<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>

PROSPECTUS SUPPLEMENT NO. 1                     Filed Pursuant to Rule 424(b)(3)
TO THE PROSPECTUS DATED                        Relating to Form S-3 Registration
DECEMBER 1, 2000                                         Statement No. 333-50036


                    DEVON ENERGY CORPORATION


           760,000,000 Principal Amount at Maturity of
     Zero Coupon Convertible Senior Debentures Due 2020 and
                     Shares of Common Stock
           Issuable upon Conversion of the Debentures


          This Prospectus Supplement relates to the offering for
resale of Devon's zero coupon convertible senior debentures due
2020 and the shares of Devon's common stock issuable upon
conversion of the debentures.

          The selling security holder table on pages 6-8 of the
prospectus is amended by this supplement to add the following
entities as selling security holders and to list the amount of
the securities beneficially owned and being offered for sale by
such security holders:

<TABLE>
<CAPTION>
                                                       Shares of
                              Convertible Debentures  Common Stock
                              ----------------------  --------------
                                          Offered by    Offered by
                                 Held        this         this
                                Before    Prospectus    Prospectus
Selling Security Holder        Offering   Supplement   Supplement<F1>
-----------------------       ----------- -----------  -------------
<S>                           <C>         <C>          <C>
Allstate Insurance Company    $ 1,750,000 $ 1,750,000  $  10,079
Deutsche Bank Securities       21,780,000  21,780,000    125,438
GLG Market Neutral Fund        37,000,000  37,000,000    213,094
J. P. Morgan Securities, Inc.   2,250,000   2,250,000     12,958

<FN>
<F1> Assumes conversion of the full amount of debentures by each
     holder at the initial conversion rate of 5.7593 shares of common
     stock per $1,000 principal amount of debentures at maturity.
</FN>
</TABLE>

          The above-listed securities will be sold to purchasers
directly by the selling security holders.  There are no special
arrangements or agreements with any broker/dealers regarding the
sale of the zero coupon convertible senior debentures due 2020
and the shares of Devon's common stock issuable upon conversion
of the debentures.  The selling security holders do not have, and
during the past three years have not had, any material
relationships with Devon Energy Corporation or any of its
affiliates.


           The Date of this Supplemental Prospectus is
                        February 1, 2001

</TEXT>
</DOCUMENT>