FLAHERTY & CRUMRINE TOTAL RETURN FUND INC — Director's Dealing 2004

Apr 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INC (FLC)
CIK: 0001245648
Period of Report: 2004-04-14

Reporting Person: ETTINGER ROBERT M (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-14	Common Stock	P	1800	$24.68	Acquired	1800	Direct

Footnotes

F1: Mr. Ettinger indirectly holds an additional 4,198 shares of the Fund through his ownership of 40% of Flaherty & Crumrine Incorporated.