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 SEPTEMBER 30, 2001

[ ] 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)

               60 Bowers Lane
         Closter, New Jersey 07624
  (Address of Principal Executive Offices)

               (201) 768-2310
(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: 9,469,944
    outstanding as of September 30, 2001

<PAGE>

      PART I - FINANCIAL INFORMATION

           TELCO-TECHNOLOGY, INC.


       Index to Financial Information
      Period Ended September 30, 2001



Item                                 Page Herein

Item 1 - Financial Statements:

Balance Sheet                           3

Statements of Operations                4

Statements of Cash Flows                5

Notes to Financial Statements           6


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

<PAGE>



<TABLE>
<CAPTION>


                        Telco-Technology, Inc.
                             Balance Sheet
                       As of September 30, 2001



   ASSETS

<S>                                                            <C>
Cash                                                           $     4,064
Prepaid expenses                                                       200
                                                               -----------
    Total Assets                                               $     4,264
                                                               ===========


 LIABILITIES & STOCKHOLDERS'EQUITY

Accounts payable                                               $    22,119
Due to related party                                                90,000
                                                               -----------
    Total Liabilities                                              112,119

    STOCKHOLDERS' DEFICIT

Preferred stock, $.001 par, 2,000,000 shares
  authorized, none issued or outstanding
Common stock, $0.001 par, 13,000,000 shares
  authorized, 9,469,944 shares issued and
  outstanding                                                        9,470
Paid-in capital                                                  2,927,805
Retained deficit                                                (3,045,130)
                                                               -----------
    Total Stockholders' Deficit                                 (  107,855)
                                                               -----------
    Total Liabilities & Stockholders' Deficit                  $     4,264
                                                               ===========
</TABLE>

<PAGE>


<TABLE>
<CAPTION>



                        Telco-Technology, Inc.
                       Statements Of Operations
              For the Three Months and Nine Months Ended
                      September 30, 2001 and 2000


                           3 Months          9 Months     3 Months    9 Months
                           Ended             Ended        Ended       Ended
                           Sep. 30,          Sep. 30,     Sep. 30,    Sep. 30,
                           2001              2001         2000        2000
                           ---------         ---------    ---------   ---------

<S>                         <C>              <C>          <C>           <C>
General & administrative    $  22,015        $ 109,181    $  40,513     $ 120,852
                            ---------        ---------    ---------     ---------
Net loss                    $ (22,015)       $(109,181)   $ (40,513)    $(120,852)
                            =========        =========    =========     =========

Net loss per common share       $(.00)           $(.01)       $(.00)        $(.01)

Weighted average common
  shares outstanding        9,469,944        9,458,833    8,869,944     8,869,944


</TABLE>

<PAGE>

<TABLE>
<CAPTION>


                        Telco-Technology, Inc.
                       Statements of Cash Flows
         For the Nine Months Ended September 30, 2001 and 2000


                                                          2001                2000
                                                       ---------           ---------
<S>                                                    <C>                 <C>

CASH FLOWS FROM OPERATIONS
Net deficit                                            $(109,181)          $(120,852)
Adjustments to reconcile net deficit to
cash provided by operating activities
   Rent paid by contribution to capital                                       13,500
  Changes in:
  Accounts payable                                         5,000            ( 13,000)
  Due to related party                                    90,000              80,000
 ---------                                             ---------
NET CASH USED BY OPERATING ACTIVITIES                   ( 14,181)           ( 40,352)

CASH FLOWS FROM INVESTING ACTIVITIES
 Repayment of officer loan                                                    20,000

CASH FLOWS FROM FINANCING ACTIVITIES
Sales of common stock                                     15,000
     ---------                                           ---------
NET INCREASE (DECREASE) IN CASH                              819            ( 20,352)
CASH BEGINNING                                             3,245              26,965
     ---------                                         ---------
CASH ENDING                                            $   4,064           $   6,613
                                                       =========           =========


</TABLE>

<PAGE>

Telco-Technology, Inc.
Notes To Financial Statements


NOTE A - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of
Telco-Technology, Inc., a Delaware corporation
("Company"), have been prepared in accordance with generally
accepted accounting principles 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
Company'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, 2000, as reported
in Form 10-KSB, have been omitted.


NOTE B - LOAN RECEIVABLE FROM OFFICER & MAJORITY SHAREHOLDER

The Company had a loan receivable from an officer and majority
shareholder of $198,006 as of December 31,
2000.  The amount has been reclassified to additional paid in
capital due to the fact that it is not


<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.

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 1994,
Haycock completed the sale of certain shares of its Common
Stock pursuant to an exemption provided by Rule 504 of
Regulation D promulgated under the Securities Act of 1933, as
amended. On January 27, 1995, Haycock entered into an
acquisition agreement with Telco Technology, Inc., a Delaware
corporation ("Telco").  Pursuant to the terms of the
acquisition, Haycock issued 5,000 shares of its Common Stock
which represented 60% of the then outstanding Common Stock of
Haycock.

