<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, 1995                   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 organization)              Number)




    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,
                                              1995          1994    
                                          ------------ -------------

CURRENT ASSETS:
   Cash and cash equivalents  . . . . . .    $ 22,694      $ 39,697 
   Accrued oil and gas sales, including
     $36,335 and $18,859 due from
     related parties (Note 2) . . . . . .      46,675        25,179 
                                             --------      -------- 
      Total current assets  . . . . . . .    $ 69,369      $ 64,876 

NET OIL AND GAS PROPERTIES, utilizing 
   the full cost method . . . . . . . . .     113,408       279,586 
                                             --------      -------- 
                                             $182,777      $344,462 
                                             ========      ======== 

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable . . . . . . . . . . .    $  7,718      $  8,155 
                                             --------      -------- 
      Total current liabilities . . . . .    $  7,718      $  8,155 

ACCRUED LIABILITY . . . . . . . . . . . .      10,057        10,057 

PARTNERS' CAPITAL:
   General Partner, issued and outstanding,
     41 units . . . . . . . . . . . . . .       1,650         3,262 
   Limited Partners, issued and outstanding, 
     4,100 units  . . . . . . . . . . . .     163,352       322,988 
                                             --------      -------- 
      Total Partners' capital . . . . . .    $165,002      $326,250 
                                             --------      -------- 
                                             $182,777      $344,462 
                                             ========      ======== 

                     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, 1995 AND 1994
                              (Unaudited)


                                                1995         1994   
                                              ---------   ----------
 
REVENUES:
   Oil and gas sales, including
     $52,305 and $67,579 of sales 
     to related parties (Note 2)  . . . .     $ 79,977      $86,154 
   Interest . . . . . . . . . . . . . . .          981          523 
                                              --------      ------- 
                                              $ 80,958      $86,677 
                                              --------      ------- 
COSTS AND EXPENSES:
   Oil and gas production . . . . . . . .     $ 37,899      $32,022 
   Depreciation, depletion, and amortization
     of oil and gas properties . . . . . . .    24,304       21,832 
   Provision to reduce carrying value of
     oil and gas properties (Note 1)  . .      101,580          -   
   General and administrative (Note 2)  .       11,963       12,408 
                                              --------      ------- 
                                              $175,746      $66,262 
                                              --------      ------- 

NET (LOSS) INCOME . . . . . . . . . . . .    ($ 94,788)     $20,415 
                                              ========      ======= 
GENERAL PARTNER (1%) - net (loss) income     ($    948)     $   204 
                                              ========      ======= 
LIMITED PARTNERS (99%) - net (loss) income   ($ 93,840)     $20,211 
                                              ========      ======= 
NET (LOSS) INCOME PER UNIT  . . . . . . .    ($     23)     $     5 
                                              ========      ======= 
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, 1995 AND 1994
                              (Unaudited)


                                                1995         1994   
                                              ---------   ----------
 
REVENUES:
   Oil and gas sales, including
     $176,286 and $273,536 of sales 
     to related parties (Note 2)  . . . .     $312,626     $426,005 
   Interest . . . . . . . . . . . . . . .        2,178        1,923 
                                              --------     -------- 
                                              $314,804     $427,928 
                                              --------     -------- 
COSTS AND EXPENSES:
   Oil and gas production . . . . . . . .     $114,750     $109,717 
   Depreciation, depletion, and amortization 
     of oil and gas properties . . . . . . .    92,038      115,618 
   Provision to reduce carrying value of
     oil and gas properties (Note 1)  . .      101,580          -   
   General and administrative (Note 2)  .       43,454       39,846 
                                              --------     -------- 
                                              $351,822     $265,181 
                                              --------     -------- 

NET (LOSS) INCOME . . . . . . . . . . . .    ($ 37,018)    $162,747 
                                              ========     ======== 
GENERAL PARTNER (1%) - net (loss) income     ($    370)    $  1,627 
                                              ========     ======== 
LIMITED PARTNERS (99%) - net (loss) income   ($ 36,648)    $161,120 
                                              ========     ======== 
NET (LOSS) INCOME PER UNIT  . . . . . . .    ($      9)    $     39 
                                              ========     ======== 
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, 1995 AND 1994
                              (Unaudited)


