UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549


                                    FORM 10-Q


                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                  For the quarterly period ended June 30, 2001


                         Commission File No. 33-19659-01


                           PARKER & PARSLEY 88-A, L.P.
             (Exact name of Registrant as specified in its charter)


                        Delaware                             75-2225738
         ------------------------------------------     ---------------------
              (State or other jurisdiction of              (I.R.S. Employer
              incorporation or organization)            Identification Number)


     5205 N. O'Connor Blvd., Suite 1400, Irving, Texas          75039
     -------------------------------------------------       ------------
         (Address of principal executive offices)             (Zip code)

       Registrant's Telephone Number, including area code : (972) 444-9001


                                 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 / /





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                           PARKER & PARSLEY 88-A, L.P.

                                TABLE OF CONTENTS


                                                                       Page
                          Part I. Financial Information

Item 1.     Financial Statements

            Balance Sheets as of June 30, 2001 and
               December 31, 2000.....................................    3

            Statements of Operations for the three and six
              months ended June 30, 2001 and 2000....................    4

            Statement of Partners' Capital for the six months
              ended June 30, 2001....................................    5

            Statements of Cash Flows for the six months ended
              June 30, 2001 and 2000.................................    6

            Notes to Financial Statements............................    7

Item 2.     Management's Discussion and Analysis of Financial
              Condition and Results of Operations....................    7


                           Part II. Other Information

Item 6.     Exhibits and Reports on Form 8-K.........................   11

            Signatures...............................................   12



                                        2

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                           PARKER & PARSLEY 88-A, L.P.
                        (A Delaware Limited Partnership)

                          Part I. Financial Information

Item 1.     Financial Statements

                                 BALANCE SHEETS
<TABLE>

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

<S>                                                <C>             <C>
Current assets:
  Cash                                             $    456,462    $    193,491
  Accounts receivable - oil and gas sales               163,314         224,465
                                                    -----------     -----------
        Total current assets                            619,776         417,956
                                                    -----------     -----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method               10,115,996      10,111,281
Accumulated depletion                                (8,599,430)     (8,534,409)
                                                    -----------     -----------
        Net oil and gas properties                    1,516,566       1,576,872
                                                    -----------     -----------
                                                   $  2,136,342    $  1,994,828
                                                    ===========     ===========
LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
  Accounts payable - affiliate                     $     35,993    $     18,724

Partners' capital:
  Managing general partner                               21,246          20,003
  Limited partners (12,935 interests)                 2,079,103       1,956,101
                                                    -----------     -----------
                                                      2,100,349       1,976,104
                                                    -----------     -----------
                                                   $  2,136,342    $  1,994,828
                                                    ===========     ===========

</TABLE>


  The financial information included as of June 30, 2001 has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.

                                        3

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                           PARKER & PARSLEY 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>

                                       Three months ended        Six months ended
                                             June 30,                 June 30,
                                     ----------------------    ----------------------
                                        2001         2000        2001         2000
                                     ---------    ---------    ---------    ---------
<S>                                  <C>          <C>          <C>          <C>
Revenues:
  Oil and gas                        $ 315,590    $ 334,067    $ 770,951    $ 638,135
  Interest                               3,450        3,963        6,784        7,078
  Gain on disposition of assets            -            -            -            259
                                      --------     --------     --------     --------
                                       319,040      338,030      777,735      645,472
                                      --------     --------     --------     --------
Costs and expenses:
  Oil and gas production               142,364      135,737      293,527      285,013
  General and administrative             9,467       10,022       23,128       19,144
  Depletion                             33,264       23,217       65,021       48,798
                                      --------     --------     --------     --------
                                       185,095      168,976      381,676      352,955
                                      --------     --------     --------     --------
Net income                           $ 133,945    $ 169,054    $ 396,059    $ 292,517
                                      ========     ========     ========     ========
Allocation of net income:
  Managing general partner           $   1,340    $   1,690    $   3,961    $   2,925
                                      ========     ========     ========     ========
  Limited partners                   $ 132,605    $ 167,364    $ 392,098    $ 289,592
                                      ========     ========     ========     ========
Net income per limited
  partnership interest               $   10.25    $   12.94    $   30.31    $   22.39
                                      ========     ========     ========     ========

</TABLE>


         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.

                                        4

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                           PARKER & PARSLEY 88-A, L.P.
                        (A Delaware Limited Partnership)

                         STATEMENT OF PARTNERS' CAPITAL
                                   (Unaudited)



<TABLE>

                                        Managing
                                        general       Limited
                                        partner       partners         Total
                                       ---------     ----------     ----------


<S>                                    <C>           <C>            <C>
Balance at January 1, 2001             $  20,003     $1,956,101     $1,976,104

    Distributions                         (2,718)      (269,096)      (271,814)

    Net income                             3,961        392,098        396,059
                                        --------      ---------      ---------

Balance at June 30, 2001               $  21,246     $2,079,103     $2,100,349
                                        ========      =========      =========



</TABLE>

         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.

