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SHAREHOLDER UPDATES

Q3 2008 Shareholder Presentation

2007 Annual Report

AMERICAN CAPITAL NEWS

American Capital Provides Details of $73 Million Net Realized Portfolio Gains from Third Quarter 2008 Exits

American Capital to Present at Merrill Lynch Banking & Financial Services Conference

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PRESS COVERAGE

American Capital Dons Debt Hat, Promenades To A Stronger Exit, Dow Jones Private Equity Analyst

Buyouts Beat: Five Questions with Bowen Diehl, Buyouts

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NEWSLETTER

American Capital Newsletter

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OUR PEOPLE

Steven Burge

President, North American Private Finance

Steven Burge

Mr. Burge joined American Capital's Investment Committee in 2007 after serving as Partner from 1998 until 2007 at Norwest Equity Partners, a private equity fund affiliated with Wells Fargo & Co. with over $2 Billion under management. There he was responsible for all aspects of investment activities and participated on numerous boards of directors. Prior to Norwest, in 1995, he co-founded Wells Fargo Equity Capital, which was then later merged with Norwest. Before Wells Fargo Equity, he was Managing General Partner at Wedbush Capital Partners where he managed a private equity fund and oversaw investment activities. Prior to Wedbush, Mr. Burge worked in commercial banking for Wells Fargo & Co. and Security Pacific Bank where he primarily worked on providing senior debt to leveraged buyout transactions. Mr. Burge holds a B.S. in Finance from San Diego State University and an M.B.A. from the University of Southern California.