UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-08030

Name of Fund:	Royce Micro-Cap Trust, Inc.
Fund Address:	745 Fifth Avenue
	New York, NY 10151

Name and address of agent for service:

John E. Denneen, Esq.

Royce & Associates, LLC

745 Fifth Avenue

New York, NY 10151

Registrant’s telephone number, including area code: (212) 508-4500

Date of fiscal year end: 12/31/2011

Date of reporting period: 9/30/2011

Item 1 - Schedule of Investments

SCHEDULE OF INVESTMENTS

ROYCE MICRO-CAP TRUST

SEPTEMBER 30, 2011 (UNAUDITED)

	SHARES	VALUE
COMMON STOCKS – 109.6%
Consumer Discretionary – 12.6%
Auto Components - 1.7%
China XD Plastics 1,2	21,500	$	96,965
Drew Industries	134,700		2,691,306
Norstar Founders Group 2,3	771,500		36,161
SORL Auto Parts 1,2	37,413		121,966
Williams Controls	107,000		1,173,790
			4,120,188
Distributors - 0.4%
Weyco Group	48,000		1,070,400
Diversified Consumer Services - 0.3%
ChinaCast Education 2	131,100		483,759
Lincoln Educational Services	28,400		229,756
Spectrum Group International 2,4	6,925		19,944
			733,459
Hotels, Restaurants & Leisure - 0.2%
Benihana Cl. A 2	64,100		551,901
Household Durables - 2.6%
Cavco Industries 2	3,091		106,454
CSS Industries	20,243		337,653
Ethan Allen Interiors	81,600		1,110,576
Flexsteel Industries	172,500		2,584,050
Koss Corporation	73,400		431,592
Natuzzi ADR 2	409,800		1,163,832
Universal Electronics 2	47,100		771,969
			6,506,126
Internet & Catalog Retail - 1.2%
Geeknet 2	93,500		1,890,570
NutriSystem	21,800		263,998
US Auto Parts Network 2	140,900		714,363
			2,868,931
Leisure Equipment & Products - 0.3%
Leapfrog Enterprises Cl. A 2	142,400		479,888
Sturm, Ruger & Co.	12,800		332,544
			812,432
Media - 0.4%
Global Sources 2	23,411		158,492
Rentrak Corporation 2	45,000		566,550
Value Line	32,487		373,276
			1,098,318
Specialty Retail - 4.0%
America’s Car-Mart 2	92,800		2,693,056
Charming Shoppes 2	947,400		2,463,240
Dickson Concepts (International)	382,000		180,832
Le Chateau Cl. A	52,500		190,381
Lewis Group	57,000		492,558
Shoe Carnival 2	12,752		300,947
Stein Mart	178,900		1,118,125
Systemax 2	112,000		1,424,640
West Marine 2	86,000		662,200
Wet Seal (The) Cl. A 2	87,579		392,354
			9,918,333
Textiles, Apparel & Luxury Goods - 1.5%
China Xiniya Fashion ADR 2	40,000		71,600
G-III Apparel Group 2	20,700		473,202
J. G. Boswell Company 4	2,490		1,680,750
K-Swiss Cl. A 2	72,400		307,700
Movado Group	77,633		945,570
True Religion Apparel 2	12,200		328,912
			3,807,734
Total			31,487,822
Consumer Staples – 3.5%
Beverages - 0.4%
Heckmann Corporation 1,2	200,000		1,058,000
Food & Staples Retailing - 0.5%
Arden Group Cl. A	16,000		1,272,000
Food Products - 2.3%
Asian Citrus Holdings	1,060,000		490,822
Binggrae	9,700		385,552
BW Plantation	744,900		89,260
Farmer Bros. 1	51,400		283,214
Griffin Land & Nurseries	55,786		1,432,584
Origin Agritech 2	121,488		283,067
Seneca Foods Cl. A 2	51,400		1,017,720
Seneca Foods Cl. B 2	42,500		820,250
Westway Group	220,000		935,000
			5,737,469
Personal Products - 0.3%
Inter Parfums	26,400		407,880
Schiff Nutrition International Cl. A 2	15,915		176,338
			584,218
Total			8,651,687
Energy – 3.8%
Energy Equipment & Services - 3.0%
CE Franklin 2	45,450		368,599
Dawson Geophysical 1,2	53,213		1,254,763
Global Geophysical Services 2	35,000		278,950
Gulf Island Fabrication	29,116		602,119
Lamprell	202,400		808,969
North American Energy Partners 1,2	50,000		291,000
OYO Geospace 2	7,130		401,348
Pason Systems	139,200		1,769,390
Pioneer Drilling 2	57,500		412,850
SinoTech Energy ADR 1,2,3	127,000		149,860
Tesco Corporation 2	50,000		580,000
Willbros Group 2	131,100		546,687
			7,464,535
Oil, Gas & Consumable Fuels - 0.8%
Approach Resources 1,2	12,000		203,880
Credo Petroleum 1,2	98,000		816,340
Sprott Resource 2	104,400		398,512
Uranerz Energy 1,2	29,000		39,730
VAALCO Energy 2	109,100		530,226
			1,988,688
