SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 10 - Q


Quarterly Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934



For the quarter ended September 30, 2000
		Commission File No 0-2892


THE DEWEY ELECTRONICS CORPORATION


A New York Corporation
I.R.S. Employer Identification
No. 13-1803974

27 Muller Road
Oakland, New Jersey 07436
(201) 337-4700




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    .



The number of shares outstanding of the registrant's common stock, $.01
par value was 1,339,531 at September 30, 2000.



THE DEWEY ELECTRONICS CORPORATION


INDEX



Part I		Financial Information		                     Page No.

Item 1		Financial Statements			                        1

		Condensed consolidated balance sheets -
		September 30, 2000 and June 30, 2000	                2

		Condensed consolidated statements of earnings -
			three months ended September 30, 2000
			and September 30, 1999			                           3

		Condensed consolidated statements of cash flows for the
			three months ended September 30, 2000 and 1999		    4

		Notes to condensed consolidated financial statements 5

Item 2		Management's Discussion and Analysis of
			Financial Condition and Results of
			Operations					                                     8


Part II		Other Information

Item 4.	Submission of Matters to a Vote of Security
			Holders						                                      12

Item 6.	Exhibits and Reports on Form 8-K		            12






PART I:  FINANCIAL INFORMATION


Item 1.  FINANCIAL STATEMENTS


The following unaudited condensed, consolidated balance sheets, statements
of earnings, and statements of cash flows are of The Dewey Electronics
Corporation.  These condensed consolidated financial statements reflect
all adjustments of a normal recurring nature, which are, in the opinion
of management, necessary for a fair presentation of the financial condition,
results of operations and cash flows for the interim periods reflected
herein.  The results reflected in the unaudited statements of earnings
for the period ended September 30, 2000 are not necessarily indicative
of the results to be expected for the entire year.  The following
unaudited condensed consolidated financial statements should be read in
conjunction with the notes thereto, and Management's Discussion and
Analysis of Financial Condition and Results of Operations set forth in
Item 2 of Part I of this report, as well as the audited financial
statements and related notes thereto contained in the Form 10-K filed
for the fiscal year ended June 30, 2000.


1


THE DEWEY ELECTRONICS CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS

                                     SEPTEMBER 30,	      JUNE 30,
                                        2000              2000
                                      (UNAUDITED)        (AUDITED)*
ASSETS:
CURRENT ASSETS:
  CASH                                 $1,153,561        $1,176,479
  ACCOUNTS RECEIVABLE                   1,387,697         1,349,965
  INVENTORIES                             539,927           534,181
  CONTRACT COSTS & RELATED EST
   PROFITS IN EXCESS OF APPLICABLE
   BILLINGS                             1,423,606         1,087,863
DEFERRED TAX ASSET                        170,475           170,475
PREPAID EXPENSES & OTHER CURRENT ASSETS    61,144            33,849
  TOTAL CURRENT ASSETS                  4,736,410         4,352,812

PLANT PROPERTY & EQUIPMENT - (NET)        811,678           841,956

OTHER ASSETS:
  OTHER NON CURENT ASSETS                 129,462           130,512

  TOTAL OTHER ASSETS                      129,462           130,512

TOTAL ASSETS                           $5,677,550        $5,325,280

LIABILITIES & STOCKHOLDERS EQUITY:

CURRENT LIABILITIES:
  TRADE ACCOUNTS PAYABLE                 $341,291          $334,701
  ACCRUED LIABILITIES                     142,948           158,203
  ACCRUED CORP INCOME TAXES               536,153           379,807
  ACCRUED PENSION COSTS                   146,271           155,772
  CURRENT PORTION OF LONG TERM DEBT       103,343            97,827

    TOTAL CURRENT LIABILITIES           1,270,006         1,126,310

LONG-TERM PORTION OF LONG-TERM DEBT     1,541,913         1,567,859

OTHER LONG-TERM LIABILITY                  61,172            61,172
DEFERRED TAX LIABILITY                     95,320            95,320
DUE TO RELATED PARTY                      200,000           200,000

