FORM 10-Q

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
(Mark One)

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended    March 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              0-24900
                      ----------------------------------------------------------

                             ITI Technologies, Inc.
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             (Exact name of registrant as specified in its charter)

                Delaware                                  06-1340453
--------------------------------------      ------------------------------------
   (State or other jurisdiction of          (I.R.S. Employer Identification No.)
    incorporation or organization)

               2266 North Second Street, North St. Paul, MN 55109
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                    (Address of principal executive offices)
                                   (Zip Code)

                                 (651) 777-2690
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              (Registrant's telephone number, including area code)

                                 Not applicable
--------------------------------------------------------------------------------
      (Former name, former address and former fiscal year, if changed since
                                  last report)

         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 ___

                      APPLICABLE ONLY TO CORPORATE ISSUERS

         Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

         As of April 18, 2000, there were 8,536,592 shares of common stock
outstanding.


The accompanying notes are an integral part of the consolidated financial
statements.
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                                        1
<PAGE>


                             ITI TECHNOLOGIES, INC.

                                    FORM 10-Q

                          QUARTER ENDED MARCH 31, 2000


                                      INDEX                                 PAGE
                                      -----                                 ----

PART I --    FINANCIAL INFORMATION

             Item 1 --         Consolidated Financial Statements              3

             Item 2 --         Management's Discussion and Analysis          10
                               of Financial Condition and Results
                               of Operations

PART II      OTHER INFORMATION

             Item 1 --         Legal Proceedings                             14

             Item 5 --         Other Information                             14

             Item 6 --         Exhibits and Reports on Form 8-K              14

             Signatures                                                      15


The accompanying notes are an integral part of the consolidated financial
statements.
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                                        2
<PAGE>


                                     PART I
                              FINANCIAL INFORMATION

Item 1.  Financial Statements.

                             ITI TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                      (IN THOUSANDS, EXCEPT PER SHARE DATA)

<TABLE>
<CAPTION>
                                                                FOR THE THREE
                                                                MONTHS ENDED
                                                                  MARCH 31,
                                                         --------------------------
                                                             2000           1999
                                                             ----           ----
                                                                (UNAUDITED)
<S>                                                      <C>            <C>
Net sales ...........................................    $    31,528    $    27,829
Cost of goods sold ..................................         16,603         14,829
                                                         -----------    -----------
Gross profit ........................................         14,925         13,000
Operating expenses:
      Marketing, general and administrative .........          6,449          5,280
      Research and development ......................          2,341          1,983
      Amortization of intangible assets .............            353            353
                                                         -----------    -----------
Operating income ....................................          5,782          5,384
Other income:
      Interest, net .................................            855            256
      Other, net ....................................              6              5
                                                         -----------    -----------
Income before income tax expense ....................          6,643          5,645
Income tax expense ..................................          2,455          2,034
                                                         -----------    -----------
Net income ..........................................    $     4,188    $     3,611
                                                         ===========    ===========
Per share amounts:
Basic ...............................................    $       .49    $       .43
Weighted average common shares
      outstanding ...................................          8,534          8,420

Diluted .............................................    $       .47    $       .41
Weighted average common and common
      equivalent shares outstanding .................          8,902          8,853
</TABLE>


The accompanying notes are an integral part of the consolidated financial
statements.
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                                        3
<PAGE>


                             ITI TECHNOLOGIES, INC.
                           CONSOLIDATED BALANCE SHEETS
                      (IN THOUSANDS, EXCEPT PER SHARE DATA)

<TABLE>
<CAPTION>
                                                                   MARCH 31,      DECEMBER 31,
                                                                     2000             1999
                                                                 ------------     ------------
                                                                  (UNAUDITED)
<S>                                                              <C>              <C>
                                     ASSETS
Current assets:
     Cash and cash equivalents ..............................    $     10,992     $      9,741
     Accounts receivable ....................................          20,397           20,038
     Notes receivable, current portion ......................          12,456            6,897
     Inventories ............................................          24,766           23,887
     Deferred income taxes ..................................           1,950            1,950
     Other current assets ...................................           1,017            1,580
                                                                 ------------     ------------
        Total current assets ................................          71,578           64,093

