<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, 1996                  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,
                                          1996          1995
                                      -------------  ------------

CURRENT ASSETS:
  Cash and cash equivalents               $220,836      $233,440
  Accrued oil and gas sales, including
   $52,780 due from related parties
   in 1995 (Note 2)                         78,751        77,337
                                          --------      --------
     Total current assets                 $299,587      $310,777

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                     367,635       451,379

DEFERRED CHARGE                            119,653       119,653
                                          --------      --------
                                          $786,875      $881,809
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $ 29,224      $ 25,804
                                          --------      --------
     Total current liabilities            $ 29,224      $ 25,804

ACCRUED LIABILITY                           36,046        36,046

CONTINGENCIES (Note 3)

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 55 units                     7,216         8,200
  Limited Partners, issued and
   outstanding, 5,500 units                714,389       811,759
                                          --------      --------
     Total Partners' capital              $721,605      $819,959
                                          --------      --------
                                          $786,875      $881,809
                                          ========      ========

                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, 1996 AND 1995
                              (Unaudited)


                                          1996          1995
                                        --------      --------

REVENUES:
  Oil and gas sales, including
   $92,218 of sales to related
   parties in 1995 (Note 2)             $152,597      $107,732
  Interest                                 1,346         1,869
                                        --------      --------
                                        $153,943      $109,601

COST AND EXPENSES:
  Oil and gas production                $  7,548      $ 25,886
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             34,380        27,922
  General and administrative (Note 2)     17,523        17,139
                                        --------      --------
                                        $ 59,451      $ 70,947
                                        --------      --------

NET INCOME                              $ 94,492      $ 38,654 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $    945      $    387 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $ 93,547      $ 38,267 
                                        ========      ========
NET INCOME PER UNIT                     $  17.01      $   6.96 
                                        ========      ========
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, 1996 AND 1995
                              (Unaudited)


                                          1996          1995
                                        --------      --------

REVENUES:
  Oil and gas sales, including
   $254,618 of sales to related
   parties in 1995 (Note 2)             $385,611      $305,876
  Interest                                 5,343         5,749
                                        --------      --------
                                        $390,954      $311,625

COST AND EXPENSES:
  Oil and gas production                $ 64,213      $127,085
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             87,381       103,797
  General and administrative (Note 2)     59,964        60,687
                                        --------      --------
                                        $211,558      $291,569
                                        --------      --------

NET INCOME                              $179,396      $ 20,056 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $  1,794      $    201 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $177,602      $ 19,855 
                                        ========      ========
NET INCOME PER UNIT                     $  32.29      $   3.61 
                                        ========      ========
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, 1996 AND 1995
                              (Unaudited)

                                           1996         1995
                                         --------    ----------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                             $179,396     $ 20,056 
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                            87,381      103,797
   (Increase) decrease in accrued oil
     and gas sales                      (   1,414)       6,751
   Increase in accounts payable             3,420        1,732 
                                         --------     -------- 
   Net cash provided by operating
     activities                          $268,783     $132,336
                                         --------     --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to oil and gas properties   ($  4,266)   ($ 29,982)
  Retirements of oil and gas 
    properties                                629        5,361
                                         --------     --------
   Net cash used by investing 
     activities                         ($  3,637)   ($ 24,621)
                                         --------     --------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash distributions                    ($277,750)   ($138,875)
                                         --------     --------
   Net cash used by financing
     activities                         ($277,750)   ($138,875)
                                         --------     --------

NET DECREASE IN CASH AND CASH
  EQUIVALENTS                           ($ 12,604)   ($ 31,160)

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                     233,440      133,975 
                                         --------     --------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                          $220,836     $102,815
                                         ========     ========

                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, 1996
                              (Unaudited)


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

     The  balance  sheet  as  of  September 30,  1996,  statements  of
     operations for the three and nine months ended September 30, 1996
     and 1995, and statements of cash flows for the nine  months ended
     September  30, 1996 and 1995 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,  1996, results of
     operations for the three and nine months ended September 30, 1996
     and 1995  and changes  in cash  flows for  the nine months  ended
     September 30, 1996 and 1995 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, 1995.   The  results  of operations  for the
     period ended September 30, 1996 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.    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  year  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, 1996  and 1995 such expenses totaled  $17,523
     and $17,139 respectively, of which  $15,654 and $15,654 were paid
     to Dyco.   During the  nine months  ended September 30,  1996 and
     1995 such  expenses totaled $59,964 and  $60,687 respectively, of
     which $46,962 and $46,962 were paid to Dyco. 

