<PAGE>

                  SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549


                               FORM 10-Q


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



     For the quarter ended             Commission File Number
      September 30, 1996                2-92702    (1985-1)
                                        2-92702-01 (1985-2)


                    DYCO 1985 OIL AND GAS PROGRAMS
                      (TWO LIMITED PARTNERSHIPS)
         (Exact Name of Registrant as specified in its charter)


                                         41-1498087 (1985-1) 
           Minnesota                     41-1498086 (1985-2) 
   (State or other jurisdiction     (I.R.S. Employer Identification
       of incorporation or                     Number)
        organization)




    Samson Plaza, Two West Second Street, Tulsa, Oklahoma     74103
    ---------------------------------------------------------------   
 (Address of principal executive offices)             (Zip Code)



                            (918) 583-1791
          ----------------------------------------------------
          (Registrant's telephone number, including area code)



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>
<PAGE>
                    PART I.  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

          DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                            BALANCE SHEETS
                              (Unaudited)

                                ASSETS
                                      September 30, December 31,
                                          1996          1995
                                      ------------  ------------

CURRENT ASSETS:
  Cash and cash equivalents               $ 33,848      $ 58,496
  Accrued oil and gas sales, including
   $28,938 due from related parties
   in 1995 (Note 2)                         53,636        62,222
                                          --------      --------
     Total current assets                 $ 87,484      $120,718

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                     165,303       203,770

DEFERRED CHARGE                              4,741         4,741
                                          --------      --------
                                          $257,528      $329,229
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $  5,760      $  9,953
                                          --------      --------
     Total current liabilities            $  5,760      $  9,953

ACCRUED LIABILITY                           28,432        28,432

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 41 units                     2,233         2,908
  Limited Partners, issued and
   outstanding, 4,100 units                221,103       287,936
                                          --------      --------
     Total Partners' capital              $223,336      $290,844
                                          --------      --------
                                          $257,528      $329,229
                                          ========      ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -2-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
        FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)


                                          1996          1995
                                        --------      ---------

REVENUES:
  Oil and gas sales, including
   $52,305 of sales to related
   parties in 1995 (Note 2)             $107,842      $ 79,977
  Interest                                   810           981
                                        --------      --------
                                        $108,652      $ 80,958

COST AND EXPENSES:
  Oil and gas production                $ 25,701      $ 37,899
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             15,730        24,304
  Impairment provision (Note 1)              -          45,262
  General and administrative (Note 2)     12,308        11,963
                                        --------      --------
                                        $ 53,739      $119,428
                                        --------      --------

NET INCOME (LOSS)                       $ 54,913     ($ 38,470)
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income (loss)                         $    549     ($    385)
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income (loss)                         $ 54,364     ($ 38,085)
                                        ========      ========
NET INCOME (LOSS) PER UNIT              $  13.26     ($   9.20)
                                        ========      ========
UNITS OUTSTANDING                          4,141         4,141
                                        ========      ========


               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -3-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)


                                           1996         1995
                                         --------     --------

REVENUES:
  Oil and gas sales, including
   $176,286 of sales to related
   parties in 1995 (Note 2)              $274,903     $312,626
  Interest                                  1,715        2,178
                                         --------     --------
                                         $276,618     $314,804

COST AND EXPENSES:
  Oil and gas production                 $ 75,160     $114,750
  Depreciation, depletion, and
   amortization of oil and gas
   properties                              39,267       92,038
  Impairment provision (Note 1)               -         45,262
  General and administrative (Note 2)      43,354       43,454
                                         --------     --------
                                         $157,781     $295,504
                                         --------     --------

NET INCOME                               $118,837     $ 19,300 
                                         ========     ========
GENERAL PARTNER (1%) - net 
  income                                 $  1,188     $    193 
                                         ========     ========
LIMITED PARTNERS (99%) - net
  income                                 $117,649     $ 19,107 
                                         ========     ========
NET INCOME PER UNIT                      $  28.70     $   4.61 
                                         ========     ========
UNITS OUTSTANDING                           4,141        4,141
                                         ========     ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -4-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                       STATEMENTS OF CASH FLOWS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)

                                          1996          1995
                                        ---------     ---------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                            $118,837      $ 19,300 
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                           39,267        92,038
   Impairment provision                      -          45,262
   Decrease (increase) in accrued oil
     and gas sales                         8,586     (  21,496)
   Decrease in accounts payable        (   4,193)    (     437)
                                        --------      -------- 
   Net cash provided by operating
     activities                         $162,497      $134,667
                                        --------      --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to oil and gas properties  ($  1,706)    ($ 27,440)
  Retirements of oil and gas
   properties                                906           -
                                        --------      --------
   Net cash used by investing 
     activities                        ($    800)    ($ 27,440)
                                        --------      --------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash distributions                   ($186,345)    ($124,230)
                                        --------      --------
   Net cash used by financing
     activities                        ($186,345)    ($124,230)
                                        --------      --------

