<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
        June 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
                                         June 30,    December 31,
                                           1997         1996
                                        ----------   ------------

CURRENT ASSETS:
  Cash and cash equivalents               $ 94,076      $110,217
  Accrued oil and gas sales                 71,388       136,951
                                          --------      --------
     Total current assets                 $165,464      $247,168

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                     349,976       392,256

DEFERRED CHARGE                             70,942        70,942
                                          --------      --------
                                          $586,382      $710,366
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $  6,606      $  6,130
                                          --------      --------
     Total current liabilities            $  6,606      $  6,130

ACCRUED LIABILITY                           35,472        35,472

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 55 units                     5,443         6,688
  Limited Partners, issued and
   outstanding, 5,500 units                538,861       662,076
                                          --------      --------
     Total Partners' capital              $544,304      $668,764
                                          --------      --------
                                          $586,382      $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 JUNE 30, 1997 AND 1996
                              (Unaudited)


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

REVENUES:
  Oil and gas sales                     $113,924      $116,235
  Interest                                 1,699         1,553
                                        --------      --------
                                        $115,623      $117,788

COST AND EXPENSES:
  Oil and gas production                $ 33,862      $ 21,041
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             13,751        26,559
  General and administrative (Note 2)     18,281        19,812
                                        --------      --------
                                        $ 65,894      $ 67,412
                                        --------      --------

NET INCOME                              $ 49,729      $ 50,376 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $    497      $    504 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $ 49,232      $ 49,872 
                                        ========      ========
NET INCOME PER UNIT                     $   8.95      $   9.07 
                                        ========      ========
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 SIX MONTHS ENDED JUNE 30, 1997 AND 1996
                              (Unaudited)


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

REVENUES:
  Oil and gas sales                     $239,741      $233,014
  Interest                                 2,972         3,997
                                        --------      --------
                                        $242,713      $237,011

COST AND EXPENSES:
  Oil and gas production                $ 59,520      $ 56,665
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             40,930        53,001
  General and administrative (Note 2)     44,523        42,441
                                        --------      --------
                                        $144,973      $152,107
                                        --------      --------

NET INCOME                              $ 97,740      $ 84,904 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $    977      $    849 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $ 96,763      $ 84,055 
                                        ========      ========
NET INCOME PER UNIT                     $  17.59      $  15.28 
                                        ========      ========
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 SIX MONTHS ENDED JUNE 30, 1997 AND 1996
                              (Unaudited)

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

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                             $ 97,740     $ 84,904 
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                            40,930       53,001
   Decrease (increase) in accrued oil 
     and gas sales                         65,563    (   1,304)
   Increase in accounts payable               476       11,113 
                                         --------     -------- 
   Net cash provided by operating
     activities                          $204,709     $147,714
                                         --------     --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds from the sale of oil and
    gas properties                       $  1,350     $    -  
  Additions to oil and gas properties         -      (   3,524)
                                         --------     --------
   Net cash provided (used) by 
     investing activities                $  1,350    ($  3,524)
                                         --------     --------

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

NET DECREASE IN CASH AND CASH
  EQUIVALENTS                           ($ 16,141)   ($133,560)

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                     110,217      233,440 
                                         --------     --------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                          $ 94,076     $ 99,880
                                         ========     ========

                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
                             JUNE 30, 1997
                              (Unaudited)


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

     The balance sheet as  of June 30, 1997, statements  of operations
     for the  three and six months  ended June 30, 1997  and 1996, and
     statements of  cash flows for the six  months ended June 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 June 30,  1997, results of  operations for
     the three and six months ended June 30, 1997 and 1996 and changes
     in cash  flows for the  six months ended  June 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 June 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  June 30, 1997 and  1996 such expenses  totaled $18,281 and
     $19,812 respectively, of which $15,654 was paid quarterly to Dyco
     and  its affiliates.   During the six months  ended June 30, 1997
     and 1996 such expenses  totaled $44,523 and $42,441 respectively,
     of which $31,308 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
---------------------

                                  -8-
<PAGE>
<PAGE>
     GENERAL DISCUSSION

     The following  general discussion  should be read  in conjunction
     with the analysis of  results of operations provided below.   The
     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 JUNE 30, 1997 AS COMPARED TO  THE THREE MONTHS
     ENDED JUNE 30, 1996.

                                      Three months ended June 30,
                                      ---------------------------
                                          1997            1996
                                        --------        --------
      Oil and gas sales                 $113,924        $116,235
      Oil and gas production expenses   $ 33,862        $ 21,041
      Barrels produced                       317             450
      Mcf produced                        50,780          48,460
      Average price/Bbl                 $  20.50        $  19.07
      Average price/Mcf                 $   2.12        $   2.22
 
     As shown in  the table  above, total oil  and gas sales  remained
     relatively constant for the  three months ended June 30,  1997 as
     compared  to the three  months ended  June 30,  1996.   While the
     average  price  of oil  sold and  volumes  of gas  sold increased
     during  the three months ended  June 30, 1997  as compared to the
     three months ended June  30, 1996, any resulting increase  in oil
     and gas sales was offset by a decrease in the volumes of oil sold
     and a decrease  in the average price of gas  sold. Volumes of oil
     sold decreased 133  barrels, while volumes of gas  sold increased
     2,320 Mcf for the three months ended June 30, 1997 as compared to
     the three months ended June 30, 1996.  The decrease in volumes of
     oil sold  resulted primarily  from normal declines  in production
     due to diminished oil reserves on  two wells.  Average oil prices
     increased  to $20.50 per barrel  for the three  months ended June
     30, 1997  from $19.07 per barrel for  the three months ended June
     30, 1996.  Average gas prices decreased to $2.12 per  Mcf for the
     three months ended June 30, 1997 from $2.22 per Mcf for the three
     months ended June 30, 1996.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and production taxes)  increased $12,821 (60.9%) for the
     three months  ended June 30, 1997 as compared to the three months
     ended  June 30,  1996.   This  increase  resulted primarily  from
     workover expenses  incurred on one  well during the  three months
     ended June 30, 1997 in order to improve the recovery of reserves.
     As a percentage of oil and gas sales, these expenses increased to
     29.7% for the three months ended June 30, 1997 from 18.1% for the
     three months ended June  30, 1996.  This percentage  increase was
     primarily  due  to the  dollar  increase  in production  expenses
     discussed above.


