SECURITIES AND EXCHANGE COMMISSION

                        Washington, D.C.  20549


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


    For fiscal year ended:     December 31, 2003

    Commission File Number:    0-9773

                         TASA PRODUCTS LIMITED
          (Exact name of registrant as specified in it's charter)

              Washington                         91-1121874
    (State or other Jurisdiction of         (IRS Employer ID No.)
    incorporation or organization)

                     14508 SE 51st, Bellevue, WA  98006
             (Address and zip code of principal executive offices)

    Registrant's telephone number, including area code:  (425) 746-6761

    Securities registered pursuant to Section 12(b) of the Act:  None

         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

                     DOCUMENTS INCORPORATED BY REFERENCE

    Form S-1, TASA Products Limited, Commission File No. 2-68566, but
    excluding the balance sheet of TASA Products Limited together with
    the report of independent certified public accountants, is
    incorporated by reference in Items 1, 5, 11 and 13.

    Exhibit Index Pgs.  9 to 17


                                     Page 1
<PAGE>
    Item 1:  Description of Business

    TASA PRODUCTS LIMITED (hereinafter call the "Partnership"), is a
    Washington State limited partnership organized as of June 19, 1980 for
    the purpose of acquiring the rights in a group of related electronic
    products and developing these products further to a point where they
    could be commercially produced and marketed.  The Partnership conducts no
    other business.  Michel E. Maes and James R. Steffey are General
    Partners, and may remain as General Partners for the life of the
    Partnership unless removed pursuant to the Partnership Agreement.  The
    sale of the Limited Partnership Interests in the Partnership were made
    pursuant to Registration Statement No. 2-68566 filed with the Securities
    and Exchange Commission and declared effective on November 7, 1980.  The
    purchasers of said Limited Partnership Interests for Phases 1, 2, 3, 4, 5
    and 6 of the Partnership are the Limited Partners of the Partnership as
    of December 31, 1981.

    The Partnership's business is more fully described under the caption
    "Projects of the Partnership" in the Prospectus forming a part of the
    Registration Statement described above (hereinafter called the
    "Prospectus"), which, except for the balance sheet and report of
    accountants contained herein, is incorporated herein by this reference
    for all purposes.

    The Partnership has no employees.  The partnership originally licensed
    the manufacture and sale of its products to Communications Research
    Corporation, (CRC), a subsidiary of Energy Sciences Corporation, (ESC).
    The Partnership subsequently has licensed LINC Technology Corporation, an
    affiliate of the General Partners, as more fully described in Item 7
    below.  TASA's principal products currently being sold by LINC are the
    Data Over Voice Encoder, (DOVE), and Line Carrier Modem, (LCM).

    Item 2:    Properties

    The Partnership does not have any principal plants or physical
    properties.

    Item 3:    Legal Proceedings

    The staff of the Securities and Exchange Commission's Division of
    Enforcement recommended to the Commission that it authorize the staff to
    file a civil injunctive action against Energy Sciences Corporation,
    Michel E. Maes, James R. Steffey, and the Partnership to require timely
    filing of reports with the commission.  Such an injunction was entered on
    June 25, 1986.  All subsequent reports have been timely filed.

    On April 29, 1986, TASA Products Limited and Energy Sciences Corporation
    filed petitions for reorganization under Chapter 11 of the Bankruptcy
    Laws.  The Petitions were filed in the United States Bankruptcy Court for
    the Western District of Washington, at Seattle, as Case No.'s 86-02993-
    Wll and 86-02994-Wll.

    Energy Sciences Corporation was dismissed from Chapter 11 on May 13,
    1988.  ESC had financial dealings and intercompany transactions with the
    partnership.  The assets of ESC, which included amounts owed by the
    partnership to ESC and the license rights to manufacture and market the
    partnership's products granted by the partnership to a subsidiary of ESC,
    were foreclosed upon by the sole secured creditor of ESC, the law firm of
    Murphy, Elgot & Moore, but the full effect on the partnership has not yet
    been determined.  (See item 7 below).


                                     Page 2
<PAGE>
    On October 16, 1989 the United States Bankruptcy Court ordered that the
    partnership's Chapter 11 be converted to a Chapter 7.  Mr. Ronald Brown
    of Leach, Brown & Andersen, Seattle Washington, was appointed trustee.
    On May 11, 1990, the General Partners of the partnership filed an
    ammended motion to dismiss the Chapter 7.  This motion was granted and
    the partnership is no longer in bankruptcy

    Item 4:    Submission of Matters to a Vote of Security Holders

               None

    Item 5:    Market Price of and Dividends on the Registrant's Common
               Equity Related Security Holder Matters

               (a)  There is no market for the Securities of the
    Registrant.

