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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-54C
NOTIFICATION OF WITHDRAWAL OF ELECTION TO BE SUBJECT TO
SECTIONS 55 THROUGH 65 OF THE INVESTMENT COMPANY ACT OF 1940
FILED PURSUANT TO SECTION 54(c) OF THE INVESTMENT COMPANY ACT OF 1940
The undersigned business development company hereby notifies the
Securities and Exchange Commission that it withdraws its election to be subject
to sections 55 through 65 of the Investment Company Act of 1940 (the "Act"),
pursuant to the provisions of section 54(c) of the Act, and in connection with
such notice of withdrawal of election submits the following information:
SIRROM CAPITAL CORPORATION
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Name
500 Church Street, Suite 200, Nashville, Tennessee 37219
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Address of Principal Business Office
(No. & Street, City, State, Zip Code)
(615) 256-0701
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Telephone Number (including area code)
0-25174
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File Number under the Securities Exchange Act of 1934
Basis for filing the notification of withdrawal:
On March 22, 1999, the shareholders of Sirrom Capital Corporation
("Sirrom") approved an Agreement and Plan of Merger dated January 6, 1999 by and
among Sirrom, Finova Newco Inc. ("Finova NEWCO") and The FINOVA Group Inc.
("FINOVA") and the related merger of Finova NEWCO with and into Sirrom, with
Sirrom as the surviving entity (the "Merger"). On March 22, 1999, the
shareholders of Sirrom also voted to approve Sirrom's related withdrawal of its
election to be treated as a business development company under the Investment
Company Act of 1940, as amended (the "1940 Act"). As of March 22, 1999, FINOVA,
which is not an investment company, is Sirrom's only shareholder, and as such
Sirrom will no longer be required to register under, or be subject to, the
provisions of the 1940 Act.
SIGNATURE
Pursuant to the requirements of the Act, the undersigned company has
caused this notification of withdrawal of election to be subject to sections 55
through 65 of the Act to be duly signed on its behalf in the city of Nashville
and State of Tennessee on the 22nd day of March, 1999.
[SEAL] SIRROM CAPITAL CORPORATION
By: /s/ Carl W. Stratton
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Name: Carl W. Stratton
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Title: Chief Financial Officer
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Attest:
/s/ Maria-Lisa Caldwell
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Name: Maria-Lisa Caldwell
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Title: Secretary
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