SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10 QSB

OMB Approval
OMB Number XXXX-XXXX
Expires Approval Pending
Estimated Average Burden Hours Per Response 1.0


             Quarterly Report Pursuant to Under Section 13 or 15 (d)
                     of the Securities Exchange Act of 1934

                       for the Quarter Ended March 1, 2008


              For the Transition Period from_________ to _________
                          Commission File Number 0-5109


                            MICROPAC INDUSTRIES, INC.




Delaware                                                 75-1225149
------------------                           -----------------------------------
(State of Incorporation)                      (IRS Employer Identification No.)

905 E. Walnut, Garland, Texas                                       75040
-----------------------------                                 ------------------
(Address of Principal Executive Office)                           (Zip Code)

Registrant's Telephone Number, including Area Code              (972) 272-3571
                                                              ------------------

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act of 1934 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
   ---------------------------------                            ----------------



On March 1,  2008,  2,578,315  shares  of  Common  Stock,  $.10 par  value  were
outstanding.





                                       1
<PAGE>



                            MICROPAC INDUSTRIES, INC.

                                   FORM 10-QSB

                                  MARCH 1, 2008

                                      INDEX

PART I   - FINANCIAL INFORMATION

           ITEM 1 -   FINANCIAL STATEMENTS

                    Condensed  Statements  of  Operations  for the three  months
                    ended March 1, 2008 and February 24, 2007
                    Condensed  Balance  Sheets as of March 1, 2008 and  November
                    30, 2007
                    Condensed  Statements  of Cash  Flows for the  three  months
                    ended March 1, 2008 and February 24, 2007
                    Notes to Financial Statements

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

          ITEM 3  -  CONTROLS AND PROCEDURES



PART II  - OTHER INFORMATION

          ITEM 1 -   LEGAL PROCEEDINGS
          ITEM 2 -   CHANGES IN SECURITIES
          ITEM 3 -   DEFAULTS UPON SENIOR SECURITIES
          ITEM 4 -   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
          ITEM 5 -   OTHER INFORMATION
          ITEM 6 -   EXHIBITS AND REPORTS ON FORM 8-K

                     (a) Exhibits
                    31.1 Certification  of Chief Executive  Officer  pursuant to
                         Section 302 of the Sarbanes- Oxley Act of 2002

                    31.2 Certification of Chief  Accounting  Officer pursuant to
                         Section 302 of the Sarbanes- Oxley Act of 2002

                    32.1 Certification of Chief Executive Officer pursuant to 18
                         U.S.C. section 1350, as adopted pursuant to section 906
                         of the Sarbanes-Oxley act of 2002.

                    32.2 Certification of Chief  Accounting  Officer pursuant to
                         18 U.  S. C.  section  1350,  as  adopted  pursuant  to
                         section 906 of the Sarbanes-Oxley act of 2002.


                     (b) Reports on Form 8-K



SIGNATURES


                                       2
<PAGE>







PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS



                            MICROPAC INDUSTRIES, INC.
                       CONDENSED STATEMENTS OF OPERATIONS
                    (Dollars in thousands except share data)
                                   (Unaudited)




                                                         For three months ended
                                                         3/01/08        2/24/07
                                                      -----------    -----------

NET SALES                                            $     4,185    $     4,251


COST AND EXPENSES:

    Cost of goods sold                                    (2,913)        (2,947)

    Research and development                                 (94)          (100)

    Selling, general & administrative expenses              (780)          (726)
                                                      -----------    -----------

                       Total cost and expenses            (3,787)        (3,773)


OPERATING INCOME BEFORE INTEREST                             398            478
           AND INCOME TAXES

    Interest income                                           69             46
                                                     -----------    -----------

INCOME BEFORE TAXES                                          467            524

    Provision for taxes                                     (177)          (199)
                                                     -----------    -----------

NET INCOME                                           $       290    $       325
                                                     ===========    ===========

NET INCOME PER SHARE, BASIC AND DILUTED              $      0.11    $      0.13


DIVIDENDS PER SHARE                                  $      0.10    $      0.10

WEIGHTED AVERAGE NUMBER OF SHARES, Basic and diluted   2,578,315      2,578,315


                 See accompanying notes to financial statements.


These  statements  reflect all adjustments  which, in the opinion of management,
are necessary for fair statement of the results for the interim period.



