-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Cp2z8T2sxAZLg9X1TBvvNjaqAxXz4w39lA9ryOOZckP2m09RJ4qhp77YWdztjIrX
 FL1/xUHKfbZdVfhNjZNawg==

<SEC-DOCUMENT>0001005477-07-010067.txt : 20071205
<SEC-HEADER>0001005477-07-010067.hdr.sgml : 20071205
<ACCEPTANCE-DATETIME>20071205180534
ACCESSION NUMBER:		0001005477-07-010067
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071205
FILED AS OF DATE:		20071205
DATE AS OF CHANGE:		20071205

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANTHRACITE CAPITAL INC
		CENTRAL INDEX KEY:			0001050112
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				133978906
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2127545560

	MAIL ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANTHRACITE MORTGAGE CAPITAL INC
		DATE OF NAME CHANGE:	19971121

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK FINANCIAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0000917129

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13937
		FILM NUMBER:		071287653

	BUSINESS ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	MAIL ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER NAME:	
		FORMER CONFORMED NAME:	BLACKROCK FINANCIAL MANAGEMENT L P
		DATE OF NAME CHANGE:	19940106
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-12-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001050112</issuerCik>
        <issuerName>ANTHRACITE CAPITAL INC</issuerName>
        <issuerTradingSymbol>AHR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000917129</rptOwnerCik>
            <rptOwnerName>BLACKROCK FINANCIAL MANAGEMENT INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>40 EAST 52ND STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Manager</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-12-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>76564</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.4471</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>754071</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Restricted shares of Anthracite Capital, Inc. (the &quot;Company&quot;) common stock granted to BlackRock Financial Management, Inc. (the &quot;Manager&quot;) for the second quarter of 2007 under the Company's 2006 Stock Award and Incentive Plan (the &quot;Plan&quot;) and pursuant to the provision of the amended and restated investment advisory agreement between the Company and the Manager (the &quot;Management Agreement&quot;) providing that 30% of the Manager's incentive fees earned under the Management Agreement shall be paid in shares of the Company's common stock subject to certain provisions under the Management Agreement and the Plan.</footnote>
        <footnote id="F2">Price per share of common stock determined in accordance with Section 5(a) of the Management Agreement.  The Management Agreement is filed as Exhibit 10.1 to the Company's Annual Report on Form 10-K for the year ended December 31, 2006.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Signed on behalf of BlackRock Financial Management, Inc. by Vincent B. Tritto, Managing Director                             /s/ Vincent B. Tritto, as Managing Director</signatureName>
        <signatureDate>2007-12-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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