Notes receivable-dealer financing, net of current portion ...           8,060           12,673
Property and equipment ......................................          12,696           13,108
Excess of cost over net assets acquired .....................          26,571           26,772
Other intangible assets .....................................          15,289           15,464
                                                                 ------------     ------------
        Total assets ........................................    $    134,194     $    132,110
                                                                 ============     ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
     Accounts payable .......................................    $      4,145     $      5,652
     Accrued wages ..........................................           1,838            2,104
     Income taxes payable ...................................           1,860            2,420
     Other accrued expenses .................................           1,947            1,783
                                                                 ------------     ------------
        Total current liabilities ...........................           9,790           11,959
Income taxes ................................................           5,745            5,745
                                                                 ------------     ------------
        Total liabilities ...................................          15,535           17,704
                                                                 ------------     ------------

Commitments and contingencies

Stockholders' equity:
     Common stock ($0.01 par value; 30,000 shares authorized;
        9,493 shares issued, 8,536 shares outstanding at
        March 31, 2000; 9,489 shares issued, 8,532 shares
        outstanding at December 31, 1999) ...................              95               95
     Additional paid-in capital .............................          80,078           80,013
     Retained earnings ......................................          53,865           49,677
     Treasury stock, at cost (957 shares at March 31, 2000
        and December 31, 1999) ..............................         (15,379)         (15,379)
                                                                 ------------     ------------
        Total stockholders' equity ..........................         118,659          114,406
                                                                 ------------     ------------
        Total liabilities and stockholders' equity ..........    $    134,194     $    132,110
                                                                 ============     ============
</TABLE>


The accompanying notes are an integral part of the consolidated financial
statements.
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                                        4
<PAGE>


                             ITI TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                 (IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                            FOR THE THREE
                                                                            MONTHS ENDED
                                                                              MARCH 31,
                                                                   -----------------------------
                                                                        2000            1999
                                                                        ----            ----
<S>                                                                <C>              <C>
OPERATING ACTIVITIES:                                                        (UNAUDITED)
Net income ....................................................    $      4,188     $      3,611
Adjustments to reconcile net income to net cash
     provided by operating activities:
     Amortization of intangible assets ........................             414              379
     Depreciation and amortization ............................             720              600
     Provision for doubtful accounts ..........................             262              207
     Changes in operating assets and liabilities:
          Accounts receivable .................................            (621)          (1,711)
          Inventories .........................................            (879)            (412)
          Notes receivable-dealer financing ...................            (946)          (1,577)
          Other current assets ................................             563               56
          Accounts payable ....................................          (1,507)          (1,696)
          Income taxes payable ................................            (560)             978
          Accrued wages and other accrued expenses ............            (102)             296
                                                                   ------------     ------------
Net cash provided by operating activities .....................           1,532              731
                                                                   ------------     ------------

INVESTING ACTIVITIES:
Additions to property and equipment ...........................            (308)          (1,962)
Additions to other intangible assets ..........................             (38)            (102)
Issuance of notes receivable related to dealer financing ......                             (909)
                                                                   ------------     ------------
Net cash used in investing activities .........................            (346)          (2,973)
                                                                   ------------     ------------

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options ................              65            1,551
                                                                   ------------     ------------
Net cash provided by financing activities .....................              65            1,551
                                                                   ------------     ------------
NET INCREASE (DECREASE) IN CASH AND
     CASH EQUIVALENTS .........................................           1,251             (691)
CASH AND CASH EQUIVALENTS
     AT BEGINNING OF PERIOD ...................................           9,741            5,594
                                                                   ------------     ------------
CASH AND CASH EQUIVALENTS
     AT END OF PERIOD .........................................    $     10,992     $      4,903
                                                                   ============     ============
</TABLE>


