FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 
Section 17(a) of the Public Utility Holding Company Act of 1935 or 
Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*

Saueracker,  Paul                R.

 2. Issuer Name and Ticker or Trading Symbol

   Minerals Technologies Inc. (MTX)

6. Relationship of Reporting Person(s) to Issuer
 (Check all applicable)
   X    Director                              10% Owner
   X    Officer (give                       Other (specify
           title below)                           below)

Chairman and Chief Executive Officer
________________________________________________                    

       (Last)              (First)              (Middle)

           Minerals Technologies Inc.
              405 Lexington Avenue		 3. I.R.S. Identification Number
of Reporting Person, if an
entity (voluntary)
 4. Statement for
 Month/Day/Year

February 5, 2003

                            (Street)

  New York,             NY               10174 

5. If Amendment, 
 Date of Original
 (Month/Day/Year)

 7. Individual or Joint/Group Filing (Check Applicable Line)
   X    Form filed by One Reporting Person
         Form filed by More than One Reporting Person
       (City)                       (State)                  (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Transaction Date
(Month/Day/Year)

2A. Deemed Execution Date, 
if any
(Month/Day/Year)

3. Transaction Code
(Instr. 8)

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction)
(Instr. 3 and 4)

 

6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)

7. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A) or (D)

Price

Common Stock 2/5/03 2/5/03 G V 100 D -- 18,311 -- -- --
                       
                       
                       
                       
                       
                       
                       
                       

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr.3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date
(Month/Day/
Year)

3A. Deemed Execution Date, 
if any
(Month/Day/
Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)

11. Nature of 
Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

                               
                               
                               
                               
                               
Explanation of Responses:

*

 

 

Linda Buggeln for Paul R. Saueracker February 6, 2003
Paul R. Saueracker
**Signature of Reporting Person		 Date

Reminder:

Report on a separate line for each class of securities beneficially owned directly or indirectly.

*

If the form is filed by more than one reporting person, see Instructions 4(b)(v).

**

Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:

File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.