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

                                    FORM N-PX

               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                         MANAGEMENT INVESTMENT COMPANY

                  Investment Company Act file number 811-21129
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   FLAHERTY & CRUMRINE/CLAYMORE PREFERRED SECURITIES INCOME FUND INCORPORATED
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               (Exact name of registrant as specified in charter)

                      301 E. Colorado Boulevard, Suite 720
                               PASADENA, CA 91101
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               (Address of principal executive offices) (Zip code)


                               Donald F. Crumrine
                        Flaherty & Crumrine Incorporated
                      301 E. Colorado Boulevard, Suite 720
                               PASADENA, CA 91101
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                     (Name and address of agent for service)

        Registrant's telephone number, including area code: 626-795-7300
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                      Date of fiscal year end: NOVEMBER 30
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             Date of reporting period: JULY 1, 2007 - JUNE 30, 2008
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Form N-PX is to be used by a registered  management  investment  company,  other
than a small business  investment company registered on Form N-5 (ss.ss.  239.24
and 274.5 of this chapter), to file reports with the Commission,  not later than
August 31 of each year,  containing the registrant's proxy voting record for the
most recent  twelve-month  period  ended June 30,  pursuant to section 30 of the
Investment  Company Act of 1940 and rule 30b1-4  thereunder (17 CFR 270.30b1-4).
The Commission may use the information  provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this  information  public. A registrant is not required
to respond to the  collection of  information  contained in Form N-PX unless the
Form displays a currently  valid Office of Management and Budget ("OMB") control
number.  Please  direct  comments  concerning  the  accuracy of the  information
collection  burden  estimate and any  suggestions for reducing the burden to the
Secretary,  Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549.  The OMB has reviewed this collection of information  under the clearance
requirements of 44 U.S.C. ss. 3507.





                               PROXY VOTING RECORD

                    FOR PERIOD JULY 1, 2007 TO JUNE 30, 2008

FORM N-PX SPREADSHEET

REGISTRANT NAME:
INVESTMENT COMPANY ACT FILE NUMBER:
REPORTING PERIOD:
REGISTRANT  ADDRESS:
NAME OF SERIES (AS APPLICABLE):


 Flaherty & Crumrine / Claymore Preferred Securities Income Fund Incorporated
 811 - 21129
 07/01/2007 - 06/30/2008
 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101




                                  ISSUER OF
                                  PORTFOLIO             EXCHANGE TICKER                      SHAREHOLDER
                                  SECURITY              SYMBOL               CUSIP #         MEETING DATE
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Tempfund Fund Inst'l Shares                             BLK                  09248U619          9/7/2007
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Wachovia Preferred Funding                              WNA-P                92977V206         5/12/2008
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Xcel Energy                                             XEL                  98389B506         5/21/2008
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Xcel Energy                                             XEL                  98389B506         5/21/2008
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Xcel Energy                                             XEL                  98389B506         5/21/2008
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Xcel Energy                                             XEL                  98389B506         5/21/2008
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Xcel Energy                                             XEL                  98389B506         5/21/2008
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                                  ISSUER OF
                                  PORTFOLIO                                                         WHO PROPOSED
                                  SECURITY       SUMMARY OF MATTER VOTED ON                         MATTER: ISSUER/SHAREHOLDER
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Tempfund Fund Inst'l Shares                      Approve directors                                         Issuer
--------------------------------------------------------------------------------------------------------------------------------
Wachovia Preferred Funding                       Approve directors                                         Issuer
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Xcel Energy                                      Approve directors                                         Issuer
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Xcel Energy                                      Approve auditor                                           Issuer
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Xcel Energy                                      Majority voting standard in uncontested elections         Issuer
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Xcel Energy                                      Separation of role of Chairman and CEO                    Security Holder
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Xcel Energy                                      Comprehensive healthcare reform                           Security Holder
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                                                               FUND'S VOTE FOR
                                                               OR AGAINST PROPOSAL,
                                                               OR ABSTAIN; FOR OR
                                  ISSUER OF      WHETHER FUND  WITHHOLD REGARDING   WHETHER VOTE
                                  PORTFOLIO      CAST VOTE ON  ELECTION OF          WAS FOR OR
                                  SECURITY       MATTER        DIRECTORS            AGAINST MANAGEMENT
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Tempfund Fund Inst'l Shares                       Yes            For                  For
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Wachovia Preferred Funding                        Yes            For                  For
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Xcel Energy                                       Yes            For                  For
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Xcel Energy                                       Yes            For                  For
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Xcel Energy                                       Yes            For                  For
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Xcel Energy                                       Yes            Against              For
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Xcel Energy                                       Yes            Against              For
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                                   SIGNATURES

Pursuant  to the  requirements  of the  Investment  Company  Act  of  1940,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

Registrant   Flaherty & Crumrine/Claymore Preferred Securities
             Income Fund Incorporated
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By (Signature and Title) /s/ Donald F. Crumrine
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                        Donald F. Crumrine, Director, Chairman of the Board and
                        Chief Executive Officer
                        (Principal Executive Officer)

Date        8/6/2008
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