Total			9,453,223
Financials – 21.0%
Capital Markets - 8.5%
ASA Gold and Precious Metals	30,000		809,700
BKF Capital Group 2,4	130,200		169,260
Cohen & Steers	27,900		802,125
Cowen Group Cl. A 2	417,834		1,132,330
Diamond Hill Investment Group	34,479		2,392,498
Duff & Phelps Cl. A	50,000		533,000
Edelman Financial Group (The)	209,000		1,350,140
Epoch Holding Corporation	196,500		2,666,505
FBR & Co. 2	541,600		1,289,008
Fiera Sceptre	78,000		471,915
INTL FCStone 1,2	24,910		517,132
JZ Capital Partners	353,999		1,864,636
MVC Capital	141,200		1,478,364
NGP Capital Resources	159,225		1,041,332
Queen City Investments 4	948		929,040
U.S. Global Investors Cl. A	91,500		620,370
Urbana Corporation 2	237,600		222,204
Virtus Investment Partners 2	45,000		2,412,900
Westwood Holdings Group	8,800		304,040
			21,006,499
Commercial Banks - 2.6%
BCB Holdings 2	806,207		660,030
Chemung Financial	40,000		919,600
Commercial National Financial	20,000		409,800
Fauquier Bankshares	135,800		1,572,564
Financial Institutions	36,000		513,360
First Bancorp	40,200		506,118
LCNB Corporation	29,324		388,543
Orrstown Financial Services	18,500		237,725
Peapack-Gladstone Financial	124,000		1,249,920
			6,457,660
Diversified Financial Services - 0.9%
Banca Finnat Euramerica	1,310,000		630,152
Bolsa Mexicana de Valores	300,000		414,249
GAIN Capital Holdings 1,2	25,000		157,250
PICO Holdings 2	45,700		937,307
			2,138,958
Insurance - 2.4%
Hilltop Holdings 2	101,400		731,094
Independence Holding	95,800		694,550
Presidential Life	233,100		1,916,082
SeaBright Holdings	181,000		1,303,200
United Fire & Casualty	78,500		1,388,665
			6,033,591
Real Estate Investment Trusts (REITs) - 1.7%
BRT Realty Trust 2	155,099		964,716
Colony Financial	139,717		1,805,143
PennyMac Mortgage Investment Trust	80,000		1,272,000
Vestin Realty Mortgage II 2	214,230		263,503
			4,305,362
Real Estate Management & Development - 4.0%
Consolidated-Tomoka Land	62,750		1,647,815
Forestar Group 2	141,000		1,538,310
IFM Investments ADR 2	33,185		38,163
Kennedy-Wilson Holdings	465,358		4,932,795
Tejon Ranch 2	73,162		1,746,377
ZipRealty 2	25,000		36,250
			9,939,710
Thrifts & Mortgage Finance - 0.9%
Alliance Bancorp, Inc. of Pennsylvania	41,344		437,420
BofI Holding 1,2	88,362		1,189,352
CFS Bancorp	75,000		325,500
HopFed Bancorp	57,222		327,882
			2,280,154
Total			52,161,934
Health Care – 7.6%
Biotechnology - 0.5%
Acadia Pharmaceuticals 1,2	498,000		537,840
3SBio ADR 2	37,280		444,750
Vical 1,2	120,000		297,600
			1,280,190
Health Care Equipment & Supplies - 4.4%
Allied Healthcare Products 2	226,798		882,244
Atrion Corporation	6,579		1,364,419
CryoLife 2	50,573		227,073
DynaVox Cl. A 2	20,000		72,000
Exactech 2	132,100		1,859,968
Hansen Medical 1,2	87,000		288,840
Kensey Nash 1,2	42,078		1,030,911
Medical Action Industries 2	125,250		632,512
STRATEC Biomedical	14,000		547,536
Syneron Medical 2	69,200		685,772
Theragenics Corporation 2	336,900		444,708
Utah Medical Products	42,300		1,114,605
Young Innovations	61,450		1,751,325
			10,901,913
Health Care Providers & Services - 0.7%
Gentiva Health Services 2	23,000		126,960
LHC Group 2	14,800		252,488
PDI 1,2	65,383		438,066
PharMerica Corporation 2	40,000		570,800
Psychemedics Corporation	37,500		267,375
U.S. Physical Therapy	10,000		185,200
			1,840,889
Health Care Technology - 0.3%
Transcend Services 2	30,700		691,978
Life Sciences Tools & Services - 0.9%
EPS	560		1,273,352
Furiex Pharmaceuticals 2	23,758		338,077
PAREXEL International 2	28,800		545,184
			2,156,613
Pharmaceuticals - 0.8%
Adolor Corporation 2	166,300		286,036
Bukwang Pharmaceutical	24,700		317,116
Daewoong Pharmaceutical	11,904		319,807
Hi-Tech Pharmacal 2	11,700		393,120
XenoPort 1,2	122,000		719,800
			2,035,879
Total			18,907,462
Industrials – 26.0%
Aerospace & Defense - 2.2%
Astronics Corporation 2	9,117		257,555
