EAST COAST VENTURE CAPITAL INC
N-54A, 1998-10-07
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                       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: EAST COAST VENTURE CAPITAL, INC.
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ADDRESS OF PRINCIPAL BUSINESS OFFICE (NO. & STREET, CITY, STATE, ZIP CODE):
50 East 42nd Street, Suite 1301, New York, New York 10017
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TELEPHONE NUMBER (INCLUDING AREA CODE):  (212) 245-6460
                                        ----------------------------------------

NAME AND ADDRESS OF AGENT FOR SERVICE OF PROCESS: Zindel Zelmanovitch,
                                                 -------------------------------
President, East Coast Venture Capital, Inc., 50 East 42nd Street, Suite 1301,
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New York, New York 10017
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         CHECK ONE OF THE FOLLOWING:

         [ 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.
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:  October 7, 1998.
                    ------------------

         [ ] 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:

         The file number of the  registration as an investment  company pursuant
to section 8(a) of the Act, if any, of the subsidiary of the company:

         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
New York;  that it will be  operated  for the purpose of making  investments  in
securities  described in sections  55(a)(1)  through (3) of the Act; and that it
will make a 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 Act to be duly signed on its behalf in the city of New York and the state of
New York on the 7th day of October, 1998.

                        EAST COAST VENTURE CAPITAL, INC.

                        By: /s/ Zindel Zelmanovitch
                           -----------------------------------
                                Zindel Zelmanovitch, President



Attest: /s/ Nathan Berney
       -----------------------------
            Nathan Berney, Secretary


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