SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549
                          FORM 10-QSB

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


For quarter ended September 30, 1999

Commission File Number 2-15966


                      TAYCO DEVELOPMENTS, INC.
     (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



             NEW YORK                           16-0835557
(State or other Jurisdiction of           (I.R.S. Employer
 incorporation or organization)            Identification Number)



100 TAYLOR DRIVE, NORTH TONAWANDA, NEW YORK            14120-0748
Address of principal executive offices                   Zip Code

Registrant's telephone number, including area code -  716-694-0877


Indicate by check mark whether the registrant (1) has filed all
annual, quarterly, and other reports required to be filed with all
the Commission and (2) has been subject to the filing requirements
for at least the past 90 days.

Yes  X   No

Indicate the number of shares outstanding, of each of the Issuer's
classes of common stock as of the close of the period covered by
this report.

        CLASS                    Outstanding at September 30, 1999
    Common Stock                             990,213
  ($.05 par value)

<PAGE>
                          FORM 10-QSB
                TAYCO DEVELOPMENTS, INC. - INDEX


PART I - FINANCIAL INFORMATION

                                                         PAGE NO.

     Item 1.   Financial Statements

               Balance Sheets                                   3
               September 30, 1999, and June 30, 1999

               Statement of Income for three months             4
               ended September 30, 1999 and
               September 30, 1998

               Statement of Cash Flows for three months         5
               ended September 30, 1999 and
               September 30, 1998

               Notes to Condensed Financial Statements          6

     Item 2.   Management's Discussion and Analysis of          7
               the Financial Condition and Results of
               Operations


PART II - OTHER INFORMATION

     Item 1.   Legal Proceedings                               10

     Item 2.   Changes in Securities                           10

     Item 3.   Defaults Upon Senior Securities                 10

     Item 4.   Submission of Matters to Vote of Security       10
               Holders

     Item 5.   Other Information                               10

     Item 6.   Exhibits                                        10

     SIGNATURES                                                11


                          FORM 10-QSB

           TAYCO DEVELOPMENTS, INC. -  BALANCE SHEET

     ASSETS                            9/30/99          6/30/99
Current
  Cash                               $      29,230      $    40,884
  Receivables - Affiliates, Current       197,672          176,440
  Prepaid Other Expenses                   10,398            5,810
    Total Current Assets                  237,300          223,134
Investments - Affiliate, at Equity      1,743,878        1,712,828
  Furniture and Equipment - at Cost       73,389           73,389
Less:  Accumulated Depreciation           66,574           65,674
                                       1,750,693        1,720,543
Other Assets
  Patents, Net                           132,091          126,503
  Receivables - Affiliates, Long-term     - 0 -            - 0 -
  Cash Value - Life Insurance, Net        66,098           66,098
      Total Other Assets                 198,189          192,601

TOTAL ASSETS                        $  2,186,182      $ 2,136,278


     LIABILITIES AND STOCKHOLDERS' EQUITY
Current
  Payables - Trade                  $     - 0 -       $    - 0 -
  Payables - Affiliate                    - 0 -            - 0 -
  Current Portion of Long Term Debt        5,897           14,411
  Accrued Income Taxes                     8,047           22,896
  Accrued Expenses                        25,741            6,768
    Total Current Liabilities             39,685           44,075
  Long-term Debt                              -0-              -0-
  Deferred Income Taxes                    2,400            2,400

Stockholders' Equity
  Common Stock, par value $.05
  per share, 1,000,000 shares
  authorized,  990,213 issued             49,696           49,696
  Paid - In Capital                      670,605          670,605
  Retained Earnings                    1,429,425        1,375,131
                                       2,149,726        2,095,432
Less: Cost of Treasury Stock
        3,709 shares at Cost               5,629            5,629
   Total Stockholders' Equity          2,144,097        2,089,803
                                     $ 2,186,182      $ 2,136,278

<PAGE>
                          FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.
           CONSOLIDATED CONDENSED STATEMENT OF INCOME



                                  THREE MONTHS ENDED SEPTEMBER 30



                                        1999             1998

NET SALES
   Royalties                        $   52,893       $   37,626
   Research and Development             67,340           65,902
         Total Revenues                120,233          103,528

EXPENSES
   Research and Development             41,975           36,987
   Selling, General Administrative      36,898           33,662
   Amortization - Patents                4,200            3,900
         Total Expenses                 83,073           74,549


