<PAGE> 1
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                                 FORM 10-Q


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

For the Quarterly Period Ended June 30, 1999

                                    or

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

For the Transition Period Ended ________________________


                     Commission File Number 2-91966-01


                       STERLING DRILLING FUND 1984-1
            (Exact name of registrant as specified in charter)

                                 New York
               (State or other jurisdiction of incorporation)

                                13-3234373
                    (IRS employer identification number)

             One Landmark Square, Stamford, Connecticut  06901
           (Address and Zip Code of principal executive offices)

                              (203) 358-5700

           (Registrant's telephone number, including area code)

                              Not Applicable
(Former name, former address and former fiscal year, if changed since last
                                  report)

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  / /

<PAGE> 2
                             PART I

Item 1.   Financial Statements

The following Financial Statements are filed herewith:

Balance Sheets - June 30, 1999 and December 31, 1998.

Statements of Operations for the Six and Three Months Ended June
30, 1999 and 1998.

Statements of Changes in Partners' Equity for the Six and Three
Months Ended June 30, 1999 and 1998.

Statements of Cash Flows for the Six Months Ended June 30, 1999
and 1998.

Note to Financial Statements


Item 2.   Management's Discussion and Analysis of Financial
Condition and Results of Operations

1.  Liquidity -

The  oil  and gas industry is intensely competitive  in  all  its
phases.   There  is  also competition between this  industry  and
other  industries  in supplying energy and fuel  requirements  of
industrial and residential consumers.  It is not possible for the
Registrant  to  calculate  its  position  in  the  industry,   as
Registrant   competes   with   many   other   companies    having
substantially   greater  financial  and  other   resources.    In
accordance  with  the terms of the Prospectus  as  filed  by  the
Registrant, the General Partners of the Registrant will make cash
distributions of as much of the Partnership cash credited to  the
capital  accounts  of the Partners as the General  Partners  have
determined  is  not  necessary or desirable for  the  payment  of
contingent debts, liabilities or expenses for the conduct of  the
Partnership's  business.   As  of  June  30,  1999,  the  General
Partners  have  distributed $1,731,750.00 or 18.75%  of  original
Limited Partner capital contributions to the Limited Partners.

The  Year  2000  (Y2K) issue is the definition and resolution  of
potential  problems resulting from computer application  programs
or  imbedded  chip  instruction  sets  utilizing  two-digits,  as
opposed  to  four  digits, to define a specific year.  Such  date
sensitive  systems  may  be unable to properly  interpret  dates,
which  could  cause  a system failure or other  computer  errors,
leading to disruptions in operations. The Partnership relies on

<PAGE> 3

the   Managing   General   Partner   for   all   management   and
administrative   functions.   Consequently,   the   Partnership's
exposure  to  the Y2K problems is determined by  what  Year  2000
efforts have been undertaken by the Managing General Partner.

In  1997,  the  Managing General Partner developed a  three-phase
program for the Y2K information systems compliance. Phase I is to
identify those systems with which the Partnership has exposure to
Y2K  issues.  Phase  II  is  to  remediate  systems  and  replace
equipment where required. Phase III is the final testing of  each
major area of exposure to ensure compliance. The Managing General
Partner has identified four major areas determined to be critical
for  successful  Y2K compliance: (1) financial and  informational
system applications, (2) communications applications, (3) oil and
gas producing operations, and (4) third-party relationships.

The  Managing General Partner, in accordance with Phase I of  the
program,  conducted  an  internal  review  of  all  systems   and
contacted  all  software suppliers to determine  major  areas  of
exposure  to  Y2K  issues.  The  Managing  General  Partner   has
completed  the modifications to its core financial and  reporting
systems and is continuing to test compliance in this area.  These
modifications  were made in conjunction with an  upgrade  of  the
financial reporting applications provided by the Managing General
Partner's  software  vendor. Conversion to  the  new  system  was
completed  during  1998. Due to the technology  advances  in  the
communications  area  the Managing General Partner  has  upgraded
such   equipment  regularly  over  the  past  three  years.   Y2K
compliance  was a specification requirement of each installation.
Consequently,  the Managing General Partner expects  exposure  in
this  area  to be limited to third party readiness. The  Managing
General  Partner  is  in  the process  of  identifying  areas  of
exposure  resulting  from  equipment used  in  its  oil  and  gas
producing  operations. The Managing General  Partner  intends  to
continue identification, remediation and testing throughout 1999.
In  the  third-party  area,  the  Managing  General  Partner  has
received  assurance from its significant service  suppliers  that
they  intend  to  be Y2K compliant by 2000. The Managing  General
Partner   has  implemented  a  program  to  request   Year   2000
certification or other assurance from other third parties  during
1999.

