SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC 20549

                          FORM 10-QSB

     [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended MARCH 31, 2004

     [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

    For the transition period from            to


                 Commission file number 0-28887


                     TELCO-TECHNOLOGY, INC.
(Exact name of Small Business Issuer as Specified in its Charter)


Delaware                                               22-3328734
(State or Other Jurisdiction                      (I.R.S. Employer
of Incorporation or                                 Identification
Organization)                                             Number)

                       68 Skyview Terrace
                   Clifton, New Jersey 07013
            (Address of Principal Executive Offices)

                         (973) 523-0835
        (Issuer's Telephone Number, Including Area Code)


Check whether the Issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

            Yes  [ X ]          No  [     ]


State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

         Common, $.001 par value per share: 24,954,944
                outstanding as of March 31, 2004

<PAGE>



                PART I - FINANCIAL INFORMATION

                     TELCO-TECHNOLOGY, INC.


                 Index to Financial Information
                  Period Ended March 31, 2004



                        Item
                                             Page

Item 1 -  Financial Statements:

          Balance Sheet                        3

          Statements of Expenses               4

          Statements of Cash Flows              5

          Notes to Financial Statements         6

Item 2 -  Management's Discussion and
          Analysis or Plan of Operation         7

Item 3 -  Controls and Procedures               8


<PAGE>

                     Telco-Technology, Inc.
                          Balance Sheet
                         March 31, 2004
                           (unaudited)



   ASSETS

Cash                                               $      1,351
                                                       ========


   LIABILITIES & STOCKHOLDERS' DEFICIT

Current Liabilities
 Accounts payable                                 $      17,947
 Accrued expenses                                        19,810
 Notes payable                                           93,253
 Notes payable to related parties                        20,000
                                                  -------------
    Total Current Liabilities                           151,010
                                                  -------------

    STOCKHOLDERS' DEFICIT

Preferred stock, $.001 par, 20,000,000 shares
  authorized, none issued or outstanding
Common stock, $.001 par, 200,000,000 shares
  authorized, 24,954,944 shares issued and
  outstanding                                            24,955
Paid-in capital                                       4,130,386
Retained deficit                                     (4,305,000)
                                                  -------------
    Total Stockholders' Deficit                       ( 149,659)
                                                  -------------
    Total Liabilities & Stockholders' Deficit      $      1,351
                                                       ========


<PAGE>

                     Telco-Technology, Inc.
                     Statements Of Expenses
           Three Months Ended March 31, 2004 and 2003
                           (unaudited)





                                            2004                   2003
                                        -------------           ------------

General & administrative                 $  293,659             $   82,700
                                         -------------          ------------
Net loss                                 $ (293,659)            $  (82,700)
                                           =========              =========

Basic and diluted net loss
per common share                            $(.01)              $     (.01)

Weighted average common
  shares outstanding                     24,621,611             16,190,777

<PAGE>


                     Telco-Technology, Inc.
                    Statements of Cash Flows
           Three Months Ended March 31, 2004 and 2003
                           (unaudited)


                                                2004              2003
                                            -----------        -----------

CASH FLOWS FROM OPERATIONS
 Net loss                                   $ (293,659)       $(82,700)
 Adjustments to reconcile net loss to
  cash used in operating activities:
   Stock issued for services                   286,000         145,995
 Changes in:
  Accounts payable                               5,618           4,840
  Accrued expenses                               1,974           1,938
                                           -----------        ----------
  NET CASH USED IN OPERATING ACTIVITIES           ( 67)         70,073
                                           -----------        ----------
CASH FLOWS FROM FINANCING ACTIVITIES
 Proceeds from shareholder loans                20,000              -
 Proceeds from notes payable                   (20,000)         75,000
                                            ----------         ---------
  NET CASH USED BY FINANCING ACTIVITIES             -          (75,000)

  NET CHANGE IN CASH                              ( 67)        ( 4,927)
                                            ----------         ---------
  CASH BEGINNING                                1,418           10,299
                                            ----------         ---------
  CASH ENDING                               $   1,351          $ 5,372
                                              =======           ======

<PAGE>




                     Telco-Technology, Inc.
                  Notes To Financial Statements
                           (unaudited)


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Telco-
Technology, Inc., a Delaware corporation ("Telco"), have been
prepared in accordance with accounting principles generally
accepted in the United States of America and the rules of the
Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes
thereto contained in the Telco's latest Annual Report filed with
the SEC on Form 10-KSB.  In the opinion of management, all
adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the
results of operations for the interim periods presented have been
reflected herein.  The results of operations for interim periods
are not necessarily indicative of the results to be expected for
the full year.  Notes to the financial statements which would
substantially duplicate the disclosure contained in the audited
financial statements for the most recent fiscal year, 2003, as
reported in Form 10-KSB, have been omitted.


