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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 33
File No. 2-54886
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 37
VANGUARD PREFERRED STOCK FUND
(Exact Name of Registrant as Specified in Charter)
Vanguard Financial Center, P.O. Box 1100, Valley Forge, PA 19482
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code (610) 669-1000
Raymond J. Klapinsky, Secretary
Vanguard Financial Center, P.O. Box 1100
Valley Forge, PA 19482
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering: October 28, 1996
It is proposed that this filing will become effective:
X On October 28, 1996 pursuant to paragraph (b) of Rule 485.
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CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933
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<TABLE>
<CAPTION>
Proposed Maximum Proposed Maximum
Title of Securities Amount Being Offering Price Aggregate Offering Amount of
Being Registered Registered Per Unit Prices Registration Fee
- ---------------- ---------- -------- ------ ----------------
<S> <C> <C> <C> <C>
Vanguard Preferred
Stock Fund 4,509,296 $9.49(1) $42,793,219 $100(2)
</TABLE>
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(1) Net asset value on October 22, 1996 adjusted to the nearest cent.
(2) (a) The calculation of the maximum offering price and registration
fee is made pursuant to Rule 24e-2.
(b) Total number of shares of Vanguard Preferred Stock Fund (the
"Fund") redeemed or repurchased during the previous fiscal
year was 12,693,798.
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(c) During the current fiscal year 8,219,268 shares of the Fund
were used for reduction pursuant to paragraph (c) of Rule
24f-2. No redeemed or repurchased securities were used for
reduction pursuant to Rule 24e-2 in previous filings of
Post-Effective Amendments during the current fiscal year.
(d) The amount of redeemed or repurchased securities being used
for such reduction in the amount being filed is 4,474,530
leaving 34,776 shares for purposes of calculating the
registration fee.
FACING PAGE
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
33rd Post-Effective Amendment
Securities of Open-End Management Investment Companies
A. Exact name of Company as specified in Charter:
VANGUARD PREFERRED STOCK FUND
B. Complete address of Company's principal executive offices:
100 Vanguard Boulevard
P.O. Box 1100
Valley Forge, Pennsylvania 19482
C. Name and complete address of agent for service:
Raymond J. Klapinsky, Secretary
Vanguard Financial Center
P.O. Box 1100
Valley Forge, PA 19482
D. Title and amount of securities being registered under this 33rd
Post-Effective Amendment: 4,509,296 Shares of Beneficial Interests of
Vanguard Preferred Stock Fund with no par value
E. Proposed aggregate maximum offering price to the public of the
securities being registered calculated pursuant to Rule 475 (c):
$42,793,219
F. Amount of filing fee.
$100 (1)
G. Approximate date of proposed public offering:
It is requested that this filing become effective on October 28, 1996
pursuant to paragraph (b) of Rule 485.
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(1) (a) The calculation of the maximum offering price and registration
fee is made pursuant to Rule 24e-2.
(b) Total number of shares of Vanguard Preferred Stock Fund (the
"Fund") redeemed or repurchased during the previous fiscal
year was 12,693,798.
(c) During the current fiscal year 8,219,268 shares of the Fund
were used for reduction pursuant to
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paragraph (c) of Rule 24f-2. No redeemed or repurchased
securities were used for reduction pursuant to Rule 24e-2 in
previous filings of Post-Effective Amendments during the
current fiscal year.
(d) The amount of redeemed or repurchased securities being used
for such reduction in the amount being filed is 4,474,530
shares, leaving 34,776 shares for purposes of calculating the
registration fee.
PARTS A-C
Incorporated by reference to the Prospectus, Statement of Additional
Information and Part C contained in Post-Effective Amendment No. 32 to
registrant's Registration Statement on Form N-1A, filed on February 9, 1996,
all of which remain unchanged.
Pursuant to the requirement of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant certifies that it meets all the
requirements for effectiveness of this Registration Statement pursuant to Rule
485 (b) under the Securities Act of 1933 and has duly caused this
Post-Effective Amendment to this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the Town of Valley
Forge and the Commonwealth of Pennsylvania, on this 28th day of October, 1996.
VANGUARD PREFERRED STOCK FUND
By: (Raymond J. Klapinsky)
John C. Bogle*, Chairman of the Board and Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
John J. Brennan, President, Trustee and Chief Executive Officer
October 28, 1996
By: (Raymond J. Klapinsky)
Robert E. Cawthorn, Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
Barbara B. Hauptfuhrer, Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
Bruce K. MacLaury, Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
Burton G. Malkiel, Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
Alfred M. Rankin, Jr., Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
John C. Sawhill, Trustee
October 28, 1996
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By: (Raymond J. Klapinsky)
James O. Welch, Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
J. Lawrence Wilson, Trustee
October 28, 1996
By: (Raymond J. Klapinsky)
Richard F. Hyland*, Treasurer and Principal Financial Officer and Accounting
Officer
October 28, 1996
*By Power of Attorney. See File Number 2-14336. January 23, 1990.
Incorporated by Reference.
