UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                                    FORM 10-K
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,  2002
[ ]  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. 001-03317

                    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       83814-2862
(Address  of  principal  executive  offices)                 (Zip  Code)

Registrant's telephone number, including area code:  (208) 664-3544
Registrant's fax number, including area code: (208) 664-3543

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                   None

Securities registered pursuant to Section 12(g) of the Act:         NONE

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)

Indicate  by  check mark if disclosure of delinquent filers pursuant to Item 405
of  Regulation  S-K  is  not contained herein, and will not be contained, to the
best  of  Registrant's  knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form  10-K  (X)

The  aggregate market value based on the bid price of the shares of Common Stock
held  by  non-affiliates  of  the Registrant at April 30, 2002 was approximately
$45,451.  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.

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

     Title  of  Each  Class  of  Common  Stock     Number  of Shares Outstanding
     -----------------------------------------     -----------------------------
     Common  Stock  five  cent  par  value                    3,117,531
<PAGE>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                            FORM 10-K March 31, 2002


                                TABLE OF CONTENTS

                                                                            PAGE
                                                                            ----

                                     PART I
                                     ------

Item  1.  Business                                                            3

Item  2.  Properties                                                          3

Item  3.  Legal  Proceedings                                                  3

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                                                 4

Item  6.  Selected  Financial  Data                                           5

Item  7.  Management's Discussion and Analysis of Financial Condition
          and Results of  Operations                                          5

Item  8.  Financial  Statements  and  Supplementary  Data                     6

Item  9.  Changes  in  and  Disagreements  with  accountants  on
          Accounting and Financial  Disclosure                                6


                                    PART III
                                    --------

Item  10.  Directors  and  Executive  Officers  of  the  Registrant           7

Item  11.  Executive  Compensation                                            7

Item  12.  Security  Ownership of Certain Beneficial Owners and Management    8

Item  13.  Certain  Relationships  and  Related  Transactions                 9


                                     PART IV
                                     -------

Item 14.  Exhibits, Financial Statement Schedules,
          and Reports on Form 8-K                                        9 - 17


Signature  Page                                                              18




<PAGE>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                        FORM 10-K - PARTS I, II, III & IV
                                 March 31, 2002

                                     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
copper.  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 together with those portions of six
Chester  and  three Polaris claims which lie northerly from a warped plane 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  Mining  Company discontinued all mining operations in Idaho during the
first  quarter  of  2002.

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.














<PAGE>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                        FORM 10-K - PARTS I, II, III & IV
                                 March 31, 2002


                                     PART II

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

No matters were submitted to a vote of the security holders in 2001 or the first
quarter of 2002.


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
Registrant's  shares  are  now  reported  by  the  Spokane  Quotation  Bureau.

The  bid  prices for the Registrant's stock for the period ending March 31, 2002
are  as  follows:

                             High            Low
                         -------------  -------------

2000

First  Quarter                .02            .02
Second  Quarter               .02            .02
Third  Quarter                .02            .02
Fourth  Quarter               .03            .02

2001

First  Quarter                .05            .02
Second  Quarter               .02            .02
Third  Quarter                .02            .02
Fourth  Quarter               .02            .02

2002

First  Quarter                .02            .02


     (b)     Approximate  Number  of  Equity  Security  Holders:

     Title  of  Class                  Number  of  Record  Holders
     ------------------------------    ----------------------------------------
     Common Non-Assessable Capital     Approximately 1,439 as of March 31, 2002
     Stock, par value five cents
     (.05) per share








<PAGE>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                        FORM 10-K - PARTS I, II, III & IV
                                 March 31, 2002

                                     PART II

ITEM  6  -  SELECTED  FINANCIAL  DATA

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

                      Year Ended  Year Ended  Year Ended  Year Ended  Year Ended
                      3-31-2002   3-31-2001   3-31-2000   3-31-99     3-31-98
                      ----------  ----------  ----------  ----------  ----------
Operating Revenue     $     620   $     748   $     901   $     928   $   1,192
Net Income (Loss)     $  (2,466)  $  (2,171)  $  (1,578)  $  (3,823)  $  (4,891)
Net Income (Loss)
  Per Share             (0.0008)  $ (0.0007)  $ (0.0005)  $ (0.0012)  $ (0.0015)
Total  Assets         $  64,175   $  66,441   $  67,972   $  69,652   $  72,496
Working  Capital      $   7,967   $  10,433   $  12,604   $  14,182   $  18,005

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  Registrant  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  net  cash needs of the
Registrant  are  approximately $3,000.  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.

