SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 10-K


[X]      Annual Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the Fiscal Year Ended December 31, 2000

OR

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

For the transition period from                  to
                             Commission file number 0-16208


                       WESTFORD TECHNOLOGY VENTURES, L.P.
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)


Delaware                                                              13-3423417
--------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

17 Academy Street, 5th Floor
Newark, New Jersey                                                    07102-2905
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:  (973) 624-2131

Securities registered pursuant to Section 12(b) of the Act:

Title of each class                    Name of each exchange on which registered
-------------------                    -----------------------------------------
      None                                            None

Securities registered pursuant to Section 12(g) of the Act:

                      Units of Limited Partnership Interest
--------------------------------------------------------------------------------
                                (Title of class)


<PAGE>


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 ___

Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

As of March 15, 2001,  11,204 units of limited  partnership  interest  ("Units")
were held by  non-affiliates of the registrant.  There is no established  public
trading market for such Units.




                       DOCUMENTS INCORPORATED BY REFERENCE


Portions of the definitive  proxy statement  relating to the 2001 Annual Meeting
of the  Limited  Partners  of the  Registrant,  to be held on June 29, 2001 (the
"Annual Meeting Proxy  Statement") are incorporated  herein by reference in Part
III hereof. The Annual Meeting Proxy Statement will be filed with the Commission
no later  than 120 days after the close of the fiscal  year ended  December  31,
2000.





<PAGE>


                                     PART I
Item 1.       Business.
              --------

Formation

Westford  Technology  Ventures,  L.P.  (the  "Partnership")  is a  Delaware
limited  partnership  formed on September 3, 1987.  WTVI Co., L.P., the managing
general partner of the Partnership (the "Managing  General  Partner"),  and four
individuals (the "Individual  General Partners") are the general partners of the
Partnership.  Hamilton Capital Management Inc. (the "Management Company") is the
general partner of the Managing General Partner and the Partnership's management
company. The Partnership began its principal operations on December 1, 1988.

The Partnership  operates as a business development company under the Investment
Company  Act of 1940.  The  Partnership's  investment  objective  is to  achieve
long-term capital  appreciation by making venture capital investments in new and
developing  companies and other special investment  situations.  The Partnership
considers  this activity to constitute  the single  industry  segment of venture
capital investing.

In 1988 and 1989,  the  Partnership  publicly  offered  35,000  units of limited
partnership  interest  ("Units") at $1,000 per Unit. The Units were sold through
The Stuart-James  Company,  Incorporated (the "Selling  Agent").  The Units were
registered under the Securities Act of 1933 pursuant to a Registration Statement
on Form N-2 (File No. 33-16891),  which was declared  effective on May 12, 1988.
The  Partnership  held its  initial and final  closing on November  25, 1988 and
January 31,  1989,  respectively.  A total of 11,217  Units were sold to limited
partners  (the  "Limited   Partners").   Gross  capital   contributions  to  the
Partnership  totaled  $11,333,170,  comprised  of  $11,217,000  from the Limited
Partners,  $112,170  from the  Managing  General  Partner  and  $4,000  from the
Individual General Partners.

The Partnership's  originally scheduled  termination date was December 31, 1998.
In November 2000, the Individual  General  Partners  approved the final two-year
extension  of the  Partnership's  term.  The  Partnership  is now  scheduled  to
terminate no later than December 31, 2002.

Portfolio Investments

During its investment  phase,  Partnership  made  investments in eight portfolio
companies.  The aggregate  cost of such  investments is  $14,634,449,  including
non-cash investments of $3,639,405. The Partnership will not make investments in
new portfolio companies.  However, the Partnership may make additional follow-on
investments in existing portfolio companies, if required. Portfolio transactions
completed during 2000 are listed below.

o        In January  2000,  SER  Systems AG  completed  its  acquisition  of EIS
         International,  Inc.  at $6.25  per  share.  The  Partnership  received
         $1,429,623  for its  remaining  228,682  shares of EIS,  resulting in a
         realized loss of $1,667,334 for accounting purposes.  The Partnership's
         total investment of $1,392,981 in Cybernetics Systems,  Inc., which was
         acquired by EIS in 1996, returned $1,898,675  resulting in a cumulative
         realized gain of $505,694 from this investment.

o        During  2000,  the  Partnership  completed  a follow-on  investment  in
         Thunderbird   Technologies,   Inc.  totaling   $60,769,   acquiring  an
         interest-bearing demand promissory note at prime.

As of December 31, 2000, the Partnership had three active portfolio  investments
with an  aggregate  cost of  $7,733,952  and a fair value of  $4,065,739.  As of
December 31, 2000, the Partnership had liquidated  investments with an aggregate
cost of $3,796,462. These liquidated investments returned $3,808,375,  resulting
in a cumulative net realized gain of $11,913.  Additionally,  from its inception
to December  31,  2000,  the  Partnership  had earned  $780,057 of interest  and
dividend income from its portfolio investments.  As a result, from its inception
to December 31, 2000,  the  Partnership  had a cumulative net realized gain from
its portfolio investments of $791,970.

Competition

The  Partnership  encounters  competition  from other  entities  having  similar
investment  objectives.  Primary competition for venture capital investments has
been  from  venture  capital  partnerships  and  corporations,  venture  capital
affiliates  of  large  industrial  and  financial   companies,   small  business
investment companies and wealthy individuals.  Competition also may develop from
foreign  investors and from large industrial and financial  companies  investing
directly  rather than through venture  capital  affiliates.  The Partnership has
been a co-investor with other  professional  venture capital investors and these
relationships  have generally  expanded the  Partnership's  access to investment
opportunities.  However,  as  discussed  above,  the  Partnership  will not make
investments in any new portfolio companies.

Employees

The Partnership has no employees.  The Managing General Partner,  subject to the
supervision  of the  Individual  General  Partners,  manages  and  controls  the
Partnership's venture capital investments. The Management Company is responsible
for the management and  administrative  services  necessary for the operation of
the Partnership,  including  managing the Partnership's idle cash balances which
are invested in short-term securities.

Item 2.    Properties.
           ----------

The Partnership does not own or lease physical properties.