                                       3
<PAGE>
<TABLE>
<CAPTION>



                            MICROPAC INDUSTRIES, INC.
                            CONDENSED BALANCE SHEETS
                             (Dollars in thousands)


                                     ASSETS
                                                                    (Unaudited)
CURRENT ASSETS                                                        3/01/08    11/30/07
<S>                                                                   <C>        <C>
                                                                      -------    --------

     Cash and cash equivalents                                       $  4,774    $  4,394
     Short term investments                                             1,521       2,021

     Receivables, net of allowance for doubtful accounts of             2,370       2,415
         $89 on March 1, 2008 and $89 on November 30, 2007
     Inventories:
         Raw materials                                                  1,579       1,588
         Work-in process                                                2,476       2,455
                                                                     --------    --------
     Total Inventories                                                  4,055       4,043
     Prepaid expenses and other current assets                             32          69
     Deferred income tax                                                  659         659
                                                                     --------    --------
                        Total current assets                           13,411      13,601
                                                                     --------    --------

PROPERTY, PLANT AND EQUIPMENT, at cost:
     Land                                                                  80          80
     Buildings                                                            498         498
     Facility improvements                                                796         796
     Machinery and equipment                                            6,182       6,119
     Furniture and fixtures                                               590         584
                                                                     --------    --------
                        Total property, plant, and equipment            8,146       8,077
         Less accumulated depreciation                                 (6,908)     (6,843)
                                                                     --------    --------
                        Net property, plant, and equipment              1,238       1,234
                                                                     --------    --------


                        Total assets                                 $ 14,649    $ 14,835
                                                                     ========    ========

                         LIABILITIES AND SHAREHOLDERS'
EQUITY

CURRENT LIABILITIES:
     Accounts payable                                                $    682    $    608
     Accrued compensation                                                 308         544
     Other accrued liabilities                                            135         194
     Deferred revenue                                                     268         323
     Income taxes payable                                                 293         235
                                                                     --------    --------
                        Total current liabilities                       1,686       1,904
                                                                     --------    --------

DEFERRED INCOME TAXES                                                     116         116

SHAREHOLDERS' EQUITY
     Common stock, ($.10 par value), authorized 10,000,000 shares,        308         308
       3,078,315 issued 2,578,315 outstanding at March 1, 2008 and
       November 30, 2007
     Paid-in capital                                                      885         885
     Treasury stock, 500,000 shares, at cost                           (1,250)     (1,250)
     Retained earnings                                                 12,904      12,872
                                                                     --------    --------

                        Total shareholders' equity                     12,847      12,815
                                                                     --------    --------

                        Total liabilities and shareholders' equity   $ 14,649    $ 14,835
                                                                     ========    ========
</TABLE>



                 See accompanying notes to financial statements.


These  statements  reflect all adjustments  which, in the opinion of management,
are necessary for fair statement of the results for the interim period.



                                       4
<PAGE>
<TABLE>
<CAPTION>



                            MICROPAC INDUSTRIES, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                             (Dollars in thousands)
                                   (Unaudited)


                                                                    For three months ended
                                                                     3/01/08      2/24/07
                                                                     -------      -------
<S>                                                                  <C>          <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
     Net Income                                                     $   290    $   325
     Adjustments to reconcile net income to:
         Cash from operating activities:
           Depreciation and amortization                                 65         66
         Changes in current assets and liabilities:
           Accounts receivable                                           45       (660)
           Inventories                                                  (12)       308
           Prepaid expenses and other current assets                     37         32
           Deferred revenue                                             (55)        51
           Accounts payable                                              74        (78)
           Accrued compensation                                        (236)      (183)
           Other accrued liabilities                                    (59)       (16)
           Income taxes payable                                          58        198
                                                                    -------    -------

              Net cash provided by operating activities                 207         43
                                                                    -------    -------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Changes in investments                                             500        (92)
     Additions to property, plant and equipment                         (69)       (15)
                                                                    -------    -------

              Net cash provided by (used in) investing activities       431       (107)
                                                                    -------    -------

CASH FLOWS FROM FINANCING ACTIVITIES
         Cash dividend                                                 (258)      (258)
                                                                    -------    -------

              Net cash used in financing activities                    (258)      (258)
                                                                    -------    -------

Net change in cash and cash equivalents                                 380       (322)

Cash and Cash Equivalents at beginning of period                      4,394      2,558
                                                                    -------    -------

Cash and Cash Equivalents at end of period                          $ 4,774    $ 2,236
                                                                    =======    =======

Supplemental Cash Flow Disclosure

     Cash Paid For Income Taxes                                     $   123    $     0
                                                                    =======    =======
</TABLE>



                 See accompanying notes to financial statements.




These  statements  reflect all adjustments  which, in the opinion of management,
are necessary for fair statement of the results for the interim period.