         Operating Income               37,160           28,979


OTHER INCOME/(EXPENSE)                  (1,316)             826
Income Before Provision for Income      35,844           29,805
   Taxes and Equity in Net Income
   of Affiliates


Provision for Income Taxes              12,600            9,000


Net Income before Equity in             23,244           20,805
   Net Income of Affiliates
Equity in Net Income of Affiliates      31,050           32,465
Net Income                           $  54,294         $ 53,270

Net Income per Share                 $     .05         $    .05

<PAGE>
                           FORM 10-QSB
                     TAYCO DEVELOPMENTS, INC.
                      STATEMENT OF CASH FLOW


                                  THREE MONTHS ENDED SEPTEMBER 30

                                          1999            1998
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income                             $ 54,294         $ 53,270
Adjustments to Reconcile                    -0-              -0-
     Net Income/to Net
Net Cash Provided by Operating
     Activities:
     Amortization - Patents               3,300            3,000
       Equity in Net Income of
       Affiliates                       (31,050)         (32,465)
   Changes in:
     Receivables - Affiliates           (21,232)             853
     Prepaid Expenses                    (4,588)          (4,163)
     Payables  -    Trade                   -0-              -0-
               -    Affiliates              -0-              -0-
     Accrued Income Taxes               (14,849)           4,297
     Accrued Expenses                    18,973           (6,720)
     Amounts due to Stockholder          (8,514)          (5,176)
     Net Property, Plant & Equipment        900              900
     Net Cash Provided by Operating
        Activities                       (2,766)          13,796

CASH FLOWS FROM INVESTING ACTIVITIES

     Acquisition of Patents              (8,888)          (1,450)
     Net Increase in Cash               (11,654)          12,346


     Cash Balance, Beginning of Period   40,884           25,063
     Cash Balance, End of Period       $ 29,230         $ 37,409





                          FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.
      NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENT



1.   In opinion of the Company, the accompanying unaudited
     consolidated condensed financial statements contain all
     adjustments necessary to present fairly the financial position
     as of September 30, 1999 and the results of operations for the
     three months ended.

2.   There is no provision nor shall there be any provision for
     profit sharing, dividends, or any other benefits of any nature
     at any time for this fiscal year.

3.   For the three month period ended September 30, 1999 to
     calculate the earnings per share, the profit was divided by
     990,213 shares outstanding less Treasury Shares of 3,709.

4.   The results of operations for the three month period ended
     September 30, 1999, are not necessarily indicative of the
     results to be expected for the full year.

<PAGE>
                          FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.
          MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE
         FINANCIAL CONDITION AND RESULTS OF OPERATIONS



     The following is Management's discussion and analysis of
certain significant factors which have affected the Company's
earnings during the periods included in the accompanying
consolidated condensed statements of income.

     The Private Securities Litigation Reform Act of 1995 provides
a "safe harbor" for forward-looking statements.  Certain matters
discussed in this section and elsewhere in this report are forward-
looking statements.  As such, these statements involve risks and
uncertainties including, but not limited to, economic conditions,
product demand and industry capacity, competition, pricing
pressures, the need for the Company to keep pace with customer
needs and technological developments, and other factors.

     A summary of the period to period changes in the principal
items included in the consolidated statements of income is shown
below:

                           Comparisons of three months ended
                        September 30, 1999 vs. September 30, 1998
                                           Increase  (Decrease)
Royalties                                      $ 15,267
Research and Development Revenue                  1,438
R&D Expense                                       4,988
SG&A                                              3,236
Amortization                                        300
Operating Income                                  8,181
Other Income (Expense)                            2,142
Income Before Taxes and Equity in Affiliates      6,039
Provision for Taxes                               3,600
Equity in Affiliates                             (1,415)
Net Income                                        1,024
                          FORM 10-QSB
                     TAYCO DEVELOPMENTS, INC.
                 MANAGEMENT'S DISCUSSION (CONT'D)

     Royalty Income helped the Company record another strong fiscal
quarter for the three months ending September 30, 1999.

     For the first quarter of Fiscal Year 2000, total Revenues
increased by $16,705 to a total of $120,233, a 16.1% improvement
over the first quarter of Fiscal Year 1999.  The increase was
driven primarily by Royalties, which accounted for $15,267 of the
change.  Total expenses also rose from $74,549 in the first quarter
of FY99 to $83,073 for the first quarter of FY00 as the Company
continued to increase its commitment of resources, both technical
and administrative, to expanding its patent base.  Increased travel
expense was a key component of the rise in Total Expenses,
reflecting numerous visits to customer facilities and test sites.
The net of the increased Total Revenues and increased Total
Expenses was an $8,181 increase in Operating Income, representing
a 28.2% improvement for FY00 compared to FY99.