Item 3.   Legal Proceedings.
          ----------------

The Partnership is not a party to any material pending legal proceedings.

Item 4.   Submission of Matters to a Vote of Security Holders.
          ---------------------------------------------------

No matter was submitted to a vote of security  holders during the fourth quarter
of the calendar year covered by this report.
                                     PART II

Item 5.   Market for Registrant's Common Equity and Related Stockholder Matters.
          ---------------------------------------------------------------------

There is no  established  public  trading  market  for the  Units  and it is not
anticipated  that any public  market for the Units will  develop.  Consequently,
Limited Partners cannot easily liquidate their investment.  Several  independent
broker/dealers  provide an informal  secondary  market for  limited  partnership
interests.  Transfers of Units are subject to certain  restrictions  pursuant to
the  Partnership  Agreement and also may be affected by  restrictions  on resale
imposed by the laws of certain states.

The  approximate  number of holders of Units as of March 15, 2001 is 1,603.  The
Managing  General  Partner  and the  four  Individual  General  Partners  of the
Partnership  also hold interests in the  Partnership.  Information  contained in
Item 12 of this report  "Security  Ownership  of Certain  Beneficial  Owners and
Management" is incorporated herein by reference.

The Partnership did not make any cash  distributions  to its Partners during the
three-year   period  ended   December  31,  2000  and  has  not  made  any  cash
distributions to Partners since the inception of the Partnership.

Item 6.       Selected Financial Data.
              -----------------------
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

($ in thousands, except for per unit information)
                                                                           Years Ended December 31,

                                                             2000          1999            1998           1997          1996
                                                          ---------      ---------      ---------       --------     ----------

Total assets                                              $  5,047       $   5,594      $   5,397       $  6,655      $   9,077

Net assets                                                   4,609           4,935          5,054          6,578          9,013

Net unrealized depreciation of investments                  (3,668)         (5,220)        (5,421)        (4,162)        (1,980)

Net investment loss                                           (210)           (273)          (197)          (222)          (257)

Net realized (loss) gain from investments                   (1,667)            (46)           (68)           (32)         2,923

Change in unrealized depreciation of investments             1,551             201         (1,259)        (2,181)        (4,428)

Decrease in net assets from operations                        (326)           (119)        (1,524)        (2,435)        (1,762)


Per unit of limited partnership interest:

Net asset value                                           $    407       $     435      $     446       $    580      $     790

Net investment loss                                            (19)            (25)           (20)           (22)           (24)

Net realized (loss) gain from investments                     (118)             (3)            (5)            (2)           219

Change in unrealized depreciation of investments               109              17           (109)          (186)          (325)
</TABLE>

Item 7.   Management's Discussion and Analysis of Financial Condition and
          Results of Operations.
          ----------------------------------------------------------------

Liquidity and Capital Resources

The  Partnership  sold its investment in EIS  International,  Inc. in connection
with the  acquisition  of EIS by SER Systems AG completed in January  2000.  The
Partnership  received  net  proceeds  of  $1,429,623,  or $6.25  for each of its
228,682 common shares of EIS.

As of December 31, 2000,  the  Partnership  had $919,613 in an  interest-bearing
cash  account.  Interest  earned on such  cash  balances  and  other  short-term
investments  for the  years  ended  December  31,  2000,  1999 and 1998  totaled
$22,567,  $187 and $415,  respectively.  Interest  earned from cash balances and
short-term   investments  in  future  periods  is  subject  to  fluctuations  in
short-term interest rates and changes in cash balances and amounts available for
investment in short-term securities.

The Partnership  has fully invested the net proceeds  received from the offering
of Units and will not make investments in new portfolio companies.  However, the
Partnership  may make  additional  follow-on  investments in existing  portfolio
companies,  if  required.  During  2000,  the  Partnership  made  one  follow-on
investment in Thunderbird Technologies, Inc. totaling $60,769.

As of December 31,  2000,  the  Partnership's  current  liabilities  of $437,971
included  $401,304  due  to  the  Management  Company.  The  amount  due  to the
Management  Company  represents unpaid management fees that had been temporarily
suspended.   Funds  needed  to  cover  current  liabilities,   future  follow-on
investments,  if any, and operating  expenses will be obtained from current cash
reserves  and  from  proceeds  from  the  sale  of the  Partnership's  remaining
portfolio investments.

In November 2000, the Individual  General  Partners  approved the final two-year
extension of the term of the  Partnership.  The  Partnership is now scheduled to
terminate no later than December 31, 2002.

Results of Operations

For the years ended December 31, 2000,  1999 and 1998 the  Partnership had a net
realized   loss  from   operations   of   $1,877,487,   $319,698  and  $264,993,
respectively.  Net realized gain or loss from operations is comprised of (i) net
realized gain or loss from portfolio  investments and (ii) net investment income
or loss (interest and dividend income less operating expenses).

Realized  Gains and  Losses  from  Portfolio  Investments  - For the year  ended
December 31, 2000, the  Partnership  had a net realized loss of $1,667,334  from
its portfolio  investments.  As discussed above, in January 2000, SER Systems AG
completed its  acquisition of EIS  International,  Inc. at $6.25 per share.  The
Partnership  received  $1,429,623  for its  EIS  shares,  compared  to a cost of
$3,096,597, resulting in a realized loss of $1,667,334.

For the year ended  December 31, 1999, the  Partnership  had a net realized loss
from its portfolio  investments  of $46,223  resulting from the write-off of the
remaining  receivable  balance due from the 1994 sale of Eidetics  Incorporated.
Eidetics  Incorporated was sold in 1994 in a management buyout for a $4,190 cash
down  payment  and  potential  future  payments  determined  by the actual  cash
receipts of the acquiring  company for five years from the buyout date. In 1994,
the Partnership  recorded a $250,597  receivable related to such expected future
payments.  At the end of the  five-year  period  actual cash  payments  received
against the receivable  balance totaled $204,374.  The Partnership also received
interest payments totaling $72,965 over the five-year period.

