The undersigned hereby notifies the Securities and Exchange Commission that
it intends to file a notification of election to be subject to sections 55
through 65 of the Investment Company Act of 1940 (the "Act") and in connection
with such notice submits the following information:
Name: Diamond Star Ventures, Inc.
Address of Principal Business Office: 980 North Michigan Avenue, Suite 1400
Chicago, Illinois 60611
Telephone Number: (312) 988-4880
Name and address of agent for service of process:
Harbor City Research
201 E. Baltimore Street, Suite 630
Baltimore, Maryland 21202
The undersigned hereby notifies the Securities and Exchange Commission that
it intends to file a notification of election to be subject to sections 55
through 65 of the Act within ninety days of this filing. The company would be
excluded from the definition of an investment company by section 3(c)(1) of the
Act, except that it presently proposes to make a public offering of its
securities as a business development company.
SIGNATURE
Pursuant to the requirements of section 6(f) of the Act, the undersigned
company has caused this notice of intent to elect to be subject to sections 55
through 65 of the Act pursuant to section 54(a) of the Act to be duly executed
on its behalf in the city of Chicago and the state of Illinois on the 9th day of
July, 1998.
By: /s/ Omar A. Rizvi, Esq. LL.M.
________________________________________
Title: Chairman of the Board
Diamond Star Ventures, Inc.
Attest: /s/ Adnan T. Rizvi
_________________________________________
Title: Corporate Secretary
Diamond Star Ventures, Inc.
