THIS FILING LISTS SECURITIES  HOLDINGS REPORTED ON THE FORM 13F FILED ON MAY 15,
2006 PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CONFIDENTIAL
TREATMENT EXPIRED ON JULY 15, 2006.



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F Cover Page



            Report for the Calendar Year or Quarter Ended March 31, 2006

Check here if Amendment:           |X|; Amendment Number: 2

This Amendment (Check only one):   |_| is a restatement
                                   |_| adds new holding entries.*

Institutional Manager Filing this Report:

Name:     MCM Management, LLC

Address:  152 West 57th Street
          New York, New York  10019

13F File Number:

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:

Name:     Alan Rivera, Esq.
Title:    Chief Financial Officer & General Counsel
Phone:    (212) 586-4333


Signature, Place and Date of Signing:

/s/ Alan Rivera              New York, New York               July 17, 2006
- -----------------------     --------------------------    ----------------------
     [Signature]                   [City, State]                   [Date]

* This  Amendment No. 2 is being filed to note that the  confidential  treatment
for the  holdings reported on the Form 13F filed on May 15, 2006 expired on July
15,  2006  and not on May 15,  2006,  as  previously  indicated.  No data on the
attached holdings table has changed from the previous amendment.



Report Type:  (Check only one):

[X]      13F HOLDINGS REPORT.  (Check here if all holdings of this reporting
         manager are reported in this report).

[ ]      13F NOTICE.  (Check here if no holdings reported are in this report,
         and all holdings are reported by other reporting managers(s)).

[ ]      13F COMBINATION REPORT.  (Check here if a portion of the holdings for
         this reporting manager are reported in this report and a portion are
         reported by other reporting manager(s)).


List of Other Managers Reporting for this Manager:  None



                             Form 13F SUMMARY PAGE


Report Summary:


Number of Other Included Managers:            0

Form 13F Information Table Entry Total:       1

Form 13F Information Table Value Total:   $23,073,030
                                          (thousands)

List of Other Included Managers:  None



                           FORM 13F INFORMATION TABLE




- ---------------  --------------  ---------  ----------   -------------------  ----------  --------  ---------------------------
                                               VALUE      SHRS OR   SH/ PUT/  INVESTMENT  OTHER         VOTING  AUTHORITY
NAME OF ISSUER   TITLE OF CLASS    CUSIP     (X$1000)     PRN AMT   PRN CALL  DISCRETION  MANAGERS  SOLE       SHARED     NONE
- ---------------  --------------  ---------  ----------   -------------------  ----------  --------  ---------------------------
                                                                                         
Paxar Corp.        COMMON        704227107  23,073,030   1,179,000  SH          SOLE      NONE      1,179,000







SK 04129 0003 686972