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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000710/0000064463-00-000042/0000064463-00-000042.txt : 20000712
<SEC-HEADER>0000064463-00-000042.hdr.sgml : 20000712
ACCESSION NUMBER:		0000064463-00-000042
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990731
FILED AS OF DATE:		20000710

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MECHANICAL TECHNOLOGY INC
		CENTRAL INDEX KEY:			0000064463
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3829
]		IRS NUMBER:				141462255
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		4/A
			SEC ACT:		
			SEC FILE NUMBER:	000-06890
			FILM NUMBER:		670235
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		325 WASHINGTON AVENUE EXTENSION
				CITY:			ALBANY
				STATE:			NY
				ZIP:			12205-5505
				BUSINESS PHONE:		5184332170
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		968 ALBANY SHAKER RD
					STREET 2:		968 ALBANY SHAKER RD
					CITY:			LATHAM
					STATE:			NY
					ZIP:			12110
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<REPORTING-OWNER>

					COMPANY DATA:	
						COMPANY CONFORMED NAME:			MECHANICAL TECHNOLOGY INC
						CENTRAL INDEX KEY:			0000064463
						STANDARD INDUSTRIAL CLASSIFICATION:	 [3829
]<RELATIONSHIP>DIRECTOR
						IRS NUMBER:				141462255
						STATE OF INCORPORATION:			NY
						FISCAL YEAR END:			0930
</COMPANY-DATA>

						FILING VALUES:
							FORM TYPE:		4/A
</FILING-VALUES>

							BUSINESS ADDRESS:	
								STREET 1:		325 WASHINGTON AVENUE EXTENSION
								CITY:			ALBANY
								STATE:			NY
								ZIP:			12205-5505
								BUSINESS PHONE:		5184332170
</BUSINESS-ADDRESS>

								MAIL ADDRESS:	
									STREET 1:		968 ALBANY SHAKER RD
									STREET 2:		968 ALBANY SHAKER RD
									CITY:			LATHAM
									STATE:			NY
									ZIP:			12110
</MAIL-ADDRESS>
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>0001.htm
<TEXT>

<HTML>
<HEAD>SEC Form 4/A
</HEAD>
<BODY>
<font face='Tahoma'>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="254 pixels" valign="top"><center><B><font size="4">FORM 4</B></center><br><font size="1"><b>[ ] Check this box if no longer<br>subject to Section 16.  Form 4 or Form<br>5 oblibations may continue.<br>See Instruction 1(b).</b></b>
</TD>
<TD width="764 pixels" valign="center"><center><b>UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR><center><font size="1">Washington, D.C.&nbsp;&nbsp;20549</b></center><br><font size="2"><b>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP</b><br><br><font
size="1">Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility<br>Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940<center>
</TD>
<TD width="254 pixels"><center><font size="1">OMB APPROVAL</center><br><hr width="98%"><br>OMB Number: 3235-0287<br>Expires: December 31, 2001<br>Estimated average burden<br>hours per response. . . . . 0.5
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="446 pixels"> <font size="1">1. Name and Address of Reporting Person<sup>*</sup><br><b>Church, Dale&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W.</b><hr width="98%"><center> (Last) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
(First) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Middle)</center><b>9 Franklin Street<br></b><br><hr width="98%"><center>(Street)</center><b>Alexandria, VA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22314</b><br><hr width="98%"><center> (City) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
(State) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Zip)</center><b>USA</b>
</TD>
<TD width="254 pixels"valign="top"><font size="1">2. Issuer Name and Ticker<br>&nbsp;&nbsp;&nbsp;&nbsp;or Trading Symbol<br><br><b>Mechanical Technology Incorporated &nbsp; MKTY</b><hr width="98%">3. I.R.S. Identification<br>&nbsp;&nbsp;&nbsp;&nbsp;Number
