6-K

                                   FORM 6-K

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                           Report of Foreign Issuer


                     Pursuant to Rule 13a-16 or 15d-16 of
                      the Securities Exchange Act of 1934

                          for the month of May, 2001
                                           ---



                           FANTOM TECHNOLOGIES INC.
    ----------------------------------------------------------------------
                (Translation of registrant's name into English)



                               1110 Hansler Road
                       Welland, Ontario, Canada L3B 5S1
    ----------------------------------------------------------------------
                   (Address of principal executive offices)


          Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.


          Form 20-F    X        Form 40-F   _______
                     -----

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2 under the Securities Exchange Act of 1934.

          Yes  _________        No    X
                                    ------

          If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
82-___________


                                  SIGNATURES


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



                                    FANTOM TECHNOLOGIES INC.


Date:  May 7, 2001                  by:  "Walter J. Palmer"
                                       -------------------------
                                         Walter J. Palmer
                                         Secretary


                                   ITEM LIST


1.   Press Release dated May 4, 2001

EX-99

                                                                      EXHIBIT 99

                                                                    NEWS RELEASE

- --------------------------------------------------------------------------------
                      Fantom Technologies Inc. Announces
                              New Credit Facility
                          ~Also Estimates Q3 Results


TORONTO, May 4, 2001 - Fantom Technologies Inc. (TSE: FTM; NASDAQ: FTMTF) today
announced that it has entered into a new secured, non-revolving, term credit
facility with Trimin Capital Corp. for $10 million.  This facility, which is in
addition to the existing $30 million demand operating facility with The Bank of
Nova Scotia, will become due on March 31, 2002.  The Company has drawn $3
million against this new facility and the balance of $7 million is available in
$1 million increments.

In conjunction with the new facility, the Company has issued to Trimin a warrant
expiring on May 4, 2004 to purchase the Company's common shares.  Each advance
of $1 million under the credit facility entitles Trimin to purchase 60,000
common shares to a maximum of 600,000 common shares if the full $10 million is
advanced.

The new facility will provide additional working capital to assist the Company
in introducing its planned range of innovative new products.

The Company also announced that, although its financial results for the fiscal
quarter ended March 31, 2001 have not yet been finalized, it is expecting to
incur a loss of approximately $7 million for the period on an after-tax basis.
Financial results are expected to be released next week.  The after-tax loss
from ongoing operations is anticipated to be approximately $4 million as the
Company continues to experience significant competitive pressures in its floor-
care business.  In addition, the Company expects to  incur, or accrue for, costs
of approximately $2 million after tax related to the transition to its new
products.  The anticipated quarterly loss also includes a $1 million after-tax
charge resulting from the devaluation of the Canadian dollar relative to the
U.S. dollar.

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During the fiscal quarter ended March 31, 2001, the Company changed its method
of accounting for sales returns on shipments to customers.  The Company now
reduces sales and earnings based on its best estimate of what goods will be
returned by its customers.  Previously, sales returns were recorded as they
occurred.  This accounting change will be applied by retroactively restating the
financial statements of prior periods.  The impact of this accounting change is
not expected to have a material impact on fiscal 2000 and 2001 earnings.

The Company's introduction of its first water-treatment entry - the FANTOM(R)
CALYPSO(TM) Microbiological Water Processor - is underway.  Shipments have
commenced in Canada, and will begin to the United States following Underwriters
Laboratories Inc. approval, which is anticipated in the current quarter.  This
approval will permit the Company to market its CALYPSO(TM) machine in 48 of the
50 states.  Two states, Iowa and California, have separate certification
requirements that the Company is continuing to pursue.

Within the floor-care field, the Company has commenced production of enhanced
versions of two of its existing uprights under the CROSSWIND(R) trademark.
These pearl-blue products, a departure from Fantom's traditional black vacuums,
feature new, proprietary technology providing improved performance, and
incorporate a filtration system requiring no replacement parts.

The Company is also about to introduce an entirely new upright vacuum under the
WILDCAT(TM) trademark.  This product will be offered in striking new colours and
will be the Company's most powerful, yet lightest vacuum.  The WILDCAT(TM)
product is positioned to sell at higher retail price points than the Company's
current range of uprights and will be supported by national television
advertising in the United States and Canada.

In late summer, the Company plans to expand its line further with the launch of
its full-performance wireless vacuum.  When all of these floor-care
introductions are complete, the Company will have a much broader assortment of
vacuum products, available in a variety of colours and industrial designs, and
spanning a wide range of retail price points.

The foregoing information includes certain statements relating to the Company
which are forward-looking statements under Section 21E of the United States
Securities Exchange Act of 1934. The words "planned", "expecting", "anticipated"
and similar expressions, as they relate to the Company or its management, are

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intended to identify forward-looking statements. Such statements are based on
assumptions made by, and information available to, the Company. However, there
are important factors that could cause actual results to differ materially from
those in such forward-looking statements including, among others, the
contingencies arising from the uncertainties which are inherent in the
development of new technology and the unanticipated costs and time delays which
often arise in the process of developing new products based on innovative
technology. The Company does not intend, and assumes no obligation, to update
the forward-looking statements to reflect actual results, changes in assumptions
or changes in other factors affecting such statements.


For more information, please contact:

Allan Millman
President & CEO
416-622-9740 Ext. 232

Steve Doorey
Vice President, CFO
905-734-7476 Ext. 281

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