February 13, 1996



Edwin J. Gillis
Parametric Technology Corporation
128 Technology Drive
Waltham, MA  02154


RE:   Amended Schedule 13G


Enclosed pursuant to Rule 13d-2(b) under the Securities
Exchange Act of 1934 is a report on Schedule 13G reporting
beneficial ownership at
December 31, 1995 by American Express Company and American
Express Financial Corporation in common stock of Parametric
Technology Corporation.

Sincerely,



Steve Turbenson
Manager Investment Accounting Operations





Enclosure




              SECURITIES AND EXCHANGE COMMISSION
                               
                    Washington, D. C. 20549
                               
                         SCHEDULE 13G
                               
                               
         Under the Securities and Exchange Act of 1934



               Parametric Technology Corporation
                       (Name of Issuer)

                         Amendment #1

                         Common Stock
                (Title of Class of Securities)



                          699173-10-0
                        (CUSIP Number)



Check the following space if a fee is being paid with this
statement



The information required in the remainder of this cover page
(except any items to which the form provides a cross-reference)
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act.







                    CUSIP NO.  699173-10-0


1) Name of Reporting Person         American Express Company

   S.S. or I.R.S. Identification    IRS No. 13-4922250
   No. of Above Person


2) Check the Appropriate Box            (a)
   if a Member of a Group               (b) X - Joint Filing


3) SEC Use Only


4) Citizenship or Place of Organization      New York

 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
                             WITH
   (5)              Sole Voting Power   -0-
   (6)              Shared Voting Power 1,073,000
   (7)              Sole Dispositive Power   -0-
   (8)              Shared Dispositive Power 3,038,000


9) Aggregate Amount Beneficially
   Owned by Each Reporting Person       3,038,000


10)   Check if the Aggregate Amount in
   Row (9) Excludes Certain Shares      Not Applicable


11)   Percent of Class Represented by
   Amount In Row (9)                    5.26%


12)   Type of Reporting Person          CO, HC




                    CUSIP NO.   699173-10-0


1) Name of Reporting Person         American Express Financial
Corporation

   S.S. or I.R.S. Identification    IRS No. 13-3180631
   No. of Above Person


2) Check the Appropriate Box            (a)
   if a Member of a Group               (b) X - Joint Filing


3) SEC Use Only


4) Citizenship or Place of Organization           Delaware

 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
                             WITH
   (5)                Sole Voting Power                -0-
   (6)                Shared Voting Power
1,073,000
   (7)                Sole Dispositive Power           -0-
   (8)                Shared Dispositive Power
3,038,000


9) Aggregate Amount Beneficially
   Owned by Each Reporting Person       3,038,000


10)   Check if the Aggregate Amount in
   Row (9) Excludes Certain Shares      Not Applicable


11)   Percent of Class Represented by
   Amount In Row (9)                    5.26%


12)   Type of Reporting Person          CO, IA


1(a)                               Name of Issuer:Parametric Technology 
                                   Corporation

1(b)                               Address of Issuer's
Principal                          128 Technology Drive
      Executive Offices:           Waltham, MA  02154

2(a)                               Name of Person Filing:American Express 
                                   Company
                                   American Express Financial
Corporation

2(b)                               Address of Principal
Business Office:                   American Express Company
                                   American Express Tower
                                   World Financial Center
                                   New York, NY  10285

                                   American Express Financial
Corporation
                                   IDS Tower 10
                                   Minneapolis, MN  55440


2(c)             Citizenship:           See Item 4 of Cover
Page

2(d)             Title of Class of Securities:                Common Stock

2(e)             Cusip Number:               699173-10-0

3     Information if statement is filed pursuant to Rules 13d-
1(b) or 13d-2(b):
        American Express Company, one of the persons filing
        this statement, is a Parent Holding Company in
        accordance with Rule 13d-1(b)(ii)(G).
        
        American Express Financial Corporation, one of the
        persons filing this statement, is an Investment Advisor
        registered under section 203 of the Investment Advisors
        Act of 1940.
        

