<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    Form 10-Q
                        Quarterly Report Under Section 13
                           or 15 (d) of the Securities
                              Exchange Act of 1934

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



For the Quarter Ended
 September 30, 2001                              Commission File Number  0-21260
--------------------                             -------------------------------


                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


   Delaware                                                  36-3763539
----------------                                   ----------------------------
 State or other                                     IRS Employer Identification
 jurisdiction of                                              Number
 incorporation or
 organization

1300 E. Woodfield Road, Suite 312                   Schaumburg, Illinois 60173
---------------------------------                   ---------------------------
 Address of principal                                  City, State, Zip Code
 executive offices

Registrant's telephone number:                            (847) 240-6200
                                                    ---------------------------




         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.



                                 (1)  Yes  x   No
                                          ---     ---

                                 (2)  Yes  x   No
                                          ---     ---

<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                                    FORM 10-Q
                    FOR THE QUARTER ENDED SEPTEMBER 30, 2001

PART I - FINANCIAL INFORMATION

Item 1.

  Index to Financial Statements

    Balance Sheets

      September 30, 2001 (unaudited)                                       3

      December 31, 2000                                                    4

    Statements of Expenses (unaudited)

      For the three months ended September 30, 2001                        5

    Statements of Revenue and Expenses (unaudited)

      For the three months ended September 30, 2000                        6

      For the nine months ended September 30, 2001                         7

      For the nine months ended September 30, 2000                         8

    Statements of Changes in Partners' Equity

      For the nine months ended September 30, 2001
         (unaudited)                                                       9

    Statements of Cash Flows (unaudited)

      For the nine months ended September 30, 2001                        10

      For the nine months ended September 30, 2000                        11

    Notes to Financial Statements (unaudited)                        12 - 14

Item 2.

  Management's Discussion and Analysis of
    Financial Condition and Results of Operations                    15 - 17

Item 3.

  Quantitative and Qualitative Disclosures about
    Market Risk                                                           17

PART II - OTHER INFORMATION

Items 1-6.                                                                18



                                       2
<PAGE>
                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                                 BALANCE SHEETS
                               September 30, 2001
                                   (Unaudited)


                                        Liquidating    Continuing
                                          Limited        Limited
                                         Partners       Partners        Total
                                        ----------     ----------     ----------
ASSETS

Cash and cash equivalents               $   47,361     $  994,841     $1,042,202
                                        ----------     ----------     ----------

                                        $   47,361     $  994,841     $1,042,202
                                        ==========     ==========     ==========

LIABILITIES AND PARTNERS' EQUITY

Accounts payable and accrued
  expenses                              $       39     $      534     $      573
Accrued dissolution expenses                24,929        343,816        368,745
Accrued indemnity obligations               15,311        211,189        226,500
                                        ----------     ----------     ----------

    Total liabilities                       40,279        555,539        595,818

Total partners' equity                       7,082        439,302        446,384
                                        ----------     ----------     ----------

                                        $   47,361     $  994,841     $1,042,202
                                        ==========     ==========     ==========


                 See accompanying notes to financial statements

                                        3
<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                                 BALANCE SHEETS
                                December 31, 2000


                                        Liquidating   Continuing
                                          Limited      Limited
                                         Partners      Partners      Total
                                        ----------    ----------   ----------

ASSETS

Cash and cash equivalents                $ 35,594      $811,590      $847,184
Residual lease balances                         -         5,065         5,065
Diverted assets, net                        5,364        73,986        79,350
Other assets, net                               -             -             -
                                         --------      --------      --------

                                         $ 40,958      $890,641      $931,599
                                         ========      ========      ========

LIABILITIES AND PARTNERS' EQUITY

Accounts payable and accrued
  expenses                               $      -      $  9,684      $  9,684
Lessee rental deposits                         55           761           816
Accrued dissolution expenses               15,954       220,046       236,000
                                         --------      --------      --------

