FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

            [ 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 0-17725

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
             (Exact name of registrant as specified in its charter)

           Texas                                         76-0254057
(State or other jurisdiction                (I.R.S. Employer Identification No.)
      of organization)

                        16825 Northchase Drive, Suite 400
                              Houston, Texas 77060
                    (Address of principal executive offices)
                                   (Zip Code)

                                  (281)874-2700
              (Registrant's telephone number, including area code)

                                      None
              (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>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.

                                      INDEX
<TABLE>
<CAPTION>
PART I.    FINANCIAL INFORMATION                                                 PAGE
      <S>                                                                        <C>
      ITEM 1.    Financial Statements

            Statement of Net Assets in Process of Liquidation

                - December 31, 1999                                                3

            Balance Sheet

                - December 31, 1999                                                4

            Statements of Operations

                - Three month periods ended March 31, 2000 and 1999                5

            Statements of Cash Flows

                - Three month periods ended March 31, 2000 and 1999                6

            Notes to Financial Statements                                          7

      ITEM 2.    Management's Discussion and Analysis of Financial

                     Condition and Results of Operations                          10

PART II.    OTHER INFORMATION                                                     12


SIGNATURES                                                                        13
</TABLE>


<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                STATEMENT OF NET ASSETS IN PROCESS OF LIQUIDATION
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                  March 31,
                                                                    2000
                                                                -----------

ASSETS:
     <S>                                                        <C>
     Cash and cash equivalents                                  $   22,261
     Nonoperating interests income receivable                          109
     Nonoperating interests in oil and gas properties              301,044
                                                                ----------
          Total Assets                                             323,414
                                                                ----------


LIABILITIES:
     Accounts Payable                                                6,339
                                                                ----------
          Total Liabilities                                          6,339
                                                                ----------
     Net Assets in Process of Liquidation                       $  317,075
                                                                ==========
</TABLE>



                 See accompanying notes to financial statements.

                                       3

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                                  BALANCE SHEET
<TABLE>
<CAPTION>
                                                                          December 31,
                                                                              1999
                                                                          ------------

ASSETS:
<S>                                                                       <C>
Current Assets:
     Cash and cash equivalents                                            $     13,211
     Nonoperating interests income receivable                                    3,320
                                                                          ------------
          Total Current Assets                                                  16,531
                                                                          ------------

Nonoperating interests in oil and gas
     properties, using full cost accounting                                  4,142,245
Less-Accumulated amortization                                               (3,896,121)
                                                                          ------------
                                                                               246,124
                                                                          ------------
                                                                          $    262,655
                                                                          ============


LIABILITIES AND PARTNERS' CAPITAL:

Current Liabilities:
     Accounts Payable                                                     $        642
                                                                          ------------

Limited Partners' Capital (47,704 Limited Partnership
                              Units; $100 per unit)                            258,063
General Partners' Capital                                                        3,950
                                                                          ------------
          Total Partners' Capital                                              262,013
                                                                          ------------
                                                                          $    262,655
                                                                          ============
</TABLE>


                 See accompanying notes to financial statements.

                                       4

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                Three Months Ended
                                                                     March 31,
                                                              -----------------------
                                                                 2000          1999
                                                              ----------     --------

REVENUES:
     <S>                                                      <C>            <C>
     Income from nonoperating interests                       $   21,914     $  8,114
     Interest income                                                 238          126
                                                              ----------     --------
                                                                  22,152        8,240
                                                              ----------     --------


COSTS AND EXPENSES:
     Amortization                                                  7,022        5,874
     General and administrative                                   11,392        9,116
                                                              ----------     --------
                                                                  18,414       14,990
                                                              ----------     --------
Income (Loss) Before Adoption
     Of Liquidation Basis Of Accounting                       $    3,738     $ (6,750)
                                                              ----------     --------

Effect Of Adoption Of Liquidation
     Basis Of Accounting                                          61,937           --
                                                              ----------     --------

Income (Loss)                                                 $   65,675     $ (6,750)
                                                              ==========     ========


Limited Partners' net income (loss)
     per unit

     Income (Loss) Before Adoption
     of Liquidation Basis of Accounting                       $     0.06     $  (0.14)
                                                              ==========     ========
     Effect of Adoption of Liquidation
     Basis of Accounting                                      $     1.17     $     --
                                                              ==========     ========

     Income (Loss)                                            $     1.23     $  (0.14)
                                                              ==========     ========
</TABLE>



                 See accompanying notes to financial statements.

