SEC Comment Letter for MILLS MUSIC TRUST (MMTRS) (CIK 0000066496) (MMTRS) — Jul 13, 2005
MILLS MUSIC TRUST (MMTRS) (CIK 0000066496)
Date: July 13, 2005 · CIK: 0000066496 · Accession: 0000000000-05-035881
AI Filing Summary & Sentiment
Letter
July 13, 2005 Ms. Marcia Markowski Chief Financial Individual Mills Music Trust c/o HSBC Bank, USA, NA Corporate Trust 452 Fifth Avenue New York, NY 10018-2706
Re: Mills Music Trust Form 10-K/A for Fiscal Year Ended December 31, 2004 Filed April 13, 2005 File No. 0- 02123
Dear Ms. Markowski:
We have reviewed your filing and have the following comments. We have limited our review of your filing to those issues we have addressed in our comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please provide a written response to our comments. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments.
Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
Form 10-K for the Fiscal Year Ended December 31, 2004
Statement of Cash Receipts and Disbursements, page 8
1. We note you have provided audited financial statements that are not prepared in accordance with GAAP. Please tell us why you have not reported financial statements prepared in accordance with GAAP and why you believe this presentation is appropriate in filings made with the Commission. We ask that you cite any authoritative guidance you may be relying upon in support of your financial statement presentation. Please contact us to discuss this matter at your earliest convenience.
Closing Comments
As appropriate, please amend your filing and respond to these comments within 10 business days or tell us when you will provide us with a response. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes all information required under the Securities Exchange Act of 1934 and that they have provided all information investors require for an informed investment decision. Since the company and its management are in possession of all facts relating to a company`s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made.
In connection with responding to our comments, please provide, in writing, a statement from the company acknowledging that:
* the company is responsible for the adequacy and accuracy of the disclosure in the filing;
* staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
* the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in our review of your filing or in response to our comments on your filing.
You may contact Kevin Stertzel at (202) 551-3723 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3683 with any other questions.
Sincerely,
Jill S. Davis
Branch Chief
Show Raw Text
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<TEXT>
July 13, 2005
Ms. Marcia Markowski
Chief Financial Individual
Mills Music Trust
c/o HSBC Bank, USA, NA
Corporate Trust
452 Fifth Avenue
New York, NY 10018-2706
Re: Mills Music Trust
Form 10-K/A for Fiscal Year Ended December 31, 2004
Filed April 13, 2005
File No. 0- 02123
Dear Ms. Markowski:
We have reviewed your filing and have the following
comments.
We have limited our review of your filing to those issues we have
addressed in our comments. Where indicated, we think you should
revise your document in response to these comments. If you
disagree,
we will consider your explanation as to why our comment is
inapplicable or a revision is unnecessary. Please provide a
written
response to our comments. Please be as detailed as necessary in
your
explanation. In some of our comments, we may ask you to provide
us
with information so we may better understand your disclosure.
After
reviewing this information, we may raise additional comments.
Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects. We welcome
any questions you may have about our comments or any other aspect
of
our review. Feel free to call us at the telephone numbers listed
at
the end of this letter.
Form 10-K for the Fiscal Year Ended December 31, 2004
Statement of Cash Receipts and Disbursements, page 8
1. We note you have provided audited financial statements that are
not prepared in accordance with GAAP. Please tell us why you have
not reported financial statements prepared in accordance with GAAP
and why you believe this presentation is appropriate in filings
made
with the Commission. We ask that you cite any authoritative
guidance
you may be relying upon in support of your financial statement
presentation. Please contact us to discuss this matter at your
earliest convenience.
Closing Comments
As appropriate, please amend your filing and respond to
these
comments within 10 business days or tell us when you will provide
us
with a response. You may wish to provide us with marked copies of
the amendment to expedite our review. Please furnish a cover
letter
with your amendment that keys your responses to our comments and
provides any requested information. Detailed cover letters
greatly
facilitate our review. Please understand that we may have
additional
comments after reviewing your amendment and responses to our
comments.
We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed investment decision. Since the
company and its management are in possession of all facts relating
to
a company`s disclosure, they are responsible for the accuracy and
adequacy of the disclosures they have made.
In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:
* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;
* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and
* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.
In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.
You may contact Kevin Stertzel at (202) 551-3723 if you have
questions regarding comments on the financial statements and
related
matters. Please contact me at (202) 551-3683 with any other
questions.
Sincerely,
Jill S. Davis
Branch Chief
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Ms. Marcia Markowski
Mills Music Trust
July 13, 2005
page 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-0405
DIVISION OF
CORPORATION FINANCE
MAIL STOP 7010
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