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      FORM 10-Q--QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
            OF THE SECURITIES EXCHANGE ACT OF 1934

                         UNITED STATES

              SECURITIES AND EXCHANGE COMMISSION

                    Washington, D.C. 20549

                           FORM 10-Q

                          (Mark One)

      [X] Quarterly Report Pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934
      For the period ended June 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: 33-18089-A

                     HICKORY LENDERS, LTD.
      (Exact name of Registrant as specified in its charter)

      Tennessee                             62-1336905
      (State or other jurisdiction of  (I.R.S. Employer
       incorporation or organization)  Identification)

      4400 Harding Road, Suite 500,  Nashville, Tennessee 37205
      (Address of principal executive office)        (Zip Code)

                        (615)  292-1040
      (Registrant's telephone number, including area code)


     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 at least the
     past 90 days.

                              YES    X     NO  ___

            
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                 PART I. FINANCIAL INFORMATION

      Item 1. FINANCIAL STATEMENTS


                     HICKORY LENDERS, LTD.
               (A Tennessee Limited Partnership)


                     FINANCIAL STATEMENTS
      For The Three and Six Months Ended June 30, 2000 and 1999


                             INDEX



          Financial Statements:

          Balance Sheets                         3
          Statements of Operations               4
          Statements of Cash Flows               5
          Notes to Financial Statements          6




            
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<TABLE>


                HICKORY LENDERS, LTD.
               (A Limited Partnership)

                   BALANCE SHEETS
                     (Unaudited)



<CAPTION>
                               June 30,    December 31,
                                 2000          1999
                               ---------     --------
<S>                              <C>           <C>

               ASSETS

Cash                        $ 58,582       $   36,981
Restricted cash              111,278          188,072
Accounts Receivable           19,494                -
Land & Improvements Held
  For Investment           1,293,805        1,312,304


         Total Assets    $ 1,483,159      $ 1,537,357
                             ==========     =========



      LIABILITIES AND PARTNERS' EQUITY

Accounts payable           $  75,700       $   84,494

Partners' Equity:

  Limited Partners (4,200 units
     outstanding)          1,407,459        1,452,863
  General Partner                  -              -


  Total Partners' Equity  $1,483,159     $ 1,537,357
                             ==========    ==========




<FN>
               See accompanying notes to financial statements.

</TABLE>
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<TABLE>


                           HICKORY LENDERS, LTD.
                          (A Limited Partnership)

                         STATEMENTS OF OPERATIONS
                                (Unaudited)


<CAPTION>

                            THREE MONTHS ENDED   SIX MONTHS ENDED
                                           JUNE 30,
                             ----------------------------------

                             2000     1999      2000     1999

<S>                           <C>      <C>      <C>      <C>
REVENUE:

Land Sales                 $20,000      -      20,000       -

Cost of Land Sold          (43,591)     -     (43,591)      -

Selling Expenses              (390)     -        (390)      -
                            =======   =======   ======    =====
Loss of Land Sales         (23,981)     -     (23,981)     -


Interest Income        $     1,511      -        2,769      -
                            =======   ========  =======   ======
Net Revenue                (22,470)     -      (21,212)     -

EXPENSES:
Legal & Accounting Fees      8,564    9,953      16,970   12,225
Property Management Fee      1,750    1,750       3,500    3,500
General Administration       2,351     -          3,722     -

      Total Expenses        12,664   11,703      24,191   15,725

NET LOSS               $   (35,135) (11,703)    (45,404) (15,725)

Net Loss per limited
   partner unit        $     (8.37)   (2.79)     (10.81)   (3.74)


<FN>
                 See accompanying notes to financial statements

</TABLE>

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<TABLE>
                           HICKORY LENDERS, LTD.
                          (A Limited Partnership)
                         STATEMENTS OF CASH FLOWS
                                (Unaudited)
<CAPTION>
                                          SIX MONTHS ENDED
                                             JUNE 30,

                                          2000      1999

<S>                                      <C>         <C>
Cash Flows from Operating Activities:

