[LETTERHEAD OF MILLING BENSON WOODWARD L.L.P.]





                                 November 8, 2000


Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549-1004

Via Edgar Electronic Filing System

         Re:      File Number 0-9219
                  ------------------


Gentlemen:

         Pursuant to  regulations  of the  Securities  and Exchange  Commission,
submitted  herewith for filing on behalf of Avoca,  Incorporated (the "Company")
is the Company's Report on Form 10-QSB for the period ended September 30, 2000.

         This  filing  is  being   effected  by  direct   transmission   to  the
Commission's EDGAR System.

                                                  Sincerely,



                                                  /s/ Robert C. Baird, Jr.
                                                  ------------------------------
                                                  Robert C. Baird, Jr.
                                                  President and Principal
                                                    Financial Officer
                                                  (504) 599-3069
RCB/kj

Enclosures

<PAGE>
                     U.S. Securities and Exchange Commission

                             Washington, D.C. 20549

                                   FORM 10-QSB

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

For the quarterly period ended  September 30, 2000
                               -------------------

[ ]  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 0-9219
                       ---------------------------------------------------------

                               AVOCA, INCORPORATED
--------------------------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)

        Louisiana                                            72-0590868
--------------------------------                    ----------------------------
(State or other jurisdiction of                           (I.R.S. Employer
 incorporation or organization)                           Identification No.)

         228 St. Charles Avenue, Suite 838, New Orleans, Louisiana 70130
         ---------------------------------------------------------------
                    (Address of principal executive offices)

                                 (504) 552-4720
                    -----------------------------------------
                           (Issuer's telephone number)

                    -----------------------------------------
                     (Former name, former address and former
                    fiscal year, if changed since last report

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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
                                                             -----   -----

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:   830,500 shares on October 31, 2000
                                            ------------------------------------

Transitional Small Business Disclosure Format (check one);  Yes        No   X
                                                                ------    ------

An exhibit index is located at page 14 of this report.
                                   ----
                                                                    Page 1 of 14


<PAGE>



                               AVOCA, INCORPORATED
                               -------------------

                                    I N D E X
                                    ---------
                                                                       Page No.
                                                                       --------
Part I.           Financial Information (Unaudited)
                  ---------------------

                  Condensed Balance Sheet - September 30, 2000                 4

                  Condensed Statements of Income
                           Three Months Ended September 30, 2000
                           and 1999 and Nine Months Ended
                           September 30, 2000 and 1999                         5

                  Condensed Statements of Cash Flows
                           Nine Months Ended September 30, 2000
                           and 1999                                            6

                  Notes to Condensed Financial Statements                      7

                  Management's Discussion and Analysis or
                  Plan of Operation                                         8-11

Part II.          Other Information
                  -----------------

                  Legal Proceedings                                           12

                  Exhibits and Reports on Form 8-K                            12

                  Signature                                                   13



                                                                    Page 2 of 14


<PAGE>



                               AVOCA, INCORPORATED

                         PART I - FINANCIAL INFORMATION

                           Item 1 Financial Statements

                                                                    Page 3 of 14

<PAGE>
<TABLE>
<CAPTION>

                               Avoca, Incorporated

                       Condensed Balance Sheet (Unaudited)

                               September 30, 2000

Assets
Current assets:

<S>                                                                                                     <C>
     Cash and cash equivalents                                                                          $   64,310
     Short-term investments                                                                              2,368,859
     Accounts receivable                                                                                   183,248
     Accrued interest receivable                                                                            44,370
     Prepaid expenses                                                                                       19,749
                                                                                                        ----------
Total current assets                                                                                     2,680,536

Property and equipment, less accumulated depreciation and depletion                                         70,041

Other assets:
     Long-term investments                                                                                 900,000
     Avoca Drainage Bonds, $415,000, in default -- at nominal amount                                             1
                                                                                                        ----------
                                                                                                        $3,650,578
                                                                                                        ==========
Liabilities and shareholders' equity
Current liabilities:
     Accounts payable and accrued expenses                                                              $    4,150
     Income taxes payable                                                                                   97,641
                                                                                                        ----------
Total current liabilities                                                                                  101,791

Deferred income taxes                                                                                       12,001

Shareholders' equity:
     Common stock, no par value -- authorized, issued and outstanding
          830,500 shares                                                                                    94,483
     Retained earnings                                                                                   3,442,303
                                                                                                        ----------
Total shareholders' equity                                                                               3,536,786
                                                                                                        ----------
                                                                                                        $3,650,578
                                                                                                        ==========
See accompanying notes
</TABLE>

