1999      1998      1997     03/31/99
                        --------  --------  --------   ---------
<C>                     <S>       <S>       <S>        <S>
INCOME
 Sale  of  timber                                      $  22,155
 Interest  income       $   928   $  1,192  $   729        3,963
                        --------  --------  --------   ---------
   TOTAL  INCOME            928      1,192      729       26,118
                        --------  --------  --------   ---------
EXPENSES
 Officers and
  Directors fees and
  expenses    <Note  4>     600     4,029       494      118,672
 Professional fees        2,802       898       851      269,635
 SEC  &  stock
  exchange fees             132                            6,232
 Office
  supplies  & expenses      481       445       425       11,077
 Property & other taxes      36        36        36        1,406
 Transfer  Agency fees      400       375       365        2,175
 Spokane  Quotation
  Bureau                    300       300       300        1,350
 Engineering  &
  property  costs                               900        9,426
 Net  general  &
  administrative
  expenses August 4,
  1932 through March
  31,  1962                                               92,402
                        --------  --------  --------   ---------
    TOTAL  EXPENSES        4,751     6,083     3,371     272,375
                        --------  --------  --------   ---------
INCOME  <LOSS>  BEFORE
 OTHER  INCOME  AND
 EXPENSES                 <3,823>   <4,891>   <2,642>   <246,257>
Write-off  capitalized
 exploration  costs                                     <196,997>
Prior  year
 debt  adjustment                                         17,364
                        --------  --------  --------   ---------
NET  INCOME  <LOSS>
 BEFORE  TAXES            <3,823>   <4,891>   <2,642>   <425,890>
INCOME  TAXES  <Note  5>       0         0         0           0
                        --------  --------  --------   ---------
NET  INCOME  <LOSS>     $ <3,823> $ <4,891> $ <2,642>  $<425,890>
                        ========  ========  ========   =========
PER  SHARE              $<0.0012> $<0.0015> $<0.0009>  $ <0.1384>
                        ========  ========  ========   =========
</TABLE>
            Prepared  from  the  records  without  audit.
  The  accompanying  notes  to  financial  statements  are  an  integral
                 part  of  this  financial  statement.
Document page 12
<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Statement  of  Stockholders'  Equity
from  August  4,  1932  to  March  31,  1993,
And  for  the  years  ended  March  31,  1994  through  March  31,  1999
(UNAUDITED)
---------------------------------------------------------------------------
<TABLE>
               Number                          Accumu-     Cost  of
               of  Shares  Par       Paid-In   lated       Treasury
               Issued      Value     Surplus   <Deficit>   Stock      Total
               ----------  --------  --------  ----------  ---------  ---------
<S>            <C>         <C>       <C>       <C>         <C>        <C>
From 8-4-32 to
3-31-93         2,531,649  $126,582  $341,967  $<240,822>  $ <2,355>  $225,372

3-31-94
Net Loss                                        <184,234>             <184,234>

Stock
Issuances         180,000     9,000                                      9,000
               ----------  --------  --------  ----------  ---------  ---------
BALANCES
3-31-94         2,711,649    135,582  341,967  <425,056>     <2,355>     50,138

3-31-95
Net Income                                       12,791                  12,791

Stock
Issuances         175,820     8,791                                      8,791

Treasury
Stock Issued                           <1,989>                  2,355       366
               ----------  --------  --------  ----------  ---------  ---------
BALANCES
3-31-95         2,887,469   144,373   339,978   <412,265>          0     72,086

3-31-96
Net Loss                                         <2,269>                <2,269>
               ----------  --------  --------  ----------  ---------  ---------
BALANCES
3-31-96         2,887,469   144,373   339,978   <414,534>          0     69,817

3-31-97
Net Loss                                         <2,642>                <2,642>
               ----------  --------  --------  ----------  ---------  ---------
BALANCES
3-31-97         2,887,469   144,373   339,978   <417,176>          0     67,175

3-31-98
Stock
Issuances
For services      190,280    9,529                                        9,529

Net Loss                                          <4,891>                <4,891>
               ----------  --------  --------  ----------  ---------  ---------
BALANCES
3-31-98         3,078,049    153,902  339,978   <422,067>          0      71,813