of Reporting<br>&nbsp;&nbsp;&nbsp;&nbsp;Person, if an entity<br>&nbsp;&nbsp;&nbsp;&nbsp;(voluntary)<br>
</TD>
<TD width="190 pixels"valign="top"><font size="1">4. Statement for<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Year)<br><br>&nbsp;&nbsp;&nbsp;&nbsp;<b>July 1999</b><br><br><hr width="98%">5. If Amendment,<BR>&nbsp;&nbsp;&nbsp;&nbsp;Date of Original<br>&nbsp;&nbsp;
&nbsp;&nbsp;(Month/Year)<br>&nbsp;&nbsp;&nbsp;&nbsp;<b>08/11/1999</b>
</TD>
<TD width="382 pixels"valign="top"><font size="1">6. Relationship of Reporting Person(s) to Issuer<br><center>(Check all applicable)</center><br><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<b>X</b>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> Director &nbsp; <u>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> 10% Owner<br><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> Officer &nbsp; &nbsp; <u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> Other<br><br>Officer/Other<br>
Description &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u><hr width="98%">7. Individual or Joint/Group<br> &nbsp; &nbsp; Filing (Check Applicable Line)<br><br><u> <b>X</b> </u> &nbsp; Individual Filing<br><u> &nbsp; &nbsp; </u> &nbsp;
Joint/Group Filing
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="100%"valign="top"><font size="1"><center><b>Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned</b></center>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="280 pixels"valign="top"><font size="1">1. Title of Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)<br><br>
</TD>
<TD width="128 pixels"valign="top"><font size="1">2. Transaction Date<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)
</TD>
<TD width="100 pixels"valign="top"><font size="1">3. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;and<br>&nbsp;&nbsp;&nbsp;&nbsp;Voluntary<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 8)<br><br><hr width="98%">
<center>Code &nbsp;|&nbsp; V &nbsp; &nbsp; </center>
</TD>
<TD width="320 pixels"valign="top"><font size="1">4. Securities Acquired (A) or Disposed (D) Of<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3, 4, and 5)<br><br><br><br><br><br><hr width="98%"><center>&nbsp; &nbsp; &nbsp; &nbsp; Amount &nbsp; &nbsp;&nbsp; | &nbsp;
&nbsp; &nbsp; &nbsp; A/D &nbsp; &nbsp; &nbsp; &nbsp; | &nbsp; &nbsp; &nbsp; &nbsp; Price &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </center>
</TD>
<TD width="140 pixels"valign="top"><font size="1">5. Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br>&nbsp;&nbsp;&nbsp;&nbsp;Owned at<br>&nbsp;&nbsp;&nbsp;&nbsp;End of Month<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.
3 and 4)
</TD>
<TD width="114 pixels"valign="top"><font size="1">6. Owner-<br>&nbsp;&nbsp;&nbsp;&nbsp;ship<br>&nbsp;&nbsp;&nbsp;&nbsp;Form:<br>&nbsp;&nbsp;&nbsp;&nbsp;Direct(D)<br>&nbsp;&nbsp;&nbsp;&nbsp;or<br>&nbsp;&nbsp;&nbsp;&nbsp;Indirect (I)<br><br>&nbsp;&nbsp;
&nbsp;&nbsp;(Instr. 4)
</TD>
<TD width="190 pixels"valign="top"><font size="1">7. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)
</TD>
</TR>
<TR>
<TD width="280 pixels"><font size="1"><b>Common Stock</b>
</TD>
<TD width="128 pixels"><font size="1"><b>04/30/1999</b><br>
</TD>
<TD width="100 pixels"><font size="1"><b><center>J (1)</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="320 pixels"><font size="1"><center><b>20,000.00</b> &nbsp; | &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <b>A</b> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; | &nbsp; <b> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></center>
</TD>
<TD width="140 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="114 pixels"><font size="1"><center><b>D</b></center>
</TD>
<TD width="190 pixels"><font size="1"><b></b><br>
</TD>
</TR>
<TR>
<TD width="280 pixels"><font size="1"><b>Common Stock</b>
</TD>
