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, 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 September 30, 2001 (Unaudited) and December 31, 2000

Schedule of Portfolio Investments as of September 30, 2001 (Unaudited)

Statements of Operations for the Three and Nine Months Ended September 30, 2001
and 2000 (Unaudited)

Statements of Cash Flows for the Nine Months Ended September 30, 2001 and 2000
(Unaudited)

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

<c>

                                                                                        September 30,
                                                                                            2001                 December 31,
                                                                                          (Unaudited)                2000
ASSETS                                                                                ---------------          ----------------

Portfolio investments at fair value (cost of $7,733,952 as of
    September 30, 2001 and December 31, 2000)                                          $    5,553,955          $      4,065,739
Cash and cash equivalents                                                                     555,052                   919,613
Accrued interest receivable                                                                    76,341                    61,901
                                                                                       --------------          ----------------

TOTAL ASSETS                                                                           $    6,185,348          $      5,047,253
                                                                                       ==============          ================


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
Accounts payable and accrued expenses                                                  $       44,208          $         36,667
Due to Management Company                                                                     213,804                   401,304
Due to Independent General Partners                                                             3,750                         -
                                                                                       --------------          ----------------
   Total liabilities                                                                          261,762                   437,971
                                                                                       --------------          ----------------

Partners' Capital:
Managing General Partner                                                                      240,091                   238,751
Individual General Partners                                                                     2,758                     2,821
Limited Partners (11,217 Units)                                                             7,860,734                 8,035,923
Unallocated net unrealized depreciation of investments                                     (2,179,997)               (3,668,213)
                                                                                       --------------          ----------------
   Total partners' capital                                                                  5,923,586                 4,609,282
                                                                                       --------------          ----------------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                                $    6,185,348          $      5,047,253
                                                                                       ==============          ================
</table>

See notes to financial statements.



<PAGE>


WESTFORD TECHNOLOGY VENTURES, L.P.
SCHEDULE OF PORTFOLIO INVESTMENTS (Unaudited)
September 30, 2001
<table>

<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              90,821
2,216,626 shares of Series B Preferred Stock                                                       4,261,901           3,324,940
699,256 shares of Common Stock                                                                       354,878           1,048,884
Warrants to purchase 50,000 shares of Common Stock at
   $4.00 per share, expiring 04/30/03                                                                      0                   0
                                                                                              --------------    ----------------
                                                                                                   5,401,098           4,464,645
--------------------------------------------------------------------------------------------------------------------------------
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    $      5,553,955
                                                                                              ==============    ================
</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>

<c>


                                                                       Three Months Ended                  Nine Months Ended
                                                                           September 30,                     September 30,
                                                                       2001           2000             2001             2000
                                                                 -------------    ------------   --------------    --------------

INVESTMENT INCOME AND EXPENSES

     Income:
     Interest from short-term investments                        $         2,726  $      5,851   $       10,517    $      17,392
     Interest from portfolio investments                                   4,949         4,005           15,461           11,714
                                                                 ---------------  ------------   --------------    -------------
     Total income                                                          7,675         9,856           25,978           29,106
                                                                 ---------------  ------------   --------------    -------------

     Expenses:
     Management fee                                                       37,500        37,500          112,500          112,500
     Professional fees                                                    17,431        15,518           46,957           43,734
     Mailing and printing                                                 13,383        14,185           23,912           25,033
     Independent General Partners' fees                                    3,750         3,750           11,250           11,250
     Custodial fees                                                        1,500         1,500            4,500            4,500
     Other expenses                                                          691           563              771              838
                                                                 ---------------  ------------   --------------    -------------
     Total expenses                                                       74,255        73,016          199,890          197,855
                                                                 ---------------  ------------   --------------    -------------

NET INVESTMENT LOSS                                                      (66,580)      (63,160)        (173,912)        (168,749)

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

NET REALIZED LOSS FROM OPERATIONS                                        (66,580)      (63,160)        (173,912)      (1,836,083)

Change in unrealized depreciation of investments                               -             -        1,488,216        1,774,541
                                                                 ---------------  ------------   --------------    -------------

NET (DECREASE) INCREASE IN NET ASSETS
     RESULTING FROM OPERATIONS                                   $       (66,580) $    (63,160)  $    1,314,304    $     (61,542)
                                                                 ===============  ============   ==============    =============


