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, 2001                         2-92702    (1985-1)
                                            2-92702-01 (1985-2)


                          DYCO 1985 OIL AND GAS PROGRAM
                          (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
                            ------                    ------




                                      -1-
<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,
                                                  2001             2000
                                              -------------    ------------

CURRENT ASSETS:
   Cash and cash equivalents                      $ 30,827        $ 74,676
   Accrued oil and gas sales                        48,224         111,904
                                                  --------        --------
      Total current assets                        $ 79,051        $186,580

NET OIL AND GAS PROPERTIES, utilizing
   the full cost method                             63,437          90,269

DEFERRED CHARGE                                     15,301          16,440
                                                  --------        --------
                                                  $157,789        $293,289
                                                  ========        ========

                        LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                               $  5,307        $  5,920
   Gas imbalance payable                             1,520           1,520
                                                  --------        --------
      Total current liabilities                   $  6,827        $  7,440

ACCRUED LIABILITY                                 $ 55,582        $ 55,582

PARTNERS' CAPITAL:
   General Partner, 41 general
      partner units                               $    954        $  2,303
   Limited Partners, issued and
      outstanding, 4,100 Units                      94,426         227,964
                                                  --------        --------
      Total Partners' capital                     $ 95,380        $230,267
                                                  --------        --------
                                                  $157,789        $293,289
                                                  ========        ========






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



                                      -2-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                           STATEMENTS OF OPERATIONS
            FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)

                                                  2001              2000
                                                 -------          --------

REVENUES:
   Oil and gas sales                             $74,083          $122,219
   Interest                                          646             1,150
                                                 -------          --------
                                                 $74,729          $123,369

COSTS AND EXPENSES:
   Oil and gas production                        $27,802          $ 31,792
   Depreciation, depletion, and
      amortization of oil and gas
      properties                                  11,692             3,339
   General and administrative
      (Note 2)                                    11,152            11,270
                                                 -------          --------
                                                 $50,646          $ 46,401
                                                 -------          --------

NET INCOME                                       $24,083          $ 76,968
                                                 =======          ========
GENERAL PARTNER (1%) - net income                $   241          $    770
                                                 =======          ========
LIMITED PARTNERS (99%) - net income              $23,842          $ 76,198
                                                 =======          ========
NET INCOME PER UNIT                              $  5.82          $  18.58
                                                 =======          ========
UNITS OUTSTANDING                                  4,141             4,141
                                                 =======          ========



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



                                      -3-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                           STATEMENTS OF OPERATIONS
            FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)

                                                  2001              2000
                                                --------          --------

REVENUES:
   Oil and gas sales                            $423,622          $325,961
   Interest                                        3,117             2,628
                                                --------          --------
                                                $426,739          $328,589

COSTS AND EXPENSES:
   Oil and gas production                       $ 82,339          $ 78,532
   Depreciation, depletion, and
      amortization of oil and gas
      properties                                  25,597             9,768
   General and administrative
      (Note 2)                                    39,590            38,192
                                                --------          --------
                                                $147,526          $126,492
                                                --------          --------

NET INCOME                                      $279,213          $202,097
                                                ========          ========
GENERAL PARTNER (1%) - net income               $  2,792          $  2,021
                                                ========          ========
LIMITED PARTNERS (99%) - net income             $276,421          $200,076
                                                ========          ========
NET INCOME PER UNIT                             $  67.43          $  48.80
                                                ========          ========
UNITS OUTSTANDING                                  4,141             4,141
                                                ========          ========


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



                                      -4-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
                           STATEMENTS OF CASH FLOWS
            FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)


                                                  2001              2000
                                               ----------        ----------

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                   $279,213          $202,097
   Adjustments to reconcile net
      income to net cash provided
      by operating activities:
      Depreciation, depletion, and
        amortization of oil and gas
        properties                                25,597             9,768
      (Increase) decrease in accrued oil
        and gas sales                             63,680         (  26,651)
      Decrease in deferred charge                  1,139                 -
      Increase (decrease) in accounts
        payable                                (     613)               10
                                                --------          --------
   Net cash provided by operating
      activities                                $369,016          $185,224
                                                --------          --------


