SECURITIES AND EXCHANGE COMMISSION

                   Washington, D.C.  20549


                          FORM 10-Q


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

For Quarter Ended                  December 31, 1999

Commission file number             33-56574


                        DIASENSOR.COM
   (Exact name of registrant as specified in its charter)



Pennsylvania                                25-1605848
(State of other jurisdiction               (IRS Employer
of incorporation or organization)        Identification no.)


  2275 Swallow Hill Road, Bldg. 2500; Pittsburgh, PA 15220
(Address of principal executive offices)       ( Zip Code)

                       (412) 279-9740
     Registrant's telephone number, including area code

     Indicate by check mark whether the registrant (1) has
filed all reports required to be filed by section 13 or
15(d) of the Securities Exchange Act of 1934 during the
preceding 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

     As of December 31, 1999, 22,980,051 shares of
Diansensor.com, Inc. common stock, par value $.01 were
outstanding.





<PAGE>1

                               DIASENSOR.COM,INC.
                         (A Development Stage Company)

                          Consolidated Balance Sheets

                                                  December 31,  September 30,
               ASSETS                                 1999          1999
                                                   (Unaudited)      (Note)
                                                   -----------    -----------
Current assets
  Cash and cash equivalents (note A)               $    10,732    $     6,525
  Prepaid expenses                                           -            130
                                                   -----------    -----------
               Total current assets                     10,732          6,655

Property and equipment - at cost(note A)
  Furniture and fixtures                                42,750         42,750
  Less accumulated depreciation                         29,857         28,331
                                                  ------------    -----------
                                                        12,893         14,419
                                                   -----------    -----------

Other Assets
  Due from BICO (note A)                             1,093,900      1,458,809
  Allowance for doubtful account                    (1,093,900)    (1,458,809)
  Security Deposit                                      17,250         17,250
                                                   -----------     ----------
                                                        17,250         17,250
                                                   -----------     ----------
               TOTAL ASSETS                        $    40,875    $    38,324
                                                   ===========     ==========

               LIABILITIES and STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable                                 $     8,204    $         -
  Accrued payroll and withholdings                      91,214         91,214
                                                   -----------    -----------
               Total current liabilities                99,418         91,214

Committments and Contingencies (note A)

Stockholders' equity
  Preferred stock, 1,000,000 shares authorized,
  none issued Common stock, 40,000,000 shares of
  $.01 par value authorized; issued and outstanding
  22,980,051 at Dec. 31, 1999 and 22,980,051 at
  Sep. 30, 1999                                        229,801        229,801
  Additional paid-in capital                        26,892,071     26,892,071
  Warrants                                          18,454,942     18,453,839
  Deficit accumulated during the  development stage(45,635,357)   (45,628,601)
                                                    -----------    -----------
                                                       (58,543)       (52,890)
               TOTAL LIABILITIES AND               -----------    -----------
                  STOCKHOLDERS' EQUITY             $    40,875    $    38,324
                                                   ===========    ===========
[FN]
The accompanying notes are an integral part of this financial statement.
<PAGE>2
                           DIASENSOR.COM,INC.
                     (A Development Stage Company)

                  Consolidated Statement of Operations
                              (Unaudited)
<TABLE>
<CAPTION>

                                      For the                 For the               From July 5, 1989
                                      three months ended      three months ended    (inception) through
                                      December 31, 1999       December 31, 1998      December 31, 1999
                                     --------------------     ------------------    -----------------
<S>                                  <C>                      <C>                  <C>
Research and development expenses    $           -               $       -            $  10,556,405

General and administrative expenses            371,665                 162,784           13,643,796

Provision for (recovery of) doubtful accounts (364,909)                  -                1,093,900

Warrant extensions                               -                       -               18,184,986

Technology and patent rights acquired            -                       -                2,650,000

Interest expense                                 _                       -                   10,529

Other income                                     -                     (13,231)            (571,664)