                                       5
<PAGE>

                            MICROPAC INDUSTRIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

Note 1

In the opinion of management,  the unaudited  financial  statements  include all
adjustments  (consisting  of only normal,  recurring  adjustments)  necessary to
present  fairly the financial  position as of March 1, 2008,  the cash flows for
the three months  ended March 1, 2008 and February 24, 2007,  and the results of
operations  for the three  months  ended March 1, 2008 and  February  24,  2007.
Unaudited financial statements are prepared on a basis substantially  consistent
with those audited for the year ended November 30, 2007. Certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with generally  accepted  accounting  principles in the United States
have been condensed or omitted pursuant to the rules and regulations promulgated
by the Securities and Exchange Commission. However, management believes that the
disclosures  contained  are  adequate  to make  the  information  presented  not
misleading.


Note 2

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States  requires  management to make estimates
and assumptions  that affect the reported  amounts of assets and liabilities and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements and the reported  amounts of sales and expenses  during the reporting
period. Actual results could differ from those estimates.


Note 3

On December  22,  2006,  the Board of  Directors  of Micropac  Industries,  Inc.
approved the payment of a $.10 per share dividend to all  shareholders of record
on January 26, 2007. The dividend  payment was paid to  shareholders on February
9, 2007.

On December  19,  2007,  the Board of  Directors  of Micropac  Industries,  Inc.
approved the payment of a $.10 per share dividend to all  shareholders of record
on January 25, 2008. The dividend  payment was paid to  shareholders on February
8, 2008.

On January 23, 2008, Mr. Nadolsky  announced his plan not to run for re-election
as a Director  and  Chairman  of the Board of  Micropac  Industries,  Inc.  (the
"Company")  due to  health  reasons.  Mr.  Nadolsky  continued  to serve in such
positions until the Company's Annual Shareholder Meeting on March 7, 2008.


Note 4

On March 1, 2001,  the Company's  shareholders  approved the 2001 Employee Stock
Option Plan (the "Stock Plan").  As of March 1, 2008 there were 500,000  options
available to be granted. No options have been granted to date.


Note 5

On June 1, 2006 the  Company  renewed  an  uncollateralized  $3,000,000  line of
credit  agreement with a bank for a term of two (2) years.  The interest rate is
equal to the prime rate less 1/4%. The line of credit  requires that the Company
maintain certain financial ratios.  The financial  covenants require the Company
to  maintain  a quick  ratio of at least 1:1,  maintain a tangible  net worth of
$6,250,000  plus 75% of future net income,  and maintain a total  liabilities to
tangible net worth of less than 1.25:1.  The Company is in compliance with these
covenants.  The  Company  has not, to date,  used any of the  available  line of
credit.


Note 6

Basic and  diluted  earnings  per share are  computed  based  upon the  weighted
average number of shares outstanding during the year. Diluted earnings per share
gives effect to all dilutive potential common shares. For the three months ended
March 1, 2008 and  February  24,  2007,  the Company  had no dilutive  potential
common stock.


Note 7

Glast,  Phillips & Murray, P.C. serves as the Company's legal counsel. Mr. James
K. Murphey, a director and member of the Company's audit committee,  is a member
of Glast, Phillips & Murray, P.C.


                                       6
<PAGE>





                            MICROPAC INDUSTRIES, INC.
                                   (Unaudited)


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

Business

Micropac Industries, Inc. (the "Company"), a Delaware corporation,  manufactures
and distributes various types of hybrid  microelectronic  circuits,  solid state
relays,  power  operational  amplifiers,   and  optoelectronic   components  and
assemblies.  The  Company's  products are used as components in a broad range of
military,  space and industrial systems,  including aircraft instrumentation and
navigation systems,  power supplies,  electronic  controls,  computers,  medical
devices,  and  high-temperature  (200o C) products.  The Company's  products are
either custom (being application  specific circuits designed and manufactured to
meet the particular requirements of a single customer) or standard,  proprietary
components such as catalog items.

Results of Operations

                                                 Three months ended
                                                3/01/2008  2/24/2007
                                                ---------  ---------
NET SALES                                         100.0%     100.0%

COST AND EXPENSES:
    Cost of goods sold                             69.6%      69.3%
    Research and development                        2.3%       2.4%
    Selling, general & administrative expenses     18.6%      17.1%
                                                   -----      -----
                 Total cost and expenses           90.5%      88.8%


OPERATING INCOME BEFORE INTEREST                    9.5%      11.2%
    AND INCOME TAXES

  Interest income                                   1.6%       1.0%

INCOME BEFORE TAXES                                11.1%      12.3%

  Provision for taxes                               4.2%       4.7%

NET INCOME                                          6.9%       7.6%



Sales for the first  quarter ended March 1, 2008 totaled  $4,185,000.  Sales for
the first quarter  decreased  1.6% or $66,000 below sales for the same period of
2007. Sales were 15% in the commercial  market,  62% in the military market, and
23% in the space market  compared to 22% in the  commercial  market,  57% in the
military market, and 21% in the space market for the same period of 2007.

