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

     Date of Report (Date of earliest event reported)  January 26, 1998

                         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)<PAGE>


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



ITEM 5.  OTHER EVENTS

The Shareholders of  the Company passed,  ratified and adopted  an Amendment to
the Company's 1989 Stock Option Plan as recommended by the Board of Directors.

The number of shares  of common stock issuable  under the Plan  is increased by
Five Hundred Thousand (500,000)  Options now totaling 1,421,000  Options in the
Plan after the Amendment.   Prior to  the Amendment there  were 921,000 Options
outstanding under the Plan.

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<PAGE>


                           SIGNATURES


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 26, 1998                         /s/Robert D. Little
--------------------                     ---------------------------     
      (Date)                             Robert D. Little
                                         Secretary<PAGE>
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2565}]
{"company-data": {"conformed-name": "MPM TECHNOLOGIES INC", "cik": "0000799268", "assigned-sic": "1040", "irs-number": "810436060", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-14910", "film-number": "98513988"}, "business-address": {"street1": "222 W MISSION AVE", "street2": "STE 30", "city": "SPOKANE", "state": "WA", "zip": "99201", "phone": "5093263443"}, "mail-address": {"street1": "908 N HOWARD SUITE 100", "street2": "908 N HOWARD SUITE 100", "city": "SPOKANE", "state": "WA", "zip": "99201"}, "former-company": {"former-conformed-name": "MONTANA PRECISION MINING LTD", "date-changed": "19920703"}}
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

     Date of Report (Date of earliest event reported)  January 26, 1998

                         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

ITEM 5.  OTHER EVENTS

The Shareholders of  the Company passed,  ratified and adopted  an Amendment to
the Company's 1989 Stock Option Plan as recommended by the Board of Directors.

The number of shares  of common stock issuable  under the Plan  is increased by
Five Hundred Thousand (500,000)  Options now totaling 1,421,000  Options in the
Plan after the Amendment.   Prior to  the Amendment there  were 921,000 Options
outstanding under the Plan.

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
SIGNATURES

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 26, 1998                         /s/Robert D. Little
--------------------                     ---------------------------     
      (Date)                             Robert D. Little
                                         Secretary