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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Pioneer Financial Services, Inc.
(Name of Issuer)
Common Stock, $1.00 par value per share
(Title of Class of Securities)
723672 10 1
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
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SCHEDULE 13G
CUSIP No. 723672 10 1
___________________________________________________________________________
1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter W. Nauert
___________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
___________________________________________________________________________
3 SEC USE ONLY
___________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
___________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
1,656,988
SHARES _______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY _______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
1,656,988
REPORTING _______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
0
___________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,656,988
___________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
___________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
27.5%
___________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
___________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Pioneer Financial Services, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1750 East Golf Road
Schaumburg, Illinois 60173
Item 2(a) Name of Person Filing:
Peter W. Nauert
Item 2(b) Address of Principal Business Office of Pioneer Life and PFS
1750 East Golf Road
Schaumburg, Illinois 60173
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, $1.00 par value per share
Item 2(e) CUSIP Number:
723672 10 1
Item 3. Not Applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned:
As of December 31, 1994, the number of shares of the issuer's
Common Stock beneficially owned by Peter W. Nauert was 1,656,988.
(b) Percent of Class:
As of December 31, 1994, the percent of the class of the issuer's
Common Stock beneficially owned by Peter W. Nauert was
approximately 27.5%
(c) The number of shares of the issuer's Common Stock as to which
Peter W. Nauert has:
(i) sole power to vote or to direct the vote is 1,656,988;
(ii) shared power to vote or to direct the vote is -0-;
(iii) sole power to dispose or to direct the
disposition is 1,656,988;
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(iv) shared power to dispose or to direct the
disposition is -0-.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not applicable.
Item 8. Identification and Classification of Member of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
Not applicable; Filed pursuant to Rule 13d-1(c).
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Dated February 10, 1995
/s/ Peter W. Nauert
___________________
Peter W. Nauert
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations. (See 18 U.S.C. 1001)
