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					UNITED STATES
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			SECURITIES AND EXCHANGE COMMISSION
hours per response.........................24.60
					Washington, D.C. 20549






SEC USE ONLY
					    FORM 13F




















INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER


Report for the Calendar Year or Quarter Ended
 December 31,
20
08
..
















(Please read instructions before preparing form.)

  If amended report check here:


David Vaughan Investments, Inc
Name of Institutional Investment Manager (
5823 N. Forest Park Drive
Peoria
IL
61614
                    1?????????????
Business Address(Street)	(City) (State)(Zip)                  2
Lawrence Williams IV, 309-685-0033, President
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.


ATTENTION

Intentional misstatements or omissions of facts constitute
Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

      The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent
hereby that all information contained herein is true, correct and complete.
It is understood that all required items, statements and schedules are
considered integral parts of this Form and that the submission of any
amendment represents that all unamended items, statements and schedules
remain true, correct and complete as previously submitted.
      Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused
This  report  to  be  signed  on its  behalf  in the City of
Peoria
and State of
Illinois
 on   the
12th
day of
 February
,20
09
..











David Vaughan Investments, Inc.

(Name of Institutional Investment Manager)

Lawrence Williams IV

(Manual Signature of Person Duly Authorized
to Submit This Report)

Name and 13F file numbers of ALL Institutional Investment
Managers with respect to which this schedule is filed (other than the
one filing this report): (List in alphabetical order).
13F File Numbers will be assigned to Institutional
Investment Managers after they file their first report.











(SEC USE ONLY)




Name of Reporting Manager   David Vaughan Investments, Inc.

         |











         |






Item 6:








Item 5:
Investment Discretion

Item 8:


Item 3:
Item 4:
Shares of

(b) Shared-

Item 7:
Voting Authority (Shares)
Item 1:
Item 2:
CUSIP
Fair Market
Principal

As Defined
(c) Shared-
Managers



Name of Issuer
Title of Class
Number
Value
Amount
(a) Sole
in Instr. V
Other
See Instr. V
(a) Sole
(b) Shared
(c) None












3M COMPANY
Common Stk
88579Y101
1,296,176.62
22526.53
22,527



22,527

                   -
ABBOTT LABORATORIES
Common Stk
002824100
1,474,986.69
27637
27,637



27,637

                   -
AGL RESOURCES INC
Common Stk
001204106
9,335,528.40
297784
297,784



295,084

           2,700
ALCOA INC
Common Stk
013817101
3,444,186.28
305878
305,878



301,678

           4,200
ALLSTATE CORP
Common Stk
020002101
4,026,072.96
122896
122,896



121,270

           1,626
AMEREN CORPORATION
Common Stk
023608102
7,211,599.50
216825
216,825



214,910

           1,915
AMERICAN ELECTRIC POWER
Common Stk
025537101
8,121,351.68
244031
244,031



242,031

           2,000
AMGEN INC
Common Stk
031162100
8,993,638.50
155734
155,734



154,334

           1,400
ANTS SOFTWARE INC
Common Stk
037271103
24,599.75
66666
66,666



66,666

                   -
AT&T INC
Common Stk
00206R102
15,799,087.68
554353.95
554,354



548,426

           5,928
AUTOMATIC DATA PROCESSING
Common Stk
053015103
200,004.56
5084
5,084



5,084

                   -
AVON PRODS INC
Common Stk
054303102
209,061.00
8700
8,700



8,100

              600
BAKER HUGHES INC
Common Stk
057224107
5,260,987.29
164047
164,047



162,347

           1,700
BANK OF AMERICA CORP
Common Stk
060505104
5,265,948.16
374002
374,002



370,552

           3,450
BANK OF NEW YORK MELLON CORP
Common Stk
064058100
8,242,953.46
290962
290,962