                                       5

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                        Three Months Ended
                                                                                             March 31,
                                                                                     ------------------------
                                                                                        2000          1999
                                                                                     ----------     ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
     <S>                                                                             <C>            <C>
     Income (loss)                                                                   $   65,675     $ (6,750)
     Adjustments to reconcile income (loss) to
          net cash provided by operations:
          Effect of adoption of liquidation basis of accounting                         (61,937)           --
          Amortization                                                                    7,022         5,874
          Change in assets and liabilities:
               (Increase) decrease in nonoperating interests income receivable            3,211       (13,875)
               Increase (decrease) in accounts payable                                    5,697         3,623
                                                                                     ----------     ---------
           Net cash provided by (used in) operating activities                           19,668       (11,128)
                                                                                     ----------     ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Additions to nonoperating interests in oil and gas properties                           (5)          680
     Proceeds from sales of nonoperating interests in oil and gas properties                 --        23,790
                                                                                     ----------     ---------
          Net cash provided by (used in) investing activities                                (5)       24,470
                                                                                     ----------     ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Cash Distributions to partners                                                     (10,613)      (12,757)
                                                                                     ----------     ---------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                      9,050           585
                                                                                     ----------     ---------
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                         13,211         7,673
                                                                                     ----------     ---------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                           $   22,261     $   8,258
                                                                                     ==========     =========
</TABLE>


                 See accompanying notes to financial statements.

                                       6

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

(1)  General Information -

                  The  limited   partners  of  the   Partnership   approved  the
        dissolution  of the  Partnership  on March 30,  2000.  As a result,  the
        Partnership  has changed its basis of  accounting,  effective  March 31,
        2000, from historical  cost basis to the  liquidation  basis.  Under the
        liquidation basis of accounting,  the Partnership's  assets at March 31,
        2000  are  reported  at  estimated  net   realizable   value,   and  the
        Partnership's liabilities are presented at estimated settlement amounts.
        The net  effect  of the  revaluation  of the  Partnership's  assets  and
        liabilities due to the adoption of the  liquidation  basis of accounting
        was an upward adjustment of $61,937.

                  Oil and gas  properties at March 31, 2000 reflect the Managing
        General  Partner's  estimate  of value,  in the  absence of third  party
        appraisals  or  evaluations,   based  on  future  net  revenues  of  the
        properties,  discounted  at 10%, as of March 31, 2000.  This estimate is
        based on its assessment of the impact of selling  existing  assets based
        on current  market  conditions  and estimated  disposal  costs.  The net
        proceeds from the sales of oil and gas properties may vary substantially
        due to changes in oil and gas prices,  subsequent  production  and other
        factors which may be applied by buyers.

                  For  all  other  assets  and  liabilities   presented  on  the
        liquidation  basis of accounting,  the Managing General Partner believes
        that  historical  cost   approximates  fair  market  value  due  to  the
        short-term nature of such assets and liabilities.

                  The accompanying  statements of operations and cash flows were
        prepared using the historical cost basis of accounting.

                  The financial statements included herein have been prepared by
        the  Partnership  and are  unaudited  except  for the  balance  sheet at
        December  31,  1999  which has been  taken  from the  audited  financial
        statements at that date. The financial  statements reflect  adjustments,
        all of which  were of a  normal  recurring  nature,  which  are,  in the
        opinion  of  the  managing   general   partner   necessary  for  a  fair
        presentation.  Certain  information  and footnote  disclosures  normally
        included in financial  statements  prepared in accordance with generally
        accepted  accounting  principles have been omitted pursuant to the rules
        and  regulations  of  the  Securities  and  Exchange   Commission.   The
        Partnership  believes adequate disclosure is provided by the information
        presented.  The financial  statements should be read in conjunction with
        the audited  financial  statements  and the notes included in the latest
        Form 10-K.