               (b)  There are 590 investor limited partners as of
    December 31, 2003.

               (c)  The partnership does not pay dividends.  Royalties, based
    on a percentage of gross sales of the partnership products, if any, made
    by a licensee of the partnership's products are to be distributed to the
    partners, less reserves and payments for partnership operating,
    maintenance and reporting expenses as determined by the General Partners.
    Under terms of the present license agreement in place, royalties were
    owed on amounts collected by the licensee on sales made after September
    1991 to be accrued and paid in the following accounting quarter starting
    with the first quarter of 1992.  See Item 7 below.

    Item 6:    Selected Financial Data

    TASA Products Limited is a Limited Partnership and the partners hold
    partnership interests rather than stock.  A summary of financial activity
    for 2003 is a follows:

      Royalty Revenues                                       0
      Other Revenues                                         0
      Loss from Continuing Operations (Reporting Expenses)   0
      Net Income per Partnership Unit                        0

      Total Assets                                           0
      Long Term Obligations                          2,383,607

      Royalty Payments to Partners per Unit                  0


    Item 7:    Management's Discussion and Analysis of the Financial
               Condition and Results of Operation

    The partnership owns the proprietary rights to certain products
    which are licensed to LINC Technology Corporation as described
    more fully below.  The partnership conducts no operations itself
    and its revenues will be solely from royalty income.  Under the
    terms of a new license now in effect, total sales of $506,293
    (cumlative over five years) were subject to royalties in 1999.  A
    total royalty payment was made by Linc Technology Corporation to
    four electronics partnerships that share ownership in certain
    electronics products in the amount of $25,315 in December 1999.
    In accordance with the sharing arrangement discribed below (third
    paragraph down), a royalty of $12,118 was paid to the partnership
    which is income for 1999.  Tax, Securities and Exchange
    Commission, and Partnership Reporting expenses  were not charged


                                     Page 3
<PAGE>
    to the partnership in 1999.  The net assets have changed from 0 to
    $12,118.  The partnership made a distribution of $10,906 total to
    the limited partners in March 2000.  A total of $1,212 was paid to
    two former secured creditors of the partnership in March 2000.  No
    new royalties were accrued in the year 2001, 2002 or 2003 and the
    partnersip had no income nor loss for 2003.

    When ESC's bankruptcy was dismissed in May 1988, all remaining
    assets were repossesed by the sole secured creditor of ESC,
    Murphy, Elgot & Moore, represented by Mr. Thomas Murphy.  These
    assets are primarily amounts owed to ESC by the partnerships and
    the rights to produce electronics products at CRC.  The General
    Partners began discussions with Mr. Murphy, (who was also counsel
    for ESC and the partnerships), on plans to recommercialize the
    electronic products.  They were joined by Mr. Keith Nichols, who
    had purchased a portion of the electronics inventory from CRC when
    ESC was still in Chapter 11.  After conducting preliminary market
    research and reaching a basic understanding with Mr. Murphy, a new
    company was formed in September 1988, called LINC Technology
    Corporation. The company was owned by Messrs. Maes, Steffey, and
    Nichols in the amount of 19% each; Mr. Murphy owned 10% and the
    balance of 33% was owned by outside investors.  Mr. Nichols left
    the company in 1991 and is no longer an active participant, but
    remains a stockholder.

    In 2001 a ownership restructuring took place with the unanimous
    approval of all stockholders.  Mr. Maes and Mr. Steffey now own a
    higher percentage of Linc Technology Corporation.

    LINC was formed, and was initially privately financed with $49,000
    of cash, plus donated time, to pursue a variety of opportunities
    in electronics and data communications.  LINC believes that a
    market remains for the partnership's products.  Continued emphasis
    is on the LCM and the DOVE (now called the MDL500).

