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, 2001

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, 2001 (Unaudited) and December 31, 2000

Schedule of Portfolio Investments as of March 31, 2001 (Unaudited)

Statements of Operations for the Three Months Ended March 31, 2001 and 2000
(Unaudited)

Statements of Cash Flows for the Three Months Ended March 31, 2001 and 2000
(Unaudited)

Statement of Changes in Partners' Capital for the Three Months Ended March 31,
2001 (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>
                                                                                       March 31, 2001          December 31,
                                                                                          (Unaudited)                2000

ASSETS

Portfolio investments at fair value (cost of $7,733,952 as of
    March 31, 2001 and December 31, 2000)                                              $      4,065,739        $      4,065,739
Cash and cash equivalents                                                                       747,985                 919,613
Accrued interest receivable                                                                      67,003                  61,901

TOTAL ASSETS                                                                           $      4,880,727        $      5,047,253


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
Accounts payable and accrued expenses                                                  $         30,310        $         36,667
Due to Management Company                                                                       288,804                 401,304
Due to Independent General Partners                                                               3,750                       -
   Total liabilities                                                                            322,864                 437,971

Partners' Capital:
Managing General Partner                                                                        239,312                 238,751
Individual General Partners                                                                       2,803                   2,821
Limited Partners (11,217 Units)                                                               7,983,961               8,035,923
Unallocated net unrealized depreciation of investments                                       (3,668,213)             (3,668,213)
   Total partners' capital                                                                    4,557,863               4,609,282

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                                $      4,880,727        $      5,047,253
</TABLE>

See notes to financial statements.



<PAGE>
WESTFORD TECHNOLOGY VENTURES, L.P.
SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)
March 31, 2001
<TABLE>
<S><C>
                                                                           Initial
                                                                         Investment
Investment Description                                                      Date                  Cost               Fair Value
Inn-Room Systems, Inc.*
Automated in-room vending units for the lodging industry
15,485 shares of Common Stock                                            Oct. 1989            $    1,320,349    $         76,805
Convertible Demand Note at prime plus 1%                                                             102,940             102,940
                                                                                                   1,423,289             179,745
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
Convertible Demand Notes at prime                                                                    120,769             120,769
                                                                                                     909,565             909,565

TOTAL PORTFOLIO INVESTMENTS                                                                   $    7,733,952    $      4,065,739
</TABLE>


*   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>

                                                                                                   2001                2000

INVESTMENT INCOME AND EXPENSES

   Income:
   Interest from short-term investments                                                         $      4,207    $         5,144
   Interest and other income from portfolio investments                                                5,400              3,804
   Total investment income                                                                             9,607              8,948

   Expenses:
   Management fee                                                                                     37,500             37,500
   Professional fees                                                                                  13,361             13,228
   Mailing and printing                                                                                4,835              5,628
   Independent General Partners' fees                                                                  3,750              3,750
   Other expenses                                                                                      1,580              1,750
   Total expenses                                                                                     61,026             61,856

NET INVESTMENT LOSS                                                                                  (51,419)           (52,908)

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

NET LOSS FROM OPERATIONS                                                                             (51,419)        (1,720,242)

Change in net unrealized depreciation of investments                                                       -          1,774,541

NET (DECREASE) INCREASE NET ASSETS RESULTING
   FROM OPERATIONS                                                                              $    (51,419)   $        54,299
</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>
                                                                                                  2001                2000

CASH FLOWS USED FOR OPERATING ACTIVITIES

Net (decrease) increase in net assets from operations                                       $       (51,419)    $        54,299

Adjustments to reconcile net (decrease) increase in net assets
   from operations to cash used for operating activities:

Net realized loss from portfolio investments                                                              -           1,667,334
Change in net unrealized depreciation of investments                                                      -          (1,774,541)
Increase in accrued interest and receivable                                                          (5,102)             (6,234)
Decrease in payables, net                                                                          (115,107)            (53,248)
Cash used for operating activities                                                                 (171,628)           (112,390)

CASH FLOWS PROVIDED FROM INVESTING ACTIVITIES

Proceeds from the sale of portfolio investments                                                           -           1,429,263
Cash provided from investing activities                                                                   -           1,429,263

(Decrease) increase in cash and cash equivalents                                                   (171,628)          1,316,873
Cash and cash equivalents at beginning of period                                                    919,613                 603

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                  $      747,985      $     1,317,476
</TABLE>


See notes to financial statements.


<PAGE>
WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Unaudited)
For the Three Months Ended March 31, 2001

<TABLE>
<S><C>
                                                                                               Unallocated
                                             Managing      Individual                        Net Unrealized
                                              General        General          Limited         Depreciation
                                              Partner       Partners         Partners        of Investments          Total

Balance as of December 31, 2000          $    238,751      $    2,821     $    8,035,923     $   (3,668,213)    $     4,609,282

Net loss from operations                          561             (18)           (51,962)                 -             (51,419)

Balance as of March 31, 2001             $    239,312      $    2,803     $    7,983,961 (A) $   (3,668,213)    $     4,557,863

</TABLE>

(A)  The net asset value per unit of limited partnership  interest,  including
  an assumed allocation of net unrealized  depreciation of investments, is $402.