                                        5

<PAGE>



                           PARKER & PARSLEY 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>

                                                        Six months ended
                                                             June 30,
                                                    -------------------------
                                                       2001           2000
                                                    ----------     ----------
<S>                                                 <C>            <C>
Cash flows from operating activities:
  Net income                                        $  396,059     $  292,517
  Adjustments to reconcile net income to net
     cash provided by operating activities:
       Depletion                                        65,021         48,798
       Gain on disposition of assets                       -             (259)
  Changes in assets and liabilities:
       Accounts receivable                              61,151         12,158
       Accounts payable                                 17,269         12,758
                                                     ---------      ---------
         Net cash provided by operating activities     539,500        365,972
                                                     ---------      ---------
Cash flows from investing activities:
  Additions to oil and gas properties                   (4,715)        (5,524)
  Proceeds from asset dispositions                         -              259
                                                     ---------      ---------
         Net cash used in investing activities          (4,715)        (5,265)
                                                     ---------      ---------
Cash flows used in financing activities:
  Cash distributions to partners                      (271,814)      (367,722)
                                                     ---------      ---------
Net increase (decrease) in cash                        262,971         (7,015)
Cash at beginning of period                            193,491        215,801
                                                     ---------      ---------
Cash at end of period                               $  456,462     $  208,786
                                                     =========      =========

</TABLE>

         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

   The accompanying notes are an integral part of these financial statements.

                                        6

<PAGE>



                           PARKER & PARSLEY 88-A, L.P.
                        (A Delaware Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001
                                   (Unaudited)


Note 1.     Organization and nature of operations

Parker &  Parsley  88-A,  L.P.  (the  "Partnership")  is a  limited  partnership
organized in 1988 under the laws of the State of Delaware.

The  Partnership  engages in oil and gas development and production in Texas and
is not involved in any industry segment other than oil and gas.

Note 2.     Basis of presentation

In  the  opinion  of  management,  the  unaudited  financial  statements  of the
Partnership  as of June 30, 2001 and for the three and six months ended June 30,
2001 and 2000 include all  adjustments  and accruals  consisting  only of normal
recurring accrual adjustments which are necessary for a fair presentation of the
results for the  interim  period.  These  interim  results  are not  necessarily
indicative of results for a full year. Certain  reclassifications  may have been
made to the June 30, 2000  financial  statements to conform to the June 30, 2001
financial statement presentations.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  condensed  or  omitted  in this Form 10-Q  pursuant  to the rules and
regulations of the Securities and Exchange Commission.  The financial statements
should  be read in  conjunction  with the  financial  statements  and the  notes
thereto  contained in the  Partnership's  Report on Form 10-K for the year ended
December 31, 2000 as filed with the Securities and Exchange  Commission,  a copy
of which is available upon request by writing to Rich Dealy,  Vice President and
Chief Accounting  Officer,  5205 North O'Connor  Boulevard,  Suite 1400, Irving,
Texas 75039-3746.

Item 2.     Management's Discussion and Analysis of Financial Condition
              and Results of Operations (1)

Results of Operations

Six months ended June 30, 2001 compared with six months ended
  June 30, 2000

Revenues:

The  Partnership's  oil and gas revenues  increased  21% to $770,951 for the six
months  ended June 30, 2001 as compared to $638,135 for the same period in 2000.
The increase in revenues  resulted from higher average  prices  received for gas
and NGLs and an increase in production,  offset by lower average prices received

                                        7

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for oil. For the six months ended June 30, 2001,  17,555  barrels of oil,  6,415
barrels of natural  gas  liquids  ("NGLs")  and 47,966 mcf of gas were sold,  or
31,964  barrel of oil  equivalents  ("BOEs").  For the six months ended June 30,
2000,  15,055  barrels of oil,  9,352 barrels of NGLs and 36,489 mcf of gas were
sold, or 30,489 BOEs.

The average price received per barrel of oil decreased $2.10, or 7%, from $28.50
for the six months  ended June 30,  2000 to $26.40 for the same  period in 2001.
The average  price  received per barrel of NGLs  increased  $2.38,  or 17%, from
$13.81  during the six months  ended June 30, 2000 to $16.19 for the same period
in 2001.  The average  price  received per mcf of gas  increased  94% from $2.19
during the six months  ended June 30, 2000 to $4.25 for the same period in 2001.
The market price for oil and gas has been extremely  volatile in the past decade
and  management  expects  a certain  amount of  volatility  to  continue  in the
foreseeable  future.  The  Partnership may therefore sell its future oil and gas
production at average  prices lower or higher than that received  during the six
months ended June 30, 2001.