    The Partnership made only one attempt to negotiate a license for
    its products following the dissolution of Energy Sciences
    Corporation and its subsidiary, Communications Research
    Corporation (the initial licensee), in 1988.  A non-affiliated
    company had been formed in 1987 called CRC, Inc., of which Mr.
    Keith Nichols was a co-founder and partner.  (As described above,
    Mr. Nichols was subsequently a co-founder of LINC Technology
    Corporation in 1988, along with Mr. Steffey and Mr. Maes, general
    partners of the partnership).  CRC, Inc. purchased inventory of
    the partnership's products in 1987 from the Energy Sciences
    Corporation Trustee.  Because there are no patents or trade
    secrets covering any of the partnerships products, the owners of
    CRC, Inc. felt no responsibility to pay royalties to the
    partnership (and had no legal obligation to do so) when the issue
    was discussed with them.  It was felt that this would be the case
    with any outside third party the general partners might approach.
    When Mr. Nichols expressed a desire to pursue the market more
    aggressively than CRC, Inc. was doing, Mr. Steffey and Mr. Maes
    proposed the formation of LINC Technology Corporation with the
    understanding that LINC would pay royalties on partnership
    products in the future.  LINC was formed and Mr. Nichols
    subsequently sold the inventory of partnership products he owned
    personally to LINC for ultimate resale to outside customers.  The
    royalty arrangement arrived at between the partnership and LINC
    was modeled after one negotiated with New Detonics Manufacturing
    Corporation (NDMC) for a group of affiliated partnerships, as part
    of the sale of assets of another Energy Sciences Corporation
    subsidiary, Detonics Manufacturing Corporation to NDMC.  That


                                     Page 4
<PAGE>
    royalty arrangement called for 4% royalties and a four year
    deferment.

    The license entered into between the partnerships and LINC calls
    for a royalty building to 5% of gross sales to be paid to each
    partnership on sales, if any, of its own products (compared to the
    prior formula with CRC which ranged from 10% down to 6%).
    Royalties are paid on amounts actually collected by LINC from
    sales of partnership products and calculated and accrued in the
    following quarterly accounting period.  The details of the royalty
    arrangement are as follows: Initial royalties of 1% are payable on
    collected invoices for sales starting in September 1990, followed
    by 2% in September 1991 and 5% per year starting in September 1992
    and thereafter.  The royalty is  divided between partnerships in
    the case of joint ownership of product rights.  TASA receives 45%
    of the 5% royalty from sales of DOVE (MDL500) and 90% of the 5%
    from sales of LCM.  In 1995, a new royalty agreement was put into
    effect in order to reduce administrative expenses.  Under the new
    plan, no royalties will accrue to the partnership until a total of
    $300,000.00 of sales on products licensed to LINC Technology
    Corporation have been generated and collected.  At that point, a
    lump sum royalty payment of $15,000.00 will be paid to the
    patrnership group of TASA Products Limited (the Partnership),
    Energy Sciences Limited Partnership, Telemetric Controls Limited
    Partnership, and Communications Link Limited Partnership.  After
    such payment, again no royalty will accrue or be owed until
    another $300,000.00 in sales has occured, after which a second
    lump sum of $15,000.00 is due, and so forth.   LINC Technology
    Corporation will be responsible for periodic mailings to the
    partnership at its expense.  Based on IRS regulations, no
    partnership 1065 tax returns and K-1s have to be filed or issued
    until the royalty accrues.  Filings of 1065 and K-1 forms were
    done in March 2000 for year 1999.  Filings of 1065 and K-1 forms
    were done again in March 2001 for year 2000 for information
    purposes to show the changes in capital accounts.  No 1065 and K-1
    filings were reqired or done in 2003.

    As described above, in 1995, the General Partners put in place an
    arrangement under which royalties would not be payable to the
    partnerships and profit would not accrue until a total of $300,000
    in sales had occured.  In 2003, as the amount of sales was
    approaching $300,000 again, the General Partners reviewed the
    costs associated with preparing the partnership tax returns (Form
    1065) and the preparation and mailing of both the K-1s and
    distribution checks.  Based on our experience in 2000, the
    General Partners estimated the cost to be approximately $5000.00.
    In addition, the General Partners heard from many Limited Partners
    that the trouble involved in providing the tax information to
    their accountants was not worth the money that they received.  The
    General Partners therefore increased the level of sales required
    before a royalty payment is due from $300,000 to $600,000, which
    would result in a royalty payment totalling $30,000, instead of
    $15,000 to be divided among all individual limited partners.  As a
    result, a smaller percentage of the royalty would go to tax form
    and check preparation costs.

    LINC Technology Corporation's address is 3535 Factoria Blvd. S.E.,
    Bellevue, WA  98006; telephone 425-882-2206.  LINC Technology
    Corporation uses the DBA of DATA-LINC Group.