    Total liabilities                      16,009       230,491       246,500

Total partners' equity                     24,949       660,150       685,099
                                         --------      --------      --------

                                         $ 40,958      $890,641      $931,599
                                         ========      ========      ========


                 See accompanying notes to financial statements

                                        4
<PAGE>
                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                             STATEMENTS OF EXPENSES
                  For the three months ended September 30, 2001
                                   (Unaudited)


                                        Liquidating      Continuing
                                          Limited          Limited
                                         Partners         Partners      Total
                                        ----------       ----------   ----------


Expenses:
  Provision for dissolution
    expenses                              $ 13,423        $185,149     $198,572
  Provision for indemnity
    obligations                             15,311         211,189      226,500
                                          --------        --------     --------

Net loss                                  $ 28,734        $396,338     $425,072
                                          ========        ========     ========

Net loss - General Partner                $    287        $  3,963     $  4,250
                                          ========        ========     ========

Net loss - Limited Partners               $ 28,447        $392,375     $420,822
                                          ========        ========     ========

Net loss per limited
   partnership unit                       $   5.57        $   5.57
                                          ========        ========

Weighted average number of limited
   partnership units outstanding             5,100          70,396
                                          ========        ========



                 See accompanying notes to financial statements

                                        5
<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                       STATEMENTS OF REVENUE AND EXPENSES
                  For the three months ended September 30, 2000
                                   (Unaudited)



                                          Liquidating   Continuing
                                            Limited       Limited
                                           Partners      Partners        Total
                                          ----------    ----------    ----------

Revenue:
  Lease income                             $     48      $  2,823      $  2,871
  Interest income                                10        15,647        15,657
                                           --------      --------      --------

                                                 58        18,470        18,528
                                           --------      --------      --------

Expenses:
  General Partner's expense
    reimbursement                             4,876        67,249        72,125
  Professional fees                             296         6,474         6,770
  Other operating expenses                      117         1,616         1,733
  Credit for lease losses                       (75)       (5,526)       (5,601)
                                           --------      --------      --------

                                              5,214        69,813        75,027
                                           --------      --------      --------

Net loss                                   $ (5,156)     $(51,343)     $(56,499)
                                           ========      ========      ========

Net loss - General Partner                 $    (52)     $   (513)     $   (565)
                                           ========      ========      ========

Net loss - Limited Partners                $ (5,104)     $(50,830)     $(55,934)
                                           ========      ========      ========

Net loss per limited
   partnership unit                        $  (1.00)     $  (0.72)
                                           ========      ========

Weighted average number of limited
   partnership units outstanding              5,100        70,396
                                           ========      ========



                 See accompanying notes to financial statements

                                        6
<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                       STATEMENTS OF REVENUE AND EXPENSES
                  For the nine months ended September 30, 2001
                                   (Unaudited)


                                       Liquidating    Continuing
                                         Limited        Limited
                                        Partners       Partners         Total
                                       ----------     ----------      ----------

Revenue:
  Lease income                          $       -      $  12,789      $  12,789
  Interest income                             258          8,005          8,263
  Gain on sale of Diverted assets          24,508        338,042        362,550
                                        ---------      ---------      ---------

                                           24,766        358,836        383,602
                                        ---------      ---------      ---------

Expenses:
  General Partner's expense
    reimbursement                          12,414        171,222        183,636
  Professional fees                         1,220         18,891         20,111
  Other operating expenses                    464          6,374          6,838
  Credit for lease losses                    (199)       (13,141)       (13,340)
  Provision for dissolution
    expenses                               13,423        185,149        198,572
  Provision for indemnity
    obligations                            15,311        211,189        226,500
                                        ---------      ---------      ---------

                                           42,633        579,684        622,317
                                        ---------      ---------      ---------

Net loss                                $ (17,867)     $(220,848)     $(238,715)
                                        =========      =========      =========

Net loss - General Partner              $    (179)     $  (2,208)     $  (2,387)
                                        =========      =========      =========