NOTE 2 - COMMON STOCK

In January 2004, Telco issued 1,000,000 shares of common stock to
Donalson Corporation valued at $180,000 for payment of the
$74,000 owed for the consulting agreement as of December 31, 2003
and $106,000 for additional consulting services.

In January 2004, Telco issued 1,000,000 shares of common stock
valued at $180,000 for consulting services.


NOTE 3 - LOANS FROM SHAREHOLDERS

On March 2, 2004, Donald McKelvey loaned $20,000 to Telco for
payment of outstanding notes.  The note is due on demand, bears
8% interest and has no collateral.

<PAGE>




Item 2.   Management's Discussion and Analysis or Plan of
          Operation.

     The  following discussion should be read in conjunction with
the  Financial  Information and Notes thereto  included  in  this
report and is qualified in its entirety by the foregoing.

Forward-Looking Statements

      This report contains certain forward-looking statements and
information relating to the Company that are based on the beliefs
and  assumptions  made  by the Company's management  as  well  as
information currently available to the management.  When used  in
this document, the words "anticipate", "believe", "estimate", and
"expect"  and  similar  expressions,  are  intended  to  identify
forward-looking statements.  Such statements reflect the  current
views  of  the  Company  with respect to future  events  and  are
subject to certain risks, uncertainties and assumptions.   Should
one  or  more  of  these risks or uncertainties  materialize,  or
should underlying assumptions prove incorrect, actual results may
vary  materially  from  those described  herein  as  anticipated,
believed,  estimated or expected.  Certain  of  these  risks  and
uncertainties are discussed  under the caption "Uncertainties and
Risk Factors" in  Part I, Item 1 "Description of Business" of the
Company's  Annual  Report  on Form  10-KSB  for  the  year  ended
December  31,  2003. The Company does not intend to update  these
forward-looking statements.

Overview

      Telco-Technology, Inc. (the "Company") was organized  under
the  laws  of the State of Nevada on November 23, 1993 under  the
name Haycock Morrison Inc. ("Haycock").  In January 1995, Haycock
entered  into  an  acquisition agreement with  Telco  Technology,
Inc.,  a Delaware corporation ("Telco").  After giving effect  to
the  above  transaction,  the Company ceased  all  activities  as
Haycock  and  changed  its  name to Telco-Technology,  Inc.   The
Company continued the business operations then conducted by Telco
of  providing  long  distance  telephone  services  and  computer
networks  for voice and data transmissions which operations  were
primarily   conducted   in  the  State  of   Massachusetts   (the
"Massachusetts   Operations").   In   1998,   the   Company   was
reorganized  as  a  Delaware corporation.  The Company  continued
such operations until June 1999.

      In June 1999, the Company sold the Massachusetts Operations
to a company affiliated with a former officer and director of the
Company.   As  a  result of the foregoing,  the  Company  has  no
current  business  operations and since  then  has  been  seeking
another business opportunity.

Plan of Operation

      In  1999, management decided that it would be in  the  best
interests  of the Company and its stockholders to seek additional
business opportunities and sell the Massachusetts Operations, its
then  sole  business operations. As a result of the sale  of  the
Massachusetts Operations which occurred in June 1999, the Company
has  no  current  business operations.  As  such,  the  Company's
principal  business  purpose  at  this  time  is  to  locate  and
consummate  a  merger or acquisition with a private entity.  With
the  sale  of the Massachusetts Operations, Management  has  been
focusing on other business opportunities in its attempt to locate
and  consummate such a merger or acquisition. It should be  noted
that  the  Company likely has insufficient capital with which  to
make  any  acquisitions.  Accordingly, in any of the transactions
to  merge with or acquire a private entity, it is likely that the
consideration utilized to make any acquisitions will  consist  of
equity securities.

     Management anticipates that it may be able to participate in
only  one  potential  business  venture,  due  primarily  to  the
Company's  limited  financing.  In September  2003,  the  Company
signed  a letter of intent to merge with a Hong Kong-based  media
company  with  operations  in  Beijing,  China.   The  terms

<PAGE>

and
conditions  of  the transaction have not yet been  finalized  and
there  can  be  no  assurance that the Company will  be  able  to
complete  this  transaction  or acquire  any  other  business  or
business  opportunity  at all, or that any business  or  business
opportunity the Company acquires will prove successful or will be
able to operate profitably.

      The  Company  reported no revenue from operations  for  the
three  months  ended  March 31, 2004 and March  31,  2003.    The
Company   recognized  approximately  $294,000  in   general   and
administrative expenses for the three months ended March 31, 2004
compared  to  approximately $83,000 for the  three  months  ended
March  31,  2003.   Such  increase  was  primarily  due  to   the
recognition  of expenses which occurred during the first  quarter
of  2004  resulting  from  the dollar  value  attributed  to  the
issuance of shares for consulting services.  For the three months
ended March 31, 2004, the Company had a net loss of approximately
$294,000 compared to a net loss of approximately $83,000 for  the
three months ended March 31, 2003.

