OMB APPROVAL
OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
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 filed 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).
1 NAME 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) ____
SEC USE ONLY
CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
5 SOLE VOTING POWER 1,702,635
Number of
Shares
Beneficially 6 SHARED VOTING POWER 0
Owned By Each
Reporting 7 SOLE DISPOSITIVE POWER 1,702,635
Person With
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,702,635
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.5%
12 TYPE OF REPORTING PERSON*
IN
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, IL 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, 1995, the number of shares of the
issuer's Common Stock beneficially owned by Peter W. Nauert
was 1,702,635 shares.
(b) Percent of Class:
As of December 31, 1995, the percent of the class of the
issuer's Common Stock beneficially owned by Peter W. Nauert
was 16.5%.
(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
1,702,635;
(ii) Shares power to vote or to direct the vote is -0-;
(iii) Sole power to dispose or to direct the
disposition is 1,702,635;
(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 OR 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
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
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.
Date: February 13, 1996.
PIONEER FINANCIAL SERVICES, INC.
/s/ Peter W. Nauert
________________________________
PETER W. NAUERT, CEO & PRESIDENT
Attention: Intentional misstatements or omissions of fact constitute Federal
Criminal violations (See 18 U.S.C. 1001).
