8-K

                                 FORM 8-K

                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                              Current Report
                      Pursuant to Section 13 or 15(d)
                  of the Securities Exchange Act of 1934

                            January 30, 2001
               Date of Report (Date of earliest event reported)

                              MPM Technologies, Inc.
          (Exact name of registrant as specified in its charter)


                     Washington              0-14910          81-0436060
                    (State or other       (Commission      (IRS Employer
                    jurisdiction of       File Number)     Identification No.)
                    incorporation)


               222 W. Mission Ave., Suite 30, Spokane, WA           99201
                (Address of principal executive offices)         (Zip Code)


       Registrant's telephone number including area code  (509) 326 3443


                (Former name or address, if changed since last report)



     ITEM 1.  CHANGES IN CONTROL OF REGISTRANT


     ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS


     ITEM 3.  BANKRUPTCY OR RECEIVERSHIP


     ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
     The Company announced the departure of President and dispute with financial
     advisor.  A copy of such press release is attached hereto as Exhibit 1.

     ITEM 5.  OTHER EVENTS


     ITEM 6.  RESIGNATION OF A REGISTRANT'S DIRECTOR


     ITEM 7.  FINANCIAL STATEMENTS.  PRO FORMA FINANCIAL INFORMATION
              AND EXHIBITS

            (a).  Financial Statements of business acquired

            (b).  Pro forms financial information

            (c).  Exhibits
               Press Release dated January 30, 2001




                                    SIGNATURE(S)


     Pursuant to the requirements of the Securities Exchange Act of 1934,
     registrant has duly caused this report to be signed on its behalf by the
     undersigned thereunto duly authorized.



                                              MPM Technologies Inc.


          January 30, 2001                          /s/Robert D. Little
              (Date)                               ------------------------
                                                    Robert D. Little
                                                    Secretary

EX-10

     Exhibit 1

     NEWS RELEASE MPM TECHNOLOGIES INC.


                        MPM ANNOUNCES DEPARTURE OF PRESIDENT
                         AND DISPUTE WITH FINACIAL ADVISOR.


     Spokane, WA - January 30, 2001, - MPM Technologies, Inc. (NASDAQ: MPML)
     announced today that it has terminated for cause Return on Equity (ROE), a
     merchant bank engaged by MPM to provide consulting services and identify
     and structure one or more mergers or acquisitions.  Joseph Kilraine has
     returned to ROE.  In the interim, Michael Luciano, MPM's Chairman of the
     Board and Chief Executive Officer, has assumed Mr. Kilraine's
     responsibilities as President and Chief Operating Officer of MPM.

     Michael Luciano stated that after announcing the restructuring of the
     acquisition of ST2EP, LLC on December 29, 2000, ROE had taken a series of
     actions that caused MPM to reconsider the proposed business combinations.
     Mr. Luciano stated that MPM intends to undertake further due diligence and
     discussions to restructure the ST2EP transaction, and explore with ST2EP,
     LLC a possible transaction on different terms, which are advantageous to
     MPM and its stockholders.

     Mr. Michael Porter, President of ST2EP, LLC, stated, "ST2EP is fully
     committed to finalizing our agreement during the restructure discussions
     with MPM Technologies."

     This press release contains forward-looking statements within the meaning
     of the Private Securities Litigation Reform Act of 1995.  These statements
     are based on current plans and expectations of MPM and involve risks and
     uncertainties that could cause actual future activities and results of
     operations to be materially different from those set forth in the forward-
     looking statements.  Important factors that could cause actual results to
     differ include, among others, reliance by MPM on representations by ROE in
     connection with the ST2EP transaction, the fact that there is no assurance
     that any restructured transaction will be consummated, the risks
     associated with the ability of MPM to continue its expansion strategy,
     variations in stocks prices, general market conditions, and competition
     and pricing, all of which involve risks and uncertainties that could cause
     actual future activities and results of operations to be materially
     different from those set forth in the forward-looking statements.  MPM
     expressly disclaims any intent or obligation to update these forward-
     looking statements.

     For more information, contact:
     Robert D. Little
     Tel: (509) 326-3443
     Fax: (509) 326-3228
     e-mail: info@mpmtech.com