Document page 13
<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Statement  of  Stockholders'  Equity
from  August  4,  1932  to  March  31,  1993,
And  for  the  years  ended  March  31,  1994  through  March  31,  1999 (Continued)
(UNAUDITED)
----------------------------------------------------------------------------

</TABLE>
<TABLE>
               Number                          Accumu-     Cost  of
               of  Shares  Par       Paid-In   lated       Treasury
               Issued      Value     Surplus   <Deficit>   Stock      Total
               ----------  --------  --------  ----------  ---------  ---------
<S>            <C>         <C>       <C>       <C>         <C>        <C>

3-31-99
Net Loss                                          <3,823>                <3,823>
               ----------  --------  --------  ----------  ---------  ---------
BALANCES
3-31-99         3,078,049  $153,902  $339,978  $<425,890>  $      0   $  67,990
               ==========  ========  ========  ==========  =========  =========

</TABLE>

            Prepared  from  the  records  without  audit.
  The  accompanying  notes  to  financial  statements  are  an  integral
                 part  of  this  financial  statement.


































Document page 14
<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Statement  of  Cash  Flows  for  the  years  ended March 31, 1999, 1998 and 1997
(UNAUDITED)
----------------------------------------------------------------
<TABLE>

                                      1999       1998      1997
                                   ---------  ---------  ---------
<S>                                <C>        <C>        <C>

CASH  FLOWS  FROM
 OPERATING  ACTIVITIES:

   Net  Income<Loss>                $ <3,823>  $ <4,891> $ <2,642>
   Adjustments  to  reconcile
    to  net  cash  provided
    or  (used):
      Increase  receivables
       &  prepaids                     2,000     2,000     2,700
      Increase  <decrease>
       to  payables                      979    <3,846>      507
                                   ---------  ---------  ---------

    NET  CHANGE  FROM  OPERATIONS       <844>   <6,737>      565
                                   ---------  ---------  ---------


CASH  FLOWS  FROM
 INVESTING  ACTIVITIES:
   Shares  issued  in  payment  of
    Services  -  110,580  shares                 5,529
                                   ---------  ---------  ---------

NET INCREASE <DECREASE> TO CASH         <844>   <1,208>       565

CASH  BEGINNING  OF  PERIOD           16,688    17,896     17,331
                                   ---------  ---------  ---------


CASH  END  OF  PERIOD              $  15,844  $  16,688  $  17,896
                                   =========  =========  =========

NON-CASH  TRANSACTIONS                 NONE      NONE      NONE
                                   =========  =========  =========


INTEREST  AND  INCOME  TAXES  PAID     NONE      NONE      NONE
                                   =========  =========  =========
</TABLE>

            Prepared  from  the  records  without  audit.

  The  accompanying  notes  to  financial  statements  are  an  integral
                 part  of  this  financial  statement.






Document page 15
<PAGE>

MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Notes  to  Financial  Statements,  March  31,  1999,  1998  and  1997
(UNAUDITED)
-------------------------------------------------------------

NOTE  1  -  COMPANY  BUSINESS
--------------------------

   The  Company  was  incorporated  under  the  laws  of  the  state  of
   Idaho  on  August  4,  1932,  and  has  been  in  the  exploratory  stage
   since  its  inception.  It  is  engaged  in  the  business  of  mining
   and  is  exploring  for  non-ferrous  and  precious  metals,
   primarily  silver,  lead  and  zinc.  The  property  of  the  Company
   is  situated  in  the  Coeur  d'Alene  Mining  District  of  Shoshone
   County,  Idaho.  The  Company  has  no  commercial  production
   operations.

NOTE  2  -ACCOUNTING  POLICIES
----------------------------

   Use  of  Estimates  in  the  Preparation  of  Financial  Statements:

   The  preparation  of  financial  statements  in  conformity  with
   generally  accepted  accounting  principles  requires  management
   to  make  estimates  and  assumptions  that  affect  the  reported
   amounts  of  assets  and  liabilities  and  disclosures  of
   contingent  assets  and  liabilities  at  the  date  of  the  financial
   statements  and  the  reported  amounts  of  revenues  and  expenses
   during  the  reporting  period.  Actual  results  could  differ  from
   those  estimates.

