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, 1997

                                    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>
                             PART I
                                
Item 1.   Financial Statements

The following Financial Statements are filed herewith:

Balance Sheets - June 30, 1997 and December 31, 1996.

Statements of Operations for the Six and Three Months Ended June
30, 1997 and 1996.

Statements of Changes in Partners' Equity for the Six and Three
Months Ended June 30, 1997 and 1996.

Statements of Cash Flows for the Six Months Ended June 30, 1997
and 1996.

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,  1997,  the  General
Partners  have  distributed $1,685,570 or  18.25  %  of  original
Limited Partner capital contributions to the Limited Partners.

The  net  proved  oil  and gas reserves of  the  Partnership  are
considered  to  be a 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, 1996 was approximately   $986,500   as
compared  to $689,100  as of December 31, 1995. The increase   in
total  estimated discounted future net revenue was primarily  due
to  higher  year end gas prices as of December 31, 1996  compared
to  the  gas price  in effect as of December 31, 1995.    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

<PAGE>
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

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 increased from $123,645 in  1996  to  $
176,931 in 1997.  The Partnership enjoyed an increase in both gas
and  oil  production, from 41,877 MCF and 1,535 Bbls in  1996  to
43,918 MCF and  1,698 Bbls in 1997.  The Partnership was paid  an
average  price per mcf of 2.37 in 1996 and $ 3.07  in  1997.  The
average  price per barrel received was $17.44 in 1996 and  $18.78
in  1997. The combination of positive changes to  both production
and  pricing  resulted  in increased oil and  gas  revenue.   The
Partnership   may   participate  in  workovers  on   specifically
evaluated  wells. If the operator feels that additional  work  or
equipment is needed to maintain or increase production on a  well
then the appropriate funds are expended from operating cash flows
and  these costs may be capitalized or expensed depending on  the
appropriate criteria. Production expenses increased from  $60,004
in  1996 to $81,017 in 1997.  The Partnership's regular operating
expenses  will vary based upon the needs of the particular  wells
and  well  sites.  The current 1997 expenditures were  consistent
with  increased  production volumes, additional  costs  that  are
associated with the approach to the wells and related labor costs
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  1996  and  1997   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 1996 or during the first half  of
1997.   The  current depreciation was reasonable based  upon  the
current remaining basis in the Partnership properties.
<PAGE>

                             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>
                       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, 1997                     By: /S/ Charles E. Drimal Jr.
(Date)                             ---------------------------
                                   Charles E. Drimal, Jr.
                                  General Partner


<PAGE>

                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                         Balance Sheets
                                       June 30,      December 31,
                                         1997            1996
                                     (unaudited)       (audited)
Assets                                                            
Current Assets:                                                   
  Cash and cash equivalents        $      38,763    $     20,620
  Due from affiliates                          0           4,382
                                     -----------     ------------
      Total current assets                38,763          25,002
                                     -----------     ------------
                                                     
Oil and Gas properties -                             
successful efforts method:                           
  Leasehold costs                        323,260         323,260
  Well and related facilities          7,650,799       7,580,739
   less accumulated                                  
   depreciation, depletion and                       
   amortization                       (6,930,927)     (6,905,167)
                                     -----------     ------------
                                       1,043,132         998,832
                                     -----------     ------------
       Total assets                $   1,081,895     $ 1,023,834
                                     ============    ============
                                                     
Liabilities and Partners' Equity                     
 Current Liabilities:                                
   Due to affiliates               $       57,499  $            0
                                     ------------    ------------
       Total current liabilities           57,499               0
                                     ------------    ------------
 Partners' Equity                                    
   Limited partners                     1,040,229       1,043,772
   General partners                       (15,833)        (19,938)
                                      -----------     ------------
       Total partners' equity           1,024,396       1,023,834
                                      -----------     ------------
       Total liabilities and                         
         partners' equity          $    1,081,895     $ 1,023,834
                                      ===========     ============



See accompanying note to financial statements.


<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                   Six Months Ending
                                     June 30, 1997

                               Limited      General              
                               Partners     Partners        Total
Revenue:                                                
Operating revenue           $    139,775      37,156  $   176,931
Interest income                      974          62        1,036
                                --------    --------     --------
  Total Revenue                  140,749      37,218      177,967
                                --------    --------     --------
                                                                 
Costs and Expenses:                                              
Production expense                64,003      17,014       81,017
General and administrative                                       
 to a related party               23,700       6,300       30,000
General and administrative         9,285       2,468       11,753
Depreciation, depletion                                          
 and amortization                 24,214       1,546       25,760
                                --------    --------     --------
  Total Costs and Expenses       121,202      27,328      148,530
                                --------    --------     --------
  Net Income                $     19,547       9,890  $    29,437
                                ========    ========     ========
                                                                 
Net Income per equity unit  $       2.12                         
                               =========                



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                   Six Months Ending
                                     June 30, 1996

                               Limited      General              
                               Partners     Partners        Total
Revenue:                                                
Operating revenue           $     97,680 $    25,965  $   123,645
Interest income                      117           7          124
                                --------    --------     --------
  Total Revenue                   97,797      25,972      123,769
                                --------    --------     --------
                                                                 
Costs and Expenses:                                              
Production expense                47,435      12,609       60,004
General and administrative                                       
 to a related party               19,752       5,250       25,002
General and administrative         9,510       2,528       12,038
Depreciation, depletion                                          
 and amortization                 23,367       1,491       24,858
                                --------    --------     --------
  Total Costs and Expenses       100,064      21,878      121,942
                                --------    --------     --------
  Net Income(loss)          $     (2,267)  $   4,094  $     1,827
                                ========    ========     ========
Net Income(loss)                                                 
    per equity unit         $       (.25)                         
                               =========                



See accompanying note to financial  statements.


