For quarter ended December 31, 1999

Commission File Number 2-15966

TAYCO DEVELOPMENTS, INC.

---

|NEW YORK                                                       |  | 16-0835557                             
|-------------------------------------------------------------- |  | ---------------------------------------
|(State or other Jurisdiction of
incorporation or organization) |  | (I.R.S. Employer 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 December 31, 9999
|-------------------------------- |  | --------------------------------
|Common Stock (5 cents par value) |  | 990,213                         



|PART  I    | FINANCIAL INFORMATION |                                                                                                    | PAGE
|---------- | --------------------- | -------------------------------------------------------------------------------------------------- | ----
|           | Item 1.               | Financial Statements                                                                              
|           |                       |                                                                                                   
|           |                       | Balance Sheets, December 31,1999 and June
30, 1999                                                 | 3   
|           |                       |                                                                                                   
|           |                       | Statements of Income for three months and
six months ended December 31, 1999 and
December 31, 1998 | 4   
|           |                       |                                                                                                   
|           |                       | Statement of Cash Flows for six months ended
December 31, 1999 and December 31, 1998               | 5   
|           |                       |                                                                                                   
|           |                       | Notes to Consolidated Condensed Financial
Statements                                               | 6   
|           |                       |                                                                                                   
|           | Item 2.               | Management's Discussion and Analysis of the
Financial Condition and Results of
Operations          | 7   
|           |                       |                                                                                                   
|PART  II   | OTHER INFORMATION    
|           | Item 1.               | Legal Proceedings                                                                                  | 11  
|           | Item 2.               | Changes in Securities                                                                              | 11  
|           | Item 3.               | Defaults Upon Senior Securities                                                                    | 11  
|           | Item 4.               | Submission of Matters to Vote of Security
Holders                                                  | 11  
|           | Item 5.               | Other Information                                                                                  | 11  
|           | Item 6.               | Exhibits                                                                                           | 11  
|SIGNATURES |                       | 12                                                                                                



|**ASSETS**                                                                          | **12/31/99** | **6/30/99**
|----------------------------------------------------------------------------------- | ------------ | -----------
|Current                                                                             |              |            
|Cash                                                                                | $   35,056   | $  40,884  
|Receivables - Affiliates, Current                                                   | 240,682      | 176,440    
|Prepaid Other Expenses                                                              | 7,961        | 5,810      
|Total Current Assets                                                                | $  283,699   | $ 223,134  
|                                                                                    |              |            
|Investments - Affiliate, at Equity                                                  | 1,777,228    | 1,712,828  
|Furniture and Equipment - At Cost                                                   | 73,390       | 73,389     
|Less:  Accumulated Depreciation                                                     | 67,474       | 65,674     
|                                                                                    | 1,783,144    | 1,729,543  
|                                                                                    |              |            
|Other Assets                                                                        |              |            
|Patent, Net                                                                         | 134,156      | 126,503    
|Receivables - Affiliates, Long-term                                                 | - 0 -        | - 0 -      
|Cash Value - Life Insurance, Net                                                    | 66,098       | 66,098     
|Total Other Assets                                                                  | 200,254      | 192,601    
|TOTAL ASSETS                                                                        | $2,267,097   | $2,136,278 
|                                                                                    |              |            
|**LIABILITIES AND STOCKHOLDERS' EQUITY**                                            |              |            
|Current                                                                             |              |            
|Payables - Trade                                                                    | - 0 -        | - 0 -      
|Payables - Affiliate                                                                | - 0 -        | - 0 -      
|Current Portion of Long Term Debt                                                   | - 0 -        | 14,411     
|Accrued Income Tax                                                                  | 13,442       | 22,896     
|Accrued Expenses                                                                    | 40,311       | 6,768      
|Total Current Liabilities                                                           | $   53,753   | $   44,075 
|                                                                                    |              |            
|Long Term Debt                                                                      | - 0 -        | - 0 -      
|Deferred Income Tax                                                                 | 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                                                                   | 1,496,272    | 1,375,131  
|                                                                                    | $2,216,573   | $2,095,432 
|                                                                                    |              |            
|Less: Cost of Treasury Stock 3,709 Shares
at Cost                                   | 5,629        | 5,629      
|Total Stockholders' Equity                                                          | $2,210,944   | $2,089,803 
|TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                                            | $2,267,097   | $2,136,278 



