SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, D.C.  20549
                        FORM 10-Q

X      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
           OF THE SECURITIES EXCHANGE ACT OF 1934

       For the quarterly period ended March 30, 1997

                           OR

      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
           OF THE SECURITIES EXCHANGE ACT OF 1934

              COMMISSION FILE NUMBER 1-3295

                           --

               MINERALS TECHNOLOGIES INC.
    (Exact name of registrant as specified in its charter)


       DELAWARE                           25-1190717
(State or other jurisdiction of       (I.R.S. Employer
incorporation or organization)        Identification No.)

      405 Lexington Avenue, New York, New York 10174-1901
  (Address of principal executive offices, including zip code)

                     (212) 878-1800
     (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that registrant was required to file such
reports) and (2) has been subject to such filing requirements for
the past 90 days.

              YES      X               NO  
                   ---------                ---------             

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

          CLASS                  OUTSTANDING AT April 21, 1997
Common Stock, $.10 par value               22,586,918   
   


                   MINERALS TECHNOLOGIES INC.
   
                      INDEX TO FORM 10-Q
   
   
   
                                                      Page No.
                                                      --------
   PART I.   FINANCIAL INFORMATION
   
   Item 1.
   
      Financial Statements:
   
      Condensed Consolidated Statement of Income for 
      the three-month periods ended March 30, 1997 
      and March 31, 1996                                  3
   
      Condensed Consolidated Balance Sheet as of 
      March 30, 1997 and December 31, 1996                4
   
      Condensed Consolidated Statement of Cash Flows 
      for the three-month periods ended March 30, 1997 
      and March 31, 1996                                  5
   
      Notes to Condensed Consolidated Financial 
      Statements                                          6
   
   
      Independent Auditors' Report                        7
   
   Item 2.
   
      Management's Discussion and Analysis of 
      Financial Condition and Results of Operations       8
   
   
   PART II.   OTHER INFORMATION
   
   Item 1.
   
      Legal Proceedings                                   9
   
   Item 6.
   
      Exhibits and Reports on Form 8-K                    9
   
   Signature                                             10
   
   
                         2
   
   
   
   
   PART I.   FINANCIAL INFORMATION
   
   
   ITEM 1.   FINANCIAL STATEMENTS
   
   
         MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
             CONDENSED CONSOLIDATED STATEMENT OF INCOME
                            (Unaudited)
   
   
   (in thousands,                         Three Months Ended
   except per share data)               ----------------------
                                        March 30,    March 31, 
                                          1997        1996
                                        ---------    --------- 
   
   Net sales                            $137,626     $128,109 
   Operating costs and expenses:
     Cost of goods sold                   97,101       93,077
     Marketing, distribution and
      administrative expenses             18,329       17,100
     Research and development expenses     5,045        4,831
                                         -------      -------
   Income from operations                 17,151       13,101
   Non-operating deductions, net           1,469          788
                                         -------      -------
   Income before provision for taxes
    on income and minority interests      15,682       12,313
   Provision for taxes on income           5,017        4,000
   Minority interests                         97         (234)
                                         -------      -------
   Net income                           $ 10,568     $  8,547
                                         =======      =======
       
   Earnings per common share            $   0.47     $   0.38
                                         =======      =======
   
   Cash dividends declared per 
    common share                        $  0.025     $  0.025
                                         =======      =======
   
   Weighted average number of common 
    shares outstanding                    22,588       22,637
                                         =======      =======
   
   
   See accompanying Notes to Condensed Consolidated Financial
   Statements.
      

