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: POWERS WILLIAM C (SR. VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
1993-11-23	COMMON STOCK	P	2500	$13.125	Acquired	2500	Direct
1993-11-24	COMMON STOCK	P	1000	$13.25	Acquired	1000	Indirect
1993-12-16	COMMON STOCK	P	7500	$13.125	Acquired	7500	Direct
1994-02-09	COMMON STOCK	P	5000	$12.625	Acquired	5000	Direct
1994-04-15	COMMON STOCK	P	2000	$12.50	Acquired	2000	Direct
1994-04-18	COMMON STOCK	P	2800	$12.125	Acquired	2800	Direct
1994-04-19	COMMON STOCK	P	5200	$12.125	Acquired	5200	Direct
1998-10-26	COMMON STOCK	J	12500	—	Disposed	12500	Direct
1998-11-25	COMMON STOCK	S	5100	$13.375	Disposed	5100	Direct
1998-11-27	COMMON STOCK	S	300	$13.375	Disposed	300	Direct
1999-04-09	COMMON STOCK	G	1500	—	Disposed	1500	Direct
1999-04-09	COMMON STOCK	G	1500	—	Acquired	1500	Indirect
1999-06-07	COMMON STOCK	S	1810	$13.1875	Disposed	1810	Direct
1999-06-10	COMMON STOCK	G	3790	—	Disposed	0	Direct

Footnotes

F1: The Reporting Person transferred 12,500 shares to his wife in connection with their divorce; the transfer occurred prior to the finalization of their qualified domestic relations order.

F2: This transaction involved the disposition by gift of 1,500 shares held directly by the Reporting Person to the Reporting Person's children.

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