8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 5, 2007

MV Oil Trust

(Exact name of registrant as specified in its charter)

Delaware	001-33219	06-6554331
(State or other jurisdiction of	(Commission	(IRS Employer
incorporation)	File Number)	Identification No.)
919 Congress Avenue
Austin, Texas 78701		78701
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 1-800-852-1422

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02  Results of Operations and Financial Condition.

On October 5, 2007, MV Oil Trust issued a press release announcing the Trust third quarter distribution for the payment period ended September 30, 2007. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Pursuant to General Instruction B.2 of Form 8-K, the press release attached as Exhibit 99.1 is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing by MV Oil Trust under the Exchange Act or the Securities Act of 1933, as amended, but is instead “furnished” for purposes of that instruction.

Item 9.01  Financial Statements and Exhibits.

(d)Exhibits.

Exhibit 99.1            MV Oil Trust Press Release dated October 5, 2007.

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SIGNATURES

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

	MV Oil Trust
	By:	The Bank of New York Trust Company, N.A.,
		as Trustee
Date: October 5, 2007	By:	/s/ Mike Ulrich
		Mike Ulrich
		Vice President

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EXHIBIT INDEX

Exhibit	Description
99.1	MV Oil Trust Press Release dated October 5, 2007.

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EX-99.1

Exhibit 99.1

MV Oil Trust

MV Oil Trust Announces Trust Third Quarter Distribution

MV OIL TRUST

The Bank of New York Trust Company, N.A., Trustee

NEWS

 RELEASE

FOR IMMEDIATE RELEASE

Austin, Texas, October 5, 2007 – MV Oil Trust (NYSE Symbol – MVO) announced the Trust distribution of Net Profits for the third quarterly Payment Period ended September 30, 2007.

Unitholders of record on October 15, 2007 will receive a distribution amounting to $ 7,519,083 or $.65383330 per unit payable October 25, 2007.

Volumes, Price and Net Profits for the Payment Period were:

Volume (BOE)	263,167
Proceeds (BOE)	$	58.86
Gross Proceeds	$	15,489,826
Costs	$	5,278,472
Net Profits	$	10,211,354
Percentage applicable to Trust’s 80%
Net Profits Interest	$	8,169,083
Gross Hedge Proceeds	$	-0-
Percentage applicable to Trust’s 80%
Hedge Proceeds	$	-0-
Total cash proceeds available for the Trust	$	8,169,083
MV Partners Reserve for capital expenditures	$	250,000
Provision for estimated Trust expenses	$	400,000
Net cash proceeds available for distribution	$	7,519,083

This press release contains forward-looking statements. Although MV Partners, LLC has advised the Trust that MV Partners, LLC believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2006 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Contact:	MV Oil Trust
	The Bank of New York Trust Company, N.A., as Trustee
	Mike Ulrich
	(512) 236-6599

919 Congress Avenue, Austin, TX 78701