    As previously reported, one remaining item from the dismissal of
    Energy Sciences Corporation's bankruptcy is the residual amount
    initially owed to ESC by the partnership, and then to the law firm


                                     Page 5
<PAGE>
    of Murphy & Elgot.  Mr. Murphy has passed away and the debt is now
    owed to his former partner, Mr. Elgot.  No specific payment
    schedule or percentage of the partnership's overall royalty cash
    flow has been established to settle the debt.  Mr. Elgot does
    legal work for LINC Technology Corporation.

    The partnership's ultimate success is dependant on LINC's ability
    to generate sales and to obtain capital, which can not be
    continually assured.  Sales on products licensed from the
    partnership were $200,969 in 1999, $107,768 in 1998, $90,377 in
    1997, $47,000 in 1996 and $60,000 in 1995.  This resulted in the
    royalty distribution early 2000.

    In 2003, a total of $89,475 of the partnerships' products were
    sold by Data-Linc Group.  This compares with $60,965 for 2002,
    $111,551 for 2001 and $64,502 for 2000. The cumulative total is
    now $326,493.

    Such sales represent only a small portion of the sales for LINC
    Technology Corporation, which now manufactures and sells a broad
    range of industrial modems, with emphisis on wireless modems.

    Since 1991, new product development work was been undertaken at
    Linc and other affiliates, including independent R&D efforts by
    the general partners personally, which created some products that
    interface with and complement the products owned by the
    partnership and could enhance sales of the partnership's products
    in the future.  Sales of partnership products for calender 2004
    can not be predicted but are expected to remain modest.  LINC has
    experienced some reduction in business in 2002 ansd 2003 due to a
    general downturn in the economy and expects some improvement in
    2004.  LINC has modest working capital and does not do significant
    advertising.  LINC relies on Distributors to generate most of its
    sales leads.  Production is self funded through inventory
    turnover. LINC's major marketing focus remains on industrial data
    communications.


    Item 8:    Financial Statements and Supplementary Data

               (a)  Unaudited financial statements, submitted in
    accordance with Reg. 210.3-11 of Regulation S-X, are attached as
    Exhibit 1 and are herein incorporated by reference.

    Item 9:    Disagreements on Accounting and Financial Disclosure
               Matters

    TASA has no independent accountant at present.

                             PART III

    Item 10:   Directors and Executive Officers of the Registrant

    The Partnership has no directors or officers.  Management of the
    Partnership is vested in the General Partners.  The name of each
    present General Partner of the Partnership, the nature of other
    positions held by him, and his educational background is set forth
    below.

    Michel E. Maes, age 66, graduated from the University of
    Washington in Physics in 1959.  He subsequently did post-graduate
    work in various phases of physics.  He was an engineer of the
    Boeing Company from 1959 to 1961; an engineer and later Director


                                     Page 6
<PAGE>
    of Advanced Projects for Rocket Research Corporation, from 1961 to
    1966; President of Explosives Corporation of America and Chairman
    of the Board of Petroleum Technology Corporation, both
    subsidiaries of Rocket Research Corporation, from 1966 to 1971.
    Up until December 5, 1986, Mr. Maes served as Chairman of the
    Board at ESC.  Mr. Maes is now President of LINC Technology
    Corporation.

    James R. Steffey, age 67, is a graduate of the University of
    Washington in Physics, with post-graduate study in plasma physics.
    He was Director of International Operations at Explosives
    Corporation of America from 1969 to 1972.  From 1972 to 1973 he
    was a consultant with Stevens and Company, an investment
    counseling firm.  He joined ESC in 1973 and until December 5,
    1986, was President and a Director of ESC.  Mr. Steffey is now
    Vice-President of Marketing of LINC Technology Corporation.  Mr.
    Steffey was not closely involved with the technical aspects of the
    Partnership's activities.

    Item 11:   Executive Compensation

    The Partnership has no directors, officers or employees and thus
    pays no direct compensation.  The General Partners were paid a
    one-time management fee in 1982.  The General Partners and their
    affiliates received certain compensation as described in the table
    "Compensation and Fees to General Partners and Affiliates" in the
    Prospectus which is hereby incorporated by reference.


    Item 12:   Security Ownership of Certain Beneficial Owners and
               Management

               (a)  The only outstanding voting securities of the
    Limited Partnerships are those Limited Partnership interests owned
    by the investors or their successors in interest.  No single
    person owns 5% or more.

