UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM N-54A

              NOTIFICATION OF ELECTION TO BE SUBJECT TO SECTION 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:                                   21ST CENTURY TECHNOLOGIES, INC.

         Address of Principal Business Office    2700 W. SAHARA BLVD., SUITE 440
                                                 LAS VEGAS, NV 89102


         Telephone Number                        (702)248-1588

         Name and  Address of Agent for          ARLAND DUNN
         Service  and  Process                   21ST CENTURY TECHNOLOGIES, INC.
                                                 2700 W. SAHARA BLVD., SUITE 440
                                                 LAS VEGAS, NV 89102
                                                 (702)248-1588

         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:   000-29209               .
                                                    ---------------------------
[ ]      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 any subsidiary of the company:
                                                                     -----------
- --------------------------------------.

         The  undersigned  company  certifies  that it is a  closed-end  company
organized  under the laws of the State of Nevada and with its principal place of
business  in  Nevada;  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 Las Vegas and State of Nevada on this 27th day of August 2003.


                                                 /s/ ARLAND D. DUNN
                                                 -------------------------------
                                                 21st CENTURY TECHNOLOGIES, INC.
                                                 By:  Arland D. Dunn
                                                 Its: Chief Executive Officer