CASH FLOWS FROM INVESTING ACTIVITIES:
   Proceeds from the sale of oil and
      gas properties                            $  1,235          $      -
                                                --------          --------
   Net cash provided by investing
      activities                                $  1,235          $      -
                                                --------          --------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Cash distributions                          ($414,100)        ($227,755)
                                                --------          --------
   Net cash used by financing
      activities                               ($414,100)        ($227,755)
                                                --------          --------

NET DECREASE IN CASH AND CASH
   EQUIVALENTS                                 ($ 43,849)        ($ 42,531)

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                            74,676            68,872
                                                --------          --------
CASH AND CASH EQUIVALENTS AT
   END OF PERIOD                                $ 30,827          $ 26,341
                                                ========          ========



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



                                      -5-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                                 BALANCE SHEETS
                                   (Unaudited)

                                     ASSETS

                                              September 30,    December 31,
                                                  2001             2000
                                              ------------     ------------

CURRENT ASSETS:
   Cash and cash equivalents                      $   896         $ 90,826
   Accrued oil and gas sales                       18,550           35,902
                                                  -------         --------
      Total current assets                        $19,446         $126,728

NET OIL AND GAS PROPERTIES, utilizing
   the full cost method                            21,634           27,549

DEFERRED CHARGE                                    21,039           21,039
                                                  -------         --------
                                                  $62,119         $175,316
                                                  =======         ========

                        LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                               $ 3,008         $  2,921
   Payable to General Partner (Note 2)              3,175                -
                                                  -------         --------
      Total current liabilities                   $ 6,183         $  2,921

ACCRUED LIABILITY                                 $ 3,707         $  3,976

PARTNERS' CAPITAL:
   General Partner, 44 general
      partner units                               $   522         $  1,684
   Limited Partners, issued and
      outstanding, 4,330 Units                     51,707          166,735
                                                  -------         --------
      Total Partners' capital                     $52,229         $168,419
                                                  -------         --------
                                                  $62,119         $175,316
                                                  =======         ========


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



                                      -6-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                           STATEMENTS OF OPERATIONS
            FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)

                                                  2001              2000
                                                 -------           -------

REVENUES:
   Oil and gas sales                             $29,389           $55,288
   Interest                                          510               366
                                                 -------           -------
                                                 $29,899           $55,654

COSTS AND EXPENSES:
   Oil and gas production                        $11,569           $11,095
   Depreciation, depletion, and
      amortization of oil and gas
      properties                                   2,419               884
   General and administrative
      (Note 2)                                     7,710             7,831
                                                 -------           -------
                                                 $21,698           $19,810
                                                 -------           -------

NET INCOME                                       $ 8,201           $35,844
                                                 =======           =======
GENERAL PARTNER (1%) - net income                $    82           $   358
                                                 =======           =======
LIMITED PARTNERS (99%) - net income              $ 8,119           $35,486
                                                 =======           =======
NET INCOME PER UNIT                              $  1.88           $  8.19
                                                 =======           =======
UNITS OUTSTANDING                                  4,374             4,374
                                                 =======           =======





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



                                      -7-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                           STATEMENTS OF OPERATIONS
            FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)

                                                  2001              2000
                                                --------          --------

REVENUES:
   Oil and gas sales                            $150,027          $138,206
   Interest                                        2,031             1,659
   Gain on sale of oil and gas
      properties                                       -            55,856
                                                --------          --------
                                                $152,058          $195,721

COSTS AND EXPENSES:
   Oil and gas production                       $ 36,783          $ 30,680
   Depreciation, depletion, and
      amortization of oil and gas
      properties                                   5,393             2,417
   General and administrative
      (Note 2)                                    29,242            27,798
                                                --------          --------
                                                $ 71,418          $ 60,895
                                                --------          --------

NET INCOME                                      $ 80,640          $134,826
                                                ========          ========
GENERAL PARTNER (1%) - net income               $    806          $  1,348
                                                ========          ========
LIMITED PARTNERS (99%) - net income             $ 79,834          $133,478
                                                ========          ========
NET INCOME PER UNIT                             $  18.44          $  30.82
                                                ========          ========
UNITS OUTSTANDING                                  4,374             4,374
                                                ========          ========



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



                                      -8-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                           STATEMENTS OF CASH FLOWS
            FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)


                                                  2001              2000
                                               ----------        ----------

