UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549

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# FORM 10-QSB

|(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, 2007                                        | 
|           |                                                                                          | 
|           | 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) | 

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 |_|

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 25, 2007, was: 1,451,382

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# FCCC, INC.

# FORM 10-QSB

# INDEX

|        |  |                                                                                                                  | Page
|------- |  | ---------------------------------------------------------------------------------------------------------------- | ----
|        |  |                                                                                                                  |     
|ITEM 1. |  | FINANCIAL STATEMENTS                                                                                             | 1-5 
|        |  | Balance Sheets - September 30, 2007 (unaudited) and March 31, 2007 (audited)                                     | 1   
|        |  | Statements of Operations for the three months ending September 30, 2007 (unaudited)                              | 2   
|        |  | Statements of Operations for the six months ending September 30, 2007 (unaudited)                                | 3   
|        |  | Statements of Changes in Stockholders' Equity for the six months ended September 30, 2007
           (unaudited) | 4   
|        |  | Statements of Cash Flows for the six months ended September 30, 2007 (unaudited)                                 | 5   
|        |  | Notes to Condensed Financial Statements - September 30, 2007                                                     | 6-7 
|        |  |                                                                                                                  |     
|ITEM 2. |  | MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION                                                        | 7   
|        |  |                                                                                                                  |     
|ITEM 3. |  | CONTROLS AND PROCEDURES                                                                                          | 8   
|        |  |                                                                                                                  |     
|        |  | SIGNATURES                                                                                                       | 9   
|        |  |                                                                                                                  |     
|        |  | EXHIBIT INDEX                                                                                                    | 10  

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## ITEM 1.    FINANCIAL STATEMENTS.

# FCCC, INC.BALANCE SHEETSAs of September 30, 2007 and March 31, 2007
(Dollars in thousands, except share data)

|                                                                                                                                                                                                                                                                         |               |         |           |   |        
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------- | ------- | --------- | - | -------
|                                                                                                                                                                                                                                                                         | September 30, |         | March 31,
|                                                                                                                                                                                                                                                                         | 2007          |         | 2007     
|                                                                                                                                                                                                                                                                         | (Unaudited)   |         | (Audited)
|                                                                                                                                                                                                                                                                         |               |         |          
|ASSETS                                                                                                                                                                                                                                                                   |               |         |           |   |        
|Current assets:                                                                                                                                                                                                                                                          |               |         |           |   |        
|Cash and cash equivalents                                                                                                                                                                                                                                                | $             | 1,624   |           | $ | 1,605  
|Accrued interest receivable                                                                                                                                                                                                                                              |               | 5       |           |   | 6      
|                                                                                                                                                                                                                                                                         |               |         |          
|Total current assets                                                                                                                                                                                                                                                     |               | 1,629   |           |   | 1,611  
|                                                                                                                                                                                                                                                                         |               |         |           |   |        
|Other assets                                                                                                                                                                                                                                                             |               | 1       |           |   | 1      
|                                                                                                                                                                                                                                                                         |               |         |          
|TOTAL ASSETS                                                                                                                                                                                                                                                             | $             | 1,630   |           | $ | 1,612  
|                                                                                                                                                                                                                                                                         |               |         |          
|                                                                                                                                                                                                                                                                         |               |         |           |   |        
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                     |               |         |           |   |        
|Current liabilities:                                                                                                                                                                                                                                                     |               |         |           |   |        
|Accounts payable and other accrued expenses                                                                                                                                                                                                                              | $             | 10      |           | $ | 11     
|                                                                                                                                                                                                                                                                         |               |         |          
|Total current liabilities                                                                                                                                                                                                                                                |               | 10      |           |   | 11     
|                                                                                                                                                                                                                                                                         |               |         |           |   |        
|Commitments and contingencies                                                                                                                                                                                                                                            |               | -       |           |   | -      
|                                                                                                                                                                                                                                                                         |               |         |          
|TOTAL LIABILITIES                                                                                                                                                                                                                                                        |               | 10      |           |   | 11     
|                                                                                                                                                                                                                                                                         |               |         |           |   |        
|Stockholders' equity:                                                                                                                                                                                                                                                    |               |         |           |   |        
|Common stock, no par value, stated value $.50 per share,
                
authorized
                22,000,000 shares, issued and outstanding
                
1,451,382 shares at
                September 30, 2007, and 1,423,382
at
                
March 31, 2007 |               | 726     |           |   | 712    
|Additional paid-in capital                                                                                                                                                                                                                                               |               | 9,339   |           |   | 9,330  
|Accumulated deficit                                                                                                                                                                                                                                                      |               | (8,445) |           |   | (8,441)
|                                                                                                                                                                                                                                                                         |               |         |          
|Total stockholders' equity                                                                                                                                                                                                                                               |               | 1,620   |           |   | 1,601  
|                                                                                                                                                                                                                                                                         |               |         |          
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                               | $             | 1,630   |           | $ | 1,612  
|                                                                                                                                                                                                                                                                         |               |         |          

