Anthracite Capital, Inc.

40 East 52^nd Street

New York, NY 10022

April 23, 2008

BY FACSIMILE AND EDGAR

Division of Corporation Finance

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Attn:  Kristina Aberg

Re:

Anthracite Capital, Inc.

Registration Statement on Form S-3 (File No. 333-149915)

Dear Madam:

Pursuant to Rule 461 of the Securities Act of 1933, as amended, we respectfully request that the effective date of the Registration Statement on Form S-3 (File No. 333-149915), as amended by Amendment No. 1, filed on April 23, 2008 be accelerated by the Securities and Exchange Commission (the “Commission”) to 5:00 p.m. Eastern Daylight Time on April 25, 2008 or as soon as practicable thereafter.

We hereby acknowledge the following:

·

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 us from our full responsibility for the accuracy and adequacy of the disclosure in the filing.

·

we may not assert 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.

We request that we be notified of such effectiveness by a telephone call to the undersigned at (212) 810-3439 and that such effectiveness also be confirmed in writing.

Very truly yours,

Anthracite Capital, Inc.

By:   /s/ Vincent B. Tritto    

      Name: Vincent B. Tritto

      Title:

Secretary