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                   $ 80,640          $134,826
   Adjustments to reconcile net income
      to net cash provided by operating
      activities:
      Depreciation, depletion, and
        amortization of oil and gas
        properties                                 5,393             2,417
      Gain on sale of oil and gas
        properties                                     -         (  55,856)
      Decrease in accrued oil and gas
        sales                                     17,352            49,784
      Increase (decrease) in accounts
        payable                                       87         (   2,487)
      Increase in payable to General
        Partner                                    3,175                 -
      Decrease in accrued liability            (     269)                -
                                                --------          --------
   Net cash provided by operating
      activities                                $106,378          $128,684
                                                --------          --------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Proceeds from the sale of oil and
      gas properties                            $    522          $ 59,449
                                                --------          --------
   Net cash provided by investing
      activities                                $    522          $ 59,449
                                                --------          --------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Cash distributions                          ($196,830)        ($174,960)
                                                --------          --------
   Net cash used by financing
      activities                               ($196,830)        ($174,960)
                                                --------          --------

NET INCREASE (DECREASE) IN CASH AND
   CASH EQUIVALENTS                            ($ 89,930)         $ 13,173

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                            90,826            40,962
                                                --------          --------
CASH AND CASH EQUIVALENTS AT
   END OF PERIOD                                $    896          $ 54,135
                                                ========          ========

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


                                      -9-
<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, 2001
                                   (Unaudited)


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

      The balance sheets as of September 30, 2001,  statements of operations for
      the  three  and  nine  months  ended  September  30,  2001 and  2000,  and
      statements of cash flows for the nine months ended  September 30, 2001 and
      2000  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, 2001, results of operations for the three and nine months
      ended  September 30, 2001 and 2000, and changes in cash flows for the nine
      months ended September 30, 2001 and 2000 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, 2000. The results of operations for the period
      ended September 30, 2001 are not necessarily  indicative of the results to
      be expected for the full year.


      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.  The Programs'  calculation of depreciation,  depletion,  and
      amortization  includes  estimated  future  expenditures  to be incurred in
      developing  proved  reserves and estimated  dismantlement  and abandonment
      costs, net of estimated  salvage values. 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.  Sales
      and abandonments of



                                      -10-
<PAGE>



      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 1985-2  Program  sold one well during the nine months ended
      September 30, 2000 for $59,449 representing approximately 11% of its total
      reserves.  The  proceeds  from these sales would have reduced the net book
      value of the oil and gas  properties by 185%,  significantly  altering the
      1985-2   Program's   capitalized    cost/proved   reserves   relationship.
      Accordingly,  capitalized  costs were reduced by  approximately  11% and a
      gain on sale of oil and gas properties of $55,856 was recognized.

      The provision for depreciation, depletion, and amortization of oil and gas
      properties is calculated by dividing the oil and gas sales dollars  during
      the  period by the  estimated  future  gross  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 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 Programs.  During the three months ended  September 30, 2001 and 2000,
      the 1985-1 Program  incurred such expenses  totaling  $11,152 and $11,270,
      respectively,  of  which  $8,661  was  paid  each  period  to Dyco and its
      affiliates.  During the nine months ended September 30, 2001 and 2000, the
      1985-1  Program  incurred  such  expenses  totaling  $39,590 and  $38,192,
      respectively,  of which  $25,983  was  paid  each  period  to Dyco and its
      affiliates. During the three months ended September 30, 2001 and 2000, the
      1985-2  Program  incurred  such  expenses   totaling  $7,710  and  $7,831,
      respectively,  of  which  $5,142  was  paid  each  period  to Dyco and its
      affiliates.  During the nine months ended September 30, 2001 and 2000, the
      1985-2  Program  incurred  such  expenses  totaling  $29,242 and  $27,798,
      respectively,  of which  $15,426  was  paid  each  period  to Dyco and its
      affiliates.

      Affiliates of the Programs  operate  certain of the Programs'  properties.
      Their policy is to bill the Programs  for all  customary  charges and cost
      reimbursements associated with these activities.






                                      -11-
<PAGE>




      PAYABLE TO GENERAL PARTNER

      The 1985-2  Program's  Payable to General  Partner at  September  30, 2001
      represents an operating advance from the General Partner.  Such amount was
      repaid in October 2001.




