UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549


                                    FORM 10-Q


   / x /         Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                  For the quarterly period ended June 30, 1997

                                       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 No. 33-19133-A


                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
             (Exact name of Registrant as specified in its charter)


               Delaware                                    75-2225758
    (State or other jurisdiction of                     (I.R.S. Employer
    incorporation or organization)                   Identification Number)


303 West Wall, Suite 101, Midland, Texas                      79701
(Address of principal executive offices)                    (Zip code)


       Registrant's Telephone Number, including area code : (915) 683-4768

                                 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 / /

                               Page 1 of 11 pages.
                           Exhibit index on page 10.


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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.

                                TABLE OF CONTENTS


                                                                        Page
                                                                        ----
                          Part I. Financial Information

Item 1.    Financial Statements

           Balance Sheets as of June 30, 1997 and
              December 31, 1996   ....................................    3

           Statements of Operations for the three and six
             months ended June 30, 1997 and 1996......................    4

           Statement of Partners' Capital for the six months
             ended June 30, 1997......................................    5

           Statements of Cash Flows for the six months ended
             June 30, 1997 and 1996...................................    6

           Notes to Financial Statements..............................    7

Item 2.    Management's Discussion and Analysis of Financial
             Condition and Results of Operations......................    7


                           Part II. Other Information

Item 6.    Exhibits and Reports on Form 8-K...........................   10

           27.   Financial Data Schedule

           Signatures.................................................   11



                                        2

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                          Part I. Financial Information

Item 1.   Financial Statements
                                 BALANCE SHEETS

                                                      June 30,     December 31,
                                                        1997           1996
                                                    -----------    -----------
                                                    (Unaudited)
                 ASSETS

Current assets:
  Cash and cash equivalents, including interest
    bearing deposits of $396,070 at June 30 and
    $430,432 at December 31                         $   396,270    $   430,500
  Accounts receivable - affiliate                        95,220        150,093
                                                     ----------     ----------
        Total current assets                            491,490        580,593
                                                     ----------     ----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method                4,845,135      4,842,343
Accumulated depletion                                (3,012,314)    (2,931,081)
                                                     ----------     ----------
        Net oil and gas properties                    1,832,821      1,911,262
                                                     ----------     ----------
                                                    $ 2,324,311    $ 2,491,855
                                                     ==========     ==========
            PARTNERS' CAPITAL

Partners' capital:
  Managing general partner                          $     22,913   $    24,280
  Limited partners (11,222 interests)                  2,301,398     2,467,575
                                                     -----------    ----------
                                                    $  2,324,311   $ 2,491,855
                                                     ===========    ==========



   The financial information included as of June 30, 1997 has been prepared by
           management without audit by independent public accountants.

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

                                        3

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)



                                  Three months ended         Six months ended
                                       June 30,                  June 30,
                                ---------------------     ---------------------
                                   1997        1996          1997        1996
                                ---------   ---------     ---------   ---------
Revenues:
  Oil and gas                   $ 183,157   $ 222,322     $ 424,188   $ 425,819
  Interest                          5,387       4,844         9,808       9,439
                                 --------    --------      --------    --------
                                  188,544     227,166       433,996     435,258
                                 --------    --------      --------    --------
Costs and expenses:
  Oil and gas production           77,516      86,584       165,000     168,975
  General and administrative        5,510       6,670        12,726      12,775
  Depletion                        39,956      39,295        81,233      78,236
                                 --------    --------      --------    --------
                                  122,982     132,549       258,959     259,986
                                 --------    --------      --------    --------
Net income                      $  65,562   $  94,617     $ 175,037   $ 175,272
                                 ========    ========      ========    ========
Allocation of net income:
  Managing general partner      $     655   $     947     $   1,750   $   1,753
                                 ========    ========      ========    ========
  Limited partners              $  64,907   $  93,670     $ 173,287   $ 173,519
                                 ========    ========      ========    ========
Net income per limited
  partnership interest          $    5.78   $    8.34     $   15.44   $   15.46
                                 ========    ========      ========    ========
Distributions per limited
  partnership interest          $   15.50   $   11.01     $   30.25   $   20.51
                                 ========    ========      ========    ========



         The financial information included herein has been prepared by
           management without audit by independent public accountants.

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

                                        4

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                         STATEMENT OF PARTNERS' CAPITAL
                                   (Unaudited)




                                     Managing
                                     general       Limited
                                     partner       partners         Total
                                    ---------     ----------     -----------

Balance at January 1, 1997          $  24,280     $2,467,575     $2,491,855

    Distributions                      (3,117)      (339,464)      (342,581)

    Net income                          1,750        173,287        175,037
                                     --------      ---------      ---------

Balance at June 30, 1997            $  22,913     $2,301,398     $2,324,311
                                     ========      =========      =========





         The financial information included herein has been prepared by
           management without audit by independent public accountants.

