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             Company Name: DANIEL GREEN COMPANY Ticker Symbol: DAGR


                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

          For the quarter ended June 30, 2000 Commission File No. 0-774

                              DANIEL GREEN COMPANY
                 (Name of Small Business Issuer in its Charter)


           MASSACHUSETTS                                 15-0327010
(State or other jurisdiction of               (IRS Employer Identification No.)
 incorporation or organization)

           OLD TOWN, MAINE                                  04468
(Address of principal executive offices)                 (Zip Code)

Issuer's telephone number, including area code: (207) 827-4431

Former  name,  former  address and former  fiscal  year,  if changed  since last
report: None.

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  twelve  months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to the filing requirements for the past 90 days. YES  X  NO
                                                                      ---    ---

         CLASS                              OUTSTANDING AT JUNE 30, 2000
Common Stock $2.50 par value                         1,560,789


Transitional Small Business Disclosure Format (Check One)  Yes    No X
                                                              ---   ---

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                              DANIEL GREEN COMPANY

                                    INDEX

                                                                          Page
                                                                          Number


<TABLE>
<CAPTION>

<S>                                                                          <C>

Index........................................................................1

PART I - Financial Information

Consolidated Balance Sheets, Assets
         June 30,2000 and December 31, 1999..................................2

Consolidated Balance Sheets, Liabilities & Stockholders' Equity
         June 30,2000 and December 31, 1999..................................3

Consolidated Statements of Operations for the three months and six months
         periods ended June 30, 2000 and 1999................................4

Consolidated Statements of Cash Flows for the six months ended
         June 30, 2000 and 1999..............................................5

Notes to Consolidated Financial Statements...................................6

Management Discussion & Analysis of Financial Condition and Results
         of Operations.......................................................7

PART II - Other Information..................................................9

                                      i
</TABLE>

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<TABLE>
<CAPTION>
                                                                        DANIEL GREEN COMPANY
                                                                     Consolidated Balance Sheets

                                                                               ASSETS
                                                                   June 30                December 31
                                                                    2000                     1999
                                                                 (Unaudited)                  (*)
                                                                 ------------            ------------
<S>                                                              <C>                     <C>
Current Assets:
Cash                                                             $   424,188             $   225,079

Accounts Receivable, trade
less allowances for doubtful accounts
(2000 - $ 571,476 1999 - $259,914)                                 5,451,667               4,167,612

Deferred Income Tax Asset                                            535,500                 101,629

Finished Goods Inventories
                                                                  10,195,054               3,542,255

Other Current Assets                                                 139,888                  71,725
                                                                 -----------             -----------

Total Current Assets                                              16,746,297               8,108,300

Property, plant & equipment:
Real Estate and Water Power, at cost                               2,560,504               2,560,504
Machinery & Equipment at cost                                      3,049,046               1,594,847
                                                                 -----------             -----------
                                                                   5,609,550               4,155,351
Less: Accumulated Depreciation                                     3,416,735               3,333,701
                                                                 -----------             -----------
Property, plant & equipment, net                                   2,192,815                 821,650


Other Assets:
Deferred income tax asset                                         1,089,369                  815,176
Deferred financing costs                                            413,335                  435,612
Goodwill                                                            881,510                     -
Prepaid Pension Cost                                              2,497,719                     -
Other Assets                                                          3,895                   70,923

                                                                -----------              -----------
 Total Other Assets                                               4,885,828                1,321,711
                                                                -----------              -----------


Total Assets                                                    $23,824,940              $10,251,661
                                                                ===========              ===========
</TABLE>

(*) Derived from audited financial statements.
See notes to consolidated financial statements.

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<TABLE>
<CAPTION>
                                                 DANIEL GREEN COMPANY

                                                 Consolidated Balance Sheets

                                              Liabilities & Stockholders' Equity

                                               June 30          December 31
                                                2000               1999
                                             (Unaudited)            (*)
                                             -----------        ------------
<S>                                          <C>                        <C>

Current Liabilities:

Notes Payable, line of credit                $       -            $  1,903,078
Notes Payable, current                           915,824               864,754
Accounts Payable, trade                        1,118,481               548,816
Accrued Salaries & Commissions                   233,492               170,935
Accrual for Closing Facilities
          & Severance                            179,854                     0
Income Tax Payable                               658,300                     0
Other Accrued Liabilities                        923,215               206,448
                                             -----------          ------------

Total Current Liabilities                      4,029,166             3,694,031

Notes Payable, line of credit                  6,919,228                     0
Notes Payable, non-current                     5,984,653                81,087
Other Liability                                2,472,303                     0
                                             -----------          ------------

Total Liabilities                             19,126,384             3,775,118


Stockholders' Equity

Common Stock                                   4,245,823             4,245,823
Paid-in-excess of par value                      815,940               815,940
Retained Earnings                                (43,778)            1,987,992
                                             -----------          ------------
                                               5,017,985             7,049,755
Less: Treasury Stock                            (598,395)             (573,212)
                                             -----------          ------------
Total stockholders' equity                     4,419,590             6,476,543
                                             -----------          ------------

Total Liabilities & Stockholders'
        Equity                               $23,824,940           $10,251,661
                                             ===========          ============
</TABLE>


(*) Derived from audited financial statements. See notes to consolidated
financial statements.

