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
   March 31, 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

                                                 March 31,     December 31,
                                                   2001            2000
                                                -----------    ------------

CURRENT ASSETS:
   Cash and cash equivalents                      $ 80,270        $ 74,676
   Accrued oil and gas sales                       123,644         111,904
                                                  --------        --------
      Total current assets                        $203,914        $186,580

NET OIL AND GAS PROPERTIES, utilizing
   the full cost method                             83,061          90,269

DEFERRED CHARGE                                     18,309          16,440
                                                  --------        --------
                                                  $305,284        $293,289
                                                  ========        ========

                        LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                               $  5,312        $  5,920
   Gas imbalance payable                             1,520           1,520
                                                  --------        --------
      Total current liabilities                   $  6,832        $  7,440

ACCRUED LIABILITY                                 $ 55,582        $ 55,582

PARTNERS' CAPITAL:
   General Partner, 41 general
      partner units                               $  2,429        $  2,303
   Limited Partners, issued and
      outstanding, 4,100 Units                     240,441         227,964
                                                  --------        --------
      Total Partners' capital                     $242,870        $230,267
                                                  --------        --------
                                                  $305,284        $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 MARCH 31, 2001 AND 2000
                                   (Unaudited)

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

REVENUES:
   Oil and gas sales                            $233,105           $93,479
   Interest                                        1,354             1,032
                                                --------           -------
                                                $234,459           $94,511

COSTS AND EXPENSES:
   Oil and gas production                       $ 31,794           $24,856
   Depreciation, depletion, and
      amortization of oil and gas
      properties                                   5,973             4,917
   General and administrative
      (Note 2)                                    18,449            17,046
                                                --------           -------
                                                $ 56,216           $46,819
                                                --------           -------

NET INCOME                                      $178,243           $47,692
                                                ========           =======
GENERAL PARTNER (1%) - net income               $  1,782           $   477
                                                ========           =======
LIMITED PARTNERS (99%) - net income             $176,461           $47,215
                                                ========           =======
NET INCOME PER UNIT                             $  43.04           $ 11.52
                                                ========           =======
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 CASH FLOWS
              FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (Unaudited)


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

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                   $178,243          $ 47,692
   Adjustments to reconcile net
      income to net cash provided
      by operating activities:
      Depreciation, depletion, and
        amortization of oil and gas
        properties                                 5,973             4,917
      Increase in accrued oil and
        gas sales                              (  11,740)        (     127)
      Increase in deferred charge              (   1,869)                -
      Increase (decrease) in accounts
        payable                                (     608)              834
      Increase in payable to General
        Partner                                        -             2,000
                                                --------          --------
   Net cash provided by operating
      activities                                $169,999          $ 55,316
                                                --------          --------


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                          ($165,640)        ($103,525)
                                                --------          --------
   Net cash used by financing
      activities                               ($165,640)        ($103,525)
                                                --------          --------

NET INCREASE (DECREASE) IN CASH AND
   CASH EQUIVALENTS                             $  5,594         ($ 48,209)

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                            74,676            68,872
                                                --------          --------
CASH AND CASH EQUIVALENTS AT
   END OF PERIOD                                $ 80,270          $ 20,663
                                                ========          ========

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



                                      -4-
<PAGE>



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

                                     ASSETS

                                                  March 31,    December 31,
                                                    2001           2000
                                                 ----------    ------------

CURRENT ASSETS:
   Cash and cash equivalents                      $ 24,940        $ 90,826
   Accrued oil and gas sales                        40,531          35,902
                                                  --------        --------
      Total current assets                        $ 65,471        $126,728

NET OIL AND GAS PROPERTIES, utilizing
   the full cost method                             26,239          27,549

DEFERRED CHARGE                                     21,039          21,039
                                                  --------        --------
                                                  $112,749        $175,316
                                                  ========        ========

                        LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                               $  2,510        $  2,921
                                                  --------        --------
      Total current liabilities                   $  2,510        $  2,921

ACCRUED LIABILITY                                 $  3,976        $  3,976

PARTNERS' CAPITAL:
   General Partner, 44 general
      partner units                               $  1,062        $  1,684
   Limited Partners, issued and
      outstanding, 4,330 Units                     105,201         166,735
                                                  --------        --------
      Total Partners' capital                     $106,263        $168,419
                                                  --------        --------
                                                  $112,749        $175,316
                                                  ========        ========



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



                                      -5-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                           STATEMENTS OF OPERATIONS
              FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (Unaudited)

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

REVENUES:
   Oil and gas sales                             $75,595          $36,102
   Interest                                        1,189              712
                                                 -------          -------
                                                 $76,784          $36,814

COSTS AND EXPENSES:
   Oil and gas production                        $13,256          $12,608
   Depreciation, depletion, and
      amortization of oil and gas
      properties                                   1,281            1,003
   General and administrative
      (Note 2)                                    15,053           13,580
                                                 -------          -------
                                                 $29,590          $27,191
                                                 -------          -------