                                                1995         1994   
                                              ---------    ---------
 
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net (loss) income  . . . . . . . . . .    ($ 37,018)    $162,747 
   Adjustments to reconcile net (loss) income 
     to net cash provided by operating 
     activities:
     Depreciation, depletion, and amortiza-
      tion of oil and gas properties  . . . .   92,038      115,618 
     Provision to reduce carrying value of
      oil and gas properties  . . . . . .      101,580          -   
     (Increase) decrease in accrued oil and 
      gas sales . . . . . . . . . . . . .    (  21,496)      19,612 
     Decrease in accounts payable . . . .    (     437)   (   2,410)
                                              --------     -------- 
      Net cash provided by operating 
       activities                             $134,667     $295,567 
                                              --------     -------- 

CASH FLOWS FROM INVESTING ACTIVITIES:
   Additions to oil and gas properties  .    ($ 27,440)   ($  3,321)
   Retirements of oil and gas properties           -          4,455 
                                              --------     -------- 
      Net cash (used) provided by investing 
        activities  . . . . . . . . . . .    ($ 27,440)    $  1,134 
                                              --------     -------- 

CASH FLOWS FROM FINANCING ACTIVITIES:
   Cash distributions . . . . . . . . . .    ($124,230)   ($289,870)
                                              --------     -------- 

      Net cash used by financing activities  ($124,230)   ($289,870)
                                              --------     -------- 

NET (DECREASE) INCREASE IN CASH AND CASH
   EQUIVALENTS  . . . . . . . . . . . . .    ($ 17,003)    $  6,831 

CASH AND CASH EQUIVALENTS AT BEGINNING 
OF PERIOD                                       39,697       22,690 
                                              --------     -------- 
CASH AND CASH EQUIVALENTS AT END OF PERIOD    $ 22,694     $ 29,521            
                                              ========     ======== 


                     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,
                                              1995          1994    
                                           -----------  ------------

CURRENT ASSETS:
   Cash and cash equivalents  . . . . . .    $ 66,133      $  5,733 
   Accrued oil and gas sales, including
     $11,183 and $12,688 due from
     related parties (Note 2) . . . . . .      54,009        40,509 
                                             --------      -------- 
      Total current assets  . . . . . . .    $120,142      $ 46,242 

NET OIL AND GAS PROPERTIES, utilizing
   the full cost method . . . . . . . . .      42,425       186,746 

DEFERRED CHARGE . . . . . . . . . . . . .      21,036        21,036 
                                             --------      -------- 
                                             $183,603      $254,024 
                                             ========      ======== 

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable . . . . . . . . . . .    $  8,089      $  9,303 
                                             --------      -------- 
      Total current liabilities . . . . .    $  8,089      $  9,303 

PARTNERS' CAPITAL:
   General Partner, issued and outstanding,
     44 units . . . . . . . . . . . . . .       1,755         2,447 
   Limited Partners, issued and outstanding, 
     4,330 units  . . . . . . . . . . . .     173,759       242,274 
                                             --------      -------- 
      Total Partners' capital . . . . . .    $175,514      $244,721 
                                             --------      -------- 
                                             $183,603      $254,024 
                                             ========      ======== 

                      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, 1995 AND 1994
                              (Unaudited)


                                                1995        1994    
                                              --------    --------- 
 
REVENUES:
   Oil and gas sales, including
     $16,127 and $20,500 of sales
     to related parties (Note 2)  . . . .     $ 78,684      $67,572 
   Interest . . . . . . . . . . . . . . .          393          610 
                                              --------      ------- 
                                              $ 79,077      $68,182 
                                              --------      ------- 
COSTS AND EXPENSES:
   Oil and gas production . . . . . . . .     $ 35,625      $32,186 
   Depreciation, depletion, and amortiza-
     tion of oil and gas properties . . . .     22,870       11,432 
   Provision to reduce carrying value of
     oil and gas properties (Note 1)  . .       80,598          -   
   General and administrative (Note 2)  .       11,381       11,821 
                                              --------      ------- 
                                              $150,474      $55,439 
                                              --------      ------- 

