UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549

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# FORM 10-Q

|(Mark One) |                                                                                          | 
|---------- | ---------------------------------------------------------------------------------------- | 
||X|        | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934   | 
|           |                                                                                          | 
|           | FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2008                                        | 
|           |                                                                                          | 
|           | OR                                                                                       | 
|           |                                                                                          | 
||_|        | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 | 
|           |                                                                                          | 
|           | For the transition period from _______________ to _______________                        | 
|           |                                                                                          | 
|           | Commission File number: 811-0969                                                         | 

|FCCC, INC.                                                       
|-----------------------------------------------------------------
|                                                                 
|(Exact name of small business issuer as specified in its charter)
|                                                                 
|Connecticut                                                      
|                                                                 
|(State or other jurisdictionof incorporation or organization)    

| | 200 Connecticut Avenue, Norwalk, Connecticut 06854 | 
| | -------------------------------------------------- | 
| |                                                    | 
| | (Address of principal executive offices)           | 

| | (203) 855-7700              | 
| | --------------------------- | 
| |                             | 
| | (Issuer's telephone number) | 

| | n/a                                                                                                                              | 
| | -------------------------------------------------------------------------------------------------------------------------------- | 
| |                                                                                                                                  | 
| | (Former name, former address and former fiscal year, if
                                              changed since last report) | 

Indicate by check whether the registrant (1) 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 |_|

|Larger accelerated filer   |_| | Accelerated filer   |_| | Non-accelerated filer   |_| | Smaller reporting company   |X|
|------------------------------ | ----------------------- | --------------------------- | -------------------------------

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act.Yes |X|   No |_|

The number of shares outstanding of the issuer's Common Stock, as of October 31,
2008, was: 1,561,022

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# FCCC, INC.

# FORM 10-Q

# INDEX

|        |  |                                                           | Page 
|------- |  | --------------------------------------------------------- | -----
|        |  |                                                           |      
|ITEM 1. |  | FINANCIAL STATEMENTS                                      |      
|        |  | Balance Sheets                                            | 1    
|        |  | Statements of Operations                                  | 2 - 3
|        |  | Statements of Changes in Stockholders' Equity             | 4    
|        |  | Statements of Cash Flows                                  | 5    
|        |  | Notes to Condensed Financial Statements                   | 6    
|        |  |                                                           |      
|ITEM 2. |  | MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION | 7    
|        |  |                                                           |      
|ITEM 3. |  | CONTROLS AND PROCEDURES                                   | 8    
|        |  |                                                           |      
|        |  | SIGNATURES                                                | 9    
|        |  |                                                           |      
|        |  | EXHIBIT INDEX                                             | 10   
|        |  |                                                           |      
|        |  | EXHIBITS                                                  |      

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## ITEM 1.    FINANCIAL STATEMENTS.

# FCCC, INC.BALANCE SHEETS(Dollars in thousands, except share data)

|                                                                                                                                                                                                                                               |               |         |           |   |        
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------- | ------- | --------- | - | -------
|                                                                                                                                                                                                                                               | September 30, |         | March 31,
|                                                                                                                                                                                                                                               | 2008          |         | 2008     
|                                                                                                                                                                                                                                               | (Unaudited)   |         | (Audited)
|                                                                                                                                                                                                                                               |               |         |          
|ASSETS                                                                                                                                                                                                                                         |               |         |           |   |        
|Current assets:                                                                                                                                                                                                                                |               |         |           |   |        
|Cash and cash equivalents                                                                                                                                                                                                                      | $             | 1,591   |           | $ | 1,622  
|Accrued interest receivable                                                                                                                                                                                                                    |               | 2       |           |   |       
|                                                                                                                                                                                                                                               |               |         |          
|Total current assets                                                                                                                                                                                                                           |               | 1,593   |           |   | 1,622  
|                                                                                                                                                                                                                                               |               |         |           |   |        
|Other assets                                                                                                                                                                                                                                   |               | 1       |           |   | 1      
|                                                                                                                                                                                                                                               |               |         |          
|TOTAL ASSETS                                                                                                                                                                                                                                   | $             | 1,594   |           | $ | 1,623  
|                                                                                                                                                                                                                                               |               |         |          
|                                                                                                                                                                                                                                               |               |         |           |   |        
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                           |               |         |           |   |        
|Current liabilities:                                                                                                                                                                                                                           |               |         |           |   |        
|Accounts payable and other accrued expenses                                                                                                                                                                                                    |               | 9       |           |   | 11     
|                                                                                                                                                                                                                                               |               |         |          
|Total current liabilities                                                                                                                                                                                                                      |               | 9       |           |   | 11     
|                                                                                                                                                                                                                                               |               |         |           |   |        
|Commitments and contingencies                                                                                                                                                                                                                  |               |        |           |   |       
|                                                                                                                                                                                                                                               |               |         |          
|TOTAL LIABILITIES                                                                                                                                                                                                                              | $             | 9       |           | $ | 11     
|                                                                                                                                                                                                                                               |               |         |           |   |        
|Stockholders' equity:                                                                                                                                                                                                                          |               |         |           |   |        
|Common stock, no par value, stated value $.50 per share,
                