For the year ended  December 31, 1998, the  Partnership  had a net realized loss
from its  portfolio  investments  of $68,190,  resulting  from the sale of 6,600
common shares of EIS International, Inc. in June 1998. Such shares were sold for
$40,832 compared to a cost of $109,022.

Investment  Income  and  Expenses  - Net  investment  loss for the  years  ended
December  31,  2000,  1999  and  1998  was  $210,153,   $273,475  and  $196,803,
respectively.

The $63,322  favorable  change in net investment  loss for 2000 compared to 1999
resulted from a $26,410 increase in investment  income and a $36,912 decrease in
operating expenses. The increase in investment income for 2000 is comprised of a
$22,380 increase in interest from short-term investments and a 4,030 increase in
interest  income from  portfolio  investments.  The  increase  in interest  from
short-term  investments  primarily resulted from the increased cash balance held
by the  Partnership  during 2000 as compared to 1999.  As discussed  above,  the
Partnership received $1.4 million in January 2000 from the sale of its remaining
shares of EIS.  The  increase in  interest  income  from  portfolio  investments
primarily   resulted  from  the  additional   promissory  notes  of  Thunderbird
Technologies  held by the  Partnership  during  2000 as  compared  to 1999.  The
decrease in operating expenses included a $50,000 decline in the management fee,
as  discussed  below,  and a $15,000  decline  in fees  paid to the  Independent
General Partners. Effective on January 1, 2000, the Independent General Partners
voluntary agreed to waive of all future meeting fees, which were previously paid
at $1,000 per meeting. Reductions due to the management fee and fees paid to the
Independent  General  Partners  were  partially  offset  by  increases  in other
operating  expenses,  primarily  professional  fees  and  mailing  and  printing
expenses.  Professional  fees  increased  $23,812  for  2000  compared  to 1999,
primarily due to additional  accounting fees relating to the quarterly financial
statement review, which is now required for all business  development  companies
filing SEC Form 10-Q. Mailing and printing expenses increased by $4,115 for 2000
compared to 1999 due to additional  proxy costs and certain accrual  adjustments
made in the 1999 period.

The $76,672  unfavorable change in net investment loss for 1999 compared to 1998
is comprised of a $152,447  decrease in  investment  income  offset by a $75,775
reduction in operating  expenses.  The decrease in investment  income  primarily
resulted from the reduced  interest income related to promissory  notes due from
Spectrix Corporation, which were exchanged for additional equity holdings of the
company in March 1999.  The decrease in expenses for 1999 was due to the reduced
management  fees,  as discussed  below,  as well as a reduction  in  Independent
General  Partner's  fees,  reflecting  the  reduced  annual  fee  paid  to  each
Independent  General  Partner from $10,000 to $5,000  effective as of January 1,
1999.

The  Management  Company is responsible  for the  management and  administrative
services necessary for the operation of the Partnership. For these services, the
Management  Company  received a management  fee through  December 31, 1999 at an
annual rate of 2.5% of the gross capital  contributions  to the Partnership (net
of selling  commissions and  organizational  expenses paid by the  Partnership),
reduced  by capital  distributed  and  realized  losses,  with a minimum  fee of
$200,000 per annum.  The  Management  Company  voluntarily  agreed to reduce the
minimum  management  fee  payable  by the  Partnership  to  $150,000  per annum,
effective  January 1, 2000.  The management fee for the years ended December 31,
2000, 1999 and 1998 was $150,000,  $200,000 and $222,302,  respectively.  To the
extent  possible,  the  management  fee  and  other  expenses  incurred  by  the
Partnership  are paid with funds provided from  operations.  Funds provided from
operations  primarily  are  obtained  from  interest  received  from  short-term
investments,  interest and other income earned from  portfolio  investments  and
proceeds received from the sale of portfolio investments.

Unrealized Gains and Losses and Changes in Unrealized  Depreciation of Portfolio
Investments  - For the year ended  December  31,  2000,  the  Partnership  had a
$1,551,346  favorable  change in net  unrealized  depreciation  of  investments,
resulting from the transfer of $1,774,541  from unrealized loss to realized loss
relating to the sale of the Partnership's investment in EIS International, Inc.,
as discussed above,  partially offset by a $223,195 downward  revaluation of the
Partnership's investment in Inn-Room Systems, Inc.

For the year ended December 31, 1999, the Partnership had $201,080 favorable net
change in unrealized  depreciation  of  investments,  resulting  from a $921,862
upward  revaluation  its  investment in EIS  International,  Inc. and a $720,782
downward revaluation of its investment in Spectrix Corporation during 1999.

For  the  year  ended  December  31,  1998,  the  Partnership  had a  $1,259,082
unfavorable  net change in unrealized  depreciation  of  investments,  primarily
resulting  from a $1,312,829  net downward  revaluation of its investment in EIS
International, Inc. and Inn-Room Systems, Inc. during 1998. Partially offsetting
this unfavorable  change was a $53,747 transfer from unrealized loss to realized
loss resulting from the sale of 6,600 common shares of EIS, as discussed above.

Net Assets - Changes in net assets  resulting  from  operations are comprised of
(1) net realized gain or loss from  operations and (2) changes in net unrealized
appreciation or depreciation of portfolio investments.  As of December 31, 2000,
the Partnership's net assets were $4,609,282,  reflecting a decrease of $326,141
from net assets of $4,935,423 as of December 31, 1999. This decline reflects the
decrease in net assets  resulting from  operations,  comprised of the $1,877,487
net realized loss from operations  partially offset by the $1,551,346  favorable
change in net unrealized depreciation for 2000.

As  of  December  31,  1999,  the  Partnership's  net  assets  were  $4,935,423,
reflecting a decrease of $118,618  from net assets of  $5,054,041 as of December
31, 1998.  This  decline  reflects  the  decrease in net assets  resulting  from
operations,  comprised  of the  $201,080  favorable  change  in  net  unrealized
deprecation  of  investments  offset  by the  $319,698  net  realized  loss from
operations for 1999.

As  of  December  31,  1998,  the  Partnership's  net  assets  were  $5,054,041,
reflecting a decrease of $1,524,075 from net assets of $6,578,116 as of December
31, 1997.  This  decline  reflects  the  decrease in net assets  resulting  from
operations,  comprised of the  $1,259,082  unfavorable  change in net unrealized
depreciation and the $264,993 net realized loss from operations for 1998.