NET (LOSS) INCOME   . . . . . . . . . . .    ($ 71,397)     $12,743 
                                              ========      ======= 
GENERAL PARTNER (1%) - net (loss) income     ($    714)     $   127 
                                              ========      ======= 
LIMITED PARTNERS (99%) - net (loss) income   ($ 70,683)     $12,616 
                                              ========      ======= 
NET (LOSS) INCOME PER UNIT  . . . . . . .    ($     17)     $     3 
                                              ========      ======= 
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, 1995 AND 1994
                              (Unaudited)

                                                1995         1994   
                                              ---------   --------- 
 
REVENUES:
   Oil and gas sales, including
     $54,295 and $71,074 of sales
     to related parties (Note 2)  . . . .     $209,291     $320,454 
   Interest . . . . . . . . . . . . . . .          452        1,212 
                                              --------     -------- 
                                              $209,743     $321,666 
                                              --------     -------- 
COSTS AND EXPENSES:
   Oil and gas production . . . . . . . .     $ 97,036     $127,604 
   Depreciation, depletion, and amortization
     of oil and gas properties . . . . . . .    58,797       78,579 
   Provision to reduce carrying value of
     oil and gas properties (Note 1)  . .       80,598          -   
   General and administrative (Note 2)  .       42,519       38,184 
                                              --------     -------- 
                                              $278,950     $244,367 
                                              --------     -------- 

NET (LOSS) INCOME   . . . . . . . . . . .    ($ 69,207)    $ 77,299 
                                              ========     ======== 
GENERAL PARTNER (1%) - net (loss) income     ($    692)    $    773 
                                              ========     ======== 
LIMITED PARTNERS (99%) - net (loss) income   ($ 68,515)    $ 76,526 
                                              ========     ======== 
NET (LOSS) INCOME PER UNIT  . . . . . . .    ($     16)    $     18 
                                              ========     ======== 
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, 1995 AND 1994
                              (Unaudited)


                                                1995         1994   
                                              ---------    ---------
 
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net (loss) income  . . . . . . . . . .      ($69,207)   $ 77,299 
   Adjustments to reconcile net (loss) income 
     to net cash provided by operating 
     activities:
     Depreciation, depletion, and amortiza-
      tion of oil and gas properties  . . .      58,797      78,579 
     Provision to reduce carrying value of 
      oil and gas properties  . . . . . .        80,598          -   
     (Increase) decrease in accrued oil and 
      gas sales . . . . . . . . . . . . .      ( 13,500)      2,447 
     Decrease in deferred charge  . . . .          -         24,817 
     Decrease in accounts payable . . . .      (  1,214)  (   1,332)
                                               -------     -------- 
      Net cash provided by operating 
        activities                              $55,474    $181,810 
                                               -------     -------- 

CASH FLOWS FROM INVESTING ACTIVITIES:
   Additions to oil and gas properties  .      $   -      ($  3,733)
   Retirements of oil and gas properties         4,926          -   
                                               -------     -------- 
      Net cash provided (used) by investing 
        activities  . . . . . . . . . . .      $ 4,926    ($  3,733)
                                               -------     -------- 

CASH FLOWS FROM FINANCING ACTIVITIES:
   Cash distributions . . . . . . . . . .      $   -      ($109,350)
                                               -------     -------- 

      Net cash used by financing activities:   $   -      ($109,350)
                                               -------     -------- 

NET INCREASE IN CASH AND CASH EQUIVALENTS      $60,400     $ 68,727 

CASH AND CASH EQUIVALENTS AT BEGINNING 
OF PERIOD                                        5,733       18,493 
                                               -------     -------- 
CASH AND CASH EQUIVALENTS AT END OF PERIOD     $66,133     $ 87,220 
                                               =======     ======== 

                     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, 1995
                              (Unaudited)


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

   The  balance  sheet  as  of  September  30,  1995,   statements  of
   operations for the three  and nine months ended September  30, 1995
   and  1994, and statements of  cash flows for  the nine months ended
   September  30, 1995 and 1994  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, 1995, results of  operations for the  three and nine
   months ended September 30, 1995 and 1994 and  changes in cash flows
   for the nine  months ended September  30, 1995 and  1994 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, 1994.  The results of operations for the period ended September
   30,  1995 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 $101,580 on the 1985-1
   Program and by $80,598 on the 1985-2 Program.  These excesses  were
   charged to expense during the three and nine months ended September
   30, 1995.  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.