                                                                    Page 4 of 14

<PAGE>
<TABLE>
<CAPTION>
                               Avoca, Incorporated

                   Condensed Statements of Income (Unaudited)

                                                             Three months ended                   Nine months ended
                                                                September 30                         September 30
                                                         2000                1999             2000                1999
                                                       ---------           --------        ----------          ---------
Revenue:
<S>                                                    <C>                 <C>             <C>                 <C>
   Royalties                                           $ 562,885           $ 52,832        $1,241,028          $ 124,944
   Less severance taxes                                   10,876              3,050            41,293              6,742
                                                       ---------           --------        ----------          ---------
                                                         552,009             49,782         1,199,735            118,202

   Lease bonuses and delay rentals                       359,110            327,510           440,455            408,855
   Lease option payments                                       -                  -                 -             79,938
   Interest income                                        45,711             33,581           116,888             96,688
   Rental and other income                                 7,346              3,145            32,654             26,728
                                                       ---------           --------        ----------          ---------
                                                         964,176            414,018         1,789,732            730,411

Expenses:

   Legal and accounting services                           9,331              2,442            57,450             19,556
   Consultant fees                                        12,050             10,894            47,175             43,482
   Geological and engineering fees                         1,046              2,216            13,301              6,464
   Insurance                                               6,792              6,192            19,851             18,786
   Miscellaneous expenses                                 13,198             17,893            51,771             49,552
                                                       ---------           --------        ----------          ---------
                                                          42,417             39,637           189,548            137,840
                                                       ---------           --------        ----------          ---------

Income before income taxes                               921,759            374,381         1,600,184            592,571

Income taxes                                             312,884            138,534           523,541            208,062
                                                       ---------           --------        ----------          ---------

Net income                                             $ 608,875           $235,847        $1,076,643          $ 384,509
                                                       =========           ========        ==========          =========



Net income per share                                     $ 0.74             $ 0.28            $ 1.30             $ 0.46
                                                         =======            =======           =======            ======

See accompanying notes
</TABLE>
                                                                    Page 5 of 14

<PAGE>
<TABLE>
<CAPTION>
                               Avoca, Incorporated

                 Condensed Statements of Cash Flows (Unaudited)

                                                                                                Nine months ending
                                                                                                   September 30
                                                                                             2000                  1999
                                                                                ------------------------------------------
Operating activities
<S>                                                                                       <C>                   <C>
Net income                                                                                $1,076,643            $ 384,509
Adjustments to reconcile net income to net cash
  provided by (used in) operating activities:
     Depreciation expense                                                                      3,291                2,820
     Deferred taxes                                                                             (380)                (380)
     Changes in operating assets and liabilities:
         Operating assets                                                                    (89,213)             (31,172)
         Operating liabilities                                                                84,876               18,418
                                                                                          ----------            ---------
Net cash provided by operating activities                                                  1,075,217              374,195

Investing activities

     Purchase of investments                                                              (1,615,679)          (1,652,640)
     Maturity of investments                                                                 549,124            1,281,687
     Purchase of equipment                                                                         -                 (625)
                                                                                          ----------            ---------
Net cash used in investing activities                                                     (1,066,555)            (371,578)

Financing activities

Dividends paid                                                                              (705,925)            (265,760)
                                                                                          ----------            ---------
Net cash used in financing activities                                                       (705,925)            (265,760)

Decrease in cash and cash equivalents                                                       (697,263)            (263,143)

Cash and cash equivalents at beginning of period                                             761,573              315,376
                                                                                          ----------            ---------

Cash and cash equivalents at end of period                                                $   64,310            $  52,233
                                                                                          ==========            =========






See accompanying notes
</TABLE>

                                                                    Page 6 of 14
<PAGE>
                               Avoca, Incorporated

               Notes to Condensed Financial Statements (Unaudited)

                      Nine months ended September 30, 2000

1.  Basis of Accounting

         The accompanying  unaudited  condensed  financial  statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions of Form 10-QSB and Item 310(b)
of Regulation S-B.  Accordingly,  they do not include all of the information and
footnotes  required by generally  accepted  accounting  principles  for complete
financial  statements.  In the opinion of  management,  all normal and recurring
adjustments and accruals considered  necessary for a fair presentation have been
included.  Operating  results for the nine-month period ended September 30, 2000
are not necessarily  indicative of the results that may be expected for the year
ended  December  31,  2000.  For  further  information,  refer to the  financial
statements and footnotes thereto included in the Company's annual  shareholders'
report  incorporated by reference in the Form 10-KSB for the year ended December
31, 1999.

         The Company considers its United States Government securities held with
a maturity of three months or less when purchased to be cash equivalents.