                                      -12-
<PAGE>



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


USE OF FORWARD-LOOKING STATEMENTS AND ESTIMATES
-----------------------------------------------

      This Quarterly Report contains  certain  forward-looking  statements.  The
      words "anticipate",  "believe",  "expect",  "plan", "intend",  "estimate",
      "project", "could", "may" and similar expressions are intended to identify
      forward-looking  statements.  Such statements reflect management's current
      views  with  respect  to future  events and  financial  performance.  This
      Quarterly Report also includes certain information,  which is, or is based
      upon,  estimates  and  assumptions.  Such  estimates and  assumptions  are
      management's  efforts to accurately reflect the condition and operation of
      the Programs.

      Use of  forward-looking  statements and estimates and assumptions  involve
      risks  and  uncertainties  which  include,  but are not  limited  to,  the
      volatility of oil and gas prices, the uncertainty of reserve  information,
      the operating risk associated  with oil and gas properties  (including the
      risk of personal injury,  death,  property  damage,  damage to the well or
      producing  reservoir,  environmental  contamination,  and other  operating
      risks), the prospect of changing tax and regulatory laws, the availability
      and capacity of  processing  and  transportation  facilities,  the general
      economic climate,  the supply and price of foreign imports of oil and gas,
      the level of consumer  product demand,  and the price and  availability of
      alternative  fuels.  Should  one or more of these  risks or  uncertainties
      occur or should  estimates  or  underlying  assumptions  prove  incorrect,
      actual  conditions or results may vary materially and adversely from those
      stated, anticipated, believed, estimated, and otherwise indicated.


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.







                                      -13-
<PAGE>




      The Programs'  available capital from  subscriptions has been spent on oil
      and gas drilling  activities.  There should be no further material capital
      resource commitments in the future. The Programs have no debt commitments.
      Management  believes that cash for ordinary  operational  purposes will be
      provided by current oil and gas production.

      The 1985-2  Program's  Statement  of Cash Flows for the nine months  ended
      September  30,  2000  includes  proceeds  from  the  sale  of oil  and gas
      properties during the second quarter of 2000. These proceeds were included
      in the 1985-2 Program's cash distributions paid in June 2000.


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

      GENERAL DISCUSSION

      The following  general  discussion  should be read in conjunction with the
      analysis  of results of  operations  provided  below.  The most  important
      variables affecting the Programs' revenues are the prices received for the
      sale of oil and gas and the volumes of oil and gas produced. The Program's
      production is mainly natural gas, so such pricing and volumes are the most
      significant factors.

      Due to the volatility of oil and gas prices,  forecasting future prices is
      subject to great  uncertainty  and  inaccuracy.  Substantially  all of the
      Programs' gas reserves are being sold on the "spot market".  Prices on the
      spot market are subject to wide seasonal and regional pricing fluctuations
      due to the highly competitive nature of the spot market.  Such spot market
      sales are  generally  short-term  in  nature  and are  dependent  upon the
      obtaining of transportation services provided by pipelines. It is likewise
      difficult  to  predict  production  volumes.  However,  oil  and  gas  are
      depleting  assets,  so it can be  expected  that  production  levels  will
      decline  over  time.   Gas  prices  in  late  2000  and  early  2001  were
      significantly  higher  than the  Program's  historical  average.  This was
      attributable to the higher prices for crude oil, a substitute fuel in some
      markets,  and reduced production due to lower capital  investments in 1998
      and 1999.  In the last  several  months,  however,  spot gas  prices  have
      substantially   declined.   A  weakening   economy  and  recent  terrorist
      activities may result in additional downward pricing pressures.  It is not
      possible to accurately predict future pricing direction.








                                      -14-
<PAGE>




      1985-1 PROGRAM

      THREE MONTHS ENDED  SEPTEMBER  30, 2001 COMPARED TO THE THREE MONTHS ENDED
      SEPTEMBER 30, 2000.

