[LETTERHEAD OF GLADSTONE INVESTMENT]
December 21, 2010
VIA FACSIMILE AND EDGAR
Christian T. Sandoe, Esq.
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Re:   Gladstone Investment Corporation
Registration Statement on Form N-2
(Registration No. 333-160720)
Dear Mr. Sandoe:
The undersigned registrant hereby requests that the Securities and Exchange Commission take appropriate action to cause the above-referenced registration statement to be declared effective on December 23, 2010 at 12:00 p.m. Eastern Daylight Time or as soon thereafter as practicable.
Very truly yours,
GLADSTONE INVESTMENT CORPORATION
 
       
By:   /s/ David Watson    
  David Watson   
  Chief Financial Officer  
       
cc:   Thomas R. Salley
Darren K. DeStefano
Christina L. Novak