<TD width="128 pixels"><font size="1"><b>07/21/1999</b><br>
</TD>
<TD width="100 pixels"><font size="1"><b><center> &nbsp; &nbsp;X</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="320 pixels"><font size="1"><center><b>3,750.00</b> &nbsp; | &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <b>A</b> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; | &nbsp; <b>$16.00 &nbsp; &nbsp; &nbsp;</b></center>
</TD>
<TD width="140 pixels"align="right"><font size="1"><b>63,750.00</b>
</TD>
<TD width="114 pixels"><font size="1"><center><b>D</b></center>
</TD>
<TD width="190 pixels"><font size="1"><b></b><br>
</TD>
</TR>
<TR>
<TD width="280 pixels"><font size="1"><b>Common Stock</b>
</TD>
<TD width="128 pixels"><font size="1"><b>04/30/1999</b><br>
</TD>
<TD width="100 pixels"><font size="1"><b><center>J (2)</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="320 pixels"><font size="1"><center><b>4,000.00</b> &nbsp; | &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <b>A</b> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; | &nbsp; <b> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></center>
</TD>
<TD width="140 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="114 pixels"><font size="1"><center><b>I</b></center>
</TD>
<TD width="190 pixels"><font size="1"><b>By Spouse</b>
</TD>
</TR>
<TR>
<TD width="280 pixels"><font size="1"><b>Common Stock</b>
</TD>
<TD width="128 pixels"><font size="1"><b>07/21/1999</b><br>
</TD>
<TD width="100 pixels"><font size="1"><b><center> &nbsp; &nbsp;X</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="320 pixels"><font size="1"><center><b>750.00</b> &nbsp; | &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <b>A</b> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; | &nbsp; <b>$16.00</b></center>
</TD>
<TD width="140 pixels"align="right"><font size="1"><b>12,750.00 (3)</b>
</TD>
<TD width="114 pixels"><font size="1"><center><b>I</b></center>
</TD>
<TD width="190 pixels"><font size="1"><b>By Spouse</b>
</TD>
</TR>
<TR>
<TD width="280 pixels"><br>
</TD>
<TD width="128 pixels"><br>
</TD>
<TD width="100 pixels"><br>
</TD>
<TD width="320 pixels"><br>
</TD>
<TD width="140 pixels"><br>
</TD>
<TD width="114 pixels"><br>
</TD>
<TD width="190 pixels"><br>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<font size="1">Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.<br>* If the form is filed by more than one reporting person, see Instruction 4(b)(v).<br><br><font size="1"><p align="right">(over)<br>
SEC 1474 (3-99)</p>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%"><hr width="98%">
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%" align="right"><b>Church, Dale W. - July 1999</b><br>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%"><b>Form 4 (continued)</b>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="100%"valign="top"><font size="1"><center><b>Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned<br>(e.g., puts, calls, warrants, options, convertible securities)</b></center>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="178 pixels"valign="top"><font size="1">1. Title of Derivative Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)
</TD>
<TD width="76 pixels"valign="top"><font size="1">2. Conver-<br>&nbsp;&nbsp;&nbsp;&nbsp;sion or<br>&nbsp;&nbsp;&nbsp;&nbsp;Exercise<br>&nbsp;&nbsp;&nbsp;&nbsp;Price of<br>&nbsp;&nbsp;&nbsp;&nbsp;Deri-<br>&nbsp;&nbsp;&nbsp;&nbsp;vative<br>&nbsp;&nbsp;&nbsp;
&nbsp;Security
</TD>
<TD width="76 pixels"valign="top"><font size="1">3. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Date<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/<br>&nbsp;&nbsp;&nbsp;&nbsp;Day/<br>&nbsp;&nbsp;&nbsp;&nbsp;Year)
</TD>
<TD width="78 pixels"valign="top"><font size="1">4. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;and<br>&nbsp;&nbsp;&nbsp;&nbsp;Voluntary (V)<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.8)<br><br><br><br><br>