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

                                        5

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                                                         Six months ended
                                                              June 30,
                                                     -------------------------
                                                        1997           1996
                                                     ----------     ----------
Cash flows from operating activities:

 Net income                                          $  175,037     $  175,272
 Adjustments to reconcile net income to net
     cash provided by operating activities:
       Depletion                                         81,233         78,236
 Changes in assets:
       (Increase) decrease in accounts receivable        54,873        (47,323)
                                                      ---------      ---------
         Net cash provided by operating activities      311,143        206,185
                                                      ---------      ---------
Cash flows from investing activities:

 Additions to oil and gas properties                     (2,792)        (6,475)

Cash flows from financing activities:

 Cash distributions to partners                        (342,581)      (232,495)
                                                      ---------      ---------
Net decrease in cash and cash equivalents               (34,230)       (32,785)
Cash and cash equivalents at beginning of period        430,500        444,066
                                                      ---------      ---------
Cash and cash equivalents at end of period           $  396,270     $  411,281
                                                      =========      =========




         The financial information included herein has been prepared by
           management without audit by independent public accountants.

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

                                        6

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 1997
                                   (Unaudited)


Note 1.     Basis of presentation

In the opinion of  management,  the unaudited  financial  statements of Parker &
Parsley Producing  Properties 88-A, L.P. (the "Partnership") as of June 30, 1997
and for the  three and six  months  ended  June 30,  1997 and 1996  include  all
adjustments and accruals consisting only of normal recurring accrual adjustments
which are  necessary  for a fair  presentation  of the  results  for the interim
period.  These interim results are not  necessarily  indicative of results for a
full year.

Certain  information  and  footnote  disclosure  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  condensed  or  omitted  in this Form 10-Q  pursuant  to the rules and
regulations of the Securities and Exchange Commission.  The financial statements
should  be read in  conjunction  with the  financial  statements  and the  notes
thereto  contained in the  Partnership's  Report on Form 10-K for the year ended
December 31, 1996, as filed with the Securities and Exchange Commission,  a copy
of  which is available  upon request by writing to Rich Dealy,  Controller,  303
West Wall, Suite 101, Midland, Texas 79701.

Item 2.     Management's Discussion and Analysis of Financial Condition
              and Results of Operations (1)

Results of Operations

Six months ended June 30, 1997 compared with six months ended
  June 30, 1996

Revenues:

The  Partnership's  oil and gas  revenues  decreased  slightly to $424,188  from
$425,819  for the six months  ended June 30,  1997 as compared to the six months
ended June 30, 1996. The decrease in revenues  resulted from declines in barrels
of oil and mcf of gas  produced  and sold and a  decline  in the  average  price
received per barrel of oil, offset by a higher average price received per mcf of
gas.  For the six months ended June 30,  1997,  14,745  barrels of oil were sold
compared to 15,380 for the same period in 1996,  a decrease of 635  barrels,  or
4%. For the six months ended June 30, 1997, 49,284 mcf of gas were sold compared
to 51,253 for the same period in 1996,  a decrease of 1,969 mcf, or 4%.  Because
of the decline  characteristics  of the  Partnership's  oil and gas  properties,
management  expects a certain amount of decline in production to continue in the
future  until the  Partnership's  economically  recoverable  reserves  are fully
depleted.

                                        7

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The average price received per barrel of oil decreased  slightly from $20.28 for
the six months ended June 30, 1996 to $20.20 for the same period in 1997,  while
the average price  received per mcf of  gas increased 15% from  $2.22 during the

six months  ended June 30, 1996 to $2.56 in 1997.  The market  price for oil and
gas has been extremely  volatile in the past decade,  and  management  expects a
certain  amount  of  volatility  to  continue  in the  foreseeable  future.  The
Partnership  may  therefore  sell its future oil and gas  production  at average
prices lower or higher than that  received  during the six months ended June 30,
1997.

Costs and Expenses:

Total costs and expenses decreased to $258,959 for the six months ended June 30,
1997 as compared to $259,986  for the same period in 1996, a decrease of $1,027.
This  decrease  was the  result of  reduced  production  costs and  general  and
administrative expenses ("G&A"), offset by an increase in depletion.

Production  costs  were  $165,000  for the six months  ended  June 30,  1997 and
$168,975  for  the  same  period  in  1996,   resulting  in  a  $3,975  decrease
attributable  to declines in well repair and  maintenance  costs and  production
taxes.

G&A's  components are independent  accounting and engineering  fees and managing
general partner personnel and operating costs. During this period, G&A decreased
slightly  from $12,775 for the six months ended June 30, 1996 to $12,726 for the
same period in 1997. The Partnership agreement limits G&A to 3% of gross oil and
gas revenues.