Cost of goods sold for the first quarter 2008 versus 2007 totaled 69.6 and 69.3%
of net sales.  Cost of goods sold dollars decreased $34,000 in the first quarter
of 2008, compared to 2007.

Research and  development  cost  decreased  $6,000 for the first quarter of 2008
compared to the same period of 2007.

Selling,  general  and  administrative  expenses  for the first  quarter of 2008
totaled 18.6%,  compared to 17.1% for the same period in 2007. Selling,  general
and  administrative  expenses  increased  $54,000 in the first  quarter of 2008,
compared to 2007.


                                       7
<PAGE>


Interest income increased  $23,000 for the first quarter of 2008 compared to the
same period in 2007.  The  increase is  attributable  to improved  yields on the
company's short term  investments  and an increase in short term  investments of
$500,000.

Provisions for taxes decreased $22,000 for the first quarter of 2008 compared to
the same period in 2007 with lower net income. The estimated  effective tax rate
was 38% for both periods.

Net income in the first quarter of 2008 totaled  $290,000,  compared to $325,000
for the  comparable  period in 2007.  Net income per share totaled $.11 and $.13
for the comparable three months of 2008 and 2007, respectively

Total  assets  decreased  $186,000  to  $14,649,000  as of  March 1,  2008  from
$14,835,000 as of November 30, 2007.

Cash and short-term  investments as of March 1, 2008 totaled $6,295,000 compared
to $6,415,000 on November 30, 2007, a decrease of $120,000.

Account receivables totaled $2,370,000 as of March 1, 2008 from $2,415,000 as of
November 30, 2007, a decrease of $45,000.

Inventories  totaled $4,055,000 at the end of the first quarter 2008 compared to
$4,043,000  on  November  30,  2007,  an  increase  of  $12,000.  Raw  materials
inventories  including  supplies decreased $9,000 since November 30, 2007, while
work-in process inventories increased $21,000.

Current  liabilities totaled $1,686,000 on March 1, 2008 representing a decrease
of $218,000  from November 30, 2008 with a decrease in accrued  compensation  of
$236,000 related to the payment of a cash bonus to all employees.

Shareholders'  equity increased $32,000 in the first three months of 2008 with a
net income of $290,000 offset by the dividend payment of $258,000.  Earnings per
share for the three month period totaled $.11 per share.

Liquidity and Capital Resources

Cash and short-term  investments as of March 1, 2008 totaled $6,295,000 compared
to $6,415,000 on November 30, 2007, a decrease of $120,000. The decrease in cash
and  short-term  investments  is  attributable  to $207,000 net cash provided by
operations,  offset  by the  payment  of a cash  dividend  of  $258,000  and the
investment of $69,000 in equipment.

Cash flows from  operating  activities for the quarter ending March 1, 2008 were
$207,000 compared to $43,000 for the quarter ending February 24, 2007.

A  special  cash  dividend  of  $258,000  was paid on  February  8,  2008 to all
shareholders of record on January 25, 2007.

On June 1, 2006 the  Company  renewed  an  uncollateralized  $3,000,000  line of
credit  agreement with a bank for a term of two (2) years.  The interest rate is
equal to the prime rate less 1/4%. The line of credit  requires that the Company
maintain certain financial ratios.  The financial  covenants require the Company
to  maintain  a quick  ratio of at least 1:1,  maintain a tangible  net worth of
$6,250,000  plus 75% of future net income,  and maintain a total  liabilities to
tangible net worth of less than 1.25:1.  The Company is in compliance with these
covenants.  The  Company  has not, to date,  used any of the  available  line of
credit.

The  Company  expects  to  generate  adequate  amounts  of cash from the sale of
products and services and the collection thereof to meet its liquidity needs.

Outlook

New  orders  for the  first  quarter  of 2008  totaled  $4,618,000  compared  to
$4,000,000 for the comparable period of 2007.

Backlog  totaled  $8,351,000  on March 1,  2008  compared  to  $9,278,000  as of
February 24, 2007.  The  decrease is primarily  attributable  to lower orders on
industrial  semiconductor  assemblies  and solid  state power  controllers.  The
majority of the backlog is shippable in the next twelve (12) months.