|                                                                                | **SIX MONTHS**
**ENDED 12/31** | **THREE MONTHS**
**ENDED 12/31**
|------------------------------------------------------------------------------- | ------------------------------ | --------------------------------
|                                                                                | 1999                           | 1998                            
|**NET SALES**                                                                   |                                |                                 
|Royalties                                                                       | $117,939                       | $ 74,801                        
|Research & Development                                                          | 145,120                        | 133,618                         
|Total Revenues                                                                  | $263,059                       | $208,419                        
|                                                                                |                                |                                 
|**EXPENSES**                                                                    |                                |                                 
|Research & Development                                                          | $ 81,410                       | $ 73,764                        
|Selling, General
Administrative                                                 | 76,277                         | 75,288                          
|Amortization - Patents                                                          | 8,400                          | 7,800                           
|Total Expenses                                                                  | $166,087                       | $156,852                        
|                                                                                |                                |                                 
|Operating Income                                                                | $96,972                        | $51,567                         
|                                                                                |                                |                                 
|**OTHER INCOME/(EXPENSE)**                                                      | (631)                          | 2,259                           
|Income Before Provision
for Income Taxes and
Equity in Net Income of
Affiliates | 96,341                         | 53,826                          
|Provisions for Income
Taxes                                                     | 39,600                         | 16,200                          
|Net Income before
Equity in Net Income of
Affiliates                            | 56,741                         | 37,626                          
|Equity in Net Income of
Affiliates                                              | 64,400                         | 68,650                          
|                                                                                |                                |                                 
|NET INCOME                                                                      | $121,141                       | $106,276                        
|                                                                                |                                |                                 
|NET INCOME PER SHARE                                                            | $   .122                       | $   .107                        



|                                                                                                | SIX MONTHS ENDEDDECEMBER 31
|----------------------------------------------------------------------------------------------- | ---------------------------
|                                                                                                | 1999                       
|**CASH FLOWS FROM OPERATING ACTIVITIES**                                                        |                            
|Net Income                                                                                      | $121,141                   
|Adjustments to reconcile Net Income to Net Income to Net Cash provided by Operating Activities: |                            
|Amortization - Patents                                                                          | 8,400                      
|Equity in Net Income of Affiliate                                                               | (64,400)                   
|                                                                                                |                            
|Changes in:                                                                                     |                            
|Receivables - Affiliates                                                                        | (64,242)                   
|Prepaid Expenses                                                                                | ( 2,151)                   
|Payables - Trade                                                                                | - 0 -                      
|Payables - Affiliates                                                                           | - 0 -                      
|Accrued Income Taxes                                                                            | ( 9,454)                   
|Accrued Expenses                                                                                | 33,543                     
|Amounts due to Stockholders                                                                     | (14,411)                   
|Net property, Plant & Equipment                                                                 | 1,799                      
|Net Cash Provided by Operating Activities                                                       | 10,225                     
|                                                                                                |                            
|**CASH FLOWS FROM INVESTING ACTIVITIES**                                                        |                            
|Acquisition of Patents                                                                          | (16,053)                   
|Net Increase in Cash                                                                            | ( 5,828)                   
|Cash Balance, Beginning of Period                                                               | 40,884                     
|Cash Balance, End of Period                                                                     | $35,056                    



|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 December 31, 1999 and December 31, 1998 and the results of
operations for the three months and six months then ended.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                         
|2. | There is no provision nor shall there be any provisions for
profit sharing, dividends, or any other benefits of any nature
at any time for this fiscal year.                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                         
|3. | For the three and six month period ended December 31, 1999 and
December 31, 1998, the profit was divided by 990,213 to
calculate the earnings per share.                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                         
|4. | The results of operations for the three and six month periods
ended December 31, 1999, are not necessarily indicative of the
results to be expected for the full year.                                                                                                                                  



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 Six Months Ended**
**12/31/99 vs. 12/31/98**
|------------------------------------------ | -------------------------------------------------------------
|                                           | **Increase**                                                 
|Royalties                                  |                                                              
|Research & Development                     |                                                              
|R&D Expense                                |                                                              
|SG&A                                       |                                                              
|Amortization                               |                                                              
|Operating Income                           |                                                              
|Other Income (Expense)                     |                                                              
|Income Before Taxes & Equity in
Affiliates |                                                              
|Provision for Taxes                        |                                                              
|Equity in Affiliates                       |                                                              
|Net Income                                 |                                                              



**Six Months Year To Date**(all figures being compared are for the first
six months of FY2000 vs. the first six months of FY1999).

For the first six months of Fiscal Year 2000 the Company recorded new
record high first-half figures (for the period since the 1991
reorganization) in Royalties, R&D Revenues, Total Revenues, Operating
Income, Net Income before Equity in Net Income of Affiliates and Net
Income.  These results were generated by a combination of high
utilization of the Company's staff on actual and potential projects of
the Company's affiliate, Taylor Devices, and a high proportion of
royalty-producing shipments in Devices' shipment mix.

Royalties totaled $117,939, up 57.6% or $43,138 over FY99.  R&D income
came to $145,120, an 8.6% or $11,501 increase over the prior year's
figures.  Total Expenses were $166,087, about 5.9% higher than the
FY99 figure of $156,852, and reflective of a higher level of activity,
including travel expenses.  Operating Income for FY00 was $96,972, an
improvement of 88.1% or $45,405 over FY99.  After the provision for
taxes, the FY00 Net Income prior to Equity in Affiliates' Income was
$56, 741, 50.8% or $19,115 higher than FY99.  After recording the
Equity in Net Income of Affiliates, the Net Income for the six months
year-to-date at 12/31/99 was $121,141 or $.122 a share compared to
$106,276 or $.107 per share for FY99, an improvement of 14%.

