-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EKlYwYbMJH79wZs++r2Ttz6+8166w4hYK8n9uxZ5+UIqv91IdNNQz51NNdvksrvj
 ZHGVuN7uP91mqbNI/3eMTw==

<SEC-DOCUMENT>0001209191-09-021565.txt : 20090415
<SEC-HEADER>0001209191-09-021565.hdr.sgml : 20090415
<ACCEPTANCE-DATETIME>20090415123033
ACCESSION NUMBER:		0001209191-09-021565
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080714
FILED AS OF DATE:		20090415
DATE AS OF CHANGE:		20090415

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mueller Water Products, Inc.
		CENTRAL INDEX KEY:			0001350593
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				203547095
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		1200 ABERNATHY RD
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
		BUSINESS PHONE:		770-206-4200

	MAIL ADDRESS:	
		STREET 1:		1200 ABERNATHY RD
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mueller Holding Company, Inc.
		DATE OF NAME CHANGE:	20060123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KBC Asset Management Ltd.
		CENTRAL INDEX KEY:			0001410251
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32892
		FILM NUMBER:		09750335

	BUSINESS ADDRESS:	
		STREET 1:		JOSHUA DAWSON HOUSE
		STREET 2:		DAWSON STREET
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
		BUSINESS PHONE:		353 1 438 4492

	MAIL ADDRESS:	
		STREET 1:		JOSHUA DAWSON HOUSE
		STREET 2:		DAWSON STREET
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>c83864_3x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-07-14</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001350593</issuerCik>
        <issuerName>Mueller Water Products, Inc.</issuerName>
        <issuerTradingSymbol>MWA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001410251</rptOwnerCik>
            <rptOwnerName>KBC Asset Management Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>JOSHUA DAWSON HOUSE, DAWSON STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DUBLIN</rptOwnerCity>
            <rptOwnerState>L2</rptOwnerState>
            <rptOwnerZipCode>2</rptOwnerZipCode>
            <rptOwnerStateDescription>IRELAND</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>No securities are beneficially owned</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">KBC Asset Management Ltd. is an investment adviser that has investment discretion over accounts that hold shares of the issuer that, in the aggregate, exceed 10 percent of the total shares outstanding of the class, and therefore may be considered a beneficial owner of those shares pursuant to Securities Exchange Act Rules 13d-3 and 16a-1(a)(1).  Each of KBC Group NV, KBC Bank NV, and KBC Asset Management NV may be considered control persons of KBC Asset Management Ltd. and therefore also may be considered beneficial owners of the shares over which KBC Asset Management Ltd. has investment discretion shares pursuant to Securities Exchange Act Rules 13d-3 and 16a-1(a)(1).  None of the reporting persons is a beneficial owner of any shares of the issuer pursuant to Securities Exchange Act Rule 16a-1(a)(2).</footnote>
        <footnote id="F2">Although a Form 3 relating to this holding was filed in a timely manner, as a result of an administrative oversight, such Form 3 was filed only in the name of KBC Asset Management NV. The Reporting Person is filing this Form 3 to correct that administrative oversight. The filing person is no longer a 10% owner.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Noel O'Halloran As Executive Director and Chief Investment Officer of KBC Asset
                       Management Ltd., and as attorney-in-fact on behalf of KBC Group NV,
                       KBC Bank NV, and KBC Asset Management NV.</signatureName>
        <signatureDate>2009-04-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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