N-Q

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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED    MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number

811-21575

Bryce Capital Funds

(Exact name of registrant as specified in charter)

2 Thornell Road, Pittsford, NY    14534

(Address of principal executive offices)  (Zip code)

Dennis E.. Lohouse, CFA; 95 Allens Creek Road. Rochester, NY 14618

(Name and address of agent for service)

Registrant's telephone number, including area code:

585-381-2990

Date of fiscal year end:

6/30/10

Date of reporting period: 03/31/10

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public.  A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number.  Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1.  Schedule of Investments.  

Bryce Capital Value Fund
Investments March 31, 2010
Showing Percentage of Net Assets
COMMON STOCK		99.72%
		Shares	Value
Industrials		4.4%
	L-3 Comm Titan	1,125	104,558
+	Corrections CP America	600	11,923
	Lockheed Martin Corporation	1,250	105,113
			221,594
Consumer Discretionary		16.5%
	Coach Inc.	2,700	107,757
	Cracker Barrel Old Ctry Store	2,200	101,178
+	Deckers Outdoor	750	105,615
+	Dollar Tree	1,700	101,269
+	Gymboree Corporation	2,000	105,660
+	Kohls Corp	1,900	104,975
	Ross Stores Inc	1,900	101,232
	Yum Brands Inc.	2,700	103,626
			831,312
Consumer Staples		6.0%
	Diamond Foods	2,400	103,008
	McCormick & Company	2,500	95,725
	Pepsico Incorporated	1,525	101,825
			300,558
Energy		4.1%
	Core Laboratories	800	104,280
	World Fuel Svcs Corp	3,700	100,381
			204,661
Financials		15.7%
+	Affiliated Managers Group Inc Com	1,325	105,695
	Commerce Bankshares, Inc.	2,635	107,824
	Eaton Vance	2,700	91,368
	Goldman Sachs Group Inc Com	600	102,828
	Morgan Stanley Co	3,400	99,314
+	Ocwen Finl Corp	9,050	99,912
	Travelers Co. (The)	1,700	91,681
	Willis Group Holdings Ltd	2900	92336
			790,958
Bryce Capital Value Fund
Investments - continued
Health Care		27.0%
	Amerisourcebergen	3,700	108,336
	Biovail	6,500	109,330
+	Davita	1,650	104,643
+	Edwards Lifesciences Corp	1,050	105,126
+	Humana	2,000	94,680
	Lilly (Eli)	3,000	107,700
	McKesson Inc.	1,650	110,088
+	Medco Hearlth Solutions Inc	1,525	99,430
+	Mednax	1,650	99,165
+	Mettler-Toledo Int'l	900	99,279
	Teva Pharmaceutical Inds Ltd Adr	1,625	103,301
+	Thermo Electron Corp.	2,100	108,486
+	Waters Corp.	1,600	108,624
			1,358,188
Materials		6.1%
	Potash Corp. Saskatchewan, Inc.	850	102,161
	Scotts Miracle-Gro Company	2,300	107,180
	The Mosaic Co.	1,650	99,082
			308,423
Information Technology		20.0%
+	Blue Coat Systems	2,955	93,791
+	BMC Software Inc	2,700	102,924
+	Check Point Software Technologies Ltd	3,050	106,140
+	Dell Inc.	6,950	104,041
+	EMC Corp	5,500	99,220
	Flir Systems	3,000	84,090
	Maximus Inc	1,700	104,159
+	Open Text Corp Com	2,300	109,365
	PerkinElmer Inc.	4,275	103,925
+	Skyworks Solutions Inc	6,300	100,989
			1,008,644
TOTAL COMMON STOCKS			$   5,024,338
Bryce Capital Value Fund
Investments - continued
MONEY MARKET FUNDS
Dreyfus Institutional Rs Money Fund			14,148
TOTAL MONEY MARKET FUNDS			14,148
NET INVESTMENT ASSETS - 100.0%			$   5,038,486
	+ non income producing security