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,
|------------------------------------------- | --------------------------------
|                                            |                                 
|                                            | 2007                            
|                                            |                                 
|Income:                                     |                                 
|Interest income                             | $                               
|                                            |                                 
|Total income                                |                                 
|                                            |                                 
|Expense:                                    |                                 
|Operating and administrative expenses       |                                 
|Legal expenses                              |                                 
|                                            |                                 
|Total expense                               |                                 
|                                            |                                 
|                                            |                                 
|Income (loss) before income taxes           |                                 
|Income tax expense                          |                                 
|                                            |                                 
|                                            |                                 
|NET INCOME (LOSS)                           | $                               
|                                            |                                 
|                                            |                                 
|Per share of common stock:                  |                                 
|Basic                                       | $                               
|                                            |                                 
|Diluted                                     | $                               
|                                            |                                 
|                                            |                                 
|Weighted average common shares outstanding: |                                 
|Basic                                       |                                 
|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,
|------------------------------------------- | ------------------------------
|                                            |                               
|                                            | 2007                          
|                                            |                               
|Income                                      |                               
|Interest income                             | $                             
|                                            |                               
|Total income                                |                               
|                                            |                               
|Expense:                                    |                               
|Operating and administrative expenses       |                               
|Legal expenses                              |                               
|                                            |                               
|Total expense                               |                               
|                                            |                               
|                                            |                               
|Net income (loss) before income taxes       |                               
|Income tax expense                          |                               
|                                            |                               
|                                            |                               
|NET INCOME (LOSS)                           | $                             
|                                            |                               
|                                            |                               
|Per share of common stock:                  |                               
|Basic                                       | $                             
|                                            |                               
|Diluted                                     | $                             
|                                            |                               
|                                            |                               
|Weighted average common shares outstanding: |                               
|Basic                                       |                               
|Diluted                                     |                               

See notes to financial statements.

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# FCCC, INC.

# STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the six months ended September 30, 2007
(Dollars in thousands, except share data)

|                                                                 |  | Common Stock |   | Paid-in |   | Accumulated |   | TotalStockholders'
|---------------------------------------------------------------- |  | ------------ | - | ------- | - | ----------- | - | ------------------
|                                                                 |  | Shares       |   | Amount  |   | Capital     |   | Deficit           
|                                                                 |  |              |   |         |   |             |   |                   
|Balance, March 31, 2007 (audited)                                |  | 1,423,382    | $ | 712     | $ | 9,330       | $ | (8,441)           
|                                                                 |  |              |   |         |   |             |   |                   
|Exercise of Stock Options on September 28, 2007                  |  | 28,000       |   | 14      |   | 9           |   | -                 
|                                                                 |  |              |   |         |   |             |   |                   
|Net loss for the six
months ended
September 30, 2007 (unaudited) |  | -            |   | -       |   | -           |   | (4)               
|                                                                 |  |              |   |         |   |             |   |                   
|Balance, September 30, 2007 (unaudited)                          |  | 1,451,382    | $ | 726     | $ | 9,339       | $ | (8,445)           
|                                                                 |  |              |   |         |   |             |   |                   

See notes to financial statements.

---



# FCCC, INC

# STATEMENTS OF CASH FLOWS(Dollars in thousands)(unaudited)

|                                                                            |                                |       |      |   |      
|--------------------------------------------------------------------------- | ------------------------------ | ----- | ---- | - | -----
|                                                                            | Six Months Ended September 30,
|                                                                            |                               
|                                                                            | 2007                           |       | 2006
|                                                                            |                                |       |     
|Cash Flows from Operating Activities:                                       |                                |       |      |   |      
|Net income (loss)                                                           | $                              | (4)   |      | $ | (11) 
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Adjustments to reconcile net loss to cash provided by operating activities: |                                |       |      |   |      
|Changes in assets and liabilities:                                          |                                |       |      |   |      
|Accrued interest receivable                                                 |                                | 1     |      |   | 5    
|Accounts payable and accrued expenses                                       |                                | (1)   |      |   | (7)  
|                                                                            |                                |       |     
|Net cash provided by (used in) operating activities                         |                                | (4)   |      |   | (13) 
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Cash Flows From Investing Activities:                                       |                                | -     |      |   | -    
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Cash Flows From Financing Activities:                                       |                                |       |      |   |      
|Exercise of Stock Options on September 28, 2007                             |                                | 23    |      |   | -    
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Net increase (decrease) in cash and cash equivalents                        |                                | 19    |      |   | (13) 
|Cash and cash equivalents, beginning of period                              |                                | 1,605 |      |   | 1,628
|                                                                            |                                |       |     
|Cash and cash equivalents, end of period                                    | $                              | 1,624 |      | $ | 1,615
|                                                                            |                                |       |     
|                                                                            |                                |       |      |   |      
|Supplemental cash flow disclosures:                                         |                                |       |      |   |      
|Cash payments of interest                                                   | $                              | -     |      | $ | -    
|Cash payments of income taxes                                               | $                              | 6     |      | $ | 2    

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-QSB 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, 2008 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, 2007.

The preparation of financial
statements in conformity with U.S. generally accepted accounting principles requires
management to make estimates and assumptions that affect certain reported amounts and
disclosures. Accordingly, actual results could differ from those estimates.

