Commission File Number:     2-71136

                           DETONICS SMALL ARMS LIMITED
             (Exact name of registrant as specified in it's charter)

            Washington                                91-1150122
(State or other Jurisdiction of                (IRS  Employer  ID  No.)
incorporation or organization)

                       14508 SE 51st, Bellevue, WA  98006
              (Address and zip code of principal executive offices)

       Registrant's telephone number, including area code:  (425) 746-6761



     Indicate  by  check  mark  whether the registrant (1) has filed all reports
required  to  be  filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding  12  months  (or  for  such shorter period that the
registrant  was required to file such reports), and (2) has been subject to such
filing  requirements  for  the  past  90  days.

                           Yes:   X               No:

                       DOCUMENTS INCORPORATED BY REFERENCE

Form  S-1,  Detonics  Small  Arms  Limited,  Commission  File  No. 2- 71136, but
excluding  the  balance  sheet  of Detonics Small Arms Limited together with the
report  of  independent  certified  public  accountants,  is  incorporated  by
reference.


                         PART I - FINANCIAL INFORMATION

Item  1:    Financial  Statements

See  Appendix  A

Item  2:    Management's  Discussion  and  Analysis  of  the  Financial
            ondition  and  Results  of  Operations

No  royalties  or  other  income  were  booked  in  the  first  quarter of 2001.

The  partnership  originally  had  licensed  the  manufacturing  and sale of its
products  to  Detonics  Manufacturing  Corporation  (DMC) a subsidiary of Energy
Sciences  Corporation,  (ESC).  DMC,  ESC and the Partnership entered Chapter 11
bankruptcy  proceedings  on  April  29, 1986. In late 1987, the Bankruptcy Court
approved  a sale of all of DMC's assets to a new entity, formed by outside third
parties,  called  New  Detonics Manufacturing Corporation, (NDMC). By subsequent
majority  vote  of  the  limited  partners of the Partnership, a new license was
entered  into  between  the  Partnership and NDMC, which called for royalties to
begin  in  late 1991 at the rate of 4% of gross sales. No partnership income was
expected  before  that  time.


<PAGE>
On  May  13,  1988, ESC's bankruptcy was dismissed and all remaining assets were
repossessed  by  the  sole  secured creditor of ESC, the firm of Murphy & Elgot.
These  assets  are  primarily  amounts  owed  to ESC by the partnerships and the
rights  to produce products owned by the partnerships. The general partners have
begun  discussions  with  Mr.  Murphy,  (who  was  also  counsel for ESC and the
partnerships),  on  the  elimination  of  most  or  all  the  debt  owed  by the
Partnership  to  ESC,  (and  now,  therefor  to  Murphy  &  Elgot).

As  previously  reported,  the  general  partners  learned  in  late  1991  that
production  of firearms at NDMC was suspended in 1991. The general partners have
subsequently been advised that Murphy & Elgot, the sole secured creditirs of the
original  DMC, have moved to have the "soft" assets (the name "Detonics" and the
right  to  manufacture  the Detonics designs) which were assigned to NDMC by the
Bankruptcy  Court be returned to Murphy & Elgot. This occured in September 1992.
Mr.  Murphy  passed away in 1997. The general partners have had discussions with
Mr.  Elgot  regarding  future  attempts  to  recommercialize the products and he
indicated  he would likely approve any recommercialization plan that the general
partners would be able to obtain. The general partners have been discussing such
plans  with  a  third party, (a company being formed by Mr. Jerry Ahern, a noted
writer  and firearms entreprenuer and Mr. Eric Curly, a California businessman),
but,  no  royalty amounts have been discussed as of April 27, 2001. There can be
no  guarantee  that  it will be possible to arrange for production of any of the
Partnership's  products  and  no  royalties  are  expected  for  2001.