NET INCOME                                       $47,194          $ 9,623
                                                 =======          =======
GENERAL PARTNER (1%) - net income                $   472          $    96
                                                 =======          =======
LIMITED PARTNERS (99%) - net income              $46,722          $ 9,527
                                                 =======          =======
NET INCOME PER UNIT                              $ 10.79          $  2.20
                                                 =======          =======
UNITS OUTSTANDING                                  4,374            4,374
                                                 =======          =======





            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 CASH FLOWS
              FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (Unaudited)


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

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                   $ 47,194          $ 9,623
   Adjustments to reconcile net income
      to net cash provided by operating
      activities:
      Depreciation, depletion, and
        amortization of oil and gas
        properties                                 1,281            1,003
      (Increase) decrease in accrued oil
        and gas sales                          (   4,629)          58,565
      Decrease in accounts payable             (     411)        (    500)
      Increase in payable to General
        Partner                                        -            2,000
                                                --------          -------
   Net cash provided by operating
      activities                                $ 43,435          $70,691
                                                --------          -------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Proceeds from the sale of oil and
      gas properties                            $     29          $     -
                                                --------          -------
   Net cash provided by investing
      activities                                $     29          $     -
                                                --------          -------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Cash distributions                          ($109,350)        ($87,480)
                                                --------          -------
   Net cash used by financing
      activities                               ($109,350)        ($87,480)
                                                --------          -------

NET DECREASE IN CASH AND CASH
   EQUIVALENTS                                 ($ 65,886)        ($16,789)

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                            90,826           40,962
                                                --------          -------
CASH AND CASH EQUIVALENTS AT
   END OF PERIOD                                $ 24,940          $24,173
                                                ========          =======

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


                                      -7-
<PAGE>



             DYCO OIL AND GAS PROGRAM 1985-1 LIMITED PARTNERSHIP
             DYCO OIL AND GAS PROGRAM 1985-2 LIMITED PARTNERSHIP
                   CONDENSED NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2001
                                   (Unaudited)


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

      The balance sheets as of March 31, 2001,  statements of operations for the
      three months ended March 31, 2001 and 2000,  and  statements of cash flows
      for the three months  ended March 31, 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 March 31,  2001,
      results of operations  for the three months ended March 31, 2001 and 2000,
      and  changes in cash flows for the three  months  ended March 31, 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 March 31, 2001 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.  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



                                      -8-
<PAGE>



      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  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  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 Program.  During the three  months ended March 31, 2001 and 2000,  the
      1985-1  Program  incurred  such  expenses  totaling  $18,449 and  $17,046,
      respectively,  of  which  $8,661  was  paid  each  period  to Dyco and its
      affiliates.  During the three  months  ended March 31, 2001 and 2000,  the
      1985-2  Program  incurred  such  expenses  totaling  $15,053  and  $13,580
      respectively,  of  which  $5,142  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.






                                      -9-
<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.




                                      -10-
<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.


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. Recent gas prices have been  significantly  higher than
      the  Program's  historical  average.  This is  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.





                                      -11-
<PAGE>




      1985-1 PROGRAM

      THREE MONTHS ENDED MARCH 31, 2001 COMPARED TO THE THREE MONTHS ENDED MARCH
      31, 2000.

                                                Three Months Ended March 31,
                                                ----------------------------
                                                   2001             2000
                                                 --------          -------
      Oil and gas sales                          $233,105          $93,479
      Oil and gas production expenses            $ 31,794          $24,856
      Barrels produced                                 75               25
      Mcf produced                                 34,372           39,935
      Average price/Bbl                          $  27.73          $ 28.76
      Average price/Mcf                          $   6.72          $  2.32

      Total oil and gas sales increased  $139,626  (149.4%) for the three months
      ended March 31, 2001 as compared to the three months ended March 31, 2000.
      This increase was related to an increase in the average price of gas sold.
      Volumes  of oil sold  increased  50  barrels,  while  volumes  of gas sold
      decreased  5,563 Mcf for the three months ended March 31, 2001 as compared
      to the three months  ended March 31, 2000.  The decrease in volumes of gas
      sold was primarily due to (i) the 1985-1 Program's  receipt of a decreased
      percentage  of sales on one well during the three  months  ended March 31,
      2001 due to gas balancing and (ii) normal declines in production.  Average
      oil prices decreased to $27.73 per barrel for the three months ended March
      31, 2001 from $28.76 per barrel for the three months ended March 31, 2000.
      Average gas prices  increased  to $6.72 per Mcf for the three months ended
      March 31,  2001 from $2.32 per Mcf for the three  months  ended  March 31,
      2000.

      Oil and gas production  expenses  (including lease operating  expenses and
      production  taxes)  increased  $6,938  (27.9%) for the three  months ended
      March 31, 2001 as compared to the three months ended March 31, 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)  workover  expenses  incurred  on one well
      during the three  months  ended  March 31,  2000 in order to  improve  the
      recovery of reserves. As a percentage of oil and gas sales, these expenses
      decreased  to 13.6% for the three  months  ended March 31, 2001 from 26.6%
      for the three months ended March 31, 2000.  This  percentage  decrease was
      primarily due to the increase in the average price of gas sold.




