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 March 31, 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 March 31, 1999
Common Stock ($.05 par value)                  990,213 
<PAGE>
                          FORM 10-QSB
                TAYCO DEVELOPMENTS, INC. - INDEX


PART I - FINANCIAL INFORMATION
                                                                  
                                                         PAGE NO.

     Item 1.   Financial Statements                              

               Balance Sheets                                   3
               March 31, 1999, and June 30, 1998

               Statement of Income for three months and         4
               nine months ended March 31, 1999 and 
               March 31, 1998                     
               
               Statement of Cash Flows for nine months          5
               ended March 31, 1999 and March 31, 1998
               
               Notes to Consolidated Condensed Financial        6
               Statements
          
     Item 2.   Management's Discussion and Analysis of the      7
               Financial Condition and Results of Operations     


PART II - OTHER INFORMATION

     Item 1.   Legal Proceedings                               11

     Item 2.   Changes in Securities                           11

     Item 3.   Submission of Matters to Vote of Security       11
               Holders

     Item 4.   Other Information                               11

     Item 5.   Exhibits                                        11

     SIGNATURES                                                12



<PAGE>
                          FORM 10-QSB
                                
           TAYCO DEVELOPMENTS, INC. -  BALANCE SHEET
                                  
     ASSETS                             3/31/99          6/30/98
Current
  Cash                               $     34,067      $    25,063
  Receivables - Affiliates, Current       153,069          123,745
  Prepaid Other Expenses                    7,532            4,422
    Total Current Assets                  194,668          153,230
Investments - Affiliate, at Equity     1,624,226        1,517,311
  Furniture and Equipment - at Cost       73,389           73,389 
Less:  Accumulated Depreciation           64,808           62,108 
                                       1,632,807        1,528,592
Other Assets        
  Patents, Net                           129,073          131,089
  Receivables - Affiliates, Long-term     - 0 -            - 0 - 
  Cash Value - Life Insurance, Net        56,780           56,780
      Total Other Assets                 185,853          187,869

TOTAL ASSETS                          $ 2,013,328      $ 1,869,691

     LIABILITIES AND STOCKHOLDERS' EQUITY
Current
  Payables - Trade                   $    - 0 -       $    - 0 -
  Payables - Affiliate                    - 0 -            - 0 -
  Current Portion of Long Term Debt       23,656           33,437
  Accrued Income Taxes                     6,622            4,543
  Accrued Expenses                        12,693           17,375
    Total Current Liabilities             42,971           55,355
  Long-term Debt                          - 0 -            14,411
  Deferred Income Taxes                    3,100            3,100

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                     1,252,585        1,082,153
                                       1,972,886        1,802,454
Less: Cost of Treasury Stock
        3,709 shares at Cost               5,629            5,629
   Total Stockholders' Equity          1,967,257        1,796,825
                                     $ 2,013,328      $ 1,869,691

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


                                Nine Months      Three Months
                                Ended 3/31        Ended 3/31

                               1999     1998     1999     1998
NET SALES
Royalties                    $128,507  104,028  $53,706   41,365 
Research and Development      179,005  227,105   45,387   75,319
 Total Revenues               307,512  331,133   99,093  116,684  

EXPENSES
Research and Development      106,376  106,872   32,612   36,708  
Selling, General
 Administrative               101,390  103,585   26,102   32,852  
Amortization - Patents         11,700   11,250    3,900    3,750  
 Total Expenses               219,466  221,707   62,614   73,310  

 Operating Income              88,046  109,426   36,479   43,374  
 
OTHER INCOME/(EXPENSE)          2,471    1,640      212    1,040  
 Income Before Provision for 
 Income Taxes and Equity in
 Net Income of Affiliates      90,517  111,066   36,691   44,414  
   
Provision for Income Taxes     27,000   33,000   10,800   13,000  

Net Income before Equity in 
 Net Income of Affiliates      63,517   78,066   25,891   31,414  

Equity in Net Income of 
 Affiliates                   106,915   93,117   38,265   37,227  

Net Income                   $170,432  171,183  $64,156   68,641 
Net Income per Share         $   .172     .173  $  .065     .069 





                                
                                
                                <PAGE>
                                
                          FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.
           STATEMENT OF CHANGES IN FINANCIAL POSITION




                                       NINE MONTHS ENDED MARCH 31
                                              1999       1998
CASH FLOWS FROM OPERATING ACTIVITIES
   Net Income                            $ 170,432     $ 171,183  
   Adjustments to Reconcile              
     Net Income to Net Cash 
     Provided by Operating 
     Activities:
     Amortization - Patents                  9,000         7,650  
      Equity in Net Income of Affiliates   (106,915)      (93,117) 
   
Changes in:
     Receivables - Affiliates              (29,324)      (52,375) 
      Prepaid Expenses                      (3,110)       14,069  
      Payables - Trade                       - 0 -        - 0 - 
              - Affiliates                   - 0 -        - 0 - 
     Accrued Income Taxes                    2,079         8,656  
     Accrued Expenses                       (4,682)       (1,054) 
      Amounts due to Stockholder           (24,192)      (22,858) 
   Net Cash Provided by Operating 
     Activities                             13,288        32,154  
 
CASH FLOWS FROM INVESTING ACTIVITIES
     Acquisition of Patents/PPE             (4,284)      (27,928) 
     Net Increase in Cash                    9,004         4,226  
Cash Balance, Beginning of Period           25,063        24,006  
Cash Balance, End of Period               $ 34,067      $ 28,232  

<PAGE>

                          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 March 31, 1999 and March 31, 1998 and the results of
     operations for the three months and nine months then 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.   To calculate the earnings per share for the three and nine
     month periods ended March 31, 1999 and March 31, 1998, the
     profit was divided by the outstanding shares of 990,213.

