[LETTERHEAD OF GLADSTONE INVESTMENT]
September 7, 2011
VIA FACSIMILE AND EDGAR
Edward Bartz, Esq.
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Mail Stop 8626
Washington, D.C. 20549
     
Re:
  Gladstone Investment Corporation
 
  Registration Statement on Form N-2
 
  Registration No. 333-160720
Dear Mr. Bartz:
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 September 9, 2011 at 12:00 p.m. Eastern 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