Other expense                                    -                        -                  37,405
                                           --------------          -------------        --------------
  Net loss                               $      (6,756)          $    (149,553)       $ (45,605,357)
                                           ==============          ==============       ==============
Net loss per common share                $       (0.00)          $       (0.01)       $       (2.36)
                                          ===============          ==============       ==============

See notes to the financial statements.
</TABLE>
<PAGE>3
<TABLE>
                             DIASENSOR.COM,INC.
                     (A Development Stage Company)

                  Consolidated Statement of Cash Flows
                              (Unaudited)
<CAPTION>
                                                         For the                 For the            From July 5, 1989
                                                     three months ended      three months ended     (Inception) through
                                                     December 31, 1999       December 31, 1998      December 31, 1999
                                                     ------------------      ------------------     ----------------
<S>                                                  <C>                     <C>                    <C>
Cash flows from operating activities:
Net loss                                             $        (6,756)        $       (149,553)      $    (45,605,357)
   Adjustments to reconcile net loss to net
     cash used by operating activities:
        Depreciation                                           1,526                    3,362                 77,153
        Provision for (recovery of) doubtful accounts       (364,909)                   -                  1,093,900
        Impairment loss                                        -                        -                     14,367
        Stock in exchange for services                         -                        -                    138,950
        Stock issued for License and Marketing Agreement       -                        -                     80,000
        Warrants issued for services                           1,103                    -                    229,641
        Warrant extensions                                     -                        -                 18,184,986
        Inventory Deposit - BICO                               -                        -                 (1,000,000)
        (Increase) decrease in prepaid expenses                  130                    1,990                  -
        Increase in payable due to BICO                       37,394                    -                 10,537,394
        Increase (decrease) in accounts payable                8,204                   47,436                  8,204
        Increase in accrued payroll and withholdings           -                       36,177                 91,214
        Increase in other assets                               -                        -                    (17,250)
                                                     ------------------      ------------------     ------------------
             Net cash used in operating activities          (323,308)                 (60,588)           (16,166,798)

 Cash flows from investing activities:
   Disposal of property and equipment                          -                        -                    175,000
   Purchase of property and equipment                          -                        -                   (279,413)
   Increase in Notes Receivable                                -                        -                   (125,000)
   Increase in Interest Receivable                             -                        2,598                (13,538)
                                                     ------------------      ------------------     ------------------
      Net cash used in investing activities                    -                        2,598               (242,951)

Cash flows from financing activities:
   Advances to BICO                                             (985)              (1,022,704)            (7,061,949)
   Repayment of advances to BICO                             328,500                   52,364              7,635,779
   Proceeds from issuance of common stock                      -                        -                 10,971,834
   Proceeds from issuance of common stock to BICO              -                        -                  4,200,000
   Proceeds from warrants exercised                            -                        -                    118,066
   Proceeds from treasury stock                                -                        -                    (35,000)
   Proceeds from Regulation S                                  -                        -                    288,751
   Proceeds from issuance of notes payable                     -                        -                    303,000
                                                     ------------------      ------------------     ------------------
      Net cash provided by financing activities              327,515                 (970,340)            16,420,481
                                                     ------------------      ------------------     ------------------
      Net increase (decrease) in cash & equivalents            4,207                  (35,526)                10,732
      Cash and cash equivalents at beg. of period              6,525                   41,811                  -
                                                     ------------------      ------------------     ------------------

      Cash and cash equivalents at end of period     $        10,732         $          6,285        $        10,732
                                                     ==================      ==================     ==================

See notes to the financial statements.
</TABLE>




                     DIASENSOR.COM, INC.

         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - Basis of Presentation

        The    accompanying    financial    statements    of
Diansensor.com, Inc. (the "Company") have been  prepared  in
accordance with generally accepted accounting principles for
interim financial information, and with the instructions  to
Form  10-Q and Rule 10-O Regulation S-X.  Accordingly,  they
do not include all of the information and footnotes required
by  generally  accepted accounting principles  for  complete
financial  statements.  In the opinion  of  management,  all
adjustments   (consisting  of  normal  recurring   accruals)
considered  necessary  for  a fair  presentation  have  been
included.   For further information, refer to the  financial
statements  and  footnotes included in the Company's  annual
report on Form 10-K for the fiscal year ended September  30,
1999.

