PCM FUND, INC. — Director's Dealing 2008

Dec 31, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: PCM FUND, INC. (PCM)
CIK: 0000908187
Period of Report: 2007-12-31

Reporting Person: THOMPSON WILLIAM S (SENIOR VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2001-08-24	COMMON STOCK	P	18047	$14.0344	Acquired	18047	Indirect
2002-05-28	COMMON STOCK	P	1070	$14.6120	Acquired	1070	Indirect
2002-05-29	COMMON STOCK	P	5800	$14.6098	Acquired	5800	Indirect
2002-05-30	COMMON STOCK	P	3300	$14.7200	Acquired	0	Indirect

Footnotes

F1: In addition to the acquisitions set forth on this Form 5 (all of which have been sold in previously reported transactions), the Reporting Person also acquired an aggregate of 6,050 shares on various dates under a qualified dividend reinvestment plan, which were not previously reported in the Reporting Person?s aggregate holdings and all of which have been sold in previously reported transactions.

F2: 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 maintained for the benefit of Mr. Thompson. The shares are held in the name of the Plan.

F3: Reflects the form and amount of securities beneficially owned as of the Issue's fiscal year end reflected in Box 3.