Net loss - Limited Partners             $ (17,688)     $(218,640)     $(236,328)
                                        =========      =========      =========

Net loss per limited
   partnership unit                     $   (3.47)     $   (3.11)
                                        =========      =========

Weighted average number of limited
   partnership units outstanding            5,100         70,396
                                        =========      =========




                 See accompanying notes to financial statements

                                        7
<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                       STATEMENTS OF REVENUE AND EXPENSES
                  For the nine months ended September 30, 2000
                                   (Unaudited)


                                       Liquidating    Continuing
                                         Limited        Limited
                                        Partners       Partners         Total
                                       ----------     ----------      ----------


Revenue:
  Lease income                          $     112      $  11,351      $  11,463
  Interest income                             507         63,097         63,604
                                        ---------      ---------      ---------

                                              619         74,448         75,067
                                        ---------      ---------      ---------

Expenses:
  General Partner's expense
    reimbursement                          26,332        362,932        389,264
  Professional fees                         1,799         32,960         34,759
  Other operating expenses                    970         13,851         14,821
  Credit for lease losses                    (827)       (24,903)       (25,730)
                                        ---------      ---------      ---------

                                           28,274        384,840        413,114
                                        ---------      ---------      ---------

Net loss                                $ (27,655)     $(310,392)     $(338,047)
                                        =========      =========      =========

Net loss - General Partner              $    (276)     $  (3,104)     $  (3,380)
                                        =========      =========      =========

Net loss - Limited Partners             $ (27,379)     $(307,288)     $(334,667)
                                        =========      =========      =========

Net loss per limited
   partnership unit                     $   (5.37)     $   (4.37)
                                        =========      =========

Weighted average number of limited
   partnership units outstanding            5,100         70,396
                                        =========      =========




                 See accompanying notes to financial statements

                                        8
<PAGE>
                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                    STATEMENTS OF CHANGES IN PARTNERS' EQUITY
                                   (Unaudited)



<TABLE>
<CAPTION>
                                                Liquidating        Continuing
                                  General         Limited           Limited            Total
                                 Partner's       Partner's         Partner's         Partner's
                                   Equity          Equity            Equity            Equity
                                 --------       -----------        ----------        ---------
<S>                              <C>             <C>               <C>               <C>

Balance, December 31, 2000*        $    -        $  24,949         $ 660,150         $ 685,099

  Net loss                         (2,387)         (17,688)         (218,640)         (238,715)
  Allocation of General
    Partner's Equity                2,387             (179)           (2,208)                -
                                   ------        ---------         ---------         ---------

Balance, September 30, 2001        $    -        $   7,082         $ 439,302         $ 446,384
                                   ======        =========         =========         =========
</TABLE>


*  Balances are net of $16,899 and $299,892 of General Partner's Equity
   previously allocated to Liquidating and Continuing Limited Partners' Equity.









                 See accompanying notes to financial statements

                                        9
<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                            STATEMENTS OF CASH FLOWS
                  For the nine months ended September 30, 2001
                                   (Unaudited)


<TABLE>
<CAPTION>
                                           Liquidating      Continuing
                                             Limited          Limited
                                            Partners         Partners           Total
                                           -----------      -----------      -----------
<S>                                        <C>              <C>              <C>
Cash flows from operating activities:
  Net loss                                 $   (17,867)     $  (220,848)     $  (238,715)
  Adjustments to reconcile net loss
    to net cash used in operating
    activities:
    Gain on sale of Diverted assets            (24,508)        (338,042)        (362,550)
    Credit for lease losses                       (199)         (13,141)         (13,340)
    Provision for dissolution
      expenses                                  13,423          185,149          198,572
    Provision for indemnity
      obligations                               15,311          211,189          226,500
    Changes in assets and liabilities:
      Accounts payable and
        accrued expenses                            39           (9,150)          (9,111)
      Accrued dissolution expenses              (4,448)         (61,379)         (65,827)
      Lessee rental deposits                       (55)            (761)            (816)
                                           -----------      -----------      -----------
                                               (18,304)        (246,983)        (265,287)
                                           -----------      -----------      -----------

