X0202 4 2006-01-03 0 0000914713 MILLS CORP MLS 0001248215 VON PERFALL FRANZ C/O KAN AM 3290 NORTHSIDE PARKWAY, SUITE 825 ATLANTA GA 30327 1 0 0 0 Units 2006-01-03 4 J 0 43992 A Common Stock 43992 254501 D Units represent limited partnership interests in The Mills Limited Partnership, the operating partnership of the Issuer and of which the Issuer is the sole general partner and majority unit holder. The units are currently exchangeable for either common stock on a 1-for-1 basis or cash value of such common stock. The Issuer has the right to elect whether to issue common stock or pay cash. No expiration dates exists for the right to convert the units to common stock. The reporting owner received 18,901 Units from Kan Am USA VIII Limited Partnership and 25,091 Units from Kan Am USA IX Limited Partnership for a total of 43,992 Units. /s/ T. Kent Hammond, as attorney-in-fact 2006-01-05