          (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.














<page>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                        FORM 10-K - PARTS I, II, III & IV
                                 March 31, 2002

                                     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.

ITEM  10  -  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

     (a)     Identification  of  Directors:

Name                     Age
--------------------     ---

Earl  T.  Siler           87

Donald  L.  Hess          73

Forrest  Godde            85

Richard  L.  Schwary      74

Josef  Suveg              74


The  Directors  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, 2002


                                    PART III

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

     (b)     Identification  of  Executive  Officers:

Name                 Age  Title
-------------------  ---  ---------------------------------------------

Earl  T.  Siler       87  President  and  Chief  Executive  Officer

Donald  L.  Hess      73  Secretary/Treasurer and Principal Financial Officer


The  officers serve in the positions indicated after their names for a period of
one  year  or  until  a  successor  is  elected  and  qualified.

(I)     Background.

          Earl  T.  Siler,  87,  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, 73, 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, and also is the principal owner of the Columbia
Stock  Transfer  Company  which  is  the  Registrant's  transfer  agent.

     (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
was  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.







<PAGE>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                        FORM 10-K - PARTS I, II, III & IV
                                 March 31, 2002

                                    PART III


ITEM  12  -  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS AND MANAGEMENT

     (a)     Security  ownership  of  certain  beneficial  owners.

                                   Amount  &
                                   Nature  of
Title  of  Name  of                Beneficial               Percent of
Class      Beneficial  Owner       Ownership                Class
---------  ----------------------  -----------------------  ----------
Common     Borjessan  Family       Direct                      10.01%
Shares     Trust                   312,046  shares

Common     Cede  &  Co             On  Deposit                 10.28%
Shares                             for  brokers
                                   320,542  shares

     (b)     Security  ownership  of  management.


                                   Amount  &
                                   Nature  of
Title  of  Name  of                Beneficial               Percent of
Class      Beneficial  Owner       Ownership                Class
---------  ----------------------  -----------------------  ----------
Common     Earl  T.  Siler            91,000                   2.92%
Shares                                Direct

Common     Donald  L.  Hess          326,713                  10.48%
Shares                                Direct

Common     Forrest  Godde             40,000                   1.28%
Shares                                Direct

Common     Josef  Suveg               31,000                    .99%
Shares                                Direct

Common     Richard  Schwary            44,200                  1.42%
Shares                                 Direct


Total of all Officers and Directors:  532,913
                                      Shares of Record
                                       & Beneficially         17.09%












<page>
                    MINERAL MOUNTAIN MINING & MILLING COMPANY
                        FORM 10-K - PARTS I, II, III & IV
                                 March 31, 2002

                                    PART III

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 Registrant,  maintains the financial records of
the  Registrant.  He  is  also  the owner of the Columbia 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.

           Statements  of  Financial  Position,
           March  31,  2002,  2001,  and  2000                                10

           Statements  of  Operations  for  the  years  ended
           March  31,  2002,  2001,  and  2000  and  cumulative  from
           August  4,  1932  to  March  31,  2002                             11

           Statements  of  Stockholders'  Equity  from
           August  4,  1932  to  March  31,  1994  and  for
           the  years  ended  March  31,  1995  through  March  31,  2002     12

           Statements  of  Cash  Flows  for  the  years  ended
           March  31,  2002,  2001,  and  2000                                13

           Notes  to  Financial  Statements,
           March  31,  2002,  2001,  and  2000                             14-17


The  Registrant'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
2001  or  the  first  quarter  of  2002.