The Company  cannot assure that the results of operations for the interim period
presented  are   indicative  of  total  results  for  the  entire  year  due  to
fluctuations  in customer  delivery  schedules,  or other factors over which the
Company has no control.

Cautionary Statement

This Form 10-QSB contains  forward-looking  statements that are made pursuant to
the safe harbor  provisions of the Private  Securities  Litigation Reform Act of
1995.  Actual  results  could  differ  materially.  Investors  are  warned  that
forward-looking  statements involve risks and unknown factors including, but not
limited to, customer cancellation or rescheduling of orders, problems affecting

                                       8
<PAGE>


delivery  of  vendor-supplied   raw  materials  and  components,   unanticipated
manufacturing problems and availability of direct labor resources.

Such  risks  and  uncertainties  include,  but are  not  limited  to  historical
volatility  and  cyclicality  of the  semiconductor  and  semiconductor  capital
equipment  markets that are subject to significant and often rapid increases and
decreases in demand. In addition, the Company produces silicon  phototransistors
and light  emitting diode die for use in certain  military,  standard and custom
products.  Fabrication  efforts sometimes may not result in successful  results,
limiting the  availability of these  components.  Competitors  offer  commercial
level  alternatives and our customers may purchase our competitors'  products if
the Company is not able to manufacture the products using these  technologies to
meet the customer demands.  Approximately $1,400,000 of the Company's backlog is
dependent on these semiconductors.

The  Company  disclaims  any   responsibility  to  update  the   forward-looking
statements contained herein, except as may be required by law.



ITEM 3. CONTROLS AND PROCEDURES

     (a) Evaluation of disclosure controls and procedures.

          The Chief Executive Officer and Chief Financial Officer of the Company
          evaluated the Company's disclosure controls and procedures (as defined
          in  Exchange  Act Rules  13a-15 (e) as of March 1, 2008 and,  based on
          this evaluation,  concluded that the Company's disclosure controls and
          procedures are  functioning in an effective  manner to ensure that the
          information  required  to be  disclosed  by the Company in the reports
          that it  files  or  submits  under  the  Exchange  Act,  is  recorded,
          processed,  summarized and reported, within the time periods specified
          in the SEC's rules and forms. .

     (b) Changes in internal controls.

          There  has been no  change  in the  Company's  internal  control  over
          financial  reporting  that has materially  affected,  or is reasonably
          likely to  materially  affect,  the  Company's  internal  control over
          financial reporting.


PART II - OTHER INFORMATION

ITEM 1.        LEGAL PROCEEDINGS

               The Company is not  involved in any  material  current or pending
               legal proceedings.

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 AND REPORTS ON FORM 8-K

               (a) Exhibits

                    31.1 Certification  of Chief Executive  Officer  pursuant to
                         Section 302 of the Sarbanes- Oxley Act of 2002
                    31.2 Certification of Chief  Accounting  Officer pursuant to
                         Section 302 of the Sarbanes- Oxley Act of 2002

                                       9
<PAGE>


                    32.1 Certification of Chief Executive Officer pursuant to 18
                         U.S.C. section 1350, as adopted pursuant to section 906
                         of the Sarbanes-Oxley act of 2002.
                    32.2 Certification of Chief  Accounting  Officer pursuant to
                         18 U.  S. C.  section  1350,  as  adopted  pursuant  to
                         section 906 of the Sarbanes-Oxley act of 2002.


               (b) Reports on Form 8-K

               On December  19,  2007,  the Board of  Directors of Micropac
               Industries,  Inc.  approved  the payment of a $.10 per share
               dividend to all  shareholders of record on January 25, 2008.
               The dividend payment was paid to shareholders on February 8,
               2008.

               On January 23, 2008, Mr. Nadolsky  announced his plan not to
               run for  re-election as a Director and Chairman of the Board
               of Micropac  Industries,  Inc. (the "Company") due to health
               reasons.  Mr.  Nadolsky  will  continue  to  serve  in  such
               positions  until  the  Company's  next  Annual   Shareholder
               Meeting scheduled for March 7, 2008.










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.



                            MICROPAC INDUSTRIES, INC.



April 14, 2008                                /s/ Mark King
--------------                              ------------------------------------
Date                                        Mark King
                                            Chief Executive Officer



April 14, 2008                                /s/ Patrick Cefalu
--------------                              ------------------------------------
Date                                        Patrick Cefalu
                                            Chief Financial Officer

                                       10