The accompanying notes are an integral part of the consolidated financial
statements.
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                                        5
<PAGE>


NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1.       BASIS OF PRESENTATION

         The unaudited consolidated financial statements for the three-month
         periods ended March 31, 2000 and 1999, reflect, in the opinion of
         management of ITI Technologies, Inc. (the "Company"), all normal,
         recurring adjustments necessary for a fair statement of the results of
         operations for the interim periods. The results of operations for any
         interim period are not necessarily indicative of results for the full
         year. The consolidated balance sheet data as of December 31, 1999, was
         derived from audited consolidated financial statements but does not
         include all disclosures required by generally accepted accounting
         principles. The unaudited consolidated financial statements should be
         read in conjunction with the consolidated financial statements and
         notes thereto included in the Company's Annual Report on Form 10-K for
         the year ended December 31, 1999.

         The unaudited consolidated financial statements include the accounts of
         the Company and its wholly owned subsidiaries. All significant
         intercompany accounts and transactions have been eliminated.

2.       PROPOSED MERGER

         On September 28, 1999, the Company entered into a definitive agreement
         to merge with SLC Technologies, Inc. ("SLC"). SLC, headquartered in
         Portland, Oregon, is a global integrated communications technology
         company with products for commercial security, fire protection, CCTV,
         electronic access control and fiber optic communication systems.

         The transaction, which will be treated as a purchase of the Company by
         SLC for accounting purposes, is structured as a stock-for-stock merger
         of SLC into the Company, with the Company issuing approximately 15.2
         million shares to SLC. In addition, the Company's stockholders will
         have the right to elect to receive from the newly merged company $36.50
         in cash at closing for each share of the Company's common stock,
         subject to the limitation that no more than 50% of the total number of
         shares of the Company's common stock issued and outstanding immediately
         prior to the closing be exchanged for cash. As a result of the
         transaction, SLC stockholders will have an approximate 63.5% ownership
         position in the new company on an equivalent share basis calculated
         under the treasury stock method without giving effect to the cash
         election. Assuming that 50% of the Company's outstanding common stock
         outstanding immediately prior to the closing is exchanged for cash, SLC
         stockholder's percentage of ownership would increase to approximately
         78%. The merger has been approved by the Board of Directors of both
         companies and is subject to approval by the Company's shareholders. A
         special stockholders meeting to consider and vote upon a proposal to
         approve the merger is scheduled for May 2, 2000.


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                                        6
<PAGE>


3.       NOTES RECEIVABLE - DEALER FINANCING

         The Company provides extended payment terms on product sales and other
         financing to qualified dealers in the form of notes receivable. This
         dealer financing is generally accomplished through the exchange of the
         dealer customer trade account receivable for a secured note receivable.
         These notes receivable are secured by a perfected security interest in
         the dealers' monitoring contracts that have value in excess of the
         underlying note receivable, as well as other collateral considerations.
         All notes are issued at market interest rates adjusted for credit and
         credit enhancements with varied repayment terms of between 9 and 72
         months. The company accrues interest monthly and periodically reviews
         the carrying value of these notes receivable for non-collectibility and
         establishes appropriate allowances when necessary. Activity that
         relates to loans to dealers that finance the cost of equipment are
         treated as cash flows from operations in the accompanying consolidated
         statement of cash flows. Activity related to loans to dealers to
         purchase account portfolios in an effort to expand their business and
         other costs of the dealer are treated as investing activities in the
         accompanying consolidated statement of cash flows.

         As of March 31, 2000, and December 31, 1999, one customer participating
         in the Company's dealer financing program had a note receivable balance
         due to the Company of $10.4 million and $10.7 million, respectively.

