FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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

OMB APPROVAL OMB Number: 3235-0362 Expires: January 31, 2005 Estimated average burden hours per response... 1.0

1. Name and Address of Reporting Person * IMBER BARRY 2. Issuer Name and Ticker or Trading Symbol PMC COMMERCIAL TRUST /TX [PCC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 17950 PRESTON ROAD SUITE 600 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2007 (Street) DALLAS, TX 75252 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Shares of Beneficial Interest 12/31/2007(1)   P(1) 97 A $ (1) 1,202 I By IRA Common Shares of Beneficial Interest 12/31/2007(2)   P(2) 25 A $ (2) 1,122 (5) I By Wife's IRA Common Shares of Beneficial Interest 12/31/2007(3)   P(3) 140 A $ (3) 3,274 (5) I By Child's IRA Common Shares of Beneficial Interest 12/31/2007(4)   P(4) 974 A $ (4) 11,111 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
IMBER BARRY 17950 PRESTON ROAD SUITE 600 DALLAS, TX 75252	  X	Â	Â	Â

Signatures

Barry Imber under POA		05/01/2008
**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)	Includes 97 Common Shares of Beneficial Interest (the "Shares") which were acquired by the Reporting Person's personal IRA through a broker dividend reinvestment plan during fiscal 2006 and 2007. Based on a review of the Reporting Person's records, the Reporting Person is unable to determine the exact date(s) on which such Shares were acquired or the price(s) paid for such Shares.
(2)	Includes 25 Shares which were acquired by the Reporting Person's spouse's IRA through a broker dividend reinvestment plan during fiscal 2006 and 2007. Based on a review of the Reporting Person's spouse's records, the Reporting Person is unable to determine the exact date(s) on which such Shares were acquired or the price(s) paid for such Shares
(3)	Includes 140 Shares which were acquired by an IRA benefiting the Reporting Person's child through a broker dividend reinvestment plan during fiscal 2006 and 2007. Based on a review of the Reporting Person's child's records, the Reporting Person is unable to determine the exact date(s) on which such Shares were acquired or the price(s) paid for such Shares.
(4)	Includes 974 Shares which were acquired by the Reporting Person through a broker dividend reinvestment plan during fiscal 2006 and 2007. Based on a review of the Reporting Person's records, the Reporting Person is unable to determine the exact date(s) on which such Shares were acquired or the price(s) paid for such Shares.
(5)	The Reporting Person disclaims beneficial ownership of the Shares reported herein (except to the extent of any pecuniary interest therein) and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such Shares for purposes of Section 16 or any other purpose.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.