                                 -10-
<PAGE>
<PAGE>
   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  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, 1995  and  1994  the  1985-1 Program  incurred  such
   expenses totaling  $11,963  and  $12,408,  respectively,  of  which
   $10,710 and  $10,710 were  paid to Dyco.   During  the nine  months
   ended  September 30, 1995 and 1994 the 1985-1 Program incurred such
   expenses  totaling  $43,454  and  $39,846,  respectively, of  which
   $32,130 and  $32,130 were paid  to Dyco.   During the  three months
   ended  September 30, 1995 and 1994 the 1985-2 Program incurred such
   expenses  totaling  $11,381  and $11,821,  respectively,  of  which
   $10,068  and $10,068  were paid  to Dyco.   During the  nine months
   ended  September 30, 1995 and 1994 the 1985-2 Program incurred such
   expenses  totaling $42,519  and  $38,184,  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  sell gas  at market  prices  to Premier  Gas Company
   ("Premier"),  an affiliated  company, and  Premier may  then resell
   such  gas to  third parties  at market  prices.   During the  three
   months ended September 30, 1995 and 1994 these sales for the 1985-1
   Program totaled $52,305 and $67,579, respectively.  During the nine
   months ended September 30, 1995 and 1994 these sales for the 1985-1
   Program totaled $176,286 and  $273,536, respectively.  At September
   30, 1995 accrued oil  and gas sales for the 1985-1 Program included
   $36,335  due from Premier.  During the three months ended September
   30,  1995 and  1994  these sales  for  the 1985-2  Program  totaled
   $16,127 and  $20,500, respectively.   During the nine  months ended
   September  30, 1995  and 1994  these sales  for the  1985-2 Program
   totaled  $54,295 and $71,074, respectively.   At September 30, 1995
   accrued oil and gas  sales for the 1985-2 Program  included $11,183
   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,  1995 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1994.

                                   Three months ended September 30, 
                                  -------------------------------- 
                                        1995           1994     
                                        ----           ----     
        Oil and gas sales              $79,977        $86,154   
        Oil and gas production 
         expenses                      $37,899        $32,022   
        Barrels produced                 1,013            508   
        Mcf produced                    50,853         53,334   
        Average price/Bbl              $ 17.30        $ 15.67   
        Average price/Mcf              $  1.23        $  1.47   

     As shown in the table above, oil and natural gas  sales decreased
     7.2% for the three months ended September 30, 1995 as compared to
     the  three  months  ended  September  30,  1994.   This  decrease
     resulted  from the decrease in both the volumes and average price
     of  natural  gas sold,  partially offset  by  an increase  in the
     volumes and average  price of  oil sold during  the three  months
     ended  September 30, 1995 as  compared to the  three months ended
     September  30, 1994.    Volumes  of  natural gas  sold  decreased
     slightly  by 2,481 Mcf for  the three months  ended September 30,
     1995  as compared to the  three months ended  September 30, 1994,
     while volumes of oil  sold increased 505 barrels for  the similar
     period of comparison.   The increase  in the volumes of  oil sold
     resulted primarily from significant positive prior period  volume
     adjustments from a purchaser on one of the 1985-1 Program's wells
     during  the  three months  ended  September  30, 1995.    Average
     natural  gas  prices decreased  to $1.23  per  Mcf for  the three
     months ended September 30, 1995 from $1.47 per Mcf  for the three

