Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BLACKROCK FINANCIAL MANAGEMENT INC
   2. Issuer Name and Ticker or Trading Symbol
ANTHRACITE CAPITAL INC [ACPI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Manager-See Additional Remarks
(Last)
(First)
(Middle)
40 EAST 52ND STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/24/2009
(Street)

NEW YORK, NY 10022		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/24/2009   C(1)   10,000 D (1) 3,301,056 D  
Common Stock 12/24/2009   J(2)   4,003 A (2) 3,305,059 D  
Common Stock 12/24/2009   C(3)   12,825 D (3) 3,292,234 D  
Common Stock 12/24/2009   J(2)   5,134 A (2) 3,297,368 D  

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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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) (4) 12/24/2009   C(1)     10,000 03/31/2008(5) 03/31/2010 Common Stock 10,000 $ 0 106,671 D  
Restricted Stock Unit (3) (4) 12/24/2009   C(3)     12,825 03/31/2009(6) 03/31/2011 Common Stock 12,825 $ 0 94,900 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BLACKROCK FINANCIAL MANAGEMENT INC
40 EAST 52ND STREET
NEW YORK, NY 10022		   X     Manager-See Additional Remarks

Signatures

 /s/ Richard M. Shea, as Managing Director   12/28/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) In 2008, BlackRock Financial Management, Inc. (the "Manager"), the manager of Anthracite Capital, Inc. (the "Company"), granted Restricted Stock Units in respect of shares of the Company's common stock to certain employees of the Manager under the BlackRock Inc. Involuntary Deferred Compensation Plan. Each Restricted Stock Unit is payable by delivery of a share of the Company's common stock or the cash value thereof.
(2) Shares of the Company's common stock withheld by the Manager to satisfy the Restricted Stock Unit holder's tax withholding obligations arising from the conversion of the Restricted Stock Units, calculated based on the closing price of the Company's common stock on November 12, 2009 ($0.40).
(3) In 2009, the Manager granted Restricted Stock Units in respect of shares of the Company's common stock to certain employees of the Manager under the BlackRock, Inc. Involuntary Deferred Compensation Plan. Each Restricted Stock Unit is payable by delivery of a share of the Company's common stock or the cash value thereof.
(4) 1-for-1.
(5) Vested on grant date (March 31, 2008), but not able to be settled until the earlier of termination of the Restricted Stock Unit holder's employment with the Manager, which occurred on November 13, 2009, or March 31, 2010 pursuant to the terms of the Restricted Stock Units.
(6) Vested on grant date (March 31, 2009), but not able to be settled until the earlier of termination of the Restricted Stock Unit holder's employment with the Manager, which occurred on November 13, 2009, or March 31, 2011 pursuant to the terms of the Restricted Stock Units.
 
Remarks:
The Manager may be deemed a director of the Company by virtue of the service on the board of directors of the Company of Scott Amero, the Vice Chairman of the Manager, and Chris Milner, a Managing Director of the Manager.

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