Cash flows from investing activities:
  Principal collections on leases                  199           18,206           18,405
  Proceeds from sale of Diverted
    assets                                      29,872          412,028          441,900
                                           -----------      -----------      -----------
                                                30,071          430,234          460,305
                                           -----------      -----------      -----------

Net increase in cash and
  cash equivalents                              11,767          183,251          195,018
Cash and cash equivalents:
  Beginning of year                             35,594          811,590          847,184
                                           -----------      -----------      -----------
  End of third quarter                     $    47,361      $   994,841      $ 1,042,202
                                           ===========      ===========      ===========
</TABLE>






                 See accompanying notes to financial statements


                                       10
<PAGE>
                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                            STATEMENTS OF CASH FLOWS
                  For the nine months ended September 30, 2000
                                   (Unaudited)



<TABLE>
<CAPTION>
                                           Liquidating      Continuing
                                             Limited          Limited
                                            Partners         Partners           Total
                                           -----------      -----------      -----------
<S>                                        <C>              <C>              <C>
Cash flows from operating activities:
  Net loss                                 $   (27,655)     $  (310,392)     $  (338,047)
  Adjustments to reconcile net loss
    to net cash used in operating
    activities:
    Credit for lease losses                       (827)         (24,903)         (25,730)
    Changes in assets and liabilities:
      Accounts payable and
        accrued expenses                            19            5,895            5,914
                                           -----------      -----------      -----------
                                               (28,463)        (329,400)        (357,863)
                                           -----------      -----------      -----------

Cash flows from investing activities:
  Principal collections on leases                  827          141,567          142,394
  Distribution of Diverted assets                2,808           38,727           41,535
                                           -----------      -----------      -----------
                                                 3,635          180,294          183,929
                                           -----------      -----------      -----------

Cash flows from financing activities:
  Distributions to Limited Partners            (34,842)      (1,123,951)      (1,158,793)
                                           -----------      -----------      -----------

Net decrease in cash and
  cash equivalents                             (59,670)      (1,273,057)      (1,332,727)
Cash and cash equivalents:
  Beginning of year                            101,971        2,152,997        2,254,968
                                           -----------      -----------      -----------
  End of third quarter                     $    42,301      $   879,940      $   922,241
                                           ===========      ===========      ===========
</TABLE>





                 See accompanying notes to financial statements

                                       11

<PAGE>

                     DATRONIC EQUIPMENT INCOME FUND XX, L.P.
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2001
                                   (Unaudited)




NOTE 1 - ORGANIZATION AND FINAL TERMINATION OF THE PARTNERSHIP:

Datronic Equipment Income Fund XX, LP, a Delaware Limited Partnership (the
"Partnership"), was formed on April 30, 1991 for the purpose of acquiring and
leasing equipment. See Notes 4, 7, and 10 to the Partnership's financial
statements included in the 2000 Form 10-K for a discussion of the alleged
diversion of Partnership assets in 1991 and 1992 and the subsequent litigation
and settlement, change in general partner, new classes of limited partners
established and amendments to the Partnership Agreement that occurred.

Since January 1, 1997, the Partnership has been in its Liquidating Phase, which
means that it ceased investing in new leases and began the orderly liquidation
of its assets. The general partner expects the Partnership to complete the total
liquidation of its assets by the end of 2001 and to complete all final
termination and dissolution activities during the first half of 2002.