                                                                    Page 7 of 14

<PAGE>

Item 2 -          Management's Discussion and
                  Analysis or Plan of Operation

         The unaudited  condensed  statements of income show that net income for
the third quarter of 2000 as compared  with the third quarter of 1999  increased
from $235,847 to $608,875.

         Royalty  income,  net  of  severance  taxes,  increased from $49,782 to
$552,009 or approximately 1,009% primarily because  of  royalties received  from
The  Meridian  Resources & Exploration  Company on the C. M.  Thibodaux  No. 1 &
No. 3  wells in the Ramos  Field,  across  Bayou Chene just north of the eastern
end of Avoca Island. The No. 1 well was placed on production  June 15, 1999 from
the  Operc  5 sand,  went off production June 25, 1999 due to the blowout of the
C. M. Thibodaux  No. 2 well and returned to  production  August  24,  1999 after
the successful plugging of the No. 2 well. The No. 3 well (a replacement for the
No. 2 well) went on production  from the (Operc B sand in early  November  1999.
The Company's net revenue  interest in both wells,  which were  responsible  for
approximately 70% of the Company's royalty income for the third quarter of 2000,
is  approximately  2.87%.  The No. 1 well during  September 2000 produced at the
approximate  rate of 5,317 Mcf of gas and 532 barrels of condensate per day. The
No. 3 well during  September 2000 produced at the approximate rate of 16,518 Mcf
of gas and 300 barrels of condensate per day.

         On July 27,  2000,  Meridian  spudded the Avoca  #47-1 well,  which has
bottom  holed in  Section  47 on the  northeast  end of Avoca  Island.  Meridian
announced  on  September  27,  2000 that its  current  logging of the #47-1 well
indicates pay sand totaling over 175 feet in five separate Operc sands. Meridian
has run casing in the well to a depth of 19,770 feet and is currently completing
the well.

                                                                    Page 8 of 14


<PAGE>



         On August 30, 2000 Meridian spudded the Avoca #5-1 well in Section 5 on
the southwest part of the island, approximately 3.5 miles southwest of the Avoca
#47-1 well. On November 6, 2000, a Meridian  representative  advised the Company
by telephone  that the Avoca #5-1 had reached a total depth in a side track hole
of 18,817 feet and is being abandoned as a dry hole.

         Burlington  Resources Oil & Gas Company's Conrad Industries No. 1 well,
located in the Wyandotte  Field opposite the northern part of Avoca Island,  was
placed on production  April 29, 2000 and generated  $121,192 in royalty  income,
net of severance  taxes, in the third quarter of 2000. The current average daily
production  was 5,261 Mcf of gas and 109  barrels  of  condensate  when the well
"watered  out" on August 20,  2000.  Burlington  has advised the Company that it
plans to  sidetrack  the well in an attempt to restore  production.  Avoca's net
revenue interest in the unit is approximately 6.30%.

         From the second  quarter of 1997 until the fourth  quarter of 1999, the
Delta Operating  Corporation  (formerly  Alliance Operating Company) Avoca No. 1
well,  also  in the  Ramos  Field,  was  responsible  for  virtually  all of the
Company's  royalty income.  As compared with the third quarter of 1999,  royalty
income,  net of severance taxes,  from the Avoca No. 1 well increased $11,055 or
approximately  31% as a result of a 78%  increase in the average  sales price of
gas,  which  offset a 40%  decline in gas  production.  According  to the well's
operator,  a recently completed acid treatment to the well's producing formation
has improved its performance.

         Lease bonuses and delay rentals for the  three-month  period  increased
$31,600 as compared to the third  quarter of 1999 as a result of the exercise by
McRae Exploration & Production,  Inc. of its option to take down an oil, gas and
mineral lease on 158 acres on the northern part of the island.

                                                                    Page 9 of 14


<PAGE>



         Interest  income  on  U.S.   Government  and  U.S.   Government  agency
securities increased $12,130 or approximately 36% because of the availability of
increased funds for investment and slightly higher interest rates.

         As compared with the third quarter of 1999,  total  expenses  increased
$2,780  or  approximately  7%.  Increases  in legal  and  accounting  serv  ices
(primarily  attributable to the litigation discussed in Part II of this report),
consultant  fees and insurance were partially  offset by decreases in geological
and engineering fees and miscellaneous expenses.

         The change in income tax expense for the three months  ended  September
30, 2000  resulted  from an increase in taxable  income for the third quarter of
2000 as compared to the third quarter of 1999.

