**UNITED STATES  SECURITIES  AND EXCHANGE COMMISSION****Washington,  D.C. 20549**

 [X]   Annual Report Pursuant to Section 13 or 15(d)  of the Securities Exchange Act of 1934   For fiscal year ended: December 31, 2010

Commission File Number: 0-09773

**TASA PRODUCTS LIMITED**(Exact name of registrant as specified in it'scharter) 

| **Washington**                                                | **91-1121874**       |
|---------------------------------------------------------------|----------------------|
| (State or other Jurisdiction ofincorporation or organization) | (IRS Employer IDNo.) |

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

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

Securities registered pursuant to Section 12(b) of theAct:  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 12months (or for such shorter period that the registrant was requiredto file  such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes  [X]   No  [  ] 

 Indicate by check mark whether the registrant (1)has Shell  company status, (2) has Voluntary filer status, (3) hasWell-known seasoned issuer status or (4) has Accelerated status.

 Shell company statusYes  [  ]   No  [X] 

 Voluntary filer statusYes  [  ]   No  [X] 

Well-known seasoned issuer statusYes  [  ]   No  [X] 

Accelerated status Yes  [  ]   No  [X] 

**DOCUMENTS INCORPORATED BY REFERENCE**

Form S-1, TASA Products Limited, Commission File No.2-68566, but excluding the balance sheet of TASA Products Limitedtogether 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

----

**Item 1:  Description of Business**

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

The Partnership's business is more fully described underthe caption "Projects of the Partnership" in theProspectus forming a part of the Registration Statement described above (hereinaftercalled the "Prospectus"), which, except for the balancesheet and report of accountants contained herein, is incorporated herein bythis reference for all purposes. 

The Partnership has no employees. The partnershiporiginally licensed the manufacture and sale of its products toCommunications Research Corporation, (CRC), a subsidiary of Energy SciencesCorporation, (ESC). The Partnership subsequently has licensed LINCTechnology Corporation, an affiliate of the General Partners, as more fullydescribed in Item 7 below.  TASA's principal products currently being soldby LINC are the Data Over Voice Encoder, (DOVE), and Line Carrier Modem,(LCM). 

**Item 2: Properties**

The Partnership does not have any principal plants orphysical properties. 

**Item 3: Legal Proceedings**

The staff of the Securities and Exchange Commission'sDivision of Enforcement recommended to the Commission that itauthorize the staff to file a civil injunctive action against Energy SciencesCorporation, Michel E. Maes, James R. Steffey, and the Partnership torequire timely filing of reports with the commission.  Such aninjunction was entered on June 25, 1986.  All subsequent reports have been timelyfiled. 

On April 29, 1986, TASA Products Limited and EnergySciences Corporation filed petitions for reorganization under Chapter 11 ofthe Bankruptcy Laws.  The Petitions were filed in the United StatesBankruptcy Court for the Western District of Washington, at Seattle, as CaseNo.'s 86-02993-Wll and86-02994-Wll.

----

Energy Sciences Corporation was dismissed from Chapter11 on May 13, 1988.  ESC had financial dealings and intercompanytransactions with the partnership.  The assets of ESC, which included amountsowed by the partnership to ESC and the license rights to manufactureand market the partnership's products granted by the partnership to asubsidiary of ESC, were foreclosed upon by the sole secured creditor ofESC, the law firm of Murphy, Elgot & Moore, but the full effect on thepartnership has not yet been determined.  (See item 7 below). 

On October 16, 1989 the United States Bankruptcy Courtordered that the partnership's Chapter 11 be converted to a Chapter 7. Mr. Ronald Brown of Leach, Brown & Andersen, Seattle Washington, wasappointed trustee. On May 11, 1990, the General Partners of the partnershipfiled an amended motion to dismiss the Chapter 7.  This motionwas granted and the partnership is no longer in bankruptcy.

**Item 4: Reserved**

**Item 5: Market Price of and Dividends on theRegistrant's Common**

Equity Related Security Holder Matters

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

(b) There are 588 Limited partners as of December 31, 2010.

(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.  This arrangement was  subsequentlymodified as  described in 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 2010 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 theFinancial 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 (cumulative 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 described 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 to the partnership  in 1999  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  paid in the years 2001 through 2010 and the  partnership had no income nor loss for 2010. 

When ESC's bankruptcy was dismissed in May 1988, all  remaining assets were  repossessed 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 re-commercialize 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, butremains a  stockholder. 

