(GLADSTONE LOGO)
July 13, 2011
VIA 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 Capital Corporation
Post-Effective Amendment No. 4 to Registration Statement on Form N-2
(Registration No. 333-162592)
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 July 15, 2011 at 4:00 p.m. Eastern Time or as soon thereafter as practicable.
Very truly yours,
GLADSTONE CAPITAL CORPORATION
         
By:
  /s/ David Watson
 
David Watson
   
 
  Chief Financial Officer    
 
       
cc:
  Darren K. DeStefano, Esq.    
 
  Christina L. Novak, Esq.