                     3
   
   
   
   
      MINERALS  TECHNOLOGIES  INC.  AND  SUBSIDIARY  COMPANIES
              CONDENSED  CONSOLIDATED  BALANCE  SHEET
   
   
                            ASSETS
   
   (thousands of dollars)               March 30,   December 31,
                                          1997*       1996**
                                        ---------   -----------
   Current assets:
     Cash and cash equivalents          $ 15,726     $ 15,446
     Accounts receivable, net            104,988      102,494
     Inventories                          66,262       70,438
     Other current assets                 15,316       13,902
                                         -------      -------
       Total current assets              202,292      202,280
   Property, plant and equipment, 
    less accumulated depreciation 
    and depletion - March 30, 1997 
    -$320,462; Dec. 31, 1996-$311,815    497,459      501,067
   Other assets and deferred charges      11,826       10,514
                                         -------      -------
        Total assets                    $711,577     $713,861
                                         =======      =======
   
   
             LIABILITIES  AND  SHAREHOLDERS' EQUITY
   
   Current liabilities:
     Short-term debt                    $  4,230     $ 12,339
     Current maturities of long-term 
      debt                                13,515       13,000
     Accounts payable                     29,131       29,223
     Other current liabilities            34,030       32,178
                                         -------      -------
        Total current liabilities         80,906       86,740
   
   Long-term debt                        106,445      104,900
   Other noncurrent liabilities           74,371       73,971
                                         -------      -------
        Total liabilities                261,722      265,611
                                         -------      -------
               
   Shareholders' equity:
     Common stock                          2,529        2,526
     Additional paid-in capital          136,662      135,676
     Retained earnings                   374,214      364,210
     Currency translation adjustment       4,345       11,560
     Unrealized holding gains                151          163
                                         -------      -------
                                         517,901      514,135
     Less common stock held in treasury, 
      at cost                             68,046       65,885
                                         -------      -------
        Total shareholders' equity       449,855      448,250
                                         -------      -------
   
        Total liabilities and 
         shareholders' equity           $711,577     $713,861
                                         =======      =======
   
   *    Unaudited
   **   Condensed from audited financial statements.
   
   See accompanying Notes to Condensed Consolidated Financial
   Statements.
   
   
                        4
   
   
   
        MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
          CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                          (Unaudited)
   
   
                                         Three Months Ended
                                        ---------------------
    (thousands of dollars)              March 30,   March 31,
                                          1997        1996
                                        ---------   ---------
   
   Operating Activities
   
   Net income                           $ 10,568    $  8,547 
   Adjustments to reconcile net 
    income to net cash provided
    by operating activities:
      Depreciation and depletion          12,141      10,702
        Other non-cash items                 782       1,277
        Net changes in operating 
         assets and liabilities             (778)    (12,758)
                                         -------     -------
   Net cash provided by operating 
    activities                            22,713       7,768
                                         -------     -------
   
   Investing Activities
   
   Purchases of property, plant 
    and equipment                        (13,642)    (33,851)
   Other investing activities, net           157          31
                                         -------     -------
   Net cash used in investing activities (13,485)    (33,820)
   
   
   Financing Activities
   
   Proceeds from issuance of short-term 
     and long-term debt                    2,060      29,785
   Repayment of short-term debt           (8,109)        --  
   Purchase of common shares for treasury (2,161)     (1,293)
   Dividends paid                           (564)       (566)  
   Other financing activities, net           578         347
                                         -------     -------
   Net cash (used in) provided by 
    financing activities                  (8,196)     28,273
                                         -------     -------
   
   Effect of exchange rate changes on 
    cash and cash equivalents               (752)       (679)
                                         -------     -------
   
   Net increase in cash and cash 
    equivalents                              280       1,542
   Cash and cash equivalents at 
    beginning of period                   15,446      11,318
                                         -------     -------  
   Cash and cash equivalents at 
    end of period                       $ 15,726    $ 12,860
                                         =======     =======
   
   Interest paid                        $  2,531    $    818
                                         =======     =======
   
   Income taxes paid                    $  1,318    $  1,526
                                         =======     =======
   
   
   See accompanying Notes to Condensed Consolidated Financial
   Statements.
   
