April 27, 2005

Mail Stop 0409

Lance B. Rosemore
Chief Executive Officer, President and Secretary
PMC Commercial Trust
17950 Preston Road, Suite 600
Dallas, Texas  75252

Re:	PMC Commercial Trust
	Preliminary Proxy Statement on Schedule 14A
	Filed April 18, 2005
	File No. 1-13610


Dear Mr. Rosemore:

      This is to advise you that we have limited our review of
your
proxy statement to the following comment.

General

Please file a proxy card with your next amendment or provide a
draft
for us to review.

*  *  *  *

      As appropriate, please amend your filing in response to
these
comments.  You may wish to provide us with marked copies of the
amendment to expedite our review.  Please furnish a cover letter
with
your amendment that keys your responses to our comments and
provides
any requested supplemental information.  Detailed cover letters
greatly facilitate our review.  Please understand that we may have
additional comments after reviewing your amendment and responses
to
our comments.

      We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings reviewed by the staff to
be
certain that they have provided all information investors require
for
an informed decision.  Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have made.

	Before the amended registration statement is declared
effective
pursuant to Section 8 of the Securities Act, the company should
provide us a letter, acknowledging that:

?	should the Commission or the staff, acting pursuant to
delegated
authority, declare the filing effective, it does not foreclose the
Commission from taking any action with respect to the filing;

?	the action of the Commission or the staff, acting pursuant to
delegated authority, in declaring the filing effective, does not
relieve the company from its full responsibility for the adequacy
and
accuracy of the disclosure in the filing; and

?	the company may not assert staff comments and the declaration
of
effectiveness as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the
United States.

	In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in connection with our review of
your
filing or in response to our comments on your filing.


	If you have any questions, please call Jeffrey Shady at (202)
942-1901 or me at (202) 942-1701.  Note that after April 29, 2005
you
can contact Jeffrey A. Shady at (202) 551-3471, or me at (202)
551-
3694.

Sincerely,



Owen Pinkerton
Senior Counsel
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PMC Commercial Trust
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