<br><hr width="98%"><center>Code | V &nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"valign="top"><font size="1">5. Number of Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities Acquired (A)<br>&nbsp;&nbsp;&nbsp;&nbsp;or Disposed (D) Of<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3,4 and 5)
</TD>
<TD width="162 pixels"valign="top"><font size="1">6. Date Exercisable(DE) and<br>&nbsp;&nbsp;&nbsp;&nbsp;Expiration Date(ED)<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)<br><br><br><br><br><br><br><br><br><hr width="98%"><center>&nbsp; (DE) &nbsp; &nbsp; |
&nbsp; &nbsp; (ED) &nbsp;</center>
</TD>
<TD width="186 pixels"valign="top"><font size="1">7. Title and Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Underlying Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3 and 4)
</TD>
<TD width="76 pixels"valign="top"><font size="1">8. Price<br>&nbsp;&nbsp;&nbsp;&nbsp;of<br>&nbsp;&nbsp;&nbsp;&nbsp;Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.5)
</TD>
<TD width="102 pixels"valign="top"><font size="1">9. Number of<br>&nbsp;&nbsp;&nbsp;&nbsp;Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br>&nbsp;&nbsp;&nbsp;&nbsp;Owned<br>&nbsp;&nbsp;&nbsp;&nbsp;at End of<br>
&nbsp;&nbsp;&nbsp;&nbsp;Month<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.4)
</TD>
<TD width="50 pixels"valign="top"><font size="1">10.<br>Owner-<br>ship<br>Form of<br>Deriv-<br>ative<br>Security:<br>Direct<br>(D)<br>or<br>Indirect<br>(I)
</TD>
<TD width="128 pixels"valign="top"><font size="1">11. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Instr.4)
</TD>
</TR>
<TR>
<TD width="178 pixels"><font size="1"><b>Subscription Rights (Rights to Buy)</b><br>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$16.00</b>
</TD>
<TD width="76 pixels"><font size="1"><b>05/28/1999</b>
</TD>
<TD width="78 pixels"><font size="1"><b><center> &nbsp; &nbsp;A</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"><font size="1"><b>&nbsp; &nbsp; (A) 3,750.00</b>
</TD>
<TD width="162 pixels"><font size="1"><b><center>06/04/1999</b> | <b>07/09/1999</center></b>
</TD>
<TD width="186 pixels"><font size="1"><b>Common Stock</b> - <b>3,750.00</b>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="102 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="50 pixels"><font size="1"><center><b>D</b></center>
</TD>
<TD width="128 pixels"><font size="1"><b></b><br>
</TD>
</TR>
<TR>
<TD width="178 pixels"><font size="1"><b>Subscription Rights (Rights to Buy)</b><br>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$16.00</b>
</TD>
<TD width="76 pixels"><font size="1"><b>07/21/1999</b>
</TD>
<TD width="78 pixels"><font size="1"><b><center> &nbsp; &nbsp;X</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"><font size="1"><b>&nbsp; &nbsp; (D) 3,750.00</b>
</TD>
<TD width="162 pixels"><font size="1"><b><center>06/04/1999</b> | <b>07/09/1999</center></b>
</TD>
<TD width="186 pixels"><font size="1"><b>Common Stock</b> - <b>3,750.00</b>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="102 pixels"align="right"><font size="1"><b>0.00</b>
</TD>
<TD width="50 pixels"><font size="1"><center><b>D</b></center>
</TD>
<TD width="128 pixels"><font size="1"><b></b><br>
</TD>
</TR>
<TR>
<TD width="178 pixels"><font size="1"><b>Subscription Rights (Rights to Buy)</b><br>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$16.00</b>
</TD>
<TD width="76 pixels"><font size="1"><b>05/28/1999</b>
</TD>
<TD width="78 pixels"><font size="1"><b><center> &nbsp; &nbsp;A</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"><font size="1"><b>&nbsp; &nbsp; (A) 750.00</b>
</TD>
<TD width="162 pixels"><font size="1"><b><center>06/04/1999</b> | <b>07/09/1999</center></b>
</TD>
