<PAGE>


                  SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549


                               FORM 10-Q


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



     For the quarter ended         Commission File Number
      September 30, 1997                  0-13430


                    DYCO OIL AND GAS PROGRAM 1984-1
                        (A LIMITED PARTNERSHIP)
        (Exact Name of Registrant as specified in its charter)



           Minnesota                          41-1465070
  (State or other jurisdiction      (I.R.S. Employer Identification
       of incorporation or                   Number)
       organization)




      Samson Plaza, Two West Second Street, Tulsa, Oklahoma  74103
      ------------------------------------------------------------
      (Address of principal executive offices)           (Zip Code)


                            (918) 583-1791
          ----------------------------------------------------
          (Registrant's telephone number, including area code)



Indicate  by check  mark  whether the  registrant  (1) has  filed  all
reports required to be filed by  Section 13 or 15(d) of the Securities
Exchange Act  of 1934  during  the preceding  12 months  (or for  such
shorter period that the registrant was required to file such reports),
and (2) has  been subject to such filing requirements  for the past 90
days.
                         Yes   X    No      
                             -----      -----
<PAGE>
<PAGE>
                    Part I.  Financial Information

Item 1.  Financial Statements

          DYCO OIL AND GAS PROGRAM 1984-1 LIMITED PARTNERSHIP
                            BALANCE SHEETS
                              (Unaudited)

                                ASSETS

                                      September 30,  December 31,
                                          1997          1996
                                      -------------  ------------

CURRENT ASSETS:
  Cash and cash equivalents               $153,196      $110,217
  Accrued oil and gas sales                 78,979       136,951
                                          --------      --------
     Total current assets                 $232,175      $247,168

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                     338,581       392,256

DEFERRED CHARGE                             70,942        70,942
                                          --------      --------
                                          $641,698      $710,366
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $  7,958      $  6,130
                                          --------      --------
     Total current liabilities            $  7,958      $  6,130

ACCRUED LIABILITY                           35,472        35,472

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 55 units                     5,983         6,688
  Limited Partners, issued and
   outstanding, 5,500 units                592,285       662,076
                                          --------      --------
     Total Partners' capital              $598,268      $668,764
                                          --------      --------
                                          $641,698      $710,366
                                          ========      ========

                The accompanying condensed notes are an
             integral part of these financial statements.

                                  -2-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1984-1 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
        FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
                              (Unaudited)


                                          1997          1996
                                        --------      --------

REVENUES:
  Oil and gas sales                     $120,223      $152,597
  Interest                                 1,424         1,346
                                        --------      --------
                                        $121,647      $153,943

COST AND EXPENSES:
  Oil and gas production                $ 34,465      $  7,548
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             15,013        34,380
  General and administrative (Note 2)     18,205        17,523
                                        --------      --------
                                        $ 67,683      $ 59,451
                                        --------      --------

NET INCOME                              $ 53,964      $ 94,492 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $    540      $    945 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $ 53,424      $ 93,547 
                                        ========      ========
NET INCOME PER UNIT                     $   9.71      $  17.01 
                                        ========      ========
UNITS OUTSTANDING                          5,555         5,555
                                        ========      ========

                The accompanying condensed notes are an
             integral part of these financial statements.

                                  -3-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1984-1 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
                              (Unaudited)


                                          1997          1996
                                        --------      --------

REVENUES:
  Oil and gas sales                     $359,964      $385,611
  Interest                                 4,396         5,343
                                        --------      --------
                                        $364,360      $390,954

COST AND EXPENSES:
  Oil and gas production                $ 93,985      $ 64,213
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             55,943        87,381
  General and administrative (Note 2)     62,728        59,964
                                        --------      --------
                                        $212,656      $211,558
                                        --------      --------

NET INCOME                              $151,704      $179,396 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $  1,517      $  1,794 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $150,187      $177,602 
                                        ========      ========
NET INCOME PER UNIT                     $  27.31      $  32.29 
                                        ========      ========
UNITS OUTSTANDING                          5,555         5,555
                                        ========      ========

                The accompanying condensed notes are an
             integral part of these financial statements.