Bryce Capital Growth Fund
Investments March 31, 2010
Showing Percentage of Net Assets
COMMON STOCK		100.00%
		Shares	Value
Consumer Discretionary		31.2%
+	Amazon Com Inc	1,000	136,550
+	BJ's Restaurants Inc	7,700	180,257
+	Buffalo Wild Wings Inc	3,800	184,414
+	Chipolte Mexican Grill, Inc.	1,650	188,892
+	Las Vegas Sands, Inc	8,500	180,285
+	Netflix Com Inc	2,300	172,638
+	Panera Bread Co	2,300	177,491
+	Priceline Com Inc	700	179,193
	TJX Cos Inc New	4,000	172,800
			1,572,520
Consumer Staples		6.7%
+	Green Mountain Coffee Roasters	1,800	168,948
+	Whole Foods Mkt Inc	4,600	166,796
			335,744
Energy		2.9%
	National Oilwell Varco Inc.	3,650	147,679
			147,679
Financials		6.3%
	Blackrock, Inc	700	153,391
+	Intercontinental Exchange Inc.	1,500	165,540
			318,931
Health Care		23.1%
+	Almost Family	4,250	160,565
+	Cerner Corp Com	1,750	148,645
+	Express Scripts	1,700	172,720
+	HMS Hldgs Corp	3,300	171,798
+	IDEXX Laboratories, Inc	3,050	175,833
+	Intuitive Surgical	500	174,456
	Quality Sys Inc	2,550	157,335
			1,161,352
Bryce Capital Growth Fund
Investments - continued
Information Technology		29.8%
+	Apple Inc Com	750	176,872
	Broadcom Corp Cl A	5,125	170,252
+	Google Inc. Cl A	275	155,842
+	Marvell Technology Group Ltd	7,550	156,738
	Mastercard Inc., Cl. A	600	151,446
+	NVIDIA Corp Com	10,300	181,589
+	Nuance Corporation	10,000	164,500
+	Sandisk Corporation	4,800	167,904
+	Vmware, Inc.	3,300	174,834
			1,499,977
TOTAL COMMON STOCKS			$      5,036,203
MONEY MARKET FUNDS
			0
TOTAL MONEY MARKET FUNDS			0
NET INVESTMENT ASSETS - 100.0%			$      5,036,203
	+ Indicates stock with no dividend income

Item 2. Controls and Procedures.

(a)

Based on an evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of filing date of this Form N-Q, the disclosure controls and procedures are reasonably designed to ensure that the information required in filings on Forms N-Q is recorded, processed, summarized, and reported on a timely basis.

(b)

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3.  Exhibits.  

Certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) (and Item 3 of Form N-Q) are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Bryce Capital Funds

By (Signature and Title)

*/s/ Edmond D. Sheidlower

       Edmond D. Sheidlower, President

Date

05/13/10

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)

*/s/ Edmond D. .Sheidlower

        Edmond D. Sheidlower, President

Date

05/13/10

By (Signature and Title)

*/s/ Dennis E. .Lohouse, CFA

       Dennis E. Lohouse, CFA, Chairman and Treasurer

Date

05/13/10

EX-99.CERT

CERTIFICATIONS

I, Edmond D. Sheidlower, certify that:

1.

I have reviewed this report on Form N-Q of Bryce Capital Funds;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940):

a)

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

[the following is not required unless the Registrant has filed  an annual report on Form N-CSR, for a year ending after 11/15/04, in which this disclosure was required::  designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;]

c)

evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d)

disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)

all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b)

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 13, 2010

/s/ Edmond D. Sheidlower

Edmond D. Sheidlower

President

I, [identify the certifying individual], certify that:

1.

I have reviewed this report on Form N-Q of Bryce Capital Funds;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) [the following is not required unless the Registrant has filed  an annual report on Form N-CSR, for a year ending after 11/15/04, in which this disclosure was required:  and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)] for the registrant and have:

a)

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

[the following is not required unless the Registrant has filed  an annual report on Form N-CSR, for a year ending after 11/15/04, in which this disclosure was required::  designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;]

c)

evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d)

disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)

all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b)

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:   May 13, 2010

/s/ Dennis E. Lohouse, CFA

Dennis E. Lohouse, CFA

Chairman and Treasurer