     Affiliates of the  Program are  the operators of  certain of  the
     Program's  properties and their policy is to bill the Program for
     all  customary charges  and cost  reimbursements associated  with
     their   activities,  together   with   any  compressor   rentals,
     consulting, or other services provided.

     The  Program sold  gas at  market prices  to Premier  Gas Company
     ("Premier")  and Premier then resold such gas to third parties at
     market prices.   Premier was  an affiliate of  the Program  until
     December  6, 1995.  During  the three months  ended September 30,
     1995 these sales totaled  $92,218.  During the nine  months ended
     September 30, 1995 these sales totaled $254,618.  At December 31,
     1995, accrued gas sales included $52,780 due from Premier.


3.   CONTINGENCIES
     -------------

     On  October 15, 1993 and October 26, 1993, certain royalty owners
     filed  two  class  action  lawsuits  against  Dyco in  which  the
     plaintiffs  alleged entitlement to a share of proceeds of a take-
     or-pay settlement  with specified  gas purchasers.   The lawsuits
     allege claims based on unjust enrichment, breach of contract, and
     breach  of  fiduciary  obligations  and seek  an  accounting  and
     declaration  that the  plaintiffs are third  party beneficiaries.
     The plaintiffs have  not quantified the amount of  their damages,
     but  they are  seeking exemplary  damages, unpaid  royalties, and
     interest.  Dyco has filed its  answer in both matters in which it
     denied  all of the  plaintiffs' allegations.   The district court
     certified  the matters as class  actions on January  21, 1994 and
     January 18,  1994, respectively,  and discovery is  proceeding in
     both  matters.   On  November 29,  1994,  the plaintiffs  filed a
     motion for summary  judgment in  both matters.   Dyco intends  to
     vigorously defend  the  lawsuits.    On September  10,  1996  the
     Oklahoma Supreme Court ruled in a separate lawsuit that owners of
     royalty  interests in Oklahoma oil and gas properties do not have
     the right  to share in  the proceeds of  take-or-pay settlements.
     Such ruling is  not yet final.  As of the date of these financial
     statements, Management cannot determine the amount of the alleged
     damages  which  would  be allocable  to  the  Program  from these
     lawsuits.

                                  -7-
<PAGE>
<PAGE>
ITEM 2.   MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS


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.    Over the  last  several years,  the
     domestic  energy industry  and  the Program  have contended  with
     volatile, but generally low,  oil and gas prices.  Over  the past
     few years,  the oil and  gas market  appears to  have moved  from
     periods  of relative  stability in  supply and  demand to  excess
     supply  or weakened  demand.    These  trends  have  led  to  the
     volatility in pricing and demand noted over the past years.

     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
---------------------

     THREE  MONTHS ENDED SEPTEMBER 30,  1996 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                   Three months ended September 30,
                                   --------------------------------
                                          1996            1995
                                        --------        --------
      Oil and gas sales                 $152,597        $107,732
      Oil and gas production expenses   $  7,548        $ 25,886
      Barrels produced                       350             862
      Mcf produced                        67,177          69,171
      Average price/Bbl                 $  23.29        $  18.00
      Average price/Mcf                 $   2.15        $   1.33
 
     As shown in the table above, oil and gas sales  increased $44,865
     (41.6%) for the three months ended September 30, 1996 as compared
     to the three  months ended September 30, 1995.  Of this increase,
     $61,280 was related to the increases in the average prices of oil
     and  natural gas  sold, partially  offset by  a  $16,211 decrease
     related to  the decreases in  the volumes of oil  and natural gas
     sold.   Volumes  of oil  and  natural gas  sold decreased  by 512
     barrels and  1,994 Mcf, respectively, for the  three months ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30, 1995.  The decrease in volumes of oil sold resulted
     primarily  from   the  normal  declines  in   production  due  to
     diminished oil reserves on several wells during the  three months
     ended  September 30, 1996 as  compared to the  three months ended
     September 30, 1995.  Average oil and natural gas prices increased
     to $23.29 per  barrel and  $2.15 per Mcf,  respectively, for  the
     three  months ended September 30, 1996 from $18.00 per barrel and
     $1.33 per Mcf, respectively, for the three months ended September

                                  -8-
<PAGE>
<PAGE>
     30, 1995.  