         Total  revenue  for the  nine-month  period  ended  September  30, 2000
increased  $1,059,321  or  approximately  145%.  The  increase  resulted  from a
substantial increase in royalty income and modest increases in lease bonuses and
delay  rentals,  interest  income and rental and other  income,  which more than
offset the absence of income from lease option payments.

         Royalty income,  net of severance  taxes,  for the first nine months of
2000 was $1,199,735 or approximately  915% higher than the corresponding  period
of  1999.  The  primary  reason  for the  increase  is the  production  from the
Thibodaux  No. 1 & No. 2 wells  and the  Conrad  Industries  #1 well  previously
discussed.

         Lease bonuses and rental income  increased  $31,600  because of the new
McRae lease, discussed above.

                                                                   Page 10 of 14


<PAGE>



         Interest  income  on  U.S.   Government  and  U.S.   Government  agency
securities increased $20,200 or approximately 21% because of the availability of
increased funds for investment and slightly higher interest rates.

         Expenses for the nine-month  period ended  September 30, 2000 increased
$51,708 or  approximately  38%. Of the $37,894  increase in legal and accounting
services,  $32,292  is  attributable  to  legal  fees  relating  to the  lawsuit
described  under  Part  II,  Item  1 of  this  report,  incorporated  herein  by
reference,  and to unitization  proceedings on the Burlington  Conrad Industries
No.  1  well.   Consultant  fees  increased   primarily  because  of  additional
compensation  earned by the  Company's  general  manager and its land manager on
Avoca Island.  Increased mineral activity,  including  unitization  proceedings,
resulted in a $6,837 increase in geological and engineering fees.

         The change in income tax expense for the nine  months  ended  September
30, 2000 resulted  from an increase in taxable  income for the first nine months
of 2000 as compared to the like period of 1999.

         The  Company's  continued  liquidity  is  evidenced  by the  fact  that
approximately  91% of its assets,  as measured by book value,  are cash and U.S.
Government and U.S. Government agency securities.

         In addition to interest income and the leasing of hunting  rights,  the
Company  customarily  derives  essentially all of its other income from bonuses,
delay  rentals and  royalties  under oil,  gas and  mineral  leases of its Avoca
Island acreage.  The Company's business is passive and all capital  requirements
for exploration,  development and production of the Company's  mineral resources
are funded by its lessees.

                                                                   Page 11 of 14


<PAGE>



                           Part II - OTHER INFORMATION

Item 1 - Legal Proceedings

         As noted in the Company's 10-KSB report for 1999,  Avoca,  Incorporated
on December 29, 1999 filed in the 16th Judicial District Court for the Parish of
St.  Mary  (Docket  No.  105195)  a  lawsuit  to evict a former  lessee,  Ernest
Singleton,  from a small  parcel of land  (less  than 10 acres)  located  in the
northeast part of Avoca Island.  The parcel is included in The Meridian Resource
&  Exploration,  Inc.'s  647.504 acre unit for the C.M.  Thibodaux  Nos. 1 and 3
wells.

         The  defendant,  individually  and on behalf of numerous other heirs of
John  Singleton,  has filed a  Reconventional  Demand  and  Petition  in Nullity
asserting  ownership  of the parcel (and other lands not claimed by the Company)
on the ground that a 1970 court judgment which recognized the Company's title to
the  disputed  area is a nullity.  The Company  has  responded  with  peremptory
exceptions of prescription and res judicata.

         On June 7, 2000, the court rendered judgment in favor of the Company on
the eviction  proceedings and ordered Ernest Singleton to vacate the premises. A
notice of appeal has been  filed,  and all other  issues in the  lawsuit  remain
unresolved.

Item 6 - Exhibits and Reports on Form 8-K
         (a)      Exhibits required by Item 601 of Regulation S-B:
         Exhibit 27 - Financial Data Schedule.
         (b)      Reports on Form 8-K
         Reports on Form 8-K: No reports  have been filed during the quarter for
which this report is filed.

                                                                   Page 12 of 14


<PAGE>



                                   SIGNATURES

        Pursuant  to the  requirements  of the Securities  Exchange Act of 1934,
the registrant  has duly  caused  this  report  to be  signed  on its  behalf by
the undersigned thereunto duly authorized.

                                         AVOCA, INCORPORATED
                                         -------------------
                                              Registrant



November  9  , 2000                    /s/ Robert C. Baird, Jr.
        -----                          ------------------------------
                                       Robert C. Baird, Jr.
                                       President and Principal Financial Officer


                                                                   Page 13 of 14


<PAGE>


                                  EXHIBIT INDEX


                                                                    Sequentially
 Exhibit                                                              Numbered
 Number              Description                                        Page


  27                 Financial Data Schedule


                                                                   Page 14 of 14