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

FORM 10-K

(Mark one)

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2002

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

Commission File Number: 333-65298-03

Banc of America Commercial Mortgage Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-PB2

(Exact name of registrant as specified in its charter)

New York 52-2365571
52-2365572
52-7281898
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (410) 884-2000

Securities registered pursuant to Section 12(b) of the Act:

NONE.

Securities registered pursuant to Section 12(g) of the Act:

NONE.

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes X No ___

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K.

Not applicable.

State the aggregate market value of the voting and non-voting common
equity held by non-affiliates of the registrant. The aggregate market
value shall be computed by reference to the price at which the common
equity was sold, or the average bid and asked prices of such common
equity, as of a specified date within 60 days prior to the date of
filing. (See definition of affiliate in Rule 405, 17 CFR 230.405.)

Not applicable.

Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.

Not applicable.

List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g. Part I, Part II, etc..) into which the
document is incorporated: (1)Any annual report to security holders; (2)
Any proxy or information statement; and (3)Any prospectus filed pursuant
to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes (e.g.
annual report to security holders for fiscal year ended December 24, 1980).

Not applicable.

PART I

Item 1. Business.

Omitted.

Item 2. Properties.

See Item 15(a), Exhibits 99.1, 99.2, and 99.3, for information
provided in lieu of information required by Item 102 of
Regulation S-K.

Item 3. Legal Proceedings.

The registrant knows of no material pending legal proceedings
involving the trusts created under the Pooling and Servicing
Agreement (the Trusts), the Trustee, the Servicer or the
registrant with respect to the Trusts other than routine
litigation incidental to the duties of the respective parties.

Item 4. Submission of Matters to a Vote of Security Holders.

None.

PART II

Item 5. Market for registrant's Common Equity and Related Stockholder
Matters.

No established public trading market for the Certificates exists.

Records provided to the Trust by the DTC and the Trustee
indicate that as of December 31, 2002, the number of holders of
record for each class of Certificate were as follows:

Class A-1 8
Class A-2 7
Class A-3 3
Class A-4 24
Class B 3
Class C 2
Class D 2
Class E 2
Class F 3
Class G 1
Class H 2
Class J 2
Class K 3
Class L 1
Class M 1
Class N 1
Class O 1
Class P 1
Class Q 1
Class R-I 1
Class R-II 1
Class X-C 5
Class X-P 2
Class Z-I 1
Class Z-II 1

Total: 79

Item 6. Selected Financial Data.

Omitted.

Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.

Omitted.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

Not applicable.

Item 8. Financial Statements and Supplementary Data.

See Item 15(a), Exhibits 99.1, 99.2, 99.3, for information
provided in lieu of information required by Item 302 of
Regulation S-K.

Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.

None.

PART III

Item 10. Directors and Executive Officers of the Registrant.

Not applicable.

Item 11. Executive Compensation.

Not applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

Not applicable.

Item 13. Certain Relationships and Related Transactions.

Not applicable.

Item 14. Controls and Procedures.

Not applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

(a) Exhibits

(99.1) Annual Independent Accountants' Servicing Reports concerning
servicing activities for the year ended December 31, 2002.

<s> <c>
a) Bank of America, N.A., as Master Servicer <F1>
b) Lennar Partners, Inc., as Special Servicer <F2>

(99.2) Report of Management as to Compliance with Minimum Servicing
Standards for the year ended December 31, 2002.

<s> <c>
a) Bank of America, N.A., as Master Servicer <F1>
b) Lennar Partners, Inc., as Special Servicer <F1>

(99.3) Annual Statements of Compliance under the Pooling and Servicing
Agreements for the year ended December 31, 2002.

<s> <c>
a) Bank of America, N.A., as Master Servicer <F1>
b) Lennar Partners, Inc., as Special Servicer <F1>

(99.4) Aggregate Statement of Principal and Interest Distributions to
Certificate Holders.

(b) On October 24, 2002, November 26, 2002, and December 19, 2002
reports on Form 8-K were filed by the Company in order to provide
the statements for the monthly distributions to holders of the
Certificates. No other reports on Form 8-K have been filed during
the last quarter of the period covered by this report.

(d) Omitted.

<F1> Such document (i) is not filed herewith since such document was not
received by the reporting person at least three business days prior to
the due date covered by this report, and (ii) will be included in an
amendment to this report on Form 10-K/A to be filed within 30 days of the
Reporting Person's receipt of such document.