Depletion was $81,233 for the six months ended June 30, 1997 compared to $78,236
for the same  period in 1996.  This  represented  an increase  in  depletion  of
$2,997,  or 4%, primarily  attributable to a decline in oil reserves during 1997
as a result of lower commodity prices.

Three months ended June 30, 1997 compared with three months ended
  June 30, 1996

Revenues:

The Partnership's  oil and gas revenues  decreased 18% to $183,157 from $222,322
for the three months ended June 30, 1997 and 1996, respectively. The decrease in
revenues  resulted from a decline in average  prices  received per barrel of oil
and mcf of gas  produced  and sold and a decline in barrels of oil  produced and
sold,  offset by an  increase  in mcf of gas  produced  and sold.  For the three
months ended June 30, 1997, 7,041 barrels of oil were sold compared to 7,747 for
the same period in 1996, a decrease of 706 barrels,  or 9%. For the three months
ended June 30, 1997, 24,167 mcf of gas were sold compared to 23,332 for the same
period in 1996,  an increase  of 835 mcf,  or 4%. The decline in oil  production
volumes were due to the decline characteristics of the Partnership's oil and gas
properties,  while the slight  increase in gas production was due to operational
changes on several wells.

                                        8

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The average  price  received per barrel of oil  decreased  $3.16,  or 14%,  from
$21.83 for the three months ended June 30, 1996 to $18.67 for the same period in
1997,  while the average  price  received per mcf of gas decreased 6% from $2.28
during  the three  months  ended June 30,  1996 to $2.14 for the same  period in
1997.

Costs and Expenses:

Total costs and  expenses  decreased to $122,982 for the three months ended June
30,  1997 as compared  to  $132,549  for the same period in 1996,  a decrease of
$9,567, or 7%. This decrease was the result of reduced production costs and G&A,
offset by an increase in depletion.

Production  costs were  $77,516  for the three  months  ended June 30,  1997 and
$86,584  for the same period in 1996  resulting  in a $9,068  decrease,  or 10%,
attributable  to declines in well repair and  maintenance  costs and  production
taxes.

G&A's  components are independent  accounting and engineering  fees and managing
general  partner  personnel  and  operating  costs.   During  this  period,  G&A
decreased,  in  aggregate,  17% from $6,670 for the three  months ended June 30,
1996 to $5,510 for the same period in 1997.

Depletion  was $39,956  for the three  months  ended June 30,  1997  compared to
$39,295 for the same period in 1996.  This  represented an increase in depletion
of $661  primarily  attributable  to a decline in oil reserves  during 1997 as a
result of lower commodity prices.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $104,958  during the six
months  ended  June 30,  1997 from the same  period  ended June 30,  1996.  This
increase was  primarily  due to an increase in oil and gas sales  receipts and a
decline in production costs paid.

Net Cash Used in Investing Activities

The Partnership's investing activities during the six months ended June 30, 1997
and 1996 included  expenditures related to equipment  replacement on various oil
and gas properties.

Net Cash Used in Financing Activities

Cash  was   sufficient  for  the  six  months  ended  June  30,  1997  to  cover
distributions to the partners of $342,581 of which $3,117 was distributed to the
managing  general  partner and  $339,464 to the limited  partners.  For the same
period  ended  June 30,  1996,  cash was  sufficient  for  distributions  to the
partners of $232,495 of which $2,356 was  distributed  to the  managing  general
partner and $230,139 to the limited partners.

                                        9

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It is expected  that future net cash  provided by operating  activities  will be
sufficient for any capital expenditures and any distributions. As the production
from the properties declines, distributions are also expected to decrease.

---------------

(1)    "Item 2. Management's  Discussion and Analysis of Financial Condition and
       Results of Operations"  contains forward looking  statements that involve
       risks and uncertainties. Accordingly, no assurances can be given that the
       actual  events and  results  will not be  materially  different  than the
       anticipated results described in the forward looking statements.



                           Part II. Other Information


Item 6.     Exhibits and Reports on Form 8-K

(a)     Exhibits

        27.   Financial Data Schedule

(b)     Reports on Form 8-K - none



                                       10

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)



                               S I G N A T U R E S



       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.


                                      PARKER & PARSLEY PRODUCING
                                      PROPERTIES 88-A, L.P.

                                 By:  Parker & Parsley Development L.P.,
                                        Managing General Partner
                                      By:  Parker & Parsley Petroleum USA, Inc.
                                             ("PPUSA"), General Partner




Dated:  August 8, 1997           By:  /s/ Rich Dealy
                                      --------------------------------
                                      Rich Dealy, Controller of PPUSA




                                       11

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