STOCKHOLDERS' EQUITY:
  Preferred stock, par value $1.00;
  authorized 250,000 shares, issued
  and outstanding, none

  COMMON STOCK, par value $.01;
  authorized 3,000,000 shares; issued
  and outstanding 1,693,397                16,934            16,934
  PAID IN CAPITAL                       2,835,307         2,835,307
  ACCUMMULATED EARNINGS/(DEFICIT)         176,995           (57,525)
                                        3,029,236         2,794,716
LESS TREASURY STOCK 353,866 SHARES
 AT COST                                 (520,097)         (520,097)

  TOTAL STOCKHOLDERS' EQUITY            2,509,139         2,274,619
TOTAL LIABILITIES & STOCKHOLDERS'
  EQUITY                               $5,677,550        $5,325,280

*CONDENSED FROM AUDITED FINANCIAL STATEMENTS
SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
2

THE DEWEY ELECTRONICS CORPORATION

	CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

                   					                THREE MONTHS ENDED
                                           SEPTEMBER 30,

                                      2000           1999

REVENUES                           $2,267,404     $2,661,493

   COST OF REVENUES                 1,630,439      2,071,807

GROSS PROFIT                          636,965        589,686

   SELLING & ADMIN EXPENSES           201,976        200,784

OPERATING PROFIT                      434,989        388,902

   INTEREST EXPENSE                    39,750         56,504

   OTHER (INCOME)/EXPENSE               4,373             33

INCOME BEFORE INCOME TAXES            390,866        332,365

INCOME TAXES                          156,346        132,945

NET INCOME                           $234,520       $199,420



INCOME PER SHARE BEFORE TAXES
   BASIC                               $0.29          $0.25
   DILUTED                             $0.29          $0.25

NET INCOME PER SHARE:
   BASIC                               $0.18          $0.15
   DILUTED                             $0.18          $0.15

WEIGHTED AVERAGE NUMBER OF
  SHARES OUTSTANDING

   BASIC                             1,339,531      1,339,531
   DILUTED                           1,339,531      1,339,531

SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

3


	THE DEWEY ELECTRONICS CORPORATION
	STATEMENTS OF CASH FLOWS (UNAUDITED)

                      							     THREE MONTHS ENDED SEPTEMBER 30,

                                           2000       1999
CASH FLOWS FROM OPERATIONS:
  NET INCOME                             $234,520    $199,420

ADJUSTMENTS TO RECONCILE NET INCOME
  TO NET CASH PROVIDED BY
  OPERATING ACTIVITIES:

   DEPRECIATION                            38,475      34,706
   AMORTIZATION                             1,050       1,857
   DEFERRED TAXES                               0     132,945
   (INCREASE)/DECREASE IN ACCOUNTS
     RECEIVABLE                           (37,732)    189,425
   (INCREASE) IN INVENTORIES               (5,746)    (40,166)
   (INCREASE)/DECREASE IN CONTRACT COSTS
    AND RELATED ESTIMATED PROFITS IN EXCESS
    OF APPLICABLE BILLINGS               (335,743)    147,762
   (INCREASE) IN PREPAID EXPENSES
    AND OTHER CURRENT ASSETS              (27,295)    (17,434)
   INCREASE/(DECREASE) IN ACCOUNTS
    PAYABLE                                 6,590    (293,105)
   (DECREASE) IN ACCRUED LIABILITIES      (15,255)    (31,586)
   INCREASE IN ACCRUED CORPORATE INCOME
    TAXES                                 156,346           0
   INCREASE IN ACCRUED PENSION COSTS       (9,501)     (9,000)

   TOTAL ADJUSTMENTS                     (228,811)    115,404

NET CASH PROVIDED BY OPERATIONS             5,709     314,824

CASH FLOWS FROM INVESTING ACTIVITIES:
   EXPENDITURES FOR PLANT, PROPERTY AND
   EQUIPMENT                               (8,198)    (21,212)

