MV Oil Trust — Director's Dealing 2007

Jan 31, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MV Oil Trust (MVO)
CIK: 0001371782
Period of Report: 2007-01-31

Reporting Person: VAP I LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-31	Trust Units	S	281250	$18.70	Disposed	1437500	Direct

Footnotes

F1: In connection with the initial public offering of MV Oil Trust, VAP-I, LLC sold 281,250Trust Units to the underwriters thereof at $18.70 per Trust Unit.