                                 -12-
<PAGE>
<PAGE>
     months  ended  September  30,  1994,  while  average  oil  prices
     increased  to  $17.30  per  barrel  for  the  three months  ended
     September  30, 1995 from $15.67  per barrel for  the three months
     ended September 30, 1994.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) increased  $5,877 for  the three
     months ended September 30,  1995 as compared to the  three months
     ended  September  30,  1994.   This  increase  resulted  from  an
     increase in  general repair  and maintenance expenses  during the
     three  months ended September 30,  1995 as compared  to the three
     months ended  September 30, 1994.  As a percentage of oil and gas
     sales, these  expenses increased  to 47.3%  for the three  months
     ended  September 30, 1995 from  37.2% for the  three months ended
     September 30, 1994.  This  percentage increase was primarily  due
     to the decrease in  the average price of natural gas  sold during
     the  three months  ended September  30, 1995  as compared  to the
     three months ended September 30, 1994.

     Depreciation,   depletion,  and  amortization   of  oil  and  gas
     properties increased $2,472 for  the three months ended September
     30,  1995 as  compared to  the three  months ended  September 30,
     1994.  This increase was primarily a result of (i) an increase in
     the volumes of oil  sold during the three months  ended September
     30, 1995 as compared to the three months ended September 30, 1994
     and  (ii) the  increase  in oil  and  gas properties  subject  to
     amortization  as a  result  of recent  recompletion and  workover
     activities on an existing  well in order to improve  the recovery
     of future reserves.   As a percentage of oil  and gas sales, this
     expense increased to  30.4% for the three months  ended September
     30, 1995 compared to  25.3% for the three months  ended September
     30, 1994.   This percentage increase resulted  primarily from the
     decrease  in the  average price  of natural  gas sold  during the
     three  months ended September 30,  1995 as compared  to the three
     months ended September 30, 1994.

     As a result of recent declines  in natural gas prices, the 1985-1
     Program  has recognized  a  non-cash charge  against earnings  of
     $101,580  during the three months ended September 30, 1995.  This
     valuation allowance for  oil and gas properties was necessary due
     to  the unamortized costs of oil and gas properties exceeding the
     present value of  the future  net revenues from  the oil and  gas
     properties.  No similar allowance was necessary during the  three
     months ended September 30, 1994.

     General and administrative  expenses decreased  slightly by  $445
     for the three  months ended September 30, 1995 as compared to the
     three months  ended September 30, 1994.   As a percentage  of oil
     and  gas sales,  these expenses  remained relatively  constant at
     15.0% for the three  months ended September 30, 1995  compared to
     14.4% for the three months ended September 30, 1994.

     NINE  MONTHS ENDED  SEPTEMBER 30,  1995 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1994.

                                 -13-
<PAGE>
<PAGE>
                                Nine months ended September 30, 
                                ------------------------------- 
                                        1995           1994     
                                        ----           ----     
        Oil and gas sales             $312,626       $426,005   
        Oil and gas production 
          expenses                    $114,750       $109,717   
        Barrels produced                 4,943          5,381   
        Mcf produced                   169,487        192,146   
        Average price/Bbl             $  18.88       $  16.78   
        Average price/Mcf             $   1.29       $   1.75   
   
     As shown in the table, oil and natural gas sales  decreased 26.6%
     for the nine months  ended September 30, 1995 as  compared to the
     nine months  ended September  30, 1994.   This  decrease resulted
     from the  decrease in volumes of  oil and natural gas  sold and a
     decrease in  the average  price  of natural  gas sold,  partially
     offset by an increase in the average price of oil sold during the
     nine  months ended  September 30,  1995 as  compared to  the nine
     months ended  September 30, 1994.  Volumes of oil and natural gas
     sold decreased 438 barrels and 22,659 Mcf, respectively,  for the
     nine  months ended  September 30,  1995 as  compared to  the nine
     months ended September 30, 1994.  The decrease  in the volumes of
     oil sold resulted  from positive prior period  adjustments on one
     well  during the  nine  months ended  September  30, 1994.    The
     decrease  in  the volumes  of natural  gas  sold was  primarily a
     result of  a clerical error made  by a purchaser in  a prior year
     which  was recouped by the purchaser during the nine months ended
     September 30, 1995.   Average oil prices increased to  $18.88 per
     barrel for the nine  months ended September 30, 1995  from $16.78
     per  barrel for the nine  months ended September  30, 1994, while
     natural  gas prices decreased to an average  of $1.29 per Mcf for
     the nine months ended September 30, 1995 from an average of $1.75
     per Mcf for the nine months ended September 30, 1994.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes)  increased $5,033  for the  nine
     months  ended September 30, 1995  as compared to  the nine months
     ended September 30, 1994.  This increase resulted  primarily from
     an increase in general repair and maintenance expenses during the
     nine  months ended  September 30,  1995 as  compared to  the nine
     months ended September 30, 1994.   As a percentage of oil and gas
     sales, these  expenses  increased to  36.7% for  the nine  months
     ended September 30,  1995 from  25.8% for the  nine months  ended
     September 30, 1994.   This percentage increase was primarily  due
     to the  decrease in the average price  of natural gas sold during
     the  nine months ended September 30, 1995 as compared to the nine
     months ended September 30, 1994.