Gains and  losses  from  investments  are  allocated  to the  Partners'  capital
accounts when realized in accordance with the Partnership  Agreement (see Note 3
of Notes to Financial Statements).  However, for purposes of calculating the net
asset value per unit of limited  partnership  interest ("Unit"),  net unrealized
appreciation  or depreciation of investments has been included as if it had been
realized  and  allocated  to  the  Limited   Partners  in  accordance  with  the
Partnership  Agreement.  Pursuant to such  calculation,  the net asset value per
$1,000 Unit as of December 31,  2000,  1999 and 1998 was $407,  $435,  and $446,
respectively.

Item 7A.  Quantitative and Qualitative Disclosures about Market Risk

The  Partnership  is subject to market risk arising from changes in the value of
its portfolio  investments,  short-term  investments and  interest-bearing  cash
equivalents,  which may result from  fluctuations  in interest  rates and equity
prices.  The  Partnership has calculated its market risk related to its holdings
of these  investments  based on changes  in  interest  rates and  equity  prices
utilizing  a  sensitivity  analysis.  The  sensitivity  analysis  estimates  the
hypothetical  change in fair values, cash flows and earnings based on an assumed
10% change  (increase  or  decrease)  in interest  rates and equity  prices.  To
perform the  sensitivity  analysis,  the assumed 10% change is applied to market
rates  and  prices  on  investments  held by the  Partnership  at the end of the
accounting period.

The  Partnership's   portfolio  investments  had  an  aggregate  fair  value  of
$4,065,739  as of December 31, 2000.  An assumed 10% decline from this  December
31,  2000 fair  value  would  result in a  reduction  to the fair  value of such
investments and an unrealized loss of $406,574.

The  Partnership had no short-term  investments as of December 31, 2000.  Market
risk relating to the Partnership's  interest-bearing cash equivalents held as of
December 31, 2000 is considered to be immaterial.






Item 8.       Financial Statements and Supplementary Data.
              -------------------------------------------


                    WESTFORD TECHNOLOGY VENTURES, L.P.
                                INDEX

Report of Independent Certified Public Accountants - BDO Seidman, LLP

Balance Sheets as of December 31, 2000 and 1999

Schedule of Portfolio Investments as of December 31, 2000

Schedule of Portfolio Investments as of December 31, 1999

Statements of Operations for the years ended December 31, 2000, 1999 and 1998

Statements of Cash Flows for the years ended December 31, 2000, 1999 and 1998

Statements of Changes in Partners' Capital for the years ended December 31,
1998, 1999 and 2000

Notes to Financial Statements

NOTE - All  schedules  are omitted  because of the absence of  conditions  under
which they are required or because the required  information  is included in the
financial statements or the notes thereto.



<PAGE>




REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



The Partners
Westford Technology Ventures, L.P.
Newark, New Jersey

We have audited the accompanying balance sheets of Westford Technology Ventures,
L.P. (the "Partnership"), including the schedule of portfolio investments, as of
December 31, 2000 and 1999, and the related statements of operations, changes in
partners'  capital,  and cash  flows for each of the three  years in the  period
ended December 31, 2000. These financial  statements are the  responsibility  of
the  Partnership's  management.  Our  responsibility is to express an opinion on
these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the  United  States of  America.  Those  standards  require  that we plan and
perform the audit to obtain  reasonable  assurance  about  whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
presentation of the financial  statements.  We believe that our audits provide a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects,  the financial position of Westford Technology  Ventures,
L.P. at December 31, 2000 and 1999,  and the results of its  operations  and its
cash flows for each of the three years in the period ended  December 31, 2000 in
conformity with accounting principles generally accepted in the United States of
America.

As explained in Note 2, the financial  statements include  investments valued at
$4,065,739  and  $4,228,165,  as of December  31,  2000 and 1999,  respectively,
representing 88% and 86% of partners' capital,  respectively,  whose values have
been  estimated  by the  managing  general  partner  in the  absence  of readily
ascertainable  market  values.  We  have  reviewed  the  procedures  used by the
managing  general  partner  in  arriving  at its  estimates  of  value  of  such
investments   and  have   inspected   underlying   documentation   and,  in  the
circumstances,  we believe the procedures  are reasonable and the  documentation
appropriate.  However,  those estimated values may differ significantly from the
values that would have been used had a ready market for the investments existed,
and the differences could be material.




BDO Seidman, LLP

New York, New York
March 14, 2001


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
BALANCE SHEETS
December 31,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                                                 2000                1999
                                                                                            ---------------   -----------------

ASSETS

Portfolio investments at fair value (cost of $7,733,952 as of
    December 31, 2000 and $10,769,780 as of December 31, 1999)                              $     4,065,739    $      5,550,221
Cash and cash equivalents                                                                           919,613                 603
Accrued interest receivable                                                                          61,901              43,048
                                                                                            ---------------    ----------------

TOTAL ASSETS                                                                                $     5,047,253    $      5,593,872
                                                                                            ===============    ================


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
Accounts payable and accrued expenses                                                       $        36,667    $         35,645
Due to Management Company                                                                           401,304             540,304
Due to Independent General Partners                                                                       -              82,500
                                                                                            ---------------    ----------------
   Total liabilities                                                                                437,971             658,449
                                                                                            ---------------    ----------------

Partners' Capital:
Managing General Partner                                                                            238,751             584,100
Individual General Partners                                                                           2,821               3,367
Limited Partners (11,217 Units)                                                                   8,035,923           9,567,515
Unallocated net unrealized depreciation of investments                                           (3,668,213)         (5,219,559)
                                                                                            ---------------    ----------------
   Total partners' capital                                                                        4,609,282           4,935,423
                                                                                            ---------------    ----------------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                                     $     5,047,253    $      5,593,872
                                                                                            ===============    ================

