X0101 42003-06-30 0000716823 MILACRON INC MZ 0001214330 PERRELLA JAMES E 1000Phantom Stock Units4.9952003-06-304A04254.250A1988-08-081988-08-08Common Stock4254.2534671.53DThe reporting person also directly owns stock options to purchase 17,000 shares of MZ common stock, and directly beneficially owns 4,500 shares of MZ common stock and 1,500 restricted shares of MZ common stock.Acquisition of phantom stock units under the company's deferred compensation plan for non-employee directors. Benefits are payable upon the earlier of termination of services as a director or death.Walter S. Wood, Attorney - in - Fact2003-07-01