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, 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 0-16208


                       WESTFORD TECHNOLOGY VENTURES, L.P.

--------------------------------------------------------------------------------
                          (Exact name of registrant as specified in its charter)


Delaware                                                             13-3423417
--------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

17 Academy Street, 5th Floor

Newark, New Jersey                                                    07102-2905
--------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code:  (973) 624-2131

Not applicable

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

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No


<PAGE>


                          WESTFORD TECHNOLOGY VENTURES, L.P.
                                      INDEX

PART I.       FINANCIAL INFORMATION

Item 1.       Financial Statements.

Balance Sheets as of March 31, 2000 (Unaudited) and December 31, 1999

Schedule of Portfolio Investments as of March 31, 2000 (Unaudited)

Statements of Operations for the Three Months Ended March 31, 2000 and 1999
(Unaudited)

Statements of Cash Flows for the Three Months Ended March 31, 2000 and 1999
(Unaudited)

Statement of Changes in Partners' Capital for the Three Months Ended March 31,
2000 (Unaudited)

Notes to Financial Statements (Unaudited)

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

Item 3.       Quantitative and Qualitative Disclosure about Market Risk

PART II.      OTHER INFORMATION

Item 1.       Legal Proceedings.

Item 2.       Changes in Securities.

Item 3.       Defaults upon Senior Securities.

Item 4.       Submission of Matters to a Vote of Security Holders.

Item 5.       Other Information.

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



<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1.       Financial Statements.

WESTFORD TECHNOLOGY VENTURES, L.P.
BALANCE SHEETS
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                       March 31, 2000          December 31,
                                                                                          (Unaudited)                1999

ASSETS

Portfolio investments, at fair value (cost of $7,673,183 as of
    March 31, 2000 and $10,769,780 as of December 31, 1999)                            $      4,228,165        $      5,550,221
Cash and cash equivalents                                                                     1,317,476                     603
Accrued interest receivable                                                                      49,282                  43,048
                                                                                       ----------------        ----------------

TOTAL ASSETS                                                                           $      5,594,923        $      5,593,872
                                                                                       ================        ================


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
Accounts payable and accrued expenses                                                  $         30,147        $         35,645
Due to Management Company                                                                       488,804                 540,304
Due to Independent General Partners                                                              86,250                  82,500
                                                                                       ----------------        ----------------
   Total liabilities                                                                            605,201                 658,449
                                                                                       ----------------        ----------------

Partners' Capital:
Managing General Partner                                                                        237,661                 584,100
Individual General Partners                                                                       2,877                   3,367
Limited Partners (11,217 Units)                                                               8,194,202               9,567,515
Unallocated net unrealized depreciation of investments                                       (3,445,018)             (5,219,559)
                                                                                       ----------------        ----------------
   Total partners' capital                                                                    4,989,722               4,935,423
                                                                                       ----------------        ----------------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                                $      5,594,923        $      5,593,872
                                                                                       ================        ================
</TABLE>


See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)
March 31, 2000
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                     Initial Investment
Investment Description                                                      Date                  Cost               Fair Value
-------------------------------------------------------------------------------------------------------------------------------
Inn-Room Systems, Inc.*
Automated in-room vending units for the lodging industry
1,548,494 shares of Common Stock                                         Oct. 1989            $    1,320,349    $        300,000
Demand Promissory Note at prime plus 1% due 12/31/00                                                 102,940             102,940
                                                                                              --------------    ----------------
                                                                                                   1,423,289             402,940
--------------------------------------------------------------------------------------------------------------------------------
Spectrix Corporation*
Infrared data transfer technology for networks
60,547 shares of Series A Preferred Stock                                June 1989                   784,319              60,547
2,216,626 shares of Series B Preferred Stock                                                       4,261,901           2,216,626
699,256 shares of Common Stock                                                                       354,878             699,256
Warrants to purchase 50,000 shares of Common Stock at
   $4.00 per share, expiring 04/30/03                                                                      0                   0
                                                                                              --------------    ----------------
                                                                                                   5,401,098           2,976,429
--------------------------------------------------------------------------------------------------------------------------------
Thunderbird Technologies, Inc.
Designer of high performance, low power integrated
   circuit products
788,796 shares of Series A Preferred Stock                               Oct. 1992                   788,796             788,796
Demand Promissory Notes at prime                                                                      60,000              60,000
                                                                                              --------------    ----------------
                                                                                                     848,796             848,796
--------------------------------------------------------------------------------------------------------------------------------

TOTAL PORTFOLIO INVESTMENTS (A)                                                               $    7,673,183    $      4,228,165
                                                                                              ==============    ================

</TABLE>


(A) In  January  2000,   SER  Systems  AG  completed  its   acquisition  of  EIS
    International,  Inc. at $6.25 per share. The Partnership received $1,429,623
    for its EIS shares, resulting in a realized loss of $1,667,334.