</TABLE>

See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
SCHEDULE OF PORTFOLIO INVESTMENTS
December 31, 2000
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                           Initial
                                                                         Investment
Investment Description                                                      Date                  Cost               Fair Value
-------------------------------------------------------------------------------------------------------------------------------
Inn-Room Systems, Inc.* (A)
Automated in-room vending units for the lodging industry
15,485 shares of Common Stock                                            Oct. 1989            $    1,320,349    $         76,805
Convertible Demand Note at prime plus 1%                                                             102,940             102,940
                                                                                              --------------    ----------------
                                                                                                   1,423,289             179,745
--------------------------------------------------------------------------------------------------------------------------------
Spectrix Corporation*
Infrared data transfer technology for networks
60,547 shares of Series A Preferred Stock                                June 1989                   784,319              60,547
2,216,626 shares of Series B Preferred Stock                                                       4,261,901           2,216,626
699,256 shares of Common Stock                                                                       354,878             699,256
Warrants to purchase 50,000 shares of Common Stock at
   $4.00 per share, expiring 04/30/03                                                                      0                   0
                                                                                              --------------    ----------------
                                                                                                   5,401,098           2,976,429
--------------------------------------------------------------------------------------------------------------------------------
Thunderbird Technologies, Inc.
Designer of high performance, low power integrated
   circuit products
788,796 shares of Series A Preferred Stock                               Oct. 1992                   788,796             788,796
Convertible Demand Notes at prime                                                                    120,769             120,769
                                                                                              --------------    ----------------
                                                                                                     909,565             909,565
--------------------------------------------------------------------------------------------------------------------------------

TOTAL PORTFOLIO INVESTMENTS (A)                                                               $    7,733,952    $      4,065,739
                                                                                              ==============    ================

</TABLE>


* May be deemed  an  affiliated  person of the  Partnership  as  defined  by the
Investment Company Act of 1940.


(A) As a result of two  separate  1 for 10 reverse  stock  splits  completed  by
    Inn-Room  Systems,  Inc.,  the  Partnership  exchanged its 1,548,494  common
    shares for 15,485 common shares.

(B) In  January  2000,   SER  Systems  AG  completed  its   acquisition  of  EIS
    International,  Inc. at $6.25 per share. The Partnership received $1,429,623
    for its EIS shares, resulting in a realized loss of $1,667,334.






See notes to financial statements.




<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
SCHEDULE OF PORTFOLIO INVESTMENTS
December 31, 1999
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                          Initial
                                                                         Investment
Investment Description                                                      Date                  Cost               Fair Value
--------------------------------------------------------------------------------------------------------------------------------
EIS International, Inc.
Systems for call center telephone operators
228,682 shares of Common Stock                                           Mar. 1990          $      3,096,597     $     1,322,056
--------------------------------------------------------------------------------------------------------------------------------
Inn-Room Systems, Inc.*
Automated, in-room vending units for the lodging industry
1,548,494 shares of Common Stock                                         Oct. 1989                 1,320,349             300,000
Demand Promissory Note at prime plus 1%                                                              102,940             102,940
                                                                                            ----------------     ---------------
                                                                                                   1,423,289             402,940
--------------------------------------------------------------------------------------------------------------------------------
Spectrix Corporation*
Infrared data transfer technology for networks
60,547 shares of Series A Preferred Stock                                June 1989                   784,319              60,547
2,216,626 shares of Series B Preferred Stock                                                       4,261,901           2,216,626
699,256 shares of Common Stock                                                                       354,878             699,256
Warrants to purchase 50,000 shares of Common Stock at
   $4.00 per share, expiring 04/30/03                                                                      0                   0
                                                                                            ----------------     ---------------
                                                                                                   5,401,098           2,976,429
--------------------------------------------------------------------------------------------------------------------------------
Thunderbird Technologies, Inc.
Designer of high performance, low power integrated
   circuit products
788,796 shares of Series A Preferred Stock                               Oct. 1992                   788,796             788,796
Demand Promissory Notes at prime                                                                      60,000              60,000
                                                                                            ----------------     ---------------
                                                                                                     848,796             848,796
--------------------------------------------------------------------------------------------------------------------------------

TOTAL PORTFOLIO INVESTMENTS                                                                 $     10,769,780     $     5,550,221
                                                                                            ================     ===============


</TABLE>

* May be deemed  an  affiliated  person of the  Partnership  as  defined  by the
Investment Company Act of 1940.



See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF OPERATIONS
For the Years Ended December 31,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                                 2000             1999                1998
                                                                            -------------     --------------      -------------

INVESTMENT INCOME AND EXPENSES

   Income:
   Interest from short-term investments                                     $      22,567      $         187     $           415
   Interest and other income from portfolio investments                            17,170             13,140             165,359
                                                                            -------------      -------------     ---------------
     Total investment income                                                       39,737             13,327             165,774
                                                                            -------------      -------------     ---------------

   Expenses:
   Management fee                                                                 150,000            200,000             222,302
   Professional fees                                                               52,297             28,485              65,024
   Independent General Partners' fees                                              15,000             30,000              42,000
   Mailing and printing                                                            25,730             21,615              24,901
   Custody fees                                                                     6,025              6,000               6,225
   Other expenses                                                                     838                702               2,125
                                                                            -------------      -------------     ---------------
     Total expenses                                                               249,890            286,802             362,577
                                                                            -------------      -------------     ---------------

NET INVESTMENT LOSS                                                              (210,153)          (273,475)           (196,803)

Net realized loss from portfolio investments                                   (1,667,334)           (46,223)            (68,190)
                                                                            -------------      -------------     ---------------

NET REALIZED LOSS FROM OPERATIONS                                              (1,877,487)          (319,698)           (264,993)

Change in unrealized depreciation of investments                                1,551,346            201,080          (1,259,082)
                                                                            -------------      -------------     ---------------

NET DECREASE IN NET ASSETS
   RESULTING FROM OPERATIONS                                                $    (326,141)     $    (118,618)    $    (1,524,075)
                                                                            =============      =============     ===============


</TABLE>



See notes to financial statements.



