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: BURNS R WESLEY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
1999-03-19	COMMON STOCK	P	2000	$13.6250	Acquired	2000	Direct
1999-12-22	COMMON STOCK	P	8000	$11.6875	Acquired	8000	Direct
2000-04-12	COMMON STOCK	S	2000	$12.0000	Disposed	2000	Direct
2000-07-20	COMMON STOCK	S	8000	$12.7500	Disposed	8000	Direct
2001-03-12	COMMON STOCK	P	2500	$12.9100	Acquired	10000	Direct

Footnotes

F1: This transaction resulted in a matchable short swing trade covering 2,000 shares; the issuer has collected from the Reporting Person the profits resulting from this transaction in accordance with Section 16(b) of the Securities Exchange Act.

F2: The aggregate holdings set forth on Table I, Column 5 herein reflect the aggregate holdings and form of ownership of the Reporting Person as of fiscal year end 12/31/07.

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