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 September 30, 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 September 30, 2000 (Unaudited) and December 31, 1999

Schedule of Portfolio Investments as of September 30, 2000 (Unaudited)

Statements of Operations for the Three and Nine Months Ended September 30, 2000
and 1999 (Unaudited)

Statements of Cash Flows for the Nine Months Ended September 30, 2000 and 1999
(Unaudited)

Statement of Changes in Partners' Capital for the Nine Months Ended
September 30, 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>


                                                                                         September 30,
                                                                                             2000              December 31,
                                                                                          (Unaudited)                1999
ASSETS

Portfolio investments, at fair value (cost of $7,733,952 as of
    September 30, 2000 and $10,769,780 as of December 31, 1999)                        $      4,288,934        $      5,550,221
Cash and cash equivalents                                                                       989,846                     603
Accrued interest receivable                                                                      56,548                  43,048
                                                                                       ----------------        ----------------

TOTAL ASSETS                                                                           $      5,335,328        $      5,593,872
                                                                                       ================        ================


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
Accounts payable and accrued expenses                                                  $         40,143        $         35,645
Due to Management Company                                                                       413,804                 540,304
Due to Independent General Partners                                                               7,500                  82,500
                                                                                       ----------------        ----------------
   Total liabilities                                                                            461,447                 658,449
                                                                                       ----------------        ----------------

Partners' Capital:
Managing General Partner                                                                        238,081                 584,100
Individual General Partners                                                                       2,835                   3,367
Limited Partners (11,217 Units)                                                               8,077,983               9,567,515
Unallocated net unrealized depreciation of investments                                       (3,445,018)             (5,219,559)
                                                                                       ----------------        ----------------
   Total partners' capital                                                                    4,873,881               4,935,423
                                                                                       ----------------        ----------------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                                $      5,335,328        $      5,593,872
                                                                                       ================        ================


</TABLE>


See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)
September 30, 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
Convertible Demand Note at prime plus 1%                                                             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
Convertible Demand Notes at prime                                                                    120,769             120,769
                                                                                              --------------    ----------------
                                                                                                     909,565             909,565
--------------------------------------------------------------------------------------------------------------------------------

TOTAL PORTFOLIO INVESTMENTS                                                                   $    7,733,952    $      4,288,934
                                                                                              ==============    ================

</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)
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>



                                                                       Three Months Ended                  Nine Months Ended
                                                                           September 30,                     September 30,
                                                                       2000           1999              2000            1999
                                                                  ------------    ------------     ------------    --------------

INVESTMENT INCOME AND EXPENSES

     Income:
     Interest from short-term investments                         $      5,851    $          5     $     17,392    $         164
     Interest from portfolio investments                                 4,005           3,328           11,714            9,601
                                                                  ------------    ------------     ------------    -------------
     Total income                                                        9,856           3,333           29,106            9,765
                                                                  ------------    ------------     ------------    -------------

     Expenses:
     Management fee                                                     37,500          50,000          112,500          150,000
     Professional fees                                                  15,518           7,922           43,734           22,285
     Mailing and printing                                               14,185          12,284           25,033           17,479
     Independent General Partners' fees                                  3,750           9,750           11,250           26,250
     Custodial fees                                                      1,500           1,500            4,500            4,500
     Other expenses                                                        563             277              838              702
                                                                  ------------    ------------     ------------    -------------
     Total expenses                                                     73,016          81,733          197,855          221,216
                                                                  ------------    ------------     ------------    -------------

NET INVESTMENT LOSS                                                    (63,160)        (78,400)        (168,749)        (211,451)

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

NET REALIZED LOSS FROM OPERATIONS                                      (63,160)        (78,400)      (1,836,083)        (257,674)

Change in unrealized depreciation of investments                             -               -        1,774,541         (463,515)
                                                                  ------------    ------------     ------------    -------------

NET DECREASE IN NET ASSETS
     RESULTING FROM OPERATIONS                                    $    (63,160)   $    (78,400)    $    (61,542)   $    (721,189)
                                                                  ============    ============     =============   =============


</TABLE>


See notes to financial statements.