The Company has implemented all new
accounting pronouncements that are in effect and that may impact our financial statements
and do not believe that there are any other new accounting pronouncements that have been
issued that might have a material impact on our financial statements.

# NOTE B  RELATED
PARTY TRANSACTIONS

The Company had two executive
officers, one of whom currently 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, 2007, the Company accrued for its four outside directors a total of $2,400 in
connection with board and audit committee attendance.

# NOTE C  NEW
ACCOUNTING POLICY  SHARE BASED AWARDS

On December 16, 2004, the Financial
Accounting Standards Board (FASB) issued FASB Statement No. 123 (revised
2004), Share-Based Payment (SFAS 123(R)), which is a revision of
FASB Statement No. 123, Accounting for Stock-Based Compensation. SFAS 123(R)
requires expense for all share-based payments to employees, including grants of employee
stock options, to be recognized in the income statement based on their fair values. Pro
forma disclosure is no longer an alternative. For the Company, this statement is effective
and was adopted as of April 1, 2006. The Company has adopted the modified prospective
method, under which compensation cost is recognized beginning with the effective date. The
modified prospective method recognizes compensation cost based on the requirements of SFAS
123(R) for all share-based payments granted after the effective date and for all awards
granted to employees prior to the effective date that remain unvested on the effective
date.

---



Prior to the effective date, the
Company accounted for stock-based compensation granted to employees and directors under
Accounting Principles Board (APB) Opinion No. 25 Accounting for Stock
Issued to Employees and related interpretations as permitted by SFAS 123.
Accordingly, because the exercise price of the options equaled the fair value of the
underlying shares at the date of grant, no compensation cost was recognized by the Company
for stock based compensation. As required by SFAS 123, the Company presented certain pro
forma information for stock-based compensation in the notes to the financial statements.

Effective April 1, 2006, the Company
adopted the fair-value recognition provisions of SFAS 123R, using the modified-prospective
transition method. Under this transition method, stock-based compensation cost will be
recognized for all share based payments issued after April 1, 2006. Such compensation cost
would include the estimated expense for the portion of the vesting period after April 1,
2006 for share-based payments granted prior to, but not vested as of April 1, 2006, based
on the grant date fair value estimated in accordance with SFAS 123. Results from prior
periods have not been restated, as provided under the modified-prospective method.

The Company has not issued any new
share based payments during the six months ended September 30, 2007. In addition, based on
analysis of all share-based payments issued prior to April 1, 2006, it was determined the
adoption of SFAS 123R was immaterial in nature for both periods ended September 30, 2007
and 2006. Accordingly, the Company has not recorded any compensation cost for the
respective periods ended September 30, 2007 and 2006.

On October 1, 2002, the Company
granted non-qualified options to purchase 79,500 shares of common stock at a price of
$0.82 per share. The options carried a five year life and were fully vested upon issuance.
On September 28, 2007 options covering 28,000 common shares were exercised at $0.82 per
share for a total of $22,960. The remaining unexercised stock options covering 51,500
shares expired on September 30, 2007.

# ITEM 2.   MANAGEMENTS
DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

# 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 OPERATIONS
AND FINANCIAL CONDITION

The Company has limited operations
and has been actively seeking merger, reverse 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 six months ended September
30, 2007, the Company had a net loss of $4,000. The loss is attributable to the
operational and administrative expenses incurred during the six months less interest
income earned and taxes paid. During the six months ended September 30, 2006, the net loss
was $11,000. The net decrease in the current six months is primarily due to a decrease in
operating and administrative expenses of $9,000, a small increase in interest income and
an increase in taxes paid.

During the three months ended
September 30, 2007, the Company had a net loss of $2,000. The loss is attributable to the
operational and administrative expenses incurred during the three months less interest
income earned and taxes paid. During the three months ended September 30, 2006, the loss
from operations was $6,000. The net decrease in the current six months is primarily due to
a decrease in operating and administrative expenses of $4,000.

---



Stockholders equity as of
September 30, 2007 is $ 1,620,000 as compared to $1,601,000 at March 31, 2007. The net
increase is attributable to the net loss incurred by the Company during the six months
ended September 30, 2007 offset by the exercise of stock options in the amount of $22,960
on September 28, 2007.

The Company had cash and cash
equivalents on hand at September 30, 2007 of $1,624,000 as compared to $1,605,000 and
$1,602,000 at March 31, 2007 and June 30, 2007, respectively. The net increase in cash on
hand at September 30, 2007 is due to the exercise of stock options in the amount of
$22,960 on September 28, 2007, offset by losses sustained by the Company in the six months
ended September 30, 2007.

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 1, 2007 |  |           

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# EXHIBIT INDEX

| | Exhibit No. |  | Description                                                                                                                                                                                                                                                
| | ----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |             |  |                                                                                                                                                                                                                                                            
| | 31.1        |  | Certification of President, Chief Executive Officer, and Chief Financial Officer pursuant
                                   to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                             
| | 32.1        |  | Certification of President, Chief Executive Officer, and Chief Financial Officer pursuant
                               to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                                   2002.

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