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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 MW/yr9s1BAiKivUg4avaUQ==

<SEC-DOCUMENT>9999999995-07-003903.txt : 20071003
<SEC-HEADER>9999999995-07-003903.hdr.sgml : 20071003
<ACCEPTANCE-DATETIME>20071003001515
ACCESSION NUMBER:		9999999995-07-003903
CONFORMED SUBMISSION TYPE:	EFFECT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20071002
DATE AS OF CHANGE:		20071003
EFFECTIVENESS DATE:		20071002

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLADSTONE INVESTMENT CORPORATION\DE
		CENTRAL INDEX KEY:			0001321741
		IRS NUMBER:				830423116
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-138008
		FILM NUMBER:		071151903

	BUSINESS ADDRESS:	
		STREET 1:		1521 WESTBRANCH ROAD
		STREET 2:		SUITE 200
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		7032867000

	MAIL ADDRESS:	
		STREET 1:		1521 WESTBRANCH ROAD
		STREET 2:		SUITE 200
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
</SEC-HEADER>
<DOCUMENT>
<TYPE>EFFECT
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2007-10-02</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>16:00:00</finalEffectivenessDispTime>
        <form>N-2</form>
        <filer>
            <cik>0001321741</cik>
            <entityName>GLADSTONE INVESTMENT CORPORATION\DE</entityName>
            <fileNumber>333-138008</fileNumber>
        </filer>
    </effectiveData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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