4.       EARNINGS PER SHARE

         The difference in the weighted average shares outstanding for
         calculating basic and diluted earnings per share is attributable to the
         assumed exercise of stock options under the Company's Stock Option
         Incentive Plan.

         The effect of all dilutive stock options outstanding during the
         three-month periods ended March 31, 2000 and 1999, were included in the
         calculation of the diluted per share earnings. Stock options with
         exercise prices greater than the average market value of the Company's
         common stock were excluded from the computation of diluted earnings per
         share for the three-month periods ended March 31, 2000 and 1999. The
         number of excluded stock options were approximately 340,000 for the
         three months ended March 31, 2000.


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                                        7
<PAGE>


5.       OTHER FINANCIAL STATEMENT DATA (IN THOUSANDS):

<TABLE>
<CAPTION>
                                                           March 31,       December 31,
                                                             2000              1999
                                                         ------------      ------------
                                                          (UNAUDITED)
<S>                                                      <C>               <C>
Accounts receivable:
     Accounts receivable ...........................     $     21,667      $     21,033
     Allowance for doubtful accounts ...............           (1,270)             (995)
                                                         ------------      ------------
              Total ................................     $     20,397      $     20,038
                                                         ============      ============
Inventories:
     Raw materials .................................     $     11,707      $     10,941
     Allowance for obsolescence ....................           (1,477)           (1,435)
                                                         ------------      ------------
                                                               10,230             9,506
     Work-in-process ...............................            6,311             6,072
     Finished goods ................................            8,225             8,309
                                                         ------------      ------------
              Total ................................     $     24,766      $     23,887
                                                         ============      ============

Property and equipment:
     Machinery and equipment .......................     $     15,294      $     15,142
     Furniture and fixtures ........................            5,567             5,419
     Land, building and improvements ...............            3,300             3,292
                                                         ------------      ------------
                                                               24,161            23,853
     Accumulated depreciation and amortization .....          (11,465)          (10,745)
                                                         ------------      ------------
              Total ................................     $     12,696      $     13,108
                                                         ============      ============

Other intangible assets:
     Trademarks and trade names ....................     $     13,829      $     13,829
     Technology and patents ........................            1,703             1,671
     Customer lists ................................            3,007             3,007
     Other .........................................              632               626
                                                         ------------      ------------
                                                               19,171            19,133
     Accumulated amortization ......................           (3,882)           (3,669)
                                                         ------------      ------------
              Total ................................     $     15,289      $     15,464
                                                         ============      ============

Other accrued expenses:
     Warranty ......................................     $        550      $        550
     Professional fees .............................              461               404
     Other .........................................              936               829
                                                         ------------      ------------
              Total ................................     $      1,947      $      1,783
                                                         ============      ============
</TABLE>


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                                        8
<PAGE>


Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations.

         When used in this discussion, the words "believes," "anticipates" and
     similar expressions are intended to identify forward-looking statements.
     Such statements are subject to certain risks and uncertainties which could
     cause actual results to differ materially from those projected. Readers are
     cautioned not to place undue reliance on these forward-looking statements
     which speak only as of the date hereof. The Company undertakes no
     obligation to publish revised forward-looking statements to reflect events
     or circumstances after the date hereof or to reflect the occurrence of
     unanticipated events. Readers are also urged to carefully review and
     consider the various disclosures made by the Company which attempt to
     advise interested parties of the factors which affect the Company's
     business, not only in this report, but also in the Company's periodic
     reports filed with the Securities and Exchange Commission.

GENERAL:

         On September 28, 1999, the Company entered into a definitive agreement
     to merge with SLC Technologies, Inc. ("SLC"). SLC, headquartered in
     Portland, Oregon, is a global integrated communications technology company
     with products for commercial security, fire protection, CCTV, electronic
     access control and fiber optic communication systems. SLC has sales and
     technical support organizations in 27 countries and manufacturing and
     logistics organizations in the United States, the Netherlands, Ireland,
     Australia and China.