The  Partnership  recognizes  that, notwithstanding  the  efforts
described above, the Partnership could experience disruptions  to
its  operations  or  administrative  functions,  including  those
resulting from non-compliant systems utilized by unrelated  third
party  governmental and business entities. The  Managing  General
Partner is in the process of developing a contingency plan in

<page 4>

order  to  mitigate potential disruption to business  operations.
The  Managing General Partner expects to complete  and  to refine
this plan throughout 1999.

The Managing General Partner has handled identifying, remediating
and testing systems for Year 2000 compliance within the scope  of
routine  upgrades  and systems evaluations. The Managing  General
Partner  expects to complete the review of oil and gas operations
exposure  in  the  same  manner,  without  incurring  substantial
additional costs. However, information resulting from the oil and
gas  operations  review  may indicate required  expenditures  not
currently contemplated by the Partnership.

The  net  proved  oil  and gas reserves of  the  Partnership  are
considered  to be a primary indicator of financial  strength  and
future  liquidity.  The present value of unescalated  future  net
revenues  (S.E.C. case) associated with such reserves, discounted
at  10%  as of December 31, 1998, was approximately $649,800,  as
compared  to $974,200 as of December 31, 1997. Overall  reservoir
engineering  is  a  subjective process of estimating  underground
accumulations of gas and oil that can not be measured in an exact
manner. The accuracy of any reserve estimate is a function of the
quality  of  available data and of the engineering and geological
interpretation and judgment. Accordingly, reserve  estimates  are
generally different from the quantities of gas and oil  that  are
ultimately  recovered and such differences may  have  a  material
impact   on  the  Partnership's  financial  results  and   future
liquidity.


<page 5>

2.  Capital Resources -

The  Registrant was formed for the sole intention of drilling oil
and  gas  wells.  The Registrant entered into a drilling contract
with  an  independent contractor in October 1984 for  $7,750,000.
Pursuant  to  the terms of this contract, thirty-two  wells  have
been drilled, resulting in thirty-two producing wells.


3.   Results of Operations -

Total  operating  revenues  decreased  from  $  146,046  in  1998
to   $73,703  in  1999.   The Partnership's  production   of  gas
decreased  from 40,111 MCF in 1998  to 30,968 MCF in  1999.  Also
the  Partnership was paid an average price per MCF of $  3.34  in
1998  compared to the decreased average price per MCF of $1.98 in
1999.  A substantial portion of the Partnership's production  was
shut-in for the month of June 1999 due to required maintenance of
the gas transporter's pipeline.  All properties were returned  to
production  in  July  1999. Production  expenses  decreased  from
$71,009  in 1998  to  $53,198 in 1999.  The Partnership's regular
operating  expenses  can  vary  based  upon  the  needs  of   the
particular  wells and well sites.  The current 1999  expenditures
were  consistent  with  lower production volumes  and   decreased
expenditures  for  road repairs, related labor  costs  and  other
repairs at the well site.

General  and  administrative expenses  to  a  related  party  are
charged   in  accordance  with  guidelines  set  forth   in   the
Registrant's  Management Agreement and are  attributable  to  the
affairs and operations of the Partnership and shall not exceed an
annual  amount  equal  to  5%  of the  Limited  Partners  capital
contributions.  Amounts  related  to  both  1998  and  1999   are
substantially  less than the amounts allocable to the  Registrant
under  the Partnership Agreement. Management continues to  reduce
third party costs and use in-house resources to provide efficient
and timely services to the Partnership.

The  Partnership records additional depreciation,  depletion  and
amortization to the extent that net capitalized costs exceed  the
undiscounted   future   net  cash  flows  attributable   to   the
Partnership  properties. The Partnership   was  not  required  to
revise  the properties basis in 1998 or during the first half  of
1999.   The  current depreciation was reasonable based  upon  the
current remaining basis in the Partnership properties.



<PAGE> 6

                             PART II

Items  1  to  5  have been omitted in that each  item  is  either
inapplicable or the answer is negative.

Item 6: Exhibits and reports on Form 8-k
The  Partnership was not required to file any reports on Form 8-K
during the period covered by this report.

Exhibit  27 - Financial data schedule is attached to the  current
filling of this report.

<PAGE>7

                       S I G N A T U R E S



Pursuant  to  the requirements of Section 13 or  15  (d)  of  the

Securities Exchange Act of 1934, Registrant has duly caused  this

report  to  be signed on its behalf by the undersigned, thereunto

duly authorized.