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. In November 2000, the Individual General Partners approved
the final two-year  extension of the Partnership's  term. The Partnership is now
scheduled to terminate no later than December 31, 2002.

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 $3.7 million as of March 31, 2001,  was recorded for  financial
statement  purposes but has not been recognized for tax purposes.  Additionally,
from inception to March 31, 2001, 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.

     Reclassifications - Certain reclassifications were made to the prior period
financial statements in order to conform to the current period presentation.

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.

     From inception of the  Partnership to December 31, 1998,  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.  Effective  January 1, 1999,  the annual fee paid to each  Independent
General Partner was reduced to $5,000. Additionally,  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, 2001 the Partnership's portfolio investments were categorized
as follows:
<TABLE>
<S><C>
As of March 31, 2001:                                                                            Percentage of
Investment Type                                            Cost                   Fair Value                  Net Assets*
Preferred Stock                                      $      5,835,016            $    3,065,969               67.26%
Common Stock                                                1,675,227                   776,061               17.03%
Debt Securities                                               223,709                   223,709                 4.91%
Total                                                $      7,733,952            $    4,065,739               89.20%

Country/Geographic Region
Midwestern U.S.                                      $      6,824,387            $    3,156,174               69.24%
Eastern U.S.                                                  909,565                   909,565               19.96%
Total                                                $      7,733,952            $    4,065,739               89.20%

Industry
Wireless Communications                              $      5,401,098            $    2,976,429               65.30%
Vending Equipment                                           1,423,289                   179,745                3.94%
Semiconductors                                                909,565                   909,565                19.96%
Total                                                $      7,733,952            $    4,065,739               89.20%
</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

     As of March 31, 2001, the Partnership held $747,985 in an  interest-bearing
cash account.  The Partnership  earned $4,207 of interest from such cash account
for  the  three  months  ended  March  31,  2001.   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 is in its liquidation  phase and will not make  investments
in any new portfolio  companies.  However,  the  Partnership may make additional
follow-on investments in existing portfolio companies, if required.

     As of March 31, 2001,  the  Partnership's  current  liabilities of $322,864
included  $288,804  due  to  the  Management  Company  and  $3,750  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, 2001 and 2000, the  Partnership  had a
net realized loss from operations of $51,419 and $1,720,242,  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 - The Partnership had
no realized gains or losses from its portfolio  investments for the three months
ended March 31, 2001. For the three months ended March 31, 2000, the Partnership
had a $1,667,334 net realized loss from its portfolio  investments,  relating to
the January 2000  acquisition  of EIS  International,  Inc. by SER Systems AG at
$6.25  per  share.  The  Partnership  received  $1,429,623  for its EIS  shares,
resulting in a realized loss of $1,667,334.

     Investment  Income and Expenses - Net investment  loss for the three months
ended March 31, 2001 and 2000 was $51,419 and $52,908,  respectively. The slight
favorable  change  in net  investment  loss  resulted  from a $659  increase  in
investment income and an $830 decrease in operating expenses for the 2001 period
as compared  to the same  period in 2000.  The  increase  in  investment  income
included a $1,596 increase in interest income from portfolio  investments due to
an increase in interest  bearing notes held by the Partnership  during the three
months ended March 31, 2001  compared to the same period in 2000.  This increase
was partially offset by a $937 decrease in interest from short-term  investments
during the 2001 period as compared to the same period in 2000. This decrease was
due to a reduction in funds available for investment in such  securities  during
the 2001 period.  The slight reduction in operating  expenses primarily resulted
from decreases in mailing and printing and other  operation  expenses during the
2001 period as compared to the same period in 2000.

     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  on  January 1,  2000.  The  management  fee was  $37,500  each of the
three-month periods ended March 31, 2001 and 2000.

     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  - The  Partnership  had no  changes  to  the  unrealized
depreciation  of its portfolio  investments for the three months ended March 31,
2001.  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.

     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,  2001,  the  Partnership's  net  assets  were  $4,557,863,
reflecting  a decrease of $51,419 from net assets of  $4,609,282  as of December
31, 2000.  This change  represents the $51,419 net investment loss for the three
months ended March 31, 2001.

     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.

     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,  2001 and  December  31,  2000 was $402 and  $407,
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
$4,065,739  as of March 31,  2001.  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 $406,574.

     The Partnership had no short-term  investments as of March 31, 2001. Market
risk relating to the Partnership's  interest-bearing cash equivalents held as of
March 31, 2001 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.

None.

Item 3.       Defaults Upon Senior Securities.

None.

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

The 2001 Annual Meeting of Limited Partners will be held on June 29, 2001.

Item 5.       Other Information.

None.

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

None.

<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.



              WESTFORD TECHNOLOGY VENTURES, L.P.

<TABLE>
<S><C>
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 14, 2001