* May be deemed  an  affiliated  person of the  Partnership  as  defined  by the
Investment Company Act of 1940.

See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF OPERATIONS (Unaudited)
For the Three Months Ended March 31,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                                   2000                1999
                                                                                               -------------       -----------

INVESTMENT INCOME AND EXPENSES

   Income:
   Interest from short-term investments                                                         $      5,144    $           109
   Interest and other income from portfolio investments                                                3,804              3,016
                                                                                                ------------    ---------------
   Total investment income                                                                             8,948              3,125
                                                                                                ------------    ---------------

   Expenses:
   Management fee                                                                                     37,500             50,000
   Professional fees                                                                                  13,228              6,775
   Mailing and printing                                                                                5,628              3,500
   Independent General Partners' fees                                                                  3,750              6,750
   Other expenses                                                                                      1,750              1,575
                                                                                                ------------    ---------------
   Total expenses                                                                                     61,856             68,600
                                                                                                ------------    ---------------

NET INVESTMENT LOSS                                                                                  (52,908)           (65,475)

Net realized loss from portfolio investments                                                      (1,667,334)           (46,223)
                                                                                                ------------    ---------------

NET REALIZED LOSS FROM OPERATIONS                                                                 (1,720,242)          (111,698)

Change in net unrealized depreciation of investments                                               1,774,541           (549,271)
                                                                                                ------------    ---------------

NET INCREASE (DECREASE) NET ASSETS RESULTING

   FROM OPERATIONS                                                                              $     54,299    $      (660,969)
                                                                                                ============    ===============

</TABLE>

See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF CASH FLOWS (Unaudited)
For the Three Months Ended March 31,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                                  2000                 1999
                                                                                              ------------         ------------

CASH FLOWS (USED FOR) PROVIDED FROM
OPERATING ACTIVITIES

Net investment loss                                                                         $       (52,908)        $   (65,475)

Adjustments to reconcile  net  investment  loss to cash (used for) provided from
   operating activities:

(Increase) decrease in accrued interest and receivable                                               (6,234)              6,657
(Decrease) increase in payables, net                                                                (53,248)             97,156
                                                                                            ---------------         -----------
Cash (used for) provided from operating activities                                                 (112,390)             38,338
                                                                                            ---------------         -----------

CASH FLOWS PROVIDED FROM (USED FOR)
INVESTING ACTIVITIES

Cost of portfolio investments purchased                                                                   -             (50,000)
Proceeds from the sale of portfolio investments                                                   1,429,263              14,365
                                                                                            ---------------         -----------
Cash provided from (used for) investing activities                                                1,429,263             (35,635)
                                                                                            ---------------         -----------

Increase in cash and cash equivalents                                                             1,316,873               2,703
Cash and cash equivalents at beginning of period                                                        603               7,998
                                                                                            ---------------         -----------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                  $    1,317,476          $    10,701
                                                                                            ==============          ===========


Supplemental disclosure of non-cash investing activities:

   Conversion of accrued interest into cost of portfolio investment                           $           -       $(249,566)
                                                                                              =============       =========
</TABLE>


See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENT OF CHANGES IN PARTNERS' CAPITAL (Unaudited)
For the Three Months Ended March 31, 2000
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                               Unallocated
                                           Managing       Individual                        Net Unrealized
                                            General         General           Limited       Depreciation of
                                            Partner        Partners          Partners          Investments           Total
                                        ------------     -----------      --------------    ---------------     ---------------
Balance as of December 31, 1999         $    584,100      $   3,367       $    9,567,515    $    (5,219,559)    $     4,935,423

Net investment loss                              230            (19)             (53,119)                 -             (52,908)

Net realized loss from portfolio
   investments                               (346,669)           (471)        (1,320,194)                 -          (1,667,334)

Change in unrealized

   depreciation of investments                     -              -                    -          1,774,541           1,774,541
                                        ------------      ---------       --------------    ---------------     ---------------

Balance as of March 31, 2000            $    237,661      $   2,877       $    8,194,202(A) $    (3,445,018)    $     4,989,722
                                        ============      =========       ==============    ===============     ===============

</TABLE>




(A)  The net asset  value  per  $1,000  unit of  limited  partnership  interest,
     including  an  assumed   allocation  of  net  unrealized   depreciation  of
     investments, is $440.

