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 March 31, 1998

                                       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 / /






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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 March 31, 1998 and
              December 31, 1997........................................    3

           Statements of Operations for the three months
             ended March 31, 1998 and 1997.............................    4

           Statement of Partners' Capital for the three months
             ended March 31, 1998......................................    5

           Statements of Cash Flows for the three months
             ended March 31, 1998 and 1997.............................    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

           27.1    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
                                                    March 31,      December 31,
                                                      1998             1997
                                                   -----------     -----------
                                                    (Unaudited)
                 ASSETS
Current assets:
  Cash and cash equivalents, including interest
     bearing deposits of $310,587 at March 31
     and $331,831 at December 31                   $   310,787     $   332,031
  Accounts receivable - affiliate                       59,407          80,779
                                                    ----------      ----------
        Total current assets                           370,194         412,810
                                                    ----------      ----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method               4,841,519       4,841,519
Accumulated depletion                               (3,111,974)     (3,079,227)
                                                    -----------     ----------
        Net oil and gas properties                   1,729,545       1,762,292
                                                    ----------      ----------
                                                   $ 2,099,739     $ 2,175,102
                                                    ==========      ==========
            PARTNERS' CAPITAL

Partners' capital:
    Managing general partner                       $    20,746     $    21,564
    Limited partners (11,222 interests)              2,078,993       2,153,538
                                                    ----------      ----------
                                                   $ 2,099,739     $ 2,175,102
                                                    ==========      ==========


  The financial information included as of March 31, 1998 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
                                                         March 31,
                                                 -------------------------
                                                     1998          1997
                                                 ----------    -----------
Revenues:
  Oil and gas                                    $  128,789    $   241,031
  Interest                                            3,628          4,421
                                                  ---------     ----------
                                                    132,417        245,452
                                                  ---------     ----------
Costs and expenses:
  Oil and gas production                             69,182         87,484
  General and administrative                          3,864          7,216
  Depletion                                          32,747         41,277
                                                  ---------     ----------
                                                    105,793        135,977
                                                  ---------     ----------
Net income                                       $   26,624    $   109,475
                                                  =========     ==========
Allocation of net income:
  Managing general partner                       $      266    $     1,095
                                                  =========     ==========
  Limited partners                               $   26,358    $   108,380
                                                  =========     ==========
Net income per limited partnership interest      $     2.35    $      9.66
                                                  =========     ==========
Distributions per limited partnership interest   $     8.99    $     14.75
                                                  =========     ==========



         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, 1998            $   21,564     $2,153,538     $2,175,102

    Distributions                         (1,084)      (100,903)      (101,987)

    Net income                               266         26,358         26,624
                                       ---------      ---------      ---------

Balance at March 31, 1998             $   20,746     $2,078,993     $2,099,739
                                       =========      =========      =========






         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)



                                                          Three months ended
                                                               March 31,
                                                       -----------------------
                                                          1998          1997
                                                       ----------   ----------
Cash flows from operating activities:
   Net income                                          $   26,624   $  109,475
   Adjustments to reconcile net income to net
     cash provided by operating activities:
       Depletion                                           32,747       41,277
   Changes in assets:
       Accounts receivable                                 21,372       33,370
                                                        ---------    ---------
           Net cash provided by operating activities       80,743      184,122
                                                        ---------    ---------
Cash flows used in investing activities:
   Additions to oil and gas properties                        -         (2,879)

Cash flows used in financing activities:
   Cash distributions to partners                        (101,987)    (167,034)
                                                        ---------    ----------
Net increase (decrease) in cash and cash equivalents      (21,244)      14,209
Cash and cash equivalents at beginning of period          332,031      430,500
                                                        ---------    ---------
Cash and cash equivalents at end of period             $  310,787   $  444,709
                                                        =========    =========





         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
                                 March 31, 1998
                                   (Unaudited)

Note 1.     Organization and nature of operations

Parker & Parsley  Producing  Properties  88-A,  L.P.  (the  "Partnership")  is a
limited partnership organized in 1988 under the laws of the State of Delaware.

The Partnership  engages primarily in oil and gas production in Texas and is not
involved in any industry segment other than oil and gas.

Note 2.     Basis of presentation

In the opinion of management, the unaudited financial statements as of March 31,
1998 of the Partnership  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.  However,  these interim results are not
necessarily indicative of results for a full year.

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,  1997,  as filed with the  Securities  and
Exchange  Commission,  a copy of which is  available  upon request by writing to
Rich Dealy,  Vice President and Chief  Accounting  Officer,  5205 North O'Connor
Boulevard, 1400 Williams Square West, Irving, Texas 75039-3746.

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

Results of Operations

Revenues:

The Partnership's  oil and gas revenues  decreased 47% to $128,789 from $241,031
for the three months ended March 31, 1998 and 1997,  respectively.  The decrease
in revenues  resulted  from  declines in  production  and lower  average  prices
received. For the three months ended March 31, 1998, 6,359 barrels of oil, 2,581
barrels of natural  gas  liquids  ("NGLs")  and 12,466 mcf of gas were sold,  or
11,018 barrel of oil equivalents ("BOEs").  For the three months ended March 31,
1997, 7,704 barrels of oil and 25,117 mcf of gas were sold, or 11,890 BOEs.

As of September 30, 1997, the Partnership began accounting for processed natural
gas   production  as  processed   natural  gas  liquids  and  dry  residue  gas.
Consequently,  separate product volumes will not be comparable for periods prior
to September 30, 1997.  Also,  prices for gas products will not be comparable as
the price per mcf for natural gas for the three  months  ended March 31, 1998 is
the price received for dry residue gas and the price per mcf for natural gas for

                                        7

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the three months ended March 31, 1997 is a price for wet gas (i.e.,  natural gas
liquids combined with dry residue gas).