                        5
   
   
   
       MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
       NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
   
   
   
   Note 1 -- Basis of Presentation
   
      The accompanying unaudited condensed consolidated
   financial statements have been prepared by management in
   accordance with the rules and regulations of the United
   States Securities and Exchange Commission. Accordingly,
   certain information and footnote disclosures normally
   included in financial statements prepared in accordance
   with generally accepted accounting principles have been
   condensed or omitted.  Therefore, these financial
   statements should be read in conjunction with the
   consolidated financial statements and notes thereto
   contained in the Company's Annual Report on Form 10-K for
   the year ended December 31, 1996.  In the opinion of
   management, all adjustments, consisting solely of normal
   recurring adjustments necessary for a fair presentation of
   the financial information for the periods indicated, have
   been included.  The results for the three-month period 
   ended March 30, 1997 are not necessarily indicative of the
   results that may be expected for the year ending December
   31, 1997.
   
   
   
   Note 2 -- Inventories
   
      The following is a summary of inventories by major
   category:
   
                                      March 30,  December 31,
     (thousands of dollars)             1997         1996
                                      --------   ------------
   
      Raw material                    $ 27,420     $ 23,585
      Work in process                    4,996        8,513
      Finished goods                    16,876       20,670
      Packaging and supplies            16,970       17,670
                                       -------      -------
      Total inventories               $ 66,262     $ 70,438
                                       =======      =======
   
   
   Note 3 --  Long-Term Debt and Commitments
   
      The following is a summary of long-term debt:
   
                                      March 30,  December 31,
     (thousands of dollars)             1997         1996
                                      --------   ------------
   
      7.70% Industrial Development
       Revenue Bond Series 1990
       Due 2009 (secured)             $  7,300     $  7,300
      7.75% Economical Development
       Revenue Bonds Series 1990
       Due 2010 (secured)                4,600        4,600
      Variable/Fixed Rate Industrial
       Development Revenue Bonds
       Due 2009                          4,000        4,000
      6.04% Guarantied Senior Notes 
       Due June 11, 2000                52,000       52,000
      7.49% Guaranteed Senior Notes
       Due July 24, 2006                50,000       50,000
      Other borrowings                   2,060          --
                                       -------      -------
                                       119,960      117,900
      Less: Current maturities          13,515       13,000
                                       -------      -------
      Long-term debt                  $106,445     $104,900
                                       =======      =======
   
                        6
                                                  
   
   
   
                INDEPENDENT AUDITORS' REPORT
   
   
   
   
   The Board of Directors and Shareholders
   Minerals Technologies Inc.:
   
   
        We have reviewed the condensed consolidated balance
   sheet of Minerals Technologies Inc. and subsidiary
   companies as of March 30, 1997 and the related condensed
   consolidated statements of income and cash flows for the
   three-month periods ended March 30, 1997 and March 31,
   1996.  These financial statements are the responsibility of
   the company's management. 
   
        We conducted our review in accordance with standards
   established by the American Institute of Certified Public
   Accountants.  A review of interim financial information
   consists principally of applying analytical procedures to
   financial data and making inquiries of persons responsible
   for financial and accounting matters.  It is substantially
   less in scope than an audit conducted in accordance with
   generally accepted auditing standards, the objective of
   which is the expression of an opinion regarding the
   financial statements taken as a whole.  Accordingly, we do
   not express such an opinion.
   
        Based on our review, we are not aware of any material
   modifications that should be made to the condensed
   consolidated financial statements referred to above for
   them to be in conformity with generally accepted accounting
   principles.
   
         We have previously audited, in accordance with
   generally accepted auditing standards, the consolidated
   balance sheet of Minerals Technologies Inc. and subsidiary
   companies as of December 31, 1996, and the related
   consolidated statements of income, shareholders' equity,
   and cash flows for the year then ended (not presented
   herein); and in our report dated February 4, 1997, we
   expressed an unqualified opinion on those consolidated
   financial statements.  In our opinion, the information set
   forth in the accompanying condensed consolidated balance
   sheet as of December 31, 1996 is fairly presented, in all
   material respects, in relation to the consolidated balance
   sheet from which it has been derived.
   
                                    KPMG Peat Marwick LLP
   
   New York, New York
   April 30, 1997
   
   
   
                        7
   
   
   
   ITEM 2.
   