               (b)  The General Partners hold no limited partnership
    interests.  However, they have interests in Profits and Losses and
    Cash Available for Distribution of 5%.  The interest in Cash
    Available for Distribution is subordinated to the Limited
    Partners' receipt of distributions equal to their capital
    contributions.

               (c)  There are no agreements or arrangements known
    which could affect control of TASA.

    Item 13:   Certain Relationships and Related Transactions

    As described in the prospectus, TASA was a party to several
    contracts with affiliates of the Limited Partners which resulted
    in compensation to the General Partners.  See "Compensation and
    Fees to the General Partners and Affiliates" and "Certain
    Transactions" in the Prospectus, which hereby is incorporated
    herein by reference.  Also see Item 7 above.

                              PART IV

    Item 14:   Exhibits, Financial Statement Schedules, and Reports
               on Form 8-K

          a)   Documents filed as part of this Annual Report:
               Unaudited financial statements, filed in accordance with


                                     Page 7
<PAGE>
               Reg. 210.3-11 of Regulation S-X.

          b)   Reports on Form 8-K:
               None


                             SIGNATURES

    Pursuant to the Requirements of Section 13 or 15(d) 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.



    Registrant:   TASA PRODUCTS LIMITED

            By:                                    Date:

                  Michel E. Maes, General Partner

    Pursuant to the requirements of the Securities Exchange Act of
    1934, this report has been signed below by the following person on
    behalf of the registrant and in the capacity and on the date
    indicated.

            By:                                    Date:

                  Michel E. Maes, General Partner

    Supplemental Information to be furnished with Reports filed
    pursuant to Sections 15(d) of the Act by Registrants which have
    not registered securities pursuant to Section 12 of the Act.

    No annual reports or proxy materials have been or will be sent to
    security holders.



                                     Page 8
<PAGE>
<TABLE>
<CAPTION>
                         TASA PRODUCTS LIMITED
                               BALANCE SHEET
                         DECEMBER 31, 2003 AND 2002
                                (UNAUDITED)


                                                 12/31/03     12/31/02
<S>                                            <C>           <C>
    ASSETS

    Current Assets:
    Cash                                       $         0            0
    Royalties Receivable                                 0            0
                                                        __           __

            TOTAL CURRENT ASSETS               $         0            0

    Intangible Assets Less Amortization                  0            0
    Receivable from Affiliates Less Allowance            0            0

            TOTAL ASSETS                                 0            0

    LIABILITIES AND PARTNERS' EQUITY

    Current Liabilities:
    Accounts Payable                           $         0            0
    Taxes Payable                                        0            0
    Reporting Reserve                                    0            0



            TOTAL CURRENT LIABILITIES                    0            0

    Payable to Former Secured Creditors          2,383,607    2,383,607
                                                        __           __

            TOTAL LIABILITIES                    2,383,607    2,383,607

    Partners' Capital                           (2,383,607)  (2,383.607)
                                                        __           __

    TOTAL LIABILITIES AND PARTNER'S EQUITY               0            0
<FN>

    The accompanying notes are an integral part of the financial
    statements
</TABLE>



<TABLE>
<CAPTION>
                           TASA PRODUCTS LIMITED
                            STATEMENT OF INCOME
                            FOR THE YEAR ENDING
                      DECEMBER 31, 2003, 2002, & 2001
                               (UNAUDITED)


                                             12/31/03  12/31/02  12/31/01
<S>                                          <C>       <C>       <C>
    Revenue
    Royalty Revenue                                 0         0         0
    Other Revenue                                   0         0         0
                                                   __        __        __

            TOTAL REVENUE                           0         0         0

    Costs and Expenses:
    Bank Charges                                    0         0         0
    Commissions                                     0         0         0
    Filing Fee for 10-K                             0         0         0
    Operating Expense  (Reporting)                  0         0         0
    Reporting Reserve                               0         0         0
    Professional Fees                               0         0         0
    Supplies                                        0         0         0
    Taxes                                           0         0         0
                                                   __        __        __

            TOTAL COSTS AND EXPENSES                0         0         0

    Net Income (Loss)                               0         0         0
<FN>

    The accompanying notes are an integral part of the financial statements
</TABLE>


                                     Page 9
<PAGE>
<TABLE>
<CAPTION>
                              TASA PRODUCTS LIMITED
                             STATEMENT OF CASH FLOWS
                              FOR THE YEARS ENDING
                         DECEMBER 31, 2003, 2002, & 2001
                                   (UNAUDITED)