                                      -12-
<PAGE>




      Depreciation,  depletion,  and  amortization  of oil  and  gas  properties
      increased  $1,056  (21.5%)  for the three  months  ended March 31, 2001 as
      compared to the three  months  ended March 31,  2000.  This  increase  was
      primarily  due to an  increase  in the  average  price of gas  sold.  This
      increase was partially  offset by a decrease in  depreciation,  depletion,
      and amortization due to an increase in the gas price used in the valuation
      of  reserves  at March  31,  2001 as  compared  to March  31,  2000.  As a
      percentage  of oil and gas sales,  this expense  decreased to 2.6% for the
      three  months  ended March 31, 2001 from 5.3% for the three  months  ended
      March 31, 2000. This percentage decrease was primarily due to the increase
      in the gas price used in the valuation of reserves.

      General and administrative  expenses increased $1,403 (8.2%) for the three
      months  ended March 31, 2001 as compared to the three  months  ended March
      31, 2000. As a percentage of oil and gas sales,  these expenses  decreased
      to 7.9% for the three months ended March 31, 2001 from 18.2% for the three
      months ended March 31, 2000. This percentage decrease was primarily due to
      the increase in oil and gas sales.

      1985-2 PROGRAM

      THREE MONTHS ENDED MARCH 31, 2001 COMPARED TO THE THREE MONTHS ENDED MARCH
      31, 2000.

                                              Three Months Ended March 31,
                                              ----------------------------
                                                   2001             2000
                                                  -------         -------
      Oil and gas sales                           $75,595         $36,102
      Oil and gas production expenses             $13,256         $12,608
      Barrels produced                                243             485
      Mcf produced                                  9,656           9,935
      Average price/Bbl                           $ 26.85         $ 26.95
      Average price/Mcf                           $  7.15         $  2.32

      As shown in the table  above,  total oil and gas sales  increased  $39,493
      (109.4%)  for the three  months  ended  March 31,  2001 as compared to the
      three months ended March 31, 2000. Of this increase, approximately $47,000
      was related to an increase in the average price of gas sold. This increase
      was partially  offset by a decrease of  approximately  $7,000 related to a
      decrease in volumes of oil sold. Volumes of oil and gas sold decreased 242
      barrels and 279 Mcf,  respectively,  for the three  months ended March 31,
      2001 as compared to the three months ended March 31, 2000. The decrease in
      volumes of oil sold was primarily due to the sale of one well during early
      2000.  Average  oil  prices  decreased  to $26.85 per barrel for the three
      months ended March 31, 2001 from $26.95 per barrel for the three months



                                      -13-
<PAGE>



      ended March 31,  2000.  Average gas prices  increased to $7.15 per Mcf for
      the three  months  ended  March 31,  2001 from $2.32 per Mcf for the three
      months ended March 31, 2000.

      Oil and gas production  expenses  (including lease operating  expenses and
      production  taxes)  increased $648 (5.1%) for the three months ended March
      31, 2001 as  compared  to the three  months  ended  March 31,  2000.  This
      increase was primarily due to an increase in production  taxes  associated
      with the  increase  in oil and gas sales,  which  increase  was  partially
      offset by the sale of one well during early 2000.  As a percentage  of oil
      and gas sales,  these  expenses  decreased  to 17.5% for the three  months
      ended March 31, 2001 from 34.9% for the three months ended March 31, 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  $278  (27.7%)  for the three  months  ended  March 31,  2001 as
      compared to the three  months  ended March 31,  2000.  This  increase  was
      primarily  due to an  increase  in the  average  price of gas  sold.  This
      increase was partially  offset by a decrease in  depreciation,  depletion,
      and amortization due to an increase in the gas price used in the valuation
      of  reserves  at March  31,  2001 as  compared  to March  31,  2000.  As a
      percentage  of oil and gas sales,  this expense  decreased to 1.7% for the
      three  months  ended March 31, 2001 from 2.8% for the three  months  ended
      March 31, 2000. This percentage decrease was primarily due to the increase
      in the gas price used in the valuation of reserves.

      General and administrative expenses increased $1,473 (10.8%) for the three
      months  ended March 31, 2001 as compared to the three  months  ended March
      31, 2000.  This increase was primarily due to an increase in reserve study
      fees and printing  and postage  expenses.  As a percentage  of oil and gas
      sales,  these expenses decreased to 19.9% for the three months ended March
      31,  2001 from  37.6% for the three  months  ended  March 31,  2000.  This
      percentage  decrease  was  primarily  due to the  increase  in oil and gas
      sales.




                                      -14-
<PAGE>



ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
            RISK.

            The Programs do not hold any market risk sensitive instruments.




                                      -15-
<PAGE>



                          PART II. OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits

            None.

(b)   Reports on Form 8-K.

            None.





                                      -16-
<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:  May 7, 2001            By:         /s/Dennis R. Neill
                                       -------------------------------
                                              (Signature)
                                              Dennis R. Neill
                                              President


Date:  May 7, 2001            By:         /s/Patrick M. Hall
                                       -------------------------------
                                              (Signature)
                                              Patrick M. Hall
                                              Chief Financial Officer


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