NET DECREASE IN CASH AND CASH
  EQUIVALENTS                          ($ 24,648)    ($ 17,003) 

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                     58,496        39,697 
                                        --------      --------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                         $ 33,848      $ 22,694
                                        ========      ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -5-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                            BALANCE SHEETS
                              (Unaudited)

                                ASSETS
                                      September 30,  December 31,
                                          1996          1995
                                      -------------  ------------

CURRENT ASSETS:
  Cash and cash equivalents               $ 57,607      $154,512
  Accrued oil and gas sales, including
   $12,336 due from related parties
   in 1995 (Note 2)                         30,978        41,489
                                          --------      --------
     Total current assets                 $ 88,585      $196,001

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                      66,972        82,060

DEFERRED CHARGE                             28,337        28,337
                                          --------      --------
                                          $183,894      $306,398
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $  6,441      $  9,025
                                          --------      --------
     Total current liabilities            $  6,441      $  9,025

ACCRUED LIABILITY                           10,114        10,114

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 44 units                     1,673         2,872 
  Limited Partners, issued and
   outstanding, 4,330 units                165,666       284,387
                                          --------      --------
     Total Partners' capital              $167,339      $287,259
                                          --------      --------
                                          $183,894      $306,398
                                          ========      ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -6-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
        FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)


                                          1996          1995
                                        --------      --------

REVENUES:
  Oil and gas sales, including
   $16,127 of sales to related
   parties in 1995 (Note 2)              $55,749       $78,684
  Interest                                   301           393
                                         -------       -------
                                         $56,050       $79,077

COST AND EXPENSES:
  Oil and gas production                 $26,146       $35,625
  Depreciation, depletion, and
   amortization of oil and gas
   properties                              4,422        22,870
  General and administrative (Note 2)     11,753        11,381
                                         -------       -------
                                         $42,321       $69,876
                                         -------       -------

NET INCOME                               $13,729       $ 9,201 
                                         =======       =======
GENERAL PARTNER (1%) - net        
  income                                 $   137       $    92 
                                         =======       =======
LIMITED PARTNERS (99%) - net
  income                                 $13,592       $ 9,109 
                                         =======       =======
NET INCOME PER UNIT                      $  3.14       $  2.08 
                                         =======       =======
UNITS OUTSTANDING                          4,374         4,374
                                         =======       =======

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -7-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)


                                           1996         1995
                                        ---------    ---------

REVENUES:
  Oil and gas sales, including
   $54,295 of sales to related
   parties in 1995 (Note 2)              $160,958     $209,291
  Interest                                  1,543          452
                                         --------     --------
                                         $162,501     $209,743

COST AND EXPENSES:
  Oil and gas production                 $ 72,182     $ 97,036
  Depreciation, depletion, and
   amortization of oil and gas
   properties                              15,156       58,797
  General and administrative (Note 2)      41,993       42,519
                                         --------     --------
                                         $129,331     $198,352
                                         --------     --------

NET INCOME                               $ 33,170     $ 11,391 
                                         ========     ========
GENERAL PARTNER (1%) - net 
  income                                 $    332     $    114 
                                         ========     ========
LIMITED PARTNERS (99%) - net
  income                                 $ 32,838     $ 11,277 
                                         ========     ========
NET INCOME PER UNIT                      $   7.58     $   2.58 
                                         ========     ========
UNITS OUTSTANDING                           4,374        4,374
                                         ========     ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -8-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                       STATEMENTS OF CASH FLOWS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)

                                           1996         1995
                                         ---------    ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                             $ 33,170      $11,391 
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                            15,156       58,797
   Decrease (increase) in accrued oil
     and gas sales                         10,511     ( 13,500)
   Decrease in accounts payable         (   2,584)    (  1,214) 
                                         --------      ------- 
   Net cash provided by operating
     activities                          $ 56,253      $55,474
                                         --------      -------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to oil and gas properties   ($  7,716)     $   -
  Retirements of oil and gas
    properties                              7,648        4,926
                                         --------      -------
   Net cash provided (used) by  
     investing activities               ($     68)     $ 4,926
                                         --------      -------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash distributions                    ($153,090)     $   -
                                         --------      -------
   Net cash used by financing
     activities                         ($153,090)     $   -
                                         --------      -------

NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                      ($ 96,905)     $60,400

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                     154,512        5,733
                                         --------      -------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                          $ 57,607      $66,133
                                         ========      =======

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -9-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
          DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
               CONDENSED NOTES TO FINANCIAL STATEMENTS 
                          SEPTEMBER 30, 1996
                              (Unaudited)

1.   ACCOUNTING POLICIES
     -------------------

     The  balance  sheets  as of  September  30,  1996, statements  of
     operations for the three and nine months ended September 30, 1996
     and 1995, and statements of cash flows for the nine  months ended
     September  30, 1996 and 1995 have been prepared by Dyco Petroleum
     Corporation ("Dyco"), the General Partner of the Dyco Oil and Gas
     Program 1985-1 and 1985-2 Limited Partnerships (individually, the
     "1985-1 Program" or the "1985-2 Program", as the case may be, or,
     collectively, the  "Programs"), without audit.  In the opinion of
     management all adjustments  (which include only normal  recurring
     adjustments) necessary to present  fairly the financial  position
     at  September 30, 1996, results  of operations for  the three and
     nine months ended September 30, 1996 and 1995 and changes in cash
     flows for the nine months ended September 30,  1996 and 1995 have
     been made.

     Information  and  footnote   disclosures  normally  included   in
     financial  statements  prepared   in  accordance  with  generally
     accepted  accounting principles have  been condensed  or omitted.
     It  is  suggested  that these  financial  statements  be read  in
     conjunction  with  the  financial  statements  and  notes thereto
     included  in the   Programs' Annual  Report on Form  10-K for the
     year ended December 31,  1995.  The results of operations for the
     period ended September 30, 1996 are not necessarily indicative of
     the results to be expected for the full year.  

     The limited partners' net  income or loss per unit  is based upon
     each $5,000 initial capital contribution.

     OIL AND GAS PROPERTIES
     ----------------------

     Oil  and gas  operations are  accounted for  using the  full cost
     method of  accounting.   All productive and  non-productive costs
     associated with  the acquisition, exploration  and development of
     oil  and  gas  reserves  are  capitalized.    In  the  event  the
     unamortized  cost  of  oil  and gas  properties  being  amortized
     exceeds the full cost  ceiling (as defined by the  Securities and
     Exchange Commission),  the excess is  charged to  expense in  the
     period during which such  excess occurs.  At September  30, 1995,
     the  unamortized cost of oil and gas properties exceeded the full
     cost  ceiling by $45,262 on the  1985-1 Program.  This excess was
     charged  to  expense  during  the  three  and nine  months  ended
     September 30, 1995.   No such  impairment provision was  incurred
     during the three or  nine months ended September 30, 1996.  Sales
     and abandonments  of properties are accounted  for as adjustments
     of capitalized costs with no gain or loss recognized, unless such
     adjustments  would significantly  alter the  relationship between
     capitalized costs and proved oil and gas reserves.

     The  provision for  depreciation, depletion, and  amortization of
     oil and gas properties is calculated by  dividing the oil and gas
     sales  dollars  during the  year  by the  estimated  future gross

                                 -10-
<PAGE>
<PAGE>
     income from the oil and gas properties and applying the resulting
     rate  to the net remaining  costs of oil  and gas properties that
     have been capitalized, plus estimated future development costs.


2.   TRANSACTIONS WITH RELATED PARTIES
     ---------------------------------

     Under the terms  of each of the  Program's partnership agreement,
     Dyco  is  entitled  to receive  a  reimbursement  for all  direct
     expenses   and  general   and   administrative,  geological   and
     engineering  expenses it incurs on behalf of the Program.  During
     the three months  ended September  30, 1996 and  1995 the  1985-1
     Program  incurred such  expenses  totaling  $12,308 and  $11,963,
     respectively,  of which $10,710  and $10,710  were paid  to Dyco.
     During  the nine  months ended  September 30,  1996 and  1995 the
     1985-1  Program  incurred  such  expenses  totaling  $43,354  and
     $43,454, respectively, of which $32,130  and $32,130 were paid to
     Dyco.   During the three months ended September 30, 1996 and 1995
     the 1985-2  Program incurred  such expenses totaling  $11,753 and
     $11,381,  respectively, of which $10,068 and $10,068 were paid to
     Dyco.  During the nine  months ended September 30, 1996 and  1995
     the 1985-2  Program incurred  such expenses totaling  $41,993 and
     $42,519, respectively, of which $30,204 and $30,204  were paid to
     Dyco.

     Affiliates of the  Program are  the operators of  certain of  the
     Programs' properties and their policy is to bill the Programs for
     all  customary charges  and  cost reimbursements  associated with
     their  activities,   together   with  any   compressor   rentals,
     consulting, or other services provided.

