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

Form 13F

Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2001

Check here if Amendment [   ]; Amendment Number: __________

This Amendment (Check only one.):	[   ] is a restatement.
	[   ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:	KAYNE ANDERSON CAPITAL ADVISORS, L.P.
Address:	1800 AVENUE OF THE STARS SECOND FLOOR LOS ANGELES, CA 90067

Form 13F File Number: 28-5066

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:	Richard A. Kayne
Title:	President of the General Partner
Phone:	(310) 556-2721

Signature, Place, and Date of Signing:

Richard A. Kayne Los Angeles, California 31 January 2002

Report Type (Check only one.):

[X]   13F HOLDINGS REPORT.

[   ]   13F NOTICE.

[   ]   13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

None

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.

KAYNE ANDERSON CAPITAL ADVISORS, L.P.
Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:		0
Form 13F Information Table Entry Total:		27
Form 13F Information Table Value Total:	$	85,180
(thousands)

List of Other Included Managers:

NONE

as of 12/31/01

KAYNE ANDERSON CAPITAL ADVISORS, L.P.

FORM 13F INFORMATION TABLE

COLUMN 1	COLUMN 2	COLUMN 3		COLUMN 4		COLUMN 5				COLUMN 6	COLUMN 7	COLUMN 8
	TITLE			VALUE		SHARES or			PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	OF CLASS	CUSIP		(X 1000)		PRN AMT		SH/PRN	CALL	DISCRETION	MANAGERS	SOLE		SHARED	NONE
ACM Income Fund Inc	COM		000912105	$	753		103,200	SH		Sole			103,200
Big Dog Hldgs Inc	COM		089128102	$	235		75,334	SH		Sole			75,334
Cannondale Corp	COM		137798104	$	798		356,383	SH		Sole			356,383
Center Tr Inc	COM		151845104	$	59		14,000	SH		Sole			14,000
Comcast Corp	CL A SPL		200300200	$	540		15,000	SH		Sole			15,000
Exxon Mobil Corp	COM		30231G102	$	342		8,704	SH		Sole			8,704
Glacier Water Svcs Inc	COM		376395109	$	8,552		1,068,943	SH		Sole			1,068,943
Glenborough Rlty Tr Inc	PFD CV SER A%		37803P204	$	641		30,400	SH		Sole			30,400
Harken Energy Corp	COM NEW		412552309	$	48		38,328	SH		Sole			38,328
Kaneb Services LLC	COM		484173109	$	433		22,166	SH		Sole			22,166
Kinder Morgan Energy Partners	UT LTD PARTNER		494550106	$	227		6,000	SH		Sole			6,000
Kinder Morgan Management LLC	SHS		49455U100	$	379		10,000	SH		Sole			10,000
Liberty Ppty Tr	SH BEN INT		531172104	$	552		22,000	SH		Sole			22,000
Lincoln Natl Conv Secs Fd Inc	COM		534183108	$	238		16,600	SH		Sole			16,600
Meridian Resource Corp	COM		58977Q109	$	4,054		1,016,139	SH		Sole			1,016,139
Mission Resources Corp	COM		605109107	$	1,024		292,622	SH		Sole			292,622
PacificHealth Laboratories Inc	COM		695113100	$	42		11,100	SH		Sole			11,100
Plains All Amern Pipeline L P	UNIT LTD PARTN		726503105	$	3,818		146,900	SH		Sole			146,900
Plains Res Inc	COM PAR $0.10		726540503	$	45,248		1,838,631	SH		Sole			1,838,631
Right Start Inc	COM NEW		766574206	$	13,778		2,789,028	SH		Sole			2,789,028
Solectron Corp	COM		834182107	$	1,146		40,000	SH		Sole			40,000
Sports Club Inc	COM		84917P100	$	2,222		793,628	SH		Sole			793,628
Stamps Com Inc	COM		852857101	$	51		14,300	SH		Sole			14,300
				$	85,180

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