                           PART II - OTHER INFORMATION

Item  1:    Legal  Proceedings

The  staff  of  the Securities and Exchange Commission's Division of Enforcement
recommended  to  the  Commission  that  it  authorize  the staff to file a civil
injunction  action  against  the  Partnership  and  Messrs.  Maes and Steffey to
require  timely  filing  of  reports with the commission. Such an injunction was
entered  on  June  25,  1986.  All  subsequent  reports  have been timely filed.

On  October  16,  1989  the  U.S. Bankruptcy Court ordered the conversion of the
partnership's  Chapter 11 to a Chapter 7. On May 11, 1990, the partnership filed
an  amended  motion to dismiss the Chapter 7. The motion was granted on June 21,
1990  and  the  partnership  is  no  longer  in  bankruptcy.

In March 1993, the partnership received a "Notice of Beginning of Administrative
Proceeding"  from the Internal Revenue Service. The issue was a possible finding
that  the  partnership  "burned  out"  and  is subject to recapture. The general
partners  are  of  the  position  that  the  products and the partnership remain
viable.  In  July, 1993, the general partners received notification from the IRS
that  they  did  not intend to make any changes as a result of that Administrave
Proceeding.  The  IRS  has  the  right  to  bring  the  subject  up  again.


<PAGE>
Item  2:  Changes  In  Securities:  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,  Financial  Statement  Schedules,  and  Reports
          on  Form  8-K

          a)   Documents  filed  as  part  of  this  Report:  Unaudited
               financial  statement.

          b)   Reports  on  Form  8-K:  None.


<PAGE>
                                   Appendix A

                           DETONICS SMALL ARMS LIMITED
                                  BALANCE SHEET
                                 MARCH 31, 2001
                                   (UNAUDITED)


    ASSETS
    Cash                                        $       0
    Royalties  Receivable                               0
                                                ----------
            TOTAL  CURRENT  ASSETS              $       0

    Intangible  Assets  Less  Amortization              0
    Receivable from Affiliates Less Allowance           0
                                                ----------
            TOTAL  ASSETS                       $       0


    LIABILITIES  AND  PARTNERS'  EQUITY
    Accounts  Payable                           $       0
    Taxes  Payable                                      0
                                                ----------
            TOTAL  CURRENT  LIABILITIES                 0

    Payable  to  Affiliates                       672,769

                                                ----------
            TOTAL  LIABILITIES                    672,769

    Partners'  Capital
                                                 (672,769)
                                                ----------
            TOTAL  LIABILITIES
            AND  PARTNER'S  EQUITY                      0


<PAGE>
                           DETONICS SMALL ARMS LIMITED
                               STATEMENT OF INCOME
                             FOR THE QUARTER ENDING
                                 MARCH 31, 2001
                                   (UNAUDITED)


    Royalty  Revenue                                    $   0

    Expenses                                                0
                                                        -----
    Net  Income  (Loss)                                 $   0

NOTE:  The  products  owned  by  the  Partnership  were licensed to New Detonics
Manufacturing  Corporation  (NDMC).  Under  the terms of that license, royalties
were not scheduled to be paid to the Partnership until late 1991. NDMC suspended
production  of all firearms and the license with NDMC has been terminated. As of
October  2000,  there  are  no  new  license  agreements  in  existance.


<PAGE>
                           DETONICS SMALL ARMS LIMITED
                             STATEMENT OF CASH FLOWS
                             FOR THE QUARTER ENDING
                                 MARCH 31, 2001
                                   (UNAUDITED)


    Net  Cash  Provided  By  Operating  Activities           $   0

    Net  Cash  Used  By  Investing  Activities                   0

    Net  Cash  Provided  By  Financing  Activities               0
                                                             -----
    Net  Increase  In  Cash                                  $   0

      Cash  At  Beginning  Of  Period                        $   0
                                                             -----
      Cash  At  End  Of  Period                              $   0


<PAGE>
                                   SIGNATURES

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

                                           DETONICS  SMALL  ARMS  LIMITED
                                                  (Registrant)

     4/27/01                                Michel E. Maes, General Partner
       Date                                        (Signature)


<PAGE>