                                            Three Months Ended September 30,
                                            --------------------------------
                                                  2001              2000
                                                 -------          --------
      Oil and gas sales                          $74,083          $122,219
      Oil and gas production expenses            $27,802          $ 31,792
      Barrels produced                                39                82
      Mcf produced                                26,069            29,942
      Average price/Bbl                          $ 23.36          $  25.18
      Average price/Mcf                          $  2.81          $   4.01

      As shown in the table  above,  total oil and gas sales  decreased  $48,136
      (39.4%) for the three months ended  September  30, 2001 as compared to the
      three months ended  September  30, 2000. Of this  decrease,  approximately
      $31,000 was  related to a decrease  in the  average  price of gas sold and
      approximately  $16,000  was  related to a decrease in volumes of gas sold.
      Volumes  of  oil  and  gas  sold  decreased  43  barrels  and  3,873  Mcf,
      respectively, for the three months ended September 30, 2001 as compared to
      the three months ended  September 30, 2000. The decrease in volumes of gas
      sold was  primarily due to (i) a positive  prior period volume  adjustment
      made by the purchaser on one well during the three months ended  September
      30, 2000 and (ii) normal  declines in  production.  These  decreases  were
      partially  offset  by  the  1985-1  Program's   receipt  of  an  increased
      percentage  of sales  on  another  well  during  the  three  months  ended
      September 30, 2001 due to gas balancing.  As of the date of this Quarterly
      Report,  management expects the gas balancing  adjustments to continue for
      the foreseeable future, thereby continuing to contribute to an increase in
      volumes of gas produced for the 1985-1 Program. Average oil and gas prices
      decreased  to $23.36 per barrel and $2.81 per Mcf,  respectively,  for the
      three months ended September 30, 2001 from $25.18 per barrel and $4.01 per
      Mcf, respectively, for the three months ended September 30, 2000.

      Oil and gas production  expenses  (including lease operating  expenses and
      production  taxes)  decreased  $3,990  (12.6%) for the three  months ended
      September  30, 2001 as compared to the three  months ended  September  30,
      2000.  This  decrease was  primarily  due to (i) a decrease in  production
      taxes  associated  with  the  decrease  in oil  and  gas  sales  and  (ii)
      subsurface repair and maintenance expenses incurred on one well during the
      three months ended  September  30,  2000.  As a percentage  of oil and gas
      sales,  these  expenses  increased  to 37.5%  for the three  months  ended
      September  30, 2001 from 26.0% for the three  months ended  September  30,
      2000. This



                                      -15-
<PAGE>




      percentage  increase was  primarily  due to the decreases in the average
      prices of oil and gas sold.

      Depreciation,  depletion,  and  amortization  of oil  and  gas  properties
      increased $8,353 (250.2%) for the three months ended September 30, 2001 as
      compared to the three months ended  September 30, 2000.  This increase was
      primarily  due to a  decrease  in the gas price used in the  valuation  of
      reserves at  September  30, 2001 as compared to September  30, 2000.  As a
      percentage of oil and gas sales,  this expense  increased to 15.8% for the
      three months ended September 30, 2001 from 2.7% for the three months ended
      September  30, 2000.  This  percentage  increase was  primarily due to the
      dollar increase in depreciation, depletion, and amortization.

      General and  administrative  expenses  decreased $118 (1.0%) for the three
      months  ended  September  30, 2001 as compared to the three  months  ended
      September 30, 2000. As a percentage of oil and gas sales,  these  expenses
      increased to 15.1% for the three months ended September 30, 2001 from 9.2%
      for the three months ended September 30, 2000.  This  percentage  increase
      was primarily due to the decrease in oil and gas sales.

      NINE MONTHS  ENDED  SEPTEMBER  30, 2001  COMPARED TO THE NINE MONTHS ENDED
      SEPTEMBER 30, 2000.

                                               Nine Months Ended September 30,
                                               -------------------------------
                                                   2001             2000
                                                 --------         --------
      Oil and gas sales                          $423,622         $325,961
      Oil and gas production expenses            $ 82,339         $ 78,532
      Barrels produced                                171              168
      Mcf produced                                 85,987          101,960
      Average price/Bbl                          $  26.38         $  26.56
      Average price/Mcf                          $   4.87         $   3.15

      As shown in the table  above,  total oil and gas sales  increased  $97,661
      (30.0%) for the nine months  ended  September  30, 2001 as compared to the
      nine months ended  September  30, 2000.  Of this  increase,  approximately
      $148,000 was related to an increase in the average price of gas sold. This
      increase  was  partially  offset by a decrease  of  approximately  $50,000
      related  to a  decrease  in  volumes  of gas  sold.  Volumes  of oil  sold
      increased 3 barrels,  while volumes of gas sold  decreased  15,973 Mcf for
      the nine months  ended  September  30, 2001 as compared to the nine months
      ended  September  30,  2000.  The  decrease  in  volumes  of gas  sold was
      primarily  due to (i)  normal  declines  in  production,  (ii) the  1985-1
      Program's receipt of a reduced percentage of sales on two wells during the
      nine months  ended  September  30, 2001 due to gas  balancing  and (iii) a
      positive prior