                                  STERLING DRILLING FUND 1984-1

                                  (Registrant)






August 13, 1999                     By: /S/ Charles E. Drimal Jr.
(Date)                             ---------------------------
                                   Charles E. Drimal, Jr.
                                  General Partner

<PAGE>8
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                         Balance Sheets
                                       June 30,      December 31,
                                         1999            1998
                                     (unaudited)       (audited)
Assets
Current Assets:
  Cash and cash equivalents        $       5,460  $       43,948
  Due from affiliates                     28,482          21,341
                                     -----------     ------------
      Total current assets                33,942          65,289
                                     -----------     ------------

Oil and Gas properties -
successful efforts method:
  Leasehold costs                        323,260         323,260
  Well and related facilities          7,658,884       7,658,884
   less accumulated
   depreciation, depletion and
   amortization                       (7,037,475)     (7,011,961)
                                     -----------     ------------
                                         944,669         970,183
                                     -----------     ------------
       Total assets                $     978,611 $     1,035,472
                                     ============    ============

Liabilities and Partners' Equity
 Current Liabilities:
   Due to others                   $       12,287  $           0
                                     ------------    ------------
       Total current liabilities           12,287              0
                                     ------------    ------------
 Partners' Equity
   Limited partners                       974,388      1,033,627
   General partners                        (8,064)         1,845
                                      -----------     -----------
       Total partners' equity             966,324      1,035,472
                                      -----------     -----------
       Total liabilities and
         Partners' equity          $      978,611   $  1,035,472
                                     ===========     ============



See accompanying note to financial statements.

<PAGE>9
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)

                                   Six Months Ending
                                     June 30, 1999

                               Limited      General
                               Partners     Partners        Total
Revenue:
Operating revenue           $     58,225      15,478  $    73,703
Other revenue                      2,300         611        2,911
Interest income                      857          55          912
                                --------    --------     --------
  Total Revenue                   61,382      16,144       77,526
                                --------    --------     --------

Costs and Expenses:
Production expense                42,026      11,172       53,198
General and administrative
 to a related party               23,700       6,300       30,000
General and administrative         7,822       2,079        9,901
Depreciation, depletion
 and amortization                 23,983       1,531       25,514
                                --------    --------     --------
  Total Costs and Expenses        97,531      21,082      118,613
                                --------    --------     --------
  Net Income (Loss)         $    (36,149)     (4,938)  $  (41,087)
                                ========    ========     ========
Net Income (Loss) per
equity unit                 $     (3.91)
                               =========



See accompanying note to financial statements.


<PAGE> 10
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)

                                   Six Months Ending
                                     June 30, 1998

                               Limited      General
                               Partners     Partners        Total
Revenue:
Operating revenue           $    115,374      30,669  $   146,043
Interest income                      647          41          688
                                --------    --------     --------
  Total Revenue                  116,021      30,710      146,731
                                --------    --------     --------

Costs and Expenses:
Production expense                56,097      14,912       71,009
General and administrative
 to a related party               23,700       6,300       30,000
General and administrative         7,236       1,724        9,160
Depreciation, depletion
 and amortization                 23,633       1,509       25,142
                                --------    --------     --------
  Total Costs and Expenses       110,666      24,645      135,311
                                --------    --------     --------
  Net Income                $      5,355       6,065  $    11,420
                                ========    ========     ========

Net Income per equity unit  $        .58
                               =========



See accompanying note to financial statements.


<PAGE> 11
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)

                                  Three Months Ending
                                     June 30, 1999

                               Limited     General
                               Partners    Partners     Total
Revenue:
Operating revenue            $    26,875       7,145 $    34,020
Other revenue                      2,300         611       2,911
Interest income                      262          17         279
                                --------    --------     -------
  Total Revenue                   29,437       7,773      37,210
                                --------    --------     -------

Costs and Expenses:
Production expense                15,492       4,119      19,611
General and administrative
 to a related party               11,850       3,150      15,000
General and administrative         5,844       1,553       7,397
Depreciation, depletion
 and amortization                 11,991         766      12,757
                                --------    --------     -------
  Total Costs and Expenses        45,177       9,588      54,765
                                --------    --------     -------
  Net Income (Loss)          $   (15,740)     (1,815) $  (17,555)
                                ========    ========     =======
Net Income (Loss) per
equity unit                  $     (1.70)
                                ========



See accompanying note to financial  statements.