     A small change in Other Income and an increase in the
Provision for Income Taxes left Net Income Before Equity in the Net
Income of Affiliates at $23,244 for FY00, an improvement of 11.1%
and $2,439 over FY99.  The Company's Equity in the Net Income of
Affiliates declined slightly from $32,465 in FY99 to $31,050 in
FY00, resulting in a Net Income of $54,294 for the first quarter of
FY00, up $1,024 and 1.9% from the Net Income figure of $53,270
recorded for the first quarter of FY99.

     The Balance Sheet figures remained fairly stable for the two
periods being compared.  The one item of interest is the relatively
small amount, $5,897 of Long Term Debt remaining.  This amount will
be paid off by the end of calendar year 1999 at which point the
Company will be free of all debts and loan guarantee obligations
for the first time since the 1991 restructuring.

     The Company's technical staff is currently focusing on several
projects at differing levels of progress.  A study to determine the
viability of vibration damping units on the experiments to be
conducted in the International Space Station is now in the
feasibility stage.  The Company's affiliate, Devices, has submitted
proposals to supply dampers and shock transmission units for two
sizeable seismic isolation projects to be undertaken in Korea.
Another product, used for vibration and shock isolation in newer,
smaller navigational units, has passed U.S. Navy tests and received
all required clearances for use.
<PAGE>
                           FORM 10-QSB
                     TAYCO DEVELOPMENTS, INC.
                MANAGEMENT'S DISCUSSION, (CONT'D)

     Management believes that the good financial results for the
first quarter and continued favorable prospects for Devices
receiving orders using the Company's patented products are strong
indicators that the Company will show positive results for Fiscal
Year 2000.

Year 2000

     Certain statements included in this discussion regarding the
Company's Year 2000 (Y2K) compliance are forward looking
statements.  These include management's best estimates for
completion dates for certain priorities.  Specific factors that
might cause material differences include, but are not limited to,
the ability to locate and correct, if needed, any relevant software
and embedded components or the compliance of third parties.  The
Company's assessments of the effects of Y2K on the Company are
based, in part, upon the information received from third parties
and the Company's reliance on such information.  Consequently, the
risk that inaccurate information has been supplied by a third party
upon which the Company may rely, must be considered as a risk
factor that could affect the Company's Y2K efforts.

     The Company's primary software is an off-the-shelf, widely
used product, designed to accommodate the Y2K.  Should a failure
occur, it could result in some unknown level of inconvenience until
the software is modified or replaced.  The Company's computers have
been tested for functionality after January 1, 2000, and
modifications were made where required.

     The Company has been notified by Devices, our transfer agent
and SEC filing agent, that the shareholder program previously
reported as not being Y2K compliant has been replaced.  Devices,
has successfully installed a Y2K compliant shareholder program and
completed a successful testing at the end of the second quarter of
calendar 1999.

     Management believes the Company is substantially Y2K compliant
with respect to its general operations.  However, there can be no
guarantee that the systems of other companies on which the
Company's systems may rely on will be converted on a timely basis
or that a failure to convert by another company, or a conversion
that is incompatible with the Company systems would not have a
material impact on the Company.  The Company believes that all
areas could temporarily function by manual methods of operation.
                           FORM 10-QSB
                     TAYCO DEVELOPMENTS, INC.
                 MANAGEMENT'S DISCUSSION (CONT'D)

At this time, management is unaware of any Y2K problems other than
a universal disruption of power, communications, transportation,
banking, etc. that could have a significant impact on the Company's
operation.


PART II - OTHER INFORMATION

     ITEM 1    Legal Proceedings - the Company is not currently
               engaged in any litigation.

     ITEM 2    Changes in Securities - None

     ITEM 3    Defaults Upon Senior Securities - None

     ITEM 4    Submission of Matters to Vote of Securities
               Holders - None

     ITEM 5    Other Information - None

     ITEM 6    Exhibits - None


                          FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.


                           SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.



TAYCO DEVELOPMENTS, INC.
(Registrant)





By   /s/ Douglas P. Taylor                Date   10/25/99
    Douglas P. Taylor
    Chairman of the Board of Directors
    President
    (Principal Executive Officer)



          AND




By   Kenneth G. Bernstein                  Date   10/25/99
     Kenneth G. Bernstein
     Chief Accounting Officer