VANGUARD PREFERRED STOCK FUND
NSAR-A, 1995-06-27
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<PAGE>      PAGE  1
000 A000000 04/30/95
000 C000000 081391
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 VANGUARD PREFERRED STOCK FUND
001 B000000 811-2601
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
018  000000 Y
019 A000000 Y
019 B000000   86
019 C000000 VANGUARDGR
020 A000001 ASIEL & CO.
020 B000001 13-4933080
020 C000001      1
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        1
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001    424049
022 D000001         0
022 A000002 ROBERT W. BAIRD & CO., INC.
022 B000002 39-6037917
022 C000002         0
022 D000002     14625
022 A000003 PRUDENTIAL BACHE SECURITIES
022 B000003 13-1954348
022 C000003        85
022 D000003     11009
<PAGE>      PAGE  2
022 A000004 BEAR STEARNS & CO.
022 B000004 13-3299429
022 C000004      5479
022 D000004      4164
022 A000005 GOLDMAN SACHS & CO.
022 B000005 13-5108880
022 C000005      4437
022 D000005      3766
022 A000006 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000006 13-5674085
022 C000006      3720
022 D000006      2408
022 A000007 OPPENHEIMER & CO.
022 B000007 13-2798343
022 C000007      2528
022 D000007      3421
022 A000008 SMITH BARNEY SHEARSON INC.
022 B000008 13-1912900
022 C000008      1574
022 D000008      3754
022 A000009 SALOMON BROTHERS
022 B000009 13-3082694
022 C000009         0
022 D000009      4986
022 A000010 LEHMAN BROTHERS INC.
022 B000010 13-2518466
022 C000010      1836
022 D000010       976
023 C000000     447792
023 D000000      54924
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
SIGNATURE   GARY P. SOURA                                
TITLE                           
 


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<NAME> VANGUARD PREFERRED STOCK FUND
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