We investigate experimentally the eigenmodes of a Gaussian-beam-pumped traveling-wave phase-sensitive optical parametric amplifier (PSA). By varying the waist of an input LG(00) signal mode, we show that PSA performance improves with increasing spatial overlap between the input and the theoretically predicted fundamental eigenmode. For optimum waist, we report amplification and deamplification markedly higher than those observed for the traditional case of signal waist=√2× (pump waist). Lastly, we demonstrate the generation and verification of the PSA fundamental eigenmode.