</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>

<C>

                                                                                                     2001             2000
                                                                                               --------------     -------------

CASH FLOWS FROM OPERATING ACTIVITIES

Net increase (decrease) in net assets from operations                                           $   1,314,304     $     (61,542)

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

Net realized loss from portfolio investments                                                                -         1,667,334
Change in unrealized depreciation of investments                                                   (1,488,216)       (1,774,541)
Increase in accrued interest receivable                                                               (14,440)          (13,500)
Decrease in payables                                                                                 (176,209)         (197,002)
                                                                                                -------------     -------------
Cash used for operating activities                                                                   (364,561)         (379,251)
                                                                                                -------------     -------------

CASH FLOWS FROM INVESTING ACTIVITIES

Cost of portfolio investments purchased                                                                     -           (60,769)
Proceeds from the sale of portfolio investments                                                             -         1,429,263
                                                                                                -------------     -------------
Cash provided from investing activities                                                                     -         1,368,494
                                                                                                -------------     -------------

(Decrease) increase in cash and cash equivalents                                                     (364,561)          989,243
Cash and cash equivalents at beginning of period                                                      919,613               603
                                                                                                -------------     -------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                      $     555,052     $     989,846
                                                                                                =============     =============



</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, 2001
<table>

<c>


                                                                                               Unallocated
                                           Managing       Individual                        Net Unrealized
                                            General         General           Limited       Depreciation of
                                            Partner        Partners          Partners          Investments           Total
                                        ------------      ----------     ---------------    ---------------    ---------------
Balance at beginning of period          $    238,751      $   2,821      $     8,035,923    $    (3,668,213)   $     4,609,282

Net investment loss                            1,340            (63)            (175,189)                 -           (173,912)

Change in net unrealized
   depreciation of investments                     -              -                    -          1,488,216          1,488,216
                                        ------------      ---------      ---------------    ---------------    ---------------

Balance at end of period                $    240,091      $   2,758      $     7,860,734(A) $    (2,179,997)   $     5,923,586
                                        ============      =========      ===============    ===============    ===============

</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 $523.




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, 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 $2.2
million as of September 30, 2001, was recorded for financial statement purposes
but has not been recognized for tax purposes. Additionally, from inception to
September 30, 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 September 30, 2001 the Partnership's portfolio investments were
categorized as follows:
<table>

<c>
As of September 30, 2001:
------------------------                                                                                  Percentage of
Investment Type                                            Cost                   Fair Value                Net Assets*
---------------                                       ---------------           ---------------             -----------
Preferred Stock                                      $      5,835,016            $    4,204,557               70.98%
Common Stock                                                1,675,227                 1,125,689               19.00%
Debt Securities                                               223,709                   223,709                 3.78%
                                                     ----------------            --------------               ------
Total                                                $      7,733,952            $    5,553,955               93.76%
                                                     ================            ==============               ======

Country/Geographic Region
Midwestern U.S.                                      $      6,824,387            $    4,644,390               78.41%
Eastern U.S.                                                  909,565                   909,565               15.35%
                                                     ----------------            --------------               ------
Total                                                $      7,733,952            $    5,553,955               93.76%
                                                     ================            ==============               ======

Industry
Wireless Communications                              $      5,401,098            $    4,464,645               75.38%
Vending Equipment                                           1,423,289                   179,745                3.03%
Semiconductors                                                909,565                   909,565                15.35%
                                                     ----------------            --------------               ------
Total                                                $      7,733,952            $    5,553,955               93.76%
                                                     ================            ==============               ======
</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 September 30, 2001, the Partnership had $550,052 in an interest-bearing
cash account. The Partnership earned $2,726 and $10,517 of interest from such
cash account for the three and nine months ended September 30, 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. No follow-on
investments were made during the nine months ended September 30, 2001.

As of September 30, 2001, the Partnership's current liabilities of $261,762,
included $213,804 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 and nine months ended September 30, 2001, the Partnership had a
net realized loss from operations of $66,580 and $173,912, respectively. 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. 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 or nine
months ended September 30, 2001.