     The Programs sold  gas at  market prices to  Premier Gas  Company
     ("Premier")  and Premier then resold such gas to third parties at
     market  prices.  Premier was  an affiliate of  the Programs until
     December  6, 1995.  During  the three months  ended September 30,
     1995  these sales for the 1985-1 Program totaled $52,305.  During
     the  nine months  ended September  30, 1995  these sales  for the
     1985-1 Program totaled  $176,286.  At December 31,  1995, accrued
     gas sales  for  the  1985-1 Program  included  $28,938  due  from
     Premier.   During the three months ended September 30, 1995 these
     sales  for the 1985-2 Program  totaled $16,127.   During the nine
     months  ended September  30,  1995  these  sales for  the  1985-2
     Program totaled $54,295.  At December 31, 1995, accrued gas sales
     for the 1985-2 Program included $12,336 due from Premier.


                                 -11-
<PAGE>
<PAGE>
ITEM 2.   MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS


LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

     Net  proceeds  from  the  Programs'  operations  less   necessary
     operating  capital are  distributed to  investors on  a quarterly
     basis.   The net proceeds  from production are  not reinvested in
     productive assets, except to the extent that producing  wells are
     improved or where  methods are employed to permit  more efficient
     recovery of  the  Programs'  reserves which  would  result  in  a
     positive  economic impact.    Over the  last  several years,  the
     domestic  energy industry  and the  Programs have  contended with
     volatile, but generally low,  oil and gas prices.  Over  the past
     few years,  the oil and  gas market  appears to  have moved  from
     periods  of relative  stability in  supply and  demand to  excess
     supply  or weakened  demand.    These  trends  have  led  to  the
     volatility in pricing and demand noted over the past years.

     The Programs' available capital from subscriptions has been spent
     on  oil and  gas drilling activities.   There  should not  be any
     further material capital resource commitments in the future.  The
     Programs  have no  bank debt commitments.   Cash  for operational
     purposes will be provided by current oil and gas production.

RESULTS OF OPERATIONS
---------------------

     1985-1 PROGRAM 

     THREE  MONTHS ENDED SEPTEMBER 30,  1996 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                   Three months ended September 30,
                                   --------------------------------
                                           1996           1995
                                         --------        -------
      Oil and gas sales                  $107,842        $79,977
      Oil and gas production expenses    $ 25,701        $37,899
      Barrels produced                        107          1,013
      Mcf produced                         55,644         50,853
      Average price/Bbl                  $  21.80        $ 17.30
      Average price/Mcf                  $   1.96        $  1.23

     As shown in  the table above, oil and gas sales increased $27,865
     (34.8%) for the three months ended September 30, 1996 as compared
     to the three months ended September 30,  1995.  Of this increase,
     $41,682 was related to the increases in the average  price of oil
     and natural gas sold  and $9,390 was  related to the increase  in
     the  volumes of natural gas  sold, partially offset  by a $19,751
     decrease  related to  the decrease  in the  volumes of  oil sold.
     Volumes  of oil sold decreased  by 906 barrels,  while volumes of
     natural  gas sold  increased by  4,791 Mcf  for the  three months
     ended  September 30, 1996 as  compared to the  three months ended
     September 30, 1995.  The decrease in volumes of oil sold resulted
     primarily from the sale of one well during the three months ended
     September 30, 1995.  Average oil and natural gas prices increased
     to $21.80 per  barrel and  $1.96 per Mcf,  respectively, for  the
     three  months ended September 30, 1996 from $17.30 per barrel and

                                 -12-
<PAGE>
<PAGE>
     $1.23 per Mcf, respectively, for the three months ended September
     30, 1995.     

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and  production taxes)  decreased $12,198 for  the three
     months ended September 30,  1996 as compared to the  three months
     ended September 31, 1995.  This decrease resulted primarily  from
     (i) the sale of two wells during the three months ended September
     30, 1995 and (ii) reduced compression expenses on two other wells
     during the three months  ended September 30, 1996 as  compared to
     the  three months ended  September 30, 1995.   As a percentage of
     oil  and gas  sales, these  expenses decreased  to 23.8%  for the
     three  months ended September 30,  1996 from 47.4%  for the three
     months ended  September 31, 1995.   This percentage  decrease was
     primarily due to  the increases in the average prices  of oil and
     natural gas sold during the three months ended September 30, 1996
     as compared to the three months ended September 30, 1995.