 (2)  Organization and Terms of Partnership Agreement -

                  Swift Energy Managed Pension Assets Partnership 1988-A,  Ltd.,
        a Texas limited partnership ("the  Partnership"),  was formed on June 2,
        1988,  for the purpose of purchasing  net profits  interest,  overriding
        royalty  interests and royalty  interests  (collectively,  "nonoperating
        interests") in producing oil and gas properties  within the  continental
        United States. Swift Energy Company ("Swift"), a Texas corporation,  and
        VJM Corporation  ("VJM"),  a California  corporation,  serve as Managing
        General  Partner  and  Special  General  Partner  of  the   Partnership,
        respectively.  The general  partners  are required to  contribute  up to
        1/99th of limited partner net  contributions.  The 426 limited  partners
        made total capital contributions of $4,770,363.

                  Nonoperating  interests  acquisition  costs and the management
        fee are borne 99 percent by the limited  partners and one percent by the
        general  partners.  Organization and syndication costs were borne solely
        by the limited partners.

                  Generally,  all continuing costs (including development costs,
        operating costs,  general and  administrative  reimbursements and direct
        expenses) and revenues are allocated 90 percent to the limited  partners
        and ten percent to the general partners. If prior to partnership payout,
        however,  the cash  distribution  rate for a  certain  period  equals or
        exceeds  17.5  percent,  then for the  following  calendar  year,  these
        continuing  costs and  revenues  will be  allocated  85  percent  to the
        limited  partners  and  15  percent  to  the  general  partners.   After
        partnership  payout,  continuing  costs and  revenues  will be shared 85
        percent by the limited partners, and 15 percent by the general partners,
        even if the cash distribution rate is less than 17.5 percent.

                                       7

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                   (UNAUDITED)

(3)  Significant Accounting Policies -

     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  at the date of the  financial  statements  and the reported
        amounts of revenues and expenses  during the  reporting  period.  Actual
        results could differ from estimates.

     Oil and Gas Revenues --

                  Oil and gas revenues are reported using the entitlement method
        in which the Partnership  recognizes its interest in oil and natural gas
        production as revenue.

     Nonoperating Interests in Oil and Gas Properties --

                  The  Partnership  accounts  for its  ownership  in oil and gas
        properties using the  proportionate  consolidation  method,  whereby the
        Partnership's  share of assets,  liabilities,  revenues  and expenses is
        included in the appropriate classification in the financial statement.

                  For financial  reporting purposes the Partnership  follows the
        "full-cost"  method of accounting for nonoperating  interests in oil and
        gas property costs. Under this method of accounting,  all costs incurred
        in the acquisition of  nonoperating  interests in oil and gas properties
        are capitalized.  The unamortized cost of nonoperating  interests in oil
        and gas  properties is limited to the "ceiling  limitation"  (calculated
        separately for the Partnership,  limited partners and general partners).
        The  "ceiling  limitation"  is  calculated  on  a  quarterly  basis  and
        represents the estimated future net revenues from nonoperating interests
        in proved  properties  using current prices,  discounted at ten percent.
        Proceeds from the sale or disposition of  nonoperating  interests in oil
        and  gas  properties  are  treated  as a  reduction  of the  cost of the
        nonoperating  interests  with no gains or  losses  recognized  except in
        significant transactions.

                  The Partnership computes the provision for amortization of oil
        and gas properties on the units-of-production method. Under this method,
        the provision is calculated by multiplying the total unamortized cost of
        oil and gas  properties  by an overall rate  determined  by dividing the
        physical  units of oil and gas  produced  during the period by the total
        estimated proved oil and gas reserves at the beginning of the period.

                  The calculation of the "ceiling  limitation" and the provision
        for  depreciation,  depletion and  amortization is based on estimates of
        proved reserves. There are numerous uncertainties inherent in estimating
        quantities  of proved  reserves  and in  projecting  the future rates of
        production,  timing and plan of development. The accuracy of any reserve
        estimate  is a  function  of  the  quality  of  available  data  and  of
        engineering  and  geological  interpretation  and  judgment.  Results of
        drilling,  testing and production subsequent to the date of the estimate
        may justify revision of such estimate.  Accordingly,  reserve  estimates
        are  often  different  from  the  quantities  of oil  and gas  that  are
        ultimately recovered.

(4)  Related-Party Transactions -

                  An  affiliate  of  the  Special  General  Partner,  as  Dealer
        Manager,  received  $117,747 for managing and overseeing the offering of
        the limited partnership units. A one-time management fee of $119,259 was
        paid to Swift for services performed for the Partnership.

