8-K

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

                                    FORM 8-K

                                 CURRENT REPORT

                         PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

                                 October 3, 2005

                                    814-00201
                            (Commission File Number)

                                MVC CAPITAL, INC.
                                  (THE "FUND")
             (Exact name of registrant as specified in its charter)

                               DELAWARE, 943346760
      (Jurisdiction of Incorporation) (IRS Employer Identification Number)

                              RIVERVIEW AT PURCHASE
                                287 BOWMAN AVENUE
                                    4TH FLOOR
                               PURCHASE, NY 10577
              (Address of registrant's principal executive office)

                                  914-701-0310
                         (Registrant's telephone number)
                     ---------------------------------------

          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))





ITEM 5.02.  DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICER; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.

On October 3, MVC Capital, Inc. announced that Frances R. Spark had resigned
from the position of chief financial officer (CFO) and Peter Seidenberg had been
appointed as the new CFO.  Ms. Spark will continue to serve the fund as an
investment professional and will also provide administrative and other services
for portfolio companies.  The press release is attached as exhibit 99.1.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

99.1: Press release announcing change in MVC Capital, Inc.'s CFO.





SIGNATURES
          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



MVC CAPITAL, INC.


By: /S/ MICHAEL TOKARZ
    --------------------
    Michael Tokarz
    Chairman


Dated:  October 3, 2005

EX-99.1

        MVC CAPITAL APPOINTS PETER SEIDENBERG AS CHIEF FINANCIAL OFFICER


PURCHASE, NY - OCTOBER 3, 2005- MVC Capital (NYSE: MVC), a publicly traded
business development company that makes private debt and equity investments
today announced the appointment of Peter Seidenberg as chief financial officer
(CFO). In conjunction with Mr. Seidenberg's appointment as CFO, Frances Spark
will step down as the Fund's CFO in order to work for the Fund as an investment
professional and provide administrative and other services for portfolio
companies.


At 36 years of age, Mr. Seidenberg brings over ten years of experience in
corporate finance, operations and general management for both public and private
companies including Fortune 100 organizations. Prior to Mr. Seidenberg's
appointment as CFO of MVC Capital, Mr. Seidenberg worked as a Principal of
Nebraska Heavy Industries, LLC (NHI), a turnaround management firm and middle
market buyout fund. While at NHI, Mr. Seidenberg worked on several engagements
including serving as the CFO of Commerce One, Inc., a business-to-business
process management software company.


Prior to his tenure at NHI, Mr. Seidenberg worked as the Director of Finance and
Business Development and as Corporate Controller for Plumtree Software, a market
leader in corporate portal software. While at Plumtree, Mr. Seidenberg was
responsible for driving the firm's strategic initiatives, managing the firm's
finance and accounting staff, managing the company's budget and handling all
treasury and tax matters. In addition, Mr. Seidenberg also worked on three
acquisitions on behalf of the company.


Before joining Plumtree, Mr. Seidenberg was employed by AlliedSignal as a
Manager of Financial Operations for their Electronic Materials division and as a
Manager of Finance and Administration for the company's InterChip division. None
of Mr. Seidenberg's prior experience was with an affiliated entity of the Fund.


"Our people are critical to the success of our Fund and we are delighted to have
Peter operating as our CFO," said Michael Tokarz, Chairman and Portfolio
Manager of MVC Capital. "We would like to take this opportunity to thank Ms.
Spark for her work throughout the last years as the Fund's CFO and are looking
forward to having her dedicated to our portfolio companies going forward."


MVC Capital is a Business Development Company traded on the New York Stock
Exchange that provides long-term debt and equity investment capital to fund
growth, acquisitions and recapitalizations of companies in a variety of
industries. For additional information about MVC Capital, please contact
investor relations at 914.510.9400.


FORWARD-LOOKING STATEMENTS
THE INFORMATION CONTAINED IN THIS PRESS RELEASE CONTAINS FORWARD-LOOKING
STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO THE INHERENT
UNCERTAINTIES IN PREDICTING FUTURE RESULTS AND CONDITIONS. CERTAIN FACTORS COULD
CAUSE ACTUAL RESULTS AND CONDITIONS TO DIFFER MATERIALLY FROM THOSE PROJECTED IN
THESE FORWARD-LOOKING STATEMENTS, AND THESE FACTORS ARE ENUMERATED IN THE
COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.


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