NET CASH USED IN INVESTING                 (8,198)    (21,212)

CASH FLOWS FROM FINANCING ACTIVITIES:
   PRINCIPAL PAYMENTS OF LONG-TERM DEBT   (20,429)    (13,101)
  PRINCIPAL PAYMENT OF LINE OF CREDIT           0    (200,000)

NET CASH (USED IN) FINANCING              (20,429)   (213,101)

NET INCREASE/(DECREASE) IN CASH           (22,918)     80,511

CASH AT BEGINNING OF PERIOD             1,176,479     288,859

CASH AT END OF PERIOD                  $1,153,561  $  369,370

SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

4
THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2000

NOTE 1:	REVENUE RECOGNITION

Revenues and estimated earnings under defense contracts are recorded using
the percentage-of-completion method of accounting, measured as the
percentage of costs incurred to estimated total costs for each contract.
Provisions for estimated losses on uncompleted contracts are made in the
period in which such losses are determined.  Changes in job performance,
job conditions, and estimated profitability may result in revisions to costs
and income and are recognized in the period in which the revisions are
determined.

Since substantially all of the Company's electronics business comes from
contracts with various agencies of the United States Government or
subcontracts with prime Government contractors, the loss of Government
business would have a material adverse effect on this segment of business.

In the Leisure and Recreation segment, revenues and earnings are recorded
when deliveries are made.

NOTE 2:	CASH AND CASH EQUIVALENTS

The Company considers all highly liquid debt instruments with a maturity of
three months or less at the date of purchase to be cash equivalents.

NOTE 3:	FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair values of the Company's long-term debt and line of credit
borrowings are estimated based upon interest rates currently available
for borrowings with similar terms and maturities and approximate the
carrying values.

Due to the short-term nature of cash, accounts receivable, accounts
payable, accrued expenses and other current liabilities, their carrying
value is a reasonable estimate of fair value.

NOTE 4:	INVENTORIES

Inventories are valued at lower of cost (first-in, first-out method) or
market.  Components of cost include materials, direct labor and plant
overhead.

As there is no segregation of inventories as to raw materials, work in
progress and finished goods for interim reporting periods (this
information is available at year end when physical inventories are taken
and recorded), estimates have been made for the interim period.

5
THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)


                      						September 30, 2000	June 30, 2000

		Finished Goods           		$  67,000	      		$  67,000
		Work In Process		            193,109	      		  192,828
		Raw Materials		              279,818	      		  274,353
                        						________	       		________
				Total	                   	$539,927	       		$534,181
                         						=======        			=======

NOTE 5:	USE OF ESTIMATES

The preparation of financial statements in conformity with generally
accepted accounting principles require management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date
of the financial statements and reported amounts of revenues and expenses
during the reporting period.  Actual results could differ from those
estimates.


NOTE 6:	PLANT, PROPERTY AND EQUIPMENT

Plant, property and equipment are stated at cost.  Allowance for
depreciation is provided on a straight-line basis over estimated useful
lives of three to ten years for machinery and equipment, ten years for
furniture and fixtures, and twenty years for building and improvements.

NOTE 7:	LOAN FEES

Loan fees are capitalized by the Company and amortized utilizing the
straight-line basis over the term of the loan.

NOTE 8:	LONG-LIVED ASSETS

Whenever events indicate that the carrying values of long-lived assets
may not be recoverable, the Company evaluates the carrying values of such
assets using future undiscounted cash flows.  Management believes that, as
of September 30, 2000, the carrying values of such assets are appropriate.