Astronics Corporation Cl. B 2	912		25,118
CPI Aerostructures 1,2	29,900		284,349
Ducommun	72,100		1,080,058
HEICO Corporation	52,500		2,585,100
Innovative Solutions and Support 2	100,000		483,000
SIFCO Industries	45,800		839,972
			5,555,152
Air Freight & Logistics - 0.6%
Forward Air	50,700		1,290,315
Pacer International 2	35,000		131,250
			1,421,565
Building Products - 3.3%
AAON	109,500		1,724,625
American Woodmark	72,000		871,920
Apogee Enterprises	57,900		497,361
Burnham Holdings Cl. A 4	118,800		1,651,320
Griffon Corporation 2	89,500		732,110
NCI Building Systems 2	8,400		63,504
Sung Kwang Bend	28,000		352,194
Trex Company 1,2	90,000		1,442,700
WaterFurnace Renewable Energy	48,400		855,394
			8,191,128
Commercial Services & Supplies - 2.9%
CompX International Cl. A	107,500		1,365,250
Courier Corporation	30,450		199,143
Heritage-Crystal Clean 2	113,301		2,057,546
Interface Cl. A	27,000		320,220
Team 2	93,240		1,956,175
US Ecology	82,000		1,268,540
			7,166,874
Construction & Engineering - 1.1%
Comfort Systems USA	27,096		225,439
Integrated Electrical Services 2	682,700		1,413,189
MYR Group 2	28,500		502,740
Pike Electric 2	89,200		603,884
			2,745,252
Electrical Equipment - 2.5%
AZZ	16,147		626,019
Deswell Industries	564,371		1,410,927
Encore Wire	15,000		308,700
Fushi Copperweld 2	89,563		443,337
Jinpan International	119,746		950,783
LSI Industries	79,812		497,229
Powell Industries 2	42,700		1,322,419
Preformed Line Products	16,000		732,800
			6,292,214
Industrial Conglomerates - 1.1%
Raven Industries	58,400		2,814,880
Machinery - 6.3%
Armstrong Industrial	2,166,800		375,854
Cascade Corporation	8,600		287,154
CIRCOR International	14,000		411,180
Columbus McKinnon 2	26,950		295,372
Eastern Company (The)	39,750		725,438
FAG Bearings India	23,700		565,603
Force Protection 2	136,900		527,065
Foster (L.B.) Company Cl. A	66,200		1,471,626
FreightCar America 1,2	42,900		618,189
Graham Corporation	45,800		762,112
Hurco Companies 2	53,866		1,093,480
NN 2	114,300		577,215
PMFG 2	143,800		2,267,726
Semperit AG Holding	12,500		496,780
Sun Hydraulics	88,387		1,801,327
Tennant Company	92,300		3,264,651
			15,540,772
Professional Services - 3.2%
Acacia Research-Acacia Technologies 2	23,500		845,765
Advisory Board (The) 2	41,400		2,671,542
CBIZ 2	47,000		309,730
Exponent 2	58,400		2,413,672
GP Strategies 2	41,385		413,436
Heidrick & Struggles International	20,000		329,000
JobStreet Corporation	50,000		36,756
Kforce 2	60,000		588,600
On Assignment 2	41,100		290,577
			7,899,078
Road & Rail - 1.7%
Frozen Food Express Industries 2	157,000		312,430
Patriot Transportation Holding 2	111,681		2,257,073
Universal Truckload Services	134,200		1,744,600
			4,314,103
Trading Companies & Distributors - 0.7%
Aceto Corporation	72,219		382,038
Houston Wire & Cable	67,375		774,139
Lawson Products	50,269		679,637
			1,835,814
Transportation Infrastructure - 0.4%
Touax	36,814		1,083,691
Total			64,860,523
Information Technology – 21.2%
Communications Equipment - 0.8%
Bel Fuse Cl. A	67,705		1,132,705
Cogo Group 1,2	93,735		199,655
PC-Tel 2	44,100		271,215
Zhone Technologies 2	391,236		465,571
			2,069,146
Computers & Peripherals - 1.3%
Imation Corporation 1,2	112,312		821,001
Intevac 2	31,400		219,486
Rimage Corporation	79,200		1,001,880
Super Micro Computer 2	42,754		535,707
TransAct Technologies 2	78,600		644,520
			3,222,594
Electronic Equipment, Instruments & Components - 6.3%
Agilysys 2	90,000		641,700
Diploma	50,000		247,869
Domino Printing Sciences	80,000		574,305
Frequency Electronics 2	26,300		224,339
Hana Microelectronics	500,000		268,317
Hollysys Automation Technologies 2	255,000		1,489,200
Inficon Holding	5,200		758,422
Mercury Computer Systems 2	32,100		369,150
Mesa Laboratories	48,267		1,797,463
Multi-Fineline Electronix 1,2	35,100		699,894
Newport Corporation 2	80,900		874,529
Park Electrochemical	15,400		329,098
