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


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 Date of Report (Date of earliest event reported) July 7, 2005 (July 7, 2005)
                                                  ----------------------------

                            Anthracite Capital, Inc.
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


             Maryland                     001-13937           13-397-8906
-------------------------------------------------------------------------------
  (State or other jurisdiction of        (Commission         (IRS Employer
           incorporation)                File Number)      Identification No.)


                40 East 52nd Street, New York, New York           10022
-------------------------------------------------------------------------------
                (Address of principal executive offices)       (Zip Code)


Registrant's telephone number, including area code   (212) 810-3333
                                                   ----------------------------

                                      N/A
-------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

<PAGE>


Item 8.01.   Other Events

On July 7, 2005, Anthracite Capital, Inc. (the "Company") issued a press
release announcing that the Company had priced a new $249.5 million
Collateralized Debt Offering. A copy of the press release issued by the Company
is attached as Exhibit 99.1.



Item 9.01.   Financial Statements and Exhibits

(c) Exhibits.

99.1     Press release dated July 7, 2005 issued by the Company.

<PAGE>


                                   SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          ANTHRACITE CAPITAL, INC.


                                          By: /s/ James J. Lillis
                                              ---------------------------------
                                              Name:  James J. Lillis
                                              Title: Chief Financial Officer

                                              Dated: July 7, 2005
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{"company-data": {"conformed-name": "ANTHRACITE CAPITAL INC", "cik": "0001050112", "assigned-sic": "6798", "irs-number": "133978906", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13937", "film-number": "05942691"}, "business-address": {"street1": "40 EAST 52ND STREET", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2127545560"}, "mail-address": {"street1": "40 EAST 52ND STREET", "city": "NEW YORK", "state": "NY", "zip": "10022"}, "former-company": {"former-conformed-name": "ANTHRACITE MORTGAGE CAPITAL INC", "date-changed": "19971121"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 Date of Report (Date of earliest event reported) July 7, 2005 (July 7, 2005)
                                                  ----------------------------

                            Anthracite Capital, Inc.
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

             Maryland                     001-13937           13-397-8906
-------------------------------------------------------------------------------
  (State or other jurisdiction of        (Commission         (IRS Employer
           incorporation)                File Number)      Identification No.)

                40 East 52nd Street, New York, New York           10022
-------------------------------------------------------------------------------
                (Address of principal executive offices)       (Zip Code)

Registrant's telephone number, including area code   (212) 810-3333
                                                   ----------------------------

                                      N/A
-------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))
Item 8.01.   Other Events

On July 7, 2005, Anthracite Capital, Inc. (the "Company") issued a press
release announcing that the Company had priced a new $249.5 million
Collateralized Debt Offering. A copy of the press release issued by the Company
is attached as Exhibit 99.1.

Item 9.01.   Financial Statements and Exhibits

(c) Exhibits.

99.1     Press release dated July 7, 2005 issued by the Company.
SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          ANTHRACITE CAPITAL, INC.

                                          By: /s/ James J. Lillis
                                              ---------------------------------
                                              Name:  James J. Lillis
                                              Title: Chief Financial Officer

                                              Dated: July 7, 2005