                                  -4-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1984-1 LIMITED PARTNERSHIP
                       STATEMENTS OF CASH FLOWS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
                              (Unaudited)

                                           1997         1996
                                         --------    ----------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                             $151,704     $179,396 
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                            55,943       87,381
   Decrease (increase) in accrued oil 
     and gas sales                         57,972    (   1,414)
   Increase in accounts payable             1,828        3,420 
                                         --------     -------- 
   Net cash provided by operating
     activities                          $267,447     $268,783
                                         --------     --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds from the sale of oil and
    gas properties                       $  1,351     $    629
  Additions to oil and gas properties   (   3,619)   (   4,266)
                                         --------     --------
   Net cash used by investing
     activities                         ($  2,268)   ($  3,637)
                                         --------     --------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash distributions                    ($222,200)   ($277,750)
                                         --------     --------
   Net cash used by financing
     activities                         ($222,200)   ($277,750)
                                         --------     --------

NET INCREASE (DECREASE) IN CASH AND 
  CASH EQUIVALENTS                       $ 42,979    ($ 12,604)

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                     110,217      233,440 
                                         --------     --------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                          $153,196     $220,836
                                         ========     ========

                The accompanying condensed notes are an
             integral part of these financial statements.

                                  -5-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1984-1 LIMITED PARTNERSHIP
                CONDENSED NOTES TO FINANCIAL STATEMENTS
                          SEPTEMBER 30, 1997
                              (Unaudited)


1.   ACCOUNTING POLICIES
     -------------------

     The  balance  sheet  as  of  September 30,  1997,  statements  of
     operations for the three and nine months ended September 30, 1997
     and 1996, and statements of cash flows for the nine  months ended
     September  30, 1997 and 1996 have been prepared by Dyco Petroleum
     Corporation ("Dyco"), the General Partner of the Dyco Oil and Gas
     Program  1984-1  Limited  Partnership  (the  "Program"),  without
     audit.    In the  opinion  of management  all  adjustments (which
     include only normal  recurring adjustments) necessary  to present
     fairly the financial  position at September 30,  1997, results of
     operations for the three and nine months ended September 30, 1997
     and 1996  and changes  in cash  flows for  the nine months  ended
     September 30, 1997 and 1996 have been made.

     Information  and   footnote  disclosures  normally   included  in
     financial  statements  prepared  in  accordance   with  generally
     accepted accounting principles  have been  condensed or  omitted.
     It  is  suggested  that these  financial  statements  be  read in
     conjunction  with  the  financial  statements  and notes  thereto
     included in the Program's Annual Report on Form 10-K for the year
     ended  December  31, 1996.   The  results  of operations  for the
     period ended September 30, 1997 are not necessarily indicative of
     the results to be expected for the full year.  

     The limited partners' net income  or loss per unit is based  upon
     each $5,000 initial capital contribution.

     OIL AND GAS PROPERTIES
     ----------------------

     Oil  and gas  operations are  accounted for  using the  full cost
     method of  accounting.   All productive and  non-productive costs
     associated  with the acquisition,  exploration and development of
     oil and gas reserves are capitalized.   The Program's calculation
     of depreciation, depletion,  and amortization includes  estimated
     future expenditures to be  incurred in developing proved reserves
     and   estimated  dismantlement  and  abandonment  costs,  net  of
     estimated salvage values.   In the event the unamortized  cost of
     oil  and gas  properties  being amortized  exceeds the  full cost
     ceiling (as  defined by the Securities  and Exchange Commission),
     the excess is charged to expense in  the period during which such
     excess  occurs.    Sales   and  abandonments  of  properties  are
     accounted for as adjustments of capitalized costs with no gain or
     loss  recognized, unless  such  adjustments  would  significantly
     alter the  relationship between capitalized costs  and proved oil
     and gas reserves.

     The provision  for depreciation,  depletion, and  amortization of
     oil  and gas properties is calculated by dividing the oil and gas
     sales dollars  during the  period by  the estimated future  gross
     income from the oil and gas properties and applying the resulting
     rate to the  net remaining costs of  oil and gas properties  that
     have been capitalized, plus estimated future development costs.