Pulse Electronics	150,000		429,000
Research Frontiers 1,2	30,150		113,967
Richardson Electronics	250,900		3,414,749
Rogers Corporation 2	58,400		2,285,192
TTM Technologies 2	114,400		1,087,944
			15,605,138
Internet Software & Services - 1.3%
Bitauto Holdings ADR 2	50,000		305,000
CryptoLogic 1,2	88,300		98,896
Marchex Cl. B	95,000		807,500
RealNetworks	93,375		787,151
Support.com 2	395,000		782,100
WebMediaBrands 2	525,000		336,000
World Energy Solutions 1,2	72,920		218,031
			3,334,678
IT Services - 4.8%
Camelot Information Systems ADS 1,2	71,500		191,620
Cass Information Systems	15,000		465,750
Computer Task Group 2	161,100		1,799,487
Forrester Research	54,900		1,784,799
iGATE Corporation 1,2	81,200		937,048
Innodata Isogen 2	591,406		1,744,648
Sapient Corporation	350,000		3,549,000
Tier Technologies 1,2	340,000		1,254,600
Yucheng Technologies 2	111,844		317,637
			12,044,589
Semiconductors & Semiconductor Equipment - 4.0%
Advanced Energy Industries 2	46,600		401,692
Alpha & Omega Semiconductor 2	202,400		1,661,704
Amtech Systems 1,2	22,700		181,600
Axcelis Technologies 2	900,000		1,080,000
Exar Corporation 2	367,508		2,098,471
GSI Technology 2	85,800		422,136
Himax Technologies ADR	87,768		97,422
Integrated Silicon Solution 2	98,800		771,628
MoSys 1,2	360,000		1,317,600
Photronics 1,2	99,900		497,502
PLX Technology 2	310,000		933,100
Rudolph Technologies 2	58,900		394,041
			9,856,896
Software - 2.7%
ACI Worldwide 2	69,600		1,916,784
Actuate Corporation 2	165,800		915,216
American Software Cl. A	63,800		462,550
Convio 2	30,300		254,823
Fundtech	73,500		1,696,380
Pegasystems	49,000		1,499,890
			6,745,643
Total			52,878,684
Materials – 9.0%
Chemicals - 2.9%
Balchem Corporation	63,375		2,364,521
Hawkins	54,697		1,741,553
Landec Corporation 2	60,300		320,796
Quaker Chemical	66,200		1,715,904
Zoltek Companies 2	180,000		1,157,400
			7,300,174
Construction Materials - 0.9%
Ash Grove Cement 4	8,000		1,128,000
Monarch Cement	52,303		1,098,363
			2,226,363
Metals & Mining - 4.4%
AuRico Gold 2	74,636		701,578
Aurizon Mines 1,2	47,000		238,290
Central Steel & Wire 4	1,088		688,704
Endeavour Mining 1,2	652,500		1,245,348
Endeavour Mining (Warrants) 2	50,000		26,243
Exeter Resource 1,2	140,000		508,200
Extorre Gold Mines 2	140,000		826,000
Haynes International	10,100		438,845
Horsehead Holding Corporation 2	43,700		324,254
MAG Silver 1,2	74,750		586,040
Materion Corporation 1,2	27,000		612,360
Midway Gold 1,2	345,000		693,450
Minefinders Corporation 1,2	36,000		501,120
Northgate Minerals 2	250,000		825,000
RTI International Metals 2	25,000		583,000
Seabridge Gold 2	16,700		375,416
Synalloy Corporation 2	58,200		640,200
Universal Stainless & Alloy Products 1,2	36,299		922,721
Vista Gold 1,2	50,000		167,000
			10,903,769
Paper & Forest Products - 0.8%
Pope Resources L.P.	42,205		1,694,953
Qunxing Paper Holdings 3	1,500,000		198,397
			1,893,350
Total			22,323,656
Utilities – 0.1%
Independent Power Producers & Energy Traders - 0.1%
China Hydroelectric ADS 2	83,100		172,848
Total			172,848
Miscellaneous 5 – 4.8%
Total			12,063,527
TOTAL COMMON STOCKS
(Cost $257,114,752)			272,961,366
PREFERRED STOCK – 0.4%
Seneca Foods Conv. 2,4
(Cost $578,719)	45,409		895,919
REPURCHASE AGREEMENT – 14.0%
Fixed Income Clearing Corporation,
0.01% dated 9/30/11, due 10/3/11,
maturity value $34,870,029 (collateralized
by obligations of various U.S. Government
Agencies, 1.75% due 8/22/12, valued at
$35,743,225)
(Cost $34,870,000)			34,870,000
COLLATERAL RECEIVED FOR SECURITIES LOANED – 3.7%
Money Market Funds
Federated Government Obligations Fund
(7 day yield-0.0105%)
(Cost $9,182,346)			9,182,346
TOTAL INVESTMENTS – 127.7%
(Cost $301,745,817)			317,909,631
LIABILITIES LESS CASH AND OTHER ASSETS – (3.6)%			(8,900,599	)
PREFERRED STOCK – (24.1)%			(60,000,000	)
NET ASSETS APPLICABLE TO COMMON STOCKHOLDERS – 100.0%		$	249,009,032