   Management's Discussion and Analysis of Financial Condition
   and Results of Operations
   
                                    Income and Expense Items 
                                  As a Percentage of Net Sales 
                                  ----------------------------
                                       Three Months Ended
                                       ------------------
                                      March 30,    March 31,
                                        1997         1996
                                      --------     -------- 
   
   Net sales                            100.0%       100.0%
   Cost of goods sold                    70.5         72.7
   Marketing, distribution 
    and administrative expenses          13.3         13.3
   Research and development expenses      3.7          3.8
                                        -----        ----- 
   Income from operations                12.5         10.2
   Net income                             7.7%         6.7%
                                        =====        =====
   
   
   Results of Operations 
   
   Three Months Ended March 30, 1997 as Compared with Three
   Months Ended March 31, 1996  
   
        Net sales in the first quarter of 1997 increased 7.4%
   to $137.6 million from $128.1 million in the first quarter
   of 1996.  Precipitated Calcium Carbonate (PCC) sales grew
   20.7% to $70.6 million from $58.5 million in the first
   quarter of 1996. This increase was primarily attributable
   to the commencement of operations at four satellite PCC
   plants since the first quarter of 1996, significant sales
   growth from three satellite PCC plants that began
   operations in the first quarter of 1996 and increased
   volume at other satellite PCC plants.  Net sales of
   processed mineral products grew 2.5% in the first quarter
   of 1997 to $20.7 million from $20.2 million in the
   comparable quarter of 1996.  Net sales of refractory
   products decreased 6.3% to $46.3 million in the first
   quarter of 1997 from $49.4 million in the first quarter of
   the prior year.  This decrease was primarily due to overall
   volume declines in lower margin products and unfavorable
   foreign exchange rates.
   
        Net sales in the United States were 6.7% higher than
   in the prior year's first quarter.  Foreign sales were 8.9%
   higher than in the prior year, due primarily to the growth
   in the satellite PCC product line.
   
        Income from operations rose 30.9% in the first quarter
   of 1997 to $17.2 million.  This increase was due primarily
   to higher sales volumes in the PCC product line, improved
   profitability in the refractory product lines and an
   overall containment of costs and expenses.  The
   profitability of the processed minerals product line was
   negatively impacted by significant unfavorable production
   variances in the talc operations.
   
        Non-operating deductions increased as a result of
   higher interest costs associated with additional
   borrowings.
   
        Net income increased 23.6% to $10.6 million from $8.5
   million in the prior year.  Earnings per share were $0.47
   in the first quarter of 1997 as compared to $0.38 in the
   prior year.
   
   
   
                      8
   
   
   
   
   Liquidity and Capital Resources
   
        The Company's financial position remained strong in
   the first quarter of 1997.  Cash flows in the first quarter
   were provided from operations and were applied principally
   to fund capital expenditures and reduce short-term
   financing.  Cash provided from operating activities
   amounted to $22.7 million in the first quarter of 1997 as
   compared to $7.8 million in the prior year.
   
        The Company has available approximately $120 million
   in uncommitted, short-term bank credit lines, of which $4.0
   million were in use at March 30, 1997.  The interest rate
   on these borrowings was approximately  6%.  The Company
   anticipates that capital expenditures for all of 1997 will
   be approximately $100 million, principally related to the
   construction of satellite PCC plants, expansion projects at
   existing satellite PCC plants and at other mineral plants,
   and other opportunities which meet the strategic growth
   objectives of the Company.  The Company expects to meet
   such requirements from internally generated funds, the
   aforementioned uncommitted bank credit lines and, where
   appropriate, project financing of certain satellite plants.
   
   
   Recently Issued Accounting Standards
   
        In February 1997, the Financial Accounting Standards
   Board issued Statement of Financial Accounting Standards
   (SFAS) No. 128, "Earnings per Share," which established
   standards for computing and presenting earnings per share
   (EPS). The Statement simplifies the standards for computing
   EPS, replaces the presentation of primary EPS with a
   presentation of basic EPS and requires dual presentation of
   basic and diluted EPS on the face of the income statement. 
   This Statement is effective for financial statements issued
   for periods after December 15, 1997 and requires
   restatement of all prior-period EPS data presented. 
   Adoption of SFAS No. 128 is not expected to have a material
   impact on previously reported EPS data.
   