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                             DANIEL GREEN COMPANY

                          Consolidated Statements of
                                  Operations
                                  (unaudited)


<TABLE>
<CAPTION>

                                                  For the                           For the
                                           Three Months Ended                  Six Months Ended
                                           June 30      June 30                June 30     June 30
                                            2000         1999                   2000        1999
                                          --------------------------------------------------------


<S>                                      <C>          <C>                <C>             <C>
Net Sales                                  $6,398,449   $2,263,351         $ 7,554,006     $5,150,376

Costs and Expenses
  Cost of Goods Sold                        4,245,004    2,826,588           5,551,661      5,249,842
  Selling, General &
    Administrative                          2,469,592    1,354,715           4,715,740      2,314,779
  Interest Expense                            437,282       30,744              69,282         51,977
                                          -----------------------------------------------------------

Total Costs and Expenses                    7,151,878    4,212,047          10,336,683      7,616,598
Loss before credit for
  Income Taxes                               (753,429)  (1,948,696)         (2,782,677)    (2,466,222)

Credit for Income Taxes                       263,886      470,233             750,906        591,893
                                          -----------------------------------------------------------

Net Loss                                   $ (489,543) $(1,478,463)        $(2,031,771)   $(1,874,329)
                                          ===========================================================

Net Loss per Share:
  Basic                                    $ (0.31)        $ (0.95)            $ (1.30)       $ (1.20)
  Diluted                                  $ (0.31)        $ (0.95)            $ (1.30)       $ (1.20)

Shares Outstanding:
  Basic                                   1,560,789      1,556,445           1,560,789      1,563,685
  Diluted                                 1,560,789      1,556,445           1,560,789      1,563,685

</TABLE>

See notes to consolidated financial statements.

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<PAGE>   6



                             DANIEL GREEN COMPANY
                          Consolidated Statements of
                                  Cash Flows
                              (Unaudited) For the
                             For Six Months Ended

<TABLE>
<CAPTION>

                                                          June 30               June 30
                                                           2000                  1999
                                                         ---------------------------------
<S>                                                      <C>                   <C>

Operating Activities:
Net Loss                                                  $(2,031,771)         $(1,874,329)
Adjustments to reconcile net loss to net
  cash provided by operating activities:
  Depreciation                                                 83,003              164,804
  Amortization                                                 39,755               19,543
Changes in assets & liabilities:
  (Increases) decreases in:
    Accounts Receivable, trade                              3,373,461            1,752,048
    Income Tax Refund Receivable                                    0              387,142
    Inventories                                              (729,313)           1,327,244
    Other Current Assets                                      (41,757)              48,701
    Other Assets                                             (434,515)            (760,005)
  Increases (decreases) in:
    Accounts Payable, trade                                  (198,237)            (505,111)
    Accrued Salaries & Commissions                            (34,702)             183,019
Other Accrued Liabilities                                     264,664              311,001
                                                        -----------------------------------
Net Cash Provided by Operating Activities                     290,588            1,054,057

Investing Activities:
  Acquisition of business less cash acquired              (11,485,900)                   0
  Sale of Marketable Securities                               718,000                    0
  Purchase of property & equipment                           (204,199)             (29,505)
                                                        -----------------------------------
Net cash used in Investing Activities                     (10,972,099)             (29,505)

Financing Activities:
  Net Borrowing (payments) on Line of Credit                5,716,152             (646,435)
  Net Borrowing (payments) of Notes Payable                 5,242,378             (272,683)
  Purchase of Treasury Stock                                  (25,183)            (107,334)
  Other Refinancing Expenses                                  (52,727)                   0
                                                         -----------------------------------
Net Cash Provided(Used) in Financing Activities            10,880,620           (1,026,452)
                                                          ----------------------------------
Net Increase (Decrease) in Cash                               199,109               (1,900)

Cash at Beginning of Period                                   225,079                7,300
                                                         -----------------------------------

cash at End of Period                                       $ 424,188              $ 5,400
                                                         ===================================
</TABLE>

See notes to consolidated financial statements.

