1
                                SEC SCHEDULE 13D



Name of Issuer:                     Allied Capital Advisers, Inc.

Title of Class of Securities:       Common

Cusip Number:                       019025105

Name, Address & Telephone Number of Person Authorized to Receive Notices &
Communications:
                                    Jack A. Sullivan
                                    600 California Street, Ste. 1700
                                    San Francisco, CA 94108
                                    Phone: 415/391-5600

Date of Event which Requires Filing of this Statement:

                                    May 24, 1996

Filing fee will be paid in connection with this statement.
   2
                                SEC Schedule 13-D

                         Filing Person: Jack A. Sullivan
                            Filing Date: June 4, 1996
                                   Page 1 of 2


Item 1.

         Allied Capital Advisers, Inc. Common
         1666 K Street NW 9th Flr.
         Washington DC 20006

Item 2.

(a)      Jack A. Sullivan

(b)      600 California Street Ste. 1700, San Francisco, CA 94108

(c)      Stockbroker:
         Van Kasper & Company
         600 California Street Ste. 1700, San Francisco, CA 94108

(d)      N/A

(e)      N/A

(f)      USA

Item 3.

         Personal funds

         Total cost of shares held = $2,228,903

Item 4.

         Securities acquired as long term investments

(a)      Additional shares of this issue may be purchased as long term
         investments or may be sold on occasion.

(b)      N/A

(c)      N/A

(d)      N/A

(e)      N/A

(f)      N/A

(g)      N/A

(h)      N/A

(i)      N/A

(j)      N/A

Item 5.

(a)      471,154 shares held by Jack A. Sullivan = 5.2% of outstanding shares,
         which issuer informed us were 8,990,349 shares as of May 24, 1996.

(b)      Sole power to vote and to dispose 471,154 shares is vested in Jack A.
         Sullivan.
   3
                                SEC Schedule 13-D

                         Filing Person: Jack A. Sullivan
                            Filing Date: June 4, 1996
                                   Page 2 of 2


Item 5. (continued)

(c)      Purchases by Jack A. Sullivan within last 60 days, all transacted on
         Nasdaq:

                                              
         05/08/96      15,000 shs        price $6.90      net amount $103,503.51
         05/10/96      10,000 shs        price $7.10      net amount $ 71,003.51
         05/20/96      15,000 shs        price $7.00      net amount $105,003.51
         05/22/96      10,000 shs        price $7.00      net amount $ 70,003.51
         05/23/96      10,000 shs        price $7.15      net amount $ 71,503.51
         06/03/96      10,000 shs        price $7.13      net amount $ 71,253.51
         06/04/96       3,000 shs        price $7.13      net amount $ 21,378.51



(d)      N/A

(e)      N/A

Item 6.

         N/A

Item 7.

         N/A
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                                  SCHEDULE 13D
                                     PAGE 2


Cusip Number:              019025105

(1)      Name of Reporting Person:  Jack A. Sullivan
         Social Security Number:    ###-##-####

(2)      N/A

(3)      (SEC Use Only)

(4)      Source of Funds:           PF

(5)      N/A

(6)      Citizenship:               USA

Number of shares beneficially owned by each reporting person with:

(7)      Sole Voting Power:         471,154

(8)      N/A

(9)      Sole Dispositive Power:    471,154

(10)     N/A

(11)     Aggregate Amount Beneficially Owned by each Reporting Person:
                                    471,154

(12)     N/A

(13)     Percent of Class Represented by Amount in Row (11):
                                    5.2%

(14)     Type of Reporting Person:  IN