authorized 22,000,000 shares, issued and outstanding
                
1,561,022 shares at September 30, 2008 and
                
1,451,382 shares at March 31, 2008 |               | 781     |           |   | 726    
|Additional paid-in capital                                                                                                                                                                                                                     |               | 9,284   |           |   | 9,339  
|Accumulated deficit                                                                                                                                                                                                                            |               | (8,480) |           |   | (8,453)
|                                                                                                                                                                                                                                               |               |         |          
|Total stockholders' equity                                                                                                                                                                                                                     |               | 1,585   |           |   | 1,612  
|                                                                                                                                                                                                                                               |               |         |           |   |        
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                     | $             | 1,594   |           | $ | 1,623  
|                                                                                                                                                                                                                                               |               |         |          

See notes to financial statements.

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FCCC, INC.
STATEMENTS OF OPERATIONS(Unaudited)(Dollars in thousands, except share data)

|                                            | Three Months Ended September 30,
|------------------------------------------- | --------------------------------
|                                            |                                 
|                                            | 2008                            
|                                            |                                 
|Income:                                     |                                 
|Interest income                             | $                               
|                                            |                                 
|Total income                                |                                 
|                                            |                                 
|Expense:                                    |                                 
|Operating and administrative expenses       |                                 
|Legal expenses                              |                                 
|                                            |                                 
|Total expense                               |                                 
|                                            |                                 
|(Loss) income before income taxes           |                                 
|Income tax expense                          |                                 
|                                            |                                 
|                                            |                                 
|NET (LOSS)                                  | $                               
|                                            |                                 
|                                            |                                 
|Basic and diluted loss per share:           | $                               
|                                            |                                 
|                                            |                                 
|Weighted average common shares outstanding: |                                 
|Basic and diluted                           |                                 

See notes to financial statements.

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FCCC, INC.
STATEMENTS OF OPERATIONS(Unaudited)(Dollars in thousands, except share data)

|                                            | Six Months Ended September 30,
|------------------------------------------- | ------------------------------
|                                            |                               
|                                            | 2008                          
|                                            |                               
|Income:                                     |                               
|Interest income                             | $                             
|                                            |                               
|Total income                                |                               
|                                            |                               
|Expense:                                    |                               
|Operating and administrative expenses       |                               
|Legal expenses                              |                               
|                                            |                               
|Total expense                               |                               
|                                            |                               
|(Loss) income before income taxes           |                               
|Income tax expense                          |                               
|                                            |                               
|                                            |                               
|NET (LOSS)                                  | $                             
|                                            |                               
|                                            |                               
|Basic and diluted per share:                | $                             
|                                            |                               
|                                            |                               
|Weighted average common shares outstanding: |                               
|Basic and diluted                           |                               

See notes to financial statements.