   The  significant  accounting  principles  and  practices  of  the
   Company  are  as  follows:

   a.  The  financial  statements  are  prepared  on  the  accrual  basis
       of  accounting.

   b.  In  accord  with  Statement  No.  7  of  the  Financial  Standards
       Board,  regarding  development  stage  companies  <which
       classification  includes  exploration  stage  mining
       companies>,  the  Company  charges  costs  related  to
       exploration  to  operations  with  the  exception  of  those
       which  in  the  opinion  of  management  have  a  continuing
       value.  All  previously  capitalized  exploration  costs  were
       written  off  during  the  year  ended  March  31,  1994.

   c.  The  Company  is  unable  to  present  cumulative  statements  of
       shareholders'  equity  and  cash  flows  from  inception  of
       exploration  stage  activities  due  to  incomplete  prior  year
       accounting  records.  Presentation  of  cumulative  statements
       is  required  by  Statement  of  Financial  Accounting  Standards
       No.  7  of  the  Financial  Accounting  Standards  Board.


   d.  The  Company  considers  cash  equivalents  to  be  highly  liquid
       investments  with  an  original  maturity  of  three  months  or
       less.


Document page 16
<PAGE>

MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Notes  to  Financial  Statements,  March  31,  1999,  1998  and  1997
(UNAUDITED)
-------------------------------------------------------------

NOTE  2 - ACCOUNTING  POLICIES (Continued
-----------------------------------------

   e.  No  current  provision  has  been  made  for  depletion  or
       depreciation  charges  since  the  Company  is  in  the
       exploratory  stage.  If  and  when  a  productive  stage  is
       reached,  the  cost  of  the  claims  would  be  charged  off  over
       the  estimated  life  of  the  mine  as  ore  is  extracted.


   f.  The  deficit  accumulated  during  the  exploratory  stage  in
       the  amount  of  $196,997  had  been  capitalized  for  income  tax
       purposes  to  March  31,  1993.  As  no  known  ore  bodies  or
       productive  vein  systems  had  been  discovered,  these  costs
       were  written  off  for  tax  purposes  on  March  31,  1994.

   g.  The  Company  has  a  recorded  cost  of  $53,808  in  its  mining
       property  which  comprises  77%  of  total  assets  at  March  31,
       1999.  The  ultimate  realization  of  the  Company's  carrying
       cost  in  these  assets  is  dependent  upon  the  discovery  and
       the  ability  of  the  Company  to  finance  successful
       exploration  and  development  of  commercial  ore  deposits,  if
       any,  in  the  mining  properties  in  sufficient  quantity  for
       the  Company  to  recover  its  recorded  costs  or  to  sell  such
       items  in  excess  of  its  carrying  cost.  The  ultimate
       realization  of  the  Company's  carrying  costs  in  the  mineral
       properties  at  March  31,  1999,  cannot  presently  be
       determined.  No  provision  for  any  possible  revaluation  of
       these  assets  has  been  made  in  the  financial  statements
       other  than  the  write  off  of  previously  capitalized
       exploration  costs  at  March  31,  1994.

   h.  Earnings  per  share  are  computed  using  the  weighted  average
       of  shares  outstanding.

   i.  In  March  1995,  the  Financial  Accounting  Standards  Board
       issued  Statement  of  Financial  Accounting  Standards  No.
       121,  "Accounting  for  the  Impairment  of  Long-Lived  Assets
       and  for  Long-Lived  Assets  to  Be  Disposed  Of"  (SFAS  121).
       SFAS  121  became  effective  for  the  fiscal  year  beginning
       January  1,  1996.  This  new  standard  requires  measurement
       of  impairment  of  long-lived  assets,  certain  identifiable
       intangibles  and  goodwill  and  requires  that  if  a  long-lived
       asset  is  impaired  (based  on  the  fair  value  of  the  asset
       (which  may,  in  some  cases,  be  based  on  an  estimate  of
       expected  future  cash  flows  using  a  discount  rate).  The
       Company  did  not  record  any  adjustment  as  a  result  of
       adopting  this  standard.


   j.  Deferred  income  tax  procedures.  See  Note  5.