<page>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Statements  of  Financial  Position,  March  31,  2002,  2001,  and  2000
(UNAUDITED)




                            Notes          2002           2001          2000
                           ----------  ------------  ------------  ------------
ASSETS

CURRENT  ASSETS
  Cash  in  bank                       $     1,867   $     1,574   $       672
  Certificate  of  deposit                   8,500        10,000        13,000
  Receivables  and  prepaids                   -           1,059           492
                                       ------------  ------------  ------------
          TOTAL  CURRENT ASSETS             10,367        12,633        14,164
                                       ------------  ------------  ------------

PROPERTY
  Mining Property        (Notes 2&3)        53,808        53,808        53,808
                                       ------------  ------------  ------------

           TOTAL  ASSETS               $    64,175   $    66,441   $    67,972
                                       ============  ============  ============

LIABILITIES  AND  SHAREHOLDERS'  EQUITY

CURRENT  LIABILITIES
  Accounts payable to Officers and
   Directors                           $     2,400   $     2,200   $     1,560
                                       ------------  ------------  ------------
          TOTAL CURRENT LIABILITIES          2,400         2,200         1,560
                                       ------------  ------------  ------------

SHAREHOLDERS'  EQUITY
  Capital Stock, non-assessable,
    par value five cents per
    share,  authorized
    10,000,000  shares, issued
    3,078,049 shares in 2000 (Note 4)          -             -         153,902
    3,117,531 shares in 2002 and 2001      155,877       155,877           -
  Paid-in  surplus                         338,003       338,003       339,978
  (Deficit) accumulated during
    the exploration  stage                (432,105)     (429,639)     (427,468)
                                       ------------  ------------  ------------
         TOTAL SHAREHOLDERS' EQUITY         61,775        64,241        66,412
                                       ------------  ------------  ------------
         TOTAL LIABILITIES AND
          SHAREHOLDERS'  EQUITY        $    64,175   $    66,441   $    67,972
                                       ============  ============  ============





                    PREPARED FROM THE RECORDS WITHOUT AUDIT.

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

<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Statements  of Operations for the years ended March 31, 2002, 2001, and 2000 and
cumulative  from  August  4,  1932  to  March  31,  2002
(UNAUDITED)



<table>
                                                                           08/04/1932
                                                                               to
                     Notes          2002          2001          2000       03/31/2002
                                ------------  ------------  ------------  ------------

                             <c>           <c>           <c>           <c>
INCOME
  Sale  of  timber                      -             -             -     $    22,155
  Interest  income              $       620   $       748   $       901         6,232
                                ------------  ------------  ------------  ------------
          TOTAL  INCOME                 620           748           901        28,387
                                ------------  ------------  ------------  ------------

EXPENSES
  Officers  and  Directors fees
    and expenses (Notes 4 and 6)        600           600           600       120,472
  Professional  fees  (Note 6)        1,723         1,415           913        33,686
  SEC  &  stock  exchange  fees         -             -             166         6,398
  Office  supplies  &  expenses          37           178            38        11,330
  Property  &  other  taxes              26            26            36         1,494
  Transfer Agency fees (Note 6)         400           400           426         3,401
  Spokane  Quotation  Bureau            300           300           300         2,250
  Engineering  &  property  costs       -             -             -           9,426
  Net general & administrative
    expenses August 4, 1932
    through March 31, 1962              -             -             -          92,402
                                ------------  ------------  ------------  ------------
          TOTAL  EXPENSES             3,086         2,919         2,479       280,859
                                ------------  ------------  ------------  ------------

(LOSS) BEFORE OTHER
  INCOME AND EXPENSES                (2,466)       (2,171)       (1,578)     (252,472)

Total capitalized exploration
  costs  Written-off                    -             -             -        (196,997)
Prior  year  debt  adjustment           -             -             -          17,364
                                ------------  ------------  ------------  ------------

NET (LOSS) BEFORE TAXES              (2,466)       (2,171)       (1,578)     (432,105)

INCOME  TAXES     (Note  5)               0             0             0             0
                                ------------  ------------  ------------  ------------

NET  (LOSS)                     $    (2,466)  $    (2,171)  $    (1,578)  $  (432,105)
                                ============  ============  ============  ============
NET (LOSS) PER SHARE            $   (0.0008)  $   (0.0007)  $   (0.0005)  $   (0.1386)
                                ============  ============  ============  ============
</table>



