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

                             FORM 13F

                       FORM 13F Cover Page



            Report for the Calendar Year or Quarter Ended June
30, 2002

Check here if Amendment:           |_|; Amendment Number: ____

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

Institutional Manager Filing this Report:

Name:     Milbank Winthrop & Co. Inc.

Address:  654 Madison Avenue, Suite 1550
          New York, New York  10021


13F File Number: 28-04023

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:     Janice Bennett
Title:    Principal
Phone:    (212) 480-2500


Signature, Place and Date of Signing:

/s/ Janice Bennett            New York, New York         August 1, 2002
-----------------------   --------------------------  ----------------------
     [Signature]                [City, State]               [Date]



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: [If there areno entries in this list, omit this section.] Form 13F File Number Name 28- ----------------------- -------------------------- [Repeat as necessary.]

Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 83 Form 13F Information Table Value Total: $127,164,765 List of Other Included Managers: None Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

<TABLE> FORM 13F MILBANK WINTHROP & CO. JUNE 30, 2002 <CAPTION> COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> 3M COMPANY COM COMMON 88579Y101 1,522,125 12,375 X 12,375 0 0 ABBOTT LABS COMMON 002824100 238,437 6,333 X 6,333 0 0 ADVANCED VIRAL RESH C COMMON 007928104 1,839 10,700 X 10,700 0 0 AEGON N V - ORD AMER COMMON 007924103 273,972 13,463 X 13,463 0 0 AFLAC INC COMMON 001055102 3,691,168 115,349 X 115,349 0 0 AMERICAN EXPRESS CO COMMON 025816109 4,186,824 115,276 X 115,276 0 0 AMERICAN INTL GROUP I COMMON 026874107 2,811,349 41,204 X 41,204 0 0 AOL TIME WARNER COMMON 00184A105 2,153,544 146,400 X 146,400 0 0 AT & T CORP. COMMON 001957109 695,457 64,996 X 64,996 0 0 AT & T WIRELESS COMMON 00209A106 141,096 24,119 X 24,119 0 0 BANK NEW YORK INC COMMON 064057102 356,332 10,558 X 10,558 0 0 BELLSOUTH CORP COMMON 079860102 2,088,954 66,316 X 66,316 0 0 BELO CORPORATION COMMON 080555105 1,996,463 88,300 X 88,300 0 0 BERKSHIRE HATHAWAY IN COMMON 084670108 868,400 13 X 13 0 0 BP AMOCO ADS COMMON 055622104 2,371,970 46,979 X 46,979 0 0 BRIGGS & STRATTON COR COMMON 109043109 389,534 10,160 X 10,160 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 2,054,818 79,954 X 79,954 0 0 CARNIVAL CORP CL A COMMON 143658102 2,871,453 103,700 X 103,700 0 0 CATERPILLAR INC COMMON 149123101 239,659 4,896 X 4,896 0 0 CHEVRONTEXACO CORPORA COMMON 166764100 1,221,389 13,801 X 13,801 0 0 CHUBB CORP COMMON 171232101 3,768,684 53,230 X 53,230 0 0 CISCO SYS INC COMMON 17275R102 231,417 16,589 X 16,589 0 0 CITIGROUP INC. COMMON 172967101 4,821,004 124,413 X 124,413 0 0 COCA COLA CO COMMON 191216100 1,769,040 31,590 X 31,590 0 0 DEERE & CO COMMON 244199105 1,269,350 26,500 X 26,500 0 0 DISNEY WALT PRODTNS COMMON 254687106 260,858 13,802 X 13,802 0 0 DOVER CORP COMMON 260003108 2,975,000 85,000 X 85,000 0 0 DU PONT E I DE NEMOUR COMMON 263534109 289,399 6,518 X 6,518 0 0 ELECTRONIC DATA SYSTE COMMON 285661104 238,317 6,415 X 6,415 0 0 EMERSON ELEC CO COMMON 291011104 341,073 6,374 X 6,374 0 0 EXXON MOBIL CORPORATI COMMON 