The  decreases  in  production   volumes  were  primarily  due  to  the  decline
characteristics  of the Partnership's  oil and gas properties.  Because of these
characteristics, management expects a certain amount of decline in production to
continue in the future until the Partnership's economically recoverable reserves
are fully depleted.

The average  price  received per barrel of oil  decreased  $6.82,  or 32%,  from
$21.59 for the three  months  ended March 31, 1997 to $14.77 for the same period
in 1998.  The average price  received per barrel of NGLs during the three months
ended  March 31,  1998 was $6.41.  The  average  price  received  per mcf of gas
decreased  51% from $2.97  during the three months ended March 31, 1997 to $1.47
for the same period in 1998. 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 three months ended March 31, 1998.

During  most of 1997,  the  Partnership  benefitted  from  higher  oil prices as
compared to previous  years.  However,  during the fourth  quarter of 1997,  oil
prices began a downward  trend that has continued  into March 1998. On April 23,
1998, the market price for West Texas  intermediate crude was $13.80 per barrel.
A continuation of the oil price environment experienced during the first quarter
of 1998 will have an adverse effect on the Partnership's  revenues and operating
cash flow and could result in additional  decreases in the carrying value of the
Partnership's oil and gas properties.

Costs and Expenses:

Total costs and expenses  decreased to $105,793 for the three months ended March
31,  1998 as compared  to  $135,977  for the same period in 1997,  a decrease of
$30,184,  or 22%.  This  decrease  was due to  decreases  in  production  costs,
depletion and general and administrative expenses ("G&A").

Production  costs were  $69,182  for the three  months  ended March 31, 1998 and
$87,484 for the same period in 1997  resulting  in a $18,302  decrease,  or 21%.
This  decrease  was the  result of a  reduction  in well  maintenance  costs and
production  taxes,  offset by an increase in  workover  expenses  incurred in an
effort to stimulate well production.

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,  46% from $7,216 for the three months ended March 31,
1997 to $3,864 for the same period in 1998.

Depletion  was $32,747  for the three  months  ended March 31, 1998  compared to
$41,277 for the same period in 1997. This represented a decrease in depletion of
$8,530,  or 21%. This decrease was primarily  attributable to a reduction in oil
production  of 1,345 barrels for the period ended March 31, 1998 compared to the
same period in 1997 and a reduction in the  Partnership's  net depletable  basis

                                        8

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from  charges  taken  in  accordance  with  Statement  of  Financial  Accounting
Standards  No. 121,  "Accounting for the Impairment of Long-Lived Assets and for
Long-Lived  Assets to be Disposed Of" ("SFAS 121") during the fourth  quarter of
1997 , offset by a decline in oil  reserves  during the three months ended March
31, 1998 as a result of lower commodity prices.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by  operating  activities  decreased  $103,379  for the three
months ended March 31, 1998 from the same period in 1997.  This decrease was due
to a decline in oil and gas sales  receipts and an increase in production  costs
paid, offset by a decrease in G&A expenses paid.

Net Cash Used in Investing Activities

The Partnership's investing activities for the three months ended March 31, 1997
were related to the addition of oil and gas equipment on active properties.

Net Cash Used in Financing Activities

Cash  was  sufficient  for the  three  months  ended  March  31,  1998 to  cover
distributions to the partners of $101,987 of which $1,084 was distributed to the
managing  general  partner and  $100,903 to the limited  partners.  For the same
period  ended March 31,  1997,  cash was  sufficient  for  distributions  to the
partners of $167,034 of which $1,511 was  distributed  to the  managing  general
partner and $165,523 to the limited partners.

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.

Information systems for the year 2000

The managing general partner will be required to modify its information  systems
in order to  accurately  process  Partnership  data  referencing  the year 2000.
Because of the importance of occurrence  dates in the oil and gas industry,  the
consequences of not pursuing these  modifications  could be very  significant to
the Partnership's ability to manage and report operating activities.  Currently,
the managing general partner plans to contract with third parties to perform the
software  programming  changes  necessary to correct any existing  deficiencies.
Such programming  changes are anticipated to be completed and tested by March 1,
1999. The managing  general  partner will allocate a portion of the costs of the
year 2000 programming  charges to the Partnership when they are incurred,  along
with recurring general and administrative  expenses.  Although the costs are not
estimable at this time, they should not be significant to the Partnership.
---------------
(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.

                                        9

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                           Part II. Other Information


Item 6.     Exhibits and Reports on Form 8-K

(a)    Exhibits

       27.1    Financial Data Schedule

(b)    Reports on Form 8-K

        (1)  On April 2, 1998,  the  Partnership  filed a Current Report on Form
             8-K dated  March 31,  1998,  reporting  under  Item 4  (Changes  in
             Registrant's  Certifying  Accountants)  the  engagement  of Ernst &
             Young  LLP  as  the  Partnership's  independent  auditors  and  the
             dismissal of KPMG Peat Marwick LLP effective upon the completion of
             the audit of the  Partnership  for the fiscal year ending  December
             31, 1997.


                                       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:     Pioneer Natural Resources USA, Inc.
                                              Managing General Partner



Dated:  May 6, 1998                  By:     /s/ Rich Dealy
                                             ---------------------------------
                                             Rich Dealy, Vice President
                                               and Chief Accounting Officer



                                       11

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