In 2001 a ownership restructuring took place with the  unanimous  approval of all  stockholders.  Mr. Maes and Mr. Steffey  now own ahigher 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  royalty  arrangement called for 4% royalties and a four yeardeferment.  

----

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  partnership 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 occurred, 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  is paid.  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-1filings were  required or done in 2010. 

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  occurred.  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 totaling $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. Accounting information in early 2008  indicated that the  $600,000 point had been reached so Linc  Technology would  pay out the appropriate amount near the end of  2008 and send  checks and IRS k-1 forms in early 2009. However, the  world-wide recession  had a severe impact on Linc Technology starting  in mid 2008 and  has involved layoffs and salary cuts. That remained the case through 2010. As a result in  the decline of  business, Linc Technology was not able to make the  royalty payment so  no distribution was made to the Limited Partners  and no IRS K-1s  were issued.  It is hoped that the  royalty payment  can be made in  late 2011, but there can be no assurance of that.

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  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 has  occasionally done  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 2010, a total  of $23,521 of the partnerships’ products were sold by   Data-Linc Group.  This compares with $27,145 in 2009, $20,444 in  2008,   78,644 in 2007,  $93,189 in 2006 $68,638 in 2005, $62,363 in  2004, $89,475 in 2003, $60,965 for 2002, $111,551 for 2001 and $64,502 for  2000. The cumulative total is now  $679,993.

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 emphasis 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 calendar 2011  can not be  predicted but are expected to remain modest.   LINC has  experienced some  reduction in business from 2002 through 2009  due to increased  competition but expects some improvement in  2011.  Data-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, in accordance with  Rule 3-11 of  Regulation S-X 

**Item 9A     Management's Report on Internal Control Over Financial  Reporting and Procedures**

  Management of the Partnership is responsible for preparing the  Partnership's annual financial statements.  Management is also  responsible for establishing and maintaining internal control over  financial reporting.

The Partnership's internal control contains monitoring mechanisms,  and actions are taken to correct deficiencies identified.  There are  inherent limitations to any internal control, including the  possibility of human error and the circumvention or overriding of  controls. Accordingly, even effective internal control can provide  only reasonable assurance with respect to financial statement  preparation..  Further, because of  changes in conditions,  effectiveness of internal control can vary over time.  

The Partnership's disclosure controls and procedures are designed  to ensure that information required to be disclosed in reports  that are filed or submitted under the Securities Exchange Act of  1934, as amended, is recorded, processed, summarized and reported  within the time periods specified in the rules and forms of the  Securities and Exchange Commission.   Disclosure controls and  procedures include, without limitation, controls and procedures  designed to ensure that information required to be disclosed by an  issuer in the reports that it files or submits under the Act is  accumulated and communicated to the issuer's management including  its principal executive and principal financial officers, or  persons performing similar functions (the General Partners), as  appropriate to allow timely decisions  regarding required  disclosure.  The Partnership's management assessed the effectiveness of the  Partnership's disclosure controls and procedures as of  December 31, 2010 the end of the period covered by this Form 10-K report  and concluded that they were effective.

In making this assessment, it used criteria set forth by the  Committee of Sponsoring Organizations of the Treadway Commission (COSO)  in Internal Control Integrated Framework. Based on our assessment,  we believe that, as of December 31, 2010, the Partnership's  internal    control  over financial reporting was effective. 

 This annual report does not include an attestation report by the  Partnership's registered public accounting firm regarding internal  control over financial reporting.   Management's report was not subject  to attestation by the Partnership's registered public accounting firm  pursuant to temporary rules of the Securities and Exchange Commission  that permit the Partnership to provide only management's report in  this annual report.

**9B   Other Information**

None  

----

**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 forthbelow. 

Michel E. Maes,  age 73, 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  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 a founder and was president of  LINC Technology Corporation until December 2008.  He is no longer President  or on the Board of  Directors of LINC Technology Corporation. 

James R. Steffey,  age 74, 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  President 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.  The  General Partners are paid no bonuses and are reimbursed for out-of-pocket  expenses, not including labor, when and if funds are available. 

**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:**

|   | a)     | Documents filed as part of this Annual Report:  Unaudited financial statements, filed in accordance with  Reg.  210.3-11 of Regulation S-X. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                        |
|   | b)     | Reports  on Form 8-K:   None                                                                                                           |

Exhibits

| 31.1   | Rule 13a-14(a) Certification                                                             |
|--------|------------------------------------------------------------------------------------------|
|   |                                                                                     |
| 31.2   | Rule 13a-14(a) Certification                                                             |
|   |                                                                                     |
| 32     | CertificationPursuant  to Section 906 of the Sarbanes-Oxley Actof  2002 (18 U.S.C. 1350) |

----

**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

| Date:   3-20-11 | By:    | /s/ *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 dateindicated.

| Date:   3-20-11 | By:    | /s/ *James R. Steffey* |
|-----------------|--------|------------------------|
|            |   | 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 tosecurity holders.  

