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 4, 2004

                       TECHNOLOGY INVESTMENT CAPITAL CORP.
             (Exact name of registrant as specified in its charter)


         MARYLAND                       000-50398               20-0118736
(State or other jurisdiction    (Commission File Number)     (I.R.S. Employer
   of incorporation)                                        Identification No.)

                         8 SOUND SHORE DRIVE, SUITE 255
                               GREENWICH, CT 06830
              (Address of principal executive offices and zip code)

       Registrant's telephone number, including area code: (203) 983-5275


Check the appropriate box below if the Form 8-K 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 8.01 OTHER EVENTS.


On October 4, 2004, Technology Investment Capital Corp. issued a press release
announcing that it has completed a $13 million transaction with 3001, Inc., a
leading provider of geospatial information solutions to U.S. federal, state and
local governments, and commercial clients. Technology Investment Capital Corp.'s
investment consists of $10 million in senior notes and $3 million in preferred
and common stock and supports the recapitalization of 3001, Inc. by company
management and CM Equity Partners. The text of the press release is included as
Exhibit 99.1 to this Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

     (a) Not applicable.

     (b) Not applicable.

     (c) Exhibits.


         EXHIBIT NO.            DESCRIPTION
         -----------            -----------

         99.1                   Press release dated October 4, 2004







                                   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.



Date: October 5, 2004                  TECHNOLOGY INVESTMENT CAPITAL CORP.


                                       By: /s/ Saul B. Rosenthal
                                           ------------------------------------
                                           Saul B. Rosenthal
                                           Chief Operating Officer