See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS (Unaudited)

1.     Organization and Purpose

     Westford  Technology  Ventures,  L.P.  (the  "Partnership")  is a  Delaware
limited  partnership  formed on September 3, 1987.  WTVI Co., L.P., the managing
general partner of the  Partnership  (the "Managing  General  Partner") and four
individuals (the "Individual  General Partners") are the general partners of the
Partnership.  Hamilton Capital Management Inc. (the "Management Company") is the
general partner of the Managing  General  Partner and the management  company of
the Partnership.  The Partnership began its principal  operations on December 1,
1988.

The  Partnership's  objective is to achieve  long-term  capital  appreciation by
making venture  capital  investments  in new and developing  companies and other
special  investment  situations.  The  Partnership  will not engage in any other
business or activity.  The  Partnership  is scheduled to terminate no later than
December 31, 2000.  However,  the Individual  General Partners have the right to
extend the term of the Partnership for an additional  two-year  period,  if they
determine that such extension is in the best interest of the Partnership.

2.     Significant Accounting Policies

Valuation of Investments - Short-term  investments are carried at amortized cost
which approximates  market.  Portfolio  investments are carried at fair value as
determined  quarterly by the Managing  General  Partner under the supervision of
the Individual General Partners.  Publicly-held  portfolio securities are valued
at the closing public market price on the valuation date  discounted by a factor
of 0% to 50% for sales restrictions.  Factors considered in the determination of
an  appropriate  discount  include,  underwriter  lock-up  or Rule  144  trading
restrictions,  insider status where the Partnership  either has a representative
serving on the Board of  Directors  or is greater  than a 10%  shareholder,  and
other  liquidity  factors  such as the size of the  Partnership's  position in a
given  company   compared  to  the  trading  history  of  the  public  security.
Privately-held  portfolio  securities  are  valued  at  cost  until  significant
developments  affecting  the  portfolio  company  provide a basis for  change in
valuation.  The fair  value of  private  securities  is  adjusted  to reflect 1)
meaningful  third-party  transactions  in the private  market or 2)  significant
progress or slippage in the development of the company's business such that cost
is no longer reflective of fair value. As a venture capital investment fund, the
Partnership's  portfolio  investments  involve  a high  degree of  business  and
financial  risk that can result in  substantial  losses.  The  Managing  General
Partner  considers such risks in determining the fair value of the Partnership's
portfolio investments.

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 and
disclosure of  contingent  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 those estimates.

Investment  Transactions - Investment  transactions  are recorded on the accrual
method.  Portfolio  investments  are  recorded on the trade  date,  the date the
Partnership  obtains an  enforceable  right to demand the  securities or payment
therefore.  Realized  gains and losses on  investments  sold are  computed  on a
specific identification basis.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS (Unaudited), continued

Income Taxes - No provision  for income taxes has been made since all income and
losses are  allocable to the Partners for inclusion in their  respective  income
tax returns.  The  Partnership's  net assets for  financial  reporting  purposes
differ from its net assets for tax purposes. Net unrealized depreciation of $3.4
million as of March 31, 2000, was recorded for financial  statement purposes but
has not been recognized for tax purposes.  Additionally, from inception to March
31, 2000, other timing  differences  relating to the sale of Units totaling $1.2
million were charged to partners'  capital on the financial  statements but have
not been deducted or charged against partners' capital for tax purposes.

Cash Equivalents - The Partnership  considers all highly liquid debt instruments
(primarily money market funds) to be cash equivalents.

3.     Allocation of Partnership Profits and Losses

The  Partnership  Agreement  provides that the Managing  General Partner will be
allocated,  on a cumulative basis over the life of the  Partnership,  20% of the
Partnership's  aggregate  investment  income and net realized gains from venture
capital investments,  provided that such amount is positive. All other gains and
losses of the Partnership  are allocated  among all the Partners,  including the
Managing   General   Partner,   in  proportion  to  their   respective   capital
contributions to the Partnership.