288,674

           2,288
BARD C R INC
Common Stk
067383109
1,279,066.80
15180
15,180



15,180

                   -
BAXTER INTERNATIONAL INC
Common Stk
071813109
12,712,405.44
237216
237,216



233,766

           3,450
BEMIS COMPANY
Common Stk
081437105
279,281.92
11794
11,794



11,794

                   -
BERKSHIRE HATHAWAY CL B
Common Stk
084670207
215,338.00
67
67



67

                   -
BLACK & DECKER CORP
Common Stk
091797100
3,048,785.20
72920
72,920



72,020

              900
BOEING CO
Common Stk
097023105
1,720,902.43
40330.5
40,331



39,931

              400
BP PLC-SPONS ADR
Common Stk
055622104
7,106,770.26
152049
152,049



150,111

           1,938
BRISTOL MYERS SQUIBB CO
Common Stk
110122108
293,229.00
12612
12,612



12,612

                   -
BROWN & BROWN INC
Common Stk
115236101
5,684,800.00
272000
272,000



272,000

                   -
BURLINGTON NRTHRN SANTA FE
Common Stk
12189T104
325,553.00
4300
4,300



4,300

                   -
CATERPILLAR INC
Common Stk
149123101
8,584,407.39
192173.88
192,174



191,024

           1,150
CH ROBINSON WORLDWIDE INC
Common Stk
12541W209
460,270.92
8364
8,364



8,364

                   -
CHARLES SCHWAB CORP
Common Stk
808513105
5,266,957.08
325724
325,724



322,724

           3,000
CHEVRON CORPORATION
Common Stk
166764100
11,302,542.03
152799
152,799



151,799

           1,000
CISCO SYSTEMS INC
Common Stk
17275R102
9,444,643.80
579426
579,426



573,426

           6,000
CITIGROUP INC
Common Stk
172967101
2,059,674.76
306956
306,956



302,415

           4,541
CLOROX COMPANY
Common Stk
189054109
305,580.00
5500
5,500



5,200

              300
COCA COLA CO
Common Stk
191216100
8,327,597.58
183954
183,954



182,154

           1,800
COMMERCE BANCSHARES INC
Common Stk
200525103
913,368.90
20782
20,782



20,782

                   -
CONOCOPHILLIPS
Common Stk
20825C104
10,782,118.20
208149
208,149



206,371

           1,778
CONSOLIDATED EDISON INC
Common Stk
209115104
7,449,534.86
191357.18
191,357



189,757

           1,600
CONSUMER DISC SELECT SECTOR SPDR
Common Stk
81369Y407
2,186,119.50
101350
101,350



100,750

              600
CONSUMER STAPLES SELECT SECTOR SPDR
Common Stk
81369y308
393,855.00
16500
16,500



16,500

                   -
CSX CORP
Common Stk
126408103
230,537.00
7100
7,100



7,100

                   -
CVS CAREMARK CORP
Common Stk
126650100
9,918,317.70
345105
345,105



341,805

           3,300
DEERE & CO
Common Stk
244199105
10,891,233.76
284218
284,218



281,718

           2,500
DOMINION RESOURCES INC
Common Stk
25746U109
10,298,695.68
287352
287,352



284,552

           2,800
DOW CHEMICAL
Common Stk
260543103
3,191,162.73
211475.33
211,475



209,075

           2,400
DPL INC
Common Stk
233293109
6,432,648.37
281639.6
281,640



280,540

           1,100
DTE ENERGY COMPANY
Common Stk
233331107
6,356,144.31
178193
178,193



176,793

           1,400
DU PONT E I DE NEMOURS
Common Stk
263534109
230,761.30
9121
9,121



9,121

                   -
DUKE ENERGY HOLDING CORP
Common Stk
26441C105
7,811,240.19
520402.41
520,402



513,394

           7,008
ELI LILLY & CO
Common Stk
532457108
219,149.34
5442
5,442



5,042

              400
EMERSON ELECTRIC CO
Common Stk
291011104
7,670,453.98
209518
209,518



207,768

           1,750
ENERGY SELECT SECTOR SPDR
Common Stk
81369y506
294,740.90
6170
6,170



6,170

                   -
ENTERGY CORP
Common Stk
29364G103
2,964,748.32
35664
35,664



34,964

              700
EXELON CORPORATION
Common Stk
30161N101
12,638,317.87
227267
227,267



225,167

           2,100
EXXON MOBIL CORPORATION
Common Stk
30231G102
22,024,143.31
275888.05
275,888



268,854

           7,034
FINANCIAL SELECT SECTOR SPDR
Common Stk
81369Y605
1,407,561.00
112425
112,425