                    PREPARED FROM THE RECORDS WITHOUT AUDIT.
    The accompanying notes to financial statements are an integral part of this
                              financial statement.
<page>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Statements  of  Stockholders'  Equity  from  August  4,  1932 to March 31, 1994,
And  for  the  years  ended  March  31,  1995  through  March  31,  2002
(UNAUDITED)
<table>
                  Number                              Accumu-     Cost of
                  of Shares   Par         Paid-In     lated       Treasury
                  Issued      Value       Surplus     (Deficit)   Stock       Total
                  ----------  ----------  ----------  ----------  ----------  ----------

               <c>         <c>         <c>         <c>         <c>         <c>
From  08-04-32
 to  3-31-94       2,711,649    135,582     341,967    (425,056)     (2,355)     50,138
March 31, 1995
  Net  Income            -          -           -        12,791         -        12,791
  Stock Issuances    175,820      8,791         -           -           -         8,791
  Treasury Stock
    Issued               -          -        (1,989)        -         2,355         366
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 03-31-95  2,887,469    144,373     339,978    (412,265)          0      72,086
March 31, 1996
  Net  Loss              -          -           -        (2,269)        -        (2,269)
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 03-31-96  2,887,469    144,373     339,978    (414,534)          0      69,817
March 31, 1997
  Net  Loss              -          -           -        (2,642)        -        (2,642)
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 03-31-97  2,887,469    144,373     339,978    (417,176)          0      67,175
March  31,  1998
  Stock Issuances
    for services     190,580      9,529         -           -           -         9,529
  Net Loss               -          -           -        (4,891)        -        (4,891)
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 03-31-98  3,078,049    153,902     339,978    (422,067)          0      71,813
March 31, 1999
  Net  Loss              -          -           -        (3,823)        -        (3,823)
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 03-31-99  3,078,049    153,902     339,978    (425,890)          0      67,990
March 31, 2000
  Net Loss               -          -           -        (1,578)        -        (1,578)
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 3-31-2000 3,078,049    153,902     339,978    (427,468)          0      66,412
March 31, 2001
  Net Loss               -          -           -        (2,171)        -        (2,171)
Correction to
  adjust records
  to Number of
  outstanding
  Shares per
  stockledger         39,482      1,975      (1,975)          0           0           0
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 3-31-2001 3,117,531    155,877     338,003    (429,639)          0      64,241

March 31, 2002
  Net Loss               -          -           -        (2,466)        -        (2,466)
                  ----------  ----------  ----------  ----------  ----------  ----------
BALANCES 3-31-2002 3,117,531  $ 155,877   $ 338,003   $(432,105)          0   $  61,775
                  ==========  ==========  ==========  ==========  ==========  ==========
</table>
                    PREPARED FROM THE RECORDS WITHOUT AUDIT.
    The accompanying notes to financial statements are an integral part of this
                              financial statement.
<page>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Statements  of  Cash  Flows  for  the years ended March 31, 2002, 2001, and 2000
(UNAUDITED)


                                           2002          2001          2000
                                       ------------  ------------  ------------
CASH FLOWS FROM OPERATING ACTIVITIES:

  Net (Loss)                           $    (2,466)  $    (2,171)  $    (1,578)
  Adjustments to reconcile to net
    cash provided or (used):
    Increase(decrease) receivables
      & prepaids                             1,059          (567)         (492)
    Increase (decrease) to payables            200           640          (102)
                                       ------------  ------------  ------------
NET CASH USED IN OPERATING ACTIVITIES       (1,207)       (2,098)       (2,172)

NET  INCREASE  (DECREASE)  TO  CASH         (1,207)       (2,098)       (2,172)


CASH  BEGINNING  OF  PERIOD                 11,574        13,672        15,844
                                       ------------  ------------  ------------

CASH  END  OF  PERIOD                  $    10,367   $    11,574   $    13,672
                                       ============  ============  ============


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


INTEREST  AND  INCOME  TAXES  PAID            NONE          NONE          NONE
                                       ============  ============  ============























                    PREPARED FROM THE RECORDS WITHOUT AUDIT.