Gain on disposition of assets of $259 was recognized during the six months ended
June 30,  2000 resulting from equipment  credits received  on one fully depleted
well.

Costs and Expenses:

Total costs and expenses increased to $381,676 for the six months ended June 30,
2001 as  compared  to  $352,955  for the same  period in 2000,  an  increase  of
$28,721,  or 8%. This  increase was due to increases  in  depletion,  production
costs and general and administrative expenses ("G&A").

Production  costs  were  $293,527  for the six months  ended  June 30,  2001 and
$285,013 for the same period in 2000 resulting in an $8,514 increase, or 3%. The
increase  was the  result of  additional  well  maintenance  costs  incurred  to
stimulate well production and higher  production taxes due to higher oil and gas
prices, offset by lower workover costs.

G&A's  components are independent  accounting and engineering  fees and managing
general partner personnel and operating costs. During this period, G&A increased
21% from  $19,144 for the six months ended June 30, 2000 to $23,128 for the same
period in 2001,  primarily due to a higher  percentage  of the managing  general
partner's  G&A being  allocated  (limited  to 3% of oil and gas  revenues)  as a
result of increased oil and gas revenues and an increase in audit and tax fees.

Depletion  was  $65,021  for the six months  ended June 30,  2001 as compared to
$48,798 for the same  period in 2000,  an  increase  of  $16,223,  or 33%.  This
increase was due to a decrease in proved  reserves  during the period ended June
30, 2001 due to lower  commodity  prices and an increase  in oil  production  of
2,500  barrels  for the six months  ended June 30,  2001 as compared to the same
period in 2000.


                                        8

<PAGE>



Three months ended June 30, 2001 compared with three months ended June 30, 2000

Revenues:

The  Partnership's  oil and gas revenues  decreased 6% to $315,590 for the three
months  ended June 30, 2001 as compared to $334,067 for the same period in 2000.
The decrease in revenues resulted from lower average prices received for oil and
a decrease in production,  offset by higher average prices  received for gas and
NGLs.  For the three  months ended June 30, 2001,  7,473  barrels of oil,  3,259
barrels of NGLs and 18,471 mcf of gas were sold,  or 13,811 BOEs.  For the three
months  ended June 30, 2000,  7,177  barrels of oil,  5,284  barrels of NGLs and
20,502 mcf of gas were sold, or 15,878 BOEs.

The average price received per barrel of oil decreased $2.22, or 8%, from $29.17
for the three  months ended June 30, 2000 to $26.95 for the same period in 2001.
The average price received per barrel of NGLs increased $.61, or 4%, from $13.71
during the three  months  ended June 30,  2000 to $14.32 for the same  period in
2001.  The average price received per mcf of gas increased 43% from $2.55 during
the three months ended June 30, 2000 to $3.65 for the same period in 2001.

Costs and Expenses:

Total costs and  expenses  increased to $185,095 for the three months ended June
30, 2001 as compared  to  $168,976  for the same period in 2000,  an increase of
$16,119,  or 10%. This increase was due to increases in depletion and production
costs, offset by a decline in G&A.

Production  costs were  $142,364  for the three  months  ended June 30, 2001 and
$135,737 for the same period in 2000 resulting in a $6,627 increase,  or 5%. The
increase was primarily due to additional  well  maintenance  and workover  costs
incurred to stimulate well  production,  offset by lower production taxes due to
lower oil prices.

During this  period,  G&A  decreased  6% from $10,022 for the three months ended
June 30, 2000 to $9,467 for the same period in 2001, primarily due to a decrease
in audit and tax fees.

Depletion  was $33,264 for the three  months  ended June 30, 2001 as compared to
$23,217 for the same  period in 2000,  an  increase  of  $10,047,  or 43%.  This
increase was due to a decrease in proved  reserves  during the period ended June
30, 2001 due to lower commodity prices.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $173,528  during the six
months  ended  June 30,  2001 from the same  period  ended June 30,  2000.  This
increase  was  primarily  due to an  increase  of  $132,522 in oil and gas sales
receipts and a reduction in working  capital of $53,504,  offset by increases in
production  costs of $8,514 and G&A expenses of $3,984.  The increase in oil and
gas  receipts  resulted  from  increases  in gas and NGL prices of  $97,373  and
$67,182  resulting from an increase in production during 2001 as compared to the
same period in 2000,  offset by a decrease of $32,033 in oil prices during 2001.

