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, 2003

     [ ] 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: 21,854,944
     outstanding as of September 30, 2003

<PAGE>



     PART I - FINANCIAL INFORMATION

     TELCO-TECHNOLOGY, INC.


     Index to Financial Information
     Period Ended September 30, 2003



     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>

<TABLE>
<CAPTION>


                     Telco-Technology, Inc.
                         Balance Sheet
                       September 30, 2003


<S>                                                            <C>
   ASSETS

Cash                                                           $     3,128
                                                               -----------
    Total Assets                                               $     3,128
                                                               ===========


 LIABILITIES & STOCKHOLDERS' DEFICIT

Current Liabilities
 Accounts payable                                              $    27,265
 Accrued expenses                                                   59,856
 Notes payable                                                     113,253
                                                               -----------
    Total Current Liabilities                                      200,374
                                                               -----------


    STOCKHOLDERS' DEFICIT

Preferred stock, $.001 par, 20,000,000 shares
  authorized, none issued or outstanding
Common stock, $.001 par, 200,000,000 shares
  authorized, 21,854,944 shares issued and
  outstanding                                                       21,855
Paid-in capital                                                  3,724,189
Retained deficit                                                (3,943,290)
                                                               -----------
    Total Stockholders' Deficit                                 (  197,246)
                                                               -----------
    Total Liabilities & Stockholders' Deficit                  $     3,128
                                                               ===========
</TABLE>
<PAGE>



<TABLE>

                     Telco-Technology, Inc.
                     Statements Of Expenses
     Three & Nine Months Ended September 30, 2003 and 2002



                                   Three Months                         Nine Months
                               Ended September 30,                  Ended September 30,
                            2003              2002                 2003             2002
                         ---------         ---------            ---------         ---------

<S>                           <C>                  <C>          <C>                <C>
General & administrative       $ 148,309            $ 132,924    $ 285,025           $ 529,881
Bad debt recovery                                                                     ( 10,000)
Interest expense                   1,999                6,184        5,889               7,979
                               ---------            ---------    ---------           ---------
Net loss                       $(150,308)           $(139,108)   $(290,914)          $(527,860)
                               =========            =========    =========           =========

Basic and diluted net
  loss per common share            $(.01)               $(.01)       $(.02)              $(.04)

Weighted average common
  shares outstanding          19,117,444           12,591,611   17,426,055          12,056,055


</TABLE>
<PAGE>


<TABLE>


                     Telco-Technology, Inc.
                    Statements Of Cash Flows
         Nine Months Ended September 30, 2003 and 2002




                                                          2003                2002
                                                       ---------           ---------
<S>                                                    <C>                 <C>

CASH FLOWS FROM OPERATIONS
Net loss                                               $(290,914)          $(527,860)
Adjustments to reconcile net loss to
cash used in operating activities:
   Stock issued for services                             180,995             362,600
   Bad debt provision                                                         25,000
 Changes in:
  Accrued expenses                                        95,896              62,979
  Accounts payable                                         6,852               3,236
                                                       ---------           ---------
NET CASH USED IN OPERATING ACTIVITIES                   (  7,171)           ( 74,045)

CASH FLOWS FROM INVESTING ACTIVITIES
 Loans                                                                      ( 35,000)
 Repayments of loans                                                          10,000
                                                                           ---------
      NET CASH FLOWS USED IN INVESTING ACTIVITIES                           ( 25,000)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable                                                  110,000
Contribution to capital                                                        3,810
                                                                           ---------
   NET CASH PROVIDED BY FINANCING ACTIVITIES                                 113,810
                                                       ---------           ---------
NET CHANGE IN CASH                                      (  7,171)             14,765

CASH BEGINNING                                            10,299                 177
                                                       ---------           ---------
CASH ENDING                                            $   3,128           $  14,942
                                                       =========           =========

Non-Cash Disclosures:
 Stock issued for accrued expenses and
  accounts payable                                     $ 147,695           $     533


</TABLE>
<PAGE>

                     Telco-Technology, Inc.
                  Notes To Financial Statements


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, 2002, as reported in Form 10-KSB, have
been omitted.


NOTE 2 - COMMON STOCK

In January 2003, Telco issued 3,000,000 shares of common stock to
Donalson Capital Corporation valued at $105,000 for payment of the
$85,000 owed for the consulting agreement as of December 31, 2002 and
$20,000 for the first two months of 2003.

In August 2003, Telco issued 1,000,000 shares of common stock to
Donalson Capital Corporation to reduce the amount owed under their
consulting agreement by $26,000.

In September 2003, Telco issued 285,000 shares of common stock to two
vendors to reduce amounts owed to them by $16,695.

In the nine months ending September 30, 2003, Telco issued 4,570,000
shares of common stock valued at $180,995 to three consultants for
services.

<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,  2002. 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 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 (the "Securities Act"). 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 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

<PAGE>

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 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.

Liquidity and Capital Resources

     On September 30, 2003, the Company had a working capital deficit
of approximately $(197,000), a deficit to debt ratio of approximately
(.98) to 1, and stockholders' deficit of approximately $(197,000).  At
September 30, 2003, the Company had approximately $3,000 in cash, total
assets of approximately $3,000 and total liabilities of approximately
$200,000.

     During the quarter ended March 31, 2002, the Company obtained
loans from certain private parties in the aggregate amount of $85,000.
All of such loans bear interest at 6.75% and mature in six months after
issuance.  In July 2002, the Company obtained another loan in the amount
of $25,000 from a certain private party.  The loan bears interest at
6.75% and matures in six months after issuance.  As of the date hereof,
the Company is in default of these loans.



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 2003, the Company issued 3,000,000 shares to Donalson Capital
Corporation ("Donalson"), a company owned by Donald R. McKelvey, which
shares were valued at $105,000 for the payment of the $85,000 owed under
a consulting agreement with Donalson for 2002 and $20,000 for the first
two months of 2003.  In August 2003, the Company issued 1,000,000 shares
to Donalson Capital Corporation to reduce the amount owed under said
consulting agreement by $26,000.  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 the quarter ended March 31, 2002, the Company obtained loans from
certain private parties in the aggregate amount of $85,000.  All of such
loans bear interest at 6.75% and mature in six months after issuance.
In July 2002, the Company obtained another loan in the amount of $25,000
from a certain private party.  The loan bears interest at 6.75% and
matures in six months after issuance.  As of the date hereof, the
Company is in default of these 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 September 30, 2003.

          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 13, 2003       By:  /s/ Donald R. McKelvey
                               Donald R. McKelvey,
                               Chairman of the Board and
                               President

Dated: November 13, 2003       By:  /s/ Donald R. McKelvey
                               Donald R. McKelvey,
                               Principal Financial Officer