<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000075931
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PMD INVESTMENT COMPANY
001 B000000 811-3135
001 C000000 4023920608
002 A000000 10050 REGENCY CIRCLE, SUITE 315
002 B000000 OMAHA
002 C000000 NE
002 D010000 68114
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 NONE
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 PAINE WEBBER
022 B000001 132638166
022 C000001 1598
022 D000001 0
022 A000002 PIPER JAFFRAY
022 B000002 410953246
022 C000002 1686
<PAGE> PAGE 2
022 D000002 0
022 A000003 CRAIGIE
022 B000003 540294670
022 C000003 0
022 D000003 1788
022 A000004 DAVENPORT
022 B000004 540907611
022 C000004 0
022 D000004 1181
022 A000005 FIRST TENNESSEE
022 B000005 620201385
022 C000005 1062
022 D000005 0
022 A000006 FIDELITY CAPITAL
022 B000006 042785576
022 C000006 0
022 D000006 531
022 A000007 FIRST UNION
022 B000007 561529080
022 C000007 0
022 D000007 554
022 A000008 GRIFFIN KUBIC
022 B000008 363083013
022 C000008 0
022 D000008 621
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 4346
023 D000000 4675
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
<PAGE> PAGE 3
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 3.6
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 11.4
062 O000000 53.8
062 P000000 10.4
062 Q000000 20.8
062 R000000 0.0
063 A000000 0
063 B000000 11.1
071 A000000 10216
071 B000000 9879
071 C000000 16563
071 D000000 60
072 A000000 12
072 B000000 919
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 32
072 G000000 0
072 H000000 0
072 I000000 5
072 J000000 8
072 K000000 0
072 L000000 2
072 M000000 15
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
<PAGE> PAGE 4
072 R000000 20
072 S000000 8
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 2
072 X000000 92
072 Y000000 0
072 Z000000 826
072AA000000 195
072BB000000 0
072CC010000 374
072CC020000 0
072DD010000 874
072DD020000 0
072EE000000 0
073 A010000 0.2280
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 593
074 D000000 16031
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 250
074 M000000 0
074 N000000 16874
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 9
074 S000000 0
074 T000000 16865
074 U010000 3805327
074 U020000 0
074 V010000 4.43
074 V020000 0.00
074 W000000 0.0000
074 X000000 482
074 Y000000 0
075 A000000 16826
<PAGE> PAGE 5
075 B000000 0
076 000000 0.00
077 A000000 Y
077 B000000 Y
080 A000000 FIDELITY AND DEPOSIT COMPANY OF MARYLAND
080 C000000 225
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
086 A010000 0
086 A020000 0
086 B010000 173447
086 B020000 744
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE J. G. SAWICKI
TITLE PRESIDENT