                  The  Partnership  entered  into a Net Profits  and  Overriding
        Royalty Interests Agreement ("NP/OR Agreement") with Swift Energy Income
        Partners 1988-B, Ltd. ("Operating  Partnership"),  managed by Swift, for
        the purpose of acquiring nonoperating interests in producing oil and gas
        properties. Under terms of the NP/OR Agreement, the Partnership has been
        conveyed a  nonoperating  interests in the aggregate net profits  (i.e.,
        oil and gas  sales net of  related  operating  costs) of the  properties
        acquired equal to its  proportionate  share of the property  acquisition
        costs.

                                       8

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                   (UNAUDITED)

(5)  Vulnerability Due to Certain Concentrations -

                  The  Partnership's  revenues are primarily the result of sales
        of its oil and natural gas production.  Market prices of oil and natural
        gas may fluctuate and adversely affect operating results.

                  In the normal  course of  business,  the  Partnership  extends
        credit,  primarily in the form of monthly oil and gas sales receivables,
        to various  companies  in the oil and gas  industry  which  results in a
        concentration  of credit risk. This  concentration of credit risk may be
        affected by changes in economic or other  conditions and may accordingly
        impact the  Partnership's  overall  credit risk.  However,  the Managing
        General  Partner  believes  that  the  risk is  mitigated  by the  size,
        reputation, and nature of the companies to which the Partnership extends
        credit.  In  addition,   the  Partnership  generally  does  not  require
        collateral or other security to support customer receivables.

(6)  Fair Value of Financial Instruments -

                  The Partnership's  financial  instruments  consist of cash and
        cash equivalents and short-term  receivables and payables.  The carrying
        amounts  approximate  fair value due to the highly  liquid nature of the
        short-term instruments.

                                       9

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS

GENERAL

      The  Partnership  is formed for the purpose of investing  in  nonoperating
interests in producing oil and gas  properties  located  within the  continental
United States.  In order to accomplish  this, the  Partnership  goes through two
distinct yet  overlapping  phases with respect to its  liquidity  and results of
operations.  When the  Partnership  is formed,  it commences  its  "acquisition"
phase,  with all funds placed in short-term  investments  until required for the
acquisition of nonoperating interests.  Therefore,  the interest earned on these
pre-acquisition  investments  becomes the  primary  cash flow source for initial
partner  distributions.  As the Partnership acquires  nonoperating  interests in
producing properties,  net cash from ownership of nonoperating interests becomes
available  for  distribution,  along  with  the  investment  income.  After  all
partnership funds have been expended on nonoperating  interests in producing oil
and gas properties,  the Partnership enters its "operations"  phase. During this
phase,  income  from  nonoperating  interests  in oil  and gas  sales  generates
substantially all revenues, and distributions to partners reflect those revenues
less all  associated  partnership  expenses.  The  Partnership  may also  derive
proceeds  from  the  sale of  nonoperating  interests  in  acquired  oil and gas
properties,  when the sale of such  interests  is  economically  appropriate  or
preferable to continued operations.

LIQUIDATION

         During the first quarter of 2000, the Managing General Partner informed
the limited partners of a proposal to sell all of the Partnership's nonoperating
interests in oil and gas properties and dissolve and liquidate the  Partnership.
The special meeting of limited partners was held on March 30, 2000.

         Of the total units held by the limited  partners,  a majority voted for
adoption of the  proposal  for sales of  substantially  all of the assets of the
Partnership and the dissolution,  winding up and termination of the Partnership.
The  Partnership  adopted the  liquidation  basis of  accounting  for the period
subsequent to March 31, 2000.

LIQUIDITY AND CAPITAL RESOURCES

      Oil and gas reserves are depleting  assets and therefore often  experience
significant  production  declines each year from the date of acquisition through
the end of the life of the  property.  The primary  source of  liquidity  to the
Partnership comes almost entirely from the income generated from the sale of oil
and gas produced from ownership interests in oil and gas properties. This source
of  liquidity  and  the  related  results  of  operations,   and  in  turn  cash
distributions,  will decline in future  periods as the oil and gas produced from
these properties also declines while  production and general and  administrative
costs remain relatively stable making it unlikely that the Partnership will hold
the properties  until they are fully depleted,  but will likely liquidate when a
substantial  majority of the reserves have been produced.  Cash distributions to
partners are determined quarterly, based upon net proceeds from sales of oil and
gas production after payment of lease operating  expense,  taxes and development
costs, less general and administrative expenses. In addition, future partnership
cash requirements are taken into account to determine necessary cash reserves.