  Net Loss                            $(45,404)   (15,725)
  Adjustments to reconcile Net
  Loss to Net Cash provided by
  Operating Activities:
  Decrease in Restricted Cash           76,794          -
  (Decrease) Increase in Accounts
  Payable                               (8,794)    59,000
  Increase in Accounts Receivable      (19,494)         -
  Cost of Land Sold                     43,591          -
  Cost of Land Improvements            (25,092)         -

Net Cash provided by
      Operating Activities              21,601     43,275

Net increase in Cash                    21,601     43,275

CASH AT JANUARY 1,                      36,981    192,414

CASH AT JUNE 30,                     $  58,582  $ 235,689
                                     =========   ========


<FN>
             See accompanying notes to financial statements.

</TABLE>
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                      HICKORY LENDERS, LTD.
                     (A Limited Partnership)
                  NOTES TO FINANCIAL STATEMENTS

      For the Three and Six Months Ended June 30, 2000 and 1999
                          (Unaudited)

     A.ACCOUNTING POLICIES

     The  unaudited  financial statements presented herein have
     been prepared in accordance  with the instructions to Form 10-
     Q and do not include all of the information and note
     disclosures required  by  generally  accepted accounting
     principles.  These statements  should  be  read  in
     conjunction with the financial statements and notes thereto
     included in the Partnership's Form 10-K  for  the year ended
     December 31, 1999.  In the opinion of management,  such
     financial statements include all adjustments, consisting only
     of  normal recurring adjustments, necessary tosummarize
     fairly  the  Partnership's  financial  position and results of
     operations.   The results of operations for the six month
     period ended June 30, 2000 may not be indicative of the
     results  that  may be expected for the year ending December
     31, 2000.

     B.RELATED PARTY TRANSACTIONS

     The  General  Partner  and  its  affiliates  have been
     actively involved  in managing the Partnership's operations.
     Compensation earned for these services in the first six months
     were as follows:

                              2000      1999

      Management Fees      $ 3,500   $  3,500
      Accounting Fees      $ 8,503      1,800

     C. COMPREHENSIVE INCOME

     During the three and six month periods ended June  30, 2000
     and 1999, the Partnership had no components of other
     comprehensive income.  Accordingly, comprehensive income for
     each of the periods was the same as net loss.

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     Item 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS FOR THE QUARTER ENDED JUNE 30, 2000.

The  Partnership's  primary business was to lend monies to Hickory
Hills, Ltd.  On December 31, 1998, the Partnership began the
process of foreclosing on the debt to Hickory Hills, Ltd. after
the note matured and payment was not made.  The General Partner
determined that the value of the underlying collateral could not
result in full payment of the principal and accrued interest.
Foreclosure proceedings were completed on June 29, 1999.

The Registrant's primary business is now to develop and dispose of
certain undeveloped real properties located in Nashville, Davidson
County, Tennessee and Hendersonville, Sumner County, Tennessee (the
"Properties").

The general partner and its affiliates have been actively involved
in managing the Partnership and the Property.

During the second quarter of 2000, the Registrant sold one lot from
the Hendersonville Property.  This sale generated a loss due to
additional site work necessary to prepare the site for the seller.
The Registrant has 5 lots remaining in the Hendersonville Property.
Overall expenses of the Property have not flucuated significantly
from the prior quarters.

FINANCIAL CONDITION

LIQUIDITY

At June 30, 2000, the Registrant had approximately $178,490 in cash
reserves.  These funds are expected to be sufficient to fund
operations through 2000.



         
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                   PART II. OTHER INFORMATION



     Item 6. EXHIBITS AND REPORTS ON FORM 8-K


      (a)  Exhibits

      Exhibit 27 - Financial Data Schedule

      (b)  No 8-K's have been filed during this quarter.





          
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                           SIGNATURES



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


                         HICKORY LENDERS, LTD.

                         By:  222 HICKORY, LTD.
                         General Partner


                         222 PARTNERS, INC.
                         General Partner



     Date:  August 13, 2000        By:/s/ Steven D. Ezell
                                     President



     Date:  August 13, 2000        By:/s/ Michael A. Hartley
                                    Secretary/Treasurer