-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000919574-05-002138.txt : 20050611
<SEC-HEADER>0000919574-05-002138.hdr.sgml : 20050611
<ACCEPTANCE-DATETIME>20050610174937
ACCESSION NUMBER:		0000919574-05-002138
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050601
FILED AS OF DATE:		20050610
DATE AS OF CHANGE:		20050610

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:		05890865

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		610-668-0404

	MAIL ADDRESS:	
		STREET 1:		C/O TRIAGE CAPITAL LF GROUP, LLC
		STREET 2:		401 CITY AVENUE, STE 800
		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 CAPITAL LF GROUP, LLC
		CENTRAL INDEX KEY:			0001309751

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08485
		FILM NUMBER:		05890864

	BUSINESS ADDRESS:	
		STREET 1:		401 CITY AVENUE, SUITE 800
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004
		BUSINESS PHONE:		610-668-0404

	MAIL ADDRESS:	
		STREET 1:		401 CITY AVENUE, SUITE 800
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004

	FORMER NAME:	
		FORMER CONFORMED NAME:	Triage Capital LF Group LLC
		DATE OF NAME CHANGE:	20041124
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>p576629_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-06-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001268200</rptOwnerCik>
            <rptOwnerName>FRENKEL LEONID</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TRIAGE CAPITAL LF GROUP, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>401 CITY AVENUE, STE 800</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>0001309751</rptOwnerCik>
            <rptOwnerName>TRIAGE CAPITAL LF GROUP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>401 CITY AVENUE, SUITE 800</rptOwnerStreet1>
            <rptOwnerStreet2></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>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series B Convertible Preferred Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.75</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2005-06-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-06-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>7142857</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">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 pursuant to the Note Purchase Agreement, dated March 12, 2004, by and among Milacron, Glencore Finance AG and
Mizuho International plc. 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 letter agreement,
dated April 5, 2004, amending the Note Purchase Agreement, is attached as Exhibit 99.1 to the Current Report on Form 8-K
filed on April 5, 2004. A copy of the letter agreement, dated June 7, 2004, further amending the Note Purchase Agreement is
attached as Exhibit 10.33 on the Registration Statement on Form S-1 filed on June 25, 2004 by Milacron, Inc.</footnote>
        <footnote id="F2">A copy of the participation agreement is attached as Exhibit 2 to the Amendment No. 1 to Schedule 13D filed on June 25, 2004
by Triage Management LLC, Triage Advisors LLC, Triage Offshore Fund, Ltd. and Leonid Frenkel. On June 1, 2005, Glencore
Finance terminated the Participation Agreement and transferred 62,500 shares of the Series B Convertible Preferred Stock to
Triage Offshore Fund, Ltd. and certain of its affiliates.</footnote>
        <footnote id="F3">Original conversion price of $2.00 will be reset to $1.75 on June 30, 2005 pursuant to the terms and conditions of the
Certificate of Designation governing the Series B Convertible Preferred Stock. A copy of this Certificate of Designation is
attached as Exhibit 3.2 to the Registration Statement filed on Form S-8 by Milacron Inc. on June 11, 2004.</footnote>
        <footnote id="F4">Leonid Frenkel (&quot;Mr. Frenkel&quot;) is the managing member of Triage Capital LF Group, LLC, a Delaware limited liability company
(together with Mr. Frenkel, the &quot;Reporting Persons&quot;) that acts as the general partner to the general partner and investment
manager of various private investment funds and separately managed accounts in whose accounts portions of the reported
securities are held. The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the
extent of their pecuniary interest therein. This filing shall not be deemed an admission for Section 16 or otherwise, that
the Reporting Persons are the beneficial owner of any of the securities covered by this filing.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Leonid Frenkel</signatureName>
        <signatureDate>2005-06-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Triage Capital LF Group, LLC, /s/ Leonid Frenkel</signatureName>
        <signatureDate>2005-06-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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