FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: (a)
or fiscal year ending: 03/31/97 (b)
Is this a transition report? (Y/N) N
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Is this an amendment to a previous filing? (Y/N) N
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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: (972) 233-8242
2. A. Street: 12900 Preston Road, Suite 700
B. City: Dallas C. State:Texas 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
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[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N)
[If answer is "Y" (Yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/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:
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For period ending 03/31/97
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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For period covered by this form
($000's omitted)
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INCOME
B. Net interest income.......................... $ 1,069
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C. Net dividend income.......................... $ 1,245
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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.................. $
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(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........................................ $ 9
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P. Interest..................................... $ 635
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Q. Bookkeeping fees paid to anyone performing
this service................................. $
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R. Auditing fees................................ $ 13
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S. Legal fees................................... $
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SCREEN NUMBER: 48 PAGE NUMBER: 40 SEC2100 (5/90)
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If filing more than one
Page 41, "X" box:
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For period ending 03/31/97
File Number 811-1947
Expenses (Negative answers allowed on this screen for
97T through 97W and 97Z only)
For period covered by this form
($000's omitted)
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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.................................... $ 286
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X. Total expenses.................................... $ 943
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Y. Expense reimbursements............................ $
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Z. Net investment income............................. $1,371*
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AA. Realized capital gains............................ $ 4,719
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BB. Realized capital losses........................... $
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CC. 1. Net unrealized appreciation during the period. $ 2,963
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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.......................... $ 1,129
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EE. Total capital gains distributions for which record
date passed during the period..................... $ 623
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98. Payments per share outstanding during the entire current period:
A. Dividends from net investment income.............. $1.129**
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NOTE: Show in fractions of a cent if so declared.
B. Distributions of capital gains.................... $ .623**
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C. Other distributions............................... $
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NOTE: Show in fractions of a cent if so declared.
* 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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If filing more than one
Page 42, "X" box:
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For period ending 03/31/97
File Number 811-1947
<TABLE>
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As of the end of
current reporting period
(000's omitted)
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99. Assets, liabilities, shareholders' equity:
A. Cash........................................................................ $ 215
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B. Repurchase agreements....................................................... $
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C. Short-term debt securities other than repurchase agreements................. $ 11,300
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D. Long-term debt securities including convertible debt........................ $ 6,141
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E. Preferred, convertible preferred and adjustable rate preferred stock........ $ 3,415
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F. Common stock................................................................ $ 72,778
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G. Options on equities......................................................... $
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H. Options on all futures...................................................... $
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I. Other investments........................................................... $ 346
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J. Receivables from portfolio instruments sold................................. $
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K. Receivables from affiliated persons......................................... $ 12
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L. Other receivables........................................................... $ 118
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M. All other assets............................................................ $ 47
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N. Total assets................................................................ $ 94,372
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SCREEN NUMBER: 50 PAGE NUMBER: 42 SEC2100 (5/90)
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If filing more than one
Page 43, "X" box:
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For period ending 03/31/97
File Number 811-1947
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As of the end of
current reporting period
(000's omitted except for
per share amounts and
number of accounts)
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O. Payables for portfolio instruments purchased...................................... $
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P. Amounts owed to affiliated persons................................................ $ 178
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Q. Senior long-term debt............................................................. $ 5,000
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R. All other liabilities............................................................. $ 25,057
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S. Senior equity..................................................................... $
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T. Net assets of common shareholders................................................. $ 64,137
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U. Number of shares outstanding...................................................... $ 1,000
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V. Net asset value per share (to nearest cent)....................................... $ 64.14 *
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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)................ $ 60,274
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101. Market price per share at end of period.................................................... $
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</TABLE>
* 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).
SCREEN NUMBER: 51 PAGE NUMBER: 43 SEC2100 (5/90)
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If filing more than one
Page 44 "X" box:
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For period ending 03/31/97
File Number 811-1947
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........................ --------
Attachment Information (Cont. on Screen 53)
SCREEN NUMBER: 52 PAGE NUMBER: 44 SEC2100 (5/90)
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If filing more than one
Page 45 "X" box:
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For period ending 03/31/97
File Number 811-1947
Attachment Information (Cont. from Screen 52)
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)......................................
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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
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SCREEN NUMBER: 53 PAGE NUMBER: 45 SEC2100 (5/90)
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If filing more than one
Page 46 "X" box:
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For period ending 03/31/97
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File Number 811-1947
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ANNUAL SUPPLEMENT
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Page 53 is to be filed only once each year at the end of Registrant's
fiscal year.
105. Fidelity bond(s) in effect at the end of the period:
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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)............................. $1,200
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106. A. Is the bond part of a joint fidelity bond(s) shared with other investment
companies or other entities?....................................................
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Y/N
B. If the answer to 106A is "Y" (Yes), how many other investment companies
or other entities are convered by the bond?.....................................
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107. A. Does the mandatory coverage of the fidelity bond have a deductible?.............
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Y/N
B. If the answer to 107A is "Y" (Yes), what is the amount of the deductible?....... $
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108. A. Were any claims with respect to this Registrant filed under the bond
during the period?..............................................................
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Y/N
B. If the answer to 108A is "Y" (Yes), what was the total amount of such claim?.... $
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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?..........................
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Y/N
B. If the answer to sub-item 109A is "Y" (Yes), what was the total amount of
such losses? (000's omitted).................................................... $
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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?......................................................
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Y/N
B. Were any claims filed under such policy during the period with respect to
Registrant?.....................................................................
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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 28th of May, 1997.
CAPITAL SOUTHWEST VENTURE CORPORATION
/s/ Tim Smith
By:
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Tim Smith, Vice President & Secretary-Treasurer
/s/ William R. Thomas
Witness:
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William R. Thomas, President