4(a)             Amount Beneficially Owned as of Dec.31, 1995:
See Item 9 of Cover Pages

4(b)             Percent of Class:    See Item 11 of Cover
Pages

4(c)             Number of Shares as to which such person has:
      (i) Sole power to vote or to direct the vote:   See Item
      5 of Cover Pages
      (ii)       Shared power to vote or direct the vote:   See
Item 6 of Cover Pages
      (iii)      Sole power to dispose or to direct the
disposition of:   See Item 7
          of Cover Pages
      (iv)       Shared power to dispose or to direct the
disposition of:   See Item 8
          of Cover Pages
5     Ownership of 5% or Less of a Class:
      If this statement is being filed to report the fact
      as of the date hereof the reporting person has
      ceased to be the beneficial owner of more than five
      percent of the class of securities, check the
      following  (  ).

6     Ownership of more than 5% on Behalf of Another Person:

                            Not Applicable

7     Identification and Classification of the Subsidiary Which
Acquired the                            Security Being Reported
on by the Parent Holding Company:

                            See Exhibit I

8     Identification and Classification of Members of the
Group:

                            Not Applicable

9     Notice of Dissolution of Group:

                            Not Applicable

10    Certification:

         By signing below I certify that, to the best of
     my knowledge and belief, the securities referred to
     above were acquired in the ordinary course of
     business and were not acquired for the purpose of and
     do not have the effect of changing or influencing the
     control of the issuer of such securities and were not
     acquired in connection with or as a participant in
     any transaction having such purposes or effect.

         After reasonable inquiry and to the best of my
     knowledge and belief, I certify that the information
     set forth in this statement is true, complete and
     correct.


                                   American Express Financial
Corporation



Dated:    Dec. 31, 1995             By
                                    Signature


                                    Melinda S. Urion
                                    Senior Vice-President of
Finance
                                    and Chief Financial Officer
                                    Name/Title

                                    Telephone: (612)  671-6227

                         Exhibit Index


Exhibit I    Identification and Classification of the
Subsidiary   which Acquired the Security Being Reported on by
the Parent Holding Company.

Exhibit II   Statement of American Express Company

Exhibit III  Statement of American Express Financial Corporation

                          Exhibit  I
                               
                              to
                               
                         Schedule  13G

   One of the persons filing this statement is a parent holding
company.  The relevant subsidiary, American Express Financial
Corporation, a Delaware Corporation, is registered as
investment advisor under section 203 of the Investment Advisors
Act of 1940.
                          EXHIBIT II
                               
                              to
                               
                         SCHEDULE 13G
                               
                           under the
                               
                Securities Exchange Act of 1934

American Express Company, American Express Tower, World
Financial Center, New York, New York disclaims beneficial
ownership of the securities referred to in the Schedule 13G
to which this exhibit is attached, and the filing of this
Schedule 13G shall not be construed as an admission that
American Express Company is, for the purpose of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, the
beneficial owner of any securities covered by this Schedule
13G.

Pursuant to Rule 13d-1(f) (1) and subject to the preceding
disclaimer, American Express Company affirms it is
individually eligible to use Schedule 13G and agrees that
this Schedule is filed on its behalf, and authorizes the
President, any Vice President, the comptroller, the
Secretary, the General Counsel, any Associate General
Counsel or any Counsel, each with power to act singly, of
each subsidiary of American Express Company making this
filing to sign this statement on behalf of American Express
Company.


                            AMERICAN EXPRESS COMPANY



                            By:____________________________
                            Name:       Stephen P. Norman
                            Title:      Secretary
                         Exhibit  III
                               
                              to
                               
                         Schedule  13G
                               
                          Under  the
                               
                Securities Exchange Act of 1934


   Pursuant to Rule 13d-1(f)(1), American Express Financial
Corporation affirms that it is individually eligible to use
Schedule 13G and agrees that this Schedule is filed in its
behalf.


                                 American Express Financial
Corporation


                                 By:
                                   Melinda S. Urion
                                   Senior Vice-President of
Finance                            and Chief Financial Officer