Document page 17
<PAGE>

MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Notes  to  Financial  Statements,  March  31,  1999,  1998  and  1997
(UNAUDITED)
-------------------------------------------------------------

NOTE  3  -MINING  PROPERTY  AND  AGREEMENTS
---------------------------------------

   The  Company's  mining  property  consists  of  four  patented  mining
   claims  which  were  acquired  by  the  issuance  of  1,100,000  shares
   of  common  capital  stock.  Prior  to  1946,  the  Company  performed
   a  limited  amount  of  exploration  work  on  its  claims  over  a
   number  of  years.  An  agreement  was  entered  into  on  October  16,
   1946  between  Polaris  Mining  Company  (now  Hecla  Mining  Company)
   and  Chester  Mining  Company  providing  for  exploration  and
   development  work  on  a  unitized  area  consisting  of  the  four
   Mineral  Mountain  claims  plus  specifically  defined  portions  of
   six  Chester  and  three  Polaris  claims.  Polaris  was  to  perform
   the  exploration  work  which  was  to  be  paid  by  Mineral  Mountain.
   If  the  venture  was  successful,  ores  mined  from  the  Mineral
   Mountain  Area  were  to  be  divided  on  a  basis  of  one-third  each
   after  2/3  of  all  exploratory  costs  advanced  by  Mineral
   Mountain  had  been  reimbursed  from  net  smelter  returns.  The
   costs  paid  out  by  Mineral  Mountain  were  included  in  the
   capitalized  exploratory  costs  previously  shown  on  the  balance
   sheet.  All  capitalized  exploration  costs  were  written  off  on
   March  31,  1994.  Work  under  the  1946  agreement  was  completed
   in  the  year  1948  without  discovery  of  commercial  ore.

   Another  agreement  on  the  "Mineral  Mountain  Area"  was  entered
   into  on  July  24,  1957.  The  1957  agreement  refers  to
   termination  of  the  1946  agreement  and  that  Polaris  (Hecla
   Mining  Company),

   Chester  Mining  Company  and  Mineral  Mountain  Mining  and  Milling
   Company,  each  owned  an  undivided  one  third  interest  in  any
   commercial  ore  which  may  be  found  in  the  area.  The  1957
   agreement  also  provided  that  Mineral  Mountain  would  not  be
   reimbursed  for  2/3  of  the  exploration  costs  it  had  expended  on
   the  unitized  property  under  the  1946  agreement.

   The  1957  agreement  further  provided  that  Polaris  (Hecla)  was
   to  perform  exploratory  work  on  the  unitized  area.  Polaris
   (Hecla)  reported  that  it  had  expended  $102,067  under  the  1957
   agreement  and  that  work  was  suspended  in  July  1958.  The
   percentage  interests  set  out  in  the  1957  agreement  were
   Polaris,  50%,  and  Mineral  Mountain  and  Chester,  25%  each.
   Hecla  Mining  Company  deeded  all  their  interest  in  the  Mineral
   Mountain  Area  to  Sunshine  Mining  Company  on  June  26,  1984.










Document page 18
<PAGE>

MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Notes  to  Financial  Statements,  March  31,  1999,  1998  and  1997
(UNAUDITED)
-------------------------------------------------------------

NOTE  4  -CAPITALIZATION
-----------------------

   Mineral  Mountain  was  originally  incorporated  on  August  4,
   1932,  with  an  authorized  capital  of  2,000,000  shares  of  common
   capital  stock  with  a  par  value  of  5  cents  per  share.  On  March
   31,  1952,  the  shareholders  amended  the  authorized  capital  to
   3,000,000  shares  of  5  cents  par  value  capital  stock.  On
   August  21,  1984,  the  shareholders  amended  the  authorized
   capital  to  10,000,000  shares  of  5  cent  par  value  capital
   stock.