<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
STATEMENTS OF CASH FLOWS (Unaudited)
For the Nine Months Ended September 30,
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


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

CASH FLOWS USED FOR OPERATING ACTIVITIES

Net investment loss                                                                             $    (168,749)    $    (211,451)

Adjustments  to  reconcile  net  investment  loss to  cash  used  for  operating
   activities:

(Increase) decrease in accrued interest receivable                                                    (13,500)              110
(Decrease) increase in payables                                                                      (197,002)          246,084
                                                                                                -------------     -------------
Cash (used for) provided from operating activities                                                   (379,251)           34,743
                                                                                                -------------     -------------

CASH FLOWS PROVIDED FROM (USED FOR)
   INVESTING ACTIVITIES

Cost of portfolio investments purchased                                                               (60,769)          (50,000)
Proceeds from the sale of portfolio investments                                                     1,429,263            14,365
                                                                                                -------------     -------------
Cash provided from (used for) investing activities                                                  1,368,494           (35,635)
                                                                                                -------------     -------------

Increase (decrease) in cash and cash equivalents                                                      989,243              (892)
Cash and cash equivalents at beginning of period                                                          603             7,998
                                                                                                -------------     -------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                      $     989,846     $       7,106
                                                                                                =============     =============


Supplemental disclosure of non-cash investing and
   financing activities:

   Conversion of accrued interest receivable 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 Nine Months Ended September 30, 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 at beginning of period          $    584,100      $   3,367      $     9,567,515    $    (5,219,559)   $     4,935,423

Net investment loss                              650            (61)            (169,338)                 -           (168,749)

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

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

Balance at end of period                $    238,081      $   2,835      $     8,077,983(A) $    (3,445,018)   $     4,873,881
                                        ============      =========      ===============    ===============    ===============

</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 $430.




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 $3.4
million as of September 30, 2000, was recorded for financial  statement purposes
but has not been  recognized for tax purposes.  Additionally,  from inception to
September  30,  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.

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  September  30,  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               62.90%
Common Stock                                                1,675,227                   999,256               20.50%
Debt Securities                                               223,709                   223,709                 4.60%
                                                     ----------------            --------------             ---------
Total                                                $      7,733,952            $    4,288,934               88.00%
                                                     ================            ==============             ========

Country/Geographic Region
Midwestern U.S.                                      $      6,824,387            $    3,379,369               69.34%
Eastern U.S.                                                  909,565                   909,565               18.66%
                                                     ----------------            --------------             --------
Total                                                $      7,733,952            $    4,288,934               88.00%
                                                     ================            ==============             ========

Industry
Wireless Communications                              $      5,401,098            $    2,976,429               61.07%
Vending Equipment                                           1,423,289                   402,940                8.27%
Semiconductors                                                909,565                   909,565               18.66%
                                                     ----------------            --------------              -------
Total                                                $      7,733,952            $    4,288,934               88.00%
                                                     ================            ==============             ========

</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

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

As of September 30, 2000, the Partnership  held $989,846 in an  interest-bearing
cash account.  The  Partnership  earned $5,851 and $17,392 of interest from such
cash  account  for  the  three  and  nine  months  ended   September  30,  2000,
respectively.  Interest  earned from the such cash balances in future periods is
subject  to  fluctuations  in  short-term  interest  rates and  changes  in cash
balances held by the Partnership.

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 September 30, 2000,  the  Partnership's  current  liabilities  of $461,447
included  $413,804  due  to  the  Management  Company  and  $7,500  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 and nine months ended  September 30, 2000, the  Partnership  had a
net realized loss from operations of $63,160 and $1,836,083,  respectively.  For
the three and nine months ended  September 30, 1999, the  Partnership  had a net
realized  loss from  operations  of  $78,400  and  $257,674,  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 September 30, 2000 and 1999.

For the nine months ended  September 30, 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,
compared to a cost of $3,096,597, resulting in a realized loss of $1,667,334.

For the nine months ended  September 30, 1999, the Partnership had a $46,223 net
realized  loss  from  its  portfolio  investments  due to the  write  off of the
remaining   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
September 30, 2000 and 1999 was $63,160 and $78,400, respectively. The favorable
change in net investment loss for the 2000 period compared to the same period in
1999 is  comprised  of a  $6,523  increase  in  investment  income  and a $8,717
decrease in operating expenses.  The increase in investment income primarily was
due to an  increase in  interest  from  short-term  investments,  reflecting  an
increase in the amount of the Partnership's  interest earning cash balances held
during the three months ended  September 30, 2000 compared to the same period in
1999.  The  decrease in  operating  expenses  included a $12,500  decline in the
management  fee, as discussed  below,  and a $6,000  decline in fees paid to the
Independent  General  Partners.  Effective on January 1, 2000,  the  Independent
General  Partners  voluntary  agreed to waive of all future meeting fees,  which
were previously paid at $1,000 per meeting. 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 and mailing
and printing  expenses.  Professional fees increased $7,596 for the three months
ended  September 30, 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.  Mailing  and  printing  expenses  increased  for the three  months  ended
September 30, 2000  compared to the same period in 1999 due to additional  proxy
costs and certain accrual adjustments made in the 1999 period.