         The transaction, which will be treated as a purchase of the Company by
     SLC for accounting purposes, is structured as a stock-for-stock merger of
     SLC into the Company, with the Company issuing approximately 15.2 million
     shares to SLC. In addition, the Company's shareholders will have the right
     to elect to receive from the newly merged company $36.50 in cash at closing
     for each share of the Company's common stock, subject to the limitation
     that no more than 50% of the total number of shares of the Company's common
     stock issued and outstanding immediately prior to the closing be exchanged
     for cash. As a result of the transaction, SLC shareholders will have an
     approximate 63.5% ownership position in the new company on an equivalent
     share basis calculated under the treasury stock method without giving
     effect to the cash election. Assuming that 50% of the Company's outstanding
     common stock outstanding immediately prior to the closing is exchanged for
     cash, SLC shareholder's percentage of ownership would increase to
     approximately 78%. The merger has been approved by the Board of Directors
     of both companies and is subject to approval by the Company's shareholders.
     A special stockholders meeting to consider and vote upon a proposal to
     approve the merger is scheduled for May 2, 2000.


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                                       9
<PAGE>


RESULTS OF OPERATIONS:

         NET SALES. Net sales increased $3.7 million, or 13.3%, from $27.8
     million for the three months ended March 31, 1999, to $31.5 million for the
     three months ended March 31, 2000. Sales into the international markets, to
     distributors and to the Company's traditional dealers increased 42.8%,
     13.7% and 8.2%, respectively, over the first quarter of 1999. Sales into
     the utility and commercial channels were flat compared to the prior year.
     The recent successful release of the Concord Express product was a
     contributor to the increase in dealer sales in the first quarter of 2000
     over the first quarter of the prior year.

         GROSS PROFIT. Gross profit increased $1.9 million from $13.0 million
     the first quarter of 1999 to $14.9 million for the first quarter of 2000
     and increased as a percentage of net sales from 46.7% to 47.3%. The
     increase in gross margin is due primarily to the leveraging of fixed
     manufacturing costs over the increased sales volume.

         MARKETING, GENERAL AND ADMINISTRATIVE EXPENSES. Marketing, general and
     administrative expenses increased from $5.3 million for the first quarter
     of 1999 to $6.4 million for the first quarter of 2000. The increase is
     primarily due to increased employment related costs associated with
     increased sales and customer service initiatives. In addition, the Company
     incurred $175,000 of expenses related to the proposed merger transaction
     with SLC.

         RESEARCH AND DEVELOPMENT EXPENSE. Research and development expenses
     increased $358,000 from the first quarter of 1999 to $2.3 million for the
     first quarter of 2000. The increase for the period was primarily due to the
     Company's continued emphasis on research and new product development. The
     Company continued development on its Advent platform that is designed for
     the commercial burglary and fire markets. The Company is committed to
     maintaining a high level of product development efforts.

         AMORTIZATION OF INTANGIBLE ASSETS. Amortization of acquisition-related
     intangible assets remained constant at $353,000 for both the first quarter
     of 1999 and 2000.

         NET INTEREST INCOME. Net interest income increased from $256,000 for
     the first quarter of 1999 to $855,000 for the first quarter of 2000. The
     increase is primarily the result of additional participation in the dealer
     financing program. Interest earned under this program increased from
     $206,000 in 1999 to $667,000 in 2000. The Company's loan portfolio
     increased from $7.5 million at March 31, 1999 to $20.5 million at March 31,
     2000. The Company also earns interest on funds held as cash and cash
     equivalents.

         INCOME TAX EXPENSE. Income tax expense increased from $2.0 million for
     the first quarter of 1999 to $2.5 million for the first quarter of 2000.
     The Company's effective tax rate for these periods varied from the federal
     statutory rate primarily due to state income taxes, net of federal benefit,
     and the non-deductibility for income tax purposes of the amortization of
     excess of cost over net assets acquired. The effective tax rate increased
     from 36% of pretax income in the first quarter of 1999 to 37% in the first
     quarter of 2000 due to certain non-deductible expenses related to the
     proposed merger with SLC.