NOTE B - Organization

      The  Company  was incorporated on July 5,  1989  as  a
wholly  owned  subsidiary  of  Biocontrol  Technology,  Inc.
(BICO).   BICO  owns 52% of the stock of the Company  as  of
December   31,  1999.   Diansensor.com,  Inc.  is  currently
developing  a  noninvasive  glucose  sensor  (Sensor).   The
sensor would use electromagnetic technology to measure blood
without requiring the user to take a blood sample.

NOTE C - Net Loss Per Common Share

      Net  loss  per common share is based on  the  weighted
average  number of outstanding common shares which  amounted
to  22,980,051 and 22,980,051 for the periods ended December
31,  1999 and December 31, 1998, respectively. The loss  per
share  does not include common stock equivalents  since  the
effect would be anti-dilutive.

      From July 5, 1989 (inception) to December 31, 1999, net
loss per common share is based on the weighted average number
of  common shares outstanding and the number of common shares
issuable  on  the  exercise of 1,708,000 warrants  issued  in
1992;  reduced by 488,000 common shares that were assumed  to
have  been  purchased with the proceeds from the exercise  of
the  warrants  at an assumed price of $3.50 per  share.   The
inclusion  of the warrants in the loss per share  calculation
is  required  by  the  rules of the Securities  and  Exchange
Commission  relative  to  the initial registration  statement
which included the Company's financial statements through the
period  ended  March  31,  1993.  The registration  statement
became  effective July 19, 1993.  The weighted average number
of  common  shares including the effect of the conversion  of
the warrants amounted to 19,328,754 for the period from July 5,
1989 (inception) to December 31, 1999.

                    DIANSENSOR.COM, INC.

   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued


NOTE D - Legal Proceedings

     In 1998, the Company and its affiliates were served
with subpoenas by the U.S. Attorneys' office; the Company
has produced documents in response to such subpoenas.  The
class action suit which names the Company as a defendant
remains in the pre-trial pleading stage pursuant to consent
of all the parties.

NOTE E - Subsequent Events

     In January 2000, the Company acquired a ten percent
(10%) interest in MicroIslet,  Inc. for an investment of
$500,000.  MicroIslet is a Calfornia company which has
licensed several diabetes research technologies from Duke
University with a specific focus on optimizing
microencapsulated islets for transplantation.

 Management's Discussion and Analysis of Financial Condition and Cash Flows


Liquidity and Capital Resources

      Cash  increased from $6,525 at September 30, 1999,  to
$10,732  at December 31, 1999.  This increase was  primarily
attributable to BICO's repayment of prior advances.

Results of Operations

      There were no research and development expenses during
the  three month period ended December 31, 1999 and 1998 due
to  the agreed-upon suspension of billings by Diansensor.com
and BICO pursuant to the Research and Development Agreement.

      General  and Administrative expenses increased  during
the  first quarter from $162,784 for the three month  period
ended  December  31, 1998 to $371,665 for  the  three  month
period  ended December 31, 1999. The increase was  primarily
due to increase in administrative overhead .

      Other  income during the first quarter decreased  from
$13,231  for the three month period ended December 31,  1998
to  $0  for the three month period ended December 31,  1999.
This  decrease was due to a reduction in rental  income  and
the  Company  having lower cash reserves to invest  for  the
period  ending  December  31, 1999 than  during  the  period
ending December 31, 1998.

                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.        Reports on Form 8-K
               None.




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 on this 15th day of February, 2000.


                              DIANSENSOR.COM, INC.

                              By /s/ Fred E. Cooper
                                 Fred E. Cooper
                                 President and Director (principal
                                 executive officer, principal financial
                                 officer and principal accounting
                                 officer)