FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: (a)
or fiscal year ending: 03/31/96 (b)
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) N
Those items or sub-items with a box "[ ]" after the item number should be
completed only if the answer has changed from the previous filing on this form.
1. A. Registrant Name: Capital Southwest Venture Corporation
B. File Number: 811-1947
C. Telephone Number: (214) 233-8242
2. A. Street: 12900 Preston Road, Suite 700
B. City: Dallas C. State: TX D. Zip Code: 75230 Zip Ext: 1314
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
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4. Is this the last filing on this form by Registrant? (Y/N) N
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5. Is Registrant a small business investment company (SBIC)? (Y/N) Y
6. Is Registrant a unit investment trust (UIT)? (Y/N) N
[If answer is "Y" (Yes), complete only items 89 through 110.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N) N
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have
at the end of the period?
SCREEN NUMBER: 01 PAGE NUMBER: 01 SEC2100 (5/90)
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If filing more than one
Page 40, "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
FINANCIAL INFORMATION
97. A. How many months do the answers to items 97 and 98 cover? 12 Months
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<TABLE>
<CAPTION>
For period covered by this form
($000's omitted)
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<S> <C> <C> <C>
INCOME
B. Net interest income ..................................... $ 1,466
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C. Net dividend income ..................................... $ 1,347
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D. Account maintenance fees ................................ $
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E. Net other income $
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EXPENSES
F. Gross advisory fees ..................................... $
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G. Gross administrator(s) fees ............................. $
(Negative answers allowed for 97H through 97S) ------------
H. Salaries and other compensation ......................... $
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I. Shareholder servicing agent fees ........................ $
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J. Custodian fees .......................................... $
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K. Postage ................................................. $
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L. Printing expenses ....................................... $
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M. Directors' fees ......................................... $
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N. Registration fees ....................................... $
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O. Taxes ................................................... $ 7
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P. Interest ................................................ $ 980
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Q. Bookkeeping fees paid to anyone performing this service . $
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R. Auditing fees ........................................... $ 4
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S. Legal fees .............................................. $
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</TABLE>
SCREEN NUMBER: 48 PAGE NUMBER: 40 SEC2100 (5/90)
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<PAGE>
If filing more than one
Page 41, "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
Expenses (Negative answers allowed on this screen for
97T through 97W and 97Z only)
<TABLE>
<CAPTION>
For period covered by this form
($000's omitted)
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<S> <C> <C> <C>
T. Marketing/distribution payments including payments pursuant
to a Rule 12b-1 plan .................................... $
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U. Amortization of organization expenses ................... $
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V. Shareholder meeting expenses ............................ $
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W. Other expenses .......................................... $ 313
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X. Total expenses .......................................... $ 1,304
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Y. Expense reimbursements .................................. $
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Z. Net investment income ................................... $ 1,509 *
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AA. Realized capital gains .................................. $
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BB. Realized capital losses ................................. $ (552)
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CC. 1. Net unrealized appreciation during the period ....... $ 12,662
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2. Net unrealized depreciation during the period ....... $
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DD. Total income dividends for which record date
passed during the period ................................ $ 1,089
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EE. Total capital gains distributions for which
record date passed during the period .................... $ 9,418
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98. Payments per share outstanding during the entire current period:
A. Dividends from net investment income .................... $ 1.089 **
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NOTE: Show in fractions of a cent if so declared.
B. Distributions of capital gains .......................... $ 9.418 **
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C. Other distributions .............................................. $
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NOTE: Show in fractions of a cent if so declared.
</TABLE>
* Negative answer permitted in this field.
** Items 98A and 98B should be of the form mn.nnnn (where n = integer).
SCREEN NUMBER: 49 PAGE NUMBER: 41 SEC2100 (5/90)
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<PAGE>
If filing more than one
Page 42, "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
<TABLE>
<CAPTION>
As of the end of
current reporting period
(000's omitted)
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<S> <C> <C> <C>
99. Assets, liabilities, shareholders' equity:
A. Cash .................................................... $ 595
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B. Repurchase agreements ................................... $
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C. Short-term debt securities other than repurchase agreements $ 9,381
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D. Long-term debt securities including convertible debt .... $ 4,509
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E. Preferred, convertible preferred and adjustable
rate preferred stock .................................... $ 5,452
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F. Common stock ............................................ $ 68,772
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G. Options on equities ..................................... $ 14
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H. Options on all futures .................................. $
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I. Other investments ....................................... $
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J. Receivables from portfolio instruments sold ............. $
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K. Receivables from affiliated persons ..................... $ 13
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L. Other receivables ....................................... $ 90
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M. All other assets ........................................ $ 62
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N. Total assets ............................................ $ 88,888
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</TABLE>
SCREEN NUMBER: 50 PAGE NUMBER: 42 SEC2100 (5/90)
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<PAGE>
If filing more than one
Page 43, "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
<TABLE>
<CAPTION>
As of the end of
current reporting period
(000's omitted except for
per share amounts and
number of accounts)
-------------------
<S> <C> <C> <C>
O. Payables for portfolio instruments purchased ............ $
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P. Amounts owed to affiliated persons ...................... $ 160
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Q. Senior long-term debt ................................... $ 11,000
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R. All other liabilities ................................... $ 21,297
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S. Senior equity ........................................... $
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T. Net assets of common shareholders ....................... $ 56,431
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U. Number of shares outstanding ............................ $ 1,000
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V. Net asset value per share (to nearest cent) ............. $ 56.43 *
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W. Mark-to-market net asset value per share for money market
funds only (to 4 decimals) .............................. $ **
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X. Total number of shareholder accounts .................... $ 1
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Y. Total value of assets in segregated accounts ............ $
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100. Monthly average net assets during current reporting
period ($000's omitted) .......................................... $ 53,595
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101. Market price per share at end of period .......................... $
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* Net asset value per share must be of the form nnn.nn (where n = integer).