                                      -16-
<PAGE>



      period volume adjustment made by the purchaser on one well during the nine
      months ended September 30, 2000.  These decreases were partially offset by
      the  1985-1  Program's  receipt  of an  increased  percentage  of sales on
      another  well during the nine months ended  September  30, 2001 due to gas
      balancing. As of the date of this Quarterly Report, management expects the
      gas balancing adjustments to continue for the foreseeable future,  thereby
      continuing  to affect  volumes of gas  produced  for the  1985-1  Program.
      Average  oil prices  decreased  to $26.38  per barrel for the nine  months
      ended  September 30, 2001 from $26.56 per barrel for the nine months ended
      September 30, 2000.  Average gas prices increased to $4.87 per Mcf for the
      nine  months  ended  September  30,  2001 from  $3.15 per Mcf for the nine
      months ended September 30, 2000.

      Oil and gas production  expenses  (including lease operating  expenses and
      production  taxes)  increased  $3,807  (4.8%)  for the nine  months  ended
      September  30, 2001 as compared to the nine  months  ended  September  30,
      2000.  This increase was primarily due to an increase in production  taxes
      associated  with the  increase  in oil and gas sales.  This  increase  was
      partially offset by (i) a decrease in lease operating expenses  associated
      with the  decrease in volumes of gas sold and (ii)  subsurface  repair and
      maintenance  expenses  incurred on one well  during the nine months  ended
      September 30, 2000. As a percentage of oil and gas sales,  these  expenses
      decreased to 19.4% for the nine months ended September 30, 2001 from 24.1%
      for the nine months ended September 30, 2000. This percentage decrease was
      primarily due to the increase in the average price of gas sold.

      Depreciation,  depletion,  and  amortization  of oil  and  gas  properties
      increased $15,829 (162.0%) for the nine months ended September 30, 2001 as
      compared to the nine months ended  September  30, 2000.  This increase was
      primarily  due to a  decrease  in the gas price used in the  valuation  of
      reserves at  September  30, 2001 as compared to September  30, 2000.  As a
      percentage  of oil and gas sales,  this expense  increased to 6.0% for the
      nine months ended  September  30, 2001 from 3.0% for the nine months ended
      September  30, 2000.  This  percentage  increase was  primarily due to the
      dollar increase in depreciation, depletion, and amortization.

      General and  administrative  expenses increased $1,398 (3.7%) for the nine
      months  ended  September  30, 2001 as  compared  to the nine months  ended
      September 30, 2000. As a percentage of oil and gas sales,  these  expenses
      decreased to 9.3% for the nine months ended  September 30, 2001 from 11.7%
      for the nine months ended September 30, 2000. This percentage decrease was
      primarily due to the increase in oil and gas sales.




                                      -17-
<PAGE>




      1985-2 PROGRAM

      THREE MONTHS ENDED  SEPTEMBER  30, 2001 COMPARED TO THE THREE MONTHS ENDED
      SEPTEMBER 30, 2000.

                                            Three Months Ended September 30,
                                            --------------------------------
                                                   2001             2000
                                                  -------         -------
      Oil and gas sales                           $29,389         $55,288
      Oil and gas production expenses             $11,569         $11,095
      Barrels produced                                382             325
      Mcf produced                                  7,670          11,146
      Average price/Bbl                           $ 25.24         $ 30.84
      Average price/Mcf                           $  2.57         $  4.06

