1.Name and address of issuer:
Principal Preservation Portfolios, Inc.
215 North Main Street
West Bend, WI 53095
2.The name of each series or class of securities for which this Form is
filled (If the Form is being filed for all series and classes of securities
of the issuer, check the box but do not list series or classes): X
3. Investment Company Act File Number :
811-4401
Securities Act File Number:
33-12
4 (a). Last day of fiscal year for which this Form is filed:
December 31, 1998
4 (b)."Check box if this Form is being filed late (i.e. more than 90 calendar
days after the end of the issuer's fiscal year). (See Instruction A.2)
Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4 (c). ' Check box if this is the last time the issuer will be filing this
Form.EC 2393 (9-97)
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year
pursuant to section 24(f):$740,555.220
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year:$663,759,749
(iii) Aggregate price of securities redeemed or repurchased during any prior
fiscal year ending no earlier than October 11, 1995 that were not
previously used to reduce registration fees payable to the
Commission:$0
(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]
$663,759,749
(v) Net sales - if Item 5(I) is greater than Item 5(iv)[ subtract Item 5(iv)
from Item 5(I)]: $ 77,015,687
(vi) Redemption credits available for use in future years $( 0) if Item 5(I)
is less than Item 5(iv) [ subtract Item 5(iv) from Item 5(I) ]:
(vii) Multiplier for determining registration fee (See Instruction c:9):x.00278
(viii) Registration fee due [ multiply Item 5(v) by Item 5 (vii) ] enter "0"
if no fee is due):$21,410.36
6.Prepaid Shares
If the response to Item 5(I) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pursuant to
rule 24e-2 as in effect before October 11,1997, then report the amount of
securities (number of shares or other units) deducted here:___-0-____.
If there is a number of shares or other units that were registered pursuant
to rule 24e-2 remaining unsold at the end of the fiscal year for which this
form is filed that are available for use by the issuer in future fiscal
years, then state that number here: __-0-____.
7. Interest due - if this Form is being filed more than 90 days after the end
of the issuer's fiscal year (see Instruction D): $-0-
8. Total of the amount of the registration fee due plus any interest due
[ line 5 (viii) plus line 7]:$21,410.36
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox Wire Transfer February 24, 1999
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
Buy (Signature and Title) /s/ Robert J. Tuszynski, President/CEO
Date February 25, 1999