     Depreciation,  depletion,  and  amortization   of  oil  and   gas
     properties decreased $8,574 for  the three months ended September
     30,  1996 as  compared to  the three  months ended  September 30,
     1995.    This decrease  was primarily  due  to (i)  an impairment
     provision for  oil and  gas properties  recorded during  the last
     half of 1995 which decreased the amortizable capitalized costs of
     the  oil and  gas properties, (ii)  upward revisions  of previous
     reserve estimates at December 31, 1995, and (iii) the decrease in
     volumes of oil sold.  As a percentage of oil and gas sales,  this
     expense decreased to 14.6%  for the three months  ended September
     30,  1996 from 30.4%   for the  three months ended  September 30,
     1995.  This percentage decrease was primarily due to the decrease
     in  depreciation,  depletion, and  amortization  of  oil and  gas
     properties due to  the upward revisions of  reserve estimates and
     the impairment provision discussed above and the increases in the
     average  prices  of oil  and natural  gas  sold during  the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.

     As a result  of declines in natural  gas prices during the  three
     months ended September  30, 1995 the 1985-1 Program  recognized a
     non-cash  charge against  earnings  of $45,262  during the  three
     months ended September  30, 1995.  This  impairment provision for
     oil and gas properties at September 30, 1995 was necessary due to
     the  unamortized costs  of oil and  gas properties  exceeding the
     present value of the  estimated future net revenues from  the oil
     and gas properties.   No similar charge was necessary  during the
     three months ended September 30, 1996.

     General and administrative expenses  increased $345 for the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  This increase was primarily  due to an
     increase  in  professional fees  during  the  three months  ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30, 1995.  As a  percentage of oil and gas sales, these
     expenses decreased to 11.4% for  the three months ended September
     30,  1996 from  15.0% for  the three  months ended  September 30,
     1995.    This  percentage  decrease  was  primarily  due  to  the
     increases  in the average prices  of oil and  gas sold during the
     three  months ended September 30,  1996 as compared  to the three
     months ended September 30, 1995.

                                 -13-
<PAGE>
<PAGE>
     NINE  MONTHS ENDED  SEPTEMBER 30,  1996 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                    Nine months ended September 30,
                                    -------------------------------
                                          1996            1995
                                        --------        --------
      Oil and gas sales                 $274,903        $312,626
      Oil and gas production expenses   $ 75,160        $114,750
      Barrels produced                       219           4,943
      Mcf produced                       142,725         169,487
      Average price/Bbl                 $  21.21        $  18.88
      Average price/Mcf                 $   1.92        $   1.29

     As shown in the table above, oil  and gas sales decreased $37,723
     (12.1%)  for the nine months ended September 30, 1996 as compared
     to the nine  months ended September 30, 1995.   Of this decrease,
     $151,579 was related to the  decreases in the volumes of  oil and
     natural gas sold, partially offset by a $118,294 increase related
     to the  increases in  the average  price of  oil and  natural gas
     sold.   Volumes of  oil and natural  gas sold  decreased by 4,724
     barrels and 26,762  Mcf, respectively, for the  nine months ended
     September 30, 1996 as compared to the nine months ended September
     30, 1995.  The decrease in volumes of oil sold resulted primarily
     from the sale of two wells during the nine months ended September
     30, 1995.   The decrease in  the volumes of natural  gas sold was
     primarily due to normal declines in  production due to diminished
     natural gas reserves for the nine months ended September 30, 1996
     as  compared  to  the  nine  months  ended  September  30,  1995,
     partially  offset  by a  prior  period  adjustment  made  by  the
     purchaser  on one well during the nine months ended September 30,
     1995.  Average oil and natural gas prices increased to $21.21 per
     barrel and $1.92 per Mcf, respectively, for the nine months ended
     September  30,   1996  from  $18.88  per  barrel  and  $1.29  per
     Mcf,respectively, for the nine months ended September 30, 1995.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $39,590 for  the nine
     months  ended September 30, 1996  as compared to  the nine months
     ended September 30, 1995.  This decrease was primarily due to (i)
     the sale of two  wells during the nine months ended September 30,
     1995, (ii) the  abandonment of  one well during  the nine  months
     ended  September   30,  1995,   and  (iii)  surface   repair  and
     compression expenses incurred on one  well during the nine months
     ended September 30, 1995.  As a percentage of oil  and gas sales,
     these  expenses decreased  to  27.3% for  the  nine months  ended
     September 30, 1996 from 36.7% for the nine months ended September
     30,  1995.   This percentage  decrease was  primarily due  to the
     increases  in  the average  prices of  oil  and natural  gas sold
     during  the nine months ended  September 30, 1996  as compared to
     the nine months ended September 30, 1995.