     Depreciation,  depletion,   and  amortization  of  oil   and  gas
     properties decreased $23,580 for  the nine months ended September
     30, 1995 as compared to the nine months ended September 30, 1994.
     This  decrease was  primarily a  result of  the decreases  in the

                                 -14-
<PAGE>
<PAGE>
     volumes of oil and natural gas sold during the nine  months ended
     September 30, 1995 as compared to the nine months ended September
     30,  1994.  As  a percentage of  oil and gas  sales, this expense
     increased to 29.4% for  the nine months ended September  30, 1995
     from 27.1% for  the nine months ended  September 30, 1994.   This
     percentage increase  was  primarily due  to the  decrease in  the
     average  price of natural gas  sold during the  nine months ended
     September 30, 1995 as compared to the nine months ended September
     30, 1994.

     As a result of recent declines in natural  gas prices, the 1985-1
     Program  has recognized  a  non-cash charge  against earnings  of
     $101,580 during the nine  months ended September 30, 1995.   This
     valuation allowance for oil and  gas properties was necessary due
     to  the unamortized costs of oil and gas properties exceeding the
     present value of  the future net  revenues from  the oil and  gas
     properties.  No similar  allowance was necessary during the  nine
     months ended September 30, 1994.

     General and administrative expenses increased $3,608 for the nine
     months  ended September 30, 1995  as compared to  the nine months
     ended  September  30,  1994.     This  dollar  increase  resulted
     primarily from  an increase in the  1985-1 Program's professional
     fees  during the nine months ended September 30, 1995 as compared
     to the nine months ended September 30, 1994.  As  a percentage of
     oil and gas sales, these expenses increased to 13.9% for the nine
     months ended September  30, 1995  from 9.4% for  the nine  months
     ended September 30, 1994.  This percentage increase was primarily
     due to the dollar increase in general and administrative expenses
     as  discussed  above and  the decrease  in  the average  price of
     natural  gas sold during the nine months ended September 30, 1995
     as compared to the similar period in 1994.

     1985-2 PROGRAM  

     THREE  MONTHS ENDED SEPTEMBER 30,  1995 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1994.

                                    Three months ended September 30, 
                                    -------------------------------- 
                                        1995           1994     
                                        ----           ----     
        Oil and gas sales              $78,684        $67,572   
        Oil and gas production 
          expenses                     $35,625        $32,186   
        Barrels produced                 2,136          2,129   
        Mcf produced                    38,459         20,907   
        Average price/Bbl              $ 17.31        $ 16.90   
        Average price/Mcf              $  1.08        $  1.51   
 
     As shown in the table,  oil and natural gas sales increased 16.4%
     for the three months ended September 30, 1995 as  compared to the
     three  months ended September  30, 1994.   The  increase resulted
     primarily from the increase  in the volumes of natural  gas sold,
     partially  offset by a decrease  in the average  price of natural
     gas  sold during  the three  months ended  September 30,  1995 as
     compared to the three  months ended September 30, 1994.   Volumes
     of natural gas  sold increased  17,552 Mcf for  the three  months
     ended  September 30, 1995 as  compared to the  three months ended
     September 30, 1994, while volumes of oil sold remained relatively
     constant for the similar  period of comparison.  The  increase in
     volumes  of natural gas sold  was primarily a  result of positive
     prior period  volume adjustments  from  a purchaser  on one  well

