FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BROWN WILLIAM 		2. Issuer Name and Ticker or Trading Symbol

COMMUNITY FIRST BANCORP [ cfok.ob ] 		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)

PO BOX 794 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/21/2007
(Street)

SENECA, SC 29679-0794
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/21/2007     M    7134   D $5.1859   105607   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option Right to Buy   $5.1859   6/18/1998   6/18/1998   M     7134       6/19/1998   6/19/2008   Common Stock   7134   $0   23046   D    
Option Right to Buy   $11.2128   2/26/1999   2/26/1999   M     3567       6/19/1998   6/19/2008   Common Stock   3567   $0   19479   D    
Option Right to Buy   $11.2128   10/16/2000   10/16/2000   M     3243       10/16/2000   10/16/2010   Common Stock   3243   $0   16236   D    
Option Right to Buy   $10.6845   12/20/2001   12/20/2001   M     3088       12/20/2001   12/20/2011   Common Stock   2941   $0   13148   D    
Option right to Buy   $12.062   4/10/2004   4/10/2014   M     2801       4/10/2004   4/10/2014   Common Stock   2801   $0   7406   D    
Option right to Buy   $12.7434   4/28/2004   4/28/2004   M     2668       4/28/2004   4/28/2014   Common Stock   2668   $0   4738   D    
Option Right to Buy   $15.6669   4/26/2005   4/26/2005   M     2425       4/26/2005   4/26/2015   Common Stock   2425   $0   2313   D    
Option right to Buy   $18.6147   5/18/2006   5/18/2006   M     2313       5/18/2006   5/18/2016   Common Stock   2313   $0   0   D    
Option Right to Buy   $11.2187   11/21/2002   11/21/2002   M     2941       11/21/2002   11/21/2012   Common Stock   2941   $0   10207   D    

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BROWN WILLIAM
PO BOX 794
SENECA, SC 29679-0794 		X



Signatures
William M. Brown 3/7/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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