      As shown in the table  above,  total oil and gas sales  decreased  $25,899
      (46.8%) for the three months ended  September  30, 2001 as compared to the
      three months ended  September  30, 2000. Of this  decrease,  approximately
      $14,000 was related to a decrease in volumes of gas sold and approximately
      $11,000  was  related  to a  decrease  in the  average  price of gas sold.
      Volumes  of oil sold  increased  57  barrels,  while  volumes  of gas sold
      decreased  3,476 Mcf for the three  months  ended  September  30,  2001 as
      compared to the three months  ended  September  30, 2000.  The decrease in
      volumes  of  gas  sold  was  primarily  due  to  (i)  normal  declines  in
      production,  (ii) the 1985-2 Program's receipt of an increased  percentage
      of sales on one well during the three months ended  September 30, 2000 due
      to gas  balancing,  and (iii) the  1985-2  Program's  receipt of a reduced
      percentage  of sales  on  another  well  during  the  three  months  ended
      September 30, 2001 due to gas balancing.  As of the date of this Quarterly
      Report,  management expects the gas balancing  adjustments to continue for
      the  foreseeable  future,  thereby  continuing  to affect  volumes  of gas
      produced for the 1985-2 Program.  Average oil and gas prices  decreased to
      $25.24 per barrel and $2.57 per Mcf,  respectively,  for the three  months
      ended  September  30,  2001  from  $30.84  per  barrel  and $4.06 per Mcf,
      respectively, for the three months ended September 30, 2000.

      Oil and gas production  expenses  (including lease operating  expenses and
      production  taxes)  increased  $474  (4.3%)  for the  three  months  ended
      September  30, 2001 as compared to the three  months ended  September  30,
      2000.  This  increase  was  primarily  due to an  increase  in repair  and
      maintenance  expenses on two wells during the three months ended September
      30, 2001 as compared to the three months ended  September 30, 2000.  These
      increases  were  substantially  offset by a decrease in  production  taxes
      associated  with the decrease in oil and gas sales. As a percentage of oil
      and gas sales, these expenses increased to 39.4% for the three



                                      -18-
<PAGE>



      months  ended  September  30, 2001 from 20.1% for the three  months  ended
      September  30, 2000.  This  percentage  increase was  primarily due to the
      decreases in the average prices of oil and gas sold.

      Depreciation,  depletion,  and  amortization  of oil  and  gas  properties
      increased $1,535 (173.6%) for the three months ended September 30, 2001 as
      compared to the three months ended  September 30, 2000.  This increase was
      primarily  due to a  decrease  in the gas price used in the  valuation  of
      reserves at  September  30, 2001 as compared to September  30, 2000.  As a
      percentage  of oil and gas sales,  this expense  increased to 8.2% for the
      three months ended September 30, 2001 from 1.6% for the three months ended
      September  30, 2000.  This  percentage  increase was  primarily due to the
      dollar increase in depreciation, depletion, and amortization.

      General and  administrative  expenses  decreased $121 (1.5%) for the three
      months  ended  September  30, 2001 as compared to the three  months  ended
      September 30, 2000. As a percentage of oil and gas sales,  these  expenses
      increased  to 26.2% for the three  months  ended  September  30, 2001 from
      14.2% for the three  months ended  September  30,  2000.  This  percentage
      increase was primarily due to the decrease in oil and gas sales.

      NINE MONTHS  ENDED  SEPTEMBER  30, 2001  COMPARED TO THE NINE MONTHS ENDED
      SEPTEMBER 30, 2000.

                                             Nine Months Ended September 30,
                                             -------------------------------
                                                    2001            2000
                                                  --------        --------
      Oil and gas sales                           $150,027        $138,206
      Oil and gas production expenses             $ 36,783        $ 30,680
      Barrels produced                                 912           1,302
      Mcf produced                                  26,618          31,073
      Average price/Bbl                           $  26.64        $  29.00
      Average price/Mcf                           $   4.72        $   3.23

      As shown in the table  above,  total oil and gas sales  increased  $11,821
      (8.6%) for the nine  months  ended  September  30, 2001 as compared to the
      nine months ended  September  30, 2000.  Of this  increase,  approximately
      $39,000 was related to an increase in the average price of gas sold.  This
      increase was partially  offset by decreases of  approximately  (i) $11,000
      and $14,000, respectively,  related to decreases in volumes of oil and gas
      sold and (ii) $2,000  related to a decrease  in the  average  price of oil
      sold.  Volumes of oil and gas sold  decreased  390  barrels and 4,455 Mcf,
      respectively,  for the nine months ended September 30, 2001 as compared to
      the nine months ended  September 30, 2000.  The decrease in volumes of oil
      sold was primarily due to the