      Net cash provided by (used in) operating  activities  totaled  $19,668 and
$(11,128) for the three months ended March 31, 2000 and 1999, respectively. Cash
provided by  proceeds  from the sale of  nonoperating  interests  in  properties
totaled  $23,790 for the three months ended March 31, 1999.  Cash  distributions
totaled  $10,613 and $12,757 for the three months ended March 31, 2000 and 1999,
respectively.

      The  Partnership  has  expended  all  of  the  partners'  net  commitments
available for property  acquisitions and development by acquiring  producing oil
and gas  properties.  The  partnership  invests  primarily  in proved  producing
properties  with nominal  levels of future costs of  development  for proven but
undeveloped reserves.  Significant purchases of additional reserves or extensive
drilling activity are not anticipated.  Under the NP/OR Agreement,  the Managing
General  Partner  acquires  interests  in oil and gas  properties  from  outside
parties and sells these interests to an affiliated operating partnership, who in
turn creates and sells to the Partnership  nonoperating  interests in these same
oil and gas properties.

      After sale of all its nonoperating interests in oil and gas properties and
settlement of its liabilities,  the Partnership's  assets will consist solely of
cash,  which it will  distribute  to its partners in complete  liquidation.  The
Partnership will not realize gain or loss upon such  distribution of cash to its
partners in liquidation.

                                       10

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS (CONTINUED)


RESULTS OF OPERATIONS

      Income  from  nonoperating  interests  increased  170 percent in the first
quarter of 2000 when  compared  to the same  quarter in 1999.  Oil and gas sales
increased  $13,729 or 108 percent in the first  quarter of 2000 when compared to
the  corresponding  quarter  in  1999.  Increased  oil  and  gas  prices  had  a
significant impact on Partnership  performance.  Oil prices increased 97 percent
or $10.94/BBL to an average of $22.25/BBL and gas prices increased 68 percent or
$1.04/MCF to an average of $2.56/MCF for the quarter. Current quarter production
volumes increased 17 percent as oil and gas production  increased 255 percent or
199 barrels and 3 percent,  respectively,  when  compared to first  quarter 1999
production volumes.

      Corresponding  production costs per equivalent MCF decreased 16 percent in
the  first  quarter  of 2000  compared  to the first  quarter  of 1999 and total
production costs decreased 2 percent.

      Total amortization expense increased 20 percent or $1,148 in 2000 compared
to first quarter 1999.

      The Partnership records an additional provision in depreciation, depletion
and amortization when the present value, discounted at ten percent, of estimated
future net revenues  from oil and gas  properties,  using the  guidelines of the
Securities and Exchange  Commission,  is below the fair market value  originally
paid for oil and gas  properties.  Using prices in effect at March 31, 1999, the
Partnership would have recorded an additional provision at March 31, 1999 in the
amount of $16,783.  However,  these temporarily low quarter-end prices rebounded
and by using prices in effect at the filing date, the Partnership's  unamortized
cost of oil and gas properties were not limited by this calculation.

      During 2000,  partnership  revenues  and costs will be shared  between the
limited partners and general partners in a 90:10 ratio.

                                       11

<PAGE>

                          SWIFT ENERGY MANAGED PENSION
                         ASSETS PARTNERSHIP 1988-A, LTD.
                           PART II - OTHER INFORMATION


ITEM 5.    OTHER INFORMATION



                                     -NONE-


                                       12

<PAGE>

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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.

                                         SWIFT ENERGY MANAGED PENSION
                                         ASSETS PARTNERSHIP 1988-A, LTD.
                                         (Registrant)

                              By:        SWIFT ENERGY COMPANY
                                         Managing General Partner

Date:     May 8, 2000         By:        /s/ John R. Alden
          -----------                    ---------------------------------------
                                         John R. Alden
                                         Senior Vice President, Secretary
                                         and Principal Financial Officer

Date:     May 8, 2000         By:        /s/ Alton D. Heckaman, Jr.
          -----------                    ---------------------------------------
                                         Alton D. Heckaman, Jr.
                                         Vice President, Controller
                                         and Principal Accounting Officer


                                       13