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PCM FUND, INC. Director's Dealing 2004

Aug 5, 2004

34309_dirs_2004-08-05_d4ed9495-22e8-419d-9c7c-fa3ee2fab3d5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIMCO COMMERCIAL MORTGAGE SECURITIES TRUST INC (PCM)
CIK: 0000908187
Period of Report: 2004-05-20

Reporting Person: THOMPSON WILLIAM S (Executive Committee)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-05-20 Compensation Deferral Account $ S 2700 Disposed Common Shares (2700) Indirect
2004-05-20 Compensation Deferral Account $ S 3500 Disposed Common Shares (3500) Indirect
2004-05-20 Compensation Deferral Account $ S 200 Disposed Common Shares (200) Indirect
2004-05-20 Compensation Deferral Account $ S 2500 Disposed Common Shares (2500) Indirect
2004-05-20 Compensation Deferral Account $ S 1000 Disposed Common Shares (1000) Indirect
2004-05-20 Compensation Deferral Account $ S 2000 Disposed Common Shares (2000) Indirect
2004-05-20 Compensation Deferral Account $ S 500 Disposed Common Share (500) Indirect
2004-05-20 Compensation Deferral Account $ S 1500 Disposed Common Shares (1500) Indirect
2004-05-20 Compensation Deferral Account $ S 3100 Disposed Common Shares (3100) Indirect
2004-05-20 Compensation Deferral Account $ S 767 Disposed Common Shares (767) Indirect
2004-05-21 Compensation Deferral Account $ S 700 Disposed Common Shares (700) Indirect
2004-05-21 Compensation Deferral Account $ S 600 Disposed Common Shares (600) Indirect
2004-05-21 Compensation Deferral Account $ S 1000 Disposed Common Shares (1000) Indirect
2004-05-21 Compensation Deferral Account $ S 1500 Disposed Common Shares (1500) Indirect
2004-05-21 Compensation Deferral Account $ S 100 Disposed Common Shares (100) Indirect
2004-05-21 Compensation Deferral Account $ S 6700 Disposed Common Shares (6700) Indirect
2004-05-21 Compensation Deferral Account $ S 100 Disposed Common Shares (100) Indirect
2004-05-21 Compensation Deferral Account $ S 200 Disposed Common Shares (200) Indirect
2004-05-21 Compensation Deferral Account $ S 5100 Disposed Common Shares (5100) Indirect
2004-05-21 Compensation Deferral Account $ S 500 Disposed Common Shares (500) Indirect

Footnotes

F1: A rabbi trust established in connection with the Executive Deferred Compensation Plan of Allianz Dresdner Asset Management of America LLC acquired common shares of the Issuer for the Compensation Deferral Account maintained for the benefit of Mr. Thompson. The shares are held in the name of the Plan.

F2: Mr. Thompson will receive in cash the value of the shares at the time he is eligible to receive benefits under the Plan unless he instucts the rabbi trust to sell the shares at an earlier date and allocate the proceeds of the sale to a different investment. Mr. Thompson is not eligible to receive the benefits under the Plan until five years after the plan year in which the contribution was made to his account, or such later date beyond five years as Mr. Thompson elects.