The Partnership also had no realized gains or losses from its portfolio
investments for the three months ended September 30, 2000. However, for the nine
months ended September 30, 2000, the Partnership had a $1,667,334 net realized
loss from its portfolio investments. 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.

Investment Income and Expenses - Net investment loss for the three months ended
September 30, 2001 and 2000 was $66,580 and $63,160, respectively. The
unfavorable change in net investment loss for the 2001 period compared to the
same period in 2000 is comprised of a $2,181 decrease in investment income and a
$1,239 increase in operating expenses. The decrease in investment income
included a decrease in interest from short-term investments of $3,125,
reflecting a decrease in the amount of the Partnership's interest earning cash
balances held and a decline in short-term interest rates during the three months
ended September 30, 2001 compared to the same period in 2000. The decline in
short-term interest income was partially offset by a slight increase of $944 in
interest from portfolio investments for the 2001 period. The slight increase in
operating expenses for the three months ended September 30, 2001 compared to the
same period in 2000 primarily resulted from small increases in professional fees
for the 2001 period.

Net investment loss for the nine months ended September 30, 2001 and 2000 was
$173,912 and $168,749, respectively. The unfavorable change in net investment
loss for the 2001 period as compared to the same period in 2000 is comprised of
a $3,128 decrease in investment income and a $2,035 increase in operating
expenses. The decline in investment income resulted from reduced interest from
short-term investments partially offset by an increase in interest from
portfolio investments, as discussed above. Also as discussed above, the slight
increase in operating expenses for the nine months ended September 30, 2001
compared to the same period in 2000 primarily resulted from small increases in
professional fees for the 2001 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, 2001 and 2000 was $37,500. The management fee for the nine months
ended September 30, 2001 and 2000 was $112,500.

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, 2001, the Partnership had
a $1,488,216 favorable change in net unrealized depreciation of investments,
resulting from the upward revaluation of its investment in Spectrix Corporation.

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 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 September 30, 2001, the Partnership's net assets were $5,923,586,
reflecting an increase of $1,314,304 from net assets of $4,609,282 as of
December 31, 2000. This change represents the increase in net assets resulting
from operations for the nine-month period, comprised of the $1,488,216 favorable
change in net unrealized depreciation of investments exceeding the $173,912 net
realized loss from operations for the nine months ended September 30, 2001.

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, comprised of the $1,836,083 net realized
loss from operations exceeding the $1,774,541 favorable change in net unrealized
depreciation of investments for the nine months ended September 30, 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 at September 30, 2001 and December 31, 2000 was $523 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
$5,553,955 as of September 30, 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 $555,396.

The Partnership had no short-term investments as of September 30, 2001. Market
risk relating to the Partnership's interest-bearing cash equivalents held as of
September 30, 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, originally scheduled for June 29,
2001, was held on August 14, 2001. At the meeting, the following matters were
voted on and approved:
 <table>

<c>
                                                                     Affirmative
                                                                         Votes                Withheld
                                                                     -----------              --------
Election of the four Individual General Partners, to serve for
the ensuing year:

Jeffrey T. Hamilton                                                     4,733                  1,955
                                                                        -----                  -----
Robert S. Ames                                                          4,733                  1,955
                                                                        -----                  -----
Alfred M. Bertocchi                                                     4,733                  1,955
                                                                        -----                  -----
George M. Weimer                                                        4,733                  1,955
                                                                        -----                  -----

                                                                      Affirmative             Negative
                                                                         Votes                  Votes            Abstentions
Election of the General Partner, WTVI Co., L.P.                        ---------              -------            -----------
to serve as Managing General Partner
for the ensuing year.                                                   4,802                  1,912                 n/a
                                                                        -----                  -----

Approval of the continuance of the
Management Agreement between the
Partnership and the Management Company                                  4,494                  1,804                 416
                                                                        -----                  -----                 ---
Ratification of the selection of
BDO Seidman LLP as independent
auditors for the Partnership's fiscal
year ending December 31, 2001                                           5,578                    756                 380
                                                                        -----                -------                 ---
</table>

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.


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
              -----------------------------  (PrincipalExecutive Officer)of
              Jeffrey T. Hamilton            Hamilton Capital Management Inc.
                                             and Individual General Partner of
                                             Westford Technology Ventures, L.P.


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



Date:         November 14, 2001