     Depreciation,  depletion,  and  amortization   of  oil  and   gas
     properties decreased $52,771 for  the nine months ended September
     30, 1996 as compared to the nine months ended September 30, 1995.
     This  decrease was primarily  due to (i)  an impairment provision
     for oil and  gas properties recorded during the last half of 1995
     which decreased the amortizable capitalized  costs of the oil and
     gas  properties,  (ii)  upward  revisions   of  previous  reserve
     estimates at December 31, 1995, and (iii) the decrease in volumes

                                 -14-
<PAGE>
<PAGE>
     of oil and  natural gas  sold.  As  a percentage  of oil and  gas
     sales,  this expense decreased to 14.3% for the nine months ended
     September 30, 1996 from 29.4% for the nine months ended September
     30,  1995.   This percentage  decrease was  primarily due  to the
     decrease in depreciation, depletion,  and amortization of oil and
     gas  properties due to  the upward revisions  of previous reserve
     estimates and  the impairment  provision discussed above  and the
     increases  in  the average  prices of  oil  and natural  gas sold
     during  the nine months ended  September 30, 1996  as compared to
     the nine months ended September 30, 1995.

     As a result  of declines in  natural gas prices  during the  nine
     months  ended September 30, 1995  the 1985-1 Program recognized a
     non-cash  charge  against earnings  of  $45,262  during the  nine
     months ended September 30, 1995.   This impairment provision  for
     oil and gas properties at September 30, 1995 was necessary due to
     the  unamortized costs  of oil  and gas properties  exceeding the
     present value of the  estimated future net revenues from  the oil
     and gas properties.   No similar charge was necessary  during the
     nine months ended September 30, 1996.

     General  and administrative expenses remained relatively constant
     for the  nine months ended September 30,  1996 as compared to the
     nine months ended September 30, 1995.  As a percentage of oil and
     gas  sales, these expenses increased to 15.8% for the nine months
     ended September 30,  1996 from  13.9% for the  nine months  ended
     September 30, 1995.   This percentage increase  was primarily due
     to  the decreases  in  the volumes  of oil  and natural  gas sold
     during  the nine months ended  September 30, 1996  as compared to
     the nine months ended September 30, 1995.

     1985-2 PROGRAM  

     THREE  MONTHS ENDED SEPTEMBER 30,  1996 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                   Three months ended September 30,
                                   --------------------------------
                                          1996            1995
                                         -------         -------
      Oil and gas sales                  $55,749         $78,684
      Oil and gas production expenses    $26,146         $35,625
      Barrels produced                       761           2,136
      Mcf produced                        16,744          38,459
      Average price/Bbl                  $ 22.82         $ 17.31
      Average price/Mcf                  $  2.29         $  1.08
 
     As shown in the table above,  oil and gas sales decreased $22,935
     (29.1%) for the three months ended September 30, 1996 as compared
     to the three months ended September 30, 1995.   Of this decrease,
     $81,105 was related to  the decreases in  the volumes of oil  and
     natural gas sold, partially offset by a $58,304 increase  related
     to the increases  in the  average prices of  oil and natural  gas
     sold.   Volumes of oil  and natural  gas sold decreased  by 1,375
     barrels and 21,715 Mcf, respectively, for  the three months ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September  30, 1995.   The  decrease in volumes  of oil  sold was
     primarily due to  (i) the sale of  several wells during  1995 and
     (ii) normal  declines in production from  diminished oil reserves
     on two wells during the three months  ended September 30, 1996 as
     compared  to  the three  months ended  September  30, 1995.   The

                                 -15-
<PAGE>
<PAGE>
     decrease in volumes of natural gas sold  was primarily due to (i)
     downward prior period volume adjustments made by the purchaser on
     one well during  the three  months ended September  30, 1996  and
     (ii)  a positive prior period adjustment made by the purchaser on
     another well  during the three  months ended September  30, 1995.
     Average oil and natural gas prices increased to $22.82 per barrel
     and  $2.29  per Mcf,  respectively,  for the  three  months ended
     September  30, 1996   from $17.31  per barrel and  $1.08 per Mcf,
     respectively, for the three months ended September 30, 1995.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $9,479 for  the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  This decrease was primarily due to (i)
     the sale  of several wells during 1995 and (ii) a decrease in the
     volumes of oil and natural gas sold during the three months ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30,  1995.  As a percentage of oil and gas sales, these
     expenses  remained relatively  constant  at 46.9%  for the  three
     months  ended September  30, 1996  as compared  to 45.3%  for the
     three months ended September 30, 1995.
   
