content: SECURITIES AND
                             EXCHANGE COMMISSION
                           Washington, D.C.  20549
  
                                  FORM 8-K
  
              Current Report Pursuant to Section 13 or 15(d) of
                         The Securities Act of 1934
  
              Date of Report (Date of earliest event reported):
                                July 31, 1995
  
                                PAYCHEX, INC.
           (Exact name of Registrant as specified in its charter)
  
  
  Delaware                        0-11330                 16-1123166
  __________________________________________________________________________
  (State or other                 (Commission             I.R.S. Employer
  jurisdiction                    File No.)               Identification
  of incorporation)                                       No.)
  
  
  
  911 Panorama Trail South           Rochester, New York             14625
  __________________________________________________________________________
                   (Address of Principal Executive Offices)
  
  
  
  Registrant's telephone number, including area code:  (716)385-6666
  
  
  
                                     N/A
  __________________________________________________________________________
       (Former name or former address, if changed, since last report)
  <PAGE>
  ITEM 5.  OTHER EVENTS
  
  On June 15, 1995, Paychex, Inc. merged with Pay-Fone Systems, Inc. in a
  business combination accounted for as a pooling of interests.  The
  stockholders of Pay-Fone Systems, Inc. received approximately 357,000 shares
  of Paychex, Inc. common stock.  In accordance with the merger agreement,
  Paychex, Inc. agreed to publish combined financial information by August 29,
  1995.
  
  Consolidated revenue, net income and earnings per share for the two month
  period ended July 31, 1995 were $47,525,000, $7,224,000 and $.16,
  respectively.  This period represents the first eight weeks of revenue and
  expenses of the thirteen week first quarter ending August 31, 1995.
  
                                   SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  Dated:  August 25, 1995
  
                          PAYCHEX, INC.
  
                          By:  /s/ G. Thomas Clark
                              _____________________________________
                                G. Thomas Clark, Vice President
                                          of Finance
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2502}]
text: SECURITIES AND
                             EXCHANGE COMMISSION
                           Washington, D.C.  20549
  
                                  FORM 8-K
  
              Current Report Pursuant to Section 13 or 15(d) of
                         The Securities Act of 1934
  
              Date of Report (Date of earliest event reported):
                                July 31, 1995
  
                                PAYCHEX, INC.
           (Exact name of Registrant as specified in its charter)
  
  Delaware                        0-11330                 16-1123166
  __________________________________________________________________________
  (State or other                 (Commission             I.R.S. Employer
  jurisdiction                    File No.)               Identification
  of incorporation)                                       No.)
  
  911 Panorama Trail South           Rochester, New York             14625
  __________________________________________________________________________
                   (Address of Principal Executive Offices)
  
  Registrant's telephone number, including area code:  (716)385-6666
  
                                     N/A
  __________________________________________________________________________
       (Former name or former address, if changed, since last report)
  ITEM 5.  OTHER EVENTS
  
  On June 15, 1995, Paychex, Inc. merged with Pay-Fone Systems, Inc. in a
  business combination accounted for as a pooling of interests.  The
  stockholders of Pay-Fone Systems, Inc. received approximately 357,000 shares
  of Paychex, Inc. common stock.  In accordance with the merger agreement,
  Paychex, Inc. agreed to publish combined financial information by August 29,
  1995.
  
  Consolidated revenue, net income and earnings per share for the two month
  period ended July 31, 1995 were $47,525,000, $7,224,000 and $.16,
  respectively.  This period represents the first eight weeks of revenue and
  expenses of the thirteen week first quarter ending August 31, 1995.
  
                                   SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  Dated:  August 25, 1995
  
                          PAYCHEX, INC.
  
                          By:  /s/ G. Thomas Clark
                              _____________________________________
                                G. Thomas Clark, Vice President
                                          of Finance