UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC  20549

                                    FORM N-PX

          ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

Investment  Company  Act  file  number  811-4204
                                        --------

PC&J  Preservation  Fund
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                    (Exact  name  of  registrant  as  specified  in  charter)

120  West  Third  Street,  Suite  300     Dayton,  OH
- -----------------------------------------------------
45402-1819
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          (Address  of  principal  executive  offices)               (Zip  Code)

PC&J  Service Corp.   120 West Third Street, Suite 300    Dayton, OH  45402-1819
- --------------------------------------------------------------------------------
               (Name  and  address  of  agent  for  service)

Registrant's  telephone  number,  including  area  code:  937-223-0600
                                                         -------------

Date  of  fiscal  year  end:  December  31
                             -------------

Date  of  reporting  period:  June  30,  2005
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Form  N-PX  is  to  be used by a registered management investment company, other
than  a  small business investment company registered on Form N-5 (   239.24 and
274.5  of  this  chapter),  to  file reports with the Commission, not later than
August  31 of each year, containing the registrant's proxy voting record for the
most  recent  twelve-month  period  ended June 30, pursuant to section 30 of the
Investment  Company  Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The  Commission may use the information provided on Form N-PX in its regulatory,
disclosure  review,  inspection,  and  policymaking  roles.

A registrant is required to disclose the information specified by Form N-PX, and
the  Commission will make this information public.  A registrant is not required
to  respond  to  the collection of information contained in Form N-PX 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 the
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.



There were no shareholder meetings held during the period covered by this report
with  respect  to  which  the  Registrant  was  entitled  to  vote.





                                   SIGNATURES

Pursuant  to  the  requirements  of  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:  PC&J  Preservation  Fund
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By:  ___/s/__________________________________________________
          James  M.  Johnson,  President

Date:  July  20,  2005
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By:  __/s/____________________________________________________
          Kathleen  Carlson,  Treasurer

Date:  July  20,  2005
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