                                        12/31/03   12/31/02  12/31/01
<S>                                     <C>        <C>       <C>

    Net Cash From Operating Activities  $       0         0         0
    Net Cash Used By Investing Actvts.          0         0         0
    Net Cash From Financing Actvts              0         0         0
    Net Increase In Cash                                  0         0
       Cash At Begining of Period               0         0         0
       Cash At End Of Period                    0         0         0
</TABLE>



<TABLE>
<CAPTION>
                             TASA  PRODUCTS LIMITED
                         STATEMENT OF PARTNERS' CAPITAL
                               FOR THE YEAR ENDING
                         DECEMBER 31, 2003, 2002 & 2001
                                   (UNAUDITED)


                                    12/31/03     12/31/02     12/31/01
<S>                                <C>          <C>          <C>

    Contributions by Partners               0            0            0

    Capital Withdrawals                     0            0            0

    Syndication Costs                       0            0            0

    Accumulated Surplus (Deficit)  (2,383,607)  (2,383,607)  (2,383,607)

    Net Income (Loss)                       0            0            0


    Partners' Capital (Deficit)    (2,383,607)  (2,383,607)  (2,383,607)
<FN>



    The accompanying notes are an integral part of the financial statements
</TABLE>



                                    Page 10
<PAGE>
                         TASA PRODUCTS LIMITED
                (a Washington State limited partnership)
                    NOTES TO THE FINANCIAL STATEMENTS


    1.  Partnership Organization and Operations

    TASA Products Limited, a Washington State limited partnership
    ("the partnership"), was formed on June 19, 1980 for the purpose
    of raising certain capital through the public offering of Limited
    Partnership interests (4,100 units; $1,000 per unit), and
    acquiring the rights to and conducting research and development
    with respect to a group of electronic products.  Subsequently, the
    Partnership commenced limited manufacturing and marketing
    activities for certain products.  The Partnership shall continue
    for a period of thirty (30) years from the date of organization
    unless the Partnership is sooner dissolved according to the
    provisions of the Amended Certificate of Limited Partnership and
    Agreement.  The Partnership has two general partners and limited
    partners comprised of certain investor groups.

    Research and development was completed and sales of products
    began.  For admission to the Partnership, an investor was assigned
    to a group (one group is associated with each phase), based on the
    timing of receipt of the contribution.  Sale of all of the 4,100
    limited partnership units was completed in 1981. The units of the
    Partnership are nonassessable.

    Partners' Capital

    Initial contributions aggregating $4,100,00 were made by the
    Limited Partners.  The General Partners have not and will not make
    any capital contributions.  Partners share in income or loss of
    the partnership as set forth below.

    Allocation of Income, Loss and Cash Distributions

    The loss attributable to the research and development efforts of
    each phase was allocated to the partners included in such phase as
    follows:

             Limited Partners, pro rata                 98%
             General Partners                            2%

    All income and/or loss attributable to the operations after the
    research and development program has been completed, including
    revenues derived from the sale or other disposition of any rights
    or interest, shall be allocated as follows:

             Limited Partners, all groups, pro rata     98%
             General Partners                            2%

    The Limited Partners shall receive one hundred percent of the cash
    available for distribution, until such time as the Limited
    Partners have received in distribution an amount equal to the
    cumulative capital contributions received from Limited Partners.

    After the Limited Partners have received cash distributions in an
    amount equal to the cumulative capital contributions received from
    Limited Partners, the General Partners will receive one hundred
    percent of the cash available for distribution, until such time as
    the General Partners have received an amount equal to five percent
    of the cumulative capital contributions received from Limited
    Partners.

    Thereafter, the cash available for distribution shall be allocated
    as follows:

             Limited Partners, all groups, pro rata     95%
             General Partners                            5%


                                    Page 11
<PAGE>
    Upon dissolution of the Partnership, proceeds of the liquidation
    will be applied in accordance with the terms of the Amended
    Certificate and Agreement of Limited Partnership in the following
    order of priority:

         1)  To the payment of liabilities of the Partnership and
             expenses of liquidation;

         2)  To the setting up on any reserves which the General
             Partners may deem reasonably necessary for any contingent
             or unforeseen liabilities or obligations of the
             Partnership, or of the General Partners, arising out of or
             in connection with the Partnership;

         3)  To the repayment of the Limited Partners' contributions to
             the capital of the Partnership, plus an amount equal to
             six percent of the capital contributions per annum
             cumulative, less the sum of prior distributions to
             investors from cash available for distribution;

         4)  Any balance then remaining shall be apportioned among all
             the partners as follows:

             Limited Partners, pro rata                 98%
             General Partners                            2%

    Pursuant to the terms of the Partnership Agreement, the General
    Partners are not required to contribute to the Partnership any
    deficit in their capital accounts which exist after application of
    proceeds of liquidation as set forth above.

