<PAGE> 1
SEC SCHEDULE 13D
Name of Issuer: Allied Capital Advisers, Inc.
Title of Class of Securities: Common
Cusip Number: 019025105
Name, Address & Telephone Number of Person Authorized to Receive Notices &
Communications:
Jack A. Sullivan
600 California Street, Ste. 1700
San Francisco, CA 94108
Phone: 415/391-5600
Date of Event which Requires Filing of this Statement:
May 24, 1996
Filing fee will be paid in connection with this statement.
<PAGE> 2
SEC Schedule 13-D
Filing Person: Jack A. Sullivan
Filing Date: June 4, 1996
Page 1 of 2
Item 1.
Allied Capital Advisers, Inc. Common
1666 K Street NW 9th Flr.
Washington DC 20006
Item 2.
(a) Jack A. Sullivan
(b) 600 California Street Ste. 1700, San Francisco, CA 94108
(c) Stockbroker:
Van Kasper & Company
600 California Street Ste. 1700, San Francisco, CA 94108
(d) N/A
(e) N/A
(f) USA
Item 3.
Personal funds
Total cost of shares held = $2,228,903
Item 4.
Securities acquired as long term investments
(a) Additional shares of this issue may be purchased as long term
investments or may be sold on occasion.
(b) N/A
(c) N/A
(d) N/A
(e) N/A
(f) N/A
(g) N/A
(h) N/A
(i) N/A
(j) N/A
Item 5.
(a) 471,154 shares held by Jack A. Sullivan = 5.2% of outstanding shares,
which issuer informed us were 8,990,349 shares as of May 24, 1996.
(b) Sole power to vote and to dispose 471,154 shares is vested in Jack A.
Sullivan.
<PAGE> 3
SEC Schedule 13-D
Filing Person: Jack A. Sullivan
Filing Date: June 4, 1996
Page 2 of 2
Item 5. (continued)
(c) Purchases by Jack A. Sullivan within last 60 days, all transacted on
Nasdaq:
<TABLE>
<S> <C> <C> <C> <C>
05/08/96 15,000 shs price $6.90 net amount $103,503.51
05/10/96 10,000 shs price $7.10 net amount $ 71,003.51
05/20/96 15,000 shs price $7.00 net amount $105,003.51
05/22/96 10,000 shs price $7.00 net amount $ 70,003.51
05/23/96 10,000 shs price $7.15 net amount $ 71,503.51
06/03/96 10,000 shs price $7.13 net amount $ 71,253.51
06/04/96 3,000 shs price $7.13 net amount $ 21,378.51
</TABLE>
(d) N/A
(e) N/A
Item 6.
N/A
Item 7.
N/A
<PAGE> 4
SCHEDULE 13D
PAGE 2
Cusip Number: 019025105
(1) Name of Reporting Person: Jack A. Sullivan
Social Security Number: ###-##-####
(2) N/A
(3) (SEC Use Only)
(4) Source of Funds: PF
(5) N/A
(6) Citizenship: USA
Number of shares beneficially owned by each reporting person with:
(7) Sole Voting Power: 471,154
(8) N/A
(9) Sole Dispositive Power: 471,154
(10) N/A
(11) Aggregate Amount Beneficially Owned by each Reporting Person:
471,154
(12) N/A
(13) Percent of Class Represented by Amount in Row (11):
5.2%
(14) Type of Reporting Person: IN