                                 -15-
<PAGE>
<PAGE>
     during  the three months ended  September 30, 1995.   Average oil
     prices  increased to $17.31 per barrel for the three months ended
     September  30, 1995 from $16.90  per barrel for  the three months
     ended  September  30,  1994,  while average  natural  gas  prices
     decreased to $1.08 per  Mcf for the three months  ended September
     30, 1995 from $1.51 per Mcf for the three  months ended September
     30, 1994.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) increased  $3,439 for  the three
     months ended September 30,  1995 as compared to the  three months
     ended September  30,  1994.    This  increase  resulted  from  an
     increase in  general repair  and maintenance expenses  during the
     three  months ended September 30,  1995 as compared  to the three
     months ended  September 30, 1994.  As a percentage of oil and gas
     sales,  these expenses  decreased to 45.3%  for the  three months
     ended  September 30, 1995 from  47.6% for the  three months ended
     September 30, 1994.   This percentage decrease  was primarily due
     to the increase  in the  volumes of natural  gas sold,  partially
     offset  by the decrease in the average  price of natural gas sold
     during the three months  ended September 30, 1995 as  compared to
     the three months ended September 30, 1994.

     Depreciation,  depletion,  and   amortization  of  oil   and  gas
     properties increased $11,438 for the three months ended September
     30,  1995 as  compared to  the three  months ended  September 30,
     1994.  This increase was primarily the  result of the increase in
     the volumes of  natural gas  sold during the  three months  ended
     September  30,  1995  as  compared  to  the  three  months  ended
     September 30, 1994.  As  a percentage of oil and gas  sales, this
     expense  increased to 29.1% for  the three months ended September
     30, 1995 compared to  16.9% for the three months  ended September
     30, 1994.  This percentage  increase resulted primarily from  the
     decrease  in the  average price  of natural  gas sold  during the
     three  months ended September 30,  1995 as compared  to the three
     months ended September 30, 1994.

     As a result of recent declines in  natural gas prices, the 1985-2
     Program  has recognized  a  non-cash charge  against earnings  of
     $80,598 during the three  months ended September 30, 1995.   This
     valuation allowance for oil and  gas properties was necessary due
     to  the unamortized costs of oil and gas properties exceeding the
     present value  of the future  net revenues  from the oil  and gas
     properties.   No similar allowance was necessary during the three
     months ended September 30, 1994.

     General and administrative  expenses remained relatively constant
     for the three months ended September  30, 1995 as compared to the
     three months ended  September 30, 1994.   As a percentage of  oil
     and  gas sales, these expenses  decreased to 14.5%  for the three
     months ended September 30,  1995 from 17.5% for the  three months
     ended September 30, 1994.  This percentage decrease was primarily
     due to the increase in the volumes of natural gas sold, partially
     offset by the  decrease in the average price of  natural gas sold
     during the three months  ended September 30, 1995 as  compared to
     the three months ended September 30, 1994.

     NINE  MONTHS ENDED  SEPTEMBER 30,  1995 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1994.


                                 -16-
<PAGE>
<PAGE>
                                     Nine months ended September 30, 
                                   ------------------------------------ 
                                        1995             1994   
                                        ----             ----   
        Oil and gas sales             $209,291       $320,454   
        Oil and gas production 
          expenses                    $ 97,036       $127,604   
        Barrels produced                 6,204          7,263   
        Mcf produced                    83,284        104,185   
        Average price/Bbl             $  17.52       $  15.67   
        Average price/Mcf             $   1.21       $   1.98   

