ACAS Logo Portfolio Company
BOSTON| CHICAGO| DALLAS| FRANKFURT| HONG KONG| LONDON| LOS ANGELES| MADRID| NEW YORK| PALO ALTO| PARIS| PROVIDENCE| WASHINGTON, DC

NEWS

Two Bethesda Metro Center
14th Floor
Bethesda MD 20814
(301) 951-6122
(301) 654-6714 Fax
Info@AmericanCapital.com
www.AmericanCapital.com
American Capital 461 Fifth Ave.
26th Floor
New York, NY 10017
(212) 213-2009
(212) 213-2060 Fax
NYInfo@AmericanCapital.com

FOR IMMEDIATE RELEASE:
June 8, 1998

ADRIAN DAY RECOMMENDS BUY OF AMERICAN CAPITAL STOCK

BETHESDA, Md., June 8 /PRNewswire/ -- Adrian Day's Investment Analyst has recommended American Capital Strategies (Nasdaq:ACAS) a winning stock for investors. Further, Mr. Day recommended that his readers buy and hold the stock for the very long term.

Adrian Day recently conducted an interview with American Capital's Chairman David Gladstone. The interview and analysis of American Capital, its story and stock history are featured in the June 1998 edition of Day's Investment Analyst. The feature is also based on Mr. Day's independent analysis of the American Capital's business. ``We like American Capital Strategies and want to own it as a long-term holding for growing dividends and capital growth. We feel very comfortable with the plan and the people,'' stated Day.

Day further stated, ``This is one that I think we'll be holding for a long, long time, and one that will do very well for us. It's suitable for investors across the spectrum, from conservative to aggressive, and one particularly for those with a long-term view .... Let's hop aboard for what promises to be a very profitable, long-term ride.''

David Gladstone said, ``Adrian Day's national reputation and track record in the investment community is well known and highly respected. We are pleased with his analysis and recommendation to buy American Capital stock. Like Adrian, I believe the best is yet to come for our shareholders and I am thankful to Adrian for introducing his readers to American Capital.''

Adrian Day's Investment Analyst is a monthly publication. It currently has over 27,000 subscribers, one of the largest circulations of any financial newsletter. Adrian Day is a recognized economics lecturer and a popular speaker at numerous financial conferences. For subscription information please call 410-224-8885.


HOME OFFICE
Washington
2 Bethesda Metro Center
14th Floor
Bethesda, MD 20814
(301) 951-6122
(301) 654-6714 fax
Info@AmericanCapital.com
REGIONAL OFFICES
New York
461 Fifth Avenue
26th Floor
New York, NY 10017
(212) 213-2009
(212) 213-2060 fax
NYInfo@AmericanCapital.com
San Francisco
Three Embarcadero Center
Suite 2320
San Francisco, CA 94111
(415) 591-0120
(415) 591-0111 fax
SanFranInfo@AmericanCapital.com
Dallas
2200 Ross Avenue
Suite 4500W
Dallas, TX 75201
(214) 273-6630
(214) 273-6635 fax
DallasInfo@AmericanCapital.com
Chicago
5775 Sears Tower
233 South Wacker Drive
Chicago, IL 60606
(312) 681-7400
(312) 454-0600 fax
ChicagoInfo@AmericanCapital.com
Los Angeles
21550 Oxnard Street, Suite 1010
Warner Center Plaza Two
Woodland Hills, CA 91367
(818) 676-1222
(818) 676-1733 fax
LAInfo@AmericanCapital.com
Philadelphia
One Tower Bridge, Suite 250
100 Front Street
West Conshohocken, PA 19428
(610) 238-0210
(610) 828-9501 fax
PhilaInfo@AmericanCapital.com