    The accompanying notes to financial statements are an integral part of this
                              financial statement.
<page>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Notes  to  Financial  Statements,  March  31,  2002,  2001,  and  2000
(UNAUDITED)

NOTE  1  -  COMPANY  BUSINESS

Mineral Mountain Mining & Milling Company ("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
copper.  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:

This  summary  of  significant  accounting  policies  is  presented to assist in
understanding  the Company's financial statements.  The financial statements and
notes  are representations of the Company's management, which is responsible for
their integrity and objectivity.  These accounting policies conform to generally
accepted  accounting  principles  of  the United States of America and have been
consistently  applied  in  the  preparation  of  the  financial  statements.

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.     The  process  of  preparing  financial  statements   in  conformity  with
generally  accepted  accounting  principles  requires  the  use of estimates and
assumptions  regarding  certain  types  of  assets,  liabilities,  revenues, and
expenses.  Such  estimates primarily relate to unsettled transactions and events
as  of  the  date  of  the  financial statements.  Accordingly, upon settlement,
actual  results  may  differ  from  estimated  amounts.

c.     In  accord  with  Statement  No.  7 of the Financial Accounting Standards
Board  ("SFAS 7") for development stage companies (which classification includes
exploratory  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.  Statement No. 7 provides that financial
statements  issued  by a development enterprise shall present the same financial
information  that  is  required  of  established  operating  enterprises.

d.     The  Company  is  unable  to  present  cumulative  statements  of income,
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  SFAS  7.

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

f.     The  Company  reports  comprehensive  income  (loss)  in  accordance with
Statement  of  Financial  Accounting  Standards  ("SFAS")  No.  130,  "Reporting
Comprehensive  Income."  Accordingly,  accumulated other comprehensive income or
loss  is  included  in  the  Stockholders'  Equity section of the Balance Sheet.
Amounts  are  reported  net  of tax and include gains or losses on available for
sale  securities.


<page>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Notes  to  Financial  Statements,  March  31,  2002,  2001,  and  2000
(UNAUDITED)

NOTE  2     ACCOUNTING  POLICIES  (continued)

g.     The  Company  capitalizes costs incurred to purchase mineral property and
to  purchase  or  lease  mineral  rights.   Exploration  and  development  costs
associated with mineral properties and claims not yet in production are expensed
as  incurred.

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

i.     Income tax provisions are calculated using an asset and liability method.

j.     Long-lived assets are reviewed for impairment when circumstances indicate
that their carrying value may  not be recoverable.  In assessing recoverability,
estimates  of  future  cash  flows  expected to result from the use of the asset
and/or  its  disposition  is  used.  If  the  sum  of expected future cash flows
(undiscounted  and without interest charges) is less than the carrying amount of
the  asset,  an  impairment loss should be recognized based on the fair value of
the  asset.

k.     The Financial Accounting Standards Board issued SFAS No. 133, "Accounting
for  Derivative  Instruments  and Hedging Activities," in June 1998 and SFAS No.
138,  "Accounting for Derivative Instruments and Certain Hedging Activities", in
June  2000.  These  standards  establish  accounting and reporting standards for
derivative  instruments,  including  certain  derivative instruments embedded in
other  contracts,  and  for  hedging  activities.  It  requires  that  an entity
recognize  all  derivatives as either assets or liabilities on the balance sheet
and  measure those instruments at fair value, at the appropriate date.  At March
31,  2000,  2001, and 2002, the Company has not engaged in any transactions that
would  be  considered  derivative  instruments  or  hedging  activities.

l.     As  of  March  31,  2002,  the  Company has a recorded cost of $53,808 in
exploratory stage mining properties which represents 83.85% of total assets. The
ultimate  realization  of  the  Company's  carrying  costs  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  cost  or  to  sell such assets for greater than their recorded values.
The  likelihood  of  such  discovery  and  development of ore in the exploratory
mining  properties,  or  sale  thereof  at  March  31,  2002 cannot presently be
determined.  Therefore  the  recoverability  of  the  recorded amounts of mining
properties  is  uncertain.  No  provision  for  any  ultimate  decline   in  the
realizable  value  of  these  assets  has been made in the financial statements.