** Value must be of the form nnn.nnnn (where n = integer).
</TABLE>
SCREEN NUMBER: 51 PAGE NUMBER: 43 SEC2100 (5/90)
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<PAGE>
If filing more than one
Page 44 "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
<TABLE>
<CAPTION>
<S> <C> <C> <C>
102. A. Is the Registrant filing any of the following attachments
with the current filing of Form N-SAR? .................. N
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Y/N
NOTE: If answer is "Y" (Yes), mark those items below being filed as an
attachment to this form or incorporate by reference.
B. Matters submitted to a vote of security holders ......... _________
C. Policies with respect to security investments ........... _________
D. Legal proceedings ....................................... _________
E. Changes in security for debt ............................ _________
F. Defaults and arrears on senior securities ............... _________
G. Changes in control of Registrant ........................ _________
H. Terms of new or amended securities ...................... _________
I. Revaluation of assets or restatement of capital
share account ........................................... _________
J. Changes in Registrant's certifying accountant ........... _________
K. Changes in accounting principles and practices .......... _________
L. Mergers ................................................. _________
M. Actions required to be reported pursuant to Rule 2a-7 ... _________
N. Transactions effected pursuant to Rule 10f-3 ............ _________
O. Information required to be filed pursuant to
existing exemptive orders ............................... _________
</TABLE>
Attachment Information (Cont. on Screen 53)
SCREEN NUMBER: 52 PAGE NUMBER: 44 SEC2100 (5/90)
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<PAGE>
If filing more than one
Page 45 "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
Attachment Information (Cont. from Screen 52)
<TABLE>
<CAPTION>
<S> <C> <C> <C>
102. P. 1. Exhibits N
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Y/N
2. Any information called for by instruction to sub-item 102 P2 N
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Y/N
3. Any information called for by instruction to sub-item 102 P3 N
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Y/N
103. [ ] Does the Registrant have any wholly-owned investment company
subsidiaries whose operating & financial data are consolidated
with that of Registrant in this report? (Y/N) .................. Y/N
[If answer is "N" (No), go to item 105]
104. [ ] List the "811" numbers and names of Registrant's wholly-owned
investment company subsidiaries consolidated in this report.
811 Numbers Subsidiary Name
----------- ---------------
</TABLE>
SCREEN NUMBER: 53 PAGE NUMBER: 45 SEC2100 (5/90)
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<PAGE>
If filing more than one
Page 46 "X" box: [ ]
For period ending 03/31/96
File Number 811-1947
ANNUAL SUPPLEMENT
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Page 53 is to be filed only once each year at the end of Registrant's fiscal
year.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
105. Fidelity bond(s) in effect at the end of the period:
A. [ ] Insurer Name:
B. [ ] Second Insurer:
C. [ ] Aggregate face amount of coverage for Registrant on all bonds
on which it is named as an insured ($000's omitted) ............. $
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106. A. [ ] Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? ......................... ----------
Y/N
B. [ ] If the answer to 106A is "Y" (Yes), how many other investment
companies or other entities are convered by the bond? ........... ----------
107. A. [ ] Does the mandatory coverage of the fidelity bond have a
deductible? ..................................................... N
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Y/N
B. [ ] If the answer to 107A is "Y" (Yes), what is the amount of the
deductible? ..................................................... ----------
108. A. [ ] Were any claims with respect to this Registrant filed under
the bond during the period? ..................................... ----------
Y/N
B. [ ] If the answer to 108A is "Y" (Yes), what was the total amount
of such claim? .................................................. ----------
109. A. [ ] Were any losses incurred with respect to this Registrant that
could have been filed as a claim under the fidelity bond but
were not? ....................................................... ----------
Y/N
B. [ ] If the answer to 109A is "Y" (Yes), what was the total amount
of such losses (000's omitted) .................................. ----------
110. A. [ ] Are Registrant's officers and directors convered as officers
and directors of Registrant under any errors and omissions
insurance policy owned by the Registrant or anyone else? ........ ----------
Y/N
B. [ ] Were any claims filed under such policy during the period
with respect to Registrant? ..................................... ----------
Y/N
</TABLE>
SCREEN NUMBER: 54 PAGE NUMBER: 46 SEC2100 (5/90)
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This report is signed on behalf of the Registrant, in the City of
Dallas, State of Texas, on the 29th of May, 1996.
CAPITAL SOUTHWEST VENTURE CORPORATION
/s/ Tim Smith
By: Tim Smith, Vice President & Secretary-Treasurer
/s/ William R. Thomas
Witness: William R. Thomas, President
