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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001119083-02-000008.txt : 20020415
<SEC-HEADER>0001119083-02-000008.hdr.sgml : 20020415
ACCESSION NUMBER:		0001119083-02-000008
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020319
FILED AS OF DATE:		20020319

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MIND CTI LTD
		CENTRAL INDEX KEY:			0001119083
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31215
		FILM NUMBER:		02578246

	BUSINESS ADDRESS:	
		STREET 1:		INDUSTRIAL PARK BLDG 7 PO BOX 144
		CITY:			YOQNEAM ILIY 20692 I
		STATE:			L3
		ZIP:			00000
		BUSINESS PHONE:		0119724993
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pfic.txt
<DESCRIPTION>PFIC
<TEXT>
FORM 6-K

                         SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549


                         Report of Foreign Private Issuer

                      Pursuant to Rule 13a-16 or 15d-16 of

                       the Securities Exchange Act of 1934


                           For the Month of March 2002


                                MIND C.T.I. LTD.


                  (Translation of Registrant's Name into English)


          Industrial Park, Building 7, P.O. Box 144, Yoqneam, Israel 20692


                     (Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F:


Form 20-F [X] Form 40-F [ ]

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934:

Yes [ ] No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-___.

  --------------------------------------------------------------------------

Attached to the Registrant's Form 6-K for the month of March 2002 and
incorporated herein by reference is the Registrant's press release dated
March 11, 2002.

  --------------------------------------------------------------------------

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.

MIND C.T.I. LTD.
(Registrant)


By:  /s/ Monica Eisinger
     -----------------------------------
     Monica Eisinger
     President

Dated: March 19, 2002
- ---------------------------------------------------------------------------

MIND CTI Press Release
For Immediate Release



MIND CTI Believes That It Will Be Characterized as a Passive Foreign Investment
Company for 2001 Under U.S. Internal Revenue Code

Yoqneam, Israel, March 11, 2002-MIND CTI Ltd. (Nasdaq: MNDO) today announced
that it believes that it will be characterized under the U.S. Internal Revenue
Code as a passive foreign investment company ("PFIC")for 2001. This
determination was made upon completion of the Company's examination of its 2001
financial position.

MIND believes that this determination will not have any tax consequences to non-
U.S. holders of MIND's shares.  Any U.S. persons who held MIND's shares at any
time during 2001 can mitigate certain tax consequences of the Company's PFIC
status by availing themselves of certain elections under the Internal Revenue
Code, including a "qualified electing fund" election ("QEF") or a "mark-to
market" election. All U.S. shareholders are advised to consult their own tax
advisers about PFIC rules generally and about the advisability, procedure and
timing of their making any of the available tax elections, including the QEF or
"mark-to-market" elections. U.S. shareholders who choose to make the QEF
election should contact Arie Ganot, MIND's Chief Financial Officer, at
+972-4-993-6637 or by electronic mail at arie@mindcti.com in order to receive
the necessary financial information.

About MIND
MIND is a leading provider of Billing & Customer Care, Accounting and Management
solutions for multiple IP services including Voice, Data, Content and Unified
Messaging. MIND's billing and customer care solutions are servicing millions of
subscribers worldwide. MIND's multiple IP services billing system provides ISPs,
ITSPs and telcos with a real time solution for billing diverse IP services. MIND
operates from its Israeli headquarters and provides sales and support services
to its worldwide customer base from offices in the United States, Europe, China
and Japan. For information about MIND and its products visit the company Web
site: http://www.mindcti.com

Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private
Securities Litigation Reform Act of 1995: All statements other than historical
facts included in the foregoing press release regarding the Company's business
strategy are "forward looking statements." These statements are based on
management's beliefs and assumptions and on information currently available to
management. Forward-looking statements are not guarantees of future performance.
They involve risks, uncertainties, and assumptions, including the risks
discussed in the Company's filings with the United States Securities Exchange
Commission.


For More Information Please Contact:
Sharon Litmanovich
MIND CTI Ltd.
Phone: +972-4-993-6648
Email: investor@mindcti.com

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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