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SHAREHOLDER UPDATES

Investor Conference and Annual Meeting – New York, NY – May 19th

Q1 2008 Shareholder Presentation

Investor Fact Sheet

2008 Proxy Statement

2007 Annual Report

American Capital Announces Tax Status of 2007 Dividends

AMERICAN CAPITAL NEWS

American Capital Announces the Hiring of New Chicago and West Coast Sponsor Finance Team Leaders

American Capital Provides Details of $28 Million Net Realized Gains from Portfolio Companies in First Quarter 2008

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PRESS COVERAGE

American Capital Portfolio Company Confluence's new CEO aims to boost sales, The Greenville News

On the Record: Samuel Flax, Legal Times

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NEWSLETTER

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2005 Annual Report

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2004 Annual Report

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2003 Annual Report

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2002 Annual Report

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2001 Annual Report

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2000 Annual Report

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1999 Annual Report

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1998 Annual Report

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1997 Annual Report