   
   
                 PART II.  OTHER INFORMATION
   
   ITEM 1.   LEGAL PROCEEDINGS
   
        The Company is a defendant in a lawsuit captioned
   EATON CORPORATION V. PFIZER INC, MINERALS TECHNOLOGIES INC.
   AND SPECIALTY MINERALS INC. pending in the U.S. District
   Court for the Western District of Michigan.  The suit
   alleges that certain materials sold to Eaton for use in
   truck transmissions were defective, necessitating repairs
   for which Eaton now seeks reimbursement.  The suit was
   filed on July 31, 1996.  The Company has evaluated the
   claims of this lawsuit to the extent possible, believes the
   claim to be without merit, and intends to contest them
   vigorously.
   
        The Company and its subsidiaries are not party to any
   other material pending legal proceedings, other than
   ordinary routine litigation incidental to their businesses.
   
   
   ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
   
   a)  Exhibits:
   
       11 - Schedule re: Computation of earnings per common
            share (Part I Data).
   
       15 - Accountants' Acknowledgment (Part I Data).
   
       27 - Financial Data Schedule (submitted electroni-
            cally to the Securities and Exchange Commission,
            and not filed, pursuant to Rule 402 of Regulation
            S-T).
   
   b)  No reports on Form 8-K were filed during the first
       quarter of 1997.
   
   
                      9
   
   
   
                        SIGNATURE
   
        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.
   
                              Minerals Technologies Inc.
   
                              By: /s/ John R. Stack  
                                  ----------------------
                                  John R. Stack
                                  Vice President-Finance and
                                  Chief Financial Officer
   
   April 30, 1997
   
   
   
                         10
   
   
   
   

                                             EXHIBIT 11

   SCHEDULE RE: COMPUTATION OF EARNINGS PER COMMON SHARE*
         (In thousands, except per share amounts)

                                       Three Months Ended
                                      ---------------------
                                      March 30,   March 31,
                                        1997        1996
                                      --------    --------
PRIMARY

Net income                            $ 10,568    $  8,547
                                       -------     -------

Weighted average shares outstanding     22,588      22,637
                                       -------     -------

Primary earnings per share *          $   0.47    $   0.38
                                       =======     =======


FULLY DILUTED

Net income                            $ 10,568    $  8,547
                                       -------     -------
Weighted average shares outstanding     22,588      22,637

Add incremental shares representing:
 Shares issuable upon exercise of stock
  options based on average market price    532         447
                                       -------     -------
Weighted average number of shares, 
 as adjusted                            23,120      23,084
                                       -------     -------

Fully diluted earnings per share      $   0.46    $   0.37
                                       =======     =======

Dilutive effect of incremental shares     2.3%        1.9%
                                          ===         ===

*  Incremental shares have not been considered in the 
computation of primary earnings per common share in
accordance with generally accepted accounting principles which
requires inclusion only when the dilutive effect is greater than
3%.



                                               EXHIBIT 15

               ACCOUNTANTS' ACKNOWLEDGMENT

The Board of Directors
Minerals Technologies Inc.:

Re:  Registration Statement Nos. 33-59080, 33-65268 and
     33-96558

     With respect to the subject registration statements, we
acknowledge our awareness of the use therein of our 
report dated April 30, 1997, related to our review of interim
financial information.


     Pursuant to Rule 436(c) under the Securities Act of 1933,
such report is not considered a part of a registration statement
prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of sections 7 and
11 of the Act.


                                     Very truly yours,

                                     KPMG Peat Marwick LLP

New York, New York
May 9, 1997
 

5 This schedule contains summary financial information extracted from the condensed consolidated financial statements of Minerals Technologies Inc., and is qualified in its entirety by reference to such condensed consolidated financial statements. 1,000 3-MOS DEC-31-1997 MAR-30-1997 15,726 0 104,988 0 66,262 202,292 817,921 320,462 711,577 80,906 106,445 0 0 2,529 510,876 711,577 137,626 137,626 97,101 97,101 5,045 0 0 15,682 5,017 10,568 0 0 0 10,568 0.47 0