Following the work of Enright [3] there has been interest in studying second derivative methods for solving stiff ordinary differential equations. Successful implementations of second derivative methods have been reported by Enright [3], Sacks-Davis [9], [10] and Addison[l]. Wallace and Gupta [13] have suggested a polynomial formulation of the usual first-derivative multistep methods. Recently Skeel [11] has shown the equivalence of several formulations of multistep methods. The work of Wallace and Gupta [13] was extended to second derivative methods by Gupta [8]. The present work includes results obtained regarding the stability and truncation error of second derivative methods using the polynomial formulation.