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

120 West Third Street, Suite 300     Dayton, OH
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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
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               (Name and address of agent for service)

Registrant's telephone number, including area code:  937-223-0600
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Date of fiscal year end:  December 31
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Date of reporting period: June 30, 2006
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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: August 16, 2006
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By: /s/_________________________________________________________
          Kathleen Carlson, Treasurer

Date:  August 16, 2006
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