<F2> Filed herewith.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized:

Banc of America Commercial Mortgage Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-PB2
(Registrant)

Signed: Banc of America Commercial Mtg. Inc.
by Wells Fargo Bank Minnesota, N.A. its Attorney in fact

By: Beth Belfield, Assistant Vice President

By: /s/ Beth Belfield, Assistant Vice President

Dated: March 31, 2003

Sarbanes-Oxley Certification

I, George G. Ellison, certify that:

1. I have reviewed this annual report on Form 10-K, and all reports on Form
8-K containing distribution or servicing reports filed in respect of
periods included in the year covered by this annual report, of Banc of
America Commercial Mortgage Inc. Commercial Mortgage Pass-Through
Certificates Series 2002-PB2;

2. Based on my knowledge, the information in these reports, taken as a whole,
does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading as of
the last day of the period covered by this annual report;

3. Based on my knowledge, the distribution or servicing information required
to be provided to the trustee by the servicer under the pooling and
servicing, or similar, agreement, for inclusion in these reports is
included in these reports;

4. Based on my knowledge and upon the annual compliance statement included in
the report and required to be delivered to the trustee in accordance with
the terms of the pooling and servicing, or similar, agreement, and except
as disclosed in the reports, the servicer has fulfilled its obligations
under the servicing agreement; and

5. The reports disclose all significant deficiencies relating to the
servicer's compliance with the minimum servicing standards based upon the
report provided by an independent public accountant, after conducting a
review in compliance with the Uniform Single Attestation Program for
Mortgage Bankers or similar procedure, as set forth in the pooling and
servicing, or similar, agreement, that is included in these reports.

In giving the certifications above, I have reasonably relied on
information provided to me by the following unaffiliated parties: Wells
Fargo Bank Minnesota, N.A., as Trustee; Lennar Partners, Inc., as Special
Servicer; Prudential Asset Resources, Inc. as Sub-Servicer; L.J. Melody &
Company of Texas, LP, as Sub-Servicer; Capstone Realty Advisors, LLC, as
Sub-Servicer; Collateral Mortgage Capital, LLC, as Sub-Servicer; and
Financial Federal Savings Bank, as Sub-Servicer.

Date: March 28, 2003

/s/ George G. Ellison
Signature

Senior Vice President
Title

SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

(a)(i) No annual report is provided to the Certificateholders other than
with respect to aggregate principal and interest distributions.

(a)(ii) No proxy statement, form of proxy or other proxy soliciting
material has been sent to any Certificateholder with respect to any
annual or other meeting of Certificateholders.

Ex-99.1(b)

Deloitte & Touche LLP
Certified Public Accountants
Suite 400
200 South Biscayne Boulevard
Miami, Florida 33131-2310

Ph: (305) 372-3100
Fax: (305) 372-3160
www.us.deloitte.com

Deloitte
& Touche (logo)

INDEPENDENT ACCOUNTANT'S REPORT

To the Board of Directors of
Lennar Partners, Inc.:

We have examined management's assertion about Lennar Partners, Inc.'s (the
"Company") compliance with the minimum servicing standards identified in the
Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers (USAP) as applicable to the special servicing of
commercial and multifamily mortgage loans as of and for the year ended December
31, 2002 included in the accompanying management assertion. Management is
responsible for the Company's compliance with those minimum-servicing standards.
Our responsibility is to express an opinion on management's assertion about the
entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide
a legal determination on the Company's compliance with the minimum servicing
standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended
December 31, 2002 is fairly stated, in all material respects.

/s/ Deloitte & Touche LLP
February 15, 2003

Deloitte
Touche
Tohmatsu (logo)

Ex-99.4
Schedule of Year-To-Date Principal and Interest Distributions to
Certificateholders

Class Interest Principal Losses Ending Balance
<s> <c> <c> <c> <c>
A-1 1,535,796.37 6,022,978.34 0.00 57,205,512.66
A-2 5,700,735.67 0.00 0.00 172,175,646.00
A-3 3,228,365.91 0.00 0.00 90,950,559.00
A-4 19,666,325.00 0.00 0.00 545,000,000.00
B 1,862,014.70 0.00 0.00 50,594,789.00
C 624,606.71 0.00 0.00 16,864,930.00
D 526,080.38 0.00 0.00 14,054,108.00
E 739,955.79 0.00 0.00 19,675,751.00
F 427,947.59 0.00 0.00 11,243,286.00
G 551,003.04 0.00 0.00 14,054,108.00
H 670,943.14 0.00 0.00 16,864,930.00
J 589,423.40 0.00 0.00 14,054,108.00
K 618,802.38 0.00 0.00 16,864,930.00
L 721,936.11 0.00 0.00 19,675,751.00
M 309,401.19 0.00 0.00 8,432,465.00
N 487,135.18 0.00 0.00 13,276,452.00
O 265,461.42 0.00 0.00 7,234,924.00
P 176,974.28 0.00 0.00 4,823,283.00
Q 913,247.46 0.00 0.00 25,260,130.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
X-C 3,186,932.21 0.00 0.00 0.00
X-P 4,233,446.23 0.00 0.00 0.00
Z-I 0.00 0.00 0.00 0.00
Z-II 0.00 0.00 0.00 0.00