<TD width="186 pixels"><font size="1"><b>Common Stock</b> - <b>750.00</b>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="102 pixels"align="right"><font size="1"><b> </b><br>
</TD>
<TD width="50 pixels"><font size="1"><center><b>I</b></center>
</TD>
<TD width="128 pixels"><font size="1"><b>By Spouse</b>
</TD>
</TR>
<TR>
<TD width="178 pixels"><font size="1"><b>Subscription Rights (Rights to Buy)</b><br>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$16.00</b>
</TD>
<TD width="76 pixels"><font size="1"><b>07/21/1999</b>
</TD>
<TD width="78 pixels"><font size="1"><b><center> &nbsp; &nbsp;X</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"><font size="1"><b>&nbsp; &nbsp; (D) 750.00</b>
</TD>
<TD width="162 pixels"><font size="1"><b><center>06/04/1999</b> | <b>07/09/1999</center></b>
</TD>
<TD width="186 pixels"><font size="1"><b>Common Stock</b> - <b>750.00</b>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$16.00</b>
</TD>
<TD width="102 pixels"align="right"><font size="1"><b>0.00 (3)</b>
</TD>
<TD width="50 pixels"><font size="1"><center><b>I</b></center>
</TD>
<TD width="128 pixels"><font size="1"><b>By Spouse</b>
</TD>
</TR>
<TR>
<TD width="178 pixels"><br>
</TD>
<TD width="76 pixels"><br>
</TD>
<TD width="76 pixels"><br>
</TD>
<TD width="78 pixels"><br>
</TD>
<TD width="160 pixels"><br>
</TD>
<TD width="162 pixels"><br>
</TD>
<TD width="186 pixels"><br>
</TD>
<TD width="76 pixels"><br>
</TD>
<TD width="102 pixels"><br>
</TD>
<TD width="50 pixels"><br>
</TD>
<TD width="128 pixels"><br>
</TD>
</TR>
</TABLE>
<font size="1">Explanation of Responses : <br><br><br>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="60%"valign="top"><font size="1">** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.<br>&nbsp; &nbsp; &nbsp; &nbsp; See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).<br><br>Note: &nbsp; File three copies of this
Form, one of which must be manually signed.  If space is insufficient,<br>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; See Instruction 6 for procedure.<br><br>Potential persons who are to respond to the collection of information contained in this form are not<br>required to respond unless the form displays a currently valid
OMB number.
</TD>
<TD width="40%"valign="top"><font size="1">________________________________ &nbsp; &nbsp; &nbsp; &nbsp; <u><b> &nbsp; &nbsp;07-10-2000 &nbsp; &nbsp;</b></u><br>** Signature of Reporting Person &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
&nbsp; &nbsp; &nbsp; Date<br><br><b><br>Dale W. Church</b><br><br><br>
<p align="right">Page 2<br>SEC 1474 (3-99)</p>
</TD>
</TR>
</TABLE>
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<TD width="100%" align="right"><b>Church, Dale W. - July 1999</b><br>
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<TD width="100%"><b>Form 4 (continued)</b>
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<TD width="100%"><center><b>FOOTNOTE Descriptions for Mechanical Technology Incorporated MKTY</b></center>
<p align="right">Form 4 - July 1999</p>
<b><font size="2">Dale W. Church<br>9 Franklin Street<br><br>Alexandria, VA 22314<br><hr width="98%">Explanation of responses:<br><br></b>
<font size="1"><b>(1) &nbsp; On April 30, 1999, the common stock of the Corporation split 3-for-2, resulting in the reporting person's acquisition of 20,000 additional shares of common stock.</b><br>
<font size="1"><b>(2) &nbsp; On April 30, 1999, the common stock of the Corporation split 3-for-2, resulting in the reporting person's acquisition of 4,000 additional shares of common stock.</b><br>
<font size="1"><b>(3) &nbsp; Mr. Church disclaims beneficial ownership of these securities and the filing of this report is not an admission that Mr. Church is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.</b>
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<font size="1">Page 3
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