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        <lei>N/A</lei>
        <title>EMERGING MARKETS EQUITY FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599817"/>
        </identifiers>
        <balance>201748.12600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2162739.91000000</valUSD>
        <pctVal>3.880079591412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUALITY BOND FUND</name>
        <lei>N/A</lei>
        <title>QUALITY BOND FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707603106"/>
        </identifiers>
        <balance>200597.12800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3353983.98000000</valUSD>
        <pctVal>6.017239858825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MID CAP VALUE FUND</name>
        <lei>N/A</lei>
        <title>MID CAP VALUE FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599809"/>
        </identifiers>
        <balance>34840.42900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1128133.09000000</valUSD>
        <pctVal>2.023935545216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE GROWTH STOCK</name>
        <lei>N/A</lei>
        <title>LARGE GROWTH STOCK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707563102"/>
        </identifiers>
        <balance>18833.18500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1626433.86000000</valUSD>
        <pctVal>2.917915740949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLEXIBLY MANAGED FUND</name>
        <lei>N/A</lei>
        <title>FLEXIBLY MANAGED FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707583100"/>
        </identifiers>
        <balance>46827.56000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4994159.27000000</valUSD>
        <pctVal>8.959808514280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE CAP GROWTH FUND</name>
        <lei>N/A</lei>
        <title>LARGE CAP GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599882"/>
        </identifiers>
        <balance>12956.45900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>548706.04000000</valUSD>
        <pctVal>0.984410144578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE CAP VALUE FUND</name>
        <lei>N/A</lei>
        <title>LARGE CAP VALUE FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707613105"/>
        </identifiers>
        <balance>65304.15100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3387979.35000000</valUSD>
        <pctVal>6.078229504750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE CORE VALUE FUND</name>
        <lei>N/A</lei>
        <title>LARGE CORE VALUE FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599841"/>
        </identifiers>
        <balance>65764.55800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2247174.95000000</valUSD>
        <pctVal>4.031560901758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MID CORE VALUE FUND</name>
        <lei>N/A</lei>
        <title>MID CORE VALUE FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599874"/>
        </identifiers>
        <balance>72291.13300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2811402.16000000</valUSD>
        <pctVal>5.043816916602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REIT FUND</name>
        <lei>N/A</lei>
        <title>REIT FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599866"/>
        </identifiers>
        <balance>82104.33900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2816999.87000000</valUSD>
        <pctVal>5.053859529784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMID CAP GROWTH FUND</name>
        <lei>N/A</lei>
        <title>SMID CAP GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="707599833"/>
        </identifiers>
        <balance>24376.77800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1083060.25000000</valUSD>
        <pctVal>1.943072281999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMALL CAP INDEX FUND</name>
        <lei>N/A</lei>
        <title>SMALL CAP INDEX FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599734"/>
        </identifiers>
        <balance>51967.24100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1643723.83000000</valUSD>
        <pctVal>2.948934939986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MID CAP GROWTH FUND</name>
        <lei>N/A</lei>
        <title>MID CAP GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599700"/>
        </identifiers>
        <balance>31007.73700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1101394.82000000</valUSD>
        <pctVal>1.975965553421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Penn Series Funds Inc</ncom:nameOfApplicant>
      <ncom:signature>Steven Viola</ncom:signature>
      <ncom:signerName>Steven Viola</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