                                  -6-
<PAGE>
<PAGE>
2.   TRANSACTIONS WITH RELATED PARTIES
     ---------------------------------

     Under the terms  of the Program's partnership  agreement, Dyco is
     entitled to receive a reimbursement  for all direct expenses  and
     general and administrative,  geological and engineering  expenses
     it incurs  on behalf  of the  Program.  During  the three  months
     ended September 30,  1997 and 1996 such  expenses totaled $18,205
     and $17,523 respectively, of  which $15,654 was paid  each period
     to  Dyco  and  its affiliates.    During  the  nine months  ended
     September 30,  1997 and  1996 such expenses  totaled $62,728  and
     $59,964 respectively, of  which $46,962 was  paid each period  to
     Dyco and its affiliates. 

     Affiliates  of  the  Program  operate certain  of  the  Program's
     properties.   Their  policy  is  to  bill  the  Program  for  all
     customary charges and  cost reimbursements associated with  these
     activities.
                                  -7-
<PAGE>
<PAGE>
ITEM 2.   MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS


USE OF FORWARD-LOOKING STATEMENTS AND ESTIMATES
-----------------------------------------------

     This   Quarterly   Report   contains    certain   forward-looking
     statements.  The words "anticipate," "believe," "expect," "plan,"
     "intend,"  "estimate," "project,"  "could,"  "may,"  and  similar
     expressions are intended  to identify forward-looking statements.
     Such statements reflect management's  current views with  respect
     to  future  events and  financial  performance.   This  Quarterly
     Report also includes  certain information, which is,  or is based
     upon, estimates and assumptions.   Such estimates and assumptions
     are management's efforts to  accurately reflect the condition and
     operation of the Program.

     Use of forward-looking statements  and estimates and  assumptions
     involve  risks  and  uncertainties  which include,  but  are  not
     limited to, the volatility of oil and gas prices, the uncertainty
     of reserve  information, the  operating risk associated  with oil
     and gas properties (including the risk of personal injury, death,
     property  damage,  damage to  the  well  or producing  reservoir,
     environmental  contamination, and  other  operating  risks),  the
     prospect of  changing tax  and regulatory laws,  the availability
     and capacity  of  processing and  transportation facilities,  the
     general economic climate, the supply and price of foreign imports
     of  oil and gas,  the level of  consumer product demand,  and the
     price  and availability of alternative fuels.  Should one or more
     of  these risks  or uncertainties  occur or  should  estimates or
     underlying  assumptions  prove  incorrect, actual  conditions  or
     results  may vary  materially  and adversely  from those  stated,
     anticipated, believed, estimated, or otherwise indicated.


LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

     Net  proceeds   from  the  Program's  operations  less  necessary
     operating  capital are  distributed to  investors on  a quarterly
     basis.   The net proceeds  from production are  not reinvested in
     productive assets, except to the extent that producing wells  are
     improved, or  where methods are employed to permit more efficient
     recovery  of  the Program's  reserves  which  would result  in  a
     positive economic impact.

     The Program's available capital from subscriptions has been spent
     on oil and  gas drilling  activities.   There should  not be  any
     further material capital resource commitments in the future.  The
     Program has  no  bank debt  commitments.   Cash  for  operational
     purposes will be provided by current oil and gas production.


RESULTS OF OPERATIONS
---------------------

     GENERAL DISCUSSION

     The following  general discussion  should be read  in conjunction
     with the analysis of  results of operations provided below.   The

                                  -8-
<PAGE>
<PAGE>
     most important  variable affecting the Program's  revenues is the
     prices received for the  sale of oil and gas.   Predicting future
     prices is very difficult.  Substantially all of the Program's gas
     reserves are being sold in the "spot market".  Prices on the spot
     market  are  subject  to   wide  seasonal  and  regional  pricing
     fluctuations  due to the  highly competitive  nature of  the spot
     market.  In addition, such spot market sales are generally short-
     term  in  nature  and   are  dependent  upon  the  obtaining   of
     transportation  services provided  by pipelines.   Management  is
     unable  to predict  whether future  oil and  gas prices  will (i)
     stabilize, (ii) increase, or (iii) decrease.

     THREE  MONTHS ENDED SEPTEMBER 30,  1997 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1996.