30231G102 9,398,055 229,669 X 229,669 0 0 FEDERAL HOME LOAN MTG COMMON 313400301 1,989,000 32,500 X 32,500 0 0 FEDERAL NAT MORTGAGE COMMON 313586109 1,921,188 26,050 X 26,050 0 0 FORD MTR CO DEL COM P COMMON 345370860 1,267,280 79,205 X 79,205 0 0 GANNETT INC DEL COMMON 364730101 340,715 4,489 X 4,489 0 0 GEMSTAR TV GUIDE INTE COMMON 36866W106 107,002 19,852 X 19,852 0 0 GENERAL ELECTRIC COMP COMMON 369604103 4,534,589 156,096 X 156,096 0 0 GILLETTE CO COMMON 375766102 546,492 16,135 X 16,135 0 0 INTEL CORP COMMON 458140100 510,628 27,949 X 27,949 0 0 INTERNATIONAL BUSINES COMMON 459200101 556,488 7,729 X 7,729 0 0 INTERPUBLIC GROUP COS COMMON 460690100 1,260,259 50,899 X 50,899 0 0 JEFFERSON PILOT CORP COMMON 475070108 282,000 6,000 X 6,000 0 0 JOHNSON & JOHNSON COMMON 478160104 2,567,743 49,134 X 49,134 0 0 LEHMAN BROS HLDGS INC COMMON 524908100 475,152 7,600 X 7,600 0 0 LIBERTY MEDIA CORP SE COMMON 530718105 1,541,840 154,184 X 154,184 0 0 LOEWS CORP COMMON 540424108 231,566 4,370 X 4,370 0 0 MCGRAW HILL INC COMMON 580645109 229,427 3,843 X 3,843 0 0 MEDIA GENERAL INC. CL COMMON 584404107 4,902,000 81,700 X 81,700 0 0 MELLON FINL CORP COMMON 58551A108 381,246 12,130 X 12,130 0 0 MEMBERWORKS INC COMMON 586002107 894,443 48,270 X 48,270 0 0 MERCK & CO COMMON 589331107 3,747,461 74,002 X 74,002 0 0 MICROSOFT CORP COMMON 594918104 566,145 10,350 X 10,350 0 0 MOTOROLA INC COMMON 620076109 297,680 20,403 X 20,403 0 0 NESTLE SA SPONSORED A COMMON 641069406 349,740 6,000 X 6,000 0 0 NORTHERN TRUST CORP COMMON 665859104 1,368,239 31,054 X 31,054 0 0 NUI HLDG CO COMMON 629431107 541,942 19,707 X 19,707 0 0 ORACLE CORP COMMON 68389X105 671,309 70,888 X 70,888 0 0 PEPSICO INC COMMON 713448108 369,212 7,660 X 7,660 0 0 PFIZER INC COMMON 717081103 2,036,720 58,192 X 58,192 0 0 PHARMACIA CORP COMMON 71713U102 291,661 7,788 X 7,788 0 0 PHILIP MORRIS COS INS COMMON 718154107 458,247 10,491 X 10,491 0 0 POTASH CORP SASK INC COMMON 73755L107 3,661,830 54,900 X 54,900 0 0 PROCTER & GAMBLE CO COMMON 742718109 3,849,634 43,109 X 43,109 0 0 PROVIDIAN FINL CORP COMMON 74406A102 119,364 20,300 X 20,300 0 0 QUALCOMM INC COMMON 747525103 319,434 11,620 X 11,620 0 0 READERS DIGEST ASSN I COMMON 755267101 2,084,649 111,300 X 111,300 0 0 REGIS CORP MINN COMMON 758932107 7,138,144 264,180 X 264,180 0 0 ROYAL DUTCH PETRO-NY COMMON 780257804 2,574,034 46,572 X 46,572 0 0 SBC COMMUNICATIONS, I COMMON 78387G103 225,913 7,407 X 7,407 0 0 SCHLUMBERGER COMMON 806857108 1,194,957 25,698 X 25,698 0 0 SIGMA ALDRICH CORP COMMON 826552101 3,916,715 78,100 X 78,100 0 0 TEXAS INSTRUMENTS INC COMMON 882508104 398,160 16,800 X 16,800 0 0 TYCO INTL LTD NEW COMMON 902124106 1,006,144 74,474 X 74,474 0 0 U S BANCORP COMMON 902973304 643,363 27,553 X 27,553 0 0 VERIZON COMMUNICATION COMMON 92343V104 248,689 6,194 X 6,194 0 0 VIACOM INC CL B COMMON 925524308 4,497,654 101,367 X 101,367 0 0 VODAFONE GROUP PLC COMMON 92857W100 557,848 40,868 X 40,868 0 0 WACHOVIA GROUP COMMON 929903102 596,486 15,623 X 15,623 0 0 WELLS FARGO NEW COMMON 949746101 1,230,174 24,574 X 24,574 0 0 WILMINGTON TR CORP COMMON 971807102 1,726,300 56,600 X 56,600 0 0 WORLD ACCESS INC COMMON 98141A101 26 26,105 X 26,105 0 0 WYETH COMMON 983024100 276,275 5,396 X 5,396 0 0 ZEMEX CDA CORP COMMON 988910105 124,574 18,733 X 18,733 0 0 TOTAL 127,164,765 </TABLE> 00146.0001 #340804