1	All or a portion of these securities were on loan at September 30, 2011. Total market value of loaned securities at September 30, 2011, was $8,353,739.
2	Non-income producing.
3	Securities for which market quotations are not readily available represent 0.2% of net assets. These securities have been valued at their fair value under procedures approved by the Fund’s Board of Directors. These securities are defined as Level 3 securities due to the use of significant unobservable inputs in the determination of fair value.
4	These securities are defined as Level 2 securities due to fair value being based on quoted prices for similar securities.
5	Includes securities first acquired in 2011 and less than 1% of net assets applicable to Common Stockholders.

TAX INFORMATION: The cost of total investments for Federal income tax purposes was $302,404,845. At September 30, 2011, net unrealized appreciation for all securities was $15,504,786, consisting of aggregate gross unrealized appreciation of $66,309,866 and aggregate gross unrealized depreciation of $50,805,080. The primary difference between book and tax basis cost is the timing of the recognition of losses on securities sold.

Valuation of Investments:
Investment transactions are accounted for on the trade date. Securities are valued as of the close of trading on the New York Stock Exchange (NYSE) (generally 4:00 p.m. Eastern time) on the valuation date. Securities that trade on an exchange, and securities traded on Nasdaq’s Electronic Bulletin Board, are valued at their last reported sales price or Nasdaq official closing price taken from the primary market in which each security trades or, if no sale is reported for such day, at their bid price. Other over-the-counter securities for which market quotations are readily available are valued at their highest bid price, except in the case of some bonds and other fixed income securities which may be valued by reference to other securities with comparable ratings, interest rates and maturities, using established independent pricing services. The Fund values its non-U.S. dollar denominated securities in U.S. dollars daily at the prevailing foreign currency exchange rates as quoted by a major bank. Securities for which market quotations are not readily available are valued at their fair value under procedures approved by the Fund’s Board of Directors. In addition, if, between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. The Fund uses an independent pricing service to provide fair value estimates for relevant non-U.S. equity securities on days when the U.S. market volatility exceeds a certain threshold. This pricing service uses proprietary correlations it has developed between the movement of prices of non-U.S. equity securities and indices of U.S.-traded securities, futures contracts and other indications to estimate the fair value of relevant non-U.S. securities. When fair value pricing is employed, the prices of securities used by the Fund may differ from quoted or published prices for the same security. Investments in money market funds are valued at net asset value per share.

