Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FOSSEEN DWAYNE
   2. Issuer Name and Ticker or Trading Symbol
MIRENCO INC [MREO] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
PO BOX 343, 206 MAY ST		 3. Date of Earliest Transaction (Month/Day/Year)
03/05/2008
(Street)

RADCLIFFE, IA 50230		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               8,428,445 D  
Commons Stock               2,000 I Spouse

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 0.16 03/05/2008   A   2,000   03/04/2008 01/31/2014 Common Stock 2,000 $ 0 2,000 D  
Stock Options (Right to Buy) $ 0.2125             05/07/2007 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.25             02/16/2007 01/31/2014 Common Stock 1,000   1,000 D  
Convertible Preferred Stock (1)               (1)(2)   (1)(2) Common Stock 17,500   3,500 D  
Stock Options (Right to Buy) $ 0.2625             09/13/2006 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options $ 0.375             05/15/2006 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.275             03/16/2006 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.1562             02/13/2006 01/31/2014 Common Stock 1,000   1,000 D  
Warrants $ 0.15             12/31/2005   (3) Common Stock 370,000   370,000 D  
Stock Options (Right to Buy) $ 0.3125             09/09/2005 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.25             05/09/2005 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.28             03/22/2005 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.375             12/16/2004 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.375             12/03/2004 01/31/2014 Common Stock 1,000   1,000 D  
Warrants to Purchase Stock $ 0.25             08/04/2004   (3) Common Stock 1,000,000   1,000,000 D  
Stock Options (Right to Buy) $ 0.375             08/27/2004 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.5             06/28/2004 01/31/2014 Common Stock 1,000   1,000 D  
Stock Options (Right to Buy) $ 0.6325             04/14/2001 01/31/2014 Common Stock 250   250 I Spouse
Stock Options (Right to Buy) $ 0.29             12/28/1998 12/28/2008 Common Stock 36,000   36,000 I Spouse

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FOSSEEN DWAYNE
PO BOX 343
206 MAY ST
RADCLIFFE, IA 50230		       CEO  

Signatures

 Dwayne L. Fosseen   03/05/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 1 Security converts to Common Stock on a one to five basis. Convertible Preferred Stock is convertible at any time at the holder's election before the call date 12/31/2011.
(2) 2 Security is callable by the issuing company, with 6% interest paid on value of $1 per share, if not converted by 12/31/2011. Company has option to call by 12/31/2009, after due notice is given.
(3) 3 Warrants have no Expiration date.

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