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**TASA PRODUCTS LIMITED    BALANCE SHEET    DECEMBER 31, 2010 AND 2009  (UNAUDITED)**

|                                       |   | **12/31/10** |   |   | **12/31/09** |   |
|--------------------------------------------|--------|--------------|--------|--------|--------------|--------|
|                                       |   |         |   |   |         |   |
| **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   | )      |

The accompanying  notes are an integral part of the financialstatements 

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**TASA PRODUCTS LIMITED  STATEMENT OF INCOME  FOR THE YEAR ENDING  DECEMBER 31, 2010, 2009, & 2008  (UNAUDITED)**

|                          |   | **12/31/10 ** |   |   | **12/31/09** |   |   | **12/31/08** |   |
|-------------------------------|--------|--------------------|--------|--------|--------------|--------|--------|--------------|--------|
|                          |   |               |   |   |         |   |   |         |   |
| Revenue                       | $      | 0                  |   | $      | 0            |   | $      | 0            |   |
| Royalty  Revenue              |   | 0                  |   |   | 0            |   |   | 0            |   |
| Other Revenue                 |   |               |   |   |         |   |   |         |   |
|                          |   |               |   |   |         |   |   |         |   |
| **TOTAL  REVENUE**            |   | 0                  |   |   | 0            |   |   | 0            |   |
|                          |   |               |   |   |         |   |   |         |   |
| Costs and  Expenses:          |   |               |   |   |         |   |   |         |   |
| Commissions                   |   | 0                  |   |   | 0            |   |   | 0            |   |
| Supplies                      |   | 0                  |   |   | 0            |   |   | 0            |   |
| Taxes                         |   | 0                  |   |   | 0            |   |   | 0            |   |
|                          |   |               |   |   |         |   |   |         |   |
| **TOTAL  COSTS AND EXPENSES** |   | 0                  |   |   | 0            |   |   | 0            |   |
|                          |   |               |   |   |         |   |   |         |   |
| Net Income  (Loss)            |   | 0                  |   |   | 0            |   |   | 0            |   |

 The accompanying  notes are an integral part of the financial statements

----

**TASA PRODUCTS LIMITED  STATEMENT OF CASH FLOWS      FOR THE YEARS ENDING  DECEMBER 31, 2010, 2009, & 2008  (UNAUDITED)**

|                                                    |   | **12/31/10** |   |   | **12/31/09** |   |   | **12/31/08** |   |
|---------------------------------------------------------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|
|                                                    |   |         |   |   |         |   |   |         |   |
| Net Cash From  Operating Activities                     | $      | 0            |   | $      | 0            |   | $      | 0            |   |
| Net Cash Used By  Investing Activities.                 |   | 0            |   |   | 0            |   |   | 0            |   |
| Net Cash From  Financing Activities                |   | 0            |   |   | 0            |   |   | 0            |   |
| Net Increase In  Cash                              |   | 0            |   |   | 0            |   |   | 0            |   |
|         Cash At  Begining of Period |   | 0            |   |   | 0            |   |   | 0            |   |
|         Cash At End Of  Period      |   | 0            |   |   | 0            |   |   | 0            |   |

The accompanying  notes are an integral part of the financialstatements 

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**TASA  PRODUCTS LIMITED  STATEMENT OF PARTNERS' CAPITAL      FOR THE YEAR  ENDING    DECEMBER 31, 2010, 2009 &  2008   (UNAUDITED)**

|                               |   | **12/31/10**      |   |   | **12/31/09** |   |   | **12/31/08** |   |
|------------------------------------|--------|-------------------|--------|--------|--------------|--------|--------|--------------|--------|
|                               |   |              |   |   |         |   |   |         |   |
| 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   | )      |

The accompanying  notes are an integral part of the financialstatements  

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**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 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  non-assessable.  

**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: 

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:  

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 thecumulative capital  contributions received from Limited Partners. 

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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: 

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 followingorder 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 orin  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 toinvestors  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.

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**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 tangible properties.

**Other  Assets**

The partnership  has no tangible assets.

**Offering  Costs**

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.  

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**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  February 2005, 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  agreement with the  secured creditor.

**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. 

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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  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 partnership 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  occurred, 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  totaling $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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