<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                  Three Months Ending
                                     June 30, 1997

                               Limited     General      
                               Partners    Partners     Total
Revenue:                                                
Operating revenue            $    68,003      18,078      86,081
Interest income                      606          39         645
                                --------    --------     -------
  Total Revenue                   68,609      18,117      86,726
                                --------    --------     -------
                                                                
Costs and Expenses:                                             
Production expense                30,513       8,111      38,624
General and administrative                                      
 to a related party               11,850       3,150      15,000
General and administrative         5,826       1,549       7,375
Depreciation, depletion                                         
 and amortization                 12,900         824      13,724
                                --------    --------     -------
  Total Costs and Expenses        61,089      13,634      74,723
                                --------    --------     -------
  Net Income                 $     7,520       4,483      12,003
                                ========    ========     =======
                                                                
Net Income per equity unit   $       .82
                                ========                        



See accompanying note to financial  statements.

<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                  Three Months Ending
                                     June 30, 1996

                               Limited     General      
                               Partners    Partners     Total
Revenue:                                                
Operating revenue            $    48,412 $    12,869  $   61,281
Interest income                       95           6         101
                                --------    --------     -------
  Total Revenue                   48,507      12,875      61,382
                                --------    --------     -------
                                                                
Costs and Expenses:                                             
Production expense                25,244       6,710      31,954
General and administrative                                      
 to a related party                9,876       2,625      12,501
General and administrative         5,957       1,583       7,540
Depreciation, depletion                                         
 and amortization                 11,761         750      12,511
                                --------    --------     -------
  Total Costs and Expenses        52,838      11,668      64,506
                                --------    --------     -------
  Net Income(loss)           $    (4,331) $    1,207  $   (3,124)
                                ========    ========     =======
Net Income(loss)                                                
    per equity unit          $      (.47)
                                ========                        



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
            Statement of Changes in Partners' Equity
                           (unaudited)
                                
                                    Six Months Ended
                                     June 30, 1997


                               Limited       General      
                               Partners      Partners     Total
                                                          
Balance at beginning of                                             
period                      $   1,043,772     (19,938)     1,023,834
  Partners' Contribution                0         204            204
  Cash Distributions              (23,090)     (5,989)       (29,079)
  Net Income                       19,547       9,890         29,437
                                 --------    --------      ---------
Balance at end of period    $   1,040,229     (15,833)     1,024,396
                                 ========    ========      =========
                                            
                                            
                                    Six Months Ended
                                     June 30, 1996

                               Limited       General       
                               Partners      Partners      Total
                                                           
Balance at beginning of                                              
period                      $   1,080,167  $   (20,084)  $   1,060,083
  Cash Distributions              (23,090)      (6,005)        (29,095)
  Net Income(Loss)                 (2,267)       4,094           1,827
                                 --------     --------      ---------
Balance at end of period    $   1,054,810  $   (21,995) $   1,032,815
                                 ========     ========      =========
                                


See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York Limited Partnership)
            Statement of Changes in Partners' Equity
                           (unaudited)
                                
                                   Three Months Ended
                                     June 30, 1997


                             Limited        General       
                             Partners       Partners      Total
                                                          
Balance at beginning of                                              
period                     $  1,055,799        (14,531)     1,041,268
  Partners' Contribution              0            204            204
  Cash Distributions            (23,090)        (5,989)       (29,079)
  Net Income                      7,520          4,483         12,003
                               --------       --------     ----------
Balance at end of period   $  1,040,229        (15,833)     1,024,396
                               ========       ========     ==========
                                           
                                           
                                  Three Months Ended
                                     June 30, 1996

                             Limited        General       
                             Partners       Partners      Total
                                                          
Balance at beginning of                                              
period                     $  1,082,231  $    (17,197)  $   1,065,034
  Cash Distributions           (23,090)        (6,005)       (29,095)
  Net Income(Loss)              (4,331)          1,207        (3,124)
                               --------       --------     ----------
Balance at end of period   $  1,054,810  $    (21,995)  $   1,032,815
                               ========       ========     ==========



See accompanying note to financial statements.

<PAGE>
                       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,
                                           1997            1996
                                                       
Net cash provided by operating                                      
activities                           $      117,078  $        48,514
                                       ------------     ------------
                                                                    
Cash flows from financing                                           
activities:
  Partners' contributions                       204                0
  Distribution to partners                  (29,079)         (29,095)
                                       ------------     ------------
Net cash used in financing                                          
activities                                  (28,875)         (29,095)
                                       ------------     ------------
Cash flows from investing                                           
activities:
  Investments in wells and well                                     
  related facilities                        (70,060)          (9,106)
                                       ------------     ------------
Net cash used by investing                                          
activities                                  (70,060)          (9,106)
                                                                    
Net increase(decrease) in cash and                                  
  cash equivalents                           18,143           10,313
Cash and cash equivalents at                                        
  beginning of period                        20,620            1,401
                                       ------------     ------------
Cash and cash equivalents at end of                                 
period                               $       38,763  $        11,714
                                       ============     ============
                                                       



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-1
                (a New York limited partnership)
                                
                  Note to Financial Statements
                                
                          June 30, 1997
                                
                                
                                
1.    The accompanying statements for the period ending June  30,

1997  are  unaudited  but  reflect all adjustments  necessary  to

present fairly the results of operations.