U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM N-17f-2
CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR INVESTMENTS IN THE CUSTODY
OF MANAGEMENT INVESTMENT COMPANIES
Pursuant to Rule 17f-2 [17 CRF 270.17f-2]
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1. Investment Company Act File Number: Date examination completed:
814-00138 December 31, 2001
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2. State Identification Number:
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AL AK AZ AR CA CO
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CT DE DC FL GA HI
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ID IL IN IA KS KY
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LA ME MD MA MI MN
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MS MO MT NE NV NH
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NJ NM NY NC ND OH
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OK OR PA RI SC SD
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TN TX UT VT VA WA
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WV WI WY PUERTO RICO
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Other (specify):
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3. Exact name of investment company as specified in registration statement:
Allied Capital Corporation
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4. Address of principal executive office:(number, street, city, state, zip code)
1919 Pennsylvania Avenue, N.W.; Washington, DC 20006
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INSTRUCTIONS
This Form must be completed by the investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's principal
office in Washington, D.C., one copy with the regional office for the region in
which the investment company's principal business operations are conducted, and
one copy with the appropriate state administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
Management Statement Regarding Compliance with
Certain Provisions
of the Investment Company Act of 1940
Allied Capital Corporation (the "Company"), is responsible for complying with
the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of
Investments by Registered Management Investment Companies," of the Investment
Company Act of 1940. The Company is also responsible for establishing and
maintaining effective controls over compliance with those requirements. The
Company has performed an evaluation of its compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 as of December 31, 2001.
Based on this evaluation, the Company asserts that it was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of December 31, 2001 with respect to securities and similar
investments reflected in the investment account of the Company.
ALLIED CAPITAL CORPORATION
By: /s/ Penni F. Roll
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Penni F. Roll
Chief Financial Officer
[MATTHEWS, CARTER AND BOYCE LETTERHEAD]
Board of Directors
Allied Capital Corporation
1919 Pennsylvania Avenue, NW, 3rd Floor
Washington, D.C. 20006
In compliance with Rule 17f-2 promulgated under the Investment Company
Act of 1940, we have made an examination of the investment accounts shown by
the books and records of Allied Capital Corporation as of December 31, 2001
(Investment Company Act File Number 814-138). Our examination was made in
accordance with generally accepted auditing standards.
Securities owned as of the close of business on December 31, 2001, shown
by the books and records, were examined by us by count, inspection or
confirmation, except for those which related to recently disbursed investments
or those out for transfer on that date, which were accounted for by other means.
/s/MATTHEWS, CARTER AND BOYCE
May 6, 2002