                                   Three Months Ended September 30,
                                   --------------------------------
                                          1997            1996
                                        --------        --------
      Oil and gas sales                 $120,223        $152,597
      Oil and gas production expenses   $ 34,465        $  7,548
      Barrels produced                       246             350
      Mcf produced                        52,240          67,177
      Average price/Bbl                 $  19.18        $  23.29
      Average price/Mcf                 $   2.21        $   2.15
 
     As shown in  the table above, total  oil and gas sales  decreased
     $32,374  (21.2%) for the three months ended September 30, 1997 as
     compared to the  three months ended September 30,  1996.  Of this
     decrease, approximately  $32,000 was  related to the  decrease in
     volumes  of gas sold.  Volumes of  oil and gas sold decreased 104
     barrels and 14,937 Mcf, respectively,  for the three months ended
     September  30,  1997  as  compared  to  the  three  months  ended
     September 30, 1996.  The decrease in volumes of gas sold resulted
     primarily from a negative  prior period volume adjustment by  the
     purchaser on  two wells during  the three months  ended September
     30, 1997.  Average oil prices  decreased to $19.18 per barrel for
     the  three months ended September 30, 1997 from $23.29 per barrel
     for  the  three months  ended September  30,  1996.   Average gas
     prices  increased to  $2.21 per  Mcf for  the three  months ended
     September 30,  1997 from $2.15 per Mcf for the three months ended
     September 30, 1996.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and production taxes) increased $26,917 (356.6%) for the
     three  months ended September 30,  1997 as compared  to the three
     months  ended  September  30,   1996.    This  increase  resulted
     primarily from a reversal  of a $20,000 accrual during  the three
     months  ended September  30,  1996 due  to  the conclusion  of  a
     certain legal contingency.  As a percentage of oil and gas sales,
     these expenses  increased  to 28.7%  for the  three months  ended
     September 30, 1997 from 4.9% for the three months ended September
     30,  1996.   This percentage  increase was  primarily due  to the
     accrual reversal discussed above.

     Depreciation,  depletion,   and  amortization  of  oil   and  gas
     properties decreased  $19,367 (56.3%) for the  three months ended
     September  30,  1997  as  compared  to  the  three  months  ended
     September  30, 1996.  This decrease resulted primarily from (i) a
     decrease in volumes  of gas  sold during the  three months  ended
     September  30,  1997  as  compared  to  the  three  months  ended

                                  -9-
<PAGE>
<PAGE>
     September  30, 1996 and (ii) upward revisions of previous oil and
     gas reserve estimates at  December 31, 1996.  As  a percentage of
     oil and gas  sales, this expense decreased to 12.5% for the three
     months ended September 30,  1997 from 22.5% for the  three months
     ended September 30, 1996.  This percentage decrease was primarily
     due  to  the  dollar  decrease in  depreciation,  depletion,  and
     amortization discussed above.  
     General and administrative  expenses remained relatively constant
     for the three months  ended September 30, 1997 as compared to the
     three months  ended September 30, 1996.   As a percentage  of oil
     and  gas sales, these expenses  increased to 15.1%  for the three
     months ended September 30,  1997 from 11.5% for the  three months
     ended September 30, 1996.  This percentage increase was primarily
     due to the decrease in oil and gas sales discussed above.


     NINE  MONTHS ENDED  SEPTEMBER 30,  1997 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1996.

                                    Nine Months Ended September 30,
                                    -------------------------------
                                          1997            1996
                                        --------        --------
      Oil and gas sales                 $359,964        $385,611
      Oil and gas production expenses   $ 93,985        $ 64,213
      Barrels produced                       956           1,302 
      Mcf produced                       142,935         170,191
      Average price/Bbl                 $  20.85        $  20.06
      Average price/Mcf                 $   2.38        $   2.11

