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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GP1SQDZdEJ1pOIbfpQoBtrKxkHuDb2vHYDao8j/CqzAgw3dB7CO5jGONJhcm6E0x
 wctK3vCKGNYGog9GCYxFAQ==

<SEC-DOCUMENT>0001209191-09-014798.txt : 20090309
<SEC-HEADER>0001209191-09-014798.hdr.sgml : 20090309
<ACCEPTANCE-DATETIME>20090309160546
ACCESSION NUMBER:		0001209191-09-014798
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090309
FILED AS OF DATE:		20090309
DATE AS OF CHANGE:		20090309

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HARRIS PREFERRED CAPITAL CORP
		CENTRAL INDEX KEY:			0001046788
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				364183096
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		111 W MONROE ST
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60690
		BUSINESS PHONE:		3124612220

	MAIL ADDRESS:	
		STREET 1:		111 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60690

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wacker Delbert
		CENTRAL INDEX KEY:			0001451530

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13805
		FILM NUMBER:		09666221

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		312-461-2220

	MAIL ADDRESS:	
		STREET 1:		HARRIS PREFERRED CAPITAL CORPORATION
		STREET 2:		111 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60603
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c82277_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-03-09</periodOfReport>

    <issuer>
        <issuerCik>0001046788</issuerCik>
        <issuerName>HARRIS PREFERRED CAPITAL CORP</issuerName>
        <issuerTradingSymbol>HBC PR A</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001451530</rptOwnerCik>
            <rptOwnerName>Wacker Delbert</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>HARRIS PREFERRED CAPITAL CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>111 WEST MONROE STREET</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60603</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>7 3/8% Preferred Stock Series A</value>
            </securityTitle>
            <transactionDate>
                <value>2009-03-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>8.76</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <ownerSignature>
        <signatureName>Roy Kim by Power of Attorney</signatureName>
        <signatureDate>2009-03-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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