Net  investment  loss for the nine months ended  September 30, 2000 and 1999 was
$168,749 and $211,451, respectively. The favorable change in net investment loss
for the 2000 period as compared  to the same  period in 1999 is  comprised  of a
$19,341  increase  in  investment  income and a $23,361  decrease  in  operating
expenses.  The increase in investment income primarily was due to an increase in
interest from  short-term  investments,  reflecting an increase in the amount of
the  Partnership's  interest  earning cash  balances held during the nine months
ended  September 30, 2000  compared to the same period in 1999.  The decrease in
operating  expenses  included  a  $37,500  decline  in the  management  fee,  as
discussed below,  and a $15,000 decline in fees paid to the Independent  General
Partners.  As discussed  above,  effective on January 1, 2000,  the  Independent
General  Partners  voluntary  agreed to waive of all future meeting fees,  which
were previously paid at $1,000 per meeting. 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 and mailing
and printing  expenses.  Professional fees increased $21,449 for the nine months
ended  September 30, 2000 compared to the same period in 1999,  primarily due to
additional  accounting  fees  relating  to  the  quarterly  financial  statement
reviews,  which are now required for all business  development  companies filing
SEC Form 10-Q. Mailing and printing expenses increased for the nine months ended
September 30, 2000  compared to the same period in 1999 due to additional  proxy
costs and certain accrual adjustments made in the 1999 period.

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  months  ended
September  30,  2000  and  1999  was  $37,500  and  $50,000,  respectively.  The
management  fee for the nine months ended  September  2000 and 1999 was $112,500
and $150,000, respectively.

Additionally,  the Management Company 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 provided
such services for no additional fee.

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, income earned 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 nine months ended  September 30, 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 investment in EIS International, Inc.,
as discussed above.

For the nine months ended  September 30, 1999,  the  Partnership  had a $463,515
unfavorable change in net unrealized depreciation of investments, resulting from
the  net  downward   revaluation  of  the  Partnership's   remaining   portfolio
investments for the period.

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  September  30,  2000,  the  Partnership's  net  assets  were  $4,873,881,
reflecting  a decrease of $61,542 from net assets of  $4,935,423  as of December
31,  1999.  This change  represents  the decrease in net assets  resulting  from
operations for the nine-month period ended September 30, 2000,  comprised of the
$1,836,083 net realized loss from operations  partially offset by the $1,774,541
favorable  change in net unrealized  depreciation  of  investments  for the nine
months ended September 30, 2000.

As of  September  30,  1999,  the  Partnership's  net  assets  were  $4,332,852,
reflecting a decrease of $721,189  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 nine-month period ended September 30, 1999,  comprised of the
$463,515  unfavorable  change in net unrealized  depreciation of investments and
the $257,674 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 at  September  30,  2000 and  December  31, 1999 was $430 and $435,
respectively.


<PAGE>



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
$4,228,934  as of  September  30,  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 $422,893.

The Partnership had no short-term  investments as of September 30, 2000.  Market
risk relating to the Partnership's  interest-bearing cash equivalents held as of
September 30, 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,  originally  scheduled for June 28,
2000,  was held on August 3, 2000. At the meeting,  the  following  matters were
voted on and approved:
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                      Affirmative
                                                                         Votes                Withheld
Election of the four Individual General Partners, to serve for
the ensuing year:
Jeffrey T. Hamilton                                                     4,646                  1,719
Robert S. Ames                                                          4,646                  1,719
Alfred M. Bertocchi                                                     4,646                  1,719
George M. Weimer                                                        4,646                  1,719


                                                                      Affirmative             Negative
                                                                         Votes                  Votes              Abstentions
Election of the General Partner, WTVI Co., L.P.
to serve as Managing General Partner
for the ensuing year.                                                   4,655                  1,860                 n/a

Approval of the continuance of the
Management Agreement between the
Partnership and the Management Company                                  4,250                  1,776                 313

Ratification of the selection of
BDO Seidman LLP as independent
auditors for the Partnership's fiscal
year ending December 31, 2000                                           5,230                  776                   333
</TABLE>


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

Not applicable.


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

              (a)   Exhibits

                    (27)   Financial Data Schedule.

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

</TABLE>


Date:         November 14, 2000