     As shown in the table, oil and natural gas sales  decreased 34.7%
     for the nine months  ended September 30, 1995 as  compared to the
     nine months ended September 30, 1994.  The decrease resulted from
     the decreases  in the volumes of oil and natural gas sold and the
     decrease in  the average  price  of natural  gas sold,  partially
     offset by an increase in the average price of oil sold during the
     nine  months ended  September 30,  1995 as  compared to  the nine
     months ended  September 30, 1994.  Volumes of oil and natural gas
     sold decreased  1,059 barrels  and 20,901 Mcf,  respectively, for
     the nine months ended September 30,  1995 as compared to the nine
     months  ended September  30, 1994.   The  decrease in  volumes of
     natural  gas sold  was primarily  a result  of revenues  received
     which were associated with  a gas balancing adjustment on  one of
     the 1985-2 Program's wells during the nine months ended September
     30, 1994.  Average oil prices  increased to $17.52 per barrel for
     the nine months ended  September 30, 1995 from $15.67  per barrel
     for  the  nine months  ended  September 30,  1994,  while average
     natural gas prices decreased to $1.21 per Mcf for the nine months
     ended September 30, 1995 from  $1.98 per Mcf for the  nine months
     ended September 30, 1994.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $30,568 for  the nine
     months  ended September 30, 1995  as compared to  the nine months
     ended September 30, 1994.   This decrease resulted primarily from
     the decrease  in the volumes of  oil and natural gas  sold during
     the nine months ended September 30, 1995.  As a percentage of oil
     and gas sales,  these expenses  increased to 46.4%  for the  nine
     months  ended September 30, 1995 from 39.8% for nine months ended
     September 30, 1994.   This percentage increase  was primarily due
     to  the decrease in the average price  of natural gas sold during
     the nine months ended September 30,  1995 as compared to the nine
     months ended September 30, 1994.

     Depreciation,  depletion,  and   amortization  of  oil  and   gas
     properties decreased $19,782 for  the nine months ended September
     30, 1995 as compared to the nine months ended September 30, 1994.
     This  decrease  was primarily  a result  of  the decrease  in the
     volumes of oil and natural gas sold during the  nine months ended
     September 30, 1995 as compared to the nine months ended September
     30, 1994.   As a percentage  of oil and  gas sales, this  expense
     increased to 28.1% for  the nine months ended September  30, 1995
     from 24.5%  for the nine months  ended September 30, 1994.   This
     percentage  increase  was primarily  due to  the decrease  in the
     average  price of natural gas  sold during the  nine months ended
     September 30, 1995 as compared to the nine months ended September
     30, 1994.

     As a result of recent declines in natural gas  prices, the 1985-2

                                 -17-
<PAGE>
<PAGE>
     Program  has recognized  a  non-cash charge  against earnings  of
     $80,598  during the nine months  ended September 30,  1995.  This
     valuation  allowance for oil and gas properties was necessary due
     to  the unamortized costs of oil and gas properties exceeding the
     present value of  the future net  revenues from  the oil and  gas
     properties.  No similar allowance  was necessary during the  nine
     months ended September 30, 1994.

     General and administrative expenses increased $4,335 for the nine
     months  ended September 30, 1995  as compared to  the nine months
     ended  September  30,  1994.     This  dollar  increase  resulted
     primarily from  an increase in the  1985-2 Program's professional
     fees  during the nine months ended September 30, 1995 as compared
     to the nine months ended September  30, 1994.  As a percentage of
     oil and gas sales, these expenses increased to 20.3% for the nine
     months  ended September 30, 1995  from 11.9% for  the nine months
     ended September 30, 1994.  This percentage increase was primarily
     due to the dollar increase in general and administrative expenses
     as discussed  above and the decreases  in the volumes  of oil and
     natural  gas sold and a decrease in  the average price of natural
     gas  sold  during the  nine months  ended  September 30,  1995 as
     compared to the nine months ended September 30, 1994.

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



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits 

          None

     (b)  Reports on Form 8-K

          None




                                 -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 13, 1995  By:       /s/Dennis R. Neill   
                             --------------------------    
                                   (Signature)
                                   Dennis R. Neill
                                   Senior Vice President



Date: November 13, 1995  By:       /s/Patrick M. Hall   
                             --------------------------    
                                   (Signature)
                                   Patrick M. Hall
                                   Senior Vice President - Controller
                                   Principal Accounting Officer

                                 -20-
<PAGE>