4.     Related Party Transactions

The  Management  Company is responsible  for the  management and  administrative
services necessary for the operation of the Partnership. For these services, the
Management  Company  received a management  fee through  December 31, 1999 at an
annual rate of 2.5% of the gross capital  contributions  to the Partnership (net
of selling  commissions and  organizational  expenses paid by the  Partnership),
reduced  by capital  distributed  and  realized  losses,  with a minimum  fee of
$200,000 per annum.  The  Management  Company  voluntarily  agreed to reduce the
minimum  management  fee  payable  by the  Partnership  to  $150,000  per annum,
effective January 1, 2000.

The Management Company also directly provides certain  shareholder  services and
database  management  support for the Limited Partners of the  Partnership.  For
such services,  the Management Company had charged the Partnership an additional
fee of $8,500 per quarter through December 31, 1998. This amount was paid to the
Management  Company in addition to the regular  management fee discussed  above.
Effective  January 1, 1999,  however,  the Management  Company agreed to provide
such services for no additional fee.

As  compensation  for services  rendered to the  Partnership,  each of the three
Independent  General  Partners  received an annual fee of $10,000 and $1,000 for
each meeting of the Independent  General Partners  attended,  plus out-of-pocket
expenses. The annual fee paid to each Independent General Partner was reduced to
$5,000 for the year ended  December 31,  1999.  Effective  January 1, 2000,  the
Independent General Partners voluntarily waived all future meeting fees.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
NOTES TO FINANCIAL STATEMENTS (Unaudited), continued

5.     Classification of Portfolio Investments

As of March 31, 2000 the Partnership's portfolio investments were categorized as
follows:
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                                          Percentage of
Type of Investments                                        Cost                   Fair Value               Net Assets*
-------------------                                   ---------------           ---------------            -----------
Preferred Stock                                      $      5,835,016            $    3,065,969               61.44%
Common Stock                                                1,675,227                   999,256               20.03%
Debt Securities                                               162,940                   162,940                 3.27%
                                                     ----------------            --------------             ---------
Total                                                $      7,673,183            $    4,228,165               84.74%
                                                     ================            ==============             ========

Country/Geographic Region
Midwestern U.S.                                      $      6,824,387            $    3,379,369               67.73%
Eastern U.S.                                                  848,796                   848,796               17.01%
                                                     ----------------            --------------             --------
Total                                                $      7,673,183            $    4,228,165               84.74%
                                                     ================            ==============             ========

Industry
Wireless Communications                              $      5,401,098            $    2,976,429               59.65%
Vending Equipment                                           1,423,289                   402,940                8.08%
Semiconductors                                                848,796                   848,796               17.01%
                                                     ----------------            --------------             --------
Total                                                $      7,673,183            $    4,228,165               84.74%
                                                     ================            ==============             ========

</TABLE>


* Fair value as a percentage of net assets.


<PAGE>


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

Liquidity and Capital Resources

In connection with the acquisition of EIS International,  Inc. by SER Systems AG
completed in January 2000, the  Partnership  received  $1,429,623,  or $6.25 for
each of its 228,682 common shares of EIS.

As of March 31, 2000, the  Partnership  held  $1,317,476 in an  interest-bearing
cash account.  The Partnership  earned $5,144 of interest from such cash account
for  the  three  months  ended  March  31,  2000.   Interest   earned  from  the
Partnership's  cash  balances  and  short-term  investments,  if any,  in future
periods is subject to fluctuations  in short-term  interest rates and changes in
amounts available for investment in such securities.

The Partnership  has fully invested the net proceeds  received from the offering
of Units and will not make  additional  investments in new portfolio  companies.
However, the Partnership may make additional  follow-on  investments in existing
portfolio companies, if required.

As of March 31, 2000, the Partnership's current liabilities of $605,201 included
$488,804  due to the  Management  Company  and  $86,250  due to the  Independent
General  Partners.  Funds  needed  to cover  such  current  liabilities,  future
follow-on investments, if any, and operating expenses will be obtained primarily
from  existing  cash  reserves and proceeds  from the sale of the  Partnership's
remaining portfolio investments.

Results of Operations

For the three months ended March 31, 2000 and 1999,  the  Partnership  had a net
realized  loss from  operations of $1,720,242  and $111,698,  respectively.  Net
realized  gain or loss from  operations is comprised of (i) net realized gain or
loss from portfolio investments and (ii) net investment income or loss (interest
and dividend income less operating expenses).

