I remember this series from when I was in highschool. It was an animated series shown on ABC as part of their Saturday morning cartoon lineup. As I remember there were very few episodes and it may have been dropped mid-season. The show dealt with the title character "Ned" conquering his nightmares. Each episode would start out by setting up for the nightmare during the day time; Ned would become worried or frightened by something. Then once Ned had fallen asleep is was sent into his nightmare world where he would then have to conquer whatever evil force was bothering him. My favorite part of the show was the nightmare worlds. They were very surreal and well created. I don't think this show was very popular among the target audience because it was so dark and Ned was always in dire straits. This is definitely a cartoon that is more likely to be enjoyed by adults.
Review of Nightmare Ned