<PAGE> 12
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)

                                  Three Months Ending
                                     June 30, 1998

                               Limited     General
                               Partners    Partners     Total
Revenue:
Operating revenue            $    58,578      15,571 $    74,149
Interest income                      359          23         382
                                --------    --------     -------
  Total Revenue                   58,937      15,594      74,531
                                --------    --------     -------

Costs and Expenses:
Production expense                28,418       7,554      35,972
General and administrative
 to a related party               11,850       3,150      15,000
General and administrative         3,944       1,049       4,993
Depreciation, depletion
 and amortization                 11,816         755      12,571
                                --------    --------     -------
  Total Costs and Expenses        56,028      12,508 $    68,536
                                --------    --------     -------
  Net Income                 $     2,909       3,086       5,995
                                ========    ========     =======

Net Income per equity unit   $       .32
                                ========



See accompanying note to financial  statements.


<PAGE> 13
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
            Statement of Changes in Partners' Equity
                           (unaudited)

                                    Six Months Ended
                                     June 30, 1999


                               Limited        General
                               Partners       Partners     Total

Balance at beginning of
period                      $   1,033,627         1,845   $ 1,035,472
  Partners' Contribution                0           846           846
  Cash Distributions              (23,090)       (5,817)      (28,907)
  Net Income (Loss)               (36,149)       (4,938)      (41,087)
                                 --------     ---------      ---------
Balance at end of period    $     974,388        (8,064)  $   966,324
                                 ========     =========      =========

                                    Six Months Ended
                                     June 30, 1998


                               Limited       General
                               Partners      Partners     Total

Balance at beginning of
period                      $   1,049,271      (6,871) $   1,042,400
  Partners' Contribution                0       1,542          1,542
  Cash Distributions              (23,090)     (5,829)       (28,919)
  Net Income                        5,355       6,065         11,420
                                 --------    --------      ---------
Balance at end of period    $   1,031,536      (5,093) $   1,026,443
                                 ========    ========      =========


See accompanying note to financial statements.


<PAGE> 14
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
            Statement of Changes in Partners' Equity
                           (unaudited)

                                   Three Months Ended
                                     June 30, 1999


                             Limited        General
                             Partners       Partners      Total

Balance at beginning of
period                     $  1,013,218           (432)   $ 1,012,786
  Partners' Contribution              0              0              0
  Cash Distributions             (23,090)       (5,817)       (28,907)
  Net Income (Loss)              (15,740)       (1,815)       (17,555)
                               --------       --------     ----------
Balance at end of period   $    974,388         (8,064)   $   966,324
                               ========       ========     ==========

                                   Three Months Ended
                                     June 30, 1998


                             Limited        General
                             Partners       Partners      Total

Balance at beginning of
period                     $  1,051,717         (2,350)  $  1,049,367
  Partners' Contribution              0              0              0
  Cash Distributions             (23,090)       (5,529)       (28,919)
  Net Income                      2,909          3,086          5,995
                               --------       --------     ----------
Balance at end of period   $  1,031,536         (5,093)  $  1,026,443
                               ========       ========     ==========


See accompanying note to financial statements.


<PAGE> 15
                       STERLING DRILLING FUND 1984-1
                     (a New York Limited Partnership)
                          Statement of Cash Flows
                                (unaudited)

                                        Six months      Six months
                                          ended           ended
                                         June 30,        June 30,
                                           1999            1998

Net cash provided by (used in)
operating activities                 $      (10,427) $        3,519
                                       ------------     -----------

Cash flows from financing
activities:
  Partners' contributions                       846           1,542
  Distribution to partners                  (28,907)        (28,919)
                                       ------------      -----------
Net cash (used in) financing
activities                                 (28,061)         (27,377)
                                       ------------      -----------
Cash flows from investing
activities:
  Investments in wells and well
  Related facilities                              0            (530)
                                       ------------      -----------
Net cash (used by) investing
activities                                        0            (530)
                                        -----------      -----------
Net increase(decrease) in cash and
  cash equivalents                          (38,488)        (24,338)
Cash and cash equivalents at
  Beginning of period                        43,948          26,270
                                       ------------     -----------
Cash and cash equivalents at end of
period                               $        5,460  $        1,882
                                       ============     ===========




See accompanying note to financial statements.

<PAGE> 16
                  STERLING DRILLING FUND 1984-1
                (a New York limited partnership)

                  Note to Financial Statements

                          June 30, 1999



1.    The accompanying statements for the period ending June  30,

1999  are  unaudited  but  reflect all adjustments  necessary  to

present fairly the results of operations.