   A  summary  of  Mineral  Mountain  shares  issued  since  inception  to
   March  31,  1999  is  as  follows  <Note:  the  respective  Boards  of
   Directors  determined  the  basis  of  each  consideration  of
   capital  stock  issuance  in  non-cash  transactions>:

<TABLE>
                                             03-31-99
                                            ----------
            <S>                             <C>
            Cash                             1,077,700
            Services                           597,729
            Property                         1,100,000
            Payment  of  liabilities           302,620
                                            -----------

              TOTAL  OUTSTANDING             3,078,049
                                            ===========
</TABLE>

   A  summary  of  items  making  up  the  paid-in  surplus  account  at
   March  31,  1999  is  as  follows:

<TABLE>
            <C>                              <S>
            Premium  on  shares               $ 452,662
            Discount  on  shares                <39,472>
            Reacquired  shares  -  discount     <15,423>
            Commission  &  other                <57,789>
                                             -----------

                   TOTAL                     $  339,978
                                             ===========
</TABLE>

   During  the  year  ended  March  31,  1998,  a  total  of  190,580
   shares  were  issued  for  services  rendered  or  in  the  payment  of
   accounts  payable  for  services  rendered  in  prior  years.





Document page 19
<PAGE>

MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<An  Exploratory  Stage  Mining  Company>
Notes  to  Financial  Statements,  March  31,  1999,  1998  and  1997
(UNAUDITED)
-------------------------------------------------------------

NOTE  5  -INCOME  TAXES
---------------------

   The  corporation  has  a  net  operating  loss  carryover  for  income
   tax  purposes  of  $202,432  which  expires  as  follows:

                  03-31-09          $   188,807
                  03-31-11                2,269
                  03-31-12                2,642
                  03-31-13                4,891
                  03-31-19                3,823

   In  March  1992,  the  Financial  Accounting  Standards  Board  issued
   Statement  109  on  accounting  for  income  taxes.  Statement  109
   changed  the  method  companies  use  to  account  for  income  taxes
   from  the  deferred  method  to  an  asset  and  liability  method.  At
   March  31,  1999,  1998  and  1997,  deferred  tax  differences
   primarily  relate  to  capitalization  of  exploration  costs  for
   income  tax  purposes.

   At  March  31,  1999,  1998  and  1997,  deferred  tax  differences
   primarily  relate  to  the  use  of  various  tax  return  Schedule  M-1
   items  like  the  use  of  a  different  accounting  method  for  prior
   year  administrative  costs  which  have  been  written  off  for  book
   purposes  but  capitalized  for  income  tax  purposes.  The
   Company's  deferred  tax  liabilities  are  completely  offset  by
   its  net  operating  loss  carryovers.  As  there  is  no  certainty
   as  to  the  utilization  of  these  items,  the  benefit  attributable
   thereto  would  be  fully  offset  by  a  valuation  allowance.

























Document page 20
<PAGE>

                                    SIGNATURES
                                   ------------


Pursuant  to  the  requirements of Section 13, of the Securities Exchange Act of
1934,  the  registrant has duly caused this report to be signed on its behalf by
the  undersigned,  thereunto  duly  authorized.


MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
<REGISTRANT>

   /s/  DONALD  L.  HESS                   /s/  EARL  T.  SILER
_____________________________      _____________________________
Donald  L.  Hess                     Earl  T.  Siler
Secretary  -  Treasurer,             President,  Chief
Principal  Financial  Officer        Administrative  Officer  and
and  Director                        Director

Date:  June  24,  1999               Date:  June  24,  1999


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed below by the following persons on behalf of the registrant and
in  the  capacities  and  as  of  the  date  indicated.

                                      /s/  EARL  T.  SILER
Date:  June  24,  1999              _____________________________
                                     Earl  T.  Siler
                                     President,  Director  and
                                     Principal  Executive  Officer


                                      /s/  DONALD  L.  HESS
Date:  June  24,  1999              _____________________________
                                     Donald  L.  Hess
                                     Secretary  -  Treasurer,  Director
                                     and  Principal  Financial  Officer


                                      /s/  FORREST  GODDE
Date:  June  24,  1999              _____________________________
                                     Forrest  Godde
                                     Director


                                      /s/  JOSEF  SUVEG
Date:  June  24,  1999              _____________________________
                                     Josef  Suveg
                                     Director

                                  _____________________________

                                     Richard  L.  Schwary
                                     Director