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(f) of the Investment Company Act of 1940	OMB APPROVAL
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(Print or Type Responses)

1. Name and Address of Reporting Person*      Valles        Jean-Paul	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      Officer (give            ____ Other (specify               title below)                         below)
(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/Year August 2002
(Street)  New York,             NY               10174		5. If Amendment,     Date of Original    (Month/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)	3. Transaction     Code         (Instr. 8)		4. Securities Acquired (A)     or Disposed of (D)    (Instr. 3, 4, and 5)			5. Amount of     Securities     Beneficially     Owned at     End of Month    (Instr. 3 and     4)	6. Owner-    ship Form:    Direct (D) or     Indirect (I)    (Instr. 4)	7. Nature of     Indirect     Beneficial     Ownership    (Instr. 4)
		Code	V	Amount	(A) or (D)	Price

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).
	Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.	(Over) SEC 1474 (3-99)

FORM 4 (continued)
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. Conver-     sion or     Exercise     Price of     Derivative     Security

3. Trans-     action     Date     (Month/     Day/     Year)

4. Trans-     action     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 at    End of    Month    (Instr. 4)

10. Owner-       ship       Form of       Derivative       Security:       Direct (D)       or Indirect       (I)       (Instr. 4)

11. Nature       of       Indirect       Beneficial       Owner-       ship       (Instr. 4)

Code

V

(A)

(D)

Date Exer- cisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock Units

1 for 1

6/14/02

A

--

1.016

--

*

*

Common Stock

1.016

49.62

--

D

--

Phantom Stock Units

1 for 1

7/1/02

A

--

55.758

--

*

*

Common Stock

55.758

49.32

--

D

--

Phantom Stock Units

1 for 1

7/1/02

A

--

16.250

--

*

*

Common Stock

16.250

48.99

--

D

--

Phantom Stock Units

1 for 1

7/25/02

A

--

53.981

--

*

*

Common Stock

53.981

37.05

--

D

--

Phantom Stock Units

1 for 1

8/6/02

A

--

55.633

--

*

*

Common Stock

55.633

35.95

2197.747

D

--

Explanation of Responses:
*	The Phantom Stock Units were accrued under the Minerals Technologies Inc. Non-Funded Deferred Compensation and Unit Award Plan for Non-Employee Director's and are to be settled in cash upon the reporting person's retirement.

		S. Garrett Gray for Jean-Paul Valles	August 12 , 2002
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	Jean-Paul Valles **Signature of Reporting Person	Date
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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