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                                        10
<PAGE>


LIQUIDITY AND CAPITAL RESOURCES

         The Company has funded its operations with cash from operations. For
     the three-month period ended March 31, 2000, $5.3 million of cash from
     operations was provided by net income and non-cash depreciation and
     amortization charges. Cash used in operations during the three-month period
     consisted primarily of a $1.5 million reduction in accounts payable,
     $946,000 for funding of the Company's dealer financing program and $1.6
     million used for changes in other operating assets and liabilities,
     principally increases in accounts receivable and inventory.

         During the first three months of 2000, the Company invested $308,000 in
     property and equipment and had cash provided by the exercise of stock
     options, including the related tax benefit, of $65,000.

         A substantial amount of the Company's working capital is invested in
     accounts and notes receivable and inventories. The Company periodically
     reviews accounts and notes receivable for noncollectibility and inventories
     for obsolescence and establishes allowances it believes are appropriate.

         The Company believes that its current cash position, along with cash
     flows from operations and funds available through the Company's credit
     facility, will be adequate to fund its working capital and capital
     expenditure requirements, as a stand-alone company, for the foreseeable
     future. The proposed merger with SLC may impact future cash flow
     requirements.

EFFECT OF INFLATION AND FOREIGN CURRENCY TRANSACTIONS

         The Company believes that inflation and foreign currency fluctuations
     have not had a significant effect on its operations.

FINANCIAL INSTRUMENTS

         The only financial instruments the Company maintains are in accounts
     receivable and notes receivable. The Company believes that the interest
     rate risk related to these accounts is not significant. The Company manages
     the risk associated with these accounts through periodic reviews of the
     carrying value for non-collectability and establishment of appropriate
     allowances in connection with the Company's internal controls and policies.
     The Company does not enter into hedging or derivative instruments.

IMPACT OF THE YEAR 2000 ISSUE

         The Year 2000 issue is the inability of many computer programs to
     correctly identify dates occurring after December 31, 1999, because they
     use two digits rather than four digits to identify years. This could cause
     a computer system failure or miscalculations, resulting in disruptions of
     operations including, among other things, a temporary inability to process
     transactions or engage in similar normal business activities.


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                                       11
<PAGE>


         Prior to December 31, 1999, the Company completed an assessment of the
     Year 2000 and believed that existing software was compliant and that the
     Year 2000 issue would not pose significant operational problems for its
     computer systems or the Company. As of January 1, 2000, and through the
     date of this filing, the Company has not experienced any significant Year
     2000 issues related to internal operations or the operations of its key
     suppliers, vendors or customers.


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                                        12
<PAGE>


                           PART II - OTHER INFORMATION

Item 1.     Legal Proceedings.

            The Company experiences routine litigation in the normal course of
            its business. The Company does not believe that any of this routine
            litigation will have a material adverse effect on the financial
            condition or results of operations of the Company. Costs associated
            with routine litigation are expensed in the period incurred.

Item 5.     Other Information.

            None.

Item 6.     Exhibits and Reports on Form 8-K.

            (a)   The following exhibits are filed as part of this Quarterly
                  Report on Form 10-Q:

                  27.1  Financial data schedule (for electronic filing purposes
                        only).

            (b)   No Current Reports on Form 8-K were filed by the Company
                  during the quarter ended March 31, 2000, or during the period
                  from March 31, 2000, to the date of this Quarterly Report on
                  Form 10-Q.


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                                       13
<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.


Dated: April 24, 2000                  ITI TECHNOLOGIES, INC.



                                       By  /s/ Jack A. Reichert
                                          --------------------------------------
                                              Jack A. Reichert
                                              Vice President, Finance (principal
                                              financial and accounting officer)


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