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 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * THRIFT GARY V   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 2125 3. Date of Earliest Transaction (Month/Day/Year) 06/19/1998 (Street) SENECA, SC 29679 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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 (Month/Day/Year)

7. Title and Amount of Underlying Securities (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

06/19/1998

M

7,134

06/19/1998

06/19/2008

Common Stock

7,134

$ 0

23,046

D

Option Right to Buy

$ 11.2128

02/26/1999

M

3,567

02/26/1999

02/26/2009

Common Stock

3,567

$ 0

19,479

D

Option Right to Buy

$ 11.1007

10/16/2000

M

3,243

10/16/2000

10/16/2010

Common Stock

3,243

$ 0

16,236

D

Option Right to Buy

$ 10.6845

12/20/2001

M

3,088

12/20/2001

12/20/2010

Common Stock

3,088

$ 0

13,148

D

Option Right to Buy

$ 11.2187

11/21/2002

M

2,941

11/21/2002

11/21/2012

Common Stock

2,941

$ 0

10,207

D

Option Right to Buy

$ 12.1062

04/28/2004

M

2,801

04/28/2004

04/28/2014

Common Stock

2,801

$ 0

7,406

D

Option Right to Buy

$ 12.7434

04/28/2004

M

2,668

04/28/2004

04/28/2014

Common Stock

2,668

$ 0

4,738

D

Option Right to Buy

$ 15.6669

04/26/2005

M

2,425

04/26/2005

04/26/2015

Common Stock

2,425

$ 0

2,313

D

Option Right to Buy

$ 18.6147

05/18/2006

M

2,313

05/18/2006

05/18/2016

Common Stock

2,313

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
THRIFT GARY V PO BOX 2125 SENECA, SC 29679	X

Signatures

Gary V. Thrift		12/31/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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.

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