<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF CASH FLOWS
For the Years Ended December 31,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                                 2000              1999                1998
                                                                            -------------      -------------      -------------

CASH FLOWS USED FOR OPERATING ACTIVITIES

Net investment loss                                                         $    (210,153)     $    (273,475)     $    (196,803)

Adjustments to reconcile net investment loss to cash
   used for operating activities:
Increase in accrued interest receivable                                           (18,853)            (3,429)          (133,510)
(Decrease) increase in liabilities                                               (220,478)           315,144            266,316
                                                                            -------------      -------------      -------------
Cash (used for) provided from operating activities                               (449,484)            38,240            (63,997)
                                                                            -------------      -------------      -------------

CASH PROVIDED FROM (USED FOR) INVESTING
   ACTIVITIES

Cost of portfolio investments purchased                                           (60,769)           (60,000)           (40,815)
Proceeds from the sale of portfolio investments                                 1,429,263             14,365             96,749
                                                                            -------------      -------------      -------------
Cash provided from (used for) investing activities                              1,368,494            (45,635)            55,934
                                                                            -------------      -------------      -------------

Increase (decrease) in cash and cash equivalents                                  919,010             (7,395)            (8,063)
Cash and cash equivalents at beginning of period                                      603              7,998             16,061
                                                                            -------------      -------------      -------------

CASH AND CASH EQUIVALENTS AT END OF
   PERIOD                                                                   $     919,613      $         603      $       7,998
                                                                            =============      =============      =============


Supplemental disclosure of non-cash investing and
   financing activities:
     Purchase of Inn Room Systems, Inc. common stock
       through reduction of notes                                           $           -      $           -      $         680
     Conversion of accrued interest into cost of portfolio
       investment - Spectix Corporation                                     $           -      $     249,566      $           -
</TABLE>

See notes to financial statements.



<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
For the Years Ended December 31, 1998, 1999 and 2000
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                                              Unallocated
                                           Managing        Individual                       Net Unrealized
                                            General         General          Limited         Depreciation
                                            Partner         Partners        Partners        of Investments          Total
                                         ------------      ----------    ---------------    ---------------     ---------------
Balance as of December 31, 1997          $    577,197      $    3,577    $    10,158,899    $    (4,161,557)    $     6,578,116

Net investment loss                            30,797             (81)          (227,519)                 -            (196,803)

Net realized loss from portfolio
   investments                                (14,178)            (19)           (53,993)                 -             (68,190)

Change in unrealized
   depreciation of investments                      -               -                  -         (1,259,082)         (1,259,082)
                                         ------------      ----------    ---------------    ---------------     ---------------

Balance as of December 31, 1998               593,816           3,477          9,877,387(A)      (5,420,639)          5,054,041

Net investment loss                              (105)            (97)          (273,273)                 -            (273,475)

Net realized loss from portfolio
   investments                                 (9,611)            (13)           (36,599)                 -             (46,223)

Change in unrealized
   depreciation of investments                      -               -                  -            201,080             201,080
                                         ------------      ----------    ---------------    ---------------     ---------------

Balance as of December 31, 1999               584,100           3,367          9,567,515(A)      (5,219,559)          4,935,423

Net investment loss                             1,320             (75)          (211,398)                 -            (210,153)

Net realized loss from portfolio
   investments                               (346,669)           (471)        (1,320,194)                 -          (1,667,334)

Change in unrealized
   depreciation of investments                      -               -                  -          1,551,346           1,551,346
                                         ------------      ----------    ---------------    ---------------     ---------------

Balance as of December 31, 2000          $    238,751      $    2,821     $    8,035,923 (A) $   (3,668,213)    $     4,609,282
                                         ============      ==========     ==============     ==============     ===============
</TABLE>


(A)  The net asset value per unit of limited partnership interest,  including an
     assumed allocation of net unrealized depreciation of investments, was $407,
     $435 and $446 as of December 31, 2000, 1999 and 1998, respectively.


See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS

1.     Organization and Purpose

Westford  Technology  Ventures,  L.P.  (the  "Partnership")  is a  Delaware
limited  partnership  formed on September 3, 1987.  WTVI Co., L.P., the managing
general partner of the  Partnership  (the "Managing  General  Partner") and four
individuals (the "Individual  General Partners") are the general partners of the
Partnership.  Hamilton Capital Management Inc. (the "Management Company") is the
general partner of the Managing  General  Partner and the management  company of
the Partnership.  The Partnership began its principal  operations on December 1,
1988.

The  Partnership's  objective is to achieve  long-term  capital  appreciation by
making venture  capital  investments  in new and developing  companies and other
special  investment  situations.  The  Partnership  will not engage in any other
business or activity. In November 2000, the Individual General Partners approved
the final two-year  extension of the Partnership's  term. The Partnership is now
scheduled to terminate no later than December 31, 2002.

2.     Significant Accounting Policies

Valuation of Investments - Short-term investments are carried at amortized cost,
which approximates market.  Portfolio  investments are carried at fair value, as
determined  quarterly by the Managing  General  Partner under the supervision of
the Individual General Partners.  Publicly held portfolio  securities are valued
at the closing public market price on the valuation date  discounted by a factor
of 0% to 50% for sales restrictions.  Factors considered in the determination of
an  appropriate  discount  include,  underwriter  lock-up  or Rule  144  trading
restrictions,  insider status where the Partnership  either has a representative
serving on the Board of  Directors  or is greater  than a 10%  shareholder,  and
other  liquidity  factors  such as the size of the  Partnership's  position in a
given company compared to the trading history of the public security.  Privately
held  portfolio  securities  are valued at cost until  significant  developments
affecting the  portfolio  company  provide a basis for change in valuation.  The
fair  value  of  private   securities  is  adjusted  to  reflect  1)  meaningful
third-party  transactions  in the private market or 2)  significant  progress or
slippage  in the  development  of the  company's  business  such that cost is no
longer  reflective of fair value.  As a venture  capital  investment  fund,  the
Partnership's  portfolio  investments  involve  a high  degree of  business  and
financial  risk that can result in  substantial  losses.  The  Managing  General
Partner  considers such risks in determining the fair value of the Partnership's
portfolio investments.

