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


                                    FORM 10-Q


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

                  For the quarterly period ended March 31, 2001


                         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)


1400 Williams Square West, 5205 N. O'Connor Blvd., Irving, Texas      75039
----------------------------------------------------------------    ----------
            (Address of principal executive offices)                (Zip code)


       Registrant's Telephone Number, including area code : (972) 444-9001

                                 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, 2001 and
              December 31, 2000.......................................   3

           Statements of Operations for the three months
             ended March 31, 2001 and 2000............................   4

           Statement of Partners' Capital for the three months
             ended March 31, 2001.....................................   5

           Statements of Cash Flows for the three months
             ended March 31, 2001 and 2000............................   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...........................   9

           Signatures.................................................  10


                                        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
<TABLE>

                                 BALANCE SHEETS
                                                   March 31,        December 31,
                                                     2001               2000
                                                  -----------       -----------
                                                  (Unaudited)
                 ASSETS

<S>                                               <C>                <C>
Current assets:
  Cash                                            $   238,408       $   253,499
  Accounts receivable - oil and gas sales             107,706           115,810
                                                   ----------        ----------
        Total current assets                          346,114           369,309
                                                   ----------        ----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method              4,855,712         4,855,712
Accumulated depletion                              (3,739,295)       (3,719,241)
                                                   ----------        ----------
        Net oil and gas properties                  1,116,417         1,136,471
                                                   ----------        ----------
                                                  $ 1,462,531       $ 1,505,780
                                                   ==========        ==========
LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
  Accounts payable - affiliate                    $    14,629       $    11,054

Partners' capital:
  Managing general partner                             14,411            14,879
  Limited partners (11,222 interests)               1,433,491         1,479,847
                                                   ----------        ----------
                                                    1,447,902         1,494,726
                                                   ----------        ----------
                                                  $ 1,462,531       $ 1,505,780
                                                   ==========        ==========



  The financial information included as of March 31, 2001 has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                        3

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

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>

                                                      Three months ended
                                                           March 31,
                                                   -------------------------
                                                      2001           2000
                                                   ----------     ----------
<S>                                                <C>            <C>
Revenues:
  Oil and gas                                      $  195,445     $  149,416
  Interest                                              3,225          3,602
  Gain on disposition of assets                           -            9,859
                                                    ---------      ---------
                                                      198,670        162,877
                                                    ---------      ---------
Costs and expenses:
  Oil and gas production                               65,335         74,634
  General and administrative                            5,863          4,482
  Depletion                                            20,054         12,625
                                                    ---------      ---------
                                                       91,252         91,741
                                                    ---------      ---------
Net income                                         $  107,418     $   71,136
                                                    =========      =========
Allocation of net income:
  Managing general partner                         $    1,074     $      711
                                                    =========      =========
  Limited partners                                 $  106,344     $   70,425
                                                    =========      =========
Net income per limited partnership interest        $     9.48     $     6.28
                                                    =========      =========



         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                        4

<PAGE>



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

                         STATEMENT OF PARTNERS' CAPITAL
                                   (Unaudited)



<TABLE>

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


<S>                                      <C>          <C>           <C>
Balance at January 1, 2001               $  14,879    $1,479,847    $1,494,726

    Distributions                           (1,542)     (152,700)     (154,242)

    Net income                               1,074       106,344       107,418
                                          --------     ---------     ---------

Balance at March 31, 2001                $  14,411    $1,433,491    $1,447,902
                                          ========     =========     =========






         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                        5

<PAGE>



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

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>


                                                          Three months ended
                                                               March 31,
                                                       ------------------------
                                                          2001          2000
                                                       ----------    ----------
<S>                                                    <C>           <C>
Cash flows from operating activities:
  Net income                                           $  107,418    $   71,136
  Adjustments to reconcile net income to net
    cash provided by operating activities:
      Depletion                                            20,054        12,625
      Gain on disposition of assets                           -          (9,859)
  Changes in assets and liabilities:
      Accounts receivable                                   8,104        21,426
      Accounts payable                                      3,575         3,590
                                                        ---------     ---------
         Net cash provided by operating activities        139,151        98,918
                                                        ---------     ---------
Cash flows provided by investing activities:
  Proceeds from disposition of assets                         -           9,859

Cash flows used in financing activities:
  Cash distributions to partners                         (154,242)     (124,431)
                                                        ---------     ---------
Net decrease in cash                                      (15,091)      (15,654)
Cash at beginning of period                               253,499       323,271
                                                        ---------     ---------
Cash at end of period                                  $  238,408    $  307,617
                                                        =========     =========




         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                        6

<PAGE>



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

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001
                                   (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 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  of the
Partnership as of March 31, 2001 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 reclassifications
may have been made to the March 31, 2000 financial  statements to conform to the
March 31, 2001 financial statement presentations.

Certain  information  and footnote  disclosures  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, 2000, 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  increased 31% to $195,445 for the three
months ended March 31, 2001 as compared to $149,416 for the same period in 2000.
The increase in revenues  resulted from higher  average  prices  received and an
increase in production. For the three months ended March 31, 2001, 4,417 barrels
of oil, 1,856 barrels of natural gas liquids  ("NGLs") and 8,730 mcf of gas were
sold, or 7,728 barrel of oil  equivalents  ("BOEs").  For the three months ended
March 31, 2000, 3,708 barrels of oil, 2,352 barrels of NGLs and 9,789 mcf of gas
were sold, or 7,692 BOEs.

