-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 AqWQ74Lkjd+UQ/MtgqAc8g==

<SEC-DOCUMENT>0000884589-10-000001.txt : 20100114
<SEC-HEADER>0000884589-10-000001.hdr.sgml : 20100114
<ACCEPTANCE-DATETIME>20100114112131
ACCESSION NUMBER:		0000884589-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100114
DATE AS OF CHANGE:		20100114
EFFECTIVENESS DATE:		20100114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KENNEDY CAPITAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0000884589
		IRS NUMBER:				431225960
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-110074
		FILM NUMBER:		10526755

	BUSINESS ADDRESS:	
		STREET 1:		10829 OLIVE BLVD
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63141
		BUSINESS PHONE:		3144320897

	MAIL ADDRESS:	
		STREET 1:		10829 OLIVE BLVD.
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63141
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000884589</cik>
        <entityName>KENNEDY CAPITAL MANAGEMENT INC</entityName>
        <issuerAddress>
            <street1>10829 OLIVE BLVD</street1>
            <street2>Suite 100</street2>
            <city>ST LOUIS</city>
            <stateOrCountry>MO</stateOrCountry>
            <zipCode>63141</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>3144320400</issuerPhoneNumber>
        <jurisdictionOfInc>MISSOURI</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>Ernest</middleName>
                <lastName>Oliver</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Randall</firstName>
                <middleName>Lee</middleName>
                <lastName>Kirkland</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <middleName>Alan</middleName>
                <lastName>Mace</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>B.</middleName>
                <lastName>Karn III</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>M.</middleName>
                <lastName>Hillhouse</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>Henry</middleName>
                <lastName>Sinise</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Samuel</firstName>
                <middleName>T.</middleName>
                <lastName>DeKinder</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Frank</firstName>
                <middleName>Andrew</middleName>
                <lastName>Latuda, Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Patricia</firstName>
                <middleName>A.</middleName>
                <lastName>Row</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10829 Olive Blvd.</street1>
                <street2>Suite 100</street2>
                <city>St. Louis</city>
                <stateOrCountry>MO</stateOrCountry>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$25,000,001 - $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1414</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>12726000</totalOfferingAmount>
            <totalAmountSold>893648</totalAmountSold>
            <totalRemaining>11832352</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>5</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>7</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>KENNEDY CAPITAL MANAGEMENT INC</issuerName>
                <signatureName>/s/Randall Kirkland</signatureName>
                <nameOfSigner>Randall Kirkland</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2010-01-14</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----