111,925

              500
GENERAL ELECTRIC CO
Common Stk
369604103
11,465,545.58
707749.73
707,750



702,324

           5,426
GENERAL MILLS INC
Common Stk
370334104
10,406,475.00
171300
171,300



170,400

              900
GENUINE PARTS CO
Common Stk
372460105
8,495,405.40
224390
224,390



222,690

           1,700
GOLDMAN SACHS GROUP INC
Common Stk
38141G104
6,387,057.15
75685
75,685



74,685

           1,000
GREAT PLAINS ENERGY INC
Common Stk
391164100
1,676,297.60
86720
86,720



86,420

              300
HEALTH CARE SELECT SECTOR SPDR
Common Stk
81369Y209
878,805.00
33100
33,100



33,100

                   -
HEWLETT PACKARD CO
Common Stk
428236103
13,620,471.67
375323
375,323



371,570

           3,753
HOME DEPOT INC
Common Stk
437076102
6,331,604.96
275048
275,048



272,648

           2,400
HONEYWELL INTERNATL INC
Common Stk
438516106
7,543,447.59
229773
229,773



226,573

           3,200
INDUSTRIAL SELECT SECTOR SPDR
Common Stk
81369y704
1,060,926.00
45300
45,300



45,300

                   -
INTEGRYS ENERGY GROUP INC
Common Stk
45822P105
8,548,593.06
198897
198,897



196,997

           1,900
INTEL CORPORATION
Common Stk
458140100
7,290,120.71
497279.72
497,280



492,080

           5,200
INTL BUSINESS MACHINES CORP
Common Stk
459200101
12,129,307.52
144122
144,122