NOTE 2 - BASIS OF FINANCIAL STATEMENTS:

Effective July 1, 2001, the Partnership commenced activities necessary for the
final liquidation, termination, and dissolution of the Partnership. All future
expenditures pertaining to this process, net of any expected recoveries of
miscellaneous assets or other receipts, have been accrued for and will be
charged to this accrual as they are incurred (see Notes 4 and 5 below).
Accordingly, the accompanying balance sheets as of September 30, 2001 reflect
the estimated liquidating value of the Partnership and Partners' Equity
represents the estimated amount of net assets available for distribution to the
Limited Partners. In addition, the accompanying Statements of Expenses for the
three months ended September 30, 2001 reflect only the additional provisions
required to complete the liquidation, termination, and dissolution process. The
accompanying financial statements should be read in conjunction with the
Partnership's financial statements included in the 2000 Form 10-K. The financial
information furnished herein is unaudited but in the opinion of Management
includes all adjustments necessary for a fair presentation of financial
condition and results of operations.






                                       12
<PAGE>


NOTE 3 - GAIN ON SALE OF DIVERTED ASSETS:

The Partnership's gain on sale of Diverted Assets of $362,550 represents its
share of the June 30, 2001 cash balance of DRC Partnership Fund Inc. (Fund Inc.)
in excess of its book value thereof. On June 12, 2001, the Southwick Office
Centre was sold for $15 million. After payment of sales commissions and other
closing costs of $456,654, net proceeds of $14,543,346 were received by Fund
Inc. for the benefit of the Partnerships. In addition, Fund Inc. held $1,415,485
of cash previously generated by the operations of the Southwick Office Centre.
The Partnership's interest in these amounts is $441,900 (2.8%) and is included
in "Cash and cash equivalents" at September 30, 2001. The Partnership's book
value of Diverted Assets was $79,350.

NOTE 4 - ACCRUED DISSOLUTION EXPENSES

At December 31, 2000, the Partnership accrued $236,000 ($1.84 million for all
Datronic Partnerships) to provide for all expenses pertaining to the
Partnership's termination and dissolution. The general partner estimated that
this process would be completed by December 31, 2001. During the third quarter
2001, an additional $199,000 provision ($1.49 million for all Datronic
Partnerships) was recorded. This provision was necessary because of the
additional time required to terminate and dissolve the Partnership resulting
from the claims filed by Edmund J. Lopinski, Jr. (see Note 6). The general
partner now expects that all termination and dissolution activities will be
completed during the first half of 2002.

NOTE 5 - ACCRUED INDEMNITY OBLIGATIONS

During the third quarter 2001, the Partnership recorded a $227,000 provision for
indemnity obligations ($2.5 million for all Datronic Partnerships). This amount
represents the general partner's estimate of the Partnership's continuing
obligation to indemnify the general partner, its officers, directors, and
employees (collectively "indemnitees"). The general partner is obligated to
indemnify its directors, officers and employees and is entitled to reimbursement
for all its expenses, including its indemnification obligation, from the
Partnerships. Furthermore, under the terms of the Limited Partnership Agreement,
as amended, (subject to various terms therein) the Partnership, and any receiver
or trustee appointed to administer the business or assets of the Partnership,
will indemnify and pay all judgments and claims against the General Partner and
any of its Affiliates, and save the same harmless from any liability, loss or
damage incurred by them or by the Partnership by reason of any act performed or
omitted to be performed by them that was determined in good faith by the General
Partner to have been in the best interest of the Partnership in connection with
the activities of the Partnership or




                                       13
<PAGE>

in dealing with third parties on behalf of the Partnership, including costs and
attorneys' fees and any amounts expended in the investigation or settlement of
any claims of liability, loss or damage, provided that such act or omission does
not constitute fraud, negligence, breach of fiduciary duty or misconduct.

The indemnity obligation provides for any currently uninsured, unasserted claims
that may be asserted after the Partnership is terminated and dissolved. The
general partner determined that the cost of maintaining ongoing accounting and
investor records during the ten years for which the indemnity obligation will
exist would exceed the Partnership's obligation. Therefore, the general partner
has caused the Partnership to relinquish any claim it might have to any future
residual cash. If there is no residual cash and claims still exist, the
indemnitees will be personally responsible for any shortfall. In the event that
the total amount funded is not needed, any residual balance will be donated to
charity.

