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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OEq8z1bez9u8aNIZ9VGEc0rdfOBFGiIMvsIycvgZXWReZVzYRA3cnGPyflEQfby3
 udAt/rQw2G63zsBXHIfBeA==

<SEC-DOCUMENT>0000919574-04-001892.txt : 20040621
<SEC-HEADER>0000919574-04-001892.hdr.sgml : 20040621
<ACCEPTANCE-DATETIME>20040621172619
ACCESSION NUMBER:		0000919574-04-001892
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040610
FILED AS OF DATE:		20040621

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FRENKEL LEONID
		CENTRAL INDEX KEY:			0001268200

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08485
		FILM NUMBER:		04873182

	MAIL ADDRESS:	
		STREET 1:		C/O TRIAGE MANAGEMENT LLC
		STREET 2:		401 CITY AVENUE, STE 528
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILACRON INC
		CENTRAL INDEX KEY:			0000716823
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				311062125
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	BUSINESS ADDRESS:	
		STREET 1:		2090 FLORENCE AVENUE
		STREET 2:		PO BOX 63716
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45206
		BUSINESS PHONE:		5134875000

	MAIL ADDRESS:	
		STREET 1:		2090 FLORENCE AVENUE
		STREET 2:		P.O. BOX 63716
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CINCINNATI MILACRON INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CINCINNATI MILACRON HOLDINGS INC
		DATE OF NAME CHANGE:	19830503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CINCINNATI MILLING MACHINE CO
		DATE OF NAME CHANGE:	19600201

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRIAGE MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001225070
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08485
		FILM NUMBER:		04873183

	BUSINESS ADDRESS:	
		STREET 1:		401 CITY AVE.
		STREET 2:		SUITE 526
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004
		BUSINESS PHONE:		6106680404

	MAIL ADDRESS:	
		STREET 1:		401 CITY AVE.
		STREET 2:		SUITE 526
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>p494557_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-06-10</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000716823</issuerCik>
        <issuerName>MILACRON INC</issuerName>
        <issuerTradingSymbol>MZ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001225070</rptOwnerCik>
            <rptOwnerName>TRIAGE MANAGEMENT LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>401 CITY AVE.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 526</rptOwnerStreet2>
            <rptOwnerCity>BALA CYNWYD</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19004</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001268200</rptOwnerCik>
            <rptOwnerName>FRENKEL LEONID</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TRIAGE MANAGEMENT LLC</rptOwnerStreet1>
            <rptOwnerStreet2>401 CITY AVENUE, STE 528</rptOwnerStreet2>
            <rptOwnerCity>BALA CYNWYD</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19004</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>35000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Shares held by: Glencore Finance AG</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities may be deemed to be beneficially owned by Triage Offshore Fund, Ltd., Triage Capital Management, LP, Triage
Capital Management B, LP, Triage Advisors, LLC, the investment manager of Triage Offshore Fund, Ltd., TRIAGE Management LLC,
the general partner of Triage Capital Management, LP and Triage Capital Management B, LP and an advisor to Triage Advisors,
LLC, and Leonid Frenkel, the managing member of Triage Advisors, LLC and TRIAGE Management LLC (the &quot;Reporting Persons&quot;). As
a result of the Participation Agreement, the Reporting Persons, Glencore Finance and Mizuho International could be deemed a
group for purposes of Section 13(d) of the Securities Exchange Act of 1934.</footnote>
        <footnote id="F2">The Reporting Persons disclaim the existence of any such group, however, the Reporting Persons are filing this Form 13D in
the event such a group were deemed to exist. Each such Reporting Person disclaims beneficial ownership of the reported
securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission
that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange
Act of 1934, as amended, or for any other purpose.</footnote>
        <footnote id="F3">Pursuant to a Participation Agreement, dated March 16, 2004, between Glencore Finance AG and Triage Offshore Fund, Ltd.,
Glencore Finance AG sold an undivided participation interest of 17.8571428% of all securities issued by Milacron to Glencore
Finance AG to Triage Offshore Fund, Ltd. pursuant to the Note Purchase Agreement, dated March 12, 2004, by and among
Milacron, Glencore Finance AG and Mizuho International plc. Such securities were subsequently sub-participated to the other
Reporting Persons. A copy of the Note Purchase Agreement is attached as Exhibit 10.49 to the Annual Report on Form 10-K
filed on March 15, 2004 by Milacron Inc. for the fiscal year ended December 31, 2003. A copy of the participation agreement
is attached as Exhibit 6 to the Amendment No. 1 to Schedule 13D filed on June 21, 2004 by Glencore Finance AG, Glencore
International AG, Glencore Holding AG, Mizuho International plc and Mizuho Securities Co., Ltd.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>TRIAGE Management LLC By: /s/ Leonid Frenkel, Managing Member</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Triage Offshore Fund, Ltd. By: /s/ Leonid Frenkel, Director</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Triage Capital Management, LP By: Triage Management, LLC, General Partner, By: /s/ Leonid Frenkel, Managing Member</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Triage Advisors, LLC By: /s/ Leonid Frenkel, Managing Member</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Triage Capital Management B. LP By: Triage Management LLC, General Partner By: /s/ Leonid Frenkel, Managing Member</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Leonid Frenkel</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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