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and  production taxes)  decreased $18,338 for  the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  This decrease  resulted primarily from
     the 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 decreased to 4.9%  for the three months  ended September
     30,  1996 from  24.0% for  the three  months ended  September 30,
     1995.  This  percentage decrease  was primarily a  result of  the
     accrual reversal  discussed above  during the three  months ended
     September 30, 1996.

     Depreciation,  depletion,   and  amortization  of  oil   and  gas
     properties increased $6,458 for  the three months ended September
     30,  1996 as  compared to  the three  months ended  September 30,
     1995.  This increase was primarily the result of the increases in
     the  average prices of oil and natural  gas sold during the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  As a percentage of oil  and gas sales,
     this  expense  decreased to  22.5%  for  the three  months  ended
     September  30,  1996  from  25.9%  for  the  three  months  ended
     September 30, 1995.   This percentage decrease resulted primarily
     from the increases  in the average prices of oil  and natural gas
     sold during the three months ended September 30, 1996 as compared
     to the three months ended September 30, 1995.  

     General and administrative expenses  increased $384 for the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  This  increase was primarily due to an
     increase  in  professional fees  during  the  three months  ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30, 1995.  As a  percentage of oil and gas sales, these
     expenses decreased to 11.5% for  the three months ended September
     30,  1996 from  15.9% for  the three  months ended  September 30,
     1995.    This percentage  decrease  resulted  primarily from  the
     increases  in  the average  prices of  oil  and natural  gas sold
     during the three months  ended September 30, 1996 as  compared to
     the three months ended September 30, 1995.    

     NINE  MONTHS ENDED  SEPTEMBER 30,  1996 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                    Nine months ended September 30,
                                    -------------------------------
                                          1996            1995
                                        --------        --------
      Oil and gas sales                 $385,611        $305,876
      Oil and gas production expenses   $ 64,213        $127,085
      Barrels produced                     1,302           2,069
      Mcf produced                       170,191         195,252
      Average price/Bbl                 $  20.06        $  17.68
      Average price/Mcf                 $   2.11        $   1.38

     As  shown in the table above, oil and gas sales increased $79,735
     (26.1%)  for the nine months ended September 30, 1996 as compared
     to the nine  months ended September 30, 1995.   Of this increase,
     $142,534  was related  to the  increase in  the average  price of
     natural gas sold, partially offset by a $68,265 decrease  related

                                  -9-
<PAGE>
<PAGE>
     to  the decreases  in the volumes  of oil  and natural  gas sold.
     Volumes  of oil and natural gas sold decreased by 767 barrels and
     25,061 Mcf, respectively, for the nine months ended September 30,
     1996 as compared  to the  nine months ended  September 30,  1995.
     The  decrease in  volumes of  oil and  natural gas  sold resulted
     primarily  from   the  normal  declines  in   production  due  to
     diminished  reserves on  two wells during  the nine  months ended
     September 30, 1996 as compared to the nine months ended September
     30, 1995.  Average oil and natural gas prices increased to $20.06
     per barrel and $2.11  per Mcf, respectively, for the  nine months
     ended September 30,  1996 from  $17.68 per barrel  and $1.38  per
     Mcf,  respectively, for the nine months ended September 30, 1995.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $62,872 for  the nine
     months  ended September 30, 1996  as compared to  the nine months
     ended September  30, 1995.  This decrease resulted primarily from
     (i) decreases in  the volumes of oil and  natural gas sold during
     the nine  months ended September 30, 1996 as compared to the nine
     months ended September 30,  1995, (ii) workover expenses incurred
     on one well during the nine months ended September 30, 1995 which
     resulted  in  its  abandonment   during  the  nine  months  ended
     September 30, 1995, and  (iii) the reversal of a  $20,000 accrual
     during  the nine  months  ended September  30,  1996 due  to  the
     conclusion  of a certain legal  contingency.  As  a percentage of
     oil and gas sales, these expenses decreased to 16.7% for the nine
     months  ended September 30, 1996  from 41.5% for  the nine months
     ended September 30, 1995.  This percentage decrease was primarily
     a result of the  decrease in production expenses and  the accrual
     reversal discussed above  and increases in the average  prices of
     oil and natural gas  sold during the nine months  ended September
     30, 1996 as compared to the nine months ended September 30, 1995.