6


THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)



NOTE 9:	RECENT PRONOUNCEMENTS

Statement of Financial Accounting Standards No. 133, "Accounting for
Derivative Instruments and Hedging Activities" (SFAS No. 133), establishes
accounting and reporting standards for derivative instruments and for
hedging activities.  It requires companies to recognize all derivatives
as either assets or liabilities in the statement of financial position and
measure those instruments at fair value.  We have adopted SFAS No. 133 in
the first quarter of fiscal 2001, in accordance with the deferral provision
in SFAS No. 137.  The adoption of SFAS No. 133 did not have a material
effect on our financial statements.

In December 1999, the Securities and Exchange Commission ("SEC") issued
Staff Accounting Bulletin No. 101 ("SAB 101"), Revenue Recognition in
Financial Statements."  SAB 101 summarizes certain of the SEC's views in
applying generally accepted accounting principles to revenue recognition
in financial statements.  We are required to adopt SAB 101 in the fourth
quarter of fiscal 2001.  We anticipate that the adoption of SAB 101 will
not have a significant impact on our financial statements.

NOTE 10:	EARNINGS PER SHARE

The weighted average number of shares outstanding used in the computation
of earnings per share was 1,339,531 in each of the three-month periods
ended September 30, 2000 and 1999.  Since the computation of diluted
earnings per share is not materially dilutive or anti-dilutive, the
amounts reported for basic and diluted earnings per share are the same.



7



THE DEWEY ELECTRONICS CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Certain statements in this Form 10-Q may be deemed "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange
Act of 1934.  All statements, other than statements of historical fact,
that address activities, events or developments that the Company or
management intends, expects, projects, believes or anticipates will or
may occur in the future are forward-looking statements.  Such statements
are based upon certain assumptions and assessments made by management of
the Company in light of its experience and its perception of historical
trends, current conditions, expected future developments and other
factors it believes to be appropriate.  The forward-looking statements
included in this Form 10-Q are also subject to a number of material risks
and uncertainties, including but not limited to economic, governmental,
competitive and technological factors affecting the Company's
operations, markets, products, services and prices.  Such forward-looking
statements are not guarantees of future performance and actual results,
developments and business decisions may differ from those envisaged by
such forward-looking statements.

The Company's operating cycle is long-term and includes various types of
products and varying delivery schedules.  Accordingly, results of a
particular period or period-to-period comparisons of recorded revenues
and earnings, may not be indicative of future operating results.  The
following comparative analysis should be viewed in this context.

Operating Segments

The Dewey Electronics Corporation is organized into operating segments on
the basis of the type of products offered.

In the electronics segment, the Company produces sophisticated electronics
and electromechanical systems for the Department of Defense and other
projects performed as a subcontractor.

In the leisure and recreation segment, the Company, through its HEDCO
Division, designs, manufactures and markets advanced, sophisticated
snowmaking equipment.

There are no intersegment sales.

Some operating expenses, including general corporate expenses, have been
allocated by specific identification or based on labor for items which are
not specifically identifiable.  In computing operating profit, none of the
following items have been added or deducted:  interest
expense, income taxes, and non-operating income and expenses.




8


Consolidated Results of Operations

Consolidated revenues for the first quarter this year were $394,089 lower
than they were last year.  Cost of revenues were $441,368 lower than the
same period last year, and general administration expenses increased by
$1,192.

As a result, operating income increased over last year by $46,086 which
is $.03 per share.

In June 2000, the Company made a voluntary principal reduction payment
toward its mortgage in the amount of $500,000.  This principal payment
reduced interest expenses during the first quarter this year.

First quarter net income after taxes amounted to $234,520 or $.18 per
share this year compared to $199,420 or $.15 per share last year.

Information about the Company's operations in the two segments for the
first fiscal periods ended September 30, 2000 and 1999 is as follows:


                                         Three months ended
                                            September 30,

                                       2000         1999

Electronic Segment
  Revenues                         $2,240,665     $2,648,918
  Operating Income                $   442,349    $   424,655

HEDCO
  Revenues                       $     26,739   $     12,575
  Operating (Loss)               $     (7,360)   $   (35,753)



Electronics Segment

In the electronics segment, both revenues and cost of revenues were lower
during the first quarter this year as compared to the same period last year.