     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 in exchange for the return of 950,000
shares of Common Stock to the Company, and the assumption of
all liabilities of the Massachusetts Operations.  As part of
the agreement, the Company also agreed to forgive all officer
loans due from such individual  (which amounted to
approximately $118,000).  As a result of the foregoing, the
Company  has no current business operations.  As such, the
Company can now be defined as a "shell" corporation, whose
principal business purpose at this time is to locate and
consummate a merger or acquisition with a private entity.

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.

     Management plans to investigate, research and, if
justified, potentially acquire or merge with one or more
businesses or business opportunities. The Company currently has
no commitment or arrangement, written or oral, to participate
in any business opportunity and management cannot predict the
nature of any potential business opportunity it may ultimately
consider. Management will have broad discretion in its search
for and negotiations with any potential business or business
opportunity.

     The Company has determined to initially limit its search
for a potential business or business opportunity to firms
involved or intending to be involved in the telecommunications
and/or internet industries.  In this regard, the Company will
not  restrict its search to any specific geographical location,
and the Company may participate in a business venture of
virtually any kind or nature.   In addition, the Company may
determine at a future date to seek a potential business or
business opportunity in another industry in the event the
Company does not consummate a transaction with a business or
business opportunity in the telecommunications and/or internet
industries.

<PAGE>

Liquidity and Capital Resources

     On September 30, 2001, the Company had a working capital
deficit of approximately $(108,000), a deficit to debt ratio of
approximately (.96) to 1, and stockholders' deficit of
approximately $(108,000).  At September 30, 2001, the Company
had approximately $4,000 in cash, total assets of approximately
$4,000 and total liabilities of approximately $112,000.  During
the quarter ended September 30, 2001, the Company reclassified
a loan receivable from an officer and majority shareholder of
$198,006 as of December 31, 2000 to additional paid in capital
due to the fact that it is not collectible.

     As a result of the sale of the Massachusetts Operations,
the Company  has no current business operations.   As such, the
Company can now be defined as a "shell" corporation, whose
principal business purpose at this time is to locate and
consummate a merger or acquisition with a private entity.
Management expects that the sale of the Massachusetts
Operations will allow the Company to focus on other business
opportunities in its attempt to locate and consummate such a
merger or acquisition.  In view of the Company's current
limited cash position, the Company intends to complete such a
transaction in the next twelve months.  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.

     In January 2001, the Company in a private placement of
securities sold 100,000 shares of Common Stock at $.15 per
share to a director of the Company for gross proceeds of
$15,000 for working capital.  However, in order to meet certain
working capital needs and operating expenses in the next twelve
months in the Company's attempt to locate and effect a business
combination, it may be necessary for the Company to attempt to
raise additional funds.  As of the date hereof, the Company has
not made any arrangements to raise any capital.  In the event
the Company does attempt to raise capital most likely the only
method available to the Company would be a private sale of its
securities.  Because of the current status of the Company as a
"shell" corporation, it is unlikely that it would be able to
obtain additional funding from either a bank or other
commercial lender.  There can be no assurance  that the Company
will be able to obtain additional funding when needed, or that
such funding, if available, can be obtained on terms acceptable
to the Company.  In addition, there can be no assurance that
the Company will be able to acquire any business or business
opportunity within such period of time or at any time at all,
or that any business or business opportunity the Company
acquires will prove successful or  will be able to operate
profitably.

Forward-Looking Statements

     This report contains certain forward-looking statements
that are based upon the beliefs and assumptions of, and
information available to, the management of the Company at the
time such statements are made.  Words such as "expects",
"anticipates", "intends", "plans", "believes", "seeks",
"estimates", or variations of such words and similar
expressions are intended to identify such forward-looking
statements.  The statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions which are difficult to predict.  Therefore, actual
outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements.
The Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new
information, future events or otherwise.

<PAGE>


PART II - OTHER INFORMATION

Item 1.        Legal Proceedings.

               None.

Item 2.        Changes in Securities.

               None.

Item 3.        Defaults Upon Senior Securities.

               None.

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.

               There are no exhibits applicable to this Form
               10-QSB.

               (b)  Reports on Form 8-K.

               Listed below are reports on Form 8-K filed
               during the fiscal quarter ended September 30,
               2001.

               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: November 14, 2001   By: /s/ Donald R. McKelvey
                           Donald R. McKelvey,
                           Chairman of the Board and
                           President



Dated: November 14, 2001   By: /s/ Donald R. McKelvey
                           Donald R. McKelvey,
                           Principal Financial
                           Officer