FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB APPROVAL
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response. . .0.5 Filed By Romeo and Dye's Section 16 Filer www.section16.net

1. Name and Address of Reporting Person* Friedberg, Robert	2. Issuer Name and Ticker or Trading Symbol Anthracite Capital, Inc. (AHR)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable)     Director                                       10% Owner X Officer (give title below)          Other (specify below) Vice President and Secretary
(Last)      (First)     (Middle) 40 East 52nd Street	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 2/26/03
(Street) New York, NY 10022		5. If Amendment, Date of Original (Month/Day/Year) 2/26/03	7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person     Form filed by More than One Reporting Person
(City)     (State)     (Zip)	Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)			5. Amount of Securities Beneficially Owned Follow- ing Reported Transactions(s) (Instr. 3 & 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Shares of Common Stock (par value $0.001 per share)	2/26/03		G(1)		3,800	D		24,225	D
Shares of Common Stock (par value $0.001 per share)	2/26/03		G(1)		1,900	A		1,900	I(2)	By Son
Shares of Common Stock (par value $0.001 per share)	2/26/03		G(1)		1,900	A		1,900	I(2)	By Son

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number

FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conver- sion or Exercise Price of Derivative Security

3. Trans- action Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Trans- action Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)

6. Date Exercisable and Expiration Date (Month/Day/ Year)

7. Title and Amount of Underlying Securities (Instr. 3 & 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira- tion Date

Title

Amount or Number of Shares

Explanation of Responses:

(1) Gift to each son who share reporting person's household
(2) The reporting person disclaims beneficial ownership of all securities held by his sons, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

By: /s/ Salvatore Rappa
             Salvatore Rappa
**Signature of Reporting Person 3/11/03
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
          If space is insufficient, See Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY


The undersigned, being a person required to file a statement under Section 16(a) of the
Securities Exchange Act of 1934 (the "1934 Act") with respect to each of the Anthracite Capital Inc, Inc.,

 hereby authorizes, designates and appoints Robert P. Connolly, Daniel R. Waltcher,
 Bartholomew A. Battista,Salvatore Rappa,and Paul Murdock, and each of them, to act
 severally as attorneys-in-fact to execute and file statements on Form 4 and Form 5 and
 any successor forms adopted by the Securities Exchange Commission, as required by
 the 1934 Act and the Investment Company Act of 1940 and the rules thereunder, and to
 take such other actions as such attorneys-in-fact may deem necessary or appropriate in
 connection with such statements, hereby confirming and ratifying all actions that such
attorneys-in-fact have taken or may take in reliance hereon.  This power of attorney shall
 continue in effect until the undersigned no longer has an obligation to file statements
under the section cited above, or until specifically terminated in writing by the
undersigned.


IN WITNESS WHEREOF, the undersigned has duly executed this power of attorney
on the ___26___ day of ______February_________, 2003.




By: /s/ Robert Friedberg
Name (Please Print):Robert Friedberg