                                        9

<PAGE>



The  increase  in  production   costs  was  primarily  due  to  additional  well
maintenance costs incurred to stimulate well production and increased production
taxes associated with higher oil and gas prices, offset by lower workover costs.
The increase in G&A was  primarily  due to a higher  percentage  of the managing
general partner's G&A being allocated (limited to 3% of oil and gas revenues) as
a result of  increased  oil and gas  revenues  and an  increase in audit and tax
fees.

Net Cash Used in  Investing Activities

The  Partnership's  principal  investing  activities during the six months ended
June 30, 2001 and 2000 were related to  expenditures  for oil and gas  equipment
upgrades on active properties.

Proceeds from asset  dispositions of $259  received during the  six months ended
June 30, 2000 were due to equipment credits received on one fully depleted well.

Net Cash Used in Financing Activities

For the six months ended June 30, 2001, cash  distributions to the partners were
$271,814,  of which $2,718 was  distributed to the managing  general partner and
$269,096 to the limited partners.  For the same period ended June 30, 2000, cash
distributions to the partners were $367,722,  of which $3,677 was distributed to
the managing general partner and $364,045 to the limited partners.

For the three  months  ended June 30, 2001,  no  distributions  were made by the
partnership to its partners.  Subsequent to June 30, 2001 the cash  distribution
that  otherwise  would  have been  mailed to  partners  in late June was made to
holders  of  record  as of July 9, 2001 and was  mailed  on July 13,  2001.  For
further information, see "Proposal to acquire partnerships" below.

Proposal to acquire partnerships

On June 29, 2001,  Pioneer Natural Resources Company  ("Pioneer") filed with the
Securities and Exchange Commission  Amendment No. 1 to the Form S-4 Registration
Statement (File No. 333-59094) (the "preliminary  proxy  statement/prospectus"),
which  proposes an agreement and plan of merger among Pioneer,  Pioneer  Natural
Resources USA, Inc. ("Pioneer USA"), a wholly-owned  subsidiary of Pioneer,  and
46 Parker & Parsley limited  partnerships.  Each  partnership  that approves the
agreement and plan of merger and the other related  merger  proposals will merge
with and into Pioneer USA upon the closing of the transactions  described in the
preliminary proxy  statement/prospectus,  and the partnership  interests of each
such  partnership  will be converted  into the right to receive  Pioneer  common
stock.  The Partnership is one of the 46 Parker & Parsley  limited  partnerships
that will be asked to approve the agreement and plan of merger.  The preliminary
proxy statement/prospectus is non-binding and is subject to, among other things,
consideration  of offers from third parties to purchase any  partnership  or its
assets and the majority  approval of the limited  partnership  interests in each
partnership.

Pioneer USA will solicit  proxies  from limited  partners to approve the mergers
only when the proxy  statement/prospectus  is final and declared  effective.  No

                                       10

<PAGE>



solicitation will be made using preliminary  materials.  Nonetheless,  copies of
the preliminary proxy  statement/prospectus  may be obtained without charge upon
request from Pioneer Natural Resources Company, 5205 North O'Connor Blvd., Suite
1400, Irving, Texas 75039, Attention: Investor Relations.

The limited partners are urged to read the proxy statement/prospectus of Pioneer
filed with the Securities and Exchange Commission, when it is finalized, because
it  contains  important  information  about  the  proposed  mergers,   including
information about  the direct and  indirect interests of Pioneer USA and Pioneer
in the mergers.  The limited  partners may also obtain the preliminary and (when
filed) final proxy statement/prospectus and other relevant documents relating to
the proposed  mergers free through the internet web site that the Securities and
Exchange Commission maintains at www.sec.gov.

---------------

(1)  "Item 2.  Management's  Discussion and Analysis of Financial  Condition and
     Results of Operations"  contains  forward  looking  statements that involve
     risks and uncertainties.  Accordingly,  no assurances can be given that the
     actual  events  and  results  will  not be  materially  different  than the
     anticipated results described in the forward looking statements.


                           Part II. Other Information

Item 6.     Exhibits and Reports on Form 8-K

(a)   Exhibits - none

(b)   Reports on Form 8-K - none


                                       11

<PAGE>


                           PARKER & PARSLEY 88-A, L.P.
                        (A Delaware Limited Partnership)



                               S I G N A T U R E S



       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.


                                            PARKER & PARSLEY 88-A, L.P.

                                   By:      Pioneer Natural Resources USA, Inc.
                                              Managing General Partner





Dated:  August 6, 2001             By:      /s/ Rich Dealy
                                            ---------------------------------
                                            Rich Dealy, Vice President and
                                            Chief Accounting Officer



                                       12

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