**Three Months Ended 12/31/99**(all figures being compared are for the
second quarter of FY00 vs. the second quarter of FY99).

In the second quarter of FY00, the Company recorded its best second
quarter (in the period since the 1991 reorganization) and the highest
Royalties, Total Revenues, Operating Income and Pre-tax Income of any
quarter.

Royalties for FY00 were $65,046 ( a record for any quarter), up
substantially from $37,175 or FY99.  As was the case in the previous
section, this increase is attributable to Device's shipment mix.  R&D
revenues were $77,780, up 14.8% from the prior year.  Operating
Expenses stayed essentially stable, totaling $83,014 in FY00 vs.
$82,303 in FY99.  Total Expenses were, likewise, stable between the
two periods.  The FY00 Operating Income Figure of $59,812 and Income
Before Provision for Taxes and Equity in Affiliates of $60,497 were
the highest recorded of any quarter.  After the Provision for Taxes,
Net Income before Equity in the Net Income of Affiliates rose by
99.1%, from $16,821 in FY99 to $33,497 in FY00.  With the Equity from
Affiliates changing only slightly, Net Income for the second quarter
of FY00 was $66,847 or $.068 per share, improving by 26.1% over
$53,006 for FY99 or $.054 per share.



The Company remains in a stable condition financially with no
significant changes on its balance sheet.  The long-term loan was paid
off in the second quarter of FY2000 and the Company does not
anticipate that it will require any outside financing in the
foreseeable future.  The Company experienced no Y2K related
disruptions.

As mentioned earlier in this report, the Company's technical staff is
maintaining a high level of activity on projects of its primary
affiliate, Devices.  These efforts are directed both towards projects
from Devices' firm backlog of orders and also on Devices' proposals in
both the defense and civilian markets.  Projects nearing the end of
their development phases include modifications of the Commercial Off
The Shelf cabinet dampers, noise reduction on the struts/dampers used
in navigation systems, and a recoil shock used on a prototype grenade
launcher.  More recently, Developments' engineers have turned their
efforts to shock mitigation of oil rig personnel transportation
equipment, seismic/wind protection of antennae located in extreme
climatic conditions and shock/vibration damping on a powerful military
laser system.  These efforts are co-mingled with the continuing input
into proposals covering an ever-increasing variety of uses for
Devices' seismic dampers in the civil engineering sector.

At the halfway mark of FY2000, Management believes that there will
continue to be a steady demand for its services from its affiliate,
Devices, to assist Devices' response to bid proposals and prototype
requests.  In addition, anticipated Royalty Income from Devices'
forthcoming shipments should continue to be substantial, subject to
changes in actual shipments directed by customer preference or
production schedules. Management believes these factors will combine
to produce favorable operating financial results for FY2000.  If
Equity Income in FY2000 is similar to that recorded in FY1999, overall
results for FY2000 should approximate the record results enjoyed in
FY1999.



**Year 2000**

Certain statements included in this discussion regarding the Company's
Year 2000 (Y2K) compliance are forward looking statements.  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 has
been 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, has been considered 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 should function in Y2K
environment.

Management believes the Company is Y2K compliant with respect to its
general operations and should there be a failure, the Company believes
that all areas could temporarily function by manual methods of
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                                                                                                                                                                                                                              
|         |                  
|         | 1.                | The Annual Meeting of Shareholders was held on October 22,
1999, and the Company had 990,213 shares outstanding at
the record date of September 22, 1999.  A total of 890,054
proxies were cast.  Management's proposed slate of
Directors received the following voting results:

|                  | Votes
Withheld/Against | Votes For
|----------------- | ---------------------- | ---------
|                  |                        |          
|Douglas P. Taylor | 1,857                  | 888,197  
|David A. Lee      | 1,857                  | 888,197  
|Joseph P. Gastel  | 30,247                 | 859,807  
|Paul L. Tuttobene | 1,857                  | 888,197  
|Janice M. Nicely  | 1,857                  | 888,197  

| | ITEM 5 | Other Information - None
| | ------ | ------------------------
| |        |                         
| | ITEM 6 | Exhibits - None         





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: | February 14, 2000
|--- | -------------------------------------------------------------------------------------------- |  | ----- | -----------------
|    | Douglas P. Taylor
Chairman of the Board of Directors
President
(Principal Executive Officer) |  |       |                  

AND

|By: | /s/Kenneth G. Bernstein                       |  | Date: | February 14, 2000
|--- | --------------------------------------------- |  | ----- | -----------------
|    | Kenneth G. Bernstein
Chief Accounting Officer |  |       |