SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                         RULE 23C-2 NOTICE OF INTENTION
                              TO REDEEM SECURITIES

                                       OF

                              FLAHERTY & CRUMRINE/
                      CLAYMORE PREFERRED SECURITIES INCOME
                                FUND INCORPORATED
                      301 E. Colorado Boulevard, Suite 720
                               Pasadena, CA 91101
                                 (626) 795-7300

                                    under the

                         Investment Company Act of 1940

                    Investment Company Act File No. 811-21129



     The undersigned registered closed-end investment company hereby notifies
the Securities and Exchange Commission that it intends to redeem securities of
which it is the issuer, as set forth below in accordance with the requirements
of Rule 23c-2 under the Investment Company Act of 1940, as amended, and states
that it is filing this notice with the Commission pursuant to permission granted
by the Commission's staff fewer than 30 days prior to the date set for
redemption.

     (1)  Title of the class of securities of Flaherty & Crumrine/Claymore
          Preferred Securities Income Fund Incorporated (the "Fund") to be
          redeemed:

          Auction Market Preferred Stock, Series M7 (CUSIP #338478209), Series
     T7 (CUSIP #338478308) Series W7 (CUSIP #338478407), Series TH7 (CUSIP
     #338478506), Series F7 (CUSIP #338478605), Series T28 (CUSIP #338478704)
     and Series W28 (CUSIP #338478803), par value $.01 per share, liquidation
     preference of $25,000 per share (the "Preferred Stock").

     (2)  Date on which the securities are to be called or redeemed:

                           November 3, 2008

     (3)  Applicable provisions of the governing instrument pursuant to which
          the securities are to be called or redeemed:




          The shares of Preferred Stock are to be redeemed pursuant to Part I,
     Articles 8(b) and 8(c), of the Fund's Articles Supplementary Establishing
     and Fixing the Rights and Preferences of Auction Market Preferred Stock.

     (4)  The number of shares to be redeemed and the basis upon which the
          shares to be redeemed are to be selected:

     The Fund intends to redeem, on a pro rata basis by series (as determined by
the Depository Trust Company), the number of outstanding shares of Preferred
Stock set forth below:

                           Series           Number of Shares
                           ------           ----------------

                           M7               248

                           T7               248

                           W7               248

                           TH7              248

                           F7               248

                           T28              220

                           W28              222


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                                    SIGNATURE
                                    ---------

     Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of
1940, the Fund has duly caused this Notice of Intention to Redeem Securities to
be signed on its behalf by the undersigned, in the City of Pasadena and the
State of California, on this 13th day of October 2008.


                                         FLAHERTY & CRUMRINE/
                                         CLAYMORE PREFERRED SECURITIES INCOME
                                         FUND INCORPORATED



                                         By: /s/ R. Eric Chadwick
                                             -----------------------------------
                                             Name: R. Eric Chadwick
                                             Title: Chief Financial Officer

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