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 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 (the
"Act"), to be subject to the provisions of sections 55 through 65 of
the Act and, in connection with such notification of election, submits
the following information:
Name: American Capital Strategies, Ltd.
Address of Principal Business Office (No. & Street, City, State,
Zip Code): 3 Bethesda Metro Center, Suite 860, Bethesda, Maryland
20814
Telephone Number (including area code): (301) 951-6122
Name and address of agent for service of process: Malon Wilkus, 3
Bethesda Metro Center, Suite 860, Bethesda, Maryland 20814
Check one of the following:
/X/ The company had filed a registration statement for a class of
equity securities pursuant to section 12 of the Securities
Exchange Act of 1934. 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: The registration statement was filed on August __, 1997.
/ / The company is relying on rule 12g-2 under the Securities
Exchange Act of 1934 in lieu of filing a registration statement
for a class of equity securities under that Act.
The file number of the registration as an investment company pursuant
to section 8(a) of the Act, if any, of the company: N/A
The file number of the registration as an investment company pursuant
to section 8(a) of the Act, if any, of any subsidiary of the company: N/A
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The undersigned company certifies that it is a closed-end company
organized under the laws of Delaware and with its principal place of business in
Maryland; 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 of 1940; and that it will make available significant managerial assistance
with respect to issuers of such securities to the extent required by the Act.
Pursuant to the requirements of the Act, the undersigned company has
caused this notification of election to be subject to sections 55 through 65 of
the Investment Company Act of 1940 to be duly signed on its behalf in the city
of Newark and state of New Jersey on the 27th day of August, 1997.
[SEAL]
AMERICAN CAPITAL STRATEGIES, LTD.
By /s/ Malon Wilkus
-----------------
Malon Wilkus
President and Director
Attest: /s/ Adam Blumenthal
-------------------
Adam Blumenthal
Secretary