Realized  Gains and Losses from  Portfolio  Investments  - For the three  months
ended March 31, 2000,  the  Partnership  had a $1,667,334 net realized loss from
its portfolio  investments.  As discussed above, in January 2000, SER Systems AG
completed its  acquisition of EIS  International,  Inc. at $6.25 per share.  The
Partnership received $1,429,623 for its EIS shares, resulting in a realized loss
of $1,667,334.

For the three  months ended March 31, 1999,  the  Partnership  had a $46,223 net
realized  loss from its  portfolio  investments  due to the write off of the net
receivable  balance  due from the 1994 sale of Eidetics  Incorporated.  In April
1994,  Eidetics  Incorporated was sold in a management  buyout for a $4,190 cash
down payment and potential  future  payments to be determined by the actual cash
receipts of the acquiring  company for five years from the buyout date. In 1994,
the Partnership  recorded a $250,597  receivable related to such expected future
payments.  At the end of the  five-year  period  actual cash  payments  received
against the receivable  balance totaled $204,374.  The Partnership also received
interest payments totaling $72,965 over the five-year period.

Investment  Income and Expenses - Net investment loss for the three months ended
March 31, 2000 and 1999 was $52,908 and  $65,475,  respectively.  The  favorable
change in net  investment  loss  resulted  from a $5,823  increase in investment
income and an $6,744  decrease  in  operating  expenses  for the 2000  period as
compared to the same period in 1999. The increase in investment income primarily
resulted from an increase in interest  from  short-term  investments  during the
2000 period as compared to the same period in 1999.  This increase was due to an
increase in funds  available for investment in such  securities  during the 2000
period,  resulting  from the proceeds  received in January 2000 from the sale of
the Partnership's holdings of EIS, as discussed above. The decrease in operating
expenses  primarily  resulted from a decline in the management fee, as discussed
below. Additionally, effective January 1, 2000, the Independent General Partners
voluntarily  waived all meeting fees  previously  paid at $1,000 per meeting for
each  of the  Independent  General  Partners.  As a  result,  fees  paid  to the
Independent  General Partners  declined  $3,000,  to $3,750 for the three months
ended March 31, 2000  compared  to $6,750 for the three  months  ended March 31,
1999.

Reductions due to the management  fee and fees paid to the  Independent  General
Partners  were  partially  offset  by  increases  in other  operating  expenses,
primarily  professional  fees.  Professional fees increased $6,453 for the three
months ended March 31, 2000 compared to the same period in 1999 primarily due to
additional accounting fees relating to the quarterly financial statement review,
which is now  required for all business  development  companies  filing SEC Form
10-Q.

The  Management  Company is responsible  for the  management and  administrative
services necessary for the operation of the Partnership. For these services, the
Management  Company  received a management  fee through  December 31, 1999 at an
annual rate of 2.5% of the gross capital  contributions  to the Partnership (net
of selling  commissions and  organizational  expenses paid by the  Partnership),
reduced  by capital  distributed  and  realized  losses,  with a minimum  fee of
$200,000 per annum.  The  Management  Company  voluntarily  agreed to reduce the
minimum  management  fee  payable  by the  Partnership  to  $150,000  per annum,
effective  January 1, 2000. The management fee for the three-month  period ended
March 31, 2000 and 1999 was $37,500 and $50,000, respectively.

To the extent possible,  the management fee and other expenses incurred directly
by the Partnership are paid with funds provided from operations.  Funds provided
from  operations  primarily are obtained from interest  received from short-term
investments,  interest and other income received from portfolio  investments and
proceeds received from the sale of portfolio investments.

Unrealized Gains and Losses and Changes in Unrealized  Depreciation of Portfolio
Investments - For the three months ended March 31, 2000, the  Partnership  had a
$1,774,541  favorable  change in net  unrealized  depreciation  of  investments,
resulting from the transfer of $1,774,541  from unrealized loss to realized loss
relating to the sale of the Partnership's holdings of EIS, as discussed above.

For the three  months  ended  March 31,  1999,  the  Partnership  had a $549,271
unfavorable change in net unrealized depreciation of investments, resulting from
the net downward  revaluation of its investments in EIS International,  Inc. and
Spectrix Corporation.

Net Assets - Changes in net assets resulting from operations are comprised of 1)
net  realized  gain or loss from  operations  and 2) changes  in net  unrealized
appreciation or depreciation of investments.