                                      -19-
<PAGE>



      sale of one well during  early 2000.  The  decrease in volumes of gas sold
      was primarily due to (i) normal  declines in  production,  (ii) the 1985-2
      Program's  receipt of an increased  percentage of sales on one well during
      the nine months ended  September 30, 2000 due to gas balancing,  and (iii)
      the 1985-2 Program's  receipt of a reduced  percentage of sales on another
      well during the nine months ended September 30, 2001 due to gas balancing.
      As of the  date of  this  Quarterly  Report,  management  expects  the gas
      balancing  adjustments  to continue for the  foreseeable  future,  thereby
      continuing  to affect  volumes of gas  produced  for the  1985-2  Program.
      Average  oil prices  decreased  to $26.64  per barrel for the nine  months
      ended  September 30, 2001 from $29.00 per barrel for the nine months ended
      September 30, 2000.  Average gas prices increased to $4.72 per Mcf for the
      nine  months  ended  September  30,  2001 from  $3.23 per Mcf for the nine
      months ended September 30, 2000.

      The 1985-2  Program sold one well during the nine months  ended  September
      30, 2000 for $59,449 representing approximately 11% of its total reserves.
      The  proceeds  from this sale would have reduced the net book value of the
      1985-2  Program's oil and gas properties by 185%,  significantly  altering
      the  1985-2  Program's  capitalized   cost/proved  reserves  relationship.
      Accordingly,  capitalized  costs were reduced by  approximately  11% and a
      gain on sale of oil and gas properties of $55,856 was recognized.  No such
      sales occurred during 2001.

      Oil and gas production  expenses  (including lease operating  expenses and
      production  taxes)  increased  $6,103  (19.9%) for the nine  months  ended
      September  30, 2001 as compared to the nine  months  ended  September  30,
      2000.  This  increase was  primarily  due to (i) an increase in repair and
      maintenance  expenses on two wells during the nine months ended  September
      30, 2001 as compared to the nine months ended  September 30, 2000,  (ii) a
      negative  prior  period lease  operating  expense  adjustment  made by the
      operator on one well during the nine months ended  September  30, 2000 and
      (iii) an increase in production  taxes associated with the increase in oil
      and gas sales.  These increases were partially offset by (i) a decrease in
      lease  operating  expenses  associated with the decrease in volumes of oil
      and gas  sold  and (ii) the  sale of one  well  during  early  2000.  As a
      percentage of oil and gas sales, these expenses increased to 24.5% for the
      nine months ended  September 30, 2001 from 22.2% for the nine months ended
      September  30, 2000.  This  percentage  increase was  primarily due to the
      dollar increase in oil and gas production expenses.







                                      -20-
<PAGE>






      Depreciation,  depletion,  and  amortization  of oil  and  gas  properties
      increased  $2,976 (123.1%) for the nine months ended September 30, 2001 as
      compared to the nine months ended  September  30, 2000.  This increase was
      primarily  due to (i) a decrease in the gas price used in the valuation of
      reserves at September  30, 2001 as compared to September 30, 2000 and (ii)
      the increase in the average  price of gas sold. As a percentage of oil and
      gas  sales,  this  expense  increased  to 3.6% for the nine  months  ended
      September 30, 2001 from 1.7% for the nine months ended September 30, 2000.
      This  percentage  increase  was  primarily  due to the dollar  increase in
      depreciation, depletion, and amortization.

      General and  administrative  expenses increased $1,444 (5.2%) for the nine
      months  ended  September  30, 2001 as  compared  to the nine months  ended
      September 30, 2000. As a percentage of oil and gas sales,  these  expenses
      decreased to 19.5% for the nine months ended September 30, 2001 from 20.1%
      for the nine months ended September 30, 2000.





                                      -21-
<PAGE>



ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
            RISK.

            The Programs do not hold any market risk sensitive instruments.




                                      -22-
<PAGE>



                          PART II. OTHER INFORMATION


ITEM 5.  OTHER INFORMATION

      On November 1, 2001 Craig D.  Loseke was named Chief  Financial  Officer
      of Dyco.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits

            None.

(b)   Reports on Form 8-K.

            None.





                                      -23-
<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 13, 2001         By:         /s/Dennis R. Neill
                                       -------------------------------
                                              (Signature)
                                              Dennis R. Neill
                                              President


Date:  November 13, 2001         By:         /s/Craig D. Loseke
                                       -------------------------------
                                              (Signature)
                                              Craig D. Loseke
                                              Chief Financial Officer


                                      -24-