Principal fishery: Landlocked salmon, smallmouth bass, largemouth bass, white perch, rainbow smelt. Panther Pond thermally stratifies in the summer months, but the deeper coldwater layers experience depressed dissolved oxygen levels, reducing its potential to sustain large populations of coldwater fish. There is ample habitat to support all warm water fish species. Panther Pond is stocked annually with landlocked salmon, which at times provide excellent fishing. The annual draw-down of the lake to attract spawning runs of salmon up from Sebago Lake also attract salmon from Panther Pond into the outlet. Results tabulated from annual bass tournaments held on the lake indicate a higher quality smallmouth bass than largemouth bass population, but a balanced population of both currently exists. White perch fishing is very popular summer and winter at Panther. A handline fishery for rainbow smelts is also popular during the winter season. Panther Pond is not as heavily fished in either summer or winter as other surrounding lakes. General law fishing regulations are therefore adequate to maintain all populations existing in the lake with the exception of smelts. Dipping for smelts is allowed on a limited basis during the spring; however, if the lake trout program becomes successful, dipping may have to be curtailed. Currently, access to Panther Pond is less than ideal. Limited access is provided at the outlet near Panther Run and also via the Tenny River and boat launching facility on Crescent Lake. PANTHER POND lies between Rt. 85 and Rt. 121, and is located entirely within the town of Raymond. It connects to Crescent Lake via the Tenney River, and is a "multi-purpose" lake - good for all kinds of recreation and boating.