Liquidity and Capital Resources

     On March 31, 2004, the Company had a working capital deficit
of   approximately  $(150,000)  and  stockholders'   deficit   of
approximately  $(150,000).  At March 31, 2004,  the  Company  had
approximately  $1,000  in  cash, total  assets  of  approximately
$1,000 and total liabilities of approximately $151,000.

     During 2002, the Company obtained loans from certain private
parties  in the aggregate amount of $110,000.  All of such  loans
bear  interest at 6.75% and mature in six months after  issuance.
As  of the date hereof, the Company is in default of these loans.
In  March 2004, Donald R. McKelvey loaned $20,000 to the  Company
which  proceeds  were used to repay a portion of the  outstanding
loans.   The  loan from Mr. McKelvey is due on demand  and  bears
interest at 8% per annum.

       As  a  result  of  the  Company's  recurring  losses  from
operations  and net capital deficiency, the Company's independent
auditor's  report,  dated  March 4,  2004,  for  the  year  ended
December 31, 2003, states that these conditions raise substantial
doubt about the Company's ability to continue as a going concern.
With  the sale of the Massachusetts Operations in June 1999,  the
Company's  only  operating division, the Company has  no  current
operations.  Since then, the Company has been focusing  on  other
business opportunities in its attempt to locate and consummate  a
merger  or  acquisition with a private entity.  There can  be  no
assurance, however, that the Company will be able to acquire  any
business or business opportunity or that any business or business
opportunity the Company acquires will prove successful or will be
able to operate profitably.


Item 3.        Controls and Procedures.

     The  Company's  Principal Executive  Officer  and  Principal
Financial Officer has reviewed the Company's disclosure  controls
and  procedures  as  of  the end of the period  covered  by  this
report.   Based upon this review, such officer believes that  the
Company's  disclosure controls and procedures  are  effective  in
timely  alerting  him  to  material information  required  to  be
included  in this report. There have been no significant  changes
in internal control over financial reporting that occurred during
the  fiscal  quarter covered by this report that have  materially
affected,  or  are  reasonably likely to materially  affect,  the
Company's internal control over financial reporting.

<PAGE>

                   PART II - OTHER INFORMATION


Item 1.        Legal Proceedings.

               None.


Item 2.        Changes in Securities.

          In January 2004, the Company issued 1,000,000 shares to
          Donalson  Capital Corporation ("Donalson"),  a  company
          owned  by Donald R. McKelvey, which shares were  valued
          at $180,000 for the payment of the $74,000 owed under a
          consulting  agreement  with  Donalson  for   2003   and
          $106,000  for additional consulting services.   All  of
          such  shares were issued in reliance upon the exemption
          from  registration  pursuant to  Section  4(2)  of  the
          Securities  Act of 1933, as amended, for  "transactions
          by the issuer not involving any public offering".


Item 3.        Defaults Upon Senior Securities.

          During  2002,  the Company obtained loans from  certain
          private  parties in the aggregate amount  of  $110,000.
          All of such loans bear interest at 6.75% and mature  in
          six  months after issuance.  As of the date hereof, the
          Company  is in default of these loans.  In March  2004,
          Donald R. McKelvey loaned $20,000 to the Company  which
          proceeds   were  used  to  repay  a  portion   of   the
          outstanding loans.


Item  4.       Submission  of Matters to a  Vote  of  Security-
               Holders.

                    None.


Item 5.        Other Information.

            None.


Item 6.        Exhibits and Reports on Form 8-K.

            (a)  Exhibits.

          31.1 Certification of Chief Executive Officer pursuant
     to Section 302 of the Sarbanes-Oxley Act
     of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
          31.2 Certification of Principal Financial Officer
     pursuant to Section 302 of the Sarbanes-Oxley
     Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
          32.1 Certification pursuant to Section 906 of the
     Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)

<PAGE>

              (b)  Reports on Form 8-K.

          Listed  below are reports on Form 8-K  filed
          during the fiscal quarter ended March 31, 2004.

          None.
<PAGE>

                           SIGNATURES

     In accordance with the requirements of the Exchange Act, the
Registrant caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                   TELCO-TECHNOLOGY, INC.
                                   (Registrant)



Dated:    May 13, 2004             By:/s/ Donald R. McKelvey
                                   Donald R. McKelvey,
                                   Chairman of the Board and
                                   President



Dated:    May 13, 2004             By:/s/ Donald R. McKelvey
                                   Donald R. McKelvey,
                                   Principal Financial Officer