<page>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Notes  to  Financial  Statements,  March  31,  2002,  2001,  and  2000
(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 the Company had been reimbursed from net smelter returns.  The costs paid out
by  the  Company  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
the  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 the
Company  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  the  Company  and  Chester, 25% each. Hecla Mining Company deeded all
their  interest  in the Mineral Mountain Area to Sunshine Mining Company on June
26,  1984.

               Sunshine  Mining Company discontinued all operations in the state
of  Idaho  during  the  first  quarter  of  2002.




















<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Notes  to  Financial  Statements,  March  31,  2002,  2001,  and  2000
(UNAUDITED)

NOTE  4  -     CAPITALIZATION

               The  Company  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 the Company shares issued since inception to March
31, 2002 is as follows (Note:  the respective Boards of Directors determined the
basis of each consideration of capital stock issuance in non-cash transactions):

                                                  August 4, 1932
                                                 (inception) to
                                                  March 31, 2002
                                                ------------------
                    Cash                             1,077,700
                    Services                           597,729
                    Property                         1,100,000
                    Payment of liabilities             302,620
                    Adjustment to reconcile with
                       stock  transfer  records         39,482
                                                   ------------
                     TOTAL  OUTSTANDING              3,117,531
                                                   ============

               A summary of items making up the paid-in surplus account at March
31,  2002  is  as  follows:

                    Premium  on  shares            $   452,662
                    Discount  on  shares               (39,472)
                    Reacquired shares - discount       (15,423)
                    Commission  &  other               (57,789)
                    Adjustment to reconcile with
                          stock transfer records        (1,975)
                                                   ------------
                      TOTAL                        $   338,003
                                                   ============

     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.

During the year ended March 31, 2001 an adjustment of 39,482 shares ($1,975) was
made  to  reconcile  the  accounting  records  with  the  capital stock transfer
records.  A  corresponding  adjustment  of  $1,975  was made to paid-in surplus.










<PAGE>
MINERAL  MOUNTAIN  MINING  &  MILLING  COMPANY
(An  Exploratory  Stage  Mining  Company)
Notes  to  Financial  Statements,  March  31,  2002,  2001,  and  2000
(UNAUDITED)

NOTE  5  -     INCOME  TAXES

               The  Company  has  a  net operating loss carryover for income tax
purposes  of  $208,647  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
                              03-31-20           1,578
                              03-31-21           2,171
                              03-31-22           2,466

At  March 31, 2002, 2001, and 2000, deferred tax differences primarily relate to
capitalization  of  exploration  costs  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  is  fully  offset  by  a  valuation  allowance.

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  income  tax  purposes  on  March  31,  1994

NOTE  6-RELATED  PARTY  TRANSACTIONS

Amounts  were  paid  or  accrued  to officers of the Company in the fiscal years
ended  March  31,  2002,  2001,  and  2000  as  follows:

                                              Fiscal Year  ended March 31
                                          -------------------------------------
                                             2002         2001        2000
                                          ----------   ----------   -----------
Accounting and stock transfer expense     $  1,723     $  1,415     $    913
Officer  Compensation                          600          600          600
Stock  Transfer  services                      400          400          426




















<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  and                 President,  Chief Administrative
Principal  Financial  Officer                Officer  and  Director

Date:     June  28,  2002                   Date:     June 28,  2002

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.


Date:     June  28,  2002         /S/  Earl  T.  Siler
                                   --------------------
                                   Earl  T.  Siler
                                   President,  Director  and
                                   Principal  Executive  Officer


Date:     June  28,  2002         /S/  Donald  L.  Hess
                                   ---------------------
                                   Donald  L.  Hess
                                   Secretary - Treasurer, Director and
                                   Principal Financial Officer


Date:     June  28,  2002         /S/  Forrest  Godde
                                   -------------------
                                   Forrest  Godde
                                   Director


Date:     June  28,  2002         /S/  Josef  Suveg
                                   -----------------
                                   Josef  Suveg
                                   Director


Date:     June  28,  2002         /S/  Richard  Schwary
                                   ---------------------
                                   Richard  L.  Schwary
                                   Director