Use of Estimates - The  preparation of financial  statements in conformity  with
generally accepted  accounting  principles requires management to make estimates
and assumptions  that affect the reported  amounts of assets and liabilities and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

Investment  Transactions - Investment  transactions  are recorded on the accrual
method.  Portfolio  investments  are  recorded on the trade  date,  the date the
Partnership  obtains an  enforceable  right to demand the  securities or payment
therefore.  Realized  gains and losses on  investments  sold are  computed  on a
specific identification basis.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS, continued

Income Taxes - No provision  for income taxes has been made since all income and
losses are  allocable to the Partners for inclusion in their  respective  income
tax returns.  The  Partnership's  net assets for  financial  reporting  purposes
differ from its net assets for tax purposes. Net unrealized depreciation of $3.7
million as of December 31, 2000, was recorded for financial  statement  purposes
but has not been  recognized for tax purposes.  Additionally,  from inception to
December  31,  2000,  other  timing  differences  relating  to the sale of Units
totaling  $1.2  million  were  charged to  partners'  capital  on the  financial
statements but have not been deducted or charged against  partners'  capital for
tax purposes.

Cash Equivalents - The Partnership  considers all highly liquid debt instruments
(primarily money market funds) to be cash equivalents.

3.     Allocation of Partnership Profits and Losses

The  Partnership  Agreement  provides that the Managing  General Partner will be
allocated,  on a cumulative basis over the life of the  Partnership,  20% of the
Partnership's  aggregate  investment  income and net realized gains from venture
capital investments,  provided that such amount is positive. All other gains and
losses of the Partnership  are allocated  among all the Partners,  including the
Managing   General   Partner,   in  proportion  to  their   respective   capital
contributions to the Partnership.

4.     Related Party Transactions

The  Management  Company is responsible  for the  management and  administrative
services necessary for the operation of the Partnership. For these services, the
Management  Company  received a management  fee through  December 31, 1999 at an
annual rate of 2.5% of the gross capital  contributions  to the Partnership (net
of selling  commissions and  organizational  expenses paid by the  Partnership),
reduced  by capital  distributed  and  realized  losses,  with a minimum  fee of
$200,000 per annum.  The  Management  Company  voluntarily  agreed to reduce the
minimum  management  fee  payable  by the  Partnership  to  $150,000  per annum,
effective January 1, 2000.

The Management Company also directly provides certain  shareholder  services and
database  management  support for the Limited Partners of the  Partnership.  For
such services,  the Management Company had charged the Partnership an additional
fee of $8,500 per quarter through December 31, 1998. This amount was paid to the
Management  Company in addition to the regular  management fee discussed  above.
Effective  January 1, 1999,  however,  the Management  Company agreed to provide
such services for no additional fee.

From  inception  of the  Partnership  to December  31,  1998,  each of the three
Independent  General  Partners  received an annual fee of $10,000 and $1,000 for
each meeting of the Independent  General Partners  attended,  plus out-of-pocket
expenses.  Effective  January 1, 1999,  the annual fee paid to each  Independent
General Partner was reduced to $5,000. Additionally,  effective January 1, 2000,
the Independent General Partners voluntarily waived all future meeting fees.



<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS, continued

5.     Classification of Portfolio Investments

As of December 31, 2000 and 1999 the  Partnership's  portfolio  investments were
categorized as follows:
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

As of December 31, 2000:
-----------------------                                                                                  Percentage of
Investment Type                                            Cost                   Fair Value               Net Assets*
---------------                                       ---------------           ---------------           -----------
Preferred Stock                                      $      5,835,016            $    3,065,969               66.52%
Common Stock                                                1,675,227                   776,061               16.84%
Debt Securities                                               223,709                   223,709                4.85%
                                                     ----------------            --------------              -------
Total                                                $      7,733,952            $    4,065,739               88.21%
                                                     ================            ==============               ======

Country/Geographic Region
Midwestern U.S.                                      $      6,824,387            $    3,156,174               68.48%
Eastern U.S.                                                  909,565                   909,565               19.73%
                                                     ----------------            --------------               ------
Total                                                $      7,733,952            $    4,065,739               88.21%
                                                     ================            ==============               ======

Industry
Wireless Communications                              $      5,401,098            $    2,976,429               64.58%
Vending Equipment                                           1,423,289                   179,745                3.90%
Semiconductors                                                909,565                   909,565                19.73%
                                                     ----------------            --------------               -------
Total                                                $      7,733,952            $    4,065,739               88.21%
                                                     ================            ==============               ======


As of December 31, 1999:
-----------------------                                                                                 Percentage of
Investment Type                                            Cost                   Fair Value              Net Assets*
---------------                                       ---------------           ---------------           -----------
Preferred Stock                                      $      5,835,016            $    3,065,969               62.12%
Common Stock                                                4,771,824                 2,321,312               47.04%
Debt Securities                                               162,940                   162,940                3.30%
                                                     ----------------            --------------             --------
Total                                                $     10,769,780            $    5,550,221              112.46%
                                                     ================            ==============             ========

Country/Geographic Region
Midwestern U.S.                                      $      6,824,387            $    3,379,369               68.47%
Eastern U.S.                                                3,945,393                 2,170,852               43.99%
                                                     ----------------            --------------             --------
Total                                                $     10,769,780            $    5,550,221              112.46%
                                                     ================            ==============             ========

Industry
Wireless Communications                              $      5,401,098            $    2,976,429               60.32%
Computer Software                                           3,096,597                 1,322,056               26.78%
Vending Equipment                                           1,423,289                   402,940                8.16%
Semiconductors                                                848,796                   848,796               17.20%
                                                     ----------------            --------------             --------
Total                                                $     10,769,780            $    5,550,221              112.46%
                                                     ================            ==============             ========
</TABLE>


* Fair value as a percentage of net assets.




<PAGE>


Item 9.       Changes in and Disagreements with Accountants on Accounting and
              Financial Disclosure.
              ---------------------------------------------------------------
None.
                                    PART III

Item 10.      Directors and Executive Officers of the Registrant.
              --------------------------------------------------

The Partnership

The  information set forth under the caption  "Election of General  Partners" in
the Annual Meeting Proxy Statement is incorporated herein by reference.