Various inputs are used in determining the value of the Fund’s investments, as noted above. These inputs are summarized in the three broad levels below:
	Level 1 –	quoted prices in active markets for identical securities.
	Level 2 –	other significant observable inputs (including quoted prices for similar securities, foreign securities that may be fair valued and repurchase agreements). The table below includes all Level 2 securities. Level 2 securities with values based on quoted prices for similar securities are noted in the Schedule of Investments.
	Level 3 –	significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2011. For a detailed breakout of common stocks by sector classification, please refer to the Schedule of Investments.

	Level 1		Level 2		Level 3		Total
Common stocks	$	241,850,790	$	30,726,158	$	384,418	$	272,961,366
Preferred stocks		–		895,919		–		895,919
Cash equivalents		9,182,346		34,870,000		–		44,052,346
Level 3 Reconciliation:

Realized and

Balance as of

Unrealized

12/31/10

Purchases

Transfers Out

Sales

Gain (Loss)

Balance as of 9/30/11

Common stocks

$36,229

$1,044,440

$–

$–

$(696,251)

$384,418

Repurchase Agreements:
The Fund may enter into repurchase agreements with institutions that the Fund’s investment adviser has determined are creditworthy. The Fund restricts repurchase agreements to maturities of no more than seven days. Securities pledged as collateral for repurchase agreements, which are held until maturity of the repurchase agreements, are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). Repurchase agreements could involve certain risks in the event of default or insolvency of the counter-party, including possible delays or restrictions upon the ability of the Fund to dispose of its underlying securities.

Securities Lending:
The Fund loans securities to qualified institutional investors for the purpose of realizing additional income. Collateral for the Fund on all securities loaned is accepted in cash and cash equivalents and invested temporarily by the custodian. The collateral maintained is at least 100% of the current market value of the loaned securities. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund retains the risk of any loss on the securities on loan as well as incurring the potential loss on investments purchased with cash collateral received for securities lending.

Other information regarding the Fund is available in the Fund’s most recent Report to Stockholders. This information is available through The Royce Funds (www.roycefunds.com) and on the Securities and Exchange Commission’s website (www.sec.gov).

Item 2 - Controls and Procedures

(a) The Registrant’s principal executive and principal financial officers have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report (as required by Rule 30a-3(b) under the Investment Company Act of 1940 (the “Act”)), that the Registrant’s disclosure controls and procedures (as defined by Rule 30a-3(c) under the Act) are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the internal control over financial reporting.

Item 3 - Exhibits
Certifications pursuant to Rule 30a-2(a) under the Act are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Royce Micro-Cap Trust, Inc.
By:

/s/ Charles M. Royce
Charles M. Royce
President, Royce Micro-Cap Trust, Inc.
Date: November 16, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:

/s/ Charles M. Royce
Charles M. Royce
President, Royce Micro-Cap Trust, Inc.
Date: November 16, 2011

By:

/s/ John D. Diederich
John D. Diederich
Treasurer, Royce Micro-Cap Trust, Inc.
Date: November 16, 2011