     Depreciation,  depletion,   and  amortization  of  oil   and  gas
     properties decreased $18,448 for the three months ended September
     30,  1996 as  compared to  the three  months ended  September 30,
     1995.  This decrease was primarily due to (i) the sale of several
     wells during  1995  which decreased  the amortizable  capitalized
     costs of  the oil and  gas properties, (ii)   upward revisions of
     previous  reserve  estimates  at  December 31,  1995,  and  (iii)
     decreases  in the  volumes of  oil and  natural gas  sold.   As a
     percentage of oil and  gas sales, this expense decreased  to 7.9%
     for the three months ended September  30, 1996 from 29.1% for the
     three months ended September 30, 1995.   This percentage decrease
     was primarily due to the decrease in depreciation, depletion, and
     amortization  of  oil  and  gas  properties  due  to  the  upward
     revisions of  previous reserve estimates discussed  above and the
     increases  in  the average  prices of  oil  and natural  gas sold
     during the three months  ended September 30, 1996 as  compared to
     the three months ended September 30, 1995.

     General and administrative expenses  increased $372 for the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  This  increase was primarily due to an
     increase  in  professional fees  during  the  three months  ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30, 1995.  As a percentage of oil and  gas sales, these
     expenses increased to 21.1% for the three months  ended September
     30,  1996 from  14.5% for  the three  months ended  September 30,
     1995.  This  percentage increase  was primarily a  result of  the
     decreases  in the volumes of oil  and natural gas sold during the
     three  months ended September 30,  1996 as compared  to the three
     months ended September 30, 1995.

                                 -16-
<PAGE>
<PAGE>
     NINE  MONTHS ENDED  SEPTEMBER 30,  1996 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                    Nine months ended September 30,
                                    -------------------------------
                                          1996            1995
                                        --------        --------
      Oil and gas sales                 $160,958        $209,291
      Oil and gas production expenses   $ 72,182        $ 97,036
      Barrels produced                     3,005           6,204
      Mcf produced                        50,863          83,284
      Average price/Bbl                 $  19.70        $  17.52
      Average price/Mcf                 $   2.00        $   1.21

     As shown in the table above, oil  and gas sales decreased $48,333
     (23.1%)  for the nine months ended September 30, 1996 as compared
     to the nine  months ended September 30, 1995.   Of this decrease,
     $127,862 was related to the  decreases in the volumes of  oil and
     natural gas sold, partially offset by a $79,319  increase related
     to the  increases in the  average prices  of oil and  natural gas
     sold.   Volumes of  oil and natural  gas sold  decreased by 3,199
     barrels and 32,421  Mcf, respectively, for the  nine months ended
     September 30, 1996 as compared to the nine months ended September
     30, 1995.  The decrease in volumes of oil sold resulted primarily
     from (i)  the sale of several  wells during 1995 and  (ii) normal
     declines in  production from  diminished oil reserves  during the
     nine  months ended  September 30,  1996 as  compared to  the nine
     months ended September 30, 1995.  The decrease in the volumes  of
     natural  gas sold  was primarily due  to (i) the  sale of several
     wells  during 1995,  (ii) normal  declines in  production  due to
     diminished  natural  gas reserves,  (iii)  downward  prior period
     volume adjustments made by  the purchaser on one well  during the
     nine  months ended  September 30, 1996,  and (iv)  positive prior
     period volume adjustments made  by the purchaser on another  well
     during the nine months ended September 30, 1995.  Average oil and
     natural gas prices increased  to $19.70 per barrel and  $2.00 per
     Mcf,  respectively, for the nine months  ended September 30, 1996
     from $17.52 per barrel  and $1.21 per Mcf, respectively,  for the
     nine months ended September 30, 1995.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $24,854 for  the nine
     months  ended September 30, 1996  as compared to  the nine months
     ended September 30, 1995.  This decrease was primarily due to (i)
     the sale of several wells during 1995 and (ii) a  decrease in the
     volumes of oil  and natural gas sold during the nine months ended
     September 30, 1996 as compared to the nine months ended September
     30,  1995.  As a percentage of  oil and gas sales, these expenses
     decreased  to 44.8% for the nine months ended  September 30, 1996
     from 46.4% for the  nine months ended  September 30, 1995.   This
     percentage  decrease was  primarily due to  the increases  in the
     average prices of oil and natural gas sold during the nine months
     ended September 30,  1996 as  compared to the  nine months  ended
     September 30, 1995.