     As shown in the  table above, total oil  and gas sales  decreased
     $25,647 (6.65%) for the  nine months ended September 30,  1997 as
     compared  to the nine  months ended September 30,  1996.  Of this
     decrease,  approximately $7,000  and $57,000,  respectively, were
     related  to decreases in volumes  of oil and  gas sold, partially
     offset by an increase of $38,000  related to the increase in  the
     average  prices  of gas  sold.    Volumes  of  oil and  gas  sold
     decreased by  346 barrels and  27,256 Mcf, respectively,  for the
     nine  months ended  September 30,  1997 as  compared to  the nine
     months ended September 30, 1996.  The decrease in volumes of  gas
     sold resulted  primarily from a negative  prior period adjustment
     by  the purchaser  on  two wells  during  the nine  months  ended
     September 30, 1997 as compared to the nine months ended September
     30,  1996.  Average  oil and gas  prices increased  to $20.85 per
     barrel and $2.38 per Mcf, respectively, for the nine months ended
     September  30, 1997  from $20.06  per barrel  and $2.11  per Mcf,
     respectively, for the nine months ended September 30, 1996.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and production taxes)  increased $29,772 (46.4%) for the
     nine  months ended  September 30,  1997 as  compared to  the nine
     months  ended  September  30,   1996.    This  increase  resulted
     primarily from (i)  a reversal  of a $20,000  accrual during  the
     nine months ended  September 30, 1996 due to the  conclusion of a
     certain legal contingency and  (ii) workover expenses incurred on
     one well during  the nine months ended September 30,  1997.  As a
     percentage  of oil  and gas  sales,  these expenses  increased to
     26.1% for the nine months ended September 30, 1997 from 16.7% for
     the  nine  months ended  September  30,  1996.   This  percentage
     increase  was primarily  due  to the  accrual reversal  discussed
     above.

                                 -10-
<PAGE>
<PAGE>
     Depreciation,  depletion,   and  amortization  of  oil   and  gas
     properties decreased  $31,438 (36.0%)  for the nine  months ended
     September 30, 1997 as compared to the nine months ended September
     30, 1996.  This decrease resulted primarily from (i) decreases in
     volumes  of oil  and  gas  sold  during  the  nine  months  ended
     September 30, 1997 as compared to the nine months ended September
     30,  1996 and  (ii)  upward revisions  of  previous oil  and  gas
     reserve  estimates at December 31, 1996.   As a percentage of oil
     and  gas  sales, this  expense decreased  to  15.5% for  the nine
     months  ended September 30, 1997  from 22.7% for  the nine months
     ended September 30, 1996.  This percentage decrease was primarily
     due  to  the  dollar  decrease in  depreciation,  depletion,  and
     amortization discussed above. 

     General  and administrative expenses remained relatively constant
     for  the nine months ended September  30, 1997 as compared to the
     nine months ended September 30, 1996.  As a percentage of oil and
     gas  sales, these expenses increased to 17.4% for the nine months
     ended September 30,  1997 from  15.6% for the  nine months  ended
     September 30, 1996.   This percentage increase was  primarily due
     to the decrease in oil and gas sales discussed above.

                                 -11-
<PAGE>
<PAGE>
                      PART II:  OTHER INFORMATION


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits:

          27.1      Financial   Data   Schedule   containing   summary
                    financial information extracted from the Program's
                    financial  statements as of September 30, 1997 and
                    for  the  nine months  ended  September  30, 1997,
                    filed herewith.

                    All other exhibits are omitted as inapplicable.

     (b)  Reports on Form 8-K

          None.
                                 -12-
<PAGE>
<PAGE>
                              SIGNATURES


Pursuant to the requirements  of the Securities Exchange Act  of 1934,
the Registrant has duly caused this  report to be signed on its behalf
by the undersigned, thereunto duly authorized.


                         DYCO OIL AND GAS PROGRAM 1984-1 LIMITED
                         PARTNERSHIP

                              (Registrant)


                              By:  DYCO PETROLEUM CORPORATION

                                   General Partner




Date:  November 3, 1997      By:        /s/Dennis R. Neill
                                 -------------------------------
                                        (Signature)
                                        Dennis R. Neill
                                        President



Date:  November 3, 1997      By:        /s/Patrick M. Hall
                                 -------------------------------
                                        (Signature)
                                        Patrick M. Hall
                                        Chief Financial Officer

                                 -13-
<PAGE>
<PAGE>
                           INDEX TO EXHIBITS
                           -----------------


NUMBER    DESCRIPTION
------    -----------

27.1      Financial   Data   Schedule  containing   summary  financial
          information  extracted from  the  Dyco Oil  and Gas  Program
          1984-1  Limited Partnership's  financial  statements  as  of
          September  30, 1997 and for the  nine months ended September
          30, 1997, filed herewith.

          All other exhibits are omitted as inapplicable.
<PAGE>