Item 1. Business
	 (a) General Development of Business.
	 Registrant is a holding company organized under the laws of 	 Pennsylvania. Registrant has conducted virtually no business operations 	 in the past four years, other than its efforts to seek merger partners. 	 Subsequent to year end the Registrant entered into an agreement to 	 exchange approximately 83.5% of its no par value common stock for 	 approximately 60% of the common stock of Communications/USA, Inc. 	 (Comm/USA).
	Comm/USA owns and operates interactive voice messaging franchises in 	the Voice-Tel system. Voice -Tel is the largest interactive voice 	messaging company in the United States, operating a digital 	telecommunications network through independently owned franchises. 	The system operates on proprietary software which was created by 	Centigram Communications Corporation. Comm/USA operates in the 	following sales territories: (i)the cities of Tampa, St. 	Petersburg, Clearwater, Largo, Bradenton, and Sarasota; and 	(ii) the Metropolitan Statistical Areas of Lakeland-Winter Haven, 	Melbourne-Titusville-Palm Bay, Fort Pierce, Fort Myers-Cape Coral, 	and Naples.
	After the merger, the Registrant expects to change its name to 	NET LNNX, Inc., to more closely identify with the high technology 	nature of its future business. Besides the above mentioned 	interactive voice messaging, the Registrant expects to form and 	operate an Internet Service Provider, and Comm/USA expects to 	provide additional services including ,long distance debit or 	prepaid cards, long distance re-selling, as well as purchasing 	its own paging company.
Item 2.
Item 2. Properties.
The executive and business office of the Registrant consist of office space located at 2240 Woolbright Rd. Suite 336, Boynton Beach, FL 33426.
Item 3.
Item 3. Legal Proceedings.
There were no material legal proceedings pending or known to be threatened or contemplated to which registrant is a party.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
	No matter was submitted to a vote of holders of Registrant's Common 	Stock during 1995.
PART II
Item 5.
Item 5. Market for Registrant's Common Stock and Related Stockholders Matters.
Registrant's Common Stock has been traded on the over-the-counter market since May 1989. The following table sets forth the range of high and low bid quotations for each quarterly period in the fiscal year ended
December 31, 1995 as reported by brokers making a market in the Company's stock. The quotations shown do not include commissions and therefore do not reflect actual transactions.
As of March 29, 1996, there were approximately 2,300 holders of record of Common Stock. No cash dividends were paid in the last 4 years.
Item 6.
Item 6. Selected Financial Data.
	None
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results 	of Operations.
LIQUIDITY AND CAPITAL RESOURCES
Registrant has projected that it will incur only minor operating costs during 1996. After the merger with Comm/USA, some working capital will flow from the subsidiary to the Registrant in the form of management fees. The company expects these fees to be in the vicinity of $10,000 per month which more than adequately cover any expected expenses that may occur. The Registrant ended the year with $2,164 of cash, which was used to pay for expenses of the merger.
RESULTS OF OPERATIONS
There was a loss of $186 for the year which is a result of stock transfer fee income and associated miscellaneous operating expenses. The company expects that its revenues will approximate $1,000,000 from its interactive voice messaging services. The company's subsidiary Comm/USA expects to have a net income of 10%-12% of revenues for the 1996 year.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Financial Statements of Registrant and Financial Statement schedules are attached as Appendix A (following Exhibits) and included as part of this Form 10-K Report. A list of said Financial Statements and Financial Statement Schedules is provided in response to Item 14 (a).
Item 9.
Item 9. Changes in and Disagreements with Accountants on 	Accounting and Financial Disclosure.
Not applicable
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
	 (A) Identification of Directors
			 Age Director Since
Robert C. Hackney 45 December 1995
Each director is elected until the next Annual Meeting of shareholders and until his successor is qualified.
	 (B) Identification of Executive Officers
Name Office Age When Elected
Robert C. Hackney President 45 December 1995
Each officer is elected until the next Annual Meeting of Directors is held and until his successor is qualified
	 (C) Not required as Registrant was subject to Section 13(a) of 		Securities Act of 1934
	 (D) Business experience
Robert C. Hackney: Has been a Director of the Company since December 1995. He will be in charge of implementing the Company's acquisition strategy. For nearly two decades his corporate and securities law practice has included public and private securities offerings, mergers and acquisitions, tender offers, and complex corporate structures. From 1988 until 1995, Mr. Hackney was a partner in the law firm of DeSantis, Gaskill & Hunston P.A., in North Palm Beach, Florida. He is a former securities fraud prosecutor and state securities regulator. He also serves on the Board of Directors of Micro Typing Systems, Inc., a company in the medical products industry. Mr. Hackney is a member of the Florida Bar, the United States District Court, Middle District of Florida, the United States Court of Appeals for the Eleventh Circuit. He has lectured and authored several books in the area of corporate securities law, including "The Complete Guide to Mergers and Acquisitions", (1989), " An Insiders Guide to Non-Bank Business Financing" (1990), and "Firesale! Advice on Buying Financially Distressed Companies" (1991). Mr. Hackney is a member of United States Senator Connie Mack's Senate Roundtable and is listed in the Who' Who Registry.
Item 11.
Item 11. Executive Compensation.
	No officer or Director received any cash compensation during the fiscal 	year ended December 31, 1995.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
	The following table identifies the only persons known by the Company 	who owned beneficially as of March 28, 1995, more than five percent of 	any class of the Company's voting securities, after giving effect to a 1 	for 20 reverse split which was anounced by the Company on January 3, 	1996.
Title Name and Address Amount & Nature of Percent of Class of Beneficial Owner Beneficial Ownership of Class _______ _________________ ____________________ ________ 			 Common Robert C. Hackney No par value Palm Beach Gardens, Fl 835,000 83.5%
Item 13.
Item 13. Certain Relationships and Related Transactions.
No related transactions have taken place during 1995
				 PART IV
Item 14.
Item 14. Exhibits, Financial Statements, Schedules, and Reports on Form 8-K
(a) (1) Financial Statements.
The following Financial Statements of Registrant are filed as part of this Form 10-K Report:
	1. Audited Balance Sheet as of December 31, 1995 and Unaudited 		Balance Sheet as December 31, 1994.
	2. Audited Statement of Operation for the Year ended December 31, 		1995 and Unaudited Statements of Operations for the years ended 		December 31, 1994 and 1993. 	3. Audited Statement of Cash Flows for the year ended December 31, 		 1995 and Unaudited Statements of Cash Flows for the Years ended 		December 31, 1994 and 1993. 	4. Notes to Financial Statements
All schedules are omitted because they are not required, are not applicable or the required information is given in the financial statements or notes thereto.
(a) (3) Exhibits
(3) (A) Articles of Incorporation (incorporated by reference to Registrant's 	Form 10-K Report for the year ended December 31, 1983, Exhibit (3) (A), 	File No. 0-6553)
(3) (B) By-Laws(incorporated by reference to Registrant's Form 10-K report for 	the year ended Decenber 31, 1983, Exhibit (3) (B) , File No. 0-6503)
(11) Earnings per share
(b) Reports on Form 8-K
	 During the year ended December 31, 1995 no reports on Form 8-K were 	 filed by Registrant.
SIGNATURES
Pursuant to the requirements of Secetion 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized:
CHESTER COUNTY SECURITY FUND, INC.
By:/S/ Robert C. Hackney Robert C. Hackney, President and Director
Date: March 29,1996
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following on behalf of the Registrant and in the capacities and on the dates indicated.
By: /S/Robert C. Hackney Robert C. Hackney, President and Director
Date: March 29,1996