<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>3
<FILENAME>gale.txt
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>


POWER OF ATTORNEY


	KNOW ALL MEN BY THESE PRESENTS, that the person whose name
appears below nominates, constitutes and appoints Donald F.
Crumrine, Robert M. Ettinger and Peter C. Stimes (with full power
to act alone) his true and lawful attorney-in-fact and agent, for
him and on his behalf and in his place and stead in any and all
capacities, to execute any and all filings on Form 4 (Statement of
Changes of Beneficial Ownership of Securities) pursuant to Section
16(a) of the Securities Exchange Act of 1934 and Section 30(h) of
the Investment Company Act of 1940, as amended ("Form 4 Filings")
with respect to changes of beneficial ownership of securities of
F&C/CLAYMORE PREFERRED SECURITIES INCOME FUND INCORPORATED (the
"Fund"), and to file with the Securities and Exchange Commission,
The New York Stock Exchange and the Fund such Form 4 Filings,
granting unto said attorney, full power and authority to do and
perform certain acts and things requisite and necessary to be done
in and about the premises as fully to all intents and purposes as
the undersigned himself might or could do.

	IN WITNESS WHEREOF, the undersigned has hereunto set his
hand this 23rd day of January, 2003.



/s/ David Gale
Name: David Gale
Title:   Director, F&C/Claymore Preferred Securities Income Fund
Incorporated


EXPIRES:  February 28, 2004


</TEXT>
</DOCUMENT>