     Depreciation,   depletion,  and  amortization   of  oil  and  gas
     properties decreased $16,416 for  the nine months ended September
     30, 1996 as compared to the nine months ended September 30, 1995.
     This  decrease was primarily the  result of the  decreases in the
     volumes of oil and natural gas sold  during the nine months ended
     September 30, 1996 as compared to the nine months ended September
     30, 1995.   As a percentage  of oil and  gas sales, this  expense
     decreased to 22.7% for  the nine months ended September  30, 1996
     from 33.9% for the  nine months ended September  30, 1995.   This
     percentage decrease resulted primarily  from the increases in the
     average prices of oil and natural gas sold during the nine months
     ended September 30,  1996 as  compared to the  nine months  ended
     September 30, 1995.

     General and administrative expenses remained  relatively constant
     for the nine months  ended September 30, 1996 as compared  to the
     nine months ended September 30, 1995.  As a percentage of oil and
     gas  sales, these expenses decreased to 15.6% for the nine months
     ended September 30,  1996 from  19.8% for the  nine months  ended
     September 30, 1995.   This percentage decrease resulted primarily
     from the increases  in the average prices of oil  and natural gas
     sold  during the nine months ended September 30, 1996 as compared
     to the nine months ended September 30, 1995.

                                 -10-
<PAGE>
<PAGE>
                      PART II:  OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

     On October 15, 1993, certain royalty owners filed  a class action
     lawsuit against Dyco Petroleum  Corporation ("Dyco") in which the
     plaintiffs  alleged entitlement to a  share of the  proceeds of a
     take-or-pay settlement  with a  gas purchaser which  involved the
     Marshall Young No. 2-4 well (Tom Mikles, et al. v. Dyco Petroleum
     Corporation, Case No. C-93-190, District Court of Beckham County,
     Oklahoma).   The Program had an approximate 3.7% working interest
     in the  Marshall Young No. 2-4  well at the time  the lawsuit was
     filed.    The  lawsuit  also   alleges  claims  based  on  unjust
     enrichment,  breach   of  contract,  and   breach  of   fiduciary
     obligations  and seeks  an  accounting and  declaration that  the
     plaintiffs are third party  beneficiaries under the gas contract.
     The plaintiffs have  not quantified the amount  of their damages,
     but  they are  seeking exemplary  damages, unpaid  royalties, and
     interest.   Dyco has filed its  answer in the matter  in which it
     denied  all of the  plaintiffs' allegations.   The district court
     certified  the matter as a  class action on  January 21, 1994 and
     discovery is proceeding in the  matter. On November 29, 1994, the
     plaintiffs  filed a motion  for summary  judgment in  the matter.
     Oral arguments were heard on the motion in January 1995, however,
     as  of the date of these financial statements, the district court
     has not ruled on  the motion.  Dyco intends to  vigorously defend
     the  lawsuit.  On September  10, 1996 the  Oklahoma Supreme Court
     ruled in a separate  lawsuit that owners of royalty  interests in
     Oklahoma oil and gas properties do not have the right to share in
     the  proceeds of take-or-pay settlements.  Such ruling is not yet
     final.   As of the date of these financial statements, management
     cannot determine the amount of any alleged damages which would be
     allocable  to  the  Program  from  this  lawsuit;  however  it is
     reasonably  possible  that  events  could change  in  the  future
     resulting in a material liability to the Program.

     On October 26, 1993, certain royalty owners filed a  class action
     lawsuit against Dyco in  which the plaintiffs alleged entitlement
     to a share of the proceeds of a take-or-pay settlement with a gas
     purchaser  which involved  the Kinney  Warren No.  3-10 well  and
     Fender  No.  4-10 well  (Gene Mikles,  et  al. v.  Dyco Petroleum
     Corporation, et al., District Court of Beckham County, Oklahoma).
     The Program had an  approximate 6.8% working interest in  each of
     these wells  at the time the lawsuit was filed.  The lawsuit also
     alleges claims  based on  unjust enrichment, breach  of contract,
     and  breach of fiduciary obligations and  seeks an accounting and
     declaration that  the  plaintiffs are  third party  beneficiaries
     under the gas contract.   The plaintiffs have not  quantified the
     amount of their damages, but  they are seeking exemplary damages,
     unpaid royalties, and interest.  Dyco has filed its answer in the
     matter  in which  it denied all  of the  plaintiffs' allegations.
     The  district court  certified the  matter as  a class  action on
     January 18, 1994  and discovery is proceeding in the  matter.  On
     November  29,  1994, the  plaintiffs filed  a motion  for summary
     judgment in the matter.  Oral arguments were heard on  the motion
     in  January  1995, however,  as of  the  date of  these financial
     statements, the district court has not ruled on the motion.  Dyco
     intends  to vigorously defend the lawsuit.  On September 10, 1996
     the Oklahoma  Supreme  Court ruled  in  a separate  lawsuit  that
     owners of royalty interests in Oklahoma oil and gas properties do


