SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No.1)*

                              Minerals Technologies Inc.
          ____________________________________________________________
                                (Name of Issuer)

                     Common Stock, $0.10 par value per share
          ____________________________________________________________
                         (Title of Class of Securities)

                                   603158106
                              _____________________
                                 (CUSIP Number)

Check the following box if a fee is being paid with this statement ________

     A fee is not  required  only  if the  filing  person:  (1)  has a  previous
statement on file  reporting  beneficial  ownership of more than five percent of
the class of  securities  described  in Item 1; and (2) has  filed no  amendment
subsequent  thereto  reporting  beneficial  ownership of five percent or less of
such class.) (See Rule 13d-7).

     *The  remainder  of this cover  page  shall be filled  out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The  information  required in the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).







SEC 1745 (5-87)


                                       1

CUSIP No. 603158106 13G Page 2 of 5 Pages - ------------------------ ------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON REICH & TANG ASSET MANAGEMENT, LLC 13-4163687 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* ---------- ---------- (a) (b) ---------- ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------- BENEFICIALLY -------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 1,205,000 WITH -------------------------------------------- -------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 -------------------------------------------- -------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,205,000 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,205,000 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.16% - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 2

Item 1 (a). Name of Issuer The name of the issuer, to whose class of equity security this Schedule is Minerals Technologies, Inc. Item 1 (b). Address of Issuer's Principal Executive Offices The address of the Issuer's principal offices 405 LEXINGTON AVENUE 20TH FLOOR, NEW YORK, NY 10174 Item 2 (a). Name of Person Filing The person filing this Schedule is Reich & Tang Asset Management, LLC (the "Reporting Person") Item 2 (b). Address of Principal Business Office or, if None, Residence The principal business address of the Reporting Person is 600 Fifth Avenue, New York, NY 10020. Item 2 (c). Citizenship The Reporting Person is a United States citizen. Item 2 (d). Title of Class of Securities The class of equity security to which this schedule relates is the Issuer's Common Stock, $0.10 par value (the "Common Stock"). Item 2 (e). CUSIP No. The CUSIP number assigned to the Common Stock is 603158106 Item 3. If this statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(b), Check Whether the Person Filing is a Reich & Tang Asset Management, LLC is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Item 4. Ownership The shares of the Common Stock owned beneficially owned by Reich & Tang Asset Management, LLC. and covered by this Schedule amount to shares, 1,205,000 constituting 6.12% of the outstanding shares of the Common Stock. Reich & Tang Asset Management, LLC. has the shared power to vote and direct the vote for 1,205,000 shares of Common Stock and to dispose of or direct the disposition of 1,205,000 shares of Common Stock. Item 5. Ownership of Five Percent or Less of a Class Not applicable. 3

Item 6. Ownership of More than Five Percent on Behalf of Another Person The shares of Common Stock beneficially owned by Reich & Tang Asset Management, LLC were purchased by Reich & Tang Asset Managemen, LLC on behalf of certain accounts for which Reich & Tang Asset Management, LLC provides investment advice on a fully discretionary basis. This entity has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of the Common Stock. None of the above mentioned entity has a greater than 5% interest in the Common Stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. 4

CERTIFICATION The undersigned certifies that to his/her best belief and knowledge, the securities reported herein were acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer or such securities and were not acquired in connection with or as a participant in any transaction having such purpose of effect. February 15, 2002 REICH & TANG ASSET MANAGEMENT, LLC BY /s/Michael D. Appleton Michael D. Appleton Vice President Reich & Tang Asset Management, LLC 5