PARK AVENUE PORTFOLIO
13F-HR/A, 1999-11-02
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,  D.C.     20549


FORM 13F/A


FORM 13F/A COVER PAGE

Report for the Calendar Year or Quarter Ended:  September 30, 1999

Check here if Amendment [ x ];  Amendment Number:
This Amendment  (Check only one.):  [ x ] is a restatement.
				    [   ] adds new holding entries.

Institutional Investment Manager Filing this Report:

Name:	 Guardian Investor Services Corporation
Address: 7 Hanover Square
	 New York,  NY   10004

13F File Number:   28-05061

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.




Person Signing this Report on Behalf of Reporting Manager:

Name:	 Frank L. Pepe
Title:	 Vice President/Treasurer
Phone:	 212-598-8445
Signature,  Place,  and Date of Signing:

Frank L. Pepe	New York,  NY	November 2, 1999




I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.

<PAGE>

Please disregard the information attached to accession number
0000837910-99-000010 for the Park Avenue Portfolio (CIK #837910)
on the reporting period as of 9/30/99.  This filing was made
in error.  The holdings in this report are correctly filed under
the Guardian Investor Services Corp. (CIK # 728572), accession
number 0000728572-99-000014.





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