NOTE 6 - LITIGATION:

During May of 2001, Edmund J. Lopinski, Jr., acting as his own attorney and who
is presently incarcerated at the Marion Federal Correctional Institution in
Marion, Illinois, filed several motions with the Federal District Court for the
Northern District of Illinois claiming that all proceeds received from the sale
of the Southwick office building in excess of the unsatisfied civil judgment
entered against him (approximately $10 million) belonged to him. During the
third quarter 2001, the court found Mr. Lopinski's claim to be without merit and
issued an order permitting the distribution of the net proceeds to the
Partnership's investors.





                                       14
<PAGE>

PART I

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion and analysis of liquidity and capital resources covers
material changes in the Partnership's financial condition from December 31, 2000
through September 30, 2001. The discussion and analysis of results of operations
is for the nine month period ended September 30, 2001 as compared to the
corresponding period in 2000. Any capitalized term not defined herein has been
defined or discussed in the Partnership's 2000 Form 10-K.

Liquidity and Capital Resources

At September 30, 2001, the Partnership's sole source of liquidity was its cash
and cash equivalents totaling $1.04 million. After payment of the following
items, the Partnership will distribute all of its remaining cash to its Limited
Partners.

-  Accrued dissolution expenses -  $369,000
-  Accrued indemnity obligations - $227,000
-  All other remaining known liabilities of the Partnership.

The general partner expects the distribution to Limited Partners will occur in
mid-December 2001.

During the nine months ended September 30, 2001, Partnership cash and cash
equivalents increased by $195,000. This net increase was due to proceeds of
$442,000 received from the sale of the Southwick office building (see below),
partially offset by cash used to pay (i) $199,000 of operating expenses incurred
through June 30, 2001 and (ii) $66,000 of dissolution expenses. Since July 1,
2001, the activities undertaken by the Partnership and its general partner have
pertained to the termination and dissolution process. Accordingly, all expenses
incurred since then have been characterized as dissolution expenses and, as
such, have been (and will continue to be) charged against the accrual for
dissolution expenses that was originally established as of December 31, 2000.

On June 12, 2001, the general partner closed the sale of the Southwick Office
Centre, which represented the last remaining Diverted Asset, for $15 million.
After payment of sales commissions and other closing costs, the net proceeds for
all Partnerships was approximately $14.5 million. The Partnership's 2.8% share
of the net proceeds and an additional $1.4 million held by DRC Partnership Fund,
Inc. ($441,900) is included in the Partnership's September 30, 2001 balance
sheet as "Cash and cash equivalents".




                                       15
<PAGE>


As of September 30, 2001, the general partner expects to utilize an additional
$369,000 of cash to terminate and dissolve the Partnership. Termination and
dissolution activities include liquidation of all remaining liabilities (see
above), calculation and distribution of the final cash distribution to the
Limited Partners, preparation of final state and federal tax returns,
preparation and mailing of final K-1s, filing of final state and federal
regulatory documents, closing of all bank accounts, and completion of all other
tasks as are necessary to conclude the Partnership's affairs. The expenses
associated with these activities have been fully provided for in "Accrued
dissolution expenses" shown in the Partnership's September 30, 2001 balance
sheet. This accrual was originally established as of December 31, 2000 in the
amount of $236,000. During the third quarter, an additional $199,000 provision
was recorded because of the additional time that will be necessary to complete
the termination and dissolution process. The additional time is the result of a
claim that was made against the net proceeds from the Southwick Office Centre
sale (see Note 6) that prevented the general partner from undertaking various
dissolution activities until the claim was resolved in the third quarter 2001.

