-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 DB2PM5Fm4hL37Q4fCNPTbg==

<SEC-DOCUMENT>0001050502-06-000282.txt : 20060718
<SEC-HEADER>0001050502-06-000282.hdr.sgml : 20060718
<ACCEPTANCE-DATETIME>20060718123652
ACCESSION NUMBER:		0001050502-06-000282
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050921
FILED AS OF DATE:		20060718
DATE AS OF CHANGE:		20060718

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROCYON CORP
		CENTRAL INDEX KEY:			0000812306
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				368732690
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		1300 S HIGHLAND AVE
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33756
		BUSINESS PHONE:		(727)447-2998

	MAIL ADDRESS:	
		STREET 1:		1300 S HIGHLAND AVE
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33756

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ANDERSON REGINA WOLFE
		CENTRAL INDEX KEY:			0001366467

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17449
		FILM NUMBER:		06966650

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(727)447-2998

	MAIL ADDRESS:	
		STREET 1:		1300 S HIGHLAND AVE
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33756
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3rwa_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-09-21</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000812306</issuerCik>
        <issuerName>PROCYON CORP</issuerName>
        <issuerTradingSymbol>PCYN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001366467</rptOwnerCik>
            <rptOwnerName>ANDERSON REGINA WOLFE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1300 S HIGHLAND AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CLEARWATER</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33756</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CEO/President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Procyon Corporation</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3350500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Administrator of the Estate of John C. Anderson</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Procyon Corporation</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>72500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Procyon Corporation</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.2125</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>1999-12-31</value>
            </exerciseDate>
            <expirationDate>
                <value>2009-12-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock Options</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>As Administrator of the Estate of John C. Anderson</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Procyon Corporation</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.1594</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2000-11-18</value>
            </exerciseDate>
            <expirationDate>
                <value>2010-11-18</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock Options</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>As Administrator of the Estate of John C. Anderson</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <ownerSignature>
        <signatureName>/s/ Regina W. Anderson</signatureName>
        <signatureDate>2006-07-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----