    The Partnership filed for Bankruptcy protection under Chapter 11
    in April 1986.  The Chapter 11 was converted to a Chapter 7 by the
    Bankruptcy Court in October 1989 and then the Bankruptcy was
    dismissed in June 1990. The dismissal did not involve any
    discharge of the Partnership's obligations, some of which were
    accrued property taxes in the amount of under $1,000.  These were
    paid by the General Partners and are now included in the Amounts
    Payable To Affiliates.

    2.  Significant Accounting Policies

        Basis of Reporting

    The records of the Partnership are maintained using the accrual
    method of accounting.  A substantial portion of the transactions
    of the Limited Partnership have been, and will continue to be,
    with the entities affiliated with the General Partners.

             Inventories

    The partnership has no inventories.

             Property and Equipment

    The partnership has no tangable properties.

             Other Assets

    The partnership has no tangable assets.

             Offering Costs


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    Offering costs, including sale commissions to brokers for sales of
    limited partnership interests were charged directly to the
    respective partners' capital account.

             Income Taxes

    The Partnership is not a tax-paying entity.  No provision is made
    in these financial statements for federal and state income taxes.

             Research and Development Expenses

    Research and development costs paid or accrued under terms of a
    contract with an affiliated company were charged to expense in the
    period in which the obligation was incurred.

             Net Loss Attributable to Limited Partners Units

    The net loss attributable to each $1,000 limited partnership unit
    represents the loss for the period allocated to limited partners
    divided by the number of partnership units outstanding at the end
    of the period.  The net loss allocated to specific individual
    units will vary from the amount shown depending on the group to
    which a limited partner has been assigned.

    3.  Notes and Accrued Interest Payable to an Affiliated Company

    At December 31, 1980, the Partnership executed a promissory note
    under the terms of a research and development contract. The note
    in the amount of $1,148,000 bears interest at the rate of eight
    and one-half percent compounded annually.  Upon completion of the
    Partnership funding in 1981, an additional note of $252,000 with
    the same terms was executed.  The principal and accrued interest
    was to be paid in full no later than December 31, 1986, and are
    collateralized by a pledge of certain rights to inventions held by
    the Partnership.  The date for repayment could be extended at the
    request of the Partnership to December 31, 1993, provided the
    Partnership has made payments toward the principal and the accrued
    interest by December 31, 1986.  After December 31, 1990, interest
    shall be at a rate of ten percent compounded annually.  Failure of
    the Partnership to complete payment in full of the entire contract
    price plus interest on or before December 31, 1986 or such other
    date if the payment period is extended gives the affiliate the
    right to foreclose the pledge of the Partnership's ownership
    interest in the rights to inventions referred to above.  In the
    event the Partnership assigns, licenses or sells its rights to the
    inventions to any other party, the affiliate retains an interest
    in any royalties or income from such assignment, license or sale
    until such time as the note is paid in full.

    Due to the filing of Chapter 11 by the Partnership's affiliate,
    and by the Partnership, and due to the cessation of commercial
    activity relating to the Partnership's products, all accrual of
    interest and right of foreclosure was suspended for the years
    beyond 1987. The Chapter 11 proceeding of the Partnership's
    affiliate was dismissed on May 13, 1988.  As of March 2001, no
    final settlement has been reached with the former secured
    creditors of the Partnership's affiliate regarding the debt owed
    by the Partnership.  No further interest was accrued after 1986 by
    aggreement with the secured creditor.


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    4.  Transactions with Related Parties

    A substantial portion of the transactions of the Partnership have
    been, and are anticipated in the future to be, with the General
    Partners and their affiliates.  Significant transactions with
    these parties are summarized in the following paragraph.

    Management fees to the General Partners of $18,500 and $84,000
    (2.5% of the limited partners' contributions), were incurred in
    1981 and 1980, respectively.  The fees represent compensation to
    the General Partners for organization of the Partnership and for
    expense incurred in connection with the offering of the limited
    partnership units.  The fees were allocated to organization and
    offering costs.