     Depreciation,  depletion,   and  amortization  of   oil  and  gas
     properties decreased $43,641 for  the nine months ended September
     30, 1996 as compared to the nine months ended September 30, 1995.
     This decrease was primarily due to (i)  the sale of several wells
     during 1995 which decreased  the amortizable capitalized costs of

                                 -17-
<PAGE>
<PAGE>
     the oil and  gas properties,  (ii) upward  revisions of  previous
     reserve estimates  at December 31,  1995, and (iii)  decreases in
     volumes of oil and natural gas sold.  As a  percentage of oil and
     gas sales, this  expense decreased  to 9.4% for  the nine  months
     ended September 30,  1996 from  28.1% for the  nine months  ended
     September 30, 1995.  This  percentage decrease was primarily  due
     to the  decrease in depreciation, depletion,  and amortization of
     oil  and gas properties due  to the upward  revisions of previous
     reserve  estimates  discussed  above  and the  increases  in  the
     average prices of oil and natural gas sold during the nine months
     ended September 30,  1996 as  compared to the  nine months  ended
     September 30, 1995.

     General and administrative  expenses remained relatively constant
     for the nine  months ended September 30, 1996 as  compared to the
     nine months ended September 30, 1995.  As a percentage of oil and
     gas  sales, these expenses increased to 26.1% for the nine months
     ended September 30,  1996 from  20.3% for the  nine months  ended
     September 30, 1995.   This percentage increase was  primarily due
     to  the decreases  in the  volumes of  oil and  natural  gas sold
     during  the nine months ended  September 30, 1996  as compared to
     the nine months ended September 30, 1995.

                                 -18-
<PAGE>
<PAGE>
                      PART II:  OTHER INFORMATION


ITEM 5. OTHER INFORMATION

     On  October 1, 1996,  Drew Phillips  resigned as  Chief Financial
     Officer  of  Dyco.    Mr.  Phillips  continues  to  serve  as  an
     accounting officer of affiliates of Dyco.

     On October 1, 1996,  Patrick M. Hall was elected  Chief Financial
     Officer  of   Dyco.    Mr.   Hall  joined   affiliates  of   Dyco
     (collectively, the "Samson Companies") in 1983.  Prior to joining
     the Samson Companies he was a senior accountant with Peat Marwick
     Main & Co. in  Tulsa.  He holds a  Bachelor of Science degree  in
     accounting  from Oklahoma  State  University and  is a  Certified
     Public  Accountant.   Mr. Hall  is also  Senior Vice  President -
     Controller of Samson Investment Company.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits:

          27.1      Financial   Data   Schedule   containing   summary
                    financial  information  extracted from  the 1985-1
                    Program's financial statements as of September 30,
                    1996 and  for the nine months  ended September 30,
                    1996, filed herewith.

          27.2      Financial   Data   Schedule   containing   summary
                    financial  information  extracted from  the 1985-2
                    Program's financial statements as of September 30,
                    1996 and  for the nine months  ended September 30,
                    1996, filed herewith.

                    All other exhibits are omitted as inapplicable.

     (b)  Reports on Form 8-K

          Current Reports on  Form 8-K filed  during third quarter  of
          1996:

          Date of event:           July 1, 1996
          Date filed with SEC:     July 8, 1996
          Item Included:
               Item 5 - Other Events


                                 -19-
<PAGE>
<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.


                         DYCO OIL AND GAS PROGRAM 1985-1 LIMITED
                         PARTNERSHIP
                         DYCO OIL AND GAS PROGRAM 1985-2 LIMITED
                         PARTNERSHIP

                              (Registrant)


                              By:  DYCO PETROLEUM CORPORATION

                                   General Partner




Date:  November 5, 1996       By:        /s/Dennis R. Neill
                                 -------------------------------
                                        (Signature)
                                        Dennis R. Neill
                                        President



Date:  November 5, 1996       By:        /s/Patrick M. Hall
                                 -------------------------------
                                        (Signature)
                                        Patrick M. Hall
                                        Chief Financial Officer


                                 -20-
<PAGE>
<PAGE>
                           INDEX TO EXHIBITS
                           -----------------


NUMBER    DESCRIPTION
------    -----------

27.1      Financial   Data   Schedule  containing   summary  financial
          information  extracted from  the  Dyco Oil  and Gas  Program
          1985-1  Limited Partnership's  financial  statements  as  of
          September  30, 1996 and for the  nine months ended September
          30, 1996, filed herewith.

27.2      Financial   Data   Schedule  containing   summary  financial
          information  extracted from  the  Dyco Oil  and Gas  Program
          1985-2  Limited Partnership's  financial  statements  as  of
          September 30, 1996 and  for the nine months ended  September
          30, 1996, filed herewith.

          All other exhibits are omitted as inapplicable.
<PAGE>