The general partner is obligated to indemnify its directors, officers and
employees and is entitled to reimbursement for all its expenses, including its
indemnification obligation, from the Partnerships. Furthermore, under the terms
of the Limited Partnership Agreement, as amended, (subject to various terms
therein) the Partnership, and any receiver or trustee appointed to administer
the business or assets of the Partnership, will indemnify and pay all judgments
and claims against the General Partner and any of its Affiliates, and save the
same harmless from any liability, loss or damage incurred by them or by the
Partnership by reason of any act performed or omitted to be performed by them
that was determined in good faith by the General Partner to have been in the
best interest of the Partnership in connection with the activities of the
Partnership or in dealing with third parties on behalf of the Partnership,
including costs and attorneys' fees and any amounts expended in the
investigation or settlement of any claims of liability, loss or damage, provided
that such act or omission does not constitute fraud, negligence, breach of
fiduciary duty or misconduct.

Since this obligation continues after the Partnership is terminated and
dissolved, a separate indemnification fund will be established. This fund will
be used for indemnification of any currently uninsured, unasserted claims that
may be asserted after the Partnership has been terminated and dissolved.




                                       16
<PAGE>

The general partner estimates that the Partnership's obligation totals $227,000.
Previously, the general partner estimated that this obligation could be as much
as $296,000, thus allowing an additional $69,000 to be available for the final
distribution to the Limited Partners. The general partner has also determined
that the cost of maintaining ongoing accounting and investor records during the
ten years for which the indemnity obligation will exist would exceed the
Partnership's obligation. Therefore, the general partner has caused the
Partnership to relinquish any claim it might have to any future residual cash.
If there is no residual cash and claims still exist, the indemnitees will be
personally responsible for any shortfall. In the event that the total amount
funded is not needed, any residual balance will be donated to charity.

Results of Operations

The Partnership had net losses of $425,000 and $239,000, respectively, for the
three and nine months ended September 30, 2001. This compares to net losses of
$56,000 and $338,000, respectively, for the three and nine months ended
September 30, 2000. The increase in net loss between the three-month periods is
due to the third-quarter 2001 provisions for dissolution expenses and indemnity
obligations (totaling $425,000) which exceeded the $75,000 of net operating
expenses that were incurred in the third-quarter of 2000. Because all activities
subsequent to June 30, 2001 pertain to the termination and dissolution process,
all related expenses have been charged against the balance sheet accrual.
Accordingly, no operating expenses appear in the third-quarter 2001 Statements
of Expenses.

Favorable factors that resulted in a decrease in net losses for the nine-month
periods were the $363,000 gain on the June 2001 sale of the Southwick office
building and decreased operating expenses. Operating expenses for the nine-month
periods decreased by $216,000 because no operating expenses were recorded after
June 30, 2001 and those incurred through June 30, 2001 reflected the favorable
effects of staff reductions and other savings related to decreased activity.
Partially offsetting these favorable factors during the nine-month periods were
the $425,000 of aggregate provisions for dissolution expenses and indemnity
obligations described above.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The information called for in this disclosure is not applicable to the
Registrant.



                                       17
<PAGE>


PART II - OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

Reference is made to Item 3 - Legal Proceedings in the Partnership's December
31, 2000 Form 10-K, for a discussion of material legal proceedings involving the
Partnership.

Reference is made to Part I, Item 1, Note 6 for a discussion of claims made by
Edmund J. Lopinski.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5.  OTHER INFORMATION

None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

None.




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<PAGE>

                                   SIGNATURES



Pursuant to the requirements of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized, on the 14th day of November 2001.





            DATRONIC EQUIPMENT INCOME FUND XX, L.P.
            Registrant





       By:  /s/DONALD D. TORISKY
            ----------------------------
            Donald D. Torisky
            Chairman and Chief Executive Officer,
            Lease Resolution Corporation
            General Partner of
            Datronic Equipment Income Fund XX, L.P.



       By:  /s/JEFFREY T. MCREYNOLDS
            ----------------------------
            Jeffrey T. McReynolds
            Vice President and Chief Financial Officer,
            (and Principal Accounting Officer)
            Lease Resolution Corporation
            General Partner of
            Datronic Equipment Income Fund XX, L.P.










                                       19