<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
FORM N-54A
NOTIFICATION OF ELECTION TO BE SUBJECT TO SECTIONS 55 THROUGH
65 OF THE INVESTMENT COMPANY ACT OF 1940 FILED PURSUANT
TO SECTION 54(a) OF THE INVESTMENT COMPANY ACT
The undersigned business development company hereby notifies the Securities
and Exchange Commission that it elects, pursuant to the provisions of Section
54(a) of the Investment Company Act of 1940, as amended (the "Investment Company
Act"), to be subject to the provisions of Sections 55 through 65 of the
Investment Company Act and, in connection with such notification of election,
submits the following information:
NAME: meVC DELTA LIFE SCIENCES FUND I, INC.
ADDRESS OF PRINCIPAL BUSINESS OFFICE (NO. & STREET, CITY, STATE, ZIP CODE): 991
FOLSOM STREET, SUITE 301, SAN FRANCISCO, CALIFORNIA 94107
TELEPHONE NUMBER (INCLUDING AREA CODE): (415) 977-6150
NAME AND ADDRESS OF AGENT FOR SERVICE OF PROCESS: ANDREW E. SINGER, PRESIDENT,
meVC DELTA LIFE SCIENCES FUND I, INC., 991 FOLSOM ST., SUITE 301, SAN FRANCISCO,
CA 94107
COPY TO: KIRKPATRICK & LOCKHART LLP, 1800 MASSACHUSETTS AVENUE, N.W.,
WASHINGTON, D.C. 20036 ATTENTION: R. CHARLES MILLER
[X] The Company has filed a registration statement for a class of equity
securities pursuant to Section 12 of the Securities Exchange Act of 1934,
as amended. Give the file number of the registration statement or, if the
file number is unknown or has not yet been assigned, give the date on which
the registration statement was filed:
MAY 30, 2000
[ ] The Company is relying on Rule 12g-2 under the Securities Exchange Act of
1934, as amended, in lieu of filing a registration statement for a class of
equity securities under the Act.
The file number of the registration as an investment company pursuant to
Section 8(a) of the Investment Company Act, if any, of the Company: NOT YET
ASSIGNED
The file number of the registration as an investment company pursuant to
Section 8(a) of the Investment Company Act, if any, of any subsidiary of the
Company: NOT APPLICABLE
The undersigned company certifies that it is a closed-end company organized
under the laws of Maryland and with its principal place of business in
California; that it will be operated for the purpose of making investments in
securities described in Sections 55(a)(1) through (3) of the Investment Company
Act; and that it will make available significant managerial assistance with
respect to issuers of such securities to the extent required by the Investment
Company Act.
DC - 381721.1
<PAGE>
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, as
amended, the undersigned has caused this Notification of Election to be Subject
to Sections 55 through 65 of the Investment Company Act of 1940 to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of San
Francisco, State of California, this 26th day of May, 2000.
meVC LIFE SCIENCES FUND I, INC.
By /s/ PAUL WOZNIAK
------------------------------
Paul Wozniak
Vice President
Chief Financial Officer
and Treasurer
ATTEST:
/s/ KENNETH PRIORE
-----------------------------
Kenneth Priore
Secretary