                                  -9-
<PAGE>
<PAGE>
     Depreciation,  depletion,   and  amortization  of   oil  and  gas
     properties decreased  $12,808 (48.2%) for the  three months ended
     June  30, 1997  as compared  to the  three months ended  June 30,
     1996.  This  decrease resulted primarily from 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
     12.1% for the three months ended June 30, 1997 from 22.8% for the
     three months ended June  30, 1996.  This percentage  decrease was
     primarily due to the  dollar decrease in depreciation, depletion,
     and amortization discussed above.  

     General and administrative expenses  decreased $1,531 (7.7%)  for
     the three  months ended June  30, 1997 as  compared to the  three
     months ended  June 30,  1996.   This decrease  resulted primarily
     from a  decrease  in professional  fees during  the three  months
     ended June 30,  1997 as compared to  the three months ended  June
     30, 1996.   As a percentage of oil and  gas sales, these expenses
     remained relatively constant at 16.0%  for the three months ended
     June  30, 1997  as compared to  17.0% for the  three months ended
     June 30, 1996.  

     SIX MONTHS  ENDED JUNE  30, 1997  AS COMPARED TO  THE SIX  MONTHS
     ENDED JUNE 30, 1996.

                                       Six months ended June 30,
                                       -------------------------
                                          1997            1996
                                        --------        --------
      Oil and gas sales                 $239,741        $233,014
      Oil and gas production expenses   $ 59,520        $ 56,665
      Barrels produced                       710             952 
      Mcf produced                        90,695         103,014
      Average price/Bbl                 $  21.43        $  18.87
      Average price/Mcf                 $   2.48        $   2.09

     As  shown in the  table above, total oil  and gas sales increased
     $6,727 (2.9%) for the six months ended June 30, 1997  as compared
     to the  six  months  ended June  30,  1996.   Of  this  increase,
     approximately $2,000 and $35,000,  respectively, were related  to
     increases  in the average prices  of oil and  gas sold, partially
     offset  by   decreases  of  approximately  $5,000   and  $26,000,
     respectively,  related to  decreases in  volumes of  oil and  gas
     sold.  Volumes  of oil  and gas  sold  decreased 242  barrels and
     12,319  Mcf, respectively, for the six months ended June 30, 1997
     as  compared to the six months ended  June 30, 1996. The decrease
     in  volumes  of  oil  sold resulted  primarily  from  (i)  normal
     declines  in  production due  to diminished  oil reserves  on two
     wells and (ii)  a positive  prior period adjustment  made by  the
     purchaser  on one well during the six months ended June 30, 1996.
     The decrease in the  volumes of gas sold resulted  primarily from
     normal declines in  production due to diminished  gas reserves on
     two wells.   Average oil and gas  prices increased to $21.43  per
     barrel  and $2.48 per Mcf, respectively, for the six months ended

                                 -10-
<PAGE>
<PAGE>
     June  30,  1997  from  $18.87  per  barrel  and  $2.09  per  Mcf,
     respectively, for the six months ended June 30, 1996.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and  production taxes)  increased $2,855 (5.0%)  for the
     six months  ended June 30,  1997 as  compared to  the six  months
     ended  June  30, 1996.    This increase  resulted  primarily from
     workover expenses  incurred on  one well  during  the six  months
     ended June 30, 1997 in order to improve the recovery of reserves,
     partially  offset by  decreases in  volumes of  oil and  gas sold
     during the six months ended June  30, 1997 as compared to the six
     months  ended June  30, 1996.   As  a percentage  of oil  and gas
     sales, these  expenses remained relatively constant  at 24.8% for
     the six months  ended June 30, 1997 as compared  to 24.3% for the
     six months ended June 30, 1996.  

     Depreciation,  depletion,  and   amortization  of  oil   and  gas
     properties  decreased $12,071  (22.8%) for  the six  months ended
     June 30, 1997 as compared to the six months ended  June 30, 1996.
     This decrease resulted primarily from (i) decreases in volumes of
     oil  and gas sold  during the six  months ended June  30, 1997 as
     compared  to the six  months ended June 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 17.1%  for the six months  ended June 30,  1997 from
     22.7% for  the six months ended  June 30, 1996.   This percentage
     decrease was primarily due to the increases in the average prices
     of oil and gas sold  during the six months ended June 30, 1997 as
     compared to the six months ended June 30, 1996.

     General  and administrative expenses remained relatively constant
     for the  six months ended  June 30, 1997  as compared to  the six
     months  ended June  30, 1996.   As  a percentage  of oil  and gas
     sales, these  expenses remained relatively constant  at 18.6% for
     the six months  ended June 30, 1997 and 18.2%  for the six months
     ended June 30, 1996.  

                                 -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 June 30,  1997 and for
                    the  six  months   ended  June  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:  August 5, 1997        By:        /s/Dennis R. Neill
                                 -------------------------------
                                        (Signature)
                                        Dennis R. Neill
                                        President



Date:  August 5, 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 June
          30, 1997 and for the  six months ended June 30, 1997,  filed
          herewith.

          All other exhibits are omitted as inapplicable.
<PAGE>