142,072

           2,050
JOHNSON & JOHNSON
Common Stk
478160104
15,658,587.94
261718
261,718



259,018

           2,700
JOHNSON CONTROLS INC
Common Stk
478366107
3,531,467.21
194464.05
194,464



191,764

           2,700
JP MORGAN CHASE & CO
Common Stk
46625H100
11,437,917.39
362763
362,763



358,161

           4,602
KIMBERLY CLARK CORP
Common Stk
494368103
7,722,981.90
146435
146,435



144,935

           1,500
LOCKHEED MARTIN CORP
Common Stk
539830109
403,584.00
4800
4,800



4,800

                   -
MARATHON OIL CORPORATION
Common Stk
565849106
333,244.80
12180
12,180



12,180

                   -
MASCO CORP
Common Stk
574599106
2,564,441
230,408
230,408



227,908

           2,500
MATERIALS SELECT SECTOR SPDR
Common Stk
81369Y100
635,583
27,950
27,950



27,050

              900
MATTEL INC
Common Stk
577081102
8,219,200
513,700
513,700



508,400

           5,300
MCCORMICK & CO INC
Common Stk
579780206
8,804,893
276,362
276,362



271,662

           4,700
MCDONALDS CORPORATION
Common Stk
580135101
518,789
8,342
8,342



8,342

                   -
MCGRAW HILL COMPANIES INC
Common Stk
580645109
5,105,279
220,150
220,150



218,400

           1,750
MERCK & CO INC
Common Stk
589331107
649,040
21,350
21,350



21,350

                   -
MERRILL LYNCH & CO INC
Common Stk
590188108
1,740,180
149,500
149,500



147,800

           1,700
MICROSOFT CORP
Common Stk
594918104
8,567,069
440,693
440,693



436,593

           4,100
MONSANTO CO
Common Stk
61166W101
3,245,241
46,130
46,130



45,730

              400
NATIONAL CITY CORP
Common Stk
635405103
81,447
44,998
44,998



44,998

                   -
NATIONAL FUEL GAS CO
Common Stk
636180101
7,396,606
236,087
236,087



232,387

           3,700
NEW JERSEY RESOURCES CORP
Common Stk
646025106
11,880,788
301,926
301,926



297,876

           4,050
NORFOLK SOUTHERN CORP
Common Stk
655844108
10,010,264
212,758
212,758



210,258

           2,500
NORTHEAST UTILITIES
Common Stk
664397106
5,230,139
217,379
217,379



215,679

           1,700
OCCIDENTAL PETROLEUM CORP
Common Stk
674599105
239,480
3,992
3,992



3,992

                   -
ORACLE CORP
Common Stk
68389X105
351,710
19,837
19,837



19,837

                   -
PEPSICO INC
Common Stk
713448108
10,188,811
186,029
186,029



184,729

           1,300
PFIZER INC
Common Stk
717081103
8,957,730
505,801
505,801



501,729

           4,072
PHILIP MORRIS INTL
Common Stk
718172109
424,658
9,760
9,760



9,560

              200
PIEDMONT NATURAL GAS CO
Common Stk
720186105
9,330,932
294,630
294,630



291,530

           3,100
PPL CORPORATION
Common Stk
69351T106
1,543,339
50,288
50,288



49,988

              300
PROCTER & GAMBLE CO
Common Stk
742718109
13,965,766
225,910
225,910



224,110

           1,800
PUGET ENERGY INC
Common Stk
745310102
4,131,405
151,500
151,500



149,000

           2,500
QUESTAR CORP
Common Stk
748356102
3,481,452
106,499
106,499



105,599

              900
RLI CORP
Common Stk
749607107
8,312,590
135,915
135,915



122,773

         13,142
ROYAL DUTCH SHELL PLC A
Common Stk
780259206
312,346
5,900
5,900



5,900

                   -
SCANA CORP
Common Stk
80589M102
9,255,751
259,993
259,993



258,393

           1,600
SCHERING PLOUGH CORP
Common Stk
806605101
8,594,330
504,658
504,658



499,858

           4,800
SCHLUMBERGER LTD
Common Stk
806857108
3,521,856
83,200
83,200



82,500

              700
SEMPRA ENERGY
Common Stk
816851109
7,858,968
184,353
184,353



182,153

           2,200
SOUTH JERSEY INDUSTRIES
Common Stk
838518108
6,828,298
171,350
171,350



171,250

              100
SOUTHERN CO
Common Stk
842587107
11,870,525
320,825
320,825



316,125

           4,700
SPDR TRUST SERIES 1
Common Stk
78462F103
1,230,874
13,640
13,640



13,640

                   -
SPECTRA ENERGY CORP
Common Stk
847560109
5,419,565
344,318
344,318



340,614

           3,704
STEAK AND SHAKE COMPANY
Common Stk
857873103
77,582
13,039
13,039



13,039

                   -
T ROWE PRICE ASSOCIATES
Common Stk
74144t108
5,071,464
143,100
143,100



141,950

           1,150
TARGET CORP
Common Stk
87612E106
7,677,089
222,331
222,331



220,481

           1,850
TECHNOLOGY SELECT SECTOR SPDR
Common Stk
81369Y803
1,392,294
90,350
90,350



89,250

           1,100
TEXAS INSTRUMENTS INC
Common Stk
882508104
4,752,659
306,228
306,228



302,928

           3,300
TEXTRON INC
Common Stk
883203101
3,827,121
275,928
275,928



273,278

           2,650
THE HERSHEY COMPANY
Common Stk
427866108
3,976,618
114,468
114,468



113,268

           1,200
THE WALT DISNEY CO
Common Stk
254687106
7,720,417
340,256
340,256



337,456

           2,800
TIDEWATER INC
Common Stk
886423102
4,891,677
121,472
121,472



120,872

              600
TIME WARNER INC
Common Stk
887317105
5,513,635
548,075
548,075



543,175

           4,900
TRAVELERS COMPANIES INC
Common Stk
89417e109
2,751,957
60,884
60,884



60,316

              568
UNITED TECHNOLOGIES CORP
Common Stk
913017109
8,556,484
159,636
159,636



158,086

           1,550
UNITEDHEALTH GROUP
Common Stk
91324P102
4,464,172
167,826
167,826



166,126

           1,700
US BANCORP
Common Stk
902973304
9,268,890
370,607
370,607



367,407

           3,200
UTILITIES SELECT SECTOR SPDR
Common Stk
81369Y886
1,129,412
38,905
38,905



38,905

                   -
VECTREN CORPORATION
Common Stk
92240G101
9,356,441
374,108
374,108



370,176

           3,932
VERIZON COMMUNICATIONS
Common Stk
92343V104
11,160,226
329,210
329,210



324,858

           4,352
WAL MART STORES INC
Common Stk
931142103
11,237,227
200,450
200,450



197,344

           3,106
WELLS FARGO & COMPANY
Common Stk
949746101
12,657,385
429,355
429,355



423,755

           5,600
WEYERHAEUSER CO
Common Stk
962166104
4,744,244
154,990
154,990



153,390

           1,600
WILLIAMS COS INC
Common Stk
969457100
215,752
14,900
14,900



14,900

                   -
WINDSTREAM CORP
Common Stk
97381W104
528,457
57,441
57,441



57,028

              413
WORTHINGTON INDUSTRIES INC
Common Stk
981811102
1,007,922
91,463
91,463



88,763

           2,700
WYETH
Common Stk
983024100
10,662,518
284,258
284,258



280,658

           3,600












COLUMN TOTALS


 $    739,661,668
24,448,070




       24,189,194













SEC 1685 (5/91)

? ProFormWare, Inc.  (561) 447-6684			SEC 1685 (5/91)