Revenues are recorded under defense contracts using the percentage of
completion method of accounting, measured as the percentage of costs
incurred to estimated total costs for each contract.  Fewer material
receipts during the first quarter this year as compared to last year
resulted in lower revenues.

Continued production under the Company's contract with the U.S. Army for
diesel operated tactical generator sets provided 87% of the electronic
segment revenues this year.  This program accounted for 93% of electronic
segment revenues last year during the same three-month period.




9


The remaining 13% and 7% of electronics segment revenues for the three-
month period ended September 30, 2000 and 1999, respectively, was derived
from various orders, more limited in scope and duration, that were
generally for replacement parts for previously supplied Department of
Defense equipment and other projects performed as a subcontractor.  A large
part of such other revenues continues to be attributable to the Company's
Pitometer Log Division, which manufactures speed and distance measuring
instrumentation for the U.S. Navy.

The contract with the U.S. Army for diesel operated tactical generator sets
allows for orders to be placed at any time through August 2001.  Though it
is not obligated to do so, the Army has placed an annual production order
each year plus some additional orders.  The amount of orders for this
product has amounted to approximately $22 million since its initial award
which funded $1 million in 1996.

The Company has been receiving smaller generator set orders throughout the
contract period, in addition to annual production orders, for delivery to
the Army, Navy, Air Force and the Marines.

The Department of Defense had issued a fuel policy requiring that all
mobile electric power sets use diesel fuels only and that those using
gasoline fuels be eliminated.

As of September 30, 2000, the aggregate value of the Company's backlog of
electronic products not previously recorded as revenues was approximately
$2 million.  It is estimated that all of this backlog will be recognized
as revenues during the fiscal year ending June 30, 2001.

As of September 30, 1999, the aggregate value of the Company's backlog of
electronic products not previously recorded as revenues was approximately
$2.5 million.

HEDCO Division

In the leisure and recreation segment, revenues were higher by $14,164
during the first quarter ended September 30, 2000, when compared to the
same periods last year.

This increase in revenues is attributed to a higher volume of snowmaking
machine part sales than last year.  Traditionally, the major portion of
revenues in this segment are recorded during the second quarter when
snowmaking machines are normally delivered.  The Company has not received
any orders for snowmaking machines for export this year or last year.

Liquidity and Capital Resources

The Company's working capital at September 30, 2000 was $3,466,404
compared to $3,226,502 at June 30, 2000.

The ratio of current assets to current liabilities was 3.73 to 1 at
September 30, 2000 and 3.86 to 1 at June 30, 2000.


10


For the three-month period ended September 30, 2000, $5,709 was provided
by operations.  During the same period last year, operating activities
provided $314,824.

"Contract costs and related estimated profits in excess of applicable
billings" increased by $335,743 as production efforts increase towards
diesel operated tactical generator set orders scheduled for delivery
during the third fiscal quarter.  Accrued corporate income taxes amounted
to $156,346 for this first quarter.

Management believes that the Company's anticipated cash flow from
operations, combined with its line of credit with Sovereign Bank, will
be sufficient to support working capital requirements and capital
expenditures at their current or expected levels.  Capital expenditures
in the three-month period were $8,198 as compared with $21,212 in the
comparable period last year.  The Company does not anticipate any
significant capital expenditures for the remainder of this fiscal year.




11





PART II - OTHER INFORMATION

Item 4.	Submission of Matters to a vote of Security Holders
-----------------------------------------------------------


None


Item 6.	Exhibits and Reports on Form 8-K
----------------------------------------

No reports on Form 8-K have been filed during the quarter ended
September 30, 2000.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of l934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

					THE DEWEY ELECTRONICS CORPORATION



Date	September 13, 2000		Thom A. Velto, Treasurer
                   						Principal Accounting Officer



Date	September 13, 2000		Edward L. Proskey
                   						Vice President, Operations














12