As of March 31, 2000, the Partnership's  net assets were $4,989,722,  reflecting
an increase of $54,299  from net assets of  $4,935,423  as of December 31, 1999.
This change  represents the increase in net assets  resulting  from  operations,
comprised of the $1,774,541  favorable change in net unrealized  depreciation of
investments  offset by the $1,720,242 net realized loss from  operations for the
three months ended March 31, 2000.

As of March 31, 1999, the Partnership's net assets were $4,393,072, reflecting a
decrease of $660,969 from net assets of $5,054,041 as of December 31, 1998. This
change  represents the decrease in net assets  resulting from operations for the
three  month  period,  comprised  of  the  $549,271  unfavorable  change  in net
unrealized  depreciation  of investments and the $111,698 net realized loss from
operations.

Gains and  losses  from  investments  are  allocated  to the  Partners'  capital
accounts when realized in accordance with the Partnership  Agreement (see Note 3
of Notes to Financial Statements).  However, for purposes of calculating the net
asset value per unit of limited  partnership  interest ("Unit"),  net unrealized
appreciation  or depreciation of investments has been included as if it had been
realized  and  allocated  to  the  Limited   Partners  in  accordance  with  the
Partnership  Agreement.  Pursuant to such  calculation,  the net asset value per
$1,000  Unit as of March  31,  2000 and  December  31,  1999 was $440 and  $435,
respectively.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk.
         -----------------------------------------------------------

The  Partnership  is subject to market risk arising from changes in the value of
its portfolio  investments,  short-term  investments and  interest-bearing  cash
equivalents,  which may result from  fluctuations  in interest  rates and equity
prices.  The  Partnership has calculated its market risk related to its holdings
of these  investments  based on changes  in  interest  rates and  equity  prices
utilizing  a  sensitivity  analysis.  The  sensitivity  analysis  estimates  the
hypothetical  change in fair values, cash flows and earnings based on an assumed
10% change  (increase  or  decrease)  in interest  rates and equity  prices.  To
perform the  sensitivity  analysis,  the assumed 10% change is applied to market
rates  and  prices  on  investments  held by the  Partnership  at the end of the
accounting period.

The  Partnership's   portfolio  investments  had  an  aggregate  fair  value  of
$4,228,165  as of March 31,  2000.  An assumed 10% decline from this fair value,
including  an  assumed  10%  decline  of the  per  share  market  prices  of the
Partnership's  publicly-traded  securities,  would  result in a reduction to the
fair value of such investments and a corresponding unrealized loss of $422,817.

The Partnership had no short-term  investments as of March 31, 2000. Market risk
relating to the Partnership's interest-bearing cash equivalents held as of March
31, 2000 is considered to be immaterial.


<PAGE>


                           PART II - OTHER INFORMATION

Item 1.       Legal Proceedings.
              -----------------

The Partnership is not a party to any material pending legal proceedings.

Item 2.       Changes in Securities.
              ---------------------

Not applicable.

Item 3.       Defaults Upon Senior Securities.
              -------------------------------

Not applicable.

Item 4.       Submission of Matters to a Vote of Security Holders.
              ---------------------------------------------------

The 2000 Annual Meeting of Limited  Partners is scheduled to be held on June 28,
2000.

Item 5.       Other Information.
              -----------------

Not applicable.

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

              (a)   Exhibits

                    (27)   Financial Data Schedule (filed with SEC, EDGAR
                           version only)

              (b) No  reports on Form 8-K have been  filed  during  the  quarter
                  covered by this report.


<PAGE>


                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  this  report has been  signed  below by the  following  persons on
behalf of the Registrant, in the capacities, and on the date indicated.
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

              WESTFORD TECHNOLOGY VENTURES, L.P.


By:           WTVI Co., L.P.
              its managing general partner


By:           Hamilton Capital Management Inc.
              its general partner


By:           /s/       Jeffrey T. Hamilton                       President, Secretary and Director (Principal
              ------------------------------------------------
              Jeffrey T. Hamilton                                 Executive Officer) of Hamilton Capital
                                                                  Management Inc. and Individual General
                                                                  Partner of Westford Technology Ventures, L.P.


By:           /s/       Susan J. Trammell                         Treasurer and Director (Principal Financial
              ------------------------------------------------
              Susan J. Trammell                                   and Accounting Officer) of Hamilton Capital
                                                                  Management Inc.


</TABLE>

Date:         May 15, 2000