[LETTERHEAD OF GLADSTONE INVESTMENT]
September 7, 2011
VIA EDGAR AND ELECTRONIC DELIVERY
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:
     On September 6, 2011, Gladstone Investment Corporation (the “Fund”), received an oral request from the staff of the Division of Investment Management to confirm that it will file a legality opinion included in a post-effective amendment to the registration statement on Form N-2, Registration No. 333-160720 (the “Registration Statement”), in connection with any shelf takedown of securities. On behalf of the Fund, the Fund hereby confirms that it will file a legality opinion included in a post-effective amendment to the Registration Statement in connection with any shelf takedown of securities.
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