4.   The results of operations for the three and nine month periods
     ended March 31, 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, which are
not historical facts, 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 nine months ended
                                March 31, 1999 vs. March 31, 1998
                                          Increase  (Decrease)

Royalties                                     $  24,479 

Research and Development Revenue                (48,100)

R&D Expense                                        (496) 

SG&A                                             (2,195)

Amortization                                        450

Operating Income                                (21,380) 

Other Income (Expense)                              831 

Income Before Taxes and Equity in Affiliates    (20,549)

Provision for Taxes                              (6,000) 

Equity in Affiliates                             13,978 

Net Income                                         (571)
<PAGE>
                           FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.
                 MANAGEMENT'S DISCUSSION (CONT'D)


     Financial results remained steady and positive for the nine
month period ending March 31, 1999 as the Company continues to
focus increasingly on internal research efforts.

NINE MONTH RESULTS

     For the nine month period ending March 31, 1999, total
Revenues were $307,512 compared to $331,133 for the same period in
Fiscal Year 1998.  A $24,479 increase in royalties, attributable to
increased shipments by the Company's affiliate, Taylor Devices
("Devices"), was offset by a decline in Research and Development
("R&D") revenues.  As referenced in earlier reports, the Company's
engineering staff, while continuing to support Devices' efforts,
continues to direct an increasing proportion of its time to
internal projects, which will be described later in this section. 
Total Expense performance improved for this period totaling
$219,466 versus $221,707 for the same period in 1998.  Savings in
administrative areas such as insurance and professional fees offset
increases in personnel related areas.  Equity in the Net Income of
Affiliates showed a 14.8% increase of $93,117 for this period in
1998 to $106,915 in 1999 as Devices continued to post improved
results for its fiscal year.  Improved Income from Affiliates
offset the results from Internal Operations as Net Income for the
same period, of $170,432 or $.172 per share in 1999 is compared to
$171,183 or $.173 for 1998.


THREE MONTH RESULTS

     Results for the three months ending March 31, 1999 paralleled
the full-year results described above.  Revenues went from $116,684
in the comparable period for 1998 to $99,093 in 1999, the net
result of improved Royalties of $53,706 vs. $41,365 and diminished
R&D Income of $45,387 vs. $75,319.  Operating Expenses improved
from a level of $73,310 in the third quarter of 1998 to $62,604 in
1999, reflecting the savings referenced in the paragraph above. 
There were no significant changes in the Other Income category,
Estimated Tax Rate or Equity in the Net Income of Affiliates.  Net
Income for the current period was $64,156 or $.065 per share
compared to $68,641 or $.069 per share for the same period in 1998.


<PAGE>
     
                           FORM 10-QSB
                    TAYCO DEVELOPMENTS, INC.
                 MANAGEMENT'S DISCUSSION (CONT'D)


REMAINDER OF FY99

     Management believes the Company is on track for another year
of solid financial results and technical progress.  The Company's
affiliate, Devices', is currently completing the initial orders
utilizing the Company's toggle-brace technology and the potential
for additional orders remains positive.  Since the last filing, a
major aerospace/defense contractor has received the required
approvals on a new navigation system utilizing the Company's
technology and has placed a pre-production order with Devices. 
There is also activity outside of the aerospace/defense market. 
Work is proceeding on isolation systems protecting large but
fragile pieces of equipment while in transit.  The Company's
engineers are also reporting steady progress with respect to the
development of Tayco's new flat damper technology.

     With the Company and its affiliate, Devices, projecting good
results for the Fiscal Year 1999, and with the Company's technical
and financial operations remaining in a strong, stable condition,
Management believes that final results for Fiscal Year 1999 will be
positive and similar to those posted in Fiscal Year 1998.


YEAR 2000 DISCLOSURE

     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 is continuing to address and analyze its situation
with respect to Y2K issues. As previously reported, the Company's
primary software is an off-the-shelf, widely used, product designed
to accommodate the Y2K problem.  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's transfer agent and SEC filing agent, Taylor Devices,
Inc., notified the Company of a potential information technology
(IT) problem with their shareholder communications system.  They
have hired an outside computer programing consultant to implement
a new program that will meet Y2K requirements.  The program was
installed during the first quarter of calendar 1999 and Devices
anticipates final testing by 1999 fiscal year end.  

Management believes the Company is substantially Y2K compliant with
respect to its sales, administration, and 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.  

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.

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




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<PAGE>
                          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   5/07/99     
     Douglas P. Taylor
     Chairman of the Board of Directors
     President
     (Principal Executive Officer)

          AND





By /s/Kenneth G. Bernstein                     Date   5/07/99     
     Kenneth G. Bernstein
     Chief Accounting Officer