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<PAGE>   7


                             DANIEL GREEN COMPANY

                  Notes to Consolidated Financial Statements

Note 1.              In the opinion of the Company, the accompanying unaudited
                  consolidated financial statements contain adjustments, all of
                  which are of a normal and recurring nature, necessary to
                  present fairly the financial position as of June 30, 2000 and
                  the results of operations and cash flows for the six months
                  then ended.


Note 2.              The results of operations for the six months ended June 30,
                  2000 are not necessarily indicative of the results to be
                  expected for the full year.

Note 3.              Due to severe global competition, the Company ceased
                  domestic manufacturing and transitioned to a fully sourced
                  importer during the second half of 1999. At the same time,
                  several acquisition opportunities were aggressively evaluated
                  and pursued. This activity resulted in acquiring certain
                  assets of one of the Company's largest competitors, L. B.
                  Evans and Son ("Evans") on February 3, 2000. In addition, the
                  Company purchased all of the outstanding shares of Penobscot
                  Shoe Company ("Penobscot") from Riedman Corporation on March
                  30, 2000. Penobscot Shoe Company has been making women's
                  footwear for over 60 years and is based in Old Town, Maine.
                  Since a significantly more modern distribution facility, with
                  excess capacity came with the Penobscot acquisition, it was
                  decided that relocating the Daniel Green operation to Maine
                  would provide the most efficient and effective platform for
                  optimizing the synergies from the three businesses. During May
                  2000, and pursuant to a public announcement made by the
                  Company on March 30, 2000, the Company's headquarters and
                  distribution operation previously located in Dolgeville, New
                  York were relocated to, and consolidated with, the newly
                  acquired operations in Old Town, Maine.  During the first
                  quarter of this year, the Company recorded an expense totaling
                  $508,811 for the purposes of closing the Dolgeville facility
                  ($400,000) and severance to terminated employees ($108,811).

Note 4.              The acquisition of Penobscot has been accounted for under
                  the purchase method of accounting and, accordingly, the
                  operation results of Penobscot have been included in the
                  Company's consolidated financial statements since the date of
                  acquisition. The estimated fair market value of assets and
                  liabilities acquired was $15,398,000 and $4,853,000
                  respectively. The acquired liabilities include a $2,490,000
                  obligation to dissenting stockholders of the acquired company.
                  This obligation was classified as long-term since the Company
                  intends to finance the payment on a long-term basis and has a
                  specific long-term financing arrangement in place for such
                  purpose on terms that are readily determinable. The excess of
                  the aggregate purchase price over the estimated fair market
                  value of the net assets acquired was approximately $897,000,
                  which is being amortized on a straight-line basis over 15
                  years.

                                        6

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                  The following summary presents unaudited proforma consolidated
                  results of operations as if the acquisition had occurred at
                  the beginning of 2000 and 1999, and include adjustments for
                  estimated amounts of goodwill amortization, depreciation of
                  fixed assets acquired based on their estimated fair values,
                  increased interest expense assuming the purchase consideration
                  had resulted in additional borrowing during the periods
                  presented. The pro forma results are for illustrative purposes
                  only, and do not purport to be indicative of the actual
                  results which would have occurred had the transaction been
                  consummated as of the earlier dates, nor are they indicative
                  of results of operations which may occur in the future. The
                  results do not reflect synergies.
<TABLE>
<CAPTION>
                  Six Months Ended June 30,                               2000              1999
                  -------------------------------------------------------------------------------
                  <S>                                                  <C>               <C>
                  In thousands, except per share amounts (unaudited)
                  Net Sales                                            $14,068           $15,773
                  Net Earnings (Loss)                                   (1,227)           (1,014)
                  Net Earnings (Loss) per Common Share                    (.78)             (.65)

</TABLE>

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<PAGE>   9



         DANIEL GREEN COMPANY

           Management Discussion & Analysis of Financial Condition and
                              Results of Operations

1.       Liquidity and Capital Resources

              As disclosed in Note 3 to the Consolidated Financial Statements
         included herein, the Company acquired L.B. Evans & Son (Evans) and
         Penobscot Shoe Company (Penobscot) during the quarter ended March
         2000.

              At June 30, 2000, the Daniel Green Company had working capital of
         approximately $12,717,000 versus approximately $4,414,000 as of
         December 31, 1999. The ratio of current assets to current liabilities
         at June 30, 2000 was 4.16 to 1, compared to 2.19 to 1 at December 31,
         1999.

              The statement of cash flows for the six months ended June 30,
         2000, shows an increase in cash and cash equivalents of approximately
         $199,000 since December 31, 1999. Operating activities provided
         $308,000 in cash. Purchases of property and equipment, mainly for data
         processing and warehousing, used approximately $204,000 during the six
         month period.

