-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CWQHGb2+YvpyXMq5xOKCRv6/xd3XYdZDLAgAzKeoMp6RiAGMY/sBY+eNfu+dZ9NO
 Azj/JMZI+oQQt6pADIEpTg==

<SEC-DOCUMENT>0000904280-03-000255.txt : 20031031
<SEC-HEADER>0000904280-03-000255.hdr.sgml : 20031031
<ACCEPTANCE-DATETIME>20031031105733
ACCESSION NUMBER:		0000904280-03-000255
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031027
FILED AS OF DATE:		20031031

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRI COUNTY FINANCIAL CORP /MD/
		CENTRAL INDEX KEY:			0000855874
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				520692188
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3035 LEONARDTOWN RD
		STREET 2:		P O BOX 38
		CITY:			WALDORF
		STATE:			MD
		ZIP:			20601
		BUSINESS PHONE:		3016455601

	MAIL ADDRESS:	
		STREET 1:		3035 LEONARDTOWN ROAD
		CITY:			WALDORF
		STATE:			MD
		ZIP:			20601

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SHEPHERD JAMES R
		CENTRAL INDEX KEY:			0001268694

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18279
		FILM NUMBER:		03968601

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 552
		CITY:			SOLOMONS
		STATE:			MD
		ZIP:			20888
		BUSINESS PHONE:		4105354583

	MAIL ADDRESS:	
		STREET 1:		PO BOX 552
		CITY:			SOLOMONS
		STATE:			MD
		ZIP:			20888
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-10-27</periodOfReport>


    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000855874</issuerCik>
        <issuerName>TRI COUNTY FINANCIAL CORP /MD/</issuerName>
        <issuerTradingSymbol>TCFC.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001268694</rptOwnerCik>
            <rptOwnerName>SHEPHERD JAMES R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PO BOX 552</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SOLOMONS</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>20888</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>250</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>



    <ownerSignature>
        <signatureName>James R. Shepherd</signatureName>
        <signatureDate>2003-10-27</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----