---



FCCC, INC.
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the six months ended September 30, 2008
(Dollars in thousands, except share data)

|                                                                 |  | Common Stock |   | Paid-in |   | Accumulated |   | Total  
|---------------------------------------------------------------- |  | ------------ | - | ------- | - | ----------- | - | -------
|                                                                 |  | Shares       |   | Amount  |   | Capital     |   | Deficit
|                                                                 |  |              |   |         |   |             |   |        
|Balance, March 31, 2007                                          |  | 1,423,382    | $ | 712     | $ | 9,330       | $ | (8,416)
|                                                                 |  |              |   |         |   |             |   |        
|Net loss - Year ended March 31, 2007
(audited)                   |  |             |   |        |   |            |   | (25)   
|                                                                 |  |              |   |         |   |             |   |        
|Balance, March 31, 2007                                          |  | 1,423,382    | $ | 712     | $ | 9,330       | $ | (8,441)
|                                                                 |  |              |   |         |   |             |   |        
|Net loss - Year ended March 31,  2008
(audited)                  |  |             |   |        |   |            |   | (12)   
|                                                                 |  |              |   |         |   |             |   |        
|Exercise of Stock Options -September
2007                        |  | 28,000       |   | 14      |   | 9           |   |       
|                                                                 |  |              |   |         |   |             |   |        
|Balance,  March 31, 2008                                         |  | 1,451,382    | $ | 726     | $ | 9,339       | $ | (8,453)
|                                                                 |  |              |   |         |   |             |   |        
|Net loss for the six months ended
September 30, 2008 (unaudited) |  |              |   |         |   |             |   | (27)   
|                                                                 |  |              |   |         |   |             |   |        
|Exercise of Warrants
 April - May 2008                           |  | 109,640      |   | 55      |   | (55)        |   |       
|                                                                 |  |              |   |         |   |             |   |        
|Balance, September 30, 2008                                      |  | 1,561,022    | $ | 781     | $ | 9,284       | $ | (8,480)
|                                                                 |  |              |   |         |   |             |   |        

See notes to financial statements.

---



# FCCC, INCSTATEMENTS OF CASH FLOWS(Dollars in thousands)(unaudited)

|                                                                            |                                |       |      |   |      
|--------------------------------------------------------------------------- | ------------------------------ | ----- | ---- | - | -----
|                                                                            | Six Months Ended September 30,
|                                                                            |                               
|                                                                            | 2008                           |       | 2007
|                                                                            |                                |       |     
|Cash Flows from Operating Activities:                                       |                                |       |      |   |      
|Net (loss)                                                                  | $                              | (27)  |      | $ | (4)  
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Adjustments to reconcile net loss to cash provided by operating activities: |                                |       |      |   |      
|Changes in assets and liabilities:                                          |                                |       |      |   |      
|Accrued interest receivable                                                 |                                | (2)   |      |   | 1    
|Accounts payable and accrued expenses                                       |                                | (2)   |      |   | (1)  
|                                                                            |                                |       |     
|Net cash (used in) operating activities                                     |                                | (31)  |      |   | (4)  
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Cash Flows From Investing Activities:                                       |                                |      |      |   |     
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Cash Flows From Financing Activities:                                       |                                |       |      |   |      
|Proceeds from exercises of stock options                                    |                                |      |      |   | 23   
|                                                                            |                                |       |     
|Net cash provided by financing activities                                   |                                |      |      |   | 23   
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Net (decrease) increase in cash and cash equivalents                        |                                | (31)  |      |   | 19   
|Cash and cash equivalents, beginning of period                              |                                | 1,622 |      |   | 1,605
|                                                                            |                                |       |     
|Cash and cash equivalents, end of period                                    | $                              | 1,591 |      | $ | 1,624
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Supplemental cash flow disclosures:                                         |                                |       |      |   |      
|Cash payments of interest                                                   | $                              |      |      | $ |     
|Cash payments of income taxes                                               | $                              | 2     |      | $ | 6    

See notes to financial statements.

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# FCCC, INC.

# NOTES TO CONDENSED
FINANCIAL STATEMENTS

# NOTE A  BASIS OF PRESENTATION

The accompanying condensed financial
statements of FCCC, Inc. (the Company), formerly known as The First
Connecticut Capital Corporation, have been prepared in accordance with accounting
principles generally accepted in the United States of America (GAAP) for
interim financial information and with the instructions to Form 10-Q and Article 10-01 of
Regulation S-X, promulgated by the Securities and Exchange Commission. Accordingly, they
do not include all of the information and notes required by GAAP for complete financial
statements.