              At the end of the second quarter of 2000, total indebtedness
         consisted of: line of credit balance, noncurrent of $6,919,228, notes
         payable, current $915,824, notes payable, noncurrent $5,984,653, and a
         liability related to the dissenting stockholders of Penobscot of
         $2,472,303; a total debt of $16,292,008.

              As of August 11, 1999 the Company had in place a revolving line of
         credit ("revolver"), with Manufacturers and Traders Trust Company (M&T
         Bank), Buffalo, New York, which provided the Company with a $5,500,000
         revolving line of credit and a $838,097 mortgage/term loan (80%
         guaranteed by FMHA). The revolver is secured by accounts receivable,
         inventory, equipment and cash. The revolving line termination date is
         July 30, 2002. The interest rate established on the revolving line is
         prime rate plus one percent (1%) per annum. The mortgage term loan is
         secured by the Company's facilities and totaled $796,653 as of June 30,
         2000. The mortgage term loan's principal and interest payments are
         based on a ten-year amortization with a balloon payment on April 1,
         2001. The mortgage term loan interest rate is LIBOR plus two and
         one-quarter percent (2 -1/4%) per annum.

         On March 30, 2000, the Company entered into a new loan agreement with
         M&T Bank to support recent acquisition and working capital
         requirements. The prior agreement was amended in its entirety to, among

         other things:

         -  Provide a revolving credit facility in the maximum principal
            amount of $12,500,000;

         -  Provide an additional term loan facility in the principal amount of
            $6,000,000;

         -  Provide a supplement loan facility in the principal amount of up to
            $2,800,000;

         -  Convert the Revolving Line Loan under the prior agreement into loans
            under this agreement;

         -  Add Penobscot as a borrower under this agreement; and

         -  Make certain other changes to the terms and conditions of the prior
            agreement.

              Management is not aware of any known demands, commitments or
         events that would materially affect its liquidity. There are no
         material expenditures or commitments, which would affect capital
         resources in a significant way. Cash generated by operations,
         supplemented by borrowings, should cover planned requirements.

                                      8
<PAGE>   10
2.       Results of Operations

              Net sales for the second quarter were $6,398,000, compared to
         sales of $2,263,000 in the corresponding quarter last year. Included in
         the current quarter were net sales of $4,781,000 attributable to the
         brands acquired with Penobscot Shoe. The moving and reestablishment of
         the Daniel Green product lines from New York to Maine negatively
         affected sales during the quarter. The setting up and training involved
         with the order processing, MIS and distribution systems proved more
         time consuming and complex than anticipated. Once the systems were
         installed, shipping activity slowly ramped up throughout the month of
         June.

              The gross margin in the current quarter was approximately 34%
         compared to a negative margin in the same quarter last year. The
         additional brands acquired by the Company provided for a larger sales
         base and a higher margin.

              Selling, general and administrative expenses in the second quarter
         increased 59% from expenses reported during the comparable period of
         1999. Most of these increased costs are a result of the significantly
         higher level of business activity associated with the acquisitions and
         start-up of systems.

              During the second quarter, net interest expense amounted to
         $368,000 compared to $30,744 last year.

1.       Legal Proceedings

              (a) On March 7, 2000 a lawsuit was filed in the United
         States District Court for the Southern District of New York by
         Group USA, Inc. alleging trademark infringement and unfair
         competition based upon the Company's distribution, manufacture
         and sale of footwear products bearing a trademark that is
         claimed to be a colorable imitation of the interlocking DG
         design trademarks owned by Group USA. The Company has agreed to
         discontinue use of the trademark bearing the interlocking "D" and "G"
         with respect to all merchandise manufactured in the future. Mutual
         release are expected to be exchanged.

2.       Changes in Securities - None.

3.       Default upon Senior Securities - None.

4.       Submission of matters to a vote of security holders. - None

5.       Other Information - None.

6.       Exhibits and Reports on Form 8K.

         (a) Form 8K was filed March 30, 2000 regarding acquisition of Penobscot
         Shoe Company.

         Pursuant to the requirements of the Securities Exchange Act of 1934,
         the registrant has duly caused this report to be signed on its behalf
         by the undersigned, thereunto, duly authorized.

                                        DANIEL GREEN COMPANY
                                        Registrant

Date: August 14, 2000                    /s/ David L. Keane
     ------------------                 -------------------------
                                        David L. Keane
                                        Chief Financial Officer

Date: August 14, 2000                    /s/ James R. Riedman
     ------------------                 -------------------------
                                        James R. Riedman
                                        Chief Executive Officer

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