The Management Company

The  Management  Company is responsible  for the  management and  administrative
services  necessary  for  the  operation  of  the  Partnership  pursuant  to the
Management  Agreement between the Partnership and the Management  Company. As of
March 15, 2001, the directors and executive  officers of the Management  Company
are:

Name and Age                    Position Held                   Director Since

Jeffrey T. Hamilton (63)        President, Secretary and       September 3, 1987
                                Chairman of the Board of
                                Directors

Louise M. Hamilton (60)         Director                       August 23, 1991

Susan J. Trammell (46)          Treasurer and Director         February 27, 1991

The directors of the Management  Company will serve as directors  until the next
annual  meeting of  stockholders  and until  their  successors  are  elected and
qualified.  The  officers of the  Management  Company will hold office until the
next annual  meeting of the Board of  Directors  of the  Management  Company and
until their successors are elected and qualified.

The  information  with  respect to Mr.  Hamilton,  the sole  shareholder  of the
Management  Company,  set forth under the  subcaption  "Election  of  Individual
General  Partners" in the Annual Meeting Proxy Statement is incorporated  herein
by reference.

There are no family  relationships  among any of the Individual General Partners
of the  Partnership.  Jeffrey T.  Hamilton  and Louise M.  Hamilton,  President,
Secretary and Chairman of the Board of Directors and Director of the  Management
Company, respectively, are husband and wife.

Item 11.      Executive Compensation.
              ----------------------

The  information  with respect to the  compensation  of the  Individual  General
Partners  set  forth  under  the  subcaption  "Election  of  Individual  General
Partners"  in the Annual  Meeting  Proxy  Statement  is  incorporated  herein by
reference.

The  information  with  respect  to  the  allocation  and  distribution  of  the
Partnership's profits and losses to the Managing General Partner set forth under
the  subcaption  "Election of Managing  General  Partner" in the Annual  Meeting
Proxy Statement is incorporated herein by reference.

The  information  with respect to the  management  fee payable to the Management
Company  set forth  under  the  caption  "The  Terms of the  Current  Management
Agreement and the Proposed  Management  Agreement"  in the Annual  Meeting Proxy
Statement is incorporated herein by reference.

Item 12.      Security Ownership of Certain Beneficial Owners and Management.
              --------------------------------------------------------------

The  information  concerning the security  ownership of the  Individual  General
Partners  set  forth  under  the  subcaption  "Election  of  Individual  General
Partners"  in the Annual  Meeting  Proxy  Statement  is  incorporated  herein by
reference.

As of March 15, 2001, no person or group is known by the  Partnership  to be the
beneficial  owner of more than 5 percent of the Units.  Mr. Ames,  an Individual
General  Partner  of the  Partnership,  owns  10  Units  and Ms.  Trammell,  the
Treasurer and Director of the Management  Company,  owns 3 Units. The Individual
General  Partners and the directors and officers of the Management  Company as a
group own 13 Units or less than one percent of the total Units outstanding.

The Partnership is not aware of any arrangement  that may, at a subsequent date,
result in a change of control of the Partnership.

Item 13.      Certain Relationships and Related Transactions.
              ----------------------------------------------

Not applicable.




                                     PART IV

Item 14.      Exhibits, Financial Statements, Schedules and Reports on Form 8-K.
              -----------------------------------------------------------------

(a)           1.  Financial Statements

                  Report of Independent Certified Public Accountants - BDO
                  Seidman, LLP

                  Balance Sheets as of December 31, 2000 and 1999

                  Schedule of Portfolio Investments as of December 31, 2000

                  Schedule of Portfolio Investments as of December 31, 1999

                  Statements of Operations for the years ended December 31,
                  2000, 1999 and 1998

                  Statements of Cash Flows for the years ended December 31,
                  2000, 1999 and 1998

                  Statements of Changes in Partners' Capital for the years ended
                  December 31, 2000, 1999 and 1998

                  Notes to Financial Statements

              2.  Exhibits

                  3.1    Amended and Restated Certificate of Limited Partnership
                         of  the  Registrant   (filed  as  Exhibit  3.1  to  the
                         Registrant's  Annual  Report  on Form 10-K for the year
                         ended  December  31,  1991 and  incorporated  herein by
                         reference).

                  3.2    Amended and Restated  Agreement of Limited  Partnership
                         of  the  Registrant  (filed  as  Exhibit  1(c)  to  the
                         Registrant's  Registration  Statement  on Form N-2 (No.
                         33-16891) and incorporated herein by reference).

                  10     Management  Agreement  dated as of  February  28,  1991
                         between  the  Registrant  and  the  Management  Company
                         (filed  as  Exhibit  A to the  Registrant's  definitive
                         proxy  statement  in  connection  with the 1991  Annual
                         Meeting of Limited Partners and incorporated  herein by
                         reference).

(b)               No reports on Form 8-K have been filed during the fourth
                  quarter of the fiscal year covered by this report.


<PAGE>


                                   SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  this  report has been  signed  below by the  following  persons on
behalf of the Registrant,  in the capacities  indicated on the 30th day of March
2001.


         WESTFORD TECHNOLOGY VENTURES, L.P.


By:      WTVI Co., L.P.
         its managing general partner


By:      Hamilton Capital Management Inc.
         its general partner


By:      /s/   Jeffrey T. Hamilton       President, Secretary and Director
         ----------------------------    (Principal Executive Officer) of
         Jeffrey T. Hamilton             Hamilton Capital Management Inc.
                                         and Individual General Partner of
                                         Westford Technology Ventures, L.P.


By:      /s/   Susan J. Trammell         Treasurer and Director (Principal
         ----------------------------    Financial and Accounting Officer)
         Susan J. Trammell               of Hamilton Capital Management Inc.


By:      /s/   Robert S. Ames            Individual General Partner of
         ----------------------------    Westford Technology Ventures, L.P.
         Robert S. Ames


By:      /s/   Alfred M. Bertocchi       Individual General Partner of
        -----------------------------    Westford Technology Ventures, L.P.
         Alfred M. Bertocchi


By:      /s/   George M. Weimer          Individual General Partner of
         -----------------------------   Westford Technology Ventures, L.P.
         George M. Weimer