In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a fair
representation have been included herein. Operating results are not necessarily indicative
of the results which may be expected for the year ending March 31, 2009 or other future
periods. For further information, refer to the financial statements and notes thereto
included in the Companys Annual Report on Form 10-KSB for the fiscal year ended
March 31, 2008.

# NOTE B  RELATED
PARTY TRANSACTIONS

The Company had two executive
officers, one of whom has a consulting arrangement with the Company. Specifically, on July
1, 2003, the Company and Mr. Bernard Zimmerman, currently the President, Chief Executive
Officer and Principal Financial Officer of the Company, entered into a Consulting
Agreement (the Zimmerman Consulting Agreement) which provided for monthly
payments of $2,000 to Mr. Zimmerman or his affiliate plus reasonable and necessary
out-of-pocket expenses. Upon the expiration of the Zimmerman Consulting Agreement on July
1, 2006, the Board of Directors authorized the extension of the Zimmerman Consulting
Agreement, on a month-to-month basis. Mr. Martin Cohen, currently a director of the
Company, had a similar consulting agreement. Effective March 31, 2007, the Consulting
Agreement by and between the Company and Mr. Cohen, entered into on July 1, 2003 (the
Cohen Consulting Agreement), which provided for monthly payments of $2,000 to
Mr. Cohen plus reasonable and necessary out-of-pocket expenses was terminated. Management
of the Company expects to use consultants, attorneys and accountants as necessary, and it
is not expected that FCCC will have any full-time or other employees, except as may be the
result of completing a transaction.

During the six months ended September
30, 2008, the Company paid its four outside directors a total of $3,600 in connection with
board and audit committee attendance for the six months ended September 30, 2008.

# NOTE C  EXERCISE
OF WARRANTS

In April 2008 and May 2008,
respectively, all outstanding Warrants (200,000) were exercised through the cashless
exercise provisions of the Warrants resulting in 53,500 and 56,140 common shares being
issued to Bernard Zimmerman, President and Martin Cohen, a Director of the Company
respectively or their affiliates.

# NOTE D  NEW
PRONOUNCEMENTS AND SHARE BASED AWARDS

In February 2007, the FASB issued
SFAS No. 159, The Fair Value Option for Financial Assets and Financial
Liabilities including an amendment of FASB Statement No. 115 (SFAS 159), which
permits entities to choose to measure many financial instruments and certain items at fair
value. Unrealized gains and losses on items for which this option has been elected are
reported in earnings. The provisions of SFAS No. 159 are effective for fiscal years
beginning after November 15, 2007. The Company is currently assessing the impact of SFAS
159 on its financial statements.

In December 2007, the FASB issued
SFAS No. 141(R), Business Combinations, which replaces SFAS No. 141, which,
among other things, establishes principles and requirements for how an acquirer entity
recognizes and measures in its financial statements the identifiable assets acquired, the
liabilities assumed (including intangibles) and any non-controlling interests in the
acquired entity. SFAS No. 141(R) applies prospectively to business combinations for which
the acquisition date is on or after the beginning of the first annual reporting period
beginning on or after December 15, 2008. The Company is currently evaluating what impact
the adoption of SFAS No. 141(R) will have on the financial statements.

---



In July 2002, the Public Company
Accounting Reform and Investor Protection Act of 2002 (the Sarbanes-Oxley Act) was
enacted. Section 404 stipulates that public companies must take responsibility for
maintaining an effective system of internal control. Section 404(a) of the Act requires
public companies to report on the effectiveness of their control over financial reporting
and Section 404(b) requires public companies to obtain an attest report from their
independent registered public accountant about managements report. The Company is
not required to comply with section 404(a) of the Act until the fiscal year ending March
31, 2010.

The Company has implemented all new
accounting pronouncements that are in effect and that may impact its financial statements
and does not believe that there are any other new accounting pronouncements that have been
issued that might have a material impact on its financial position or results of
operations.