                                        7

<PAGE>



The average price received per barrel of oil decreased  $.58, or 2%, from $27.98
for the three months ended March 31, 2000 to $27.40 for the same period in 2001.
The average  price  received per barrel of NGLs  increased  $3.04,  or 23%, from
$13.03 for the three  months  ended March 31, 2000 to $16.07 for the same period
in 2001.  The average price  received per mcf of gas  increased  234% from $1.53
during the three  months  ended  March 31,  2000 to $5.11 for the same period in
2001. 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, 2001.

Gain on disposition of assets of $9,859 recognized during the three months ended
March 31, 2000 resulted from  equipment  credits  received on one fully depleted
well.

Costs and Expenses:

Total costs and  expenses  decreased to $91,252 for the three months ended March
31, 2001 as compared to $91,741 for the same period in 2000, a decrease of $489.
This  decrease  was  primarily  due to a  decline  production  costs,  offset by
increases in depletion and general and administrative expenses ("G&A").

Production  costs were  $65,335  for the three  months  ended March 31, 2001 and
$74,634 for the same period in 2000 resulting in a $9,299 decrease, or 12%. This
decrease was  primarily  due to less well  maintenance  costs,  offset by higher
production taxes associated with higher oil and gas prices.

G&A's  components are independent  accounting and engineering  fees and managing
general partner  personnel and  administrative  costs.  During this period,  G&A
increased  31% from $4,482 for the three  months  ended March 31, 2000 to $5,863
for the same period in 2001, primarily due to an increase in the accrual for tax
preparation fees.

Depletion  was $20,054 for the three  months ended March 31, 2001 as compared to
$12,625  for the same  period in 2000,  an  increase  of  $7,429,  or 59%.  This
increase was primarily  due to an increase in oil  production of 709 barrels and
to a downward revision to proved reserves on one well for the period ended March
31, 2001 compared to the same period in 2000.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash provided by operating activities increased $40,233 for the three months
ended March 31, 2001 from the same period in 2000.  The increase  was  primarily
attributable  to an  increase  of  $45,652 in oil and gas sales  receipts  and a
decline in  production  costs of $9,299,  offset by increases in G&A expenses of
$1,381 and working  capital of  $13,337.  The  increase in oil and gas  receipts
resulted from the increase in commodity prices during 2001 which  contributed an
additional $39,603 to oil and gas receipts and $6,049 resulting from an increase
in production  during 2001 as compared to the same period in 2000.  The decrease
in production costs was primarily due to less well maintenance costs,  offset by
an increase in production  taxes  associated with higher oil and gas prices and.
The  increase  in G&A was  primarily  due to an  increase in the accrual for tax
preparation fees.

                                        8

<PAGE>




Net Cash Provided by Investing Activities

Proceeds from asset  dispositions of $9,859  recognized  during the three months
ended March 31,  2000  resulted  from  equipment  credits  received on one fully
depleted well.

Net Cash Used in Financing Activities

For the three months ended March 31, 2001,  cash  distributions  to the partners
were $154,242,  of which $1,542 was distributed to the managing  general partner
and $152,700 to the limited partners.  For the same period ended March 31, 2000,
cash  distributions  to  the  partners  were  $124,431,   of  which  $1,244  was
distributed  to the  managing  general  partner  and  $123,187  to  the  limited
partners.

Proposal to acquire partnerships

On April  17,  2001,  Pioneer  Natural  Resources  Company  ("Pioneer")  filed a
preliminary  proxy   statement/prospectus   with  the  Securities  and  Exchange
Commission  proposing an agreement  and plan of merger  among  Pioneer,  Pioneer
Natural  Resources  USA, Inc.  ("Pioneer  USA"),  a wholly- owned  subsidiary of
Pioneer,  and the limited partners of 46 Parker & Parsley limited  partnerships.
Each  partnership  that  approves the agreement and plan of merger and the other
related  merger  proposals  will  merge  with  and  into  Pioneer  USA,  and the
partnership  interests of each such partnership will be converted into the right
to receive cash and Pioneer  common  stock.  Pioneer USA is the sole or managing
general partner of the  partnerships.  The Partnership is one of the 46 Parker &
Parsley limited  partnerships  being requested to approve the agreement and plan
of merger.  The  preliminary  proxy  statement/prospectus  is non-binding and is
subject to, among other  things,  consideration  of offers from third parties to
purchase any  partnership  or its assets,  the majority  approval of the limited
partnership  interests in each  partnership and the resolution of Securities and
Exchange  Commission  review  comments.  No  solicitation  will  be  made  using
preliminary materials.

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

(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 - none

(b)     Reports on Form 8-K - none

                                        9

<PAGE>


                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 14, 2001              By:      /s/ Rich Dealy
                                           ----------------------------------
                                           Rich Dealy, Vice President
                                             and Chief Accounting Officer



                                       10

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