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About The Good, the Bad and the Ugly (theme) : Ennio Morricone composed the instrumental piece . A cover version by Hugo Montenegro in 1968 was a pop hit in both the U.S. and the Ugly . Ennio Morricone has composed music for hundreds of films . In the 1960s, director Sergio Leone asked him to compose music for one of his films, A Fistful of Dollars . This led to a collaboration between the two on future Leone films . Composer Hugo Montenegro created a cover version of The Good, the Bad and the Ugly theme . Montenegro's version was done in one day at RCA . It was released in 1968.