# ITEM
2.  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT
OF OPERATIONS.

# FORWARD-LOOKING
STATEMENTS

This quarterly report and other
reports issued by the Company, including reports filed with the Securities and Exchange
Commission, may contain forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, that deal with future results, plans or
performances. In addition, the Companys management may make such statements orally,
to the media, or to securities analysts, investors or others. Accordingly, forward-looking
statements deal with matters that do not relate strictly to historical facts. The
Companys future results may differ materially from historical performance and
forward-looking statements about the Companys expected financial results or other
plans are subject to a number of risks and uncertainties. This section and other sections
of this quarterly report may include factors that could materially and adversely impact
the Companys financial condition and results of operations. Given these risks and
uncertainties, investors should not place undue reliance on forward-looking statements as
a prediction of actual results. The Company undertakes no obligation to revise or update
any forward-looking statements after the date hereof.

# ANALYSIS OF FINANCIAL
CONDITION AND RESULT OF OPERATIONS

The Company has limited operations
and has been actively seeking merger, acquisition and business combination opportunities
with an operating business or other financial transaction opportunities. Until a
transaction is effectuated, the Company does not expect to have significant operations.
Accordingly, during such period, the Company does not expect to achieve sufficient income
to offset its operating expenses, which may result in operating losses that may require
the Company to use and thereby reduce its cash balance.

During the quarter ended September
30, 2008, the Company had a net loss of $(16,000). The loss is attributable to the
operational and administrative expenses incurred during the quarter and taxes paid less
interest income earned. During the quarter ended September 30, 2007, a net loss was
$(2,000). The net increase in the loss in the current quarter is primarily due to a
decrease in interest income received due to lower rates on invested funds and a small
increase in operating expenses.

During the six months ended September
30, 2008, the Company had a net loss of $(27,000), compared to a net loss of $4,000 in the
six months ended September 30, 2007. The loss is attributable to the operational and
administrative expenses incurred during the quarter, less interest income earned. The
Company paid income taxes of $2,000 in the six months ended September 30, 2008, and $5,000
in the six months ended September 30, 2007. The increase in the loss in the current six
months is primarily due to a decrease in interest income received due to lower interest
rates on invested funds and an increase in administrative and other corporate expenses.

Stockholders equity as of
September 30, 2008 is $1,585,000 as compared to $ 1,612,000 at March 31, 2008. The
decrease is attributable to the net loss incurred by the Company during the six months
then ended.

---



The Company had cash on hand at
September 30, 2008 of $1,591,000 as compared to $1,622,000 and $1,624,000 at March 31,
2008 and September 30, 2007, respectively. The decrease in cash on hand is due to losses
sustained by the Company in those respective periods.

The Company does not have any
arrangements with banks or financial institutions with respect to the availability of
financing in the future.

The payment of any cash dividends is
subject to the discretion of the Companys Board of Directors, and the Company has no
plans to pay any cash dividends in the foreseeable future.

# PLAN OF OPERATION

As noted above, the Company has
limited operations. The Company plans to continue as a public entity and continues to seek
merger, acquisition and business combination opportunities with other operating businesses
or other appropriate financial transactions. Until such an acquisition or business
combination is effectuated, the Company does not expect to have significant operations.
Accordingly, during such period, the Company may not achieve sufficient income to offset
its operating expenses, which could create operating losses that may require the Company
to use and thereby reduce its cash on hand.

# ITEM
3.  CONTROLS AND PROCEDURES.

The Company maintains controls and
procedures designed to ensure that information required to be disclosed in the reports
that the Company files or submits under the Securities Exchange Act of 1934 is recorded,
processed, summarized and reported within the time periods specified in the rules and
forms of the Securities and Exchange Commission. Based upon their evaluation of those
controls and procedures performed within 90 days of the filing date of this report, the
Chief Executive and principal financial officers of the Company concluded that the
Companys disclosure controls and procedures were adequate.

The Company has made no significant
changes in its internal controls or in other factors that could significantly affect these
controls subsequent to the date of the evaluation of those controls by the Chief Executive
and principal financial officers.

---



# 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 duly authorized.

|                            |  | FCCC, INC.
|--------------------------- |  | ----------
|                            |  |           
|                            |  | By:       
|                            |  |           
|                            |  |           
|                            |  |           
|Dated:     November 7, 2008 |  |           

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# EXHIBIT INDEX

| | Exhibit No. |  | Description                                             
| | ----------- |  | --------------------------------------------------------
| |             |  |                                                         
| | 31.1        |  | Section 302 Certification of Chief Executive Officer    
| | 32.1        |  | Section 906 Certification of Principal Financial Officer

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