    An affiliate of the General Partners entered into a fixed price
    research and development contract with the Partnership.  The
    affiliate received $756,000 (cash of $504,00 and a promissory note
    in the amount of $252,000), and $3,444,000 (cash of $2,296,000 and
    a promissory note in the amount of $1,148,000), in 1981 and 1980,
    respectively, as payment for conducting all present and future
    research and development of the Partnership.  The affiliate's
    costs for performing the research and development activities
    included certain general and administrative and overhead costs
    allocated by its parent company, an affiliate of the General
    Partners.

    Prior to transferring product rights under the licensing
    agreement, the Partnership can manufacture and market any products
    developed.  In 1982, the Partnership elected to do so and entered
    into a manufacturing and marketing agreement whereby the
    Partnership reimbursed the affiliate for all costs incurred in the
    manufacturing and marketing activities.  In addition, the
    affiliate would receive 40% of net profits (as defined in the
    agreement), derived from the manufacture and sale of the products
    produced under this agreement.  Substantially all operating costs
    of this affiliate have been allocated to the Partnership under
    this agreement.

    The Partnership has been charged for certain general and
    administrative services provided by other affiliates of the
    General Partners.  The General Partners have and will provide
    management, research and development and other technical services
    to affiliates which provide services to the Partnership.  The
    General Partners are and will be compensated by the affiliated
    companies for such services.

    A new license agreement has been entered into by the Partnership
    with a newly created entity, which, as with the prior license, the
    General Partners are part owners, officers and directors.  The
    General Partners have received and are expected to receive
    compensation in the future from this entity.


    5.  Commitments and Contingencies

    The Partnership has entered into agreements with several
    individuals to obtain title to inventions and designs relating to
    the electronic products the Partnership is developing.  Pursuant
    to the terms of the agreements, the individuals are entitled to
    royalties received by the Partnership under licensing agreements
    associated with the products.

    The Partnership has entered into a licensing agreement with an
    affiliate of the General Partners providing manufacturing and
    marketing services under which the licensee has, upon transfer of
    the product rights, the exclusive right to manufacture, use and


                                    Page 14
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    sell any products successfully developed by the Partnership. The
    terms of the agreement extend throughout the life of the
    Partnership.  In return for granting this license, the Partnership
    shall receive royalties from the licensee as set forth in the
    licensing agreement for its own products.  The details of the
    royalty arrangement are as follows: Initial royalties of 1% are
    payable on collected invoices for sales starting in September
    1990, followed by 2% in September 1991 and 5% per year starting in
    September 1992 and thereafter.  (Accounting is done in the quarter
    following the quarter in which the sales receipts occur).  The
    royalty is divided between partnerships in the case of joint
    ownership of rights.  TASA receives 45% of the 5% royalty from
    sales of DOVE and 90% of the 5% from sales of LCM.

    In 1995, a new royalty agreement was put into effect in order to
    reduce administrative expenses.  Under the new plan, no royalties
    will accrue to the partnership until a total of $300,000.00 of
    sales on products licensed to LINC Technology Corporation have
    been generated and collected.  At that point, a lump sum royalty
    payment of $15,000.00 will be paid to the patrnership group of
    TASA Products Limited (the Partnership), Energy Sciences Limited
    Partnership, Telemetric Controls Limited Partnership, and
    Communications Link Limited Partnership.  After such payment,
    again no royalty will accrue or be owed until another $300,000.00
    in sales has occured, after which a second lump sum of $15,000.00
    is due, and so forth.   LINC Technology Corporation will be
    responsible for periodic mailings to the partnership at its
    expense.  Based on IRS regulations, no partnership 1065 tax
    returns and K-1s have to be filed or issued until the royalty
    accrues.  Filings of 1065 and K-1 forms were done in March 2000
    for year 1999.  Filings of 1065 and K-1 forms were done again in
    March 2001 for year 2000 for information purposes to show the
    changes in capital accounts.

    In 2003, as the amount of sales was approaching $300,000 again,
    the General Partners reviewed the costs associated with preparing
    the partnership tax returns (Form 1065) and the preparation and
    mailing of both the K-1s and distribution checks.  Based on our
    experience in 2000, the General Partners estimated the cost to be
    approximately $5000.00.  In addition, the General Partners heard
    from many Limited Partners that the trouble involved in providing
    the tax information to their accountants was not worth the money
    that they received.  The General Partners therefore increased the
    level of sales required before a royalty payment is due from
    $300,000 to $600,000, which would result in a royalty payment
    totalling $30,000, instead of $15,000 to be divided among all
    individual limited partners.  As a result, a smaller percentage of
    the royalty would go to tax form and check preparation costs.



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