FORM 55-102F6
INSIDER REPORT
Box 1. Name of the Reporting Issuer (Block Letters)
MICROMEM TECHNOLOGIES INC.
Box 2.  Insider Data
Relationship(s) to Reporting Issuer		Date of Last Report Filed
4		or	5	3	2001
			Day	Month	Year
Change in Relationship From Last Report		If Initial Report, Date on Which you Became an Insider
	No
			Day	Month	Year

Box 3. Name, Address and Telephone Number of the Insider (Block Letters)
Family Name or Corporate Name
KENNEDY
Given Names
GEORGE
No.		Street		Apt.
8103 HIGHLAND MEADOWS DRIVE
City
CLINTON
Prov.			Postal Code
MARYLAND	USA		20735
Busin-ess Telephone Number			Change in Name, Address or Telephone Number from last report
301-856-5802
Business Fax Number				NO
301-856-1854

Box 4. Jurisdiction(s) where the issuer is a
	reporting issuer or the equivalent
X	Alberta	X	Ontario
	British Columbia		Quebec
X	Manitoba		Saskatchewan
	Newfoundland
	Nova Scotia

Box 5. Insider Holdings and Changes (if initial report, complete
A	B			C				D	E	F
				Transactions
									Direct/Indirect
Designation of Class of Securities	Balance of Class of Securities on Last Report	Date (Day/Month/Year)	Nature	Number/Value Acquired	Number/Value Disposed of	Unit Price/Exercise Price	USD	Present Balance of Class of Securities Held	Ownership/ Control or Direction	Indentify the Registered Holder where ownership is indirect or where
										control or direction is
										exercised
common share options	500,000	30/06/2002	52		250,000	7.06	x	250,000	1

Attachment		Box 6. Remarks
	No
		The undersigned certifies that the information given in this report is true and complete in every respect. It is an offence to submit information that, in a material respect and at the time and in light of the circumstances in which it is submitted, is misleading or untrue.
Correspondence
x		Box 7. Signature
English	French	Name (block letters) GEORGE KENNEDY	Signature	"signed"	Date of the Report (Day/Month/Year)	13/1/2003