                                 -11-
<PAGE>
<PAGE>
     not  have the  right  to share  in  the proceeds  of  take-or-pay
     settlements.   Such ruling is  not yet final.   As of the date of
     these  financial  statements,  management  cannot  determine  the
     amount of any  alleged damages  which would be  allocable to  the
     Program from this lawsuit; however it is reasonably possible that
     events  could  change  in  the  future  resulting in  a  material
     liability to the Program.

     On December 18, 1992,  a royalty owner filed a quiet title action
     alleging  that the operator of certain wells in which the Program
     has  an interest failed to exercise due diligence in locating the
     owner  while in  the process  of force  pooling the  drilling and
     spacing unit  (Merle McCollum, as Personal  Representative of the
     Estate of Jack McCollum, Deceased  v. Apache Corporation, et al.,
     District  Court  of  Beckham  County, Oklahoma).    The  wells in
     question in which the Program owns a working interest include the
     Kinney-Warren  No. 3-10 and Fender No.  4-10.  The Program had an
     approximate  6.8% working interest in these wells at the time the
     lawsuit  was  filed.    Plaintiff  claimed a  right  to  revenues
     attributable to production from said wells in an amount in excess
     of $500,000 and further alleged conversion and claimed a right to
     "interest"  on the proceeds from  production on the well pursuant
     to 52 O.S. Section 540.  The defendants filed a  counterclaim for
     quiet title and asserted  various defenses.  A trial  was held in
     the matter on  March 3 and  4, 1994 in  which the district  court
     ruled  against all  defendants  and specifically  found that  the
     operator, Apache  Corporation, did not exercise  due diligence in
     the  pooling proceedings.  Judgement was entered on June 15, 1994
     in the amount of $550,000 plus interest.  The defendants appealed
     the district court's verdict  and on March 12, 1996  the Oklahoma
     Court  of  Appeals reversed  the  district court's  verdict.   On
     September  23,  1996 the  plaintiffs  entered  into a  settlement
     agreement  releasing  the  defendants from  all  remaining claims
     under this lawsuit.

ITEM 5. OTHER INFORMATION

     On October  1, 1996, Drew  Phillips resigned  as Chief  Financial
     Officer  of  Dyco.    Mr.  Phillips  continues  to  serve  as  an
     accounting officer of affiliates of Dyco.

     On October 1, 1996,  Patrick M. Hall was elected  Chief Financial
     Officer   of  Dyco.     Mr.  Hall   joined  affiliates   of  Dyco
     (collectively, the "Samson Companies") in 1983.  Prior to joining
     the Samson Companies he was a senior accountant with Peat Marwick
     Main & Co. in  Tulsa.  He holds  a Bachelor of Science degree  in
     accounting  from Oklahoma  State  University and  is a  Certified
     Public  Accountant.   Mr. Hall  is also  Senior Vice  President -
     Controller of Samson Investment Company.

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, 1996 and
                    for  the  nine months  ended  September 30,  1996,
                    filed herewith.

                                 -12-
<PAGE>
<PAGE>
                    All other exhibits are omitted as inapplicable.

     (b)  Reports on Form 8-K

          Current Report  on Form  8-K filed  during third  quarter of
          1996:

          Date of event:           July 1, 1996
          Date filed with SEC:     July 8, 1996
          Item Included:
               Item 5 - Other Events

                                -13-
<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:  October 31, 1996       By:        /s/Dennis R. Neill
                                 -------------------------------  
(Signature)
                                        Dennis R. Neill
                                        President



Date:  October 31, 1996       By:        /s/Patrick M. Hall
                                 -------------------------------
                                        (Signature)
                                        Patrick M. Hall
                                        Chief Financial Officer


